$INN
Summit Hotel Properties, Inc.

2019 Q4 Form 10-Q Financial Statement

#000149764519000017 Filed on November 05, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $133.8M $133.7M $142.3M
YoY Change 0.96% -6.08% 4.21%
Cost Of Revenue $76.20M $75.00M $80.20M
YoY Change 2.42% -6.48% -6.82%
Gross Profit $57.60M $58.70M $62.20M
YoY Change -0.86% -5.63% 23.13%
Gross Profit Margin 43.06% 43.91% 43.7%
Selling, General & Admin $17.60M $16.20M $15.10M
YoY Change 13.55% 7.28% 228.26%
% of Gross Profit 30.56% 27.6% 24.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.90M $23.20M $24.90M
YoY Change 3.86% -6.83% 5.51%
% of Gross Profit 46.7% 39.52% 40.03%
Operating Expenses $44.60M $39.40M $40.00M
YoY Change 7.73% -1.5% 42.35%
Operating Profit $13.00M $19.24M $46.99M
YoY Change -22.16% -59.05% 110.03%
Interest Expense -$11.00M $9.450M $10.85M
YoY Change -3.51% -12.89% 39.65%
% of Operating Profit -84.62% 49.11% 23.09%
Other Income/Expense, Net $2.200M -$7.642M -$9.521M
YoY Change 57.14% -19.74% 5888.05%
Pretax Income $9.200M $11.60M $37.47M
YoY Change 84.0% -69.04% 68.67%
Income Tax $500.0K -$24.00K -$500.0K
% Of Pretax Income 5.43% -0.21% -1.33%
Net Earnings $9.242M $11.53M $37.90M
YoY Change 60.56% -69.57% 69.28%
Net Earnings / Revenue 6.91% 8.63% 26.63%
Basic Earnings Per Share $0.33
Diluted Earnings Per Share $88.46K $110.6K $0.33
COMMON SHARES
Basic Shares Outstanding 105.2M shares 103.9M shares 103.7M shares
Diluted Shares Outstanding 104.0M shares 103.8M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.20M $48.10M $60.50M
YoY Change -4.31% -20.5% 15.24%
Cash & Equivalents $42.24M $48.09M $60.53M
Short-Term Investments
Other Short-Term Assets $8.800M $10.50M $6.300M
YoY Change -12.87% 66.67% 18.87%
Inventory
Prepaid Expenses
Receivables $13.30M $18.50M $24.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $64.30M $77.10M $90.80M
YoY Change -5.72% -15.09% 15.37%
LONG-TERM ASSETS
Property, Plant & Equipment $2.214B $1.978B $2.083B
YoY Change 7.19% -5.02% 9.44%
Goodwill
YoY Change
Intangibles $11.01M
YoY Change -47.48%
Long-Term Investments $30.90M $31.00M $29.40M
YoY Change 0.65% 5.44% 56.38%
Other Assets $32.70M $49.30M $37.60M
YoY Change -19.85% 31.12% 8.05%
Total Long-Term Assets $2.291B $2.072B $2.172B
YoY Change 6.37% -4.6% 10.53%
TOTAL ASSETS
Total Short-Term Assets $64.30M $77.10M $90.80M
Total Long-Term Assets $2.291B $2.072B $2.172B
Total Assets $2.356B $2.149B $2.263B
YoY Change 6.0% -5.02% 10.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.800M $5.300M $5.200M
YoY Change -11.11% 1.92% -28.77%
Accrued Expenses $91.40M $103.5M $71.40M
YoY Change 38.28% 44.96% 26.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.700M $3.700M
YoY Change
Total Short-Term Liabilities $99.90M $112.5M $76.60M
YoY Change 39.72% 46.87% 20.44%
LONG-TERM LIABILITIES
Long-Term Debt $1.012B $839.8M $969.1M
YoY Change 5.6% -13.34% 25.48%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.012B $839.8M $969.1M
YoY Change 5.6% -13.34% 25.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $99.90M $112.5M $76.60M
Total Long-Term Liabilities $1.012B $839.8M $969.1M
Total Liabilities $1.112B $952.3M $1.046B
YoY Change 7.97% -8.93% 25.04%
SHAREHOLDERS EQUITY
Retained Earnings -$2.283M $11.10M $21.65M
YoY Change -147.19% -48.71% -12.65%
Common Stock $1.052M $1.052M $1.047M
YoY Change 0.38% 0.48% 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.174B $1.181B $1.215B
YoY Change
Total Liabilities & Shareholders Equity $2.356B $2.149B $2.263B
YoY Change 6.0% -5.02% 10.72%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $9.242M $11.53M $37.90M
YoY Change 60.56% -69.57% 69.28%
Depreciation, Depletion And Amortization $26.90M $23.20M $24.90M
YoY Change 3.86% -6.83% 5.51%
Cash From Operating Activities $28.90M $44.30M $44.60M
YoY Change -11.62% -0.67% -4.09%
INVESTING ACTIVITIES
Capital Expenditures -$250.3M -$28.10M -$71.00M
YoY Change -60.42% 23.26%
Acquisitions
YoY Change
Other Investing Activities $11.30M -$21.50M $41.60M
YoY Change -160.43% -151.68% 84.07%
Cash From Investing Activities -$239.0M -$49.60M -$29.40M
YoY Change 1178.07% 68.71% -16.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 204.1M 5.300M -4.400M
YoY Change -709.25% -220.45% -130.14%
NET CHANGE
Cash From Operating Activities 28.90M 44.30M 44.60M
Cash From Investing Activities -239.0M -49.60M -29.40M
Cash From Financing Activities 204.1M 5.300M -4.400M
Net Change In Cash -6.000M 0.000000003725 10.80M
YoY Change -69.23% -100.0% -58.62%
FREE CASH FLOW
Cash From Operating Activities $28.90M $44.30M $44.60M
Capital Expenditures -$250.3M -$28.10M -$71.00M
Free Cash Flow $279.2M $72.40M $115.6M
YoY Change 753.82% -37.37% 11.05%

Facts In Submission

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SUMMIT HOTEL PROPERTIES, INC.
