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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Total revenues $ 399,267 $ 429,593
Expenses    
Management and franchise fee expense 34,118 35,676
Depreciation and amortization 58,403 61,408
Property tax, insurance and other 30,597 34,499
General and administrative 11,160 10,913
Transaction costs 559 1,672
Total operating expenses 350,352 381,523
Other income 274 1,093
Interest income 1,171 1,230
Interest expense (20,062) (28,701)
Gain (loss) on sale of hotel properties, net 0 (3,734)
Gain (Loss) on Extinguishment of Debt 0 7,659
Income before equity in loss from unconsolidated joint ventures 30,298 25,617
Income (Loss) from Equity Method Investments (381) (381)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 29,917 25,236
Income tax expense (1,586) (1,342)
Net income 28,331 23,894
Net loss (income) attributable to noncontrolling interests:    
Noncontrolling interest in consolidated joint ventures 353 234
Noncontrolling interest in the Operating Partnership (92) (73)
Preferred distributions - consolidated joint venture (186) (366)
Redemption of preferred equity - consolidated joint venture (1,153) 0
Net Income (Loss) Attributable to Parent 27,253 23,689
Preferred dividends (6,279) (6,279)
Net income attributable to common shareholders $ 20,974 $ 17,410
Basic per common share data:    
Net income per share attributable to common shareholders - basic (in dollars per share) $ 0.12 $ 0.10
Weighted-average number of common shares - basic (in shares) 172,796,998 174,193,671
Diluted per common share data:    
Net income per share attributable to common shareholders - diluted (in dollars per share) $ 0.12 $ 0.10
Weighted-average number of common shares - diluted (in shares) 172,856,230 174,268,815
Comprehensive income:    
Unrealized (loss) gain on interest rate derivatives $ (14,136) $ 17,857
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net (2,250) 0
Comprehensive income 11,945 41,751
Noncontrolling interest in consolidated joint ventures 353 234
Noncontrolling interest in the Operating Partnership (92) (73)
Comprehensive income attributable to RLJ 10,867 41,546
Occupancy [Member]    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 337,670 357,645
Expenses    
Cost of Goods and Services Sold 84,188 89,969
Food and Beverage [Member]    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 44,246 52,195
Expenses    
Cost of Goods and Services Sold 34,209 41,263
Hotel, Other [Member]    
Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 17,351 19,753
Expenses    
Cost of Goods and Services Sold 97,118 106,123
Hotel [Member]    
Expenses    
Cost of Goods and Services Sold 249,633 273,031
AOCI Attributable to Parent [Member]    
Comprehensive income:    
Unrealized (loss) gain on interest rate derivatives (14,136) $ 17,857
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net $ (2,250)