Selected Financial Quarterly Data (Unaudited)

The following is a summary of the quarterly results of operations for the years ended December 31, 2019 and 2018 (in thousands, except per share data):



	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Full Year
2019
Total revenue	$	128,513		$	118,516		$	118,884		$	121,701		$	487,614
Total operating expenses	114,433			105,807			110,401			117,734			448,375
Gain (loss) on insurance settlement, disposition of assets and sale of hotel properties	—			9			(1,163		)	26,319			25,165
Operating income (loss)	14,080			12,718			7,320			30,286			64,404
Net income (loss)	(1,322		)	(5,623		)	(8,954		)	17,095			1,196
Net income (loss) attributable to the Company	(981		)	(4,510		)	(9,388		)	15,250			371
Net income (loss) attributable to common stockholders	(3,513		)	(7,042		)	(11,921		)	12,705			(9,771		)
Diluted income (loss) attributable to common stockholders per share	$	(0.11	)	$	(0.22	)	$	(0.37	)	$	0.36		$	(0.32	)	⁽¹	⁾
Weighted average diluted common shares	32,115			32,307			32,347			38,995			32,289
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 insurance settlement, disposition of assets and 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

_________________

⁽¹⁾The sum of the diluted income (loss) from continuing operations attributable to common stockholders per share for the four quarters in 2019 and 2018 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.