XML 19 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 299,488 $ 938,091 $ 863,704
Operating expenses:      
Depreciation and amortization 114,716 118,110 104,524
Impairment losses 174,120 0 0
Corporate expenses 27,401 28,231 28,563
Business interruption insurance income (2,208) (8,822) (19,379)
Gain on property insurance settlement 0 (144,192) (1,724)
Total operating expenses, net 668,363 684,092 733,643
Interest and other income, net (391) (1,197) (1,806)
Interest expense 53,995 46,584 40,970
Loss on early extinguishment of debt 0 2,373 0
Total other expenses, net 53,604 47,760 39,164
(Loss) income before income taxes (422,479) 206,239 90,897
Income tax benefit (expense) 26,452 (22,028) (3,101)
Net (loss) income (396,027) 184,211 87,796
Less: Net loss (income) attributable to noncontrolling interests 1,652 (724) (12)
Net (loss) income attributable to the Company (394,375) 183,487 87,784
Distributions to preferred stockholders (3,300) 0 0
Net (loss) income attributable to common stockholders $ (397,675) $ 183,487 $ 87,784
(Loss) earnings per share:      
Net (loss) income per share available to common stockholders—basic (in dollars per share) $ (1.97) $ 0.91 $ 0.43
Net (loss) income per share available to common stockholders—diluted (in dollars per share) $ (1.97) $ 0.90 $ 0.43
Weighted-average number of common shares outstanding:      
Basic (in shares) 201,670,721 202,009,750 205,462,911
Diluted (in shares) 201,670,721 202,741,630 206,131,150
Rooms      
Revenues:      
Total revenues $ 196,736 $ 661,153 $ 631,048
Operating expenses:      
Operating expenses 68,603 166,937 158,078
Food and beverage      
Revenues:      
Total revenues 68,566 215,261 184,097
Operating expenses:      
Operating expenses 58,391 137,916 118,709
Other      
Revenues:      
Total revenues 34,186 61,677 48,559
Operating expenses:      
Operating expenses 213,631 333,505 296,535
Management fees      
Operating expenses:      
Operating expenses 3,578 25,475 22,159
Franchise fees      
Operating expenses:      
Operating expenses $ 10,131 $ 26,932 $ 26,178