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CY2018Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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91747000 USD
CY2019Q3 us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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6601000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2018Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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54623000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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91970000 USD
CY2019Q3 inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerhsip
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerhsip
6000 USD
CY2018Q3 inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerhsip
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerhsip
107000 USD
inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerhsip
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerhsip
104000 USD
inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnerhsip
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnerhsip
223000 USD
CY2019Q3 inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture
77000 USD
CY2018Q3 inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture
0 USD
inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture
77000 USD
inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture
0 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7403000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
40389000 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3710000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11128000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
12962000 USD
CY2019Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
CY2018Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
us-gaap Preferred Stock Redemption Premium
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3277000 USD
CY2019Q3 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
3693000 USD
CY2018Q3 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
36679000 USD
inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
43314000 USD
inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
75508000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1197057000 USD
CY2019Q3 inn Noncontrolling Interest Increase From Cash Contribution
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13764000 USD
CY2019Q3 us-gaap Dividends Cash
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22656000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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1450000 USD
CY2019Q3 us-gaap Stockholders Equity Other
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44000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q3 us-gaap Profit Loss
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CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1197057000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1198056000 USD
CY2018Q3 us-gaap Dividends Cash
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22617000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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1319000 USD
CY2018Q3 us-gaap Stockholders Equity Other
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19000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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2495000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
38001000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1217235000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1192144000 USD
inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
13764000 USD
us-gaap Dividends Cash
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us-gaap Stock Issued During Period Value Share Based Compensation
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4766000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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749000 USD
us-gaap Payments To Acquire Real Estate
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71002000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2724000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
146000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
158000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Profit Loss
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73595000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1197057000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Redeemed Or Called During Period Value
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85000000 USD
us-gaap Dividends Cash
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us-gaap Stock Issued During Period Value Share Based Compensation
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5367000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6601000 USD
us-gaap Profit Loss
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85369000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1217235000 USD
us-gaap Profit Loss
ProfitLoss
73595000 USD
us-gaap Profit Loss
ProfitLoss
85369000 USD
us-gaap Depreciation Depletion And Amortization
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72517000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
75141000 USD
us-gaap Amortization Of Financing Costs
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1041000 USD
us-gaap Amortization Of Financing Costs
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1495000 USD
us-gaap Asset Impairment Charges
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1685000 USD
us-gaap Asset Impairment Charges
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0 USD
us-gaap Share Based Compensation
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4766000 USD
us-gaap Share Based Compensation
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5367000 USD
us-gaap Gain Loss On Disposition Of Assets1
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39655000 USD
us-gaap Gain Loss On Disposition Of Assets1
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42114000 USD
inn Noncash Interest Income
NoncashInterestIncome
1713000 USD
inn Noncash Interest Income
NoncashInterestIncome
1528000 USD
inn Debt Transaction Costs
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1847000 USD
inn Debt Transaction Costs
DebtTransactionCosts
265000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-369000 USD
us-gaap Other Noncash Income Expense
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123000 USD
us-gaap Increase Decrease In Accounts Receivable
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4514000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7054000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1754000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2729000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
126000 USD
us-gaap Increase Decrease In Accounts Payable
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-627000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
7796000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
10040000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
119614000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
128960000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
32277000 USD
inn Increase Decrease Escrow Depositsfor Acquisition
IncreaseDecreaseEscrowDepositsforAcquisition
-3000000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
0 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
12208000 USD
us-gaap Payments For Capital Improvements
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46708000 USD
us-gaap Payments For Capital Improvements
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49523000 USD
us-gaap Proceeds From Sale Of Productive Assets
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143962000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
103587000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
7228000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
15245000 USD
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
2050000 USD
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
0 USD
inn Increase Decrease Escrow Depositsfor Acquisition
IncreaseDecreaseEscrowDepositsforAcquisition
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
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56799000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44391000 USD
