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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net earnings (loss) $ (5,067) $ 5,170 $ 2,901
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization expense 9,568 9,475 6,898
Net gain on disposition of assets 36 (5,570) (6,807)
Net gain on derivatives and convertible debt 1,071 (317) (436)
Equity in (earnings) loss of joint venture (190) 218 (190)
Distributions from cumulative earnings of joint venture 170 187 51
Amortization of deferred financing costs 1,267 1,443 1,066
Loss on extinguishment of debt     967
Impairment (recovery) loss, net   (93) 2,151
Stock-based compensation and long-term incentive plan expense 1,026 974 1,237
Warrant issuance cost     289
Provision for deferred taxes 821 260 (660)
Changes in operating assets and liabilities:      
(Increase) decrease in assets 1,172 582 (350)
Increase (decrease) in liabilities (622) (1,665) 2,500
Net cash provided by operating activities 9,252 10,664 9,617
Cash flows from investing activities:      
Additions to hotel properties (1,475) (1,982) (2,814)
Deposit on hotel property and franchise fees     (810)
Distributions in excess of cumulative earnings from joint venture 1,643 1,475 1,428
Hotel acquisitions   (35,643) (122,269)
Net proceeds from sale of hotel assets 4,191 19,696 27,630
Net cash provided by (used in) investing activities 4,359 (16,454) (96,835)
Cash flows from financing activities:      
Deferred financing costs (415) (147) (4,404)
Proceeds from long-term debt 1,500 35,318 174,000
Principal payments on long-term debt (5,281) (20,265) (122,400)
Debt early extinguishment penalties     (454)
Proceeds from common stock issuance   260 47,468
Series E Preferred Stock issuance costs     (1,210)
Redemption of common units (42) (298)  
Tax withholdings on stock compensation (356) (205)  
Cash dividends paid to common shareholders (9,304) (9,257) (6,944)
Cash dividends paid to common unit holders (36) (72)  
Cash dividends paid to preferred shareholders (434) (723) (1,965)
Contingent consideration paid subsequent to acquisition     (155)
Other items (4)   (59)
Net cash provided by (used in) financing activities (14,372) 4,611 83,877
Decrease in cash, cash equivalents, and restricted cash (761) (1,179) (3,341)
Cash, cash equivalents, and restricted cash beginning of period 9,156 10,335 13,676
Cash, cash equivalents, and restricted cash end of period 8,395 9,156 10,335
Supplemental cash flow information:      
Interest paid, net of amounts capitalized 6,732 6,091 3,885
Income taxes paid 307 42 203
Schedule of noncash investing and financing activities:      
Debt assumed in acquisitions     9,096
Fair value of operating partnership common units issued in acquisitions   $ 50 435
Fair value of operating partnership common units converted to common stock $ 595    
In kind dividends deemed on preferred stock     $ 9,900