2015 Q4 Form 10-Q Financial Statement

#000123258215000155 Filed on November 09, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $352.9M $364.5M $190.4M
YoY Change 85.37% 80.94% -8.98%
Cost Of Revenue $247.9M $250.1M $131.3M
YoY Change 88.8% 80.84% -9.88%
Gross Profit $105.0M $114.5M $56.90M
YoY Change 84.53% 81.46% -7.18%
Gross Profit Margin 29.76% 31.41% 29.89%
Selling, General & Admin $13.80M $14.60M $14.50M
YoY Change -4.83% -3.31% 43.56%
% of Gross Profit 13.14% 12.75% 25.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $61.20M $58.70M $29.60M
YoY Change 106.76% 105.96% -1.0%
% of Gross Profit 58.29% 51.27% 52.02%
Operating Expenses $74.90M $73.20M $43.90M
YoY Change 70.62% 68.28% 10.58%
Operating Profit $29.73M $40.88M $13.57M
YoY Change 119.14% 112.18% -39.27%
Interest Expense -$52.20M -$59.00M -$29.80M
YoY Change 75.17% 100.0% -24.94%
% of Operating Profit -175.59% -144.32% -219.67%
Other Income/Expense, Net -$2.600M -$314.0K $700.0K
YoY Change -471.43% -112.08% -187.5%
Pretax Income -$27.20M -$18.39M -$15.90M
YoY Change 71.07% 15.12% -14.97%
Income Tax $100.0K $1.721M $400.0K
% Of Pretax Income
Net Earnings -$23.10M -$16.32M -$13.90M
YoY Change 66.19% 20.94% -20.11%
Net Earnings / Revenue -6.55% -4.48% -7.3%
Basic Earnings Per Share -$0.26
Diluted Earnings Per Share -$2.457M -$0.26 -$1.544M
COMMON SHARES
Basic Shares Outstanding 95.47M shares 95.89M shares 89.44M shares
Diluted Shares Outstanding 94.01M shares 95.89M shares 89.59M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $215.1M $186.0M $278.3M
YoY Change -22.7% -42.74% 75.7%
Cash & Equivalents $215.1M $186.0M $215.1M
Short-Term Investments $63.22M
Other Short-Term Assets $12.50M $20.50M $7.000M
YoY Change 78.57% 83.04% -6.67%
Inventory $4.810M $4.652M $2.104M
Prepaid Expenses
Receivables $63.80M $91.00M $39.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $296.2M $302.2M $263.2M
YoY Change 12.54% -12.28% 26.48%
LONG-TERM ASSETS
Property, Plant & Equipment $4.420B $4.306B $2.129B
YoY Change 107.63% 100.87% -1.65%
Goodwill
YoY Change
Intangibles $11.39M
YoY Change
Long-Term Investments $62.57M $60.32M $206.8M
YoY Change -69.74% -69.99% 5.75%
Other Assets $157.5M $181.2M $87.40M
YoY Change 80.21% 48.77% 21.9%
Total Long-Term Assets $4.669B $4.581B $2.507B
YoY Change 86.24% 81.86% 1.54%
TOTAL ASSETS
Total Short-Term Assets $296.2M $302.2M $263.2M
Total Long-Term Assets $4.669B $4.581B $2.507B
Total Assets $4.965B $4.884B $2.770B
YoY Change 79.24% 70.53% 3.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.70M $12.90M $11.70M
YoY Change 17.09% 316.13% 875.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.70M $39.40M $98.30M
YoY Change -59.61% -67.49% 236.64%
LONG-TERM LIABILITIES
Long-Term Debt $3.841B $3.698B $1.943B
YoY Change 97.65% 88.73% 6.82%
Other Long-Term Liabilities $31.00M $26.30M $7.400M
YoY Change 318.92% 179.79% 45.1%
Total Long-Term Liabilities $3.872B $3.725B $1.951B
YoY Change 98.49% 89.17% 6.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.70M $39.40M $98.30M
Total Long-Term Liabilities $3.872B $3.725B $1.951B
Total Liabilities $4.035B $3.906B $2.061B
YoY Change 95.81% 86.57% 7.1%
SHAREHOLDERS EQUITY
Retained Earnings -$787.2M -$735.1M -$1.050B
YoY Change -25.05% -27.47% 17.21%
Common Stock $955.0K $1.192M $894.0K
YoY Change 6.82% -4.56% -28.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $108.6M $125.7M
YoY Change -13.57% -10.23%
Treasury Stock Shares 23.67M shares 35.46M shares
Shareholders Equity $811.1M $862.5M $531.6M
YoY Change
Total Liabilities & Shareholders Equity $4.965B $4.884B $2.770B
YoY Change 79.24% 70.53% 3.48%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income -$23.10M -$16.32M -$13.90M
YoY Change 66.19% 20.94% -20.11%
Depreciation, Depletion And Amortization $61.20M $58.70M $29.60M
YoY Change 106.76% 105.96% -1.0%
Cash From Operating Activities $70.30M $53.00M $18.40M
YoY Change 282.07% 73.77% -50.0%
INVESTING ACTIVITIES
Capital Expenditures $15.40M -$124.7M -$74.60M
YoY Change -120.64% 38.86% 173.26%
Acquisitions
YoY Change
Other Investing Activities -$58.30M $5.000M $18.00M
YoY Change -423.89% -129.76% -110.59%
Cash From Investing Activities -$42.90M -$119.8M -$56.60M
YoY Change -24.2% 12.38% -71.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $51.80M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.60M -29.40M -27.30M
YoY Change -354.95% -120.36% 30.0%
NET CHANGE
Cash From Operating Activities 70.30M 53.00M 18.40M
Cash From Investing Activities -42.90M -119.8M -56.60M
Cash From Financing Activities 69.60M -29.40M -27.30M
Net Change In Cash 97.00M -96.20M -65.50M
YoY Change -248.09% -240.85% -63.91%
FREE CASH FLOW
Cash From Operating Activities $70.30M $53.00M $18.40M
Capital Expenditures $15.40M -$124.7M -$74.60M
Free Cash Flow $54.90M $177.7M $93.00M
YoY Change -40.97% 47.71% 45.09%

Facts In Submission

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CY2015Q3 us-gaap Below Market Lease Net
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16593000 USD
CY2014Q4 us-gaap Buildings And Improvements Gross
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2125656000 USD
CY2015Q3 us-gaap Buildings And Improvements Gross
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3911063000 USD
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us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-39570000 USD
CY2015Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-18703000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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CY2014Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
355565000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1058486000 USD
CY2015Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
367189000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1116208000 USD
CY2014Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
533000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
616000 USD
CY2015Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
392000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5850000 USD
us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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5800000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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5096000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6686000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
215063000 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
185981000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
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128780000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
280574000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
215063000 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
185981000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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215063000 USD
