2016 Q2 Form 10-Q Financial Statement

#000147409816000132 Filed on July 25, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $212.3M $197.7M
YoY Change 7.38% 34.06%
Cost Of Revenue $122.3M $116.0M
YoY Change 5.43% 28.89%
Gross Profit $90.00M $81.70M
YoY Change 10.16% 42.33%
Gross Profit Margin 42.4% 41.33%
Selling, General & Admin $18.80M $17.10M
YoY Change 9.94% 17.12%
% of Gross Profit 20.89% 20.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.80M $24.90M
YoY Change 3.61% 53.7%
% of Gross Profit 28.67% 30.48%
Operating Expenses $44.60M $42.00M
YoY Change 6.19% 35.92%
Operating Profit $45.33M $35.42M
YoY Change 27.98% 34.23%
Interest Expense $11.43M $9.256M
YoY Change 23.51% 47.95%
% of Operating Profit 25.22% 26.13%
Other Income/Expense, Net -$101.0K $0.00
YoY Change
Pretax Income $76.42M $30.10M
YoY Change 153.87% 20.34%
Income Tax $1.982M $3.519M
% Of Pretax Income 2.59% 11.69%
Net Earnings $74.19M $26.49M
YoY Change 180.06% 16.84%
Net Earnings / Revenue 34.95% 13.4%
Basic Earnings Per Share $0.97 $0.28
Diluted Earnings Per Share $0.96 $0.27
COMMON SHARES
Basic Shares Outstanding 71.92M shares 71.74M shares
Diluted Shares Outstanding 72.32M shares 72.43M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.30M $33.20M
YoY Change 9.34% -13.77%
Cash & Equivalents $36.31M $33.21M
Short-Term Investments
Other Short-Term Assets $36.50M $49.10M
YoY Change -25.66% 47.01%
Inventory
Prepaid Expenses
Receivables $29.90M $31.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $102.7M $113.9M
YoY Change -9.83% 19.77%
LONG-TERM ASSETS
Property, Plant & Equipment $2.643B $2.703B
YoY Change -2.23% 51.18%
Goodwill
YoY Change
Intangibles $29.92M $30.51M
YoY Change -1.94% 30.38%
Long-Term Investments $244.4M $247.3M
YoY Change -1.19% -4.27%
Other Assets $7.900M $21.00M
YoY Change -62.38% 9.38%
Total Long-Term Assets $2.895B $2.971B
YoY Change -2.57% 43.86%
TOTAL ASSETS
Total Short-Term Assets $102.7M $113.9M
Total Long-Term Assets $2.895B $2.971B
Total Assets $2.998B $3.085B
YoY Change -2.84% 42.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $159.0M $132.5M
YoY Change 20.0% 67.09%
Accrued Expenses $2.600M $2.500M
YoY Change 4.0% 31.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $214.2M $180.1M
YoY Change 18.93% 60.52%
LONG-TERM LIABILITIES
Long-Term Debt $1.031B $1.147B
YoY Change -10.17% 96.2%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.031B $1.147B
YoY Change -10.17% 96.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $214.2M $180.1M
Total Long-Term Liabilities $1.031B $1.147B
Total Liabilities $1.245B $1.327B
YoY Change -6.23% 90.46%
SHAREHOLDERS EQUITY
Retained Earnings -$84.60M -$108.9M
YoY Change -22.34% 28.43%
Common Stock $719.0K $717.0K
YoY Change 0.28% 12.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.750B $1.756B
YoY Change
Total Liabilities & Shareholders Equity $2.998B $3.085B
YoY Change -2.84% 42.8%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $74.19M $26.49M
YoY Change 180.06% 16.84%
Depreciation, Depletion And Amortization $25.80M $24.90M
YoY Change 3.61% 53.7%
Cash From Operating Activities $70.60M $60.40M
YoY Change 16.89% 51.76%
INVESTING ACTIVITIES
Capital Expenditures -$24.40M -$332.2M
YoY Change -92.66% 463.05%
Acquisitions
YoY Change
Other Investing Activities $108.7M -$100.0K
YoY Change -108800.0% -114.29%
Cash From Investing Activities $84.30M -$332.2M
YoY Change -125.38% 469.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -147.0M 276.5M
YoY Change -153.16% 2077.17%
NET CHANGE
Cash From Operating Activities 70.60M 60.40M
Cash From Investing Activities 84.30M -332.2M
Cash From Financing Activities -147.0M 276.5M
Net Change In Cash 7.900M 4.700M
YoY Change 68.09% -181.03%
FREE CASH FLOW
Cash From Operating Activities $70.60M $60.40M
Capital Expenditures -$24.40M -$332.2M
Free Cash Flow $95.00M $392.6M
YoY Change -75.8% 297.37%

