XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 257,918 $ 237,949 $ 460,293 $ 419,479
Operating Expenses:        
Depreciation and amortization 29,335 26,033 58,331 50,935
Corporate expenses 7,403 7,832 14,467 17,618
Business interruption insurance income 0 (2,000) (8,822) (8,027)
Total operating expenses, net 211,960 200,012 397,845 368,023
Interest and other income, net (105) (296) (408) (807)
Interest expense 12,418 10,274 24,080 20,151
Total other expenses, net 12,313 9,978 23,672 19,344
Income before income taxes 33,645 27,959 38,776 32,112
Income tax (expense) benefit (4,571) 50 (722) 235
Net income 29,074 28,009 38,054 32,347
Less: Net income attributable to noncontrolling interests (114) 0 (149) 0
Net income attributable to common stockholders $ 28,960 $ 28,009 $ 37,905 $ 32,347
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.14 $ 0.14 $ 0.19 $ 0.16
Diluted earnings per share (in dollars per share) $ 0.14 $ 0.14 $ 0.19 $ 0.16
Rooms        
Revenues:        
Total revenues $ 181,629 $ 175,058 $ 318,282 $ 304,036
Operating Expenses:        
Operating expenses 42,922 40,593 81,741 76,193
Food and beverage        
Revenues:        
Total revenues 60,714 51,572 111,179 92,364
Operating Expenses:        
Operating expenses 36,456 31,701 69,606 59,155
Other        
Revenues:        
Total revenues 15,575 11,319 30,832 23,079
Operating Expenses:        
Operating expenses 81,319 82,368 156,798 149,928
Management fees        
Operating Expenses:        
Operating expenses 7,317 6,610 12,657 9,443
Franchise fees        
Operating Expenses:        
Operating expenses $ 7,208 $ 6,875 $ 13,067 $ 12,778