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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2012
Selected Consolidated Quarterly Financial Data | Selected consolidated quarterly financial data for 2012 and 2011 follows (in thousands, except per share):
|  | 2012 |  |  |  |
|  | Summit Hotel Properties, Inc. |  |  |  |
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  |  |
Total revenues |  | $ | 40,102 |  |  | $ | 47,213 |  |  | $ | 50,804 |  |  | $ | 51,423 |  |  |  |
Net income (loss) from continuing operations |  | $ | (1,609 | ) |  | $ | 444 |  |  | $ | 1,033 |  |  | $ | (3,495 | ) |  |  |
Net income (loss) from discontinued operations |  | $ | (1,196 | ) |  | $ | (801 | ) |  | $ | 608 |  |  | $ | 2,746 |  |  |  |
Net income (loss) attributable to common stockholders |  | $ | (2,891 | ) |  | $ | (1,238 | ) |  | $ | 406 |  |  | $ | (1,978 | ) |  |  |
Earnings per share - basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | (0.08 | ) |  | $ | (0.01 | ) |  | $ | 0.01 |  |  | $ | (0.12 | ) |  |  |
Net income (loss) from discontinued operations |  |  | (0.03 | ) |  |  | (0.03 | ) |  |  | - |  |  |  | 0.09 |  |  |  |
Net income (loss) attributable to common stockholders |  | $ | (0.11 | ) |  | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | (0.03 | ) |  |  |
|  |  | 2011 |
|  | Predecessor |  | Summit Hotel Properties, Inc. |
|  | Period 1/1 through 2/13 |  | Period 2/14 through 3/31 |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Total revenues |  | $ | 14,142 |  |  | $ | 18,105 |  |  | $ | 36,815 |  |  | $ | 40,033 |  |  | $ | 33,568 |
Net income (loss) from continuing operations |  | $ | (5,784 | ) |  | $ | (1,683 | ) |  | $ | 474 |  |  | $ | (941 | ) |  | $ | (2,956 | )
Net income (loss) from discontinued operations |  | $ | (423 | ) |  | $ | 69 |  |  | $ | 130 |  |  | $ | 982 |  |  | $ | (252 | )
Net income (loss) attributable to common stockholders |  | $ | (6,207 | ) |  | $ | (1,178 | ) |  | $ | 441 |  |  | $ | 30 |  |  | $ | (2,641 | )
Earnings per share - basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  |  | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | (0.01 | ) |  | $ | (0.12 | )
Net income (loss) from discontinued operations |  |  |  | - |  |  |  | 0.01 |  |  |  | 0.01 |  |  |  | 0.02 |
Net income (loss) attributable to common stockholders |  | $ | (0.04 | ) |  | $ | 0.02 |  |  | $ | - |  |  | $ | (0.10 | )
Summit Hotel OP, LP Selected consolidated quarterly financial data for 2012 and 2011 follows (in thousands, except per unit):
|  | 2012 |  |  |  |
|  | Summit OP, LP |  |  |  |
|  | First Quarter |  | Second Quarter |  | Third Quarter |  |  | Fourth Quarter |  |  |  |
Total revenues |  | $ | 40,102 |  |  | $ | 47,213 |  |  | $ | 50,804 |  |  | $ | 51,423 |  |  |  |
Net income (loss) from continuing operations |  | $ | (1,609 | ) |  | $ | 444 |  |  | $ | 1,033 |  |  | $ | (3,495 | ) |  |  |
Net income (loss) from discontinued operations |  | $ | (1,196 | ) |  | $ | (801 | ) |  | $ | 608 |  |  | $ | 2,746 |  |  |  |
Net income (loss) attributable to common unit holders |  | $ | (3,961 | ) |  | $ | (1,513 | ) |  | $ | 485 |  |  | $ | (1,906 | ) |  |  |
Earnings per unit - basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | (0.08 | ) |  | $ | (0.01 | ) |  | $ | 0.01 |  |  | $ | (0.12 | ) |  |  |
Net income (loss) from discontinued operations |  |  | (0.03 | ) |  |  | (0.03 | ) |  |  | - |  |  |  | 0.09 |  |  |  |
Net income (loss) attributable to common unit holders |  | $ | (0.11 | ) |  | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | (0.03 | ) |  |  |
|  |  | 2011 |
|  | Predecessor |  |  | Summit OP, LP |
|  | Period 1/1 through 2/13 |  | Period 2/14 through 3/31 |  | Second Quarter |  | Third Quarter |  |  | Fourth Quarter |
Total revenues |  | $ | 14,142 |  |  | $ | 18,105 |  |  | $ | 36,815 |  |  | $ | 40,033 |  |  | $ | 33,568 |
Net income (loss) from continuing operations |  | $ | (5,784 | ) |  | $ | (1,683 | ) |  | $ | 474 |  |  | $ | (941 | ) |  | $ | (2,956 | )
Net income (loss) from discontinued operations |  | $ | (423 | ) |  | $ | 69 |  |  | $ | 130 |  |  | $ | 982 |  |  | $ | (252 | )
Net income (loss) attributable to common unit holders |  | $ | (6,207 | ) |  | $ | (1,614 | ) |  | $ | 604 |  |  | $ | 41 |  |  | $ | (3,619 | )
Earnings per unit - basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  |  |  |  |  | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | (0.01 | ) |  | $ | (0.11 | )
Net income (loss) from discontinued operations |  |  |  |  |  | $ | - |  |  | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | 0.01 |
Net income (loss) attributable to common unit holders |  |  |  |  |  | $ | (0.04 | ) |  | $ | 0.02 |  |  | $ | - |  |  | $ | (0.10 | )

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 + Details
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