XML 97 R82.htm IDEA: XBRL DOCUMENT v3.3.1.900
Selected Quarterly Financial Data (Selected Quarterly Financial Data (Unaudited)) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Selected Quarterly Financial Data [Abstract]                      
Total Revenues $ 123,177 $ 124,560 $ 127,081 $ 95,760 $ 112,985 $ 113,048 $ 111,830 $ 80,348 $ 470,385 $ 417,406 $ 338,413
Total Expenses 113,116 111,396 108,090 99,875 106,340 106,767 53,662 85,216 387,992 349,497 293,723
(Loss) Income from Unconsolidated Joint Ventures 105 608 526 (274) 87 607 419 (420) 965 693 (1,835)
(Loss) Income from Continuing Operations 10,166 13,772 19,517 (4,389) 6,732 6,888 58,587 (5,288) 42,207 69,936 20,753
Income Tax Benefit 2,401 631 109   1,879 699 (1) 108 3,141 2,685 5,600
Income (Loss) from Discontinued Operations (including Gain on Disposition of Discontinued Assets)*               (1,333)   (1,665) 29,195
Net (Loss) Income 12,567 14,403 19,626 (4,389) 8,611 7,587 58,586 (6,513) 42,207 68,271 49,948
(Loss) Income Allocated to Noncontrolling Interests in Continuing Operations 205 244 405 (443) (83) (49) 1,655 (507) 411 $ 1,016 335
Extinguishment of Issuance Costs Upon Redemption of Series A Preferred Shares                   2,250
Preferred Distributions 3,589 3,589 3,589 3,589 3,589 3,589 3,589 3,589 14,356 $ 14,356 14,611
Net (Loss) Income applicable to Common Shareholders $ 8,773 $ 10,570 $ 15,632 $ (7,535) $ 5,105 $ 4,047 $ 53,342 $ (9,595) $ 27,440 $ 52,899 $ 32,752
Basic and diluted earnings per share [Abstract]                      
(Loss) Income from continuing operations applicable to common shareholders ( in dollars per share)         $ 0.12 $ 0.08 $ 1.08 $ (0.16)      
Discontinued Operations (in dollars per share)               (0.04)      
Net (Loss) Income applicable to Common Shareholders (in dollars per share) $ 0.19 $ 0.22 $ 0.32 $ (0.16) $ 0.12 $ 0.08 $ 1.08 $ (0.20)      
Weighted Average Common Shares Outstanding [Abstract]                      
Basic (in shares) 45,663,416 47,417,452 48,530,716 49,582,790 49,657,486 49,649,379 49,623,618 50,185,938 47,786,811 49,777,302 49,597,613
Diluted (in shares) 46,211,104 47,909,549 49,043,914 49,582,790 50,228,966 50,155,497 50,053,389 50,185,938 48,369,658 [1] 50,307,506 [1] 50,479,545 [1]
[1] Income (loss) allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the "Operating Partnership" or "HHLP") has been excluded from the numerator and common units of limited partnership interest ("Common Units") in the Operating Partnership have been omitted from the denominator for the purpose of computing diluted earnings per share since the effect of including these shares and units in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) from continuing operations applicable to common shareholders.