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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES        
Total revenues $ 302,896 $ 317,447 $ 560,576 $ 588,893
OPERATING EXPENSES        
Advertising and promotion 14,149 14,316 27,713 28,222
Repairs and Maintenance 10,193 10,851 20,475 21,954
Utilities 6,533 6,974 13,198 14,449
Franchise costs 8,579 9,961 15,418 17,814
Property tax, ground lease and insurance 20,614 21,508 40,962 43,289
Other property-level expenses 34,015 35,518 66,855 69,425
Corporate overhead 8,078 7,594 15,594 14,696
Depreciation and amortization 36,524 37,334 72,911 74,022
Impairment loss   1,394   1,394
Total operating expenses 243,297 255,592 476,771 500,597
Interest and other income 4,811 2,966 9,735 4,457
Interest expense (15,816) (11,184) (30,142) (20,060)
Gain on sale of assets       15,659
Income before income taxes 48,594 53,637 63,398 88,352
Income tax (provision) benefit, net (2,676) (2,375) 436 1,365
NET INCOME 45,918 51,262 63,834 89,717
Income from consolidated joint venture attributable to noncontrolling interest (1,955) (2,374) (3,554) (4,813)
Preferred stock dividends (3,207) (3,207) (6,414) (6,414)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 40,756 $ 45,681 $ 53,866 $ 78,490
Basic and diluted per share amounts:        
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.18 $ 0.20 $ 0.24 $ 0.35
Basic and diluted weighted average common shares outstanding (in shares) 227,389 225,232 227,305 224,760
Room        
REVENUES        
Revenues $ 208,735 $ 220,304 $ 380,593 $ 400,580
OPERATING EXPENSES        
Expenses 51,846 54,900 100,092 105,995
Food and beverage        
REVENUES        
Revenues 75,704 79,292 144,817 153,558
OPERATING EXPENSES        
Expenses 48,399 50,885 95,221 101,039
Other operating        
REVENUES        
Revenues 18,457 17,851 35,166 34,755
OPERATING EXPENSES        
Expenses $ 4,367 $ 4,357 $ 8,332 $ 8,298