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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net earnings (loss) $ 792 $ (2,400)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 2,259 1,051
Net loss on disposition of assets 24 3
Net gain on derivatives and convertible debt (447) (175)
Equity in earnings of joint venture (229) (111)
Amortization of deferred financing costs 353 136
Loss on extinguishment of debt   800
Impairment (recovery) loss, net (93) 271
Stock-based compensation and long-term incentive plan expense 402 77
Warrant issuance costs   289
Provision for deferred taxes 122  
Changes in operating assets and liabilities:    
(Increase) decrease in assets (31) 693
Increase (decrease) in liabilities (217) 991
Net cash provided by operating activities 2,935 1,625
Cash flows from investing activities:    
Additions to hotel properties (661) (870)
Deposit on hotel property and franchise fees   (188)
Distributions in excess of cumulative earnings from joint venture 360 400
Hotel acquisitions (35,623) (54,602)
Net proceeds from sale of hotel assets 7,875 6,508
Net cash used in investing activities (28,049) (48,752)
Cash flows from financing activities:    
Deferred financing costs (150) (2,554)
Proceeds from long-term debt 34,818 89,000
Principal payments on long-term debt (7,770) (76,405)
Debt early extinguishment penalties   (454)
Proceeds from common stock issuance 103 45,916
Fractional common shares settled in reverse stock split   (1)
Series E Preferred Stock issuance costs   (1,004)
Tax withholdings on stock compensation (161)  
Cash dividends paid to common shareholders (2,308) (149)
Cash dividends paid to common unit holders (17)  
Cash dividends paid to preferred shareholders (144) (1,676)
Other items   (59)
Net cash provided by financing activities 24,371 52,614
Increase (decrease) in cash, cash equivalents, and restricted cash (743) 5,487
Cash, cash equivalents, and restricted cash beginning of period 10,335 13,676
Cash, cash equivalents, and restricted cash end of period 9,592 19,163
Supplemental cash flow information:    
Interest paid 1,515 798
Income taxes paid, net of refunds 22 88
Schedule of noncash investing and financing activities:    
Fair value of operating partnership common units issued in acquisitions $ 50 148
In kind dividends deemed on preferred stock   $ 9,900