XML 48 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Investment In Hotel Properties (Condensed Pro Forma Financial Data) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Investment In Hotel Properties [Abstract]        
Pro Forma Total Revenues $ 146,680 $ 148,990 $ 264,021 $ 276,571
Pro Forma Net Income 89,029 116,167 116,549 109,759
Income Allocated to Noncontrolling Interest (5,017) (4,806) (6,289) (4,209)
Preferred Distributions (6,042) (4,000) (12,084) (7,589)
Extinguishment of Issuance Costs Upon Redemption of Series B Preferred Shares   (4,021)   (4,021)
Pro Forma Income Applicable to Common Shareholders $ 77,970 $ 103,341 $ 98,176 $ 93,940
Pro Forma Income Applicable to Common Shareholders per Common Share: Basic $ 1.87 $ 2.38 $ 2.35 $ 2.14
Pro Forma Income Applicable to Common Shareholders per Common Share: Diluted $ 1.85 $ 2.36 $ 2.33 $ 2.12
Weighted Average Common Shares Outstanding: Basic 41,737,044 43,427,726 41,727,056 43,903,526
Weighted Average Common Shares Outstanding: Diluted [1] 42,207,841 43,863,577 42,201,126 44,384,969
[1] Income allocated to noncontrolling interest in Hersha Hospitality Limited Partnership (the "Operating Partnership" or "HHLP") has been excluded from the numerator and the Class A common shares issuable upon any redemption of the Operating Partnership's common units of limited partnership interest ("Common Units") and the Operating Partnership's vested LTIP units ("Vested LTIP Units") have been omitted from the denominator for the purpose of computing diluted earnings per share because 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 applicable to common shareholders.