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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Room $ 874,117 $ 811,709 $ 653,955
Food and beverage 293,892 259,358 213,346
Other operating 81,171 70,931 56,523
Total revenues 1,249,180 1,141,998 923,824
OPERATING EXPENSES      
Room 224,035 214,899 170,361
Food and beverage 204,932 180,053 147,713
Other operating 21,335 21,012 16,819
Advertising and promotion 61,892 54,992 47,306
Repairs and maintenance 46,557 45,901 35,884
Utilities 34,543 34,141 27,006
Franchise costs 40,096 38,271 32,932
Property tax, ground lease and insurance 94,967 84,665 79,004
Property general and administrative 142,332 126,737 103,454
Corporate overhead 33,339 28,739 26,671
Depreciation and amortization 164,716 155,845 137,476
Total operating expenses 1,068,744 985,255 824,626
Operating income 180,436 156,743 99,198
Interest and other income 3,885 3,479 2,821
Interest expense (66,516) (72,315) (72,239)
Loss on extinguishment of debt (2,964) (4,638) (44)
Gain on sale of assets 226,217    
Income before income taxes and discontinued operations 341,058 83,269 29,736
Income tax provision (1,434) (179) (8,145)
Income from continuing operations 339,624 83,090 21,591
Income from discontinued operations, net of tax 15,895 4,849 48,410
NET INCOME 355,519 87,939 70,001
Income from consolidated joint ventures attributable to noncontrolling interests (8,164) (6,708) (4,045)
Preferred stock dividends and redemption charges (9,200) (9,200) (19,013)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 338,155 $ 72,031 $ 46,943
Basic and diluted per share amounts:      
Income (loss) from continuing operations attributable to common stockholders (in dollars per share) $ 1.54 $ 0.34 $ (0.01)
Income from discontinued operations, net of tax (in dollars per share) 0.08 0.03 0.30
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 1.62 $ 0.37 $ 0.29
Basic and diluted weighted average common shares outstanding (in shares) 207,350 192,674 161,784