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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rooms $ 181,563 $ 165,088 $ 326,199 $ 294,824
Food and beverage 56,073 52,182 108,406 100,793
Other 12,165 12,664 24,084 24,401
Total revenues 249,801 229,934 458,689 420,018
Operating Expenses:        
Rooms 41,993 41,143 80,457 79,248
Food and beverage 35,355 34,693 70,901 69,193
Management fees 8,903 8,459 15,103 13,752
Other hotel expenses 77,546 72,393 154,052 144,869
Depreciation and amortization 25,574 25,126 49,911 50,249
Impairment losses 9,675 0 10,461 0
Hotel acquisition costs 260 0 492 0
Corporate expenses 6,331 4,690 11,741 9,878
Gain on insurance proceeds 0 (608) 0 (1,271)
Gain on litigation settlement, net 0 (10,999) 0 (10,999)
Total operating expenses, net 205,637 174,897 393,118 354,919
Operating profit 44,164 55,037 65,571 65,099
Interest income (60) (957) (150) (2,609)
Interest expense 12,838 14,600 26,056 29,125
Gain on sale of hotel property 0 (1,290) 0 (1,290)
Gain on prepayment of note receivable 0 (13,550) 0 (13,550)
Other income, net (167) 0 (204) 0
Total other expenses (income), net 12,611 (1,197) 25,702 11,676
Income before income taxes 31,553 56,234 39,869 53,423
Income tax (expense) benefit (6,731) (4,318) (4,405) 2,530
Net income $ 24,822 $ 51,916 $ 35,464 $ 55,953
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.12 $ 0.27 $ 0.18 $ 0.29
Diluted earnings per share (in dollars per share) $ 0.12 $ 0.26 $ 0.18 $ 0.29