2016 Q2 Form 10-Q Financial Statement

#000147604516000128 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $78.00M $72.26M
YoY Change 7.95% 53.49%
Cost Of Revenue $17.33M $15.26M
YoY Change 13.56% 49.17%
Gross Profit $60.67M $57.22M
YoY Change 6.03% 55.32%
Gross Profit Margin 77.78% 79.19%
Selling, General & Admin $29.52M $26.36M
YoY Change 11.99% 39.32%
% of Gross Profit 48.66% 46.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.28M $12.06M
YoY Change 1.81% 63.79%
% of Gross Profit 20.24% 21.08%
Operating Expenses $59.43M $54.19M
YoY Change 9.67% 28.79%
Operating Profit $18.57M $18.07M
YoY Change 2.8% 261.25%
Interest Expense $7.092M $6.852M
YoY Change 3.5% 57.08%
% of Operating Profit 38.19% 37.93%
Other Income/Expense, Net
YoY Change
Pretax Income $12.43M $12.87M
YoY Change -3.43% -80.31%
Income Tax $179.0K $25.00K
% Of Pretax Income 1.44% 0.19%
Net Earnings $12.17M $12.76M
YoY Change -4.66% -80.43%
Net Earnings / Revenue 15.6% 17.66%
Basic Earnings Per Share $0.32 $0.33
Diluted Earnings Per Share $0.31 $0.33
COMMON SHARES
Basic Shares Outstanding 38.30M shares 38.21M shares
Diluted Shares Outstanding 38.73M shares 38.62M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.30M $18.10M
YoY Change -15.47% 52.1%
Cash & Equivalents $15.31M $18.08M
Short-Term Investments
Other Short-Term Assets $5.400M $3.700M
YoY Change 45.95% 32.14%
Inventory
Prepaid Expenses
Receivables $6.300M $5.000M
Other Receivables $0.00 $0.00
Total Short-Term Assets $27.00M $26.80M
YoY Change 0.75% 44.86%
LONG-TERM ASSETS
Property, Plant & Equipment $1.247B $1.173B
YoY Change 6.35% 20.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $44.40M $44.10M
YoY Change 0.68% 286.84%
Other Assets $5.100M $7.500M
YoY Change -32.0% 10.29%
Total Long-Term Assets $1.297B $1.224B
YoY Change 5.9% 23.79%
TOTAL ASSETS
Total Short-Term Assets $27.00M $26.80M
Total Long-Term Assets $1.297B $1.224B
Total Assets $1.324B $1.251B
YoY Change 5.79% 24.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.40M $22.30M
YoY Change 18.39% 59.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $31.10M $26.30M
YoY Change 18.25% 61.35%
LONG-TERM LIABILITIES
Long-Term Debt $598.4M $521.4M
YoY Change 14.77% -3.89%
Other Long-Term Liabilities $4.700M $300.0K
YoY Change 1466.67%
Total Long-Term Liabilities $603.1M $521.7M
YoY Change 15.6% -3.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.10M $26.30M
Total Long-Term Liabilities $603.1M $521.7M
Total Liabilities $634.1M $548.0M
YoY Change 15.72% -1.93%
SHAREHOLDERS EQUITY
Retained Earnings -$36.40M -$19.97M
YoY Change 82.27% -2839.37%
Common Stock $721.6M $719.3M
YoY Change 0.32% 61.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $685.2M $699.3M
YoY Change
Total Liabilities & Shareholders Equity $1.324B $1.251B
YoY Change 5.79% 24.17%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $12.17M $12.76M
YoY Change -4.66% -80.43%
Depreciation, Depletion And Amortization $12.28M $12.06M
YoY Change 1.81% 63.79%
Cash From Operating Activities $25.54M $24.69M
YoY Change 3.44% 143.97%
INVESTING ACTIVITIES
Capital Expenditures -$7.180M -$4.680M
YoY Change 53.42% -98.27%
Acquisitions
YoY Change
Other Investing Activities $2.390M -$1.220M
YoY Change -295.9% -56.12%
Cash From Investing Activities -$4.790M -$5.900M
YoY Change -18.81% -97.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.93M -17.50M
YoY Change 2.46% -106.52%
NET CHANGE
Cash From Operating Activities 25.54M 24.69M
Cash From Investing Activities -4.790M -5.900M
Cash From Financing Activities -17.93M -17.50M
Net Change In Cash 2.820M 1.290M
YoY Change 118.6% -78.89%
FREE CASH FLOW
Cash From Operating Activities $25.54M $24.69M
Capital Expenditures -$7.180M -$4.680M
Free Cash Flow $32.72M $29.37M
YoY Change 11.41% -89.51%

