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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings (loss) $ (3,243) $ 6,377
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 7,161 7,126
Net gain on disposition of assets (9) (5,587)
Net (gain) loss on derivatives and convertible debt 916 (719)
Equity in earnings of joint venture (595) (251)
Distributions from cumulative earnings of joint venture 170 187
Amortization of deferred financing costs 981 1,080
Impairment recovery, net   (93)
Stock-based compensation expense 901 912
Provision for deferred taxes 613 294
Changes in operating assets and liabilities:    
(Increase) decrease in assets 477 (623)
Increase in liabilities 2,233 532
Net cash provided by operating activities 9,605 9,235
Cash flows from investing activities:    
Additions to hotel properties (1,229) (1,527)
Distributions in excess of cumulative earnings from joint venture 1,643 1,173
Hotel acquisitions   (35,643)
Net proceeds from sale of hotel assets 4,186 19,690
Net cash provided by (used in) investing activities 4,600 (16,307)
Cash flows from financing activities:    
Deferred financing costs (415) (147)
Proceeds from long-term debt 1,500 35,318
Principal payments on long-term debt (4,979) (19,930)
Proceeds from common stock issuance   260
Redemption of common units (42) (160)
Tax withholdings on stock compensation (181) (190)
Cash dividends paid to common shareholders (6,965) (6,941)
Cash dividends paid to common unit holders (34) (54)
Cash dividends paid to preferred shareholders (289) (434)
Other items (4)  
Net cash provided by (used in) financing activities (11,409) 7,722
Increase in cash, cash equivalents, and restricted cash 2,796 650
Cash, cash equivalents, and restricted cash beginning of period 9,156 10,335
Cash, cash equivalents, and restricted cash end of period 11,952 10,985
Supplemental cash flow information:    
Interest paid 5,197 5,052
Income taxes paid, net of refunds $ 67 66
Schedule of noncash investing and financing activities:    
Fair value of operating partnership common units issued in acquisitions   $ 50