XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Room $ 122,471 $ 125,570
Food and beverage 44,568 43,632
Other operating 14,016 12,976
Total revenues 181,055 182,178
Hotel operating expenses:    
Room 31,708 32,983
Food and beverage 30,596 29,288
Other direct and indirect 51,839 52,168
Total hotel operating expenses 114,143 114,439
Depreciation and amortization 24,902 26,296
Real estate taxes, personal property taxes, property insurance, and ground rent 12,115 13,712
General and administrative 2,610 6,151
Impairment and other losses 795 1,049
Gain on insurance settlement (4,898) 0
Total operating expenses 149,667 161,647
Operating income (loss) 31,388 20,531
Interest income 63 0
Interest expense (9,811) (9,341)
Other 2,447 64
Income (loss) before income taxes 24,087 11,254
Income tax (expense) benefit 429 2,835
Net income (loss) 24,516 14,089
Net income (loss) attributable to non-controlling interests 107 55
Net income (loss) attributable to the Company 24,409 14,034
Distributions to preferred shareholders (4,023) (4,023)
Net income (loss) attributable to common shareholders $ 20,386 $ 10,011
Net income (loss) per share available to common shareholders, basic (usd per share) $ 0.29 $ 0.14
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ 0.29 $ 0.14
Weighted-average number of common shares, basic (in shares) 68,876,444 71,610,994
Weighted-average number of common shares, diluted (in shares) 69,208,048 71,892,820
Comprehensive Income:    
Net income (loss) $ 24,516 $ 14,089
Other comprehensive income (loss):    
Unrealized gain (loss) on derivative instruments 5,278 2,104
Unrealized gain (loss) on marketable securities 579 0
Comprehensive income (loss) 29,215 16,193
Comprehensive income (loss) attributable to non-controlling interests 123 62
Comprehensive income (loss) attributable to the Company $ 29,092 $ 16,131