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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2015
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)  
Schedule of selected consolidated quarterly financial data

 

Selected consolidated quarterly financial data for 2015 and 2014 follows (in thousands, except per share amounts):

 

 

 

2015

 

 

 

First
Quarter

 

Second
Quarter

 

Third
Quarter

 

Fourth
Quarter

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

107,648 

 

$

120,677 

 

$

125,091 

 

$

110,039 

 

Income from continuing operations

 

$

10,591 

 

$

16,301 

 

$

13,606 

 

$

84,758 

 

Net income

 

$

10,591 

 

$

16,301 

 

$

13,606 

 

$

84,758 

 

Net income attributable to Summit Hotel Properties, Inc.

 

$

10,534 

 

$

16,204 

 

$

13,540 

 

$

84,159 

 

Earnings per share - Basic:

 

 

 

 

 

 

 

 

 

Net income per share from continuing operations

 

$

0.07 

 

$

0.14 

 

$

0.11 

 

$

0.93 

 

Net income per share from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

0.07 

 

$

0.14 

 

$

0.11 

 

$

0.93 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - Diluted:

 

 

 

 

 

 

 

 

 

Net income per share from continuing operations

 

$

0.07 

 

$

0.14 

 

$

0.11 

 

$

0.92 

 

Net income per share from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

0.07 

 

$

0.14 

 

$

0.11 

 

$

0.92 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

 

First
Quarter

 

Second
Quarter

 

Third
Quarter

 

Fourth
Quarter

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

89,544

 

$

105,525

 

$

109,256

 

$

99,141

 

Income from continuing operations

 

$

2,947

 

$

9,201

 

$

3,766

 

$

4,517

 

Income (loss) from discontinued operations

 

$

378

 

$

(41

)

$

(59

)

$

214

 

Net income

 

$

3,325

 

$

9,160

 

$

3,707

 

$

4,731

 

Net income attributable to Summit Hotel Properties, Inc.

 

$

3,458

 

$

8,975

 

$

3,713

 

$

4,725

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per share from continuing operations

 

$

(0.01

)

$

0.06

 

$

(0.01

)

$

0.01

 

Basic and diluted net income per share from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per share

 

$

(0.01

)

$

0.06

 

$

(0.01

)

$

0.01