Net Income Per Share

12 Months Ended

Dec. 31, 2016

Entity Information [Line Items]

Net Income Per Share

NET INCOME PER SHARE

Basic net income per share is computed by dividing net income available to common shareholders by the weighted-average number of shares of the Corporation’s unrestricted common stock outstanding. Diluted net income per share is computed by dividing net income available to common shareholders, as adjusted for potentially dilutive securities, by the weighted-average number of shares of the Corporation’s unrestricted common stock outstanding plus potentially dilutive securities. Dilutive securities include certain equity-based awards issued under long-term incentive plans (see Note 14) and are included in the calculation, provided that the inclusion of such securities is not anti-dilutive.

The calculations of basic and diluted net income per share, including a reconciliation of the numerators and denominators, are as follows (in thousands, except per share data):

	Year Ended December 31, 2016			Year Ended December 31, 2015			Year Ended December 31, 2014
Numerator:
Net income available to Extended Stay America, Inc. common shareholders - basic	$	69,932		$	113,040		$	39,596
Less amounts available to noncontrolling interests assuming conversion	(43		)	(152		)	(315		)
Net income available to Extended Stay America, Inc. common shareholders - diluted	$	69,889		$	112,888		$	39,281
Denominator:
Weighted-average number of Extended Stay America, Inc. common shares outstanding - basic	200,572			204,211			203,548
Dilutive securities	164			356			960
Weighted-average number of Extended Stay America, Inc. common shares outstanding - diluted	200,736			204,567			204,508
Net income per Extended Stay America, Inc. common share - basic	$	0.35		$	0.55		$	0.19
Net income per Extended Stay America, Inc. common share - diluted	$	0.35		$	0.55		$	0.19

ESH REIT [Member]

Entity Information [Line Items]

Net Income Per Share

NET INCOME PER SHARE

Basic net income per share is computed by dividing net income available to Class A and Class B common shareholders by the weighted-average number of shares of ESH REIT’s unrestricted Class A and Class B common stock outstanding, respectively. Diluted net income per share is computed by dividing net income available to Class A and Class B common shareholders, as adjusted for potentially dilutive securities, by the weighted-average number of shares of ESH REIT’s unrestricted Class A and Class B common stock outstanding, respectively, plus potentially dilutive securities. Dilutive securities include certain equity-based awards issued under long-term incentive plans (see Note 13) and are included in the calculation, provided that the inclusion of such securities is not anti-dilutive.

The calculations of basic and diluted net income per share, including a reconciliation of the numerators and denominators, are as follows (in thousands, except per share data):

	Year Ended December 31, 2016			Year Ended December 31, 2015			Year Ended December 31, 2014
Numerator:
Net income	$	212,207		$	378,184		$	247,094
Less preferred dividends	(16		)	(16		)	—
Net income available to ESH Hospitality, Inc. common shareholders	$	212,191		$	378,168		$	247,094
Class A:
Net income available to ESH Hospitality, Inc. Class A common shareholders - basic	$	118,787		$	208,202		$	136,152
Less amounts available to ESH Hospitality, Inc. Class B shareholders assuming conversion	(43		)	(152		)	(315		)
Net income available to ESH Hospitality, Inc. Class A common shareholders - diluted	$	118,744		$	208,050		$	135,837
Class B:
Net income available to ESH Hospitality, Inc. Class B common shareholders - basic	$	93,404		$	169,966		$	110,942
Amounts available to ESH Hospitality, Inc. Class B shareholders assuming conversion	43			152			315
Net income available to ESH Hospitality, Inc. Class B common shareholders - diluted	$	93,447		$	170,118		$	111,257
Denominator:
Class A:
Weighted-average number of ESH Hospitality, Inc. Class A common shares outstanding - basic and diluted	250,494			250,451			250,300
Class B:
Weighted-average number of ESH Hospitality, Inc. Class B common shares outstanding - basic	200,572			204,211			203,548
Dilutive securities	164			356			960
Weighted-average number of ESH Hospitality, Inc. Class B common shares outstanding - diluted	200,736			204,567			204,508
Net income per ESH Hospitality, Inc. common share - Class A - basic	$	0.47		$	0.83		$	0.54
Net income per ESH Hospitality, Inc. common share - Class A - diluted	$	0.47		$	0.83		$	0.54
Net income per ESH Hospitality, Inc. common share - Class B - basic	$	0.47		$	0.83		$	0.55
Net income per ESH Hospitality, Inc. common share - Class B - diluted	$	0.47		$	0.83		$	0.54