XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Series A Cumulative Preferred Stock
Common Shares of beneficial interest, par value $0.01 per share
Additional Paid-in-Capital
Retained Earnings (Distributions in excess of net earnings)
Accumulated Other Comprehensive Loss
Operating Partnership
Consolidated Joint Venture
Preferred Equity in a Consolidated Joint Venture
Balance (in shares) at Dec. 31, 2018   12,879,475 174,019,616            
Balance at Dec. 31, 2018 $ 3,496,941 $ 366,936 $ 1,740 $ 3,195,381 $ (150,476) $ 16,195 $ 10,827 $ 11,908 $ 44,430
Increase (Decrease) in Equity                  
Net income 129,379       127,842   487 (289) 1,339
Net (loss) income attributable to RLJ 127,842                
Unrealized gain (loss) on interest rate derivatives (33,459)         (33,459)      
Reclassification of unrealized losses on discontinued cash flow hedges to other (expense) income, net (2,250)         (2,250)      
Redemption of Operating Partnership units, value (9)           (9)    
Issuance of restricted stock (in shares)     530,436            
Issuance of restricted stock 0   $ 5 (5)          
Amortization of share-based compensation 12,196     12,196          
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)     (103,741)            
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock $ (1,802)   $ (1) (1,801)          
Number of shares acquired as part of a share repurchase program (in shares) (4,575,170)   (4,575,170)            
Shares acquired as part of a share repurchase program $ (77,834)   $ (45) (77,789)          
Forfeiture of restricted stock (in shares)     (18,895)            
Forfeiture of restricted stock 0   $ 0 0          
Contributions from consolidated joint venture partners 2,446             2,446  
Distributions on preferred shares (25,115)       (25,115)        
Distributions on common shares and units (228,241)       (227,020)   (1,221)    
Preferred distributions - consolidated joint venture (186)               (186)
Redemption of preferred equity - consolidated joint venture (45,583)               (45,583)
Balance (in shares) at Dec. 31, 2019   12,879,475 169,852,246            
Balance at Dec. 31, 2019 3,226,483 $ 366,936 $ 1,699 3,127,982 (274,769) (19,514) 10,084 14,065 $ 0
Increase (Decrease) in Equity                  
Net income (408,802)           (2,034) (2,327)  
Net (loss) income attributable to RLJ (404,441)       (404,441)        
Change in fair market value of designated interest rate swaps (49,536)         (49,536)      
Redemption of Operating Partnership units, shares     0            
Redemption of Operating Partnership units, value (8)   $ 0 0     (8)    
Issuance of restricted stock (in shares)     801,463            
Issuance of restricted stock 0   $ 8 (8)          
Amortization of share-based compensation 13,356     13,356          
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)     (152,629)            
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock $ (1,641)   $ (2) (1,639)          
Number of shares acquired as part of a share repurchase program (in shares) (5,489,335)   (5,489,335)            
Shares acquired as part of a share repurchase program $ (62,604)   $ (55) (62,549)          
Forfeiture of restricted stock (in shares)     (8,993)            
Forfeiture of restricted stock 0   $ 0 0          
Contributions from consolidated joint venture partners 1,264             1,264  
Distributions on preferred shares (25,115)       (25,115)        
Distributions on common shares and units (6,009)       (5,836)   (173)    
Balance (in shares) at Dec. 31, 2020   12,879,475 165,002,752            
Balance at Dec. 31, 2020 2,687,388 $ 366,936 $ 1,650 3,077,142 (710,161) (69,050) 7,869 13,002  
Increase (Decrease) in Equity                  
Net income (311,088)           (1,536) (4,384)  
Net (loss) income attributable to RLJ (305,168)       (305,168)        
Change in fair market value of designated interest rate swaps 41,279         41,279      
Reclassification of unrealized losses on discontinued cash flow hedges to other (expense) income, net 10,658                
Redemption of Operating Partnership units, shares     0            
Redemption of Operating Partnership units, value (7)   $ 0 0     (7)    
Issuance of restricted stock (in shares)     1,765,162            
Issuance of restricted stock 0   $ 18 (18)          
Amortization of share-based compensation 18,299     18,299          
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares)     (166,922)            
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (2,543)   $ (2) (2,541)          
Forfeiture of restricted stock (in shares)     (97,930)            
Forfeiture of restricted stock 0   $ (1) 1          
Contributions from consolidated joint venture partners 1,301             1,301  
Distributions on preferred shares (25,115)       (25,115)        
Distributions on common shares and units (6,305)       (6,295)   (10)    
Balance (in shares) at Dec. 31, 2021   12,879,475 166,503,062            
Balance at Dec. 31, 2021 $ 2,413,867 $ 366,936 $ 1,665 $ 3,092,883 $ (1,046,739) $ (17,113) $ 6,316 $ 9,919