XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Room $ 187,297 $ 193,291
Food and beverage 71,234 72,184
Other operating 15,761 18,910
Total revenues 274,292 284,385
OPERATING EXPENSES    
Room 51,044 53,842
Food and beverage 51,929 50,219
Other operating 4,056 5,131
Advertising and promotion 14,993 15,360
Repairs and maintenance 11,264 11,558
Utilities 7,514 8,985
Franchise costs 8,096 8,600
Property tax, ground lease and insurance 22,840 23,613
Property general and administrative 34,713 34,449
Corporate overhead 6,717 14,253
Depreciation and amortization 40,047 40,707
Total operating expenses 253,213 266,717
Operating income 21,079 17,668
Interest and other income 489 946
Interest expense (20,010) (17,326)
Loss on extinguishment of debt (105)  
Income before income taxes 1,453 1,288
Income tax provision (237) (85)
NET INCOME 1,216 1,203
Income from consolidated joint ventures attributable to noncontrolling interests (1,650) (2,181)
Preferred stock dividends (2,766) (2,300)
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (3,200) (3,278)
COMPREHENSIVE INCOME 1,216 1,203
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (3,200) $ (3,278)
Basic and diluted per share amounts:    
Basic and diluted loss attributable to common stockholders per common share (in dollars per share) $ (0.02) $ (0.02)
Basic and diluted weighted average common shares outstanding (in shares) 212,887 206,600
Dividends declared per common share $ 0.05 $ 0.05