us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
470000000 USD
us-gaap Repayments Of Debt
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us-gaap Repayments Of Debt
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369147000 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
85000000 USD
inn Payments Of Dividends And Distributions
PaymentsOfDividendsAndDistributions
67751000 USD
inn Payments Of Dividends And Distributions
PaymentsOfDividendsAndDistributions
69755000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
13764000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1873000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1850000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
839000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2724000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-58476000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3354000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26093000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72556000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66007000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75910000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92100000 USD
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
29038000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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us-gaap Interest Paid Capitalized
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446000 USD
us-gaap Nature Of Operations
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DESCRIPTION OF BUSINESS<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Summit Hotel Properties, Inc. (the “Company”) is a self-managed hotel investment company that was organized on June 30, 2010 as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the “Operating Partnership”), a Delaware limited partnership also organized on June 30, 2010. Unless the context otherwise requires, “we,” “us,” and “our” refer to the Company and its consolidated subsidiaries.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><span style="font-family:inherit;font-size:10pt;">We focus on owning primarily premium-branded, select-service hotels. At </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, our portfolio consisted of </span><span style="font-family:inherit;font-size:10pt;"><span>70</span></span><span style="font-family:inherit;font-size:10pt;"> hotels with a total of </span><span style="font-family:inherit;font-size:10pt;"><span>10,803</span></span><span style="font-family:inherit;font-size:10pt;"> guestrooms located in </span><span style="font-family:inherit;font-size:10pt;"><span>24</span></span><span style="font-family:inherit;font-size:10pt;"> states. As of </span><span style="font-family:inherit;font-size:10pt;">September 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, we own </span><span style="font-family:inherit;font-size:10pt;"><span>100%</span></span><span style="font-family:inherit;font-size:10pt;"> of the outstanding equity interests in all but one of our hotels. We own a </span><span style="font-family:inherit;font-size:10pt;"><span>51%</span></span> controlling interest in one hotel that we acquired in 2019 through a joint venture. We have elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. To qualify as a REIT, we cannot operate or manage our hotels. Accordingly, all of our hotels are leased to our taxable REIT subsidiaries (“TRS entities”).
CY2019Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
24 State
CY2019Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2309810000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2413176000 USD
us-gaap Use Of Estimates
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<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the 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.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2019Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
360650000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
347622000 USD
CY2019Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1949160000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2065554000 USD
CY2019Q3 us-gaap Number Of Units In Real Estate Property
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88 Room
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
25500000 USD
CY2018Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
150 Room
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
71000000 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
28100000 USD
CY2019Q3 inn Business Combination Purchase Of Adjacent Land Parcels
BusinessCombinationPurchaseOfAdjacentLandParcels
2400000 USD
CY2019Q3 inn Business Combination Purchase Of Net Working Capital Assets
BusinessCombinationPurchaseOfNetWorkingCapitalAssets
100000 USD
CY2019Q3 inn Business Acquisition Capitalized Transaction Costs
BusinessAcquisitionCapitalizedTransactionCosts
100000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
71000000.0 USD
CY2018Q3 inn Business Combination Purchase Of Net Working Capital Liabilities
BusinessCombinationPurchaseOfNetWorkingCapitalLiabilities
100000 USD
CY2018Q3 inn Business Acquisition Capitalized Transaction Costs
BusinessAcquisitionCapitalizedTransactionCosts
100000 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
6845000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
25083000 USD
CY2019Q3 inn Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
20652000 USD
CY2018Q3 inn Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
42676000 USD
CY2019Q3 inn Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Furniture Fixtures And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureFixturesAndEquipment
465000 USD
CY2018Q3 inn Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Furniture Fixtures And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureFixturesAndEquipment
3300000 USD
CY2019Q3 inn Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets Current And Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssetsCurrentAndNoncurrent
207000 USD
CY2018Q3 inn Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets Current And Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssetsCurrentAndNoncurrent
185000 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
28169000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
71244000 USD
CY2019Q3 inn Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Liabilities Current And Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLiabilitiesCurrentAndNoncurrent
70000 USD
CY2018Q3 inn Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Liabilities Current And Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLiabilitiesCurrentAndNoncurrent
242000 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
28099000 USD
CY2018Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
71002000 USD
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
70 hotel
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
70 hotel
CY2019Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
134257000 USD
CY2018Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
134071000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
409595000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
398502000 USD
CY2019Q3 inn Business Acquisition Pro Forma Incomefrom Hotel Operations
BusinessAcquisitionProFormaIncomefromHotelOperations
48289000 USD
CY2018Q3 inn Business Acquisition Pro Forma Incomefrom Hotel Operations
BusinessAcquisitionProFormaIncomefromHotelOperations
49966000 USD
inn Business Acquisition Pro Forma Incomefrom Hotel Operations
BusinessAcquisitionProFormaIncomefromHotelOperations
152864000 USD
inn Business Acquisition Pro Forma Incomefrom Hotel Operations
BusinessAcquisitionProFormaIncomefromHotelOperations
149598000 USD
CY2019Q3 inn Business Acquisitions Pro Forma Profit Loss
BusinessAcquisitionsProFormaProfitLoss
11910000 USD
CY2018Q3 inn Business Acquisitions Pro Forma Profit Loss
BusinessAcquisitionsProFormaProfitLoss
13384000 USD
inn Business Acquisitions Pro Forma Profit Loss
BusinessAcquisitionsProFormaProfitLoss
37284000 USD
inn Business Acquisitions Pro Forma Profit Loss
BusinessAcquisitionsProFormaProfitLoss
42088000 USD
CY2019Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
8101000 USD
CY2018Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
9525000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
25839000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
25524000 USD
