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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES    
Room $ 180,276 $ 190,367
Food and beverage 74,266 75,501
Other operating 16,904 14,875
Total revenues 271,446 280,743
OPERATING EXPENSES    
Room 51,095 51,292
Food and beverage 50,154 50,537
Other operating 3,941 3,831
Advertising and promotion 13,906 14,946
Repairs and maintenance 11,103 10,967
Utilities 7,475 7,222
Franchise costs 7,853 8,055
Property tax, ground lease and insurance 21,781 21,287
Other property-level expenses 33,907 34,738
Corporate overhead 7,102 6,779
Depreciation and amortization 36,688 40,807
Total operating expenses 245,005 250,461
Operating income 26,441 30,282
Interest and other income 1,491 721
Interest expense (8,876) (11,249)
Loss on extinguishment of debt   (4)
Gain on sale of assets 15,659 44,285
Income before income taxes 34,715 64,035
Income tax benefit (provision), net 3,740 (208)
NET INCOME 38,455 63,827
Income from consolidated joint venture attributable to noncontrolling interest (2,439) (1,992)
Preferred stock dividends (3,207) (3,207)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 32,809 $ 58,628
Basic and diluted per share amounts:    
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.15 $ 0.27
Basic and diluted weighted average common shares outstanding (in shares) 224,282 219,093
Distributions declared per common share (in dollars per share) $ 0.05 $ 0.05