CY2015Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
185981000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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151794000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-29082000 USD
CY2014Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
278280000 USD
CY2015Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
185981000 USD
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0.12
us-gaap Common Stock Dividends Per Share Declared
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0.36
CY2015Q3 us-gaap Common Stock Dividends Per Share Declared
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0.12
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
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124896765 shares
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
119146765 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
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89439624 shares
CY2015Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2014Q4 us-gaap Common Stock Value
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1249000 USD
CY2015Q3 us-gaap Common Stock Value
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1192000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
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-13495000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-17382000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16321000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
292931000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-124000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-146000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-8000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-16204000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-21749000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-19511000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
332539000 USD
CY2014Q4 us-gaap Construction In Progress Gross
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11704000 USD
CY2015Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
18693000 USD
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
182189000 USD
us-gaap Costs And Expenses
CostsAndExpenses
541355000 USD
CY2015Q3 us-gaap Costs And Expenses
CostsAndExpenses
323634000 USD
us-gaap Costs And Expenses
CostsAndExpenses
875903000 USD
CY2014Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2000000000 USD
CY2015Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
3700000000 USD
CY2014Q4 us-gaap Debt Instrument Carrying Amount
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1954103000 USD
CY2015Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3695041000 USD
CY2014Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
0 USD
CY2015Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
3344000 USD
CY2014Q4 us-gaap Deferred Costs Current And Noncurrent
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12588000 USD
CY2015Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
34952000 USD
CY2014Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
28338000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
81022000 USD
CY2015Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
58741000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
149221000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81262000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
149221000 USD
CY2014Q4 us-gaap Derivative Assets
DerivativeAssets
182000 USD
CY2015Q3 us-gaap Derivative Assets
DerivativeAssets
5572000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
182000 USD
CY2015Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
5572000 USD
CY2015Q3 us-gaap Derivative Higher Range Of Basis Spread On Variable Rate
DerivativeHigherRangeOfBasisSpreadOnVariableRate
0.0143
CY2015Q3 us-gaap Derivative Lower Range Of Basis Spread On Variable Rate
DerivativeLowerRangeOfBasisSpreadOnVariableRate
0.0019
CY2014Q3 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0 USD
us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0 USD
CY2015Q3 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0 USD
us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0 USD
CY2014Q3 us-gaap Direct Costs Of Hotels
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127898000 USD
us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
383779000 USD
CY2015Q3 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
232055000 USD
us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
610483000 USD
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.00
CY2015Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.00
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.00
CY2015Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.00
CY2014Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
21889000 USD
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
21889000 USD
CY2015Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22679000 USD
CY2014Q4 us-gaap Due From Affiliates
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3473000 USD
CY2015Q3 us-gaap Due From Affiliates
DueFromAffiliates
0 USD
CY2014Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1867000 USD
CY2015Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
470000 USD
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.72
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.63
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
746000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
996000 USD
CY2014Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2015Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
206790000 USD
CY2015Q3 us-gaap Equity Method Investments
EquityMethodInvestments
60315000 USD
CY2015Q3 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
0 USD
CY2014Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
6201000 USD
CY2015Q3 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
0 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7522000 USD
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7196000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
10556000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
49000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
197000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
197000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
197000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
197000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11393000 USD
CY2014Q3 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
18628000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
57330000 USD
CY2015Q3 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
40570000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
108891000 USD
CY2014Q3 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
25268000 USD
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
