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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net earnings $ 18,883 $ 9,505
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization expense 4,096 3,836
Net gain on disposition of assets (16,495) (4,466)
Net gain on derivatives and convertible debt (6,305) (8,008)
Equity in loss of joint venture 54  
Amortization of deferred financing costs 492 600
Loss on extinguishment of debt 1,548 111
Impairment loss 1,257 3,397
Stock-based compensation and long term incentive plan expense 228 202
Amortization of warrant issuance cost 12 43
Changes in operating assets and liabilities:    
(Increase) decrease in assets (687) 16
Increase in liabilities 1,038 887
Net cash provided by operating activities 4,121 6,123
Cash flows from investing activities:    
Additions to hotel properties (2,784) (2,912)
Investment in joint venture (9,280)  
Deposits for franchise fees and hotel acquisitions (288) (370)
Proceeds from sale of hotel assets 33,374 39,828
Net changes in capital expenditure escrows 709 (206)
Net cash provided by investing activities 21,731 36,340
Cash flows from financing activities:    
Deferred financing costs (29) (512)
Principal payments on long-term debt (23,026) (30,854)
Proceeds from long-term debt   8,300
Payments on revolving debt (10,238) (30,796)
Proceeds from revolving debt 10,131 25,803
Debt early extinguishment penalties (1,268)  
Series D Preferred Stock issuance 28,884  
Series A and B Preferred Stock redemption, including accumulated dividends (20,167)  
Cash dividends paid to common shareholders (49)  
Cash dividends paid to Series C and D Preferred Shareholders (3,598)  
Proceeds from common stock issued in rights offering   346
Other items (7)  
Net cash used in financing activities (19,367) (27,713)
Increase in cash and cash equivalents 6,485 14,750
Cash and cash equivalents, beginning of period 4,870 173
Cash and cash equivalents, end of period 11,355 14,923
Supplemental cash flow information:    
Interest paid 3,312 $ 3,941
Schedule of noncash investing and financing activities:    
In kind dividends deemed on preferred stock $ 20,218