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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Room rentals and other hotel services $ 14,252 $ 14,155 $ 24,613 $ 26,658
Operating Expenses        
Hotel and property operations 9,224 9,889 16,837 19,600
Depreciation and amortization 1,769 1,289 2,820 2,698
General and administrative 1,511 1,277 3,003 2,725
Acquisition and terminated transactions 215 53 717 147
Equity transactions     343  
Total operating expenses 12,719 12,508 23,720 25,170
Operating income 1,533 1,647 893 1,488
Net gain on disposition of assets 4,852 8,856 4,849 12,223
Equity in earnings of joint venture 25   136  
Net gain on derivatives and convertible debt 227 162 402 6,279
Other income (expense), net (39) 23 (40) 2
Interest expense (1,092) (1,248) (2,063) (2,577)
Loss on debt extinguishment   (976) (800) (1,149)
Impairment loss, net (479) (121) (750) (914)
Earnings from continuing operations before income taxes 5,027 8,343 2,627 15,352
Income tax expense 35 35
Earnings from continuing operations 4,992 8,343 2,592 15,352
Gain from discontinued operations, net of tax       678
Net earnings 4,992 8,343 2,592 16,030
Earnings attributable to noncontrolling interest (67) (178) (17) (567)
Net earnings attributable to controlling interests 4,925 8,165 2,575 15,463
Dividends declared and undeclared and in kind dividends deemed on preferred stock (271) (1,057) (11,874) (18,797)
Net earnings (loss) attributable to common shareholders $ 4,654 $ 7,108 $ (9,299) $ (3,334)
Earnings per Share        
Continuing operations - Basic $ 0.40 $ 9.36 $ (1.28) $ (5.25)
Discontinued operations - Basic       0.86
Total - Basic Earnings per Share 0.40 9.36 (1.28) (4.39)
Continuing operations - Diluted 0.37 1.17 (1.28) (5.25)
Discontinued operations - Diluted       0.86
Total - Diluted Earnings per Share $ 0.37 $ 1.17 $ (1.28) $ (4.39)