82521000 USD
CY2015Q3 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
55210000 USD
us-gaap Food And Beverage Revenue
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159528000 USD
CY2014Q4 us-gaap Furniture And Fixtures Gross
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211777000 USD
CY2015Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
378486000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
3658000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
381304000 USD
CY2014Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
0 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
3491000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
599000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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-531000 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15104000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47290000 USD
CY2015Q3 us-gaap General And Administrative Expense
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3772000 USD
us-gaap General And Administrative Expense
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11732000 USD
CY2014Q3 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2015Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
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19900000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2015Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
292931000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-15974000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-24608000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18389000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
337705000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-25428000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-20110000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
333070000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.24
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.50
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.26
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.72
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.24
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.50
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.26
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.63
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
62000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
88000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
55000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
77000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2831000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6794000 USD
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4369000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-9084000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
292000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
820000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1721000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4635000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1027000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7033000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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24355000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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19369000 USD
us-gaap Increase Decrease In Due To Affiliates
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-446000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
3473000 USD
us-gaap Increase Decrease In Due To Related Parties
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1224000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-3923000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2381000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2829000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4564000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8337000 USD
us-gaap Increase Decrease In Restricted Cash
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39283000 USD
us-gaap Increase Decrease In Restricted Cash
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-63452000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
6771000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
11980000 USD
CY2015Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11393000 USD
CY2014Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
29400000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
85563000 USD
CY2015Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
51859000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
133989000 USD
CY2014Q3 us-gaap Interest Income Operating
InterestIncomeOperating
0 USD
us-gaap Interest Paid
InterestPaid
78508000 USD
us-gaap Interest Paid
InterestPaid
116463000 USD
CY2014Q4 us-gaap Inventory Net
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2104000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
4652000 USD
CY2014Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
3127000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
9266000 USD
CY2015Q3 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
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us-gaap Investment Advisory Management And Administrative Fees
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Recently Issued Accounting Standards</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#252525;">In May 2014, the FASB issued ASU </font><font style="font-family:inherit;font-size:10pt;">2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;ASU 2014-09&#8221;). ASU 2014-09&#160;is a comprehensive new revenue recognition model, which requires a company to recognize revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. The update will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. In August 2015, the FASB issued ASU 2015-14,&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue From Contracts With Customers (Topic 606): Deferral of the Effective Date</font><font style="font-family:inherit;font-size:10pt;">,&#160;which defers the effective date to fiscal periods beginning after December 15, 2017. Early adoption is permitted for fiscal periods beginning after December 15, 2016. The standard permits the use of either the retrospective or cumulative effect transition method.&#160;We&#160;are&#160;evaluating the effect that ASU 2014-09 will have on our&#160;consolidated financial statements and related disclosures.&#160;We have&#160;not yet selected a transition method.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued ASU 2014-15,&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Disclosure of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern</font><font style="font-family:inherit;font-size:10pt;">&#160;(&#8220;ASU 2014-15&#8221;), to provide guidance on management's responsibility to perform interim and annual assessments of an entity&#8217;s ability to continue as a going concern. ASU 2014-15 also requires certain disclosures if conditions or events raise substantial doubt about the entity&#8217;s ability to continue as a going concern. