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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Revenues $ 276,112 $ 251,280 $ 519,555 $ 423,595
OPERATING EXPENSES        
Advertising and promotion 13,897 11,621 26,919 22,095
Repairs and maintenance 9,606 8,273 19,052 17,987
Utilities 6,768 6,239 13,860 11,944
Franchise costs 4,560 4,280 8,478 7,284
Property tax, ground lease and insurance 19,378 17,455 38,611 33,446
Other property-level expenses 31,857 30,391 63,634 54,301
Corporate overhead 8,396 8,717 16,864 19,431
Depreciation and amortization 32,397 30,893 64,739 62,253
Total operating expenses 227,659 207,759 446,313 386,847
Interest and other income 4,639 116 5,180 4,496
Interest expense (9,223) (5,938) (23,017) (11,019)
Gain on sale of assets       22,946
Gain (loss) on extinguishment of debt, net 12 21 9,921 (192)
Income before income taxes 43,881 37,720 65,326 52,979
Income tax provision, net (803) (28) (1,161) (164)
Net Income 43,078 37,692 64,165 52,815
Income from consolidated joint venture attributable to noncontrolling interest   (2,343)   (3,477)
Preferred stock dividends (3,768) (3,773) (7,536) (7,546)
Income Attributable to Common Stockholders $ 39,310 $ 31,576 $ 56,629 $ 41,792
Basic and diluted per share amounts:        
Basic income attributable to common stockholders per common share (in dollars per share) $ 0.19 $ 0.15 $ 0.27 $ 0.19
Diluted income attributable to common stockholders per common share (in dollars per share) $ 0.19 $ 0.15 $ 0.27 $ 0.19
Basic weighted average common shares outstanding (in shares) 206,181 213,183 206,606 215,216
Diluted weighted average common shares outstanding (in shares) 206,828 213,183 207,095 215,216
Room        
REVENUES        
Revenues $ 173,399 $ 161,721 $ 325,837 $ 270,493
OPERATING EXPENSES        
Expenses 42,658 37,342 81,722 67,803
Food and beverage        
REVENUES        
Revenues 78,815 71,658 149,627 111,241
OPERATING EXPENSES        
Expenses 51,997 46,459 100,532 78,778
Other operating        
REVENUES        
Revenues 23,898 17,901 44,091 41,861
OPERATING EXPENSES        
Expenses $ 6,145 $ 6,089 $ 11,902 $ 11,525