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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenues $ 133,685 $ 142,340 $ 415,567 $ 434,761
Expenses:        
Property taxes, insurance and other 10,696 10,220 32,799 32,250
Depreciation and amortization 23,202 24,941 72,517 75,141
Corporate general and administrative 5,532 4,852 17,442 17,079
Loss on impairment of assets 0 0 1,685 0
Total expenses 114,410 120,176 353,787 366,633
(Loss) gain on disposal of assets, net (31) 24,826 39,655 42,114
Operating income 19,244 46,990 101,435 110,242
Other income (expense):        
Interest expense (9,450) (10,848) (30,068) (30,579)
Other income, net 1,808 1,327 3,255 5,586
Total other income (expense) (7,642) (9,521) (26,813) (24,993)
Income from continuing operations before income taxes 11,602 37,469 74,622 85,249
Income tax benefit (expense) (Note 12) 24 532 (1,027) 120
Net income 11,626 38,001 73,595 85,369
Operating Partnership (15) (100) (150) (204)
Joint venture (77) 0 (77) 0
Net income attributable to Summit Hotel Properties, Inc. 11,534 37,901 73,368 85,165
Preferred dividends (3,710) (3,710) (11,128) (12,962)
Premium on redemption of preferred stock 0 0 0 (3,277)
Net income attributable to common stockholders $ 7,824 $ 34,191 $ 62,240 $ 68,926
Earnings per share:        
Basic and diluted (in dollars per share) $ 0.07 $ 0.33 $ 0.60 $ 0.66
Weighted average common shares outstanding:        
Basic (in Shares) 103,935 103,666 103,861 103,603
Diluted (in Shares) 103,970 103,821 103,916 103,868
Room        
Revenues:        
Revenues $ 123,112 $ 131,429 $ 382,868 $ 401,651
Expenses:        
Cost of goods and services sold 27,898 30,854 84,151 90,972
Food and beverage        
Revenues:        
Revenues 5,540 5,817 17,982 18,663
Expenses:        
Cost of goods and services sold 4,493 4,684 13,781 14,790
Other        
Revenues:        
Revenues 5,033 5,094 14,717 14,447
Expenses:        
Cost of goods and services sold 38,913 40,437 118,132 121,473
Management fees        
Expenses:        
Cost of goods and services sold $ 3,676 $ 4,188 $ 13,280 $ 14,928