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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Total revenues $ 281,639 $ 289,308 $ 842,215 $ 878,201
OPERATING EXPENSES        
Advertising and promotion 13,285 13,593 40,998 41,815
Repairs and Maintenance 10,632 10,530 31,107 32,484
Utilities 7,458 8,084 20,656 22,533
Franchise costs 8,606 9,167 24,024 26,981
Property tax, ground lease and insurance 21,880 20,369 62,842 63,658
Other property-level expenses 30,913 31,580 97,768 101,005
Corporate overhead 7,395 7,360 22,989 22,056
Depreciation and amortization 37,573 36,159 110,484 110,181
Impairment loss       1,394
Total operating expenses 239,346 241,220 716,117 741,817
Interest and other income 3,762 2,592 13,497 7,049
Interest expense (13,259) (11,549) (43,401) (31,609)
Gain on sale of assets   53,128   68,787
Income before income taxes 32,796 92,259 96,194 180,611
Income tax benefit (provision), net 749 (673) 1,185 692
NET INCOME 33,545 91,586 97,379 181,303
Income from consolidated joint venture attributable to noncontrolling interest (2,508) (2,376) (6,062) (7,189)
Preferred stock dividends (3,208) (3,208) (9,622) (9,622)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 27,829 $ 86,002 $ 81,695 $ 164,492
Basic and diluted per share amounts:        
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.12 $ 0.38 $ 0.36 $ 0.73
Basic and diluted weighted average common shares outstanding (in shares) 224,530 227,068 226,369 225,538
Room        
REVENUES        
Revenues $ 200,242 $ 207,657 $ 580,835 $ 608,237
OPERATING EXPENSES        
Expenses 52,514 53,928 152,606 159,923
Food and beverage        
REVENUES        
Revenues 61,366 63,911 206,183 217,469
OPERATING EXPENSES        
Expenses 44,928 46,260 140,149 147,299
Other operating        
REVENUES        
Revenues 20,031 17,740 55,197 52,495
OPERATING EXPENSES        
Expenses $ 4,162 $ 4,190 $ 12,494 $ 12,488