SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2013

Selected Quarterly Financial Data Disclosure [Abstract]

Selected quarterly financial data (unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
2013
Total revenues(1)	$	1,302,012	$	1,680,238	$	2,269,903	$	1,541,153
Gross profit	1,009,665		1,383,855		1,989,065		1,333,301
Net income	244,292		437,440		832,989		378,077
Net income applicable to common stockholders	244,271		437,326		832,989		378,077
Net income applicable to common stockholders per basic common share	$	4.89	$	8.62	$	16.22	$	7.32
Net income applicable to common stockholders per diluted common share	$	4.76	$	8.39	$	15.72	$	7.14

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	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
2012
Total revenues(1)	$	1,037,247	$	1,326,759	$	1,706,310	$	1,190,640
Gross profit	743,288		1,004,142		1,396,501		939,750
Net income	181,816		352,654		599,973		289,595
Net income applicable to common stockholders	181,970		352,347		596,586		288,663
Net income applicable to common stockholders per basic common share	$	3.65	$	7.07	$	11.97	$	5.79
Net income applicable to common stockholders per diluted common share	$	3.54	$	6.88	$	11.66	$	5.63

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(1) As the Company's retail accommodation business, which recognizes revenue at the completion of the stay, continues to expand, our quarterly results become increasingly impacted by seasonal factors.