Facts In Submission

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4658000 USD
CY2015Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
998000 USD
CY2016Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
696000 USD
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3932000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4069000 USD
CY2015Q2 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
973000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
1820000 USD
CY2016Q2 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
1245000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
2423000 USD
CY2015Q2 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
1355000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
2522000 USD
CY2016Q2 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
1726000 USD
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
3234000 USD
CY2015Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2156000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5583000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2972000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6084000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12870000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14290000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12429000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15751000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
179000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
179000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
95000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
485000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
1348000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
1850000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1544000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-98000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
608000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
94000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1119000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
426000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
6515000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
3235000 USD
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
406991 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
404441 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
435855 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
417903 shares
CY2015Q2 us-gaap Initial Franchise Fees
InitialFranchiseFees
5560000 USD
us-gaap Initial Franchise Fees
InitialFranchiseFees
10055000 USD
CY2016Q2 us-gaap Initial Franchise Fees
InitialFranchiseFees
5948000 USD
us-gaap Initial Franchise Fees
InitialFranchiseFees
11136000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
6852000 USD
us-gaap Interest Expense
InterestExpense
13665000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
7092000 USD
us-gaap Interest Expense
InterestExpense
14129000 USD
us-gaap Interest Paid
InterestPaid
12409000 USD
us-gaap Interest Paid
InterestPaid
13486000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1031649000 USD
CY2016Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1034807000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
160000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
36000 USD
CY2015Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
166000 USD
CY2016Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
15000 USD
CY2015Q4 us-gaap Land
Land
274543000 USD
CY2016Q2 us-gaap Land
Land
274543000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
640227000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
634144000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1337229000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1323764000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
1
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
65580000 USD
CY2016Q2 us-gaap Line Of Credit
LineOfCredit
66280000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
539623000 USD
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
532105000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
505480000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
9899000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
73620000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5374000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4302000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2159000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
173000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
354000 USD
CY2015Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
4131000 USD
CY2016Q2 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
4468000 USD
CY2016Q2 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
758228000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67437000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34400000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101892000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10940000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37453000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39612000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
12763000 USD
us-gaap Net Income Loss
NetIncomeLoss
14175000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
12168000 USD
us-gaap Net Income Loss
NetIncomeLoss
15468000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
82000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
90000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
82000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
104000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12735000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14103000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12120000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15374000 USD
CY2015Q2 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
0 USD
us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
0 USD
CY2016Q2 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
-8000 USD
us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
-8000 USD
CY2015Q2 us-gaap Occupancy Costs
OccupancyCosts
12755000 USD
us-gaap Occupancy Costs
OccupancyCosts
23696000 USD
CY2016Q2 us-gaap Occupancy Costs
OccupancyCosts
14574000 USD
us-gaap Occupancy Costs
OccupancyCosts
28385000 USD
CY2015Q2 us-gaap Occupancy Revenue
OccupancyRevenue
67698000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
122729000 USD
CY2016Q2 us-gaap Occupancy Revenue
OccupancyRevenue
72768000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
136702000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
54191000 USD
us-gaap Operating Expenses
OperatingExpenses
104677000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
59429000 USD
us-gaap Operating Expenses
OperatingExpenses
117289000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
18223000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
26718000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
18572000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
29561000 USD
CY2015Q2 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
661000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
1188000 USD
CY2016Q2 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
638000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
1227000 USD
CY2015Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
2492000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
4427000 USD
CY2016Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
2637000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
4990000 USD
us-gaap Payments For Mortgage Deposits
PaymentsForMortgageDeposits
4760000 USD
us-gaap Payments For Mortgage Deposits
PaymentsForMortgageDeposits
5954000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22113000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
27503000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
374000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
50000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2001000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
90155000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
9154000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
11774000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5052000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5437000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
120789000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
192000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
5000000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
24450000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
12845000 USD
us-gaap Profit Loss
ProfitLoss
14265000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
12250000 USD
us-gaap Profit Loss
ProfitLoss
15572000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
120111000 USD
CY2016Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
130196000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1378563000 USD
CY2016Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1377501000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1258452000 USD
CY2016Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1247305000 USD
CY2015Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
23618000 USD
CY2016Q2 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
21853000 USD
CY2015Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4254000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
8339000 USD
CY2016Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
5014000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
10037000 USD
CY2015Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
2124000 USD
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
3874000 USD
CY2016Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
2322000 USD
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
4495000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
27500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
23750000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1582000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1784000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19273000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22508000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-27281000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-36399000 USD
CY2015Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
72414000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
131395000 USD
CY2016Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
78001000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
146850000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
605203000 USD
CY2016Q2 us-gaap Secured Debt
SecuredDebt
598385000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1355000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1495000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
13.17
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
21.21
CY2015Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
14113 shares
CY2016Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
26488 shares
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4025000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
118788000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
192000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
22000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
692871000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
685152000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
591952000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
703277000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
697002000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
689620000 USD
CY2016Q2 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-299000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38618824 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38022675 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38734987 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38704693 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38211833 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37618234 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38299132 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38286790 shares
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4000 USD
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-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-top:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts in the consolidated financial statements have been reclassified to conform to be comparable to the current period presentation. The reclassification did not have any impact on the previously reported income or equity.</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:18px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:6px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>

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