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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE    
Total revenue $ 117,520 $ 128,513
Hotel operating expenses:    
Total hotel operating expenses 87,748 82,503
Property taxes, insurance and other 7,660 7,460
Depreciation and amortization 18,338 16,686
Advisory services fee 5,069 6,024
Transaction costs 0 634
Corporate general and administrative 1,932 1,126
Total expenses 120,747 114,433
Operating income (loss) (3,227) 14,080
Equity in earnings (loss) of unconsolidated entity (40) (50)
Interest income 129 362
Other income (expense) (138) (117)
Interest expense and amortization of loan costs (11,897) (14,193)
Write-off of loan costs and exit fees 0 (312)
Unrealized gain (loss) on derivatives 1,156 (872)
INCOME (LOSS) BEFORE INCOME TAXES (14,017) (395)
Income tax (expense) benefit (1,370) (927)
NET INCOME (LOSS) (15,387) (1,322)
(Income) loss attributable to noncontrolling interest in consolidated entities 572 (99)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership 1,885 440
Net income (loss) attributable to Ashford Inc. (12,930) (981)
Preferred dividends (2,555) (2,532)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (15,485) $ (3,513)
INCOME (LOSS) PER SHARE - BASIC:    
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.48) $ (0.11)
Weighted average common shares outstanding – basic (in shares) 32,474 32,115
INCOME (LOSS) PER SHARE - DILUTED:    
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.48) $ (0.11)
Weighted average common shares outstanding – diluted (in shares) 32,474 32,115
Total hotel revenue    
REVENUE    
Total revenue $ 117,520 $ 128,508
Rooms    
REVENUE    
Total revenue 70,468 76,731
Hotel operating expenses:    
Total hotel operating expenses 17,880 16,982
Food and beverage    
REVENUE    
Total revenue 28,803 32,114
Hotel operating expenses:    
Total hotel operating expenses 23,901 22,210
Other hotel    
REVENUE    
Total revenue 18,249 19,663
Hotel operating expenses:    
Total hotel operating expenses 42,090 38,895
Other    
REVENUE    
Total revenue 0 5
Management fees    
Hotel operating expenses:    
Total hotel operating expenses $ 3,877 $ 4,416