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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenue    
Room revenue $ 239,512 $ 232,559
Food and beverage revenue 26,555 28,993
Other operating department revenue 9,104 8,853
Total revenue 275,171 270,405
Operating expense    
Room expense 55,028 54,086
Food and beverage expense 19,817 20,764
Management and franchise fee expense 28,501 28,042
Other operating expense 60,021 60,581
Total property operating expense 163,367 163,473
Depreciation and amortization 40,730 37,203
Property tax, insurance and other 20,155 20,043
General and administrative 9,649 10,399
Transaction and pursuit costs 79 135
Total operating expense 233,980 231,253
Operating income 41,191 39,152
Other income 302 90
Interest income 397 445
Interest expense (14,892) (13,508)
Income from continuing operations before income tax expense 26,998 26,179
Income tax expense (1,476) (375)
Income from continuing operations 25,522 25,804
(Loss) gain on sale of hotel properties (172) 22,298
Net income 25,350 48,102
Net loss (income) attributable to noncontrolling interests    
Noncontrolling interest in consolidated joint venture 62 69
Noncontrolling interest in the Operating Partnership (114) (321)
Net income attributable to common shareholders $ 25,298 $ 47,850
Basic per common share data:    
Net income per share attributable to common shareholders (in dollars per share) $ 0.20 $ 0.36
Weighted-average number of common shares (in shares) 123,739,823 131,272,611
Diluted per common share data:    
Net income per share attributable to common shareholders (in dollars per share) $ 0.20 $ 0.36
Weighted-average number of common shares (in shares) 124,141,824 132,286,542
Amounts attributable to the Company’s common shareholders:    
Income from continuing operations $ 25,470 $ 25,702
(Loss) gain on sale of hotel properties (172) 22,148
Comprehensive income:    
Unrealized loss on interest rate derivatives (20,248) (9,403)
Comprehensive income 5,102 38,699
Comprehensive loss attributable to the noncontrolling interest in consolidated joint venture 62 69
Comprehensive income attributable to the noncontrolling interest in the Operating Partnership (114) (321)
Comprehensive income attributable to the Company $ 5,050 $ 38,447