$INN
Summit Hotel Properties, Inc.

2021 Q2 Form 10-Q Financial Statement

#000149764521000011 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $86.52M $25.44M
YoY Change 240.16% -82.2%
Cost Of Revenue $50.25M $24.00M
YoY Change 109.38% -68.83%
Gross Profit $36.27M $1.500M
YoY Change 2318.2% -97.72%
Gross Profit Margin 41.92% 5.9%
Selling, General & Admin $17.50M $16.80M
YoY Change 4.14% 1.2%
% of Gross Profit 48.23% 1120.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.58M $27.50M
YoY Change -3.33% 15.55%
% of Gross Profit 73.29% 1833.33%
Operating Expenses $44.08M $44.30M
YoY Change -0.49% 9.65%
Operating Profit -$11.63M -$42.92M
YoY Change -72.91% -172.27%
Interest Expense $10.96M $10.75M
YoY Change 1.98% 10.07%
% of Operating Profit
Other Income/Expense, Net -$8.667M -$9.873M
YoY Change -12.22% 2.63%
Pretax Income -$20.29M -$52.80M
YoY Change -61.56% -206.08%
Income Tax $300.0K -$200.0K
% Of Pretax Income
Net Earnings -$18.69M -$50.42M
YoY Change -62.93% -202.98%
Net Earnings / Revenue -21.6% -198.21%
Basic Earnings Per Share -$0.21 -$0.52
Diluted Earnings Per Share -$0.21 -$0.52
COMMON SHARES
Basic Shares Outstanding 104.5M shares 104.2M shares
Diluted Shares Outstanding 104.5M shares 104.2M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.07M $124.6M
YoY Change -55.0% 155.33%
Cash & Equivalents $56.07M $124.6M
Short-Term Investments
Other Short-Term Assets $8.698M $7.200M
YoY Change 20.81% -5.26%
Inventory
Prepaid Expenses
Receivables $14.78M $10.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $79.54M $142.3M
YoY Change -44.1% 83.14%
LONG-TERM ASSETS
Property, Plant & Equipment $2.092B $2.175B
YoY Change -3.83% 10.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $23.71M $29.20M
YoY Change -18.81% -8.46%
Other Assets $26.72M $23.60M
YoY Change 13.23% -25.55%
Total Long-Term Assets $2.152B $2.239B
YoY Change -3.87% 9.44%
TOTAL ASSETS
Total Short-Term Assets $79.54M $142.3M
Total Long-Term Assets $2.152B $2.239B
Total Assets $2.231B $2.381B
YoY Change -6.28% 12.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.042M $2.700M
YoY Change 12.67% -49.06%
Accrued Expenses $84.18M $87.30M
YoY Change -3.58% -5.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.800M
YoY Change 8.57%
Total Short-Term Liabilities $87.22M $93.80M
YoY Change -7.02% -6.85%
LONG-TERM LIABILITIES
Long-Term Debt $1.079B $1.156B
YoY Change -6.67% 39.99%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.079B $1.156B
YoY Change -6.67% 39.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.22M $93.80M
Total Long-Term Liabilities $1.079B $1.156B
Total Liabilities $1.166B $1.249B
YoY Change -6.69% 34.89%
SHAREHOLDERS EQUITY
Retained Earnings -$236.4M -$93.99M
YoY Change 151.51% -523.8%
Common Stock $1.064M $1.057M
YoY Change 0.66% 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $936.6M $1.065B
YoY Change
Total Liabilities & Shareholders Equity $2.231B $2.381B
YoY Change -6.28% 12.14%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$18.69M -$50.42M
YoY Change -62.93% -202.98%
Depreciation, Depletion And Amortization $26.58M $27.50M
YoY Change -3.33% 15.55%
Cash From Operating Activities $18.03M -$28.10M
YoY Change -164.16% -162.31%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$6.342M -$8.300M
YoY Change -23.59% -107.11%
Cash From Investing Activities -$6.342M -$8.300M
YoY Change -23.59% -107.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.09M 19.80M
YoY Change -3.6% -112.62%
NET CHANGE
Cash From Operating Activities 18.03M -28.10M
Cash From Investing Activities -6.342M -8.300M
Cash From Financing Activities 19.09M 19.80M
Net Change In Cash 30.78M -16.60M
YoY Change -285.4% -438.78%
FREE CASH FLOW
Cash From Operating Activities $18.03M -$28.10M
Capital Expenditures $0.00
Free Cash Flow -$28.10M
YoY Change -162.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001497645
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
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Q2
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-35074
dei Entity Registrant Name
EntityRegistrantName
SUMMIT HOTEL PROPERTIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-2962512
dei Entity Address Address Line1
EntityAddressAddressLine1
13215 Bee Cave Parkway, Suite B-300
dei Entity Address City Or Town
EntityAddressCityOrTown
Austin
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
78738
dei City Area Code
CityAreaCode
512
dei Local Phone Number
LocalPhoneNumber
538-2300
dei Entity Current Reporting Status
EntityCurrentReportingStatus
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CY2020Q2 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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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnership
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnership
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CY2020Q2 inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnership
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnership
-96000 USD
inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnership
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnership
