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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (22,398) $ (71,492)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 36,597 36,891
Equity-based compensation 4,221 4,033
Bad debt expense 217 439
Amortization of loan costs, discounts and capitalized default interest (855) 1,706
Write-off of loan costs and exit fees 1,528 2,237
Amortization of intangibles 276 414
Amortization of non-refundable membership initiation fees (443) (173)
Interest expense accretion on refundable membership club deposits 392 415
(Gain) loss on insurance settlement and disposition of assets (696) 0
Realized and unrealized (gain) loss on derivatives 78 (112)
Net settlement of trading derivatives 0 30
Equity in (earnings) loss of unconsolidated entity 130 80
Deferred income tax expense (benefit) (175) (734)
Changes in operating assets and liabilities:    
Accounts receivable and inventories (5,365) 10,027
Prepaid expenses and other assets (1,704) (1,677)
Accounts payable and accrued expenses 26,645 (11,361)
Operating lease right-of-use assets 274 269
Due to/from related parties, net (962) (336)
Due to/from third-party hotel managers (8,352) 7,057
Operating lease liabilities (120) (108)
Other liabilities 511 80
Net cash provided by (used in) operating activities 31,510 (23,286)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from property insurance 0 2,528
Net proceeds from disposition of assets 1,816 0
Deposit for acquisition of hotel property (3,000) 0
Investment in unconsolidated entity 0 (26)
Improvements and additions to hotel properties (9,094) (12,294)
Net cash provided by (used in) investing activities (10,278) (9,792)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on indebtedness 83,231 109,317
Repayments of indebtedness (62,795) (44,317)
Payments of loan costs and exit fees (930) (4,941)
Payments for derivatives (79) (92)
Purchase of common stock (376) (30)
Payments for dividends and distributions (4,942) (11,045)
Proceeds from issuance of preferred stock 0 474
Proceeds from issuance of common stock 65,679 0
Contributions from noncontrolling interest in consolidated entities 920 0
Distributions to noncontrolling interest in consolidated entities 0 (2,639)
Net cash provided by (used in) financing activities 80,708 46,727
Net change in cash, cash equivalents and restricted cash 101,940 13,649
Cash, cash equivalents and restricted cash at beginning of period 113,150 130,383
Cash, cash equivalents and restricted cash at end of period 215,090 144,032
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 14,070 16,060
Income taxes paid (refunded) (41) 775
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Dividends and distributions declared but not paid 2,075 3,208
Common stock purchases accrued but not paid 0 42
Capital expenditures accrued but not paid 3,109 9,685
Non-cash loan principal associated with default interest and late charges 0 4,926
Accrued common stock offering expense 34 0
Accrued preferred stock offering expenses 0 17
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 157,677 102,568
Restricted cash 57,413 41,464
Cash, cash equivalents and restricted cash 215,090 144,032
Ashford Inc.    
Changes in operating assets and liabilities:    
Due to affiliate $ 1,711 $ (971)