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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES      
Total revenues $ 1,115,167 $ 1,159,053 $ 1,193,638
OPERATING EXPENSES      
Advertising and promotion 54,369 55,523 58,572
Repairs and maintenance 41,619 43,111 46,298
Utilities 27,311 29,324 30,419
Franchise costs 32,265 35,423 36,681
Property tax, ground lease and insurance 83,265 82,414 83,716
Other property-level expenses 130,321 132,419 138,525
Corporate overhead 30,264 30,247 28,817
Depreciation and amortization 147,748 146,449 158,634
Impairment loss 24,713 1,394 40,053
Total operating expenses 977,794 977,163 1,052,633
Interest and other income 16,557 10,500 4,340
Interest expense (54,223) (47,690) (51,766)
Gain on sale of assets 42,935 116,961 45,474
Loss on extinguishment of debt   (835) (824)
Income before income taxes and discontinued operations 142,642 260,826 138,229
Income tax benefit (provision), net 151 (1,767) 7,775
Income from continuing operations 142,793 259,059 146,004
Income from discontinued operations     7,000
NET INCOME 142,793 259,059 153,004
Income from consolidated joint venture attributable to noncontrolling interest (7,060) (8,614) (7,628)
Preferred stock dividends (12,830) (12,830) (12,830)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 122,903 $ 237,615 $ 132,546
Basic and diluted per share amounts:      
Income from continuing operations attributable to common stockholders (in dollars per share) $ 0.54 $ 1.05 $ 0.56
Income from discontinued operations (in dollars per share)     0.03
Basic and diluted income attributable to common stockholders per common share (in dollars per share) $ 0.54 $ 1.05 $ 0.59
Basic and diluted weighted average common shares outstanding (in shares) 225,681 225,924 221,898
Room      
REVENUES      
Revenues $ 767,392 $ 799,369 $ 829,320
OPERATING EXPENSES      
Expenses 202,889 210,204 213,301
Food and beverage      
REVENUES      
Revenues 272,869 284,668 296,933
OPERATING EXPENSES      
Expenses 186,436 193,486 201,225
Other operating      
REVENUES      
Revenues 74,906 75,016 67,385
OPERATING EXPENSES      
Expenses $ 16,594 $ 17,169 $ 16,392