-76000 USD
inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnership
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnership
-170000 USD
CY2021Q2 inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture
-1843000 USD
CY2020Q2 inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture
-2035000 USD
inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture
-3295000 USD
inn Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture
-2890000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-17332000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2020Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3709000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
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7418000 USD
CY2021Q2 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-21041000 USD
CY2020Q2 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-55149000 USD
inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
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inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 inn Noncontrolling Interest Increase From Cash Contribution
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CY2021Q2 us-gaap Dividends Cash
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CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
-20569000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Dividends Cash
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3754000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Profit Loss
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1052063000 USD
inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
85673000 USD
inn Capped Calls Purchased During Period In Connection With Convertible Senior Notes
CappedCallsPurchasedDuringPeriodInConnectionWithConvertibleSeniorNotes
21131000 USD
us-gaap Dividends Cash
DividendsCash
7375000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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3969000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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1602000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7565000 USD
us-gaap Profit Loss
ProfitLoss
-53440000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1065722000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
577000 USD
us-gaap Dividends Cash
DividendsCash
26544000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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3441000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
469000 USD
us-gaap Stockholders Equity Other
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30000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-20067000 USD
us-gaap Profit Loss
ProfitLoss
-68762000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1131536000 USD
us-gaap Profit Loss
ProfitLoss
-53440000 USD
us-gaap Profit Loss
ProfitLoss
-68762000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
53883000 USD
us-gaap Depreciation Depletion And Amortization
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2124000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1012000 USD
us-gaap Asset Impairment Charges
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0 USD
us-gaap Asset Impairment Charges
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782000 USD
us-gaap Provision For Loan Losses Expensed
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us-gaap Provision For Loan Losses Expensed
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2530000 USD
us-gaap Share Based Compensation
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3969000 USD
us-gaap Share Based Compensation
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3441000 USD
us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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2058000 USD
us-gaap Gain Loss On Disposition Of Assets1
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81000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-35000 USD
inn Noncash Interest Income
NoncashInterestIncome
517000 USD
inn Noncash Interest Income
NoncashInterestIncome
1540000 USD
inn Debt Transaction Costs
DebtTransactionCosts
143000 USD
inn Debt Transaction Costs
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271000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-234000 USD
us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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3002000 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1459000 USD
us-gaap Increase Decrease In Accounts Payable
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720000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
8904000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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14830000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
15852000 USD
inn Contract Termination Payment For Asset Disposition
ContractTerminationPaymentForAssetDisposition
0 USD
inn Contract Termination Payment For Asset Disposition
ContractTerminationPaymentForAssetDisposition
2200000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
