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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Room $ 110,350 $ 110,595
Other hotel operations revenue 7,639 7,487
Total revenues 117,989 118,082
Hotel operating expenses:    
Room 28,514 27,269
Other direct 15,790 16,240
Other indirect 30,900 30,629
Total hotel operating expenses 75,204 74,138
Depreciation and amortization 18,726 18,143
Corporate general and administrative 5,138 4,579
Hotel property acquisition costs 354 554
Total expenses 99,422 97,414
Operating income 18,567 20,668
Other income (expense):    
Interest expense (6,791) (7,483)
Gain on disposal of assets, net 19,456 36,780
Other income, net 2,395 340
Total other income (expense) 15,060 29,637
Income from continuing operations before income taxes 33,627 50,305
Income tax expense (421) (1,571)
Net income 33,206 48,734
Less - Income attributable to non-controlling interests in Operating Partnership (120) (249)
Net income attributable to Summit Hotel Properties, Inc. 33,086 48,485
Preferred dividends (4,200) (4,147)
Net income attributable to common stockholders $ 28,886 $ 44,338
Earnings per share:    
Basic and diluted (in dollars per share) $ 0.31 $ 0.51
Weighted average common shares outstanding:    
Basic (in Shares) 92,762 86,360
Diluted (in Shares) 93,230 87,170