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Supplemental Information to Statements of Cash Flows
6 Months Ended
Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]  
Supplemental Information to Statements of Cash Flows Supplemental Information to Statements of Cash Flows (in thousands)
For the six months ended June 30,
20212020
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents$657,892 $1,048,442 
Restricted cash reserves38,842 44,578 
Cash, cash equivalents, and restricted cash reserves$696,734 $1,093,020 
Interest paid$54,603 $44,870 
Income taxes paid$154 $187 
Operating cash flow lease payments for operating leases$5,718 $6,466 
Supplemental investing and financing transactions
In connection with the sale of hotel properties, the Company recorded the following:
Sale of hotel properties$17,677 $— 
Transaction costs(980)94 
Operating prorations(429)— 
Proceeds from the sale of hotel properties, net$16,268 $94 
Supplemental non-cash transactions
Accrued capital expenditures$6,065 $7,770