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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Room $ 223,653 $ 224,176 $ 414,020 $ 411,473
Food and beverage 78,621 81,298 154,122 152,532
Other operating 16,522 16,686 31,397 32,447
Total revenues 318,796 322,160 599,539 596,452
OPERATING EXPENSES        
Room 54,557 54,517 105,849 105,561
Food and beverage 50,969 52,939 101,506 104,868
Other operating 4,033 4,132 7,864 8,188
Advertising and promotion 14,911 15,277 29,857 30,270
Repairs and maintenance 10,796 10,999 21,763 22,263
Utilities 7,291 7,348 14,513 14,862
Franchise costs 9,881 9,898 17,936 17,994
Property tax, ground lease and insurance 20,791 18,157 42,078 40,997
Other property-level expenses 35,766 37,982 70,504 72,695
Corporate overhead 7,573 6,809 14,352 13,526
Depreciation and amortization 39,525 40,680 80,332 80,727
Total operating expenses 256,093 258,738 506,554 511,951
Operating income 62,703 63,422 92,985 84,501
Interest and other income 849 355 1,570 844
Interest expense (13,084) (15,872) (24,333) (35,882)
Loss on extinguishment of debt   (154) (4) (259)
Gain on sale of assets 1,189 18,223 45,474 18,223
Income before income taxes 51,657 65,974 115,692 67,427
Income tax provision (242) (238) (450) (475)
NET INCOME 51,415 65,736 115,242 66,952
Income from consolidated joint venture attributable to noncontrolling interest (2,183) (1,655) (4,175) (3,305)
Preferred stock dividends and redemption charge (3,207) (6,783) (6,414) (9,549)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 46,025 57,298 104,653 54,098
Other comprehensive income:        
COMPREHENSIVE INCOME 51,415 65,736 115,242 66,952
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 46,025 $ 57,298 $ 104,653 $ 54,098
Basic and diluted per share amounts:        
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.21 $ 0.26 $ 0.47 $ 0.25
Basic and diluted weighted average common shares outstanding (in shares) 220,130 215,385 219,614 214,136
Common stock distributions and distributions payable, per share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10