CY2019Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.08
CY2018Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.09
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.25
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.25
CY2019Q3 inn Business Combination Pro Forma Information Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses
BusinessCombinationProFormaInformationRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses
46300000 USD
CY2018Q3 inn Business Combination Pro Forma Information Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses
BusinessCombinationProFormaInformationRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses
44800000 USD
inn Business Combination Pro Forma Information Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses
BusinessCombinationProFormaInformationRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses
144100000 USD
inn Business Combination Pro Forma Information Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses
BusinessCombinationProFormaInformationRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses
135400000 USD
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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103666000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103861000 shares
inn Business Combination Pro Forma Information Premium On Redemption Of Preferred Stock
BusinessCombinationProFormaInformationPremiumOnRedemptionOfPreferredStock
3300000 USD
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
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CY2018 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
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5123000 USD
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550097000 USD
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LongTermDebtPercentageBearingFixedInterestRate
0.65
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0.59
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103603000 shares
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298557000 USD
CY2019Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.35
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395908000 USD
CY2018Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.41
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848654000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
965011000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.050
CY2019Q3 us-gaap Operating Lease Cost
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700000 USD
CY2019Q3 us-gaap Operating Lease Payments
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700000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
2500000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2300000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P29Y6M
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
528000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2031000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1923000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1711000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
866000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
28442000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35501000 USD
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16921000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
18580000 USD
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
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CommonStockSharesOutstanding
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CommonStockSharesOutstanding
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583738 shares
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StockIssuedDuringPeriodSharesConversionOfUnits
46076 shares
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StockIssuedDuringPeriodSharesConversionOfUnits
25839 shares
us-gaap Stock Issued During Period Shares Issued For Services
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0 shares
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StockIssuedDuringPeriodSharesIssuedForServices
3543 shares
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StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
167757 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
818 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
74340 shares
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SharesPaidForTaxWithholdingForShareBasedCompensation
187850 shares
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
104745710 shares
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
0.51
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
35000 shares
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
27800000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28500000 USD
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
155000 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4766000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5367000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8800000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8815000 USD
CY2019Q3 inn Employee Service Share Based Compensation Nonvested Awards Compensation Cost Remainder Of Fiscal Year
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostRemainderOfFiscalYear
1453000 USD
CY2019Q3 inn Employee Service Share Based Compensation Nonvested Awards Compensation Cost Year Two
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostYearTwo
4376000 USD
CY2019Q3 inn Employee Service Share Based Compensation Nonvested Awards Compensation Cost Year Three
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostYearThree
2525000 USD
CY2019Q3 inn Employee Service Share Based Compensation Nonvested Awards Compensation Cost Year Four
EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostYearFour
446000 USD
CY2019Q3 inn Employee Service Sharebased Compensation Nonvested Awards Compensation Cost Year Five
EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostYearFive
15000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
55000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
265000 shares
inn Percentageof Taxable Income Distributedto Shareholders
PercentageofTaxableIncomeDistributedtoShareholders
1
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000.0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
11626000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
38001000 USD
us-gaap Profit Loss
ProfitLoss
73595000 USD
us-gaap Profit Loss
ProfitLoss
85369000 USD
CY2019Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3710000 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3710000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11128000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
12962000 USD
CY2019Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
CY2018Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
3277000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
81000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
122000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
254000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
249000 USD
CY2019Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
15000 USD
CY2018Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
100000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
150000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
204000 USD
CY2019Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
77000 USD
CY2018Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
0 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
77000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
0 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7743000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34069000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
61986000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
68677000 USD
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103970000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103935000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103821000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103916000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103868000 shares
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.07
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.33
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.60
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.66

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