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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Room $ 215,768 $ 217,672 $ 629,788 $ 629,145
Food and beverage 68,821 68,899 222,943 221,431
Other operating 19,320 16,733 50,717 49,180
Total revenues 303,909 303,304 903,448 899,756
OPERATING EXPENSES        
Room 54,433 54,624 160,282 160,185
Food and beverage 49,262 49,174 150,768 154,042
Other operating 4,256 4,328 12,120 12,516
Advertising and promotion 14,953 15,015 44,810 45,285
Repairs and maintenance 12,882 10,876 34,645 33,139
Utilities 8,331 8,252 22,844 23,114
Franchise costs 9,431 9,408 27,367 27,402
Property tax, ground lease and insurance 21,399 20,944 63,477 61,941
Other property-level expenses 34,511 35,003 105,015 107,698
Corporate overhead 7,233 6,392 21,585 19,918
Depreciation and amortization 39,719 40,442 120,051 121,169
Impairment loss 34,427   34,427  
Total operating expenses 290,837 254,458 797,391 766,409
Operating income 13,072 48,846 106,057 133,347
Interest and other income 1,027 283 2,597 1,127
Interest expense (17,008) (11,136) (41,341) (47,018)
Loss on extinguishment of debt     (4) (259)
Gain on sale of assets     45,474 18,223
(Loss) income before income taxes and discontinued operations (2,909) 37,993 112,783 105,420
Income tax benefit 12,991 1,434 12,541 959
Income from continuing operations 10,082 39,427 125,324 106,379
Income from discontinued operations 7,000   7,000  
NET INCOME 17,082 39,427 132,324 106,379
Income from consolidated joint venture attributable to noncontrolling interest (2,169) (2,053) (6,344) (5,358)
Preferred stock dividends and redemption charge (3,208) (3,207) (9,622) (12,756)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 11,705 34,167 116,358 88,265
Other comprehensive income:        
COMPREHENSIVE INCOME 17,082 39,427 132,324 106,379
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 11,705 $ 34,167 $ 116,358 $ 88,265
Basic and diluted per share amounts:        
Income from continuing operations attributable to common stockholders (in dollars per share) $ 0.02 $ 0.16 $ 0.49 $ 0.41
Income from discontinued operations (in dollars per share) 0.03   0.03  
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.05 $ 0.16 $ 0.52 $ 0.41
Basic and diluted weighted average common shares outstanding (in shares) 224,142 215,413 221,140 214,565
Common stock distributions and distributions payable, per share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15