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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES        
Total revenues $ 317,447 $ 318,796 $ 588,893 $ 599,539
OPERATING EXPENSES        
Advertising and promotion 14,316 14,911 28,222 29,857
Repairs and maintenance 10,851 10,796 21,954 21,763
Utilities 6,974 7,291 14,449 14,513
Franchise costs 9,961 9,881 17,814 17,936
Property tax, ground lease and insurance 21,508 20,791 43,289 42,078
Other property-level expenses 35,518 35,766 69,425 70,504
Corporate overhead 7,594 7,573 14,696 14,352
Depreciation and amortization 37,334 39,525 74,022 80,332
Impairment loss 1,394   1,394  
Total operating expenses 255,592 256,093 500,597 506,554
Operating income 61,855 62,703 88,296 92,985
Interest and other income 2,966 849 4,457 1,570
Interest expense (11,184) (13,084) (20,060) (24,333)
Loss on extinguishment of debt       (4)
Gain on sale of assets   1,189 15,659 45,474
Income before income taxes 53,637 51,657 88,352 115,692
Income tax (provision) benefit, net (2,375) (242) 1,365 (450)
NET INCOME 51,262 51,415 89,717 115,242
Income from consolidated joint venture attributable to noncontrolling interest (2,374) (2,183) (4,813) (4,175)
Preferred stock dividends (3,207) (3,207) (6,414) (6,414)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 45,681 $ 46,025 $ 78,490 $ 104,653
Basic and diluted per share amounts:        
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.20 $ 0.21 $ 0.35 $ 0.47
Basic and diluted weighted average common shares outstanding (in shares) 225,232 220,130 224,760 219,614
Distributions declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Room        
REVENUES        
Revenue from contract with customer, excluding assessed tax $ 220,304 $ 223,653 $ 400,580 $ 414,020
OPERATING EXPENSES        
Cost of goods and services sold 54,900 54,557 105,995 105,849
Food and beverage        
REVENUES        
Revenue from contract with customer, excluding assessed tax 79,292 78,621 153,558 154,122
OPERATING EXPENSES        
Cost of goods and services sold 50,885 50,969 101,039 101,506
Other operating        
REVENUES        
Revenue from contract with customer, excluding assessed tax 17,851 16,522 34,755 31,397
OPERATING EXPENSES        
Cost of goods and services sold $ 4,357 $ 4,033 $ 8,298 $ 7,864