XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.19.1

Investment in Unconsolidated Entity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | The following table summarizes our carrying value and ownership interest in OpenKey:
| March 31, 2019 |  | December 31, 2018
Carrying value of the investment in OpenKey (in thousands) | $ | 1,872 |  |  | $ | 1,766 |
Ownership interest in OpenKey | 8.4 | % |  | 8.2 | %
The following table summarizes our equity in earnings (loss) in OpenKey (in thousands):
|  | Three Months Ended March 31,
Line Item |  | 2019 |  | 2018
Equity in earnings (loss) of unconsolidated entity |  | $ | (50 | ) |  | $ | (3 | )
Ashford Inc. Condensed Consolidated Balance Sheets (unaudited)
| March 31, 2019 |  | December 31, 2018
Total assets | $ | 420,106 |  |  | $ | 379,005 |
Total liabilities | 144,363 |  |  | 108,726 |
Series B cumulative convertible preferred stock | 201,338 |  |  | 200,847 |
Redeemable noncontrolling interests | 3,810 |  |  | 3,531 |
Total stockholders’ equity of Ashford Inc. | 69,968 |  |  | 65,443 |
Noncontrolling interests in consolidated entities | 627 |  |  | 458 |
Total equity | 70,595 |  |  | 65,901 |
Total liabilities and equity | $ | 420,106 |  |  | $ | 379,005 |
Our investment in Ashford Inc., at fair value | $ | 10,821 |  |  | $ | 10,114 |
Ashford Inc. Condensed Consolidated Statements of Operations (unaudited)
| Three Months Ended March 31,
| 2019 |  | 2018
Total revenue | $ | 63,320 |  |  | $ | 48,168 |
Total operating expenses | (60,778 | ) |  | (53,204 | )
Operating income (loss) | 2,542 |  |  | (5,036 | )
Equity in earnings (loss) of unconsolidated entities | (275 | ) |  | — |
Interest expense and loan amortization cost | (366 | ) |  | (166 | )
Other income (expense) | (33 | ) |  | 73 |
Income tax (expense) benefit | (1,300 | ) |  | (706 | )
Net income (loss) | 568 |  |  | (5,835 | )
(Income) loss from consolidated entities attributable to noncontrolling interests | 163 |  |  | 173 |
Net (income) loss attributable to redeemable noncontrolling interests | (21 | ) |  | (61 | )
Net income (loss) attributable to Ashford Inc. | $ | 710 |  |  | $ | (5,723 | )
Preferred dividends | (2,791 | ) |  | — |
Amortization of preferred stock discount | (491 | ) |  | — |
Net income attributable to common stockholders | $ | (2,572 | ) |  | $ | (5,723 | )
Our unrealized gain (loss) on investment in Ashford Inc. | $ | 707 |  |  | $ | 528 |

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration