2019 Q4 Form 10-Q Financial Statement

#000129894619000131 Filed on November 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $237.5M $240.3M $220.8M
YoY Change 6.32% 8.81% -1.19%
Cost Of Revenue $181.7M $175.2M $155.7M
YoY Change 14.64% 12.52% -0.13%
Gross Profit $55.90M $65.00M $65.20M
YoY Change -13.87% -0.31% -3.55%
Gross Profit Margin 23.53% 27.05% 29.53%
Selling, General & Admin $7.400M $6.300M $4.500M
YoY Change 15.63% 40.0% -26.23%
% of Gross Profit 13.24% 9.69% 6.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.30M $29.50M $26.40M
YoY Change 11.4% 11.74% 5.18%
% of Gross Profit 54.2% 45.38% 40.49%
Operating Expenses $37.70M $35.80M $30.90M
YoY Change 12.2% 15.86% -0.96%
Operating Profit $162.3M $29.25M $44.23M
YoY Change 372.15% -33.88% 28.88%
Interest Expense -$7.600M $14.18M $10.23M
YoY Change -25.49% 38.61% 5.58%
% of Operating Profit -4.68% 48.5% 23.14%
Other Income/Expense, Net -$16.46M -$9.612M
YoY Change 71.19% 3.13%
Pretax Income $154.7M $12.79M $34.62M
YoY Change 539.26% -63.05% 38.48%
Income Tax $20.10M $1.217M $3.174M
% Of Pretax Income 12.99% 9.51% 9.17%
Net Earnings $134.1M $11.53M $31.44M
YoY Change 458.69% -63.33% 45.41%
Net Earnings / Revenue 56.44% 4.8% 14.24%
Basic Earnings Per Share $0.67 $0.06 $0.15
Diluted Earnings Per Share $0.66 $0.06 $0.15
COMMON SHARES
Basic Shares Outstanding 200.2M shares 201.4M shares 208.8M shares
Diluted Shares Outstanding 202.0M shares 209.6M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.5M $26.70M $169.7M
YoY Change 179.04% -84.27% 1.86%
Cash & Equivalents $122.5M $26.72M $169.7M
Short-Term Investments
Other Short-Term Assets $29.90M $18.20M $16.30M
YoY Change 184.76% 11.66% -79.02%
Inventory
Prepaid Expenses
Receivables $91.20M $114.1M $46.46M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $243.6M $159.0M $286.6M
YoY Change 72.4% -44.52% -16.35%
LONG-TERM ASSETS
Property, Plant & Equipment $3.027B $3.008B $2.803B
YoY Change 2.79% 7.32% 4.27%
Goodwill
YoY Change
Intangibles $0.00 $0.00 $46.22M
YoY Change -100.0% -100.0% 72.48%
Long-Term Investments
YoY Change
Other Assets $57.30M $49.60M $42.60M
YoY Change 20.13% 16.43% 0.71%
Total Long-Term Assets $3.182B $3.156B $2.892B
YoY Change 4.12% 9.15% 4.87%
TOTAL ASSETS
Total Short-Term Assets $243.6M $159.0M $286.6M
Total Long-Term Assets $3.182B $3.156B $2.892B
Total Assets $3.426B $3.315B $3.178B
YoY Change 7.14% 4.31% 2.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.40M $81.40M $64.90M
YoY Change -0.41% 25.42% -8.59%
Accrued Expenses $103.6M $103.0M
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 $201.8M $210.2M $91.50M
YoY Change 159.72% 129.73% -5.28%
LONG-TERM LIABILITIES
Long-Term Debt $1.090B $1.094B $931.6M
YoY Change 11.46% 17.4% -0.98%
Other Long-Term Liabilities $130.8M $130.5M $177.8M
YoY Change -26.76% -26.6% 2.6%
Total Long-Term Liabilities $1.221B $1.224B $1.109B
YoY Change 5.56% 10.35% -0.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $201.8M $210.2M $91.50M
Total Long-Term Liabilities $1.221B $1.224B $1.109B
Total Liabilities $1.505B $1.505B $1.262B
YoY Change 15.13% 19.23% -0.41%
SHAREHOLDERS EQUITY
Retained Earnings -$178.9M -$287.6M -$243.8M
YoY Change -27.18% 17.94% 6.34%
Common Stock $2.091B $2.090B $2.160B
YoY Change -1.75% -3.25% 4.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.912B $1.802B $1.916B
YoY Change
Total Liabilities & Shareholders Equity $3.426B $3.315B $3.178B
YoY Change 7.14% 4.31% 2.53%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $134.1M $11.53M $31.44M
YoY Change 458.69% -63.33% 45.41%
Depreciation, Depletion And Amortization $30.30M $29.50M $26.40M
YoY Change 11.4% 11.74% 5.18%
Cash From Operating Activities $57.60M $54.80M $81.90M
YoY Change -14.79% -33.09% 27.97%
INVESTING ACTIVITIES
Capital Expenditures -$58.50M -$51.50M -$14.40M
YoY Change 52.34% 257.64% -19.55%
Acquisitions
YoY Change
Other Investing Activities $133.5M $0.00 -$2.000M
YoY Change -197.73% -100.0%
Cash From Investing Activities $75.10M -$51.50M -$16.30M
YoY Change -142.89% 215.95% -8.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.800M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.20M -16.50M -29.30M
YoY Change 119.55% -43.69% 3.53%
NET CHANGE
Cash From Operating Activities 57.60M 54.80M 81.90M
Cash From Investing Activities 75.10M -51.50M -16.30M
Cash From Financing Activities -29.20M -16.50M -29.30M
Net Change In Cash 103.5M -13.20M 36.30M
YoY Change -185.68% -136.36% 103.93%
FREE CASH FLOW
Cash From Operating Activities $57.60M $54.80M $81.90M
Capital Expenditures -$58.50M -$51.50M -$14.40M
Free Cash Flow $116.1M $106.3M $96.30M
YoY Change 9.53% 10.38% 17.58%

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CY2018Q1 us-gaap Profit Loss
ProfitLoss
4338000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1817749000 USD
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26165000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1984000 USD
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
89722000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
28009000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1911299000 USD
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26147000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-198000 USD
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-184000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
31443000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1916213000 USD
us-gaap Profit Loss
ProfitLoss
49628000 USD
us-gaap Profit Loss
ProfitLoss
63790000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
87805000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77304000 USD
us-gaap Depreciation Nonproduction
DepreciationNonproduction
170000 USD
us-gaap Depreciation Nonproduction
DepreciationNonproduction
161000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2373000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
