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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Revenues $ 549,348 $ 567,270 $ 515,377
Expenses:      
Property taxes, insurance and other 44,220 43,339 37,419
Depreciation and amortization 99,445 101,013 85,927
Corporate general and administrative 23,622 21,509 19,597
Hotel property acquisition costs 0 0 354
Loss on impairment of assets 2,521 1,075 0
Total expenses 475,360 483,545 431,482
Gain on disposal of assets, net 45,418 41,474 43,209
Operating income 119,406 125,199 127,104
Other income (expense):      
Interest expense (41,030) (41,944) (29,687)
Other income, net 5,472 6,949 3,778
Total other expense (35,558) (34,995) (25,909)
Income from continuing operations before income taxes 83,848 90,204 101,195
Income tax (expense) benefit (Note 14) (1,500) 922 (1,674)
Net income 82,348 91,126 99,521
Operating Partnership (157) (205) (307)
Joint venture (419) 0 0
Net income attributable to Summit Hotel Properties, Inc. 82,610 90,921 99,214
Preferred dividends (14,838) (16,671) (17,408)
Premium on redemption of preferred stock 0 (3,277) (2,572)
Net income attributable to common stockholders $ 67,772 $ 70,973 $ 79,234
Earnings per share:      
Basic and diluted (in dollars per share) $ 0.65 $ 0.68 $ 0.79
Weighted average common shares outstanding:      
Basic (in shares) 103,887 103,623 99,406
Diluted (in shares) 103,939 103,842 99,780
Dividends per share (in dollars per share) $ 0.72 $ 0.72 $ 0.67
Room      
Revenues:      
Revenues $ 505,342 $ 523,439 $ 479,934
Expenses:      
Hotel operating expenses 112,244 119,724 108,715
Food and beverage      
Revenues:      
Revenues 23,785 24,225 21,359
Expenses:      
Hotel operating expenses 18,552 19,191 16,734
Other      
Revenues:      
Revenues 20,221 19,606 14,084
Expenses:      
Hotel operating expenses 158,181 159,173 144,526
Management fees      
Expenses:      
Hotel operating expenses $ 16,575 $ 18,521 $ 18,210