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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Revenues $ 567,270 $ 515,377 $ 473,935
Expenses:      
Property taxes, insurance and other 43,339 37,419 30,250
Depreciation and amortization 101,013 85,927 72,406
Corporate general and administrative 21,509 19,597 19,292
Hotel property acquisition costs 0 354 3,492
Loss on impairment of assets 1,075 0 577
Total expenses 483,545 431,482 391,448
Gain on disposal of assets, net 41,474 43,209 49,855
Operating income 125,199 127,104 132,342
Other income (expense):      
Interest expense (41,944) (29,687) (28,091)
Other income, net 6,949 3,778 2,560
Total other expense (34,995) (25,909) (25,531)
Income from continuing operations before income taxes 90,204 101,195 106,811
Income tax benefit (expense) (Note 13) 922 (1,674) 1,450
Net income 91,126 99,521 108,261
Non-controlling interest in Operating Partnership (205) (307) (456)
Net income attributable to Summit Hotel Properties, Inc. 90,921 99,214 107,805
Preferred dividends (16,671) (17,408) (18,232)
Premium on redemption of preferred stock (3,277) (2,572) (2,125)
Net income attributable to common stockholders $ 70,973 $ 79,234 $ 87,448
Earnings per share:      
Basic and diluted (in dollars per share) $ 0.68 $ 0.79 $ 1.00
Weighted average common shares outstanding:      
Basic (in shares) 103,623 99,406 86,874
Diluted (in shares) 103,842 99,780 87,343
Dividends per share (in dollars per share) $ 0.72 $ 0.67 $ 0.55
Room      
Revenues:      
Revenues $ 523,439 $ 479,934 $ 443,270
Expenses:      
Hotel operating expenses 119,724 108,715 97,358
Food and beverage      
Revenues:      
Revenues 24,773 21,919 19,777
Expenses:      
Hotel operating expenses 19,447 17,002 14,841
Other      
Revenues:      
Revenues 19,058 13,524 10,888
Expenses:      
Hotel operating expenses 158,917 144,258 134,420
Management fees      
Expenses:      
Hotel operating expenses $ 18,521 $ 18,210 $ 18,812