5222000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
3233000 USD
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
0 USD
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
250000 USD
inn Increase Decrease In Escrow Deposits For Acquisition
IncreaseDecreaseInEscrowDepositsForAcquisition
-825000 USD
inn Increase Decrease In Escrow Deposits For Acquisition
IncreaseDecreaseInEscrowDepositsForAcquisition
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-12542000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
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191500000 USD
us-gaap Repayments Of Debt
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327945000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
46857000 USD
inn Payment For Purchases Of Capped Call Options
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21131000 USD
inn Payment For Purchases Of Capped Call Options
PaymentForPurchasesOfCappedCallOptions
0 USD
us-gaap Interest Paid Net
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inn Payments Of Dividends And Distributions
PaymentsOfDividendsAndDistributions
7463000 USD
inn Payments Of Dividends And Distributions
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26785000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
577000 USD
us-gaap Payments Of Financing Costs
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9044000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2721000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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-1602000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36988000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
115245000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
39276000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
73379000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38896000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69833000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78172000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
143212000 USD
us-gaap Interest Paid Net
InterestPaidNet
18184000 USD
inn Accrued Acquisitions Costs And Improvements To Hotel Properties
AccruedAcquisitionsCostsAndImprovementsToHotelProperties
1804000 USD
inn Accrued Acquisitions Costs And Improvements To Hotel Properties
AccruedAcquisitionsCostsAndImprovementsToHotelProperties
1381000 USD
inn Payment Net Of Refunds Received
PaymentNetOfRefundsReceived
214000 USD
inn Payment Net Of Refunds Received
PaymentNetOfRefundsReceived
-614000 USD
us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">General</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We focus on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. At June 30, 2021, our portfolio consisted of 72 hotels with a total of 11,288 guestrooms located in 23 states. As of June 30, 2021, we own 100% of the outstanding equity interests in 61 of our 72 hotels. We own a 51% controlling interest in 11 hotels 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 Lessees”). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Risks and Uncertainties</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to risks and uncertainties as a result of the effects of the novel coronavirus, designated as COVID-19 (“COVID-19”) and its variants, for at least the near future. The Company first began to experience effects from COVID-19 in March 2020, when the World Health Organization (“WHO”) declared a public health emergency of international concern related to COVID-19. By March 31, 2020, stay-at-home directives had been issued in many states across the United States and many local jurisdictions had additionally required the temporary closure of businesses deemed to be non-essential. These actions and restrictions have had a significant negative effect on the U.S. and global economies, including a rapid and sharp decline in all forms of travel, both domestic and international, and a significant decline in hotel demand. These conditions resulted in a substantial decline in our revenues, profitability and cash flows from operations beginning in March, 2020.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">The COVID-19 pandemic caused the Company to temporarily suspend operations at six hotels containing 934 guestrooms in March 2020. An additional nine hotels, containing 1,278 guestrooms, each of which is adjacent to another of our hotels ("Sister Properties"), continued to accept reservations, but guests were directed to Sister Properties. In May of 2020, five hotels containing 682 guestrooms and four hotel properties adjacent to Sister Properties containing 506 guestrooms were re-opened. During the second half of 2020, three hotel properties adjacent to Sister Properties containing 430 guestrooms were re-opened. During the second quarter of 2021, one hotel containing 252 guestrooms and one hotel property adjacent to Sister Properties containing 202 guestrooms were re-opened. As of June 30, 2021, guests at one hotel containing 140 guestrooms are being directed to Sister Properties. