2015 Q2 Form 10-Q Financial Statement

#000151133715000146 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $301.3M $295.0M
YoY Change 2.1% 13.12%
Cost Of Revenue $166.6M $163.8M
YoY Change 1.71% 11.66%
Gross Profit $134.6M $131.3M
YoY Change 2.51% 15.07%
Gross Profit Margin 44.68% 44.5%
Selling, General & Admin $28.70M $28.10M
YoY Change 2.14% 9.77%
% of Gross Profit 21.32% 21.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.80M $35.40M
YoY Change 6.78% 10.63%
% of Gross Profit 28.08% 26.96%
Operating Expenses $233.9M $229.7M
YoY Change 1.84% 11.79%
Operating Profit $67.34M $65.37M
YoY Change 3.02% 18.06%
Interest Expense $12.34M $14.14M
YoY Change -12.78% -15.75%
% of Operating Profit 18.32% 21.63%
Other Income/Expense, Net $456.0K $400.0K
YoY Change 14.0% 300.0%
Pretax Income $55.83M $52.60M
YoY Change 6.15% 35.15%
Income Tax $89.00K $494.0K
% Of Pretax Income 0.16% 0.94%
Net Earnings $56.41M $53.36M
YoY Change 5.71% 31.72%
Net Earnings / Revenue 18.73% 18.09%
Basic Earnings Per Share $0.43 $0.42
Diluted Earnings Per Share $0.42 $0.42
COMMON SHARES
Basic Shares Outstanding 130.7M shares 125.3M shares
Diluted Shares Outstanding 131.6M shares 126.5M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $263.9M $373.7M
YoY Change -29.38% 42.15%
Cash & Equivalents $263.9M $373.7M
Short-Term Investments
Other Short-Term Assets $33.80M $33.30M
YoY Change 1.5% -14.18%
Inventory
Prepaid Expenses
Receivables $31.80M $35.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $329.5M $442.0M
YoY Change -25.45% 31.74%
LONG-TERM ASSETS
Property, Plant & Equipment $3.507B $3.589B
YoY Change -2.29% 11.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $76.90M $74.80M
YoY Change 2.81% -2.98%
Total Long-Term Assets $3.593B $3.667B
YoY Change -2.02% 10.5%
TOTAL ASSETS
Total Short-Term Assets $329.5M $442.0M
Total Long-Term Assets $3.593B $3.667B
Total Assets $3.922B $4.109B
YoY Change -4.54% 12.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.4M $117.9M
YoY Change -0.42% 45.38%
Accrued Expenses $2.700M $2.700M
YoY Change 0.0% 28.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $166.3M $151.5M
YoY Change 9.77% 38.61%
LONG-TERM LIABILITIES
Long-Term Debt $1.402B $1.560B
YoY Change -10.13% 12.58%
Other Long-Term Liabilities $10.90M $11.00M
YoY Change -0.91% -6.78%
Total Long-Term Liabilities $1.413B $1.571B
YoY Change -10.06% 12.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $166.3M $151.5M
Total Long-Term Liabilities $1.413B $1.571B
Total Liabilities $1.587B $1.726B
YoY Change -8.06% 14.23%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.365B $2.417B
YoY Change -2.14% 11.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.318B $2.365B
YoY Change
Total Liabilities & Shareholders Equity $3.922B $4.109B
YoY Change -4.54% 12.45%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $56.41M $53.36M
YoY Change 5.71% 31.72%
Depreciation, Depletion And Amortization $37.80M $35.40M
YoY Change 6.78% 10.63%
Cash From Operating Activities $101.8M $100.4M
YoY Change 1.39% 52.82%
INVESTING ACTIVITIES
Capital Expenditures -$37.40M -$23.70M
YoY Change 57.81% 63.45%
Acquisitions
YoY Change
Other Investing Activities -$7.900M -$176.3M
YoY Change -95.52% 67.9%
Cash From Investing Activities -$45.30M -$200.0M
YoY Change -77.35% 67.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $232.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -132.4M 202.5M
YoY Change -165.38% -768.32%
NET CHANGE
Cash From Operating Activities 101.8M 100.4M
Cash From Investing Activities -45.30M -200.0M
Cash From Financing Activities -132.4M 202.5M
Net Change In Cash -75.90M 102.9M
YoY Change -173.76% -222.21%
FREE CASH FLOW
Cash From Operating Activities $101.8M $100.4M
Capital Expenditures -$37.40M -$23.70M
Free Cash Flow $139.2M $124.1M
YoY Change 12.17% 54.74%

