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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Room rentals and other hotel services $ 16,177 $ 17,834 $ 32,080 $ 34,513
Operating Expenses        
Hotel and property operations 9,755 10,756 19,548 21,170
Depreciation and amortization 2,394 2,444 4,756 4,703
General and administrative 1,572 1,605 3,235 3,474
Acquisition and terminated transactions 7 71 14 90
Equity transaction and strategic alternatives 834   834  
Total operating expenses 14,562 14,876 28,387 29,437
Operating income 1,615 2,958 3,693 5,076
Net gain (loss) on disposition of assets (16) 1,895 23 1,871
Equity in earnings of joint venture 166 63 679 292
Net gain (loss) on derivatives and convertible debt (456) 156 (693) 603
Other expense, net (24) (20) (53) (34)
Interest expense (2,094) (2,091) (4,257) (4,019)
Impairment recovery, net       93
Earnings (loss) before income taxes (809) 2,961 (608) 3,882
Income tax expense (461) (54) (647) (183)
Net earnings (loss) (1,270) 2,907 (1,255) 3,699
Loss (earnings) attributable to noncontrolling interest 6 (21) 7 (27)
Net earnings (loss) attributable to controlling interests (1,264) 2,886 (1,248) 3,672
Dividends declared on preferred stock (144) (145) (289) (289)
Net earnings (loss) attributable to common shareholders $ (1,408) $ 2,741 $ (1,537) $ 3,383
Earnings (Loss) per Share        
Total - Basic Earnings (Loss) per Share $ (0.12) $ 0.23 $ (0.13) $ 0.28
Total - Diluted Earnings (Loss) per Share $ (0.12) $ 0.23 $ (0.13) $ 0.28