XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Room rentals and other hotel services $ 13,815 $ 16,364 $ 25,991 $ 28,710
Operating Expenses        
Hotel and property operations 9,571 11,337 18,978 21,325
Depreciation and amortization 1,289 1,257 2,698 2,737
General and administrative 1,277 1,347 2,725 2,732
Acquisition and terminated transactions 53 17 147 17
Total operating expenses 12,190 13,958 24,548 26,811
Operating income 1,625 2,406 1,443 1,899
Net gain (loss) on disposition of assets 8,858 (135) 12,226 (122)
Net gain (loss) on derivatives and convertible debt 162 (4,710) 6,279 113
Other income 23 31 2 126
Interest expense (1,228) (1,490) (2,536) (3,017)
Loss on debt extinguishment (976)   (1,149) (7)
Impairment loss (121) (3,053) (914) (3,830)
Earnings (loss) from continuing operations before income taxes 8,343 (6,951) 15,351 (4,838)
Income tax expense
Earnings (loss) from continuing operations 8,343 (6,951) 15,351 (4,838)
Gain from discontinued operations, net of tax   1,052 679 2,389
Net earnings (loss) 8,343 (5,899) 16,030 (2,449)
Loss (earnings) attributable to noncontrolling interest (178) 284 (567) 3
Net earnings attributable to controlling interests 8,165 (5,615) 15,463 (2,446)
Dividends declared and undeclared and in kind dividends deemed on preferred stock (1,057) (902) (18,797) (1,793)
Net earnings (loss) attributable to common shareholders $ 7,108 $ (6,517) $ (3,334) $ (4,239)
Basic Earnings Per Share (EPS)        
Continuing operations - Basic $ 1.44 $ (1.52) $ (0.81) $ (1.37)
Discontinued operations - Basic   0.20 0.13 0.49
Total - Basic Earnings per Share 1.44 (1.32) (0.68) (0.88)
Diluted Earnings Per Share (EPS)        
Continuing operations - Diluted 0.18 (1.52) (0.81) (1.37)
Discontinued operations - Diluted 0.00 0.20 0.13 0.49
Total - Diluted Earnings per Share $ 0.18 $ (1.32) $ (0.68) $ (0.88)