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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Room rentals and other hotel services $ 17,834 $ 14,252 $ 34,513 $ 24,613
Operating Expenses        
Hotel and property operations 10,756 9,224 21,170 16,837
Depreciation and amortization 2,444 1,769 4,703 2,820
General and administrative 1,605 1,511 3,474 3,003
Acquisition and terminated transactions 71 215 90 717
Equity transactions       343
Total operating expenses 14,876 12,719 29,437 23,720
Operating income 2,958 1,533 5,076 893
Net gain on disposition of assets 1,895 4,852 1,871 4,849
Equity in earnings of joint venture 63 25 292 136
Net gain on derivatives and convertible debt 156 227 603 402
Other expense, net (20) (39) (34) (40)
Interest expense (2,091) (1,092) (4,019) (2,063)
Loss on debt extinguishment       (800)
Impairment (loss) recovery, net   (479) 93 (750)
Earnings before income taxes 2,961 5,027 3,882 2,627
Income tax expense (54) (35) (183) (35)
Net earnings 2,907 4,992 3,699 2,592
Earnings attributable to noncontrolling interest (21) (67) (27) (17)
Net earnings attributable to controlling interests 2,886 4,925 3,672 2,575
Dividends declared and in kind dividends deemed on preferred stock (145) (271) (289) (11,874)
Net earnings (loss) attributable to common shareholders $ 2,741 $ 4,654 $ 3,383 $ (9,299)
Earnings per Share        
Total - Basic Earnings (Loss) per Share $ 0.23 $ 0.40 $ 0.28 $ (1.28)
Total - Diluted Earnings (Loss) per Share $ 0.23 $ 0.37 $ 0.28 $ (1.28)