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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES        
Room $ 233,787 $ 223,877 $ 666,756 $ 606,944
Food and beverage 68,371 64,273 219,820 192,917
Other operating 22,437 19,633 61,671 52,257
Total revenues 324,595 307,783 948,247 852,118
OPERATING EXPENSES        
Room 58,332 57,492 169,742 159,829
Food and beverage 50,381 45,649 153,412 133,666
Other operating 5,605 5,475 16,073 15,476
Advertising and promotion 15,325 14,114 46,252 40,740
Repairs and maintenance 11,859 12,053 34,798 33,640
Utilities 9,374 9,511 26,736 25,588
Franchise costs 10,591 10,022 30,009 28,360
Property tax, ground lease and insurance 25,649 22,550 72,413 63,015
Property general and administrative 37,828 32,908 109,384 93,793
Corporate overhead 6,046 7,177 27,222 21,410
Depreciation and amortization 41,331 40,000 122,911 115,588
Total operating expenses 272,321 256,951 808,952 731,105
Operating income 52,274 50,832 139,295 121,013
Interest and other income 576 981 3,350 2,588
Interest expense (16,405) (18,052) (51,020) (54,666)
Loss on extinguishment of debt   (531) (2) (531)
Gain on sale of asset 11,682   11,682  
Income before income taxes and discontinued operations 48,127 33,230 103,305 68,404
Income tax (provision) benefit (938) 413 (1,256) 79
Income from continuing operations 47,189 33,643 102,049 68,483
Income from discontinued operations 15,895   15,895 5,199
NET INCOME 63,084 33,643 117,944 73,682
Income from consolidated joint ventures attributable to non-controlling interests (1,982) (1,803) (6,643) (5,704)
Preferred stock dividends (2,300) (2,300) (6,900) (6,900)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 58,802 29,540 104,401 61,078
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 58,802 $ 29,540 $ 104,401 $ 61,078
Basic and diluted per share amounts:        
Income from continuing operations attributable to common stockholders (in dollars per share) $ 0.20 $ 0.14 $ 0.42 $ 0.29
Income from discontinued operations (in dollars per share) 0.08   0.08 0.03
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.28 $ 0.14 $ 0.50 $ 0.32
Basic and diluted weighted average common shares outstanding (in shares) 207,604 202,800 207,264 188,901
Dividends declared per common share $ 0.05 $ 0.05 $ 0.15 $ 0.15