SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
2014
Total revenues(1)	$	1,641,802	$	2,123,575	$	2,836,497	$	1,840,097
Gross profit	1,406,471		1,882,996		2,619,978		1,674,685
Net income	331,218		576,451		1,062,253		451,831
Net income applicable to common stockholders	331,218		576,451		1,062,253		451,831
Net income applicable to common stockholders per basic common share	$	6.35	$	11.00	$	20.27	$	8.65
Net income applicable to common stockholders per diluted common share	$	6.25	$	10.89	$	20.03	$	8.56

	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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(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.