Facts In Submission

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CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6169000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13741000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6344000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13140000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30102000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
33883000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
76420000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
89565000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3320000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1128000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1682000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3233000 USD
CY2015Q2 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
1700000 USD
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
4500000 USD
CY2016Q2 us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
1200000 USD
us-gaap Income Loss From Individually Significant Component Disposed Of Or Held For Sale Excluding Discontinued Operations Before Income Tax
IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax
4100000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3519000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
130000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1982000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1510000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1824000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
357000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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4327000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1987000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9562000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4944000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
2461000 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
2000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4160000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2676000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3081000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-831000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
161000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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-734000 USD
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
690823 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
767125 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
396880 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
493517 shares
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30218000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
29922000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
9256000 USD
us-gaap Interest Expense
InterestExpense
17577000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
11432000 USD
us-gaap Interest Expense
InterestExpense
22233000 USD
us-gaap Interest Paid
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17587000 USD
us-gaap Interest Paid
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21671000 USD
us-gaap Interest Paid Capitalized
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193000 USD
us-gaap Interest Paid Capitalized
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492000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
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2550000 USD
CY2016Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2570000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
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2225168000 USD
CY2016Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2225737000 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
621000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1256000 USD
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
620000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1245000 USD
CY2015Q4 us-gaap Land
Land
499381000 USD
CY2016Q2 us-gaap Land
Land
480366000 USD
CY2015Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2800000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5500000 USD
CY2016Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3000000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5900000 USD
CY2015Q4 us-gaap Liabilities
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1297637000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
1244634000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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3058471000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2997760000 USD
CY2015Q4 us-gaap Line Of Credit
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165000000 USD
CY2016Q2 us-gaap Line Of Credit
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30000000 USD
CY2015Q4 us-gaap Long Term Debt
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1105595000 USD
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
1030498000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
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465400000 USD
CY2016Q2 us-gaap Long Term Debt Fair Value
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340400000 USD
us-gaap Loss On Cash Flow Hedge Ineffectiveness
LossOnCashFlowHedgeIneffectiveness
0 USD
CY2016Q2 us-gaap Loss On Cash Flow Hedge Ineffectiveness
LossOnCashFlowHedgeIneffectiveness
100000 USD
us-gaap Loss On Cash Flow Hedge Ineffectiveness
LossOnCashFlowHedgeIneffectiveness
1872000 USD
us-gaap Loss On Cash Flow Hedge Ineffectiveness
LossOnCashFlowHedgeIneffectiveness
1900000 USD
CY2015Q4 us-gaap Minority Interest
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2445000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
3115000 USD
CY2016Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.003
CY2016Q2 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.997
us-gaap Net Cash Provided By Used In Financing Activities
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245568000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-158392000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-355619000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
51235000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
90380000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
117119000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
26491000 USD
us-gaap Net Income Loss
NetIncomeLoss
33634000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
74190000 USD
us-gaap Net Income Loss
NetIncomeLoss
90769000 USD
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
92000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
119000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
248000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
306000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20004000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20659000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
69949000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
76515000 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
20110000 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 USD
CY2016Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
35 properties
CY2015Q2 us-gaap Occupancy Costs
OccupancyCosts
30982000 USD
us-gaap Occupancy Costs
OccupancyCosts
58965000 USD
CY2016Q2 us-gaap Occupancy Costs
OccupancyCosts
34094000 USD
us-gaap Occupancy Costs
OccupancyCosts
66319000 USD
CY2015Q2 us-gaap Occupancy Revenue
OccupancyRevenue
137443000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
246277000 USD
CY2016Q2 us-gaap Occupancy Revenue
OccupancyRevenue
148450000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
279854000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
35417000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
51332000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
45325000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
75332000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
4077000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-92000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-4635000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-16119000 USD
CY2015Q2 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
53627000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
103463000 USD
CY2016Q2 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
55679000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
111327000 USD
CY2015Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
13417000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
24780000 USD
CY2016Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
14149000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
28294000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-706000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1263000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-101000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1872000 USD
CY2015Q2 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 USD
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 USD
CY2016Q2 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 USD
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
4169000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
53353000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
60117000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
3000000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-3000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4094000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2496000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
140000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39338000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
50376000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
12975000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11934000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2466000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
950000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
139000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4055000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
305146000 USD
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
221000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
44000 USD
CY2015Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6487000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
12975000 USD
CY2016Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4241000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10085000 USD
CY2015Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
350000000 USD
CY2016Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
335000000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
14000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
13400000 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
14000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
13400000 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
140000 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
134000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
45015000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
36452000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
125000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
380000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
254000000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
3020000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
107565000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
26583000 USD
us-gaap Profit Loss
ProfitLoss
33753000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
74438000 USD
us-gaap Profit Loss
ProfitLoss
91075000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
283177000 USD
CY2016Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
323220000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2956761000 USD
CY2016Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2936153000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2673584000 USD
CY2016Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2612933000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
120000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
389000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
55420000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
88939000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9453000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7888000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-105765000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-84596000 USD
CY2015Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
197683000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
361118000 USD
CY2016Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
212272000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
408517000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
319320000 USD
CY2016Q2 us-gaap Secured Debt
SecuredDebt
229696000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4284000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3901000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P6Y
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
160286 shares
us-gaap Stock Issued1
StockIssued1
373000 USD
us-gaap Stock Issued1
StockIssued1
606000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-139000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
120969000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
140025000 USD
CY2016Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4094000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2496000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1758389000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
1750011000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1782411000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1757944000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1760834000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1753126000 USD
CY2015Q2 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
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
185000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
92000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72425952 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72463419 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72319784 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72373376 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71735129 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71696294 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71922904 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71879859 shares
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
321000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
550000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management&#8217;s best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</font></div></div>

Files In Submission

Name View Source Status
0001474098-16-000132-index-headers.html Edgar Link pending
0001474098-16-000132-index.html Edgar Link pending
0001474098-16-000132.txt Edgar Link pending
0001474098-16-000132-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
peb-20160630.xml Edgar Link completed
peb-20160630.xsd Edgar Link pending
peb-20160630ex101.htm Edgar Link pending
peb-20160630ex31.htm Edgar Link pending
peb-20160630ex311.htm Edgar Link pending
peb-20160630ex312.htm Edgar Link pending
peb-20160630ex321.htm Edgar Link pending
peb-20160630ex322.htm Edgar Link pending
peb-20160630x10q.htm Edgar Link pending
peb-20160630_cal.xml Edgar Link unprocessable
peb-20160630_def.xml Edgar Link unprocessable
peb-20160630_lab.xml Edgar Link unprocessable
peb-20160630_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending