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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Hotel operating revenues $ 349,877 $ 265,068 $ 641,528 $ 490,053
Rental income 61,856 73,688 124,068 146,948
FF&E reserve income 589 4,427 1,192 7,602
Total revenue 412,322 343,183 766,788 644,603
Expenses:        
Hotel operating expenses 248,543 193,219 455,192 343,240
Depreciation and amortization 73,598 64,277 145,878 125,640
General and administrative 11,918 11,475 24,062 21,997
Acquisition related costs 1,814 504 2,090 1,564
Loss on asset impairment 2,171   2,171 889
Total expenses 338,044 269,475 629,393 493,330
Operating income 74,278 73,708 137,395 151,273
Interest income 60 51 79 117
Interest expense (including amortization of deferred financing costs and debt discounts of $1,524, $1,376, $3,036 and $2,954, respectively (35,014) (32,714) (70,202) (66,806)
Equity in earnings of an investee 79 76 155 121
Income before income taxes 39,403 41,121 67,427 84,705
Income tax benefit (expense) 5,950 (3,435) 5,432 (4,071)
Net income 45,353 37,686 72,859 80,634
Excess of liquidation preference over carrying value of preferred shares redeemed       (2,944)
Preferred distributions (8,097) (10,722) (16,194) (21,910)
Net income available for common shareholders 37,256 26,964 56,665 55,780
Net income 45,353 37,686 72,859 80,634
Other comprehensive income (loss):        
Unrealized gain on TravelCenters of America common shares 3,429 (3,225) 15,849 2,083
Equity interest in investee's unrealized losses (73) (3) (81) (4)
Other comprehensive income 3,356 (3,228) 15,768 2,079
Comprehensive income $ 48,709 $ 34,458 $ 88,627 $ 82,713
Weighted average common shares outstanding (in shares) 139,743 123,560 132,624 123,541
Basic and diluted earnings per common shares:        
Net income available for common shareholders (in dollars per share) $ 0.27 $ 0.22 $ 0.43 $ 0.45