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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Room $ 119,285 $ 113,714 $ 229,880 $ 215,139
Other hotel operations revenue 7,910 6,963 15,397 13,186
Total revenues 127,195 120,677 245,277 228,325
Hotel operating expenses:        
Room 26,985 27,729 54,254 53,235
Other direct 16,843 15,860 33,083 30,895
Other indirect 32,929 31,688 63,558 60,415
Total hotel operating expenses 76,757 75,277 150,895 144,545
Depreciation and amortization 17,685 15,403 35,828 30,667
Corporate general and administrative 5,391 5,363 9,970 9,878
Hotel property acquisition costs 1,728 113 2,282 113
Total expenses 101,561 96,156 198,975 185,203
Operating income 25,634 24,521 46,302 43,122
Other income (expense):        
Interest expense (7,123) (7,655) (14,606) (14,902)
Gain (loss) on disposal of assets, net 2,726 (208) 39,506 (711)
Other income 853 546 1,193 785
Total other income (expense) (3,544) (7,317) 26,093 (14,828)
Income from continuing operations before income taxes 22,090 17,204 72,395 28,294
Income tax expense (135) (903) (1,706) (1,402)
Net income 21,955 16,301 70,689 26,892
Less - Income attributable to Operating Partnership (90) (97) (339) (154)
Net income attributable to Summit Hotel Properties, Inc. 21,865 16,204 70,350 26,738
Preferred dividends (4,147) (4,147) (8,294) (8,294)
Net income attributable to common stockholders $ 17,718 $ 12,057 $ 62,056 $ 18,444
Earnings per share:        
Basic net income (loss) (in dollars per share) $ 0.20 $ 0.14 $ 0.72 $ 0.21
Diluted net income (loss) (in dollars per share) $ 0.20 $ 0.14 $ 0.71 $ 0.21
Weighted average common shares outstanding:        
Basic (in Shares) 86,433 85,831 86,396 85,768
Diluted (in Shares) 87,355 87,008 87,264 86,947