Facts In Submission

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0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
CY2014Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
498126000 USD
CY2015Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
522688000 USD
CY2014Q2 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
18746000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
35619000 USD
CY2015Q2 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
20492000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
41256000 USD
CY2014Q2 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
27481000 USD
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
50848000 USD
CY2015Q2 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
29587000 USD
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
58580000 USD
CY2014Q2 us-gaap Franchise Costs
FranchiseCosts
19100000 USD
us-gaap Franchise Costs
FranchiseCosts
34800000 USD
CY2015Q2 us-gaap Franchise Costs
FranchiseCosts
19200000 USD
us-gaap Franchise Costs
FranchiseCosts
36300000 USD
CY2014Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1260000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1297000 USD
CY2015Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
672000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
22970000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1297000 USD
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10135000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20264000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10393000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20792000 USD
CY2014Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
51652000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
66124000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
55324000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
81028000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
52595000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
12335000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-40000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2625000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3611000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1820000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3113000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
14142000 USD
us-gaap Interest Expense
InterestExpense
28788000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
67431000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
55827000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
82006000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
52101000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
66643000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
55738000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
81542000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
494000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
788000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
464000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1319000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1384000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4714000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18727000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11497000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6111000 USD
us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
590000 USD
us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
870000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-15000 USD
us-gaap Interest Expense
InterestExpense
25843000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
14272000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
16183000 USD
CY2014Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
5800000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
11600000 USD
CY2015Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
3700000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
8800000 USD
us-gaap Interest Paid
InterestPaid
26373000 USD
us-gaap Interest Paid
InterestPaid
23827000 USD
CY2014Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2783000 USD
CY2015Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2743000 USD
CY2014Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
3005390000 USD
CY2015Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
3044096000 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
962000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1285000 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
363000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
808000 USD
CY2014Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
706497000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4128379000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3922339000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
1749895000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
1586615000 USD
CY2015Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
706932000 USD
CY2015Q2 us-gaap Long Term Debt
LongTermDebt
1025000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
195000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
17493000 USD
CY2015Q2 us-gaap Minority Interest
MinorityInterest
17379000 USD
CY2014Q4 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
6295000 USD
CY2015Q2 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
6077000 USD
CY2014Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
11198000 USD
CY2015Q2 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
11302000 USD
us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
1 loan
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
320005000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-303531000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-410562000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
159033000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132041000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
145921000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52904000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
64836000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
55991000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
103841000 USD
us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
750000 USD
us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
504103000 USD
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
1636000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
1974000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
0 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
79000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
45000 USD
CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
46000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-23000 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
378000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
465000 USD
CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
373000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
694000 USD
CY2015Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
125 property
CY2015Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
21 state
CY2015Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
20374 room
CY2014Q2 us-gaap Occupancy Costs
OccupancyCosts
54136000 USD
us-gaap Occupancy Costs
OccupancyCosts
101657000 USD
CY2015Q2 us-gaap Occupancy Costs
OccupancyCosts
55207000 USD
us-gaap Occupancy Costs
OccupancyCosts
109293000 USD
CY2014Q2 us-gaap Occupancy Revenue
OccupancyRevenue
259447000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
465472000 USD
CY2015Q2 us-gaap Occupancy Revenue
OccupancyRevenue
262240000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
494799000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
229677000 USD
us-gaap Operating Expenses
OperatingExpenses
437001000 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
233909000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
94419000 USD
us-gaap Operating Expenses
OperatingExpenses
465162000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
65370000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
67343000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
106495000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
482000 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
407000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6913000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-8274000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5919000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3484000 USD
CY2014Q2 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
59837000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
116213000 USD
CY2015Q2 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
59228000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
119809000 USD
CY2014Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
8119000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
15100000 USD
CY2015Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
9425000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
18278000 USD
CY2014Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
405000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
515000 USD
CY2015Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
456000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
546000 USD
CY2014Q2 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
12000000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
21100000 USD
CY2015Q2 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
12500000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
23400000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
38581000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
64695000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-6246000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
7000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2599000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3800000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
59841000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
56469000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
83204000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1579000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
118000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
222000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
504103000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1182000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
195000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
42115000 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
33757000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
232814000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
175000000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
258500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
124076000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
227837000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
53361000 USD
us-gaap Profit Loss
ProfitLoss
65346000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
56410000 USD
us-gaap Profit Loss
ProfitLoss
104512000 USD
us-gaap Provision For Other Losses
ProvisionForOtherLosses
804000 USD
us-gaap Provision For Other Losses
ProvisionForOtherLosses
0 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
693717000 USD
CY2015Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
767265000 USD
CY2015Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4276223000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3518803000 USD
CY2015Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3508958000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
258500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
25569000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
155808000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
63054000 USD
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
59941000 USD
CY2014Q2 us-gaap Revenues
Revenues
295047000 USD
us-gaap Revenues
Revenues
531420000 USD
CY2015Q2 us-gaap Revenues
Revenues
301252000 USD
us-gaap Revenues
Revenues
571657000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
532747000 USD
CY2015Q2 us-gaap Secured Debt
SecuredDebt
376939000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7393000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7791000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
2168 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
30.53
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7500000 shares
CY2015Q3 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
202734 shares
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
61000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
66000 USD
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
9200000 shares
CY2015Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
838934 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
232814000 USD
CY2015Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 USD
CY2016Q2 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2016-04-30
CY2015Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
140200000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
-1995177 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
-59841000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
2360991000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
2318345000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2146334000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2382964000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2378484000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2335724000 USD
CY2014Q2 us-gaap Undistributed Earnings
UndistributedEarnings
-184000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
-67000 USD
CY2015Q2 us-gaap Undistributed Earnings
UndistributedEarnings
-72000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
-95000 USD
CY2014Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
200000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
100000 USD
CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
72000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
95000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2014Q4 us-gaap Unsecured Debt
UnsecuredDebt
1025000000 USD
CY2015Q2 us-gaap Unsecured Debt
UnsecuredDebt
1025000000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126475051 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124696925 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131618693 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131947932 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125260607 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123510507 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130670629 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130969957 shares
us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income, shareholders&#8217; equity or cash flows.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the Company&#8217;s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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0001511337-15-000146-index-headers.html Edgar Link pending
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0001511337-15-000146.txt Edgar Link pending
0001511337-15-000146-xbrl.zip Edgar Link pending
exhibit3116302015.htm Edgar Link pending
exhibit3126302015.htm Edgar Link pending
exhibit3216302015.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
rlj-20150630.xml Edgar Link completed
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