drh Non Cash Lease Expense And Other Amortization
NonCashLeaseExpenseAndOtherAmortization
5247000 USD
drh Non Cash Lease Expense And Other Amortization
NonCashLeaseExpenseAndOtherAmortization
3842000 USD
drh Fair Value Adjustment Of Derivative Instruments
FairValueAdjustmentOfDerivativeInstruments
4790000 USD
drh Fair Value Adjustment Of Derivative Instruments
FairValueAdjustmentOfDerivativeInstruments
0 USD
drh Amortization Of Financing Costs And Derivative Gains Losses
AmortizationOfFinancingCostsAndDerivativeGainsLosses
1432000 USD
drh Amortization Of Financing Costs And Derivative Gains Losses
AmortizationOfFinancingCostsAndDerivativeGainsLosses
1384000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
297000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2469000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4882000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4104000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5623000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-25489000 USD
drh Increase Decrease In Due To From Hotel Managers
IncreaseDecreaseInDueToFromHotelManagers
18119000 USD
drh Increase Decrease In Due To From Hotel Managers
IncreaseDecreaseInDueToFromHotelManagers
21436000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3420000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2215000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
135708000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
149954000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
119537000 USD
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
0 USD
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
2000000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
30742000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-140803000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-167548000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
10374000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
9947000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
92715000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
350000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
300000000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
125000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
85000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
50000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
85000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4796000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
76751000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
76520000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
42828000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
452000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
149000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10201000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6099000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15296000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11495000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91598000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
223773000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76302000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
212278000 USD
us-gaap Interest Paid Net
InterestPaidNet
32604000 USD
us-gaap Interest Paid Net
InterestPaidNet
28462000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1310000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2198000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1119000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
drh Non Cash Cumulative Effectof New Accounting Principlein Periodof Adoption
NonCashCumulativeEffectofNewAccountingPrincipleinPeriodofAdoption
15286000 USD
drh Non Cash Cumulative Effectof New Accounting Principlein Periodof Adoption
NonCashCumulativeEffectofNewAccountingPrincipleinPeriodofAdoption
0 USD
CY2019Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
25771000 USD
CY2018Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
26648000 USD
us-gaap Loans Assumed1
LoansAssumed1
0 USD
us-gaap Loans Assumed1
LoansAssumed1
2943000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26723000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43863000 USD
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
49579000 USD
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
47735000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76302000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91598000 USD
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
31 Hotel
CY2019Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
10102 room
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the financial statements in conformity with U.S. GAAP 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2019Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
0 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of our cash and cash equivalents. We maintain cash and cash equivalents with various financial institutions. We perform periodic evaluations of the relative credit standing of these financial institutions and limit the amount of credit exposure with any one institution.</span></div>
CY2018Q3 drh Proceeds From Insurance Settlement Property And Business Interruption
ProceedsFromInsuranceSettlementPropertyAndBusinessInterruption
32500000 USD
drh Proceeds From Insurance Settlement Property And Business Interruption
ProceedsFromInsuranceSettlementPropertyAndBusinessInterruption
6400000 USD
drh Proceeds From Insurance Settlement Property And Business Interruption
ProceedsFromInsuranceSettlementPropertyAndBusinessInterruption
85000000.0 USD
CY2019Q3 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
0 USD
CY2018Q3 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
8227000 USD