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the first two quarters of 2021, we experienced sequential improvement in our business driven primarily by leisure travel. The improvement was the result of a steady decline in COVID-19 cases following the administration of vaccines and the easing of government restrictions and guidance in many jurisdictions. A recovery in business travel and group business has been slower to date. We anticipate that continued improvement in operating trends will be dependent on continued growth in leisure travel and a recovery of business travel. More broadly, a return to normalized levels of operations is dependent upon the dissipation of concerns related to COVID-19 and its variants, continued easing of government restrictions and guidance, restoration of consumer confidence, and a recovery in hospitality and travel-related demand.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning in March 2020, the Company took several actions to reduce costs and increase liquidity to mitigate the effects of the COVID-19 pandemic on the Company. We continue to engage in certain steps to reduce costs while taking appropriate actions to maintain guest safety and satisfaction. For additional information concerning such actions taken in response to the effects of the COVID-19 pandemic on our business, please see our Annual Report on Form 10-K for the year ended December 31, 2020.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">It is currently extremely difficult to predict the length of time it will take for us to return to pre-pandemic operational and financial performance. Despite the uncertainty, based on the actions we have taken, we believe we have sufficient cash and access to liquidity to meet our obligations for the foreseeable future.</span></div>
CY2021Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 State
CY2020Q1 inn Number Of Hotels Temporarily Suspended
NumberOfHotelsTemporarilySuspended
6 hotel
CY2020Q1 inn Number Of Guestrooms Temporarily Suspended
NumberOfGuestroomsTemporarilySuspended
934 Room
CY2020Q1 inn Number Of Hotels With Guests Directed To Sister Properties
NumberOfHotelsWithGuestsDirectedToSisterProperties
9 hotel
CY2020Q1 inn Number Of Guestrooms With Guests Directing To Sister Properties
NumberOfGuestroomsWithGuestsDirectingToSisterProperties
1278 Room
CY2020Q2 inn Number Of Hotels Re Opened
NumberOfHotelsReOpened
5 hotel
CY2020Q2 inn Number Of Guestrooms Re Opened
NumberOfGuestroomsReOpened
682 Room
CY2020Q2 inn Number Of Hotels Adjacent To Sister Properties Re Opened
NumberOfHotelsAdjacentToSisterPropertiesReOpened
4 hotel
CY2020Q2 inn Number Of Guestrooms Adjacent To Sister Properties Re Opened
NumberOfGuestroomsAdjacentToSisterPropertiesReOpened
506 Room
inn Number Of Hotels Adjacent To Sister Properties Re Opened
NumberOfHotelsAdjacentToSisterPropertiesReOpened
3 hotel
inn Number Of Guestrooms Adjacent To Sister Properties Re Opened
NumberOfGuestroomsAdjacentToSisterPropertiesReOpened
430 Room
CY2021Q2 inn Number Of Hotels Re Opened
NumberOfHotelsReOpened
1 hotel
CY2021Q2 inn Number Of Guestrooms Re Opened
NumberOfGuestroomsReOpened
252 Room
CY2021Q2 inn Number Of Hotels Adjacent To Sister Properties Re Opened
NumberOfHotelsAdjacentToSisterPropertiesReOpened
1 hotel
CY2021Q2 inn Number Of Guestrooms Adjacent To Sister Properties Re Opened
NumberOfGuestroomsAdjacentToSisterPropertiesReOpened
202 Room
CY2021Q2 inn Number Of Hotels With Guests Directed To Sister Properties
NumberOfHotelsWithGuestsDirectedToSisterProperties
1 hotel
CY2021Q2 inn Number Of Guestrooms With Guests Directing To Sister Properties
NumberOfGuestroomsWithGuestsDirectingToSisterProperties
140 Room
CY2021Q2 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
831443000 USD
CY2021Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.76
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
500000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 USD
CY2021Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 USD
CY2020Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
500000 USD
CY2021Q2 inn Investment In Hotel Properties Transfer Taxes
InvestmentInHotelPropertiesTransferTaxes
1800000 USD
CY2021Q2 inn Investment In Hotel Properties Legal Costs
InvestmentInHotelPropertiesLegalCosts
300000 USD
CY2021Q2 inn Investment In Hotel Properties Transfer Taxes
InvestmentInHotelPropertiesTransferTaxes
1800000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1094745000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Our Condensed Consolidated Financial Statements are prepared in conformity with GAAP, which requires us to make estimates based on assumptions about current and, for some estimates, future economic and market conditions that affect reported amounts and related disclosures in our Condensed Consolidated Financial Statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could materially differ from our expectations, which could materially affect our expectations for our consolidated financial position and results of operations. In particular, a number of estimates have been and will continue to be affected by the ongoing COVID-19 pandemic.
