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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 25,436 $ 142,930 $ 133,821 $ 281,882
Expenses:        
Property taxes, insurance and other 11,466 10,695 23,164 22,103
Depreciation and amortization 27,565 23,779 54,644 49,315
Corporate general and administrative 5,315 5,920 9,983 11,910
Provision for credit losses 0 0 2,530 0
Loss on impairment of assets 0 1,685 782 1,685
Total expenses 68,326 119,060 182,048 239,377
(Loss) gain on disposal of assets, net (32) 35,520 (35) 39,686
Operating (loss) income (42,922) 59,390 (48,262) 82,191
Other income (expense):        
Interest expense (10,749) (9,766) (21,761) (20,618)
Other income, net 876 146 2,982 1,447
Total other income (expense) (9,873) (9,620) (18,779) (19,171)
(Loss) income from continuing operations before income taxes (52,795) 49,770 (67,041) 63,020
Income tax benefit (expense) (Note 12) 247 (701) (1,721) (1,051)
Net (loss) income (52,548) 49,069 (68,762) 61,969
Operating Partnership 96 (112) 133 (135)
Joint venture 2,035 0 2,890 0
Net (loss) income attributable to Summit Hotel Properties, Inc. (50,417) 48,957 (65,739) 61,834
Preferred dividends (3,709) (3,709) (7,418) (7,418)
Net (loss) income attributable to common stockholders $ (54,126) $ 45,248 $ (73,157) $ 54,416
(Loss) earnings per share:        
Basic and diluted (in dollars per share) $ (0.52) $ 0.43 $ (0.70) $ 0.52
Weighted average common shares outstanding:        
Basic (in Shares) 104,154 103,896 104,075 103,823
Diluted (in Shares) 104,154 103,937 104,075 103,888
Room        
Revenues:        
Revenues $ 23,828 $ 131,656 $ 122,431 $ 259,756
Expenses:        
Cost of goods and services sold 6,415 28,413 30,988 56,253
Food and beverage        
Revenues:        
Revenues 248 6,134 5,132 12,154
Expenses:        
Cost of goods and services sold 333 4,621 4,370 9,159
Other        
Revenues:        
Revenues 1,360 5,140 6,258 9,972
Expenses:        
Cost of goods and services sold 16,588 39,489 51,871 79,348
Management fees        
Expenses:        
Cost of goods and services sold $ 644 $ 4,458 $ 3,716 $ 9,604