2016 Q3 Form 10-Q Financial Statement

#000147604516000134 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $79.73M $78.23M
YoY Change 1.92% 28.96%
Cost Of Revenue $17.72M $16.04M
YoY Change 10.47% 31.69%
Gross Profit $62.02M $62.29M
YoY Change -0.43% 28.49%
Gross Profit Margin 77.78% 79.63%
Selling, General & Admin $30.51M $28.90M
YoY Change 5.57% 24.62%
% of Gross Profit 49.19% 46.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.00M $12.56M
YoY Change -4.47% 22.25%
% of Gross Profit 19.34% 20.16%
Operating Expenses $60.28M $58.12M
YoY Change 3.72% 26.39%
Operating Profit $19.46M $20.11M
YoY Change -3.26% 36.99%
Interest Expense $7.082M $7.031M
YoY Change 0.73% 4.72%
% of Operating Profit 36.4% 34.96%
Other Income/Expense, Net
YoY Change
Pretax Income $13.43M $14.68M
YoY Change -8.49% 65.39%
Income Tax -$12.00K $274.0K
% Of Pretax Income -0.09% 1.87%
Net Earnings $13.36M $14.32M
YoY Change -6.71% 64.54%
Net Earnings / Revenue 16.75% 18.3%
Basic Earnings Per Share $0.35 $0.37
Diluted Earnings Per Share $0.34 $0.37
COMMON SHARES
Basic Shares Outstanding 38.31M shares 38.21M shares
Diluted Shares Outstanding 38.77M shares 38.61M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.50M $16.10M
YoY Change -16.15% -76.01%
Cash & Equivalents $13.47M $16.06M
Short-Term Investments
Other Short-Term Assets $4.200M $5.000M
YoY Change -16.0% 72.41%
Inventory
Prepaid Expenses
Receivables $7.300M $7.200M
Other Receivables $0.00 $0.00
Total Short-Term Assets $25.00M $28.30M
YoY Change -11.66% -61.86%
LONG-TERM ASSETS
Property, Plant & Equipment $1.240B $1.265B
YoY Change -1.96% 27.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $45.90M $41.50M
YoY Change 10.6% 118.42%
Other Assets $4.900M $7.200M
YoY Change -31.94% 0.0%
Total Long-Term Assets $1.291B $1.314B
YoY Change -1.73% 28.66%
TOTAL ASSETS
Total Short-Term Assets $25.00M $28.30M
Total Long-Term Assets $1.291B $1.314B
Total Assets $1.316B $1.342B
YoY Change -1.94% 22.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.60M $26.60M
YoY Change 15.04% 49.44%
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 $35.30M $30.60M
YoY Change 15.36% 47.83%
LONG-TERM LIABILITIES
Long-Term Debt $584.2M $603.2M
YoY Change -3.15% 27.28%
Other Long-Term Liabilities $5.300M $1.400M
YoY Change 278.57%
Total Long-Term Liabilities $589.5M $604.6M
YoY Change -2.5% 27.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.30M $30.60M
Total Long-Term Liabilities $589.5M $604.6M
Total Liabilities $624.9M $635.3M
YoY Change -1.64% 28.45%
SHAREHOLDERS EQUITY
Retained Earnings -$35.72M -$17.18M
YoY Change 107.9% -819.25%
Common Stock $722.0M $719.7M
YoY Change 0.32% 20.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $686.3M $702.5M
YoY Change
Total Liabilities & Shareholders Equity $1.316B $1.342B
YoY Change -1.94% 22.53%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $13.36M $14.32M
YoY Change -6.71% 64.54%
Depreciation, Depletion And Amortization $12.00M $12.56M
YoY Change -4.47% 22.25%
Cash From Operating Activities $30.25M $27.24M
YoY Change 11.05% 21.44%
INVESTING ACTIVITIES
Capital Expenditures -$5.330M -$83.82M
YoY Change -93.64% 143.59%
Acquisitions
YoY Change
Other Investing Activities $120.0K $7.030M
YoY Change -98.29% -203.99%
Cash From Investing Activities -$5.200M -$76.79M
YoY Change -93.23% 86.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.89M 47.53M
YoY Change -156.57% -35.65%
NET CHANGE
Cash From Operating Activities 30.25M 27.24M
Cash From Investing Activities -5.200M -76.79M
Cash From Financing Activities -26.89M 47.53M
Net Change In Cash -1.840M -2.020M
YoY Change -8.91% -103.66%
FREE CASH FLOW
Cash From Operating Activities $30.25M $27.24M
Capital Expenditures -$5.330M -$83.82M
Free Cash Flow $35.58M $111.1M
YoY Change -67.96% 95.39%

