XML 78 R33.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Quarterly Operating Results (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Consolidated Quarterly Operating Data

The Company's unaudited consolidated quarterly operating data for the years ended December 31, 2019 and 2018 (in thousands, except per-share data) is below. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of quarterly results have been reflected in the data. It is also management's opinion, however, that quarterly operating data for hotel properties are not indicative of results to be achieved in succeeding quarters or years.
 
 
Year Ended December 31, 2019
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Total revenues
 
$
367,169

 
$
442,083

 
$
423,552

 
$
379,409

Net income (loss)
 
5,655

 
60,518

 
29,980

 
19,572

Net income (loss) attributable to the Company
 
5,635

 
60,373

 
29,891

 
19,543

Net income (loss) attributable to common shareholders
 
(2,504
)
 
52,234

 
21,752

 
11,404

Net income (loss) per share available to common shareholders, basic
 
$
(0.02
)
 
$
0.40

 
$
0.17

 
$
0.08

Net income (loss) per share available to common shareholders, diluted
 
$
(0.02
)
 
$
0.40

 
$
0.17

 
$
0.08

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2018
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Total revenues
 
$
181,055

 
$
206,501

 
$
205,480

 
$
235,642

Net income (loss)
 
24,516

 
58,295

 
29,917

 
(99,343
)
Net income (loss) attributable to the Company
 
24,409

 
58,103

 
29,792

 
(98,911
)
Net income (loss) attributable to common shareholders
 
20,386

 
54,079

 
25,769

 
(104,307
)
Net income (loss) per share available to common shareholders, basic
 
$
0.29

 
$
0.78

 
$
0.37

 
$
(1.16
)
Net income (loss) per share available to common shareholders, diluted
 
$
0.29

 
$
0.78

 
$
0.37

 
$
(1.16
)