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Selected Financial Quarterly Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of the quarterly results of operations
The following is a summary of the quarterly results of operations for the years ended December 31, 2018 and 2017 (in thousands, except per share data):
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Full
Year
 
2018
 
 
 
 
 
 
 
 
 
 
Total revenue
$
102,489

 
$
121,118

 
$
108,846

 
$
98,945

 
$
431,398

 
Total operating expenses
88,201

 
99,702

 
97,623

 
95,785

 
381,311

 
Gain (loss) on sale of hotel properties
—

 
15,711

 
—

 
27

 
15,738

 
Operating income (loss)
14,288

 
37,127

 
11,223

 
3,187

 
65,825

 
Net income (loss)
4,270

 
12,854

 
(626
)
 
(13,913
)
 
2,585

 
Net income (loss) attributable to the Company
4,020

 
11,530

 
(1,869
)
 
(12,361
)
 
1,320

 
Net income (loss) attributable to common stockholders
2,313

 
9,822

 
(3,576
)
 
(14,444
)
 
(5,885
)
 
Diluted income (loss) attributable to common stockholders per share
$
0.07

 
$
0.29

 
$
(0.12
)
 
$
(0.44
)
 
$
(0.19
)
(1 
) 
Weighted average diluted common shares
31,683

 
38,588

 
32,023

 
32,058

 
31,944

 
2017
 
 
 
 
 
 
 
 
 
 
Total revenue
$
97,296

 
$
116,092

 
$
108,119

 
$
92,556

 
$
414,063

 
Total operating expenses
90,046

 
103,685

 
98,533

 
82,957

 
375,221

 
Gain (loss) on sale of hotel properties
—

 
—

 
—

 
23,797

 
23,797

 
Operating income (loss)
7,250

 
12,407

 
9,586

 
33,396

 
62,639

 
Net income (loss)
(289
)
 
386

 
(217
)
 
28,444

 
28,324

 
Net income (loss) attributable to the Company
(13
)
 
(885
)
 
(1,000
)
 
24,920

 
23,022

 
Net income (loss) attributable to common stockholders
(1,686
)
 
(2,592
)
 
(2,707
)
 
23,212

 
16,227

 
Diluted income (loss) attributable to common stockholders per share
$
(0.07
)
 
$
(0.09
)
 
$
(0.09
)
 
$
0.65

 
$
0.51

(1 
) 
Weighted average diluted common shares
27,267

 
31,469

 
31,483

 
38,178

 
34,706

 

_________________
(1) The sum of the diluted income (loss) from continuing operations attributable to common stockholders per share for the four quarters in 2018 and 2017 differs from the annual diluted income (loss) from continuing operations attributable to common stockholders per share due to the required method of computing the weighted average diluted common shares in the respective periods.