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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating revenue    
Room revenue $ 224,965 $ 239,512
Food and beverage revenue 26,691 26,555
Other operating department revenue 8,576 9,104
Total revenue 260,232 275,171
Operating expense    
Room expense 51,922 55,028
Food and beverage expense 19,297 19,817
Management and franchise fee expense 26,913 28,501
Other operating expense 57,823 60,021
Total property operating expense 155,955 163,367
Depreciation and amortization 38,665 40,730
Property tax, insurance and other 19,158 20,155
General and administrative 9,123 9,649
Transaction and pursuit costs 625 79
Total operating expense 223,526 233,980
Operating income 36,706 41,191
Other Nonoperating Income (Expense) 140 302
Interest income 485 397
Interest expense (14,328) (14,892)
Income before income tax expense 23,003 26,998
Income tax expense (1,166) (1,476)
Income from operations 21,837 25,522
Loss on sale of hotel properties (60) (172)
Net income 21,777 25,350
Net loss (income) attributable to noncontrolling interests    
Noncontrolling interest in consolidated joint venture 66 62
Noncontrolling interest in the Operating Partnership (85) (114)
Net income attributable to common shareholders $ 21,758 $ 25,298
Basic per common share data:    
Net income per share attributable to common shareholders (in dollars per share) $ 0.17 $ 0.20
Weighted-average number of common shares (in shares) 123,734,173 123,739,823
Diluted per common share data:    
Net income per share attributable to common shareholders (in dollars per share) $ 0.17 $ 0.20
Weighted-average number of common shares (in shares) 123,841,400 124,141,824
Amounts attributable to the Company’s common shareholders:    
Income from operations $ 21,818 $ 25,470
Loss on sale of hotel properties (60) (172)
Comprehensive income:    
Unrealized gain (loss) on interest rate derivatives 5,548 (20,248)
Comprehensive income 27,325 5,102
Comprehensive loss attributable to the noncontrolling interest in consolidated joint venture 66 62
Comprehensive income attributable to the noncontrolling interest in the Operating Partnership (85) (114)
Comprehensive income attributable to the Company $ 27,306 $ 5,050