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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Room $ 127,246 $ 110,777 $ 358,110 $ 340,657
Other hotel operations revenue 9,341 7,559 25,522 22,956
Total revenues 136,587 118,336 383,632 363,613
Hotel operating expenses:        
Room 33,404 28,705 91,221 82,959
Other direct 16,846 15,513 49,255 48,596
Other indirect 35,820 29,312 100,297 92,870
Total hotel operating expenses 86,070 73,530 240,773 224,425
Depreciation and amortization 23,594 17,887 62,052 53,715
Corporate general and administrative 4,550 4,388 14,998 14,358
Hotel property acquisition costs 0 527 354 2,809
Loss on impairment of assets 0 577 0 577
Total expenses 114,214 96,909 318,177 295,884
Operating income 22,373 21,427 65,455 67,729
Other income (expense):        
Interest expense (7,768) (6,626) (21,486) (21,232)
Gain on disposal of assets, net 7,725 10,491 43,531 49,997
Other income (expense), net (116) 661 2,847 1,854
Total other income (expense) (159) 4,526 24,892 30,619
Income from continuing operations before income taxes 22,214 25,953 90,347 98,348
Income tax benefit (expense) 231 1,245 (613) (461)
Net income 22,445 27,198 89,734 97,887
Less - Income attributable to non-controlling interests in operating partnership (55) (115) (289) (454)
Net income attributable to Summit Hotel Properties, Inc. 22,390 27,083 89,445 97,433
Preferred dividends (4,200) (4,993) (12,600) (13,287)
Net income attributable to common stockholders $ 18,190 $ 22,090 $ 76,845 $ 84,146
Earnings per share:        
Basic (in dollars per share) $ 0.18 $ 0.25 $ 0.78 $ 0.97
Diluted (in dollars per share) $ 0.17 $ 0.25 $ 0.78 $ 0.96
Weighted average common shares outstanding:        
Basic (in Shares) 103,253 86,492 98,105 86,428
Diluted (in Shares) 103,632 87,401 98,471 87,319