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CONSOLIDATED STATEMENTS OF EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Common Stock
Additional Paid in Capital
Retained Earnings (Deficit)
Cumulative Dividends
Accumulated Other Comprehensive Loss
Non-Controlling Interest in Consolidated Joint Ventures
Series A Cumulative Redeemable Preferred Stock
Preferred Stock
Series D Cumulative Redeemable Preferred Stock
Preferred Stock
Balance at Dec. 31, 2009 $ 886,767 $ 969 $ 1,119,005 $ (8,949) $ (397,527) $ (2,981)   $ 176,250  
Balance (in shares) at Dec. 31, 2009   96,904,075           7,050,000  
Increase (Decrease) in Stockholders' Equity                  
Net proceeds from sale of common and preferred stock 190,642 195 190,447            
Net proceeds from sale of common stock (in shares)   19,500,000              
Vesting of restricted common stock 4,156 6 4,150            
Vesting of restricted common stock (in shares)   546,429              
Series A preferred dividends and dividends payable at $2.00 per share (14,100)       (14,100)        
Series C preferred dividends and dividends payable at $1.572 per share (6,448)       (6,448)        
Accretion of discount on Series C preferred stock (104)   (104)            
Net income 38,542     38,542          
Pension liability adjustment (156)         (156)      
Balance at Dec. 31, 2010 1,099,299 1,170 1,313,498 29,593 (418,075) (3,137)   176,250  
Balance (in shares) at Dec. 31, 2010   116,950,504           7,050,000  
Increase (Decrease) in Stockholders' Equity                  
Net proceeds from sale of common and preferred stock 110,948   (4,052)           115,000
Net proceeds from sale of preferred stock (in shares)                 4,600,000
Vesting of restricted common stock 3,123 3 3,120            
Vesting of restricted common stock (in shares)   314,586              
Non-controlling interest assumed at acquisition 61,067           61,067    
Distributions to non-controlling interests (1,342)           (1,342)    
Series A preferred dividends and dividends payable at $2.00 per share (14,100)       (14,100)        
Series C preferred dividends and dividends payable at $1.572 per share (6,448)       (6,448)        
Series D preferred dividends and dividends payable at $2.00 and $1.472222 per share in 2012 and 2011, respectively (6,773)       (6,773)        
Net income 81,299     80,987     312    
Pension liability adjustment (1,779)         (1,779)      
Balance at Dec. 31, 2011 1,325,294 1,173 1,312,566 110,580 (445,396) (4,916) 60,037 176,250 115,000
Balance (in shares) at Dec. 31, 2011   117,265,090           7,050,000 4,600,000
Increase (Decrease) in Stockholders' Equity                  
Net proceeds from sale of common and preferred stock 126,179 121 126,058            
Net proceeds from sale of common stock (in shares)   12,143,273              
Issuance of common stock in connection with hotel acquisition, net 51,063 55 51,008            
Issuance of common stock in connection with hotel acquisition, net (in shares)   5,454,164              
Vesting of restricted common stock 3,768 3 3,765            
Vesting of restricted common stock (in shares)   374,911              
Distributions to non-controlling interests (6,381)           (6,381)    
Series A preferred dividends and dividends payable at $2.00 per share (14,100)       (14,100)        
Series C preferred dividends and dividends payable at $1.572 per share (6,448)       (6,448)        
Series D preferred dividends and dividends payable at $2.00 and $1.472222 per share in 2012 and 2011, respectively (9,200)       (9,200)        
Net income 49,557     47,796     1,761    
Pension liability adjustment (419)         (419)      
Balance at Dec. 31, 2012 $ 1,519,313 $ 1,352 $ 1,493,397 $ 158,376 $ (475,144) $ (5,335) $ 55,417 $ 176,250 $ 115,000
Balance (in shares) at Dec. 31, 2012   135,237,438           7,050,000 4,600,000