CY2021Q2 inn Real Estate Investment Property At Cost Excluding Undeveloped Land
RealEstateInvestmentPropertyAtCostExcludingUndevelopedLand
2607501000 USD
CY2020Q4 inn Real Estate Investment Property At Cost Excluding Undeveloped Land
RealEstateInvestmentPropertyAtCostExcludingUndevelopedLand
2596582000 USD
CY2021Q2 inn Real Estate Investment Property Excluding Undeveloped Land Accumulated Depreciation
RealEstateInvestmentPropertyExcludingUndevelopedLandAccumulatedDepreciation
543332000 USD
CY2020Q4 inn Real Estate Investment Property Excluding Undeveloped Land Accumulated Depreciation
RealEstateInvestmentPropertyExcludingUndevelopedLandAccumulatedDepreciation
490636000 USD
CY2021Q2 inn Real Estate Investment Property Net Excluding Undeveloped Land
RealEstateInvestmentPropertyNetExcludingUndevelopedLand
2064169000 USD
CY2020Q4 inn Real Estate Investment Property Net Excluding Undeveloped Land
RealEstateInvestmentPropertyNetExcludingUndevelopedLand
2105946000 USD
CY2021Q2 inn Consideration For Hotel Property Portfolio Activity
ConsiderationForHotelPropertyPortfolioActivity
172000000.0 USD
CY2021Q2 inn Adjustment To Additional Paid In Capital Contribution By Non Controlling Interest In Joint Venture
AdjustmentToAdditionalPaidInCapitalContributionByNonControllingInterestInJointVenture
16400000 USD
CY2021Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0332
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0343
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1092034000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1101478000 USD
CY2021Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
13512000 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6733000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
1078522000 USD
CY2020Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
545754000 USD
CY2020Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.50
CY2021Q2 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
260591000 USD
CY2021Q2 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.24
CY2020Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
555724000 USD
CY2020Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.50
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1092034000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1101478000 USD
CY2021Q2 us-gaap Share Price
SharePrice
8.72
CY2021Q2 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
500000 USD
CY2020Q2 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
400000 USD
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
1100000 USD
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
900000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0491
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
800000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
700000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
700000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
700000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1600000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
1600000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1400000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1400000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P28Y
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
106416315 shares
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
105696833 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
33579 shares
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1844000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
60823 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
210897 shares
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1018000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
973000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
912000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
914000 USD
CY2021Q2 inn Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
27993000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
33654000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15833000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
17821000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
155605 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
65345 shares
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
inn Common Stock Voting Rights Number
CommonStockVotingRightsNumber
1 Vote
CY2017Q2 inn Sale Of Stock Aggregate Offering Price
SaleOfStockAggregateOfferingPrice
200000000.0 USD
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
105708787 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
105169515 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
860910 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
676171 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
2500 shares
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q2 inn Restricted Cash Released
RestrictedCashReleased
1600000 USD
CY2020Q2 inn Restricted Cash Number Of Hotels Cash Released For
RestrictedCashNumberOfHotelsCashReleasedFor
7 hotel
CY2020Q2 inn Restricted Cash Released Borrowed Reserve
RestrictedCashReleasedBorrowedReserve
8900000 USD
CY2020Q2 inn Restricted Cash Released Borrowed Reserve Number Of Payment Installments
RestrictedCashReleasedBorrowedReserveNumberOfPaymentInstallments
10 installment
CY2020Q2 inn Restricted Cash Released Borrowed Reserve Installment Payment Beginning Period Prior To Renovation Date
RestrictedCashReleasedBorrowedReserveInstallmentPaymentBeginningPeriodPriorToRenovationDate
P12M
CY2020Q2 inn Restricted Cash Released Borrowed Reserve Lump Sum Payment Period Prior To Renovation Date
RestrictedCashReleasedBorrowedReserveLumpSumPaymentPeriodPriorToRenovationDate
P60D
CY2021Q2 inn Restricted Cash Released Borrowed Reserve Not Obligated
RestrictedCashReleasedBorrowedReserveNotObligated
500000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22100000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
18200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
235000 shares
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14100000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14062000 USD
CY2021Q2 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Remainder Of Fiscal Year
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountRemainderOfFiscalYear
3783000 USD
CY2021Q2 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year One
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearOne
5799000 USD
CY2021Q2 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Two
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearTwo
3798000 USD
CY2021Q2 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Three
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearThree
661000 USD
CY2021Q2 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Four
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearFour
21000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 USD
inn Discrete Non Cash Deferred Income Tax Expense
DiscreteNonCashDeferredIncomeTaxExpense
2100000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q2 inn Estimated Employee Retention Tax Credit Cares Act
EstimatedEmployeeRetentionTaxCreditCARESAct
1300000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-20569000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-52548000 USD
us-gaap Profit Loss
ProfitLoss
-53440000 USD
us-gaap Profit Loss
ProfitLoss
-68762000 USD
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3709000 USD
CY2020Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3709000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7418000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7418000 USD
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-73238000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-73238000 USD
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104495000 shares
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
81000 USD
CY2021Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-34000 USD
CY2020Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-96000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-88000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-133000 USD
CY2021Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-1843000 USD
CY2020Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-2035000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-3295000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-2890000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-22401000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22401000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-54126000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-54126000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-57475000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-57475000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104495000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104154000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104154000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104387000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104387000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104075000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104075000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.52
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70

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