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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Total revenues $ 257,680 $ 271,446
OPERATING EXPENSES    
Advertising and promotion 13,564 13,906
Repairs and maintenance 10,282 11,103
Utilities 6,665 7,475
Franchise costs 6,839 7,853
Property tax, ground lease and insurance 20,348 21,781
Other property-level expenses 32,840 33,907
Corporate overhead 7,516 7,102
Depreciation and amortization 36,387 36,688
Total operating expenses 233,474 245,005
Interest and other income 4,924 1,491
Interest expense (14,326) (8,876)
Gain on sale of assets   15,659
Income before income taxes 14,804 34,715
Income tax benefit, net 3,112 3,740
NET INCOME 17,916 38,455
Income from consolidated joint venture attributable to noncontrolling interest (1,599) (2,439)
Preferred stock dividends (3,207) (3,207)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 13,110 $ 32,809
Basic and diluted per share amounts:    
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.06 $ 0.15
Basic and diluted weighted average common shares outstanding (in shares) 227,219 224,282
Distributions declared per common share (in dollars per share) $ 0.05 $ 0.05
Room    
REVENUES    
Revenues $ 171,858 $ 180,276
OPERATING EXPENSES    
Expenses 48,246 51,095
Food and beverage    
REVENUES    
Revenues 69,113 74,266
OPERATING EXPENSES    
Expenses 46,822 50,154
Other operating    
REVENUES    
Revenues 16,709 16,904
OPERATING EXPENSES    
Expenses $ 3,965 $ 3,941