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. </font><font style="font-family:inherit;font-size:10pt;color:#252525;">We do not expect the adoption of this standard will have an impact on our financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, the FASB issued ASU 2015-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amendments to the Consolidation Analysis </font><font style="font-family:inherit;font-size:10pt;">(&#8220;ASU 2015-02&#8221;). The ASU amends the consolidation guidance for VIEs and general partners' investments in limited partnerships and modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities. The ASU is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. We&#160;are&#160;evaluating the effect that ASU 2015-02 will have on our&#160;consolidated financial statements and related disclosures.&#160;</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest&#8212;Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs</font><font style="font-family:inherit;font-size:10pt;">. The new standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The standard is effective for annual reporting periods beginning after December 15, 2015 and interim periods within those fiscal years, with early adoption permitted. Upon adoption of the standard, we will reclassify deferred financing costs, net, from total assets to be shown net of debt in the liabilities section of our consolidated balance sheet. Adoption of this standard will only affect the presentation of our consolidated balance sheets and related disclosures.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2015, the FASB issued ASU 2015-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest-Imputation of Interest (Subtopic 835-30)</font><font style="font-family:inherit;font-size:10pt;">: </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation and Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements</font><font style="font-family:inherit;font-size:10pt;">&#160;(&#8220;ASU 2015-15&#8221;) to amend&#160;SEC paragraphs of the FASB Accounting Standards Codification pursuant to an SEC Staff&#160;Announcement at the June 18, 2015 Emerging Issues Task Force meeting. The guidance in ASU 2015-03, described above, does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We do not expect that the adoption of this standard will have an impact on our financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU 2015-16,&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(Topic 805)</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Accounting for Measurement-Period Adjustments</font><font style="font-family:inherit;font-size:10pt;">&#160;(&#8220;ASU 2015-16&#8221;), as part of its Simplification Initiative to provide guidance on management&#8217;s responsibility to adjust provisional amounts recognized in a&#160;business combination&#160;and to provide related disclosure requirements.The amendments in this Update require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this Update require that the acquirer record, in the same period&#8217;s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this Update require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date.&#160;ASU 2015-16&#160;applies to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period&#160;in which the combination occurs and during the measurement period has an adjustment to provisional amounts recognized during the measurement period.&#160; ASU 2015-16 is effective&#160;for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted. We do not expect the adoption of this standard will have an impact on our financial position, results of operations or cash flows.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Reclassification</font><font style="font-family:inherit;font-size:10pt;">&#8212;Certain amounts in the consolidated financial statements for the three and nine months ended September 30, 2014, have been reclassified for discontinued operations.</font></div></div>
us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;">&#8212;Hotel revenues, including room, food, beverage, and ancillary revenues such as long-distance telephone service, laundry, parking and space rentals, are recognized when services have been rendered. Taxes collected from customers and submitted to taxing authorities are not recorded in revenue. Interest income (including accretion of discounts on the mezzanine loan using the effective interest method) is recognized when earned. We discontinue recording interest and amortizing discounts/premiums when the contractual payment of interest and/or principal is not received when contractually due. We were reimbursed by PIM Highland JV for costs associated with managing its day-to-day operations and providing corporate administrative services such as accounting, insurance, marketing support, asset management and other services. Beginning with the three months ended March 31, 2014, we changed the presentation to report such reimbursements as &#8220;other&#8221; revenue as opposed to credits within &#8220;corporate, general and administrative&#8221; expense. This change had no impact on our financial condition or results of operations. As of March 6, 2015, we acquired the remaining approximate </font><font style="font-family:inherit;font-size:10pt;">28.26%</font><font style="font-family:inherit;font-size:10pt;"> of the PIM Highland JV which discontinued the aforementioned reimbursements. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior to the spin-off of Ashford Inc. in November 2014, we recognized advisory services revenue when services had been rendered. The quarterly base fee was equal to </font><font style="font-family:inherit;font-size:10pt;">0.7%</font><font style="font-family:inherit;font-size:10pt;"> per annum of the total market capitalization, as defined in the advisory agreement, of Ashford Prime, subject to certain minimums. Reimbursements for overhead and internal audit services were recognized when services had been rendered. We also recorded advisory services revenue for equity grants of Ashford Prime common stock and LTIP units awarded to our officers and employees in connection with providing advisory services equal to the fair value of the award in proportion to the requisite service period satisfied during the period, as well as an offsetting expense in an equal amount included in &#8220;corporate, general and administrative&#8221; expense.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">&#8212;The preparation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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