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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 675,695 $ 361,926 $ 234,463
Expenses:      
Property taxes, insurance and other 49,921 41,350 44,691
Depreciation and amortization 150,160 105,955 109,619
Corporate general and administrative 30,765 29,428 20,985
Transaction costs 749 3,849 0
(Recoveries of) provision for credit losses (1,100) (2,632) 4,821
Loss on write-down or impairment of assets 10,420 4,361 1,759
Total expenses 628,228 395,432 343,857
Gain (loss) on disposal of assets, net 20,315 240 (16)
Operating income (loss) 67,782 (33,266) (109,410)
Other income (expense):      
Interest expense (65,581) (43,368) (43,300)
Other income, net 2,627 9,523 4,841
Total other expense (62,954) (33,845) (38,459)
Income (loss) from continuing operations before income taxes 4,828 (67,111) (147,869)
Income tax expense (Note 14) (3,611) (1,473) (1,376)
Net income (loss) 1,217 (68,584) (149,245)
Less - Loss attributable to non-controlling interests 249 3,011 5,906
Net income (loss) attributable to Summit Hotel Properties, Inc. before preferred dividends and distributions 1,466 (65,573) (143,339)
Less - Distributions to and accretion of redeemable non-controlling interests (2,520) 0 0
Less - Preferred dividends (15,875) (15,431) (14,838)
Premium on redemption of preferred stock 0 (2,710) 0
Net loss attributable to common stockholders, basic (16,929) (83,714) (158,177)
Net loss attributable to common stockholders, diluted $ (16,929) $ (83,714) $ (158,177)
Loss per share:      
Basic (in shares) $ (0.16) $ (0.80) $ (1.52)
Diluted (in shares) $ (0.16) $ (0.80) $ (1.52)
Weighted average common shares outstanding:      
Basic (in shares) 105,142 104,471 104,141
Diluted (in shares) 105,142 104,471 104,141
Dividends per common share (in dollars per share) $ 0.08 $ 0 $ 0.18
Room      
Revenues:      
Total revenues $ 609,370 $ 334,338 $ 215,506
Expenses:      
Cost of goods and services sold 136,999 74,781 53,784
Food and beverage      
Revenues:      
Total revenues 32,117 7,299 6,444
Expenses:      
Cost of goods and services sold 24,897 4,856 5,416
Other      
Revenues:      
Total revenues 34,208 20,289 12,513
Expenses:      
Cost of goods and services sold 207,975 123,626 96,506
Management fees      
Expenses:      
Cost of goods and services sold $ 17,442 $ 9,858 $ 6,276