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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Room $ 190,367 $ 187,297
Food and beverage 75,501 71,234
Other operating 14,875 15,761
Total revenues 280,743 274,292
OPERATING EXPENSES    
Room 51,292 51,044
Food and beverage 50,537 51,929
Other operating 3,831 4,056
Advertising and promotion 14,946 14,993
Repairs and maintenance 10,967 11,264
Utilities 7,222 7,514
Franchise costs 8,055 8,096
Property tax, ground lease and insurance 21,287 22,840
Other property-level expenses 34,738 34,713
Corporate overhead 6,779 6,717
Depreciation and amortization 40,807 40,047
Total operating expenses 250,461 253,213
Operating income 30,282 21,079
Interest and other income 721 489
Interest expense (11,249) (20,010)
Loss on extinguishment of debt (4) (105)
Gain on sale of assets 44,285  
Income before income taxes 64,035 1,453
Income tax provision (208) (237)
NET INCOME 63,827 1,216
Income from consolidated joint venture attributable to noncontrolling interest (1,992) (1,650)
Preferred stock dividends (3,207) (2,766)
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS 58,628 (3,200)
Other comprehensive income:    
COMPREHENSIVE INCOME 63,827 1,216
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 58,628 $ (3,200)
Basic and diluted per share amounts:    
Basic and diluted income (loss) attributable to common stockholders per common share (in dollars per share) $ 0.27 $ (0.02)
Basic and diluted weighted average common shares outstanding (in shares) 219,093 212,887
Common stock distributions and distributions payable, per share (in dollars per share) $ 0.05 $ 0.05