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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Room $ 118,292 $ 103,155 $ 333,431 $ 287,387
Other hotel operations revenue 6,799 6,101 19,985 16,938
Total revenues 125,091 109,256 353,416 304,325
Hotel operating expenses:        
Room 29,428 26,365 82,663 76,042
Other direct 17,073 15,376 47,968 40,610
Other indirect 31,893 26,451 92,308 78,068
Total hotel operating expenses 78,394 68,192 222,939 194,720
Depreciation and amortization 15,916 16,435 46,583 47,753
Corporate general and administrative 6,897 5,742 16,775 15,364
Hotel property acquisition costs 837 69 950 778
Loss on impairment of assets 1,115 8,187 1,115 8,847
Total expenses 103,159 98,625 288,362 267,462
Operating income 21,932 10,631 65,054 36,863
Other income (expense):        
Interest expense (8,083) (7,235) (22,985) (21,198)
Other income (expense), net (59) 797 15 1,083
Total other expense, net (8,142) (6,438) (22,970) (20,115)
Income from continuing operations before income taxes 13,790 4,193 42,084 16,748
Income tax expense (184) (427) (1,586) (834)
Income from continuing operations 13,606 3,766 40,498 15,914
Income (loss) from discontinued operations   (59)   278
Net income 13,606 3,707 40,498 16,192
Income (loss) attributable to non-controlling interests:        
Operating partnership 66 (6) 220 45
Joint venture       1
Net income attributable to Summit Hotel Properties, Inc. 13,540 3,713 40,278 16,146
Preferred dividends (4,147) (4,147) (12,441) (12,441)
Net income (loss) attributable to common stockholders $ 9,393 $ (434) $ 27,837 $ 3,705
Earnings per share:        
Basic and diluted net income (loss) per share from continuing operations (in dollars per share) $ 0.11 $ (0.01) $ 0.32 $ 0.04
Basic and diluted net income (loss) (in dollars per share) $ 0.11 $ (0.01) $ 0.32 $ 0.04
Weighted average common shares outstanding:        
Basic (in Shares) 85,995 85,303 85,844 85,192
Diluted (in Shares) 87,065 85,303 87,000 85,704