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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Room rentals and other hotel services $ 16,364 $ 16,059 $ 28,710 $ 27,349
EXPENSES        
Hotel and property operations 11,337 11,102 21,325 20,924
Depreciation and amortization 1,257 1,617 2,737 3,219
General and administrative 1,347 1,092 2,732 2,077
Acquisition expense 17 0 17 0
Terminated equity transactions 0 (3) 0 65
Total expenses 13,958 13,808 26,811 26,285
EARNINGS BEFORE NET LOSS ON DISPOSITIONS OF ASSETS, OTHER INCOME, INTEREST EXPENSE AND INCOME TAXES 2,406 2,251 1,899 1,064
Net loss on dispositions of assets (135) (1) (122) (27)
Unrealized derivative gain (loss) (4,710) (11,718) 113 (9,603)
Other income 31 94 126 125
Interest expense (1,490) (1,819) (3,017) (3,548)
Loss on debt extinguishment 0 (94) (7) (104)
Impairment (loss) recovery (3,053) 0 (3,830) 119
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (6,951) (11,287) (4,838) (11,974)
Income tax expense 0 0 0 0
LOSS FROM CONTINUING OPERATIONS (6,951) (11,287) (4,838) (11,974)
Gain from discontinued operations, net of tax 1,052 829 2,389 1,011
NET LOSS (5,899) (10,458) (2,449) (10,963)
Loss (earnings) attributable to noncontrolling interest 284 15 3 16
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS (5,615) (10,443) (2,446) (10,947)
Preferred stock dividends - undeclared (902) (858) (1,793) (1,704)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (6,517) $ (11,301) $ (4,239) $ (12,651)
NET EARNINGS (LOSS) PER COMMON SHARE—BASIC AND DILUTED        
EPS from continuing operations - Basic $ (1.52) $ (3.69) $ (1.37) $ (4.42)
EPS from discontinued operations - Basic 0.20 0.25 0.49 0.33
EPS Basic - Total $ (1.32) $ (3.44) $ (0.88) $ (4.09)
AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS        
Income from continuing operations, net of tax $ (7,525) $ (12,129) $ (6,626) $ (13,661)
Discontinued operations, net of tax 1,008 828 2,387 1,010
Net loss attributable to common shareholders $ (6,517) $ (11,301) $ (4,239) $ (12,651)