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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES        
Room rentals and other hotel services $ 15,556 $ 16,902 $ 44,266 $ 44,251
EXPENSES        
Hotel and property operations 10,774 12,009 32,099 32,933
Depreciation and amortization 1,099 1,624 3,836 4,844
General and administrative 1,451 912 4,183 2,989
Acquisition expense 177 0 194 0
Terminated equity transactions 180 11 180 76
Total expenses 13,681 14,556 40,492 40,842
EARNINGS BEFORE NET GAIN ON DISPOSITIONS OF ASSETS, OTHER INCOME, INTEREST EXPENSE AND INCOME TAXES 1,875 2,346 3,774 3,409
Gain on dispositions of assets 2,928 63 2,806 36
Unrealized derivative gain (loss) 7,895 (4,615) 8,008 (14,218)
Other income (4) (12) 122 113
Interest expense (1,118) (1,774) (4,135) (5,321)
Loss on debt extinguishment (104) (37) (111) (141)
Impairment loss 313 0 (3,517) 119
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 11,785 (4,029) 6,947 (16,003)
Income tax expense 0 0 0 0
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 11,785 (4,029) 6,947 (16,003)
Gain from discontinued operations, net of tax 169 1,628 2,558 2,639
NET EARNINGS (LOSS) 11,954 (2,401) 9,505 (13,364)
Loss (earnings) attributable to noncontrolling interest (724) 3 (721) 19
NET EARNINGS (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS 11,230 (2,398) 8,784 (13,345)
Preferred stock dividends - undeclared (914) (868) (2,707) (2,572)
NET EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 10,316 $ (3,266) $ 6,077 $ (15,917)
NET EARNINGS (LOSS) PER COMMON SHARE—BASIC AND DILUTED        
EPS from continuing operations - basic and diluted $ 2.06 $ (1.04) $ 0.78 $ (5.11)
EPS from discontinued operations - basic and diluted 0.03 0.35 0.47 0.73
EPS Basic - Total 2.09 (0.69) 1.25 (4.38)
EPS Diluted - Total $ 0.13 $ (0.69) $ (0.02) $ (4.38)
AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS        
Earnings (loss) from continuing operations, net of tax $ 10,158 $ (4,894) $ 3,790 $ (18,556)
Gain from discontinued operations, net of tax 158 1,628 2,287 2,639
Net earnings (loss) attributable to common shareholders $ 10,316 $ (3,266) $ 6,077 $ (15,917)