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
8822000 USD
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
16254000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3989435000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3838053000 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
981412000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
893436000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3008023000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2944617000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23300000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
12400000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P66Y
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0577
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2834000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
8417000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
311000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1137000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
835000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2421000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
818000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3315000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4805000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3940000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3997000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
763100000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
779975000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
677005000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
102970000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
5232000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4866000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6132000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
5122000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
5096000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
636770000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
663218000 USD
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
drh Common Stock Voting Rights Votes
CommonStockVotingRightsVotes
1 vote
CY2019Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000.0 USD
CY2019Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
280436 shares
CY2019Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.96
CY2019Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2800000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
4428947 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.65
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
42800000 USD
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 drh Common Unit Issuance Value Per Share
CommonUnitIssuanceValuePerShare
11.76
CY2018 drh Operating Partnership Units Option To Redeem For Common Stock Ratio
OperatingPartnershipUnitsOptionToRedeemForCommonStockRatio
1
CY2018 drh Operating Partnership Units Option To Redeem For Common Stock Ratio
OperatingPartnershipUnitsOptionToRedeemForCommonStockRatio
1
CY2019Q1 drh Common Stock Dividends Per Share Cash Paid And Distribution Per Unit Of Limited Partner Interest
CommonStockDividendsPerShareCashPaidAndDistributionPerUnitOfLimitedPartnerInterest
0.125
CY2019Q2 drh Common Stock Dividends Per Share Cash Paid And Distribution Per Unit Of Limited Partner Interest
CommonStockDividendsPerShareCashPaidAndDistributionPerUnitOfLimitedPartnerInterest
0.125
CY2019Q3 drh Common Stock Dividends Per Share Cash Paid And Distribution Per Unit Of Limited Partner Interest
CommonStockDividendsPerShareCashPaidAndDistributionPerUnitOfLimitedPartnerInterest
0.125
drh Maximum Possible Payout To Executive Officer As Percentage Of Target Award
MaximumPossiblePayoutToExecutiveOfficerAsPercentageOfTargetAward
1.50
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.7433
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
11529000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
31443000 USD
us-gaap Net Income Loss
NetIncomeLoss
49434000 USD
us-gaap Net Income Loss
NetIncomeLoss
63790000 USD
CY2019Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
31000 USD
CY2018Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
101000 USD
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
0 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11498000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31443000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49333000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
63790000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
201448348 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
208758945 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
202218646 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
204520637 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
201992289 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209597037 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
202682588 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205349762 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
1093655000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
977966000 USD
CY2019Q3 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0387
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
31 Hotel
drh Percent Of Unused Portion Line Of Credit Facility Triggering Commitment Fee Percentage
PercentOfUnusedPortionLineOfCreditFacilityTriggeringCommitmentFeePercentage
0.50
drh Percent Of Unused Portion Line Of Credit Facility Triggering Commitment Fee Percentage
PercentOfUnusedPortionLineOfCreditFacilityTriggeringCommitmentFeePercentage
0.50
drh Debt Instrument Numberof Instruments
DebtInstrumentNumberofInstruments
2 loan
CY2019Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2400000 USD

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