XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Room rentals and other hotel services $ 13,519 $ 15,895 $ 40,177 $ 45,320
Operating Expenses        
Hotel and property operations 9,452 11,076 29,052 32,971
Depreciation and amortization 1,398 1,099 4,096 3,836
General and administrative 1,367 1,451 4,092 4,183
Acquisition and terminated transactions 228 177 375 194
Terminated equity transactions   180   180
Total operating expenses 12,445 13,983 37,615 41,364
Operating income 1,074 1,912 2,562 3,956
Net gain on disposition of assets 3,591 2,927 15,814 2,801
Equity in loss of joint venture (54)   (54)  
Net gain on derivatives and convertible debt 26 7,895 6,305 8,008
Other income (expense) 85 (4) 87 122
Interest expense (1,127) (1,137) (3,704) (4,194)
Loss on debt extinguishment (399) (104) (1,548) (111)
Impairment recovery (loss) (343) 313 (1,257) (3,517)
Earnings from continuing operations before income taxes 2,853 11,802 18,205 7,065
Income tax expense
Earnings from continuing operations 2,853 11,802 18,205 7,065
Gain from discontinued operations, net of tax   152 678 2,440
Net earnings 2,853 11,954 18,883 9,505
Earnings attributable to noncontrolling interest (61) (724) (628) (721)
Net earnings attributable to controlling interests 2,792 11,230 18,255 8,784
Dividends declared and undeclared and in kind dividends deemed on preferred stock (976) (914) (19,773) (2,707)
Net earnings (loss) attributable to common shareholders $ 1,816 $ 10,316 $ (1,518) $ 6,077
Earnings per Share        
Continuing operations - Basic $ 0.37 $ 2.06 $ (0.44) $ 0.79
Discontinued operations - Basic   0.03 0.13 0.46
Total - Basic Earnings per Share 0.37 2.09 (0.31) 1.25
Continuing operations - Diluted 0.06 0.12 (0.44) (0.11)
Discontinued operations - Diluted   0.01 0.13 0.09
Total - Diluted Earnings per Share $ 0.06 $ 0.13 $ (0.31) $ (0.02)