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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Room $ 824,340 $ 874,117 $ 811,709
Food and beverage 294,415 293,892 259,358
Other operating 70,585 81,171 70,931
Total revenues 1,189,340 1,249,180 1,141,998
OPERATING EXPENSES      
Room 211,947 224,035 214,899
Food and beverage 204,102 204,932 180,053
Other operating 16,684 21,335 21,012
Advertising and promotion 60,086 61,892 54,992
Repairs and maintenance 44,307 46,557 45,901
Utilities 30,424 34,543 34,141
Franchise costs 36,647 40,096 38,271
Property tax, ground lease and insurance 82,979 94,967 84,665
Other property-level expenses 142,742 142,332 126,737
Corporate overhead 25,991 33,339 28,739
Depreciation and amortization 163,016 164,716 155,845
Total operating expenses 1,018,925 1,068,744 985,255
Operating income 170,415 180,436 156,743
Interest and other income 1,800 3,885 3,479
Interest expense (50,283) (66,516) (72,315)
Loss on extinguishment of debt (284) (2,964) (4,638)
Gain on sale of assets 18,413 226,217  
Income before income taxes and discontinued operations 140,061 341,058 83,269
Income tax benefit (provision) 616 (1,434) (179)
Income from continuing operations 140,677 339,624 83,090
Income from discontinued operations, net of tax   15,895 4,849
NET INCOME 140,677 355,519 87,939
Income from consolidated joint ventures attributable to noncontrolling interests (6,480) (8,164) (6,708)
Preferred stock dividends and redemption charge (15,964) (9,200) (9,200)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 118,233 $ 338,155 $ 72,031
Basic and diluted per share amounts:      
Income from continuing operations attributable to common stockholders (in dollars per share) $ 0.55 $ 1.54 $ 0.34
Income from discontinued operations, net of tax (in dollars per share)   0.08 0.03
Basic and diluted loss attributable to common stockholders per common share (in dollars per share) $ 0.55 $ 1.62 $ 0.37
Basic and diluted weighted average common shares outstanding (in shares) 214,966 207,350 192,674