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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Revenues $ 142,340 $ 136,587 $ 434,761 $ 383,632
Expenses:        
Property taxes, insurance and other 10,220 10,189 32,250 27,371
Management fees 4,188 4,177 14,928 13,969
Depreciation and amortization 24,941 23,594 75,141 62,052
Corporate general and administrative 4,852 4,550 17,079 14,998
Hotel property acquisition costs 0 0 0 354
Total expenses 120,176 114,214 366,633 318,177
Operating income 22,164 22,373 68,128 65,455
Other income (expense):        
Interest expense (10,848) (7,768) (30,579) (21,486)
Gain on disposal of assets, net 24,826 7,725 42,114 43,531
Other income (expense), net 1,327 (116) 5,586 2,847
Total other income (expense) 15,305 (159) 17,121 24,892
Income from continuing operations before income taxes 37,469 22,214 85,249 90,347
Income tax benefit (expense) (Note 10) 532 231 120 (613)
Net income 38,001 22,445 85,369 89,734
Non-controlling interest in Operating Partnership (100) (55) (204) (289)
Net income attributable to Summit Hotel Properties, Inc. 37,901 22,390 85,165 89,445
Preferred dividends (3,710) (4,200) (12,962) (12,600)
Premium on redemption of preferred stock 0 0 (3,277) 0
Net income attributable to common stockholders $ 34,191 $ 18,190 $ 68,926 $ 76,845
Earnings per share:        
Basic (in dollars per share) $ 0.33 $ 0.18 $ 0.66 $ 0.78
Diluted (in dollars per share) $ 0.33 $ 0.17 $ 0.66 $ 0.78
Weighted average common shares outstanding:        
Basic (in Shares) 103,666 103,253 103,603 98,105
Diluted (in Shares) 103,821 103,632 103,868 98,471
Room        
Revenues:        
Revenues $ 131,429 $ 127,246 $ 401,651 $ 358,110
Expenses:        
Cost of goods and services sold 30,854 28,976 90,972 80,435
Food and beverage        
Revenues:        
Revenues 5,817 5,465 18,663 15,718
Expenses:        
Cost of goods and services sold 4,684 4,444 14,790 12,277
Other        
Revenues:        
Revenues 5,094 3,876 14,447 9,804
Expenses:        
Cost of goods and services sold $ 40,437 $ 38,284 $ 121,473 $ 106,721