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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Series A Cumulative Redeemable Preferred Stock
Preferred Stock
Series A Cumulative Redeemable Preferred Stock
Cumulative Dividends
Series A Cumulative Redeemable Preferred Stock
Series C Cumulative Convertible Redeemable Preferred Stock
Cumulative Dividends
Series C Cumulative Convertible Redeemable Preferred Stock
Series D Cumulative Redeemable Preferred Stock
Preferred Stock
Series D Cumulative Redeemable Preferred Stock
Cumulative Dividends
Series D Cumulative Redeemable Preferred Stock
Common Stock
Additional Paid In Capital
Retained Earnings
Cumulative Dividends
Accumulated Other Comprehensive Loss
Noncontrolling Interests in Consolidated Joint Ventures
Total
Beginning Balance at Dec. 31, 2012 $ 176,250         $ 115,000     $ 1,352 $ 1,493,397 $ 158,252 $ (475,144) $ (5,335) $ 55,541 $ 1,519,313
Beginning Balance (in shares) at Dec. 31, 2012 7,050,000         4,600,000     135,237,438            
Increase (Decrease) in Stockholders' Equity                              
Net proceeds from sale of common stock                 $ 453 565,307         565,760
Net proceeds from sale of common stock (in shares)                 45,300,000            
Vesting of restricted common stock                 $ 4 5,247         5,251
Vesting of restricted common stock (in shares)                 321,261            
Redemptions of Series A and Series C preferred stock $ (176,250)                 4,770   (4,770)     (176,250)
Redemptions of Series A and Series C preferred stock (in shares) (7,050,000)                            
Distributions to noncontrolling interests                           (5,481) (5,481)
Common stock dividends and dividends payable                       (17,287)     (17,287)
Preferred stock dividends and dividends payable   $ (2,350) $ (2,350) $ (2,693) $ (2,693)   $ (9,200) $ (9,200)              
Net income                     65,988     4,013 70,001
Pension liability reclassification                         $ 5,335   5,335
Ending Balance at Dec. 31, 2013           $ 115,000     $ 1,809 2,068,721 224,240 (511,444)   54,073 1,952,399
Ending Balance (in shares) at Dec. 31, 2013           4,600,000     180,858,699            
Increase (Decrease) in Stockholders' Equity                              
Net proceeds from sale of common stock                 $ 194 283,262         283,456
Net proceeds from sale of common stock (in shares)                 19,352,703            
Issuance of common stock in connection with hotel acquisition, net                 $ 40 59,894         59,934
Issuance of common stock in connection with hotel acquisition, net (in shares)                 4,034,970            
Vesting of restricted common stock                 $ 5 6,690         6,695
Vesting of restricted common stock (in shares)                 520,346            
Distributions to noncontrolling interests                           (8,488) (8,488)
Cash and/or stock common stock dividends and dividends payable                       (103,901)     (103,901)
Preferred stock dividends and dividends payable             (9,200) (9,200)              
Net income                     81,263     6,676 87,939
Ending Balance at Dec. 31, 2014           $ 115,000     $ 2,048 2,418,567 305,503 (624,545)   52,261 2,268,834
Ending Balance (in shares) at Dec. 31, 2014           4,600,000     204,766,718            
Increase (Decrease) in Stockholders' Equity                              
Vesting of restricted common stock                 $ 7 2,840         2,847
Vesting of restricted common stock (in shares)                 710,108            
Distributions to noncontrolling interests                           (9,981) (9,981)
Sale of noncontrolling interest                           (125) (125)
Issuance of common stock dividends                 $ 21 37,328         37,349
Issuance of common stock dividends (in shares)                 2,127,565            
Cash and/or stock common stock dividends and dividends payable                       (294,123)     (294,123)
Preferred stock dividends and dividends payable             $ (9,200) $ (9,200)              
Net income                     347,355     8,164 355,519
Ending Balance at Dec. 31, 2015           $ 115,000     $ 2,076 $ 2,458,735 $ 652,858 $ (927,868)   $ 50,319 $ 2,351,120
Ending Balance (in shares) at Dec. 31, 2015           4,600,000     207,604,391