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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Room $ 443,270 $ 436,202 $ 380,472
Other hotel operations revenue 30,665 27,253 22,994
Total revenues 473,935 463,455 403,466
Hotel operating expenses:      
Room 110,221 109,844 101,150
Other direct 64,608 64,010 55,388
Other indirect 120,852 121,974 104,959
Total hotel operating expenses 295,681 295,828 261,497
Depreciation and amortization 72,406 64,052 63,763
Corporate general and administrative 19,292 21,204 19,884
Hotel property acquisition costs 3,492 1,246 769
Loss on impairment of assets 577 1,115 8,847
Total expenses 391,448 383,445 354,760
Operating income 82,487 80,010 48,706
Other income (expense):      
Interest expense (28,091) (30,414) (28,517)
Gain on disposal of assets, net 49,855 65,067 391
Other income, net 2,560 11,146 595
Total other income (expense) 24,324 45,799 (27,531)
Income from continuing operations before income taxes 106,811 125,809 21,175
Income tax benefit (expense) 1,450 (553) (744)
Income from continuing operations 108,261 125,256 20,431
Income from discontinued operations, net of taxes 0 0 492
Net income 108,261 125,256 20,923
Less - income attributable to non-controlling interests:      
Operating partnership (456) (819) (51)
Joint venture 0 0 (1)
Net income attributable to Summit Hotel Properties, Inc. 107,805 124,437 20,871
Preferred dividends (18,232) (16,588) (16,588)
Premium on redemption of Series A Preferred Stock (2,125) 0 0
Net income attributable to common stockholders $ 87,448 $ 107,849 $ 4,283
Earnings per share - Basic:      
Net income per share from continuing operations (in dollars per share) $ 1.00 $ 1.25 $ 0.04
Net income per share from discontinued operations (in dollars per share) 0.00 0.00 0.01
Net income per common share (in dollars per share) 1.00 1.25 0.05
Earnings per share - Diluted:      
Net income from continuing operations (in dollars per share) 1.00 1.24 0.04
Net income from discontinued operations (in dollars per share) 0.00 0.00 0.01
Net income per share (in dollars per share) $ 1.00 $ 1.24 $ 0.05
Weighted average common shares outstanding:      
Basic (in shares) 86,874 85,920 85,242
Diluted (in shares) 87,343 87,144 85,566
Dividends per share (in dollars per share) $ 0.545 $ 0.47 $ 0.46