Facts In Submission

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0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
38308937 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
38359730 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
38308937 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
38359730 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
379000 USD
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
380000 USD
CY2015Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
212000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
228000 USD
CY2016Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-10000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
142000 USD
CY2015Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
62000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
71000 USD
CY2016Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-2000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
25000 USD
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
607872000 USD
CY2016Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
586580000 USD
CY2015Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
5365000 USD
CY2016Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
4857000 USD
CY2015Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
2669000 USD
CY2016Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
2345000 USD
us-gaap Depreciation
Depreciation
36002000 USD
us-gaap Depreciation
Depreciation
36593000 USD
CY2015Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12559000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36146000 USD
CY2016Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11997000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36753000 USD
CY2015Q4 us-gaap Development In Process
DevelopmentInProcess
8829000 USD
CY2016Q3 us-gaap Development In Process
DevelopmentInProcess
14484000 USD
CY2015Q3 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
36864000 USD
us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
101545000 USD
CY2016Q3 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
39016000 USD
us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
113194000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
34539000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
37266000 USD
CY2015Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4041000 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7221000 USD
CY2016Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4746000 USD
CY2015Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
998000 USD
CY2016Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1085000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0103
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0057
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7179000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6611000 USD
CY2015Q3 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
1042000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
2862000 USD
CY2016Q3 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
1280000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
3703000 USD
CY2015Q3 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
1345000 USD
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
3866000 USD
CY2016Q3 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
1494000 USD
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
4728000 USD
CY2015Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2016Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2792000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8375000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2992000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9076000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14680000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
28956000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13434000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29185000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
274000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
299000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
167000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
126000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
485000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
3369000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
2816000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5201000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4532000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
580000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
94000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2206000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-741000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
5660000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
2734000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
402332 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
403600 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
461256 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
433294 shares
CY2015Q3 us-gaap Initial Franchise Fees
InitialFranchiseFees
6092000 USD
us-gaap Initial Franchise Fees
InitialFranchiseFees
16146000 USD
CY2016Q3 us-gaap Initial Franchise Fees
InitialFranchiseFees
6157000 USD
us-gaap Initial Franchise Fees
InitialFranchiseFees
17293000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
7031000 USD
us-gaap Interest Expense
InterestExpense
20696000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
7082000 USD
us-gaap Interest Expense
InterestExpense
21211000 USD
us-gaap Interest Paid
InterestPaid
18860000 USD
us-gaap Interest Paid
InterestPaid
20258000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1031649000 USD
CY2016Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1037645000 USD
CY2015Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
31000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
191000 USD
CY2016Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
7000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
43000 USD
CY2015Q4 us-gaap Land
Land
274543000 USD
CY2016Q3 us-gaap Land
Land
274543000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
640227000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
624871000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1337229000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1315854000 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
CY2016Q3 us-gaap Line Of Credit
LineOfCredit
53000000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
539623000 USD
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
531235000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
505481000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
9899000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
60340000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5374000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4302000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1184000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
305000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
537000 USD
CY2015Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
4131000 USD
CY2016Q3 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
4694000 USD
CY2016Q3 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
753507000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
114973000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-61286000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-178681000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16144000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
64688000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
69860000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
14315000 USD
us-gaap Net Income Loss
NetIncomeLoss
28476000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
13355000 USD
us-gaap Net Income Loss
NetIncomeLoss
28823000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
91000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
181000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
91000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
195000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14260000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28369000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13307000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28682000 USD
CY2015Q3 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
CY2016Q3 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
0 USD
us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
-8000 USD
CY2015Q3 us-gaap Occupancy Costs
OccupancyCosts
13430000 USD
us-gaap Occupancy Costs
OccupancyCosts
37126000 USD
CY2016Q3 us-gaap Occupancy Costs
OccupancyCosts
15068000 USD
us-gaap Occupancy Costs
OccupancyCosts
43453000 USD
CY2015Q3 us-gaap Occupancy Revenue
OccupancyRevenue
73357000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
196086000 USD
CY2016Q3 us-gaap Occupancy Revenue
OccupancyRevenue
74736000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
211438000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
58115000 USD
us-gaap Operating Expenses
OperatingExpenses
162805000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
60275000 USD
us-gaap Operating Expenses
OperatingExpenses
177564000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
20213000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
46918000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
19458000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
49019000 USD
CY2015Q3 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
638000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
1826000 USD
CY2016Q3 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
563000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
1790000 USD
CY2015Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
2698000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
7126000 USD
CY2016Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
2699000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
7689000 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
33688000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2759000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
40279000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
451000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
50000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2039000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
8000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
169447000 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
13679000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
17095000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5052000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4248000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
120797000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
344000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
65000000 USD
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
33450000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
14406000 USD
us-gaap Profit Loss
ProfitLoss
28657000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
13446000 USD
us-gaap Profit Loss
ProfitLoss
29018000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
120111000 USD
CY2016Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
137103000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1378563000 USD
CY2016Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1377258000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1258452000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1240155000 USD
CY2015Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
23618000 USD
CY2016Q3 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
20944000 USD
CY2015Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4349000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
12688000 USD
CY2016Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
5417000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
15454000 USD
CY2015Q3 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
2512000 USD
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
6387000 USD
CY2016Q3 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
2497000 USD
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
6992000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
27500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
46030000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2364000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19273000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
24933000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-27281000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-35724000 USD
CY2015Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
78328000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
209723000 USD
CY2016Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
79733000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
226583000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
605203000 USD
CY2016Q3 us-gaap Secured Debt
SecuredDebt
584235000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2102000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2256000 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 Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
412000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
550000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
118758000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
337000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
22000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
692871000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
686289000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
591952000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
706603000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
697002000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
690983000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38614360 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38221940 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38768638 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38726998 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38212028 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37818340 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38307382 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38293704 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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0001476045-16-000134.txt Edgar Link pending
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