2019 Q3 Form 10-Q Financial Statement

#000151133719000064 Filed on November 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $371.1M $447.0M
YoY Change -16.98% 31.0%
Cost Of Revenue $228.6M $273.4M
YoY Change -16.39% 33.95%
Gross Profit $142.6M $173.6M
YoY Change -17.86% 26.62%
Gross Profit Margin 38.42% 38.83%
Selling, General & Admin $40.10M $46.00M
YoY Change -12.83% 38.97%
% of Gross Profit 28.12% 26.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.30M $60.30M
YoY Change -18.24% 33.41%
% of Gross Profit 34.57% 34.74%
Operating Expenses $317.7M $380.1M
YoY Change -16.41% 20.62%
Operating Profit -$175.1M $66.98M
YoY Change -361.42% 156.03%
Interest Expense $23.33M $24.63M
YoY Change -5.26% 25.34%
% of Operating Profit 36.77%
Other Income/Expense, Net $315.0K $856.0K
YoY Change -63.2% 678.18%
Pretax Income $31.93M $78.81M
YoY Change -59.49% 651.6%
Income Tax -$529.0K $4.156M
% Of Pretax Income -1.66% 5.27%
Net Earnings $32.46M $73.98M
YoY Change -56.12% 1790.01%
Net Earnings / Revenue 8.75% 16.55%
Basic Earnings Per Share $0.15 $0.39
Diluted Earnings Per Share $0.15 $0.39
COMMON SHARES
Basic Shares Outstanding 170.5M shares 174.3M shares
Diluted Shares Outstanding 170.6M shares 174.5M shares

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $845.9M $425.4M
YoY Change 98.85% 1.0%
Cash & Equivalents $845.9M $425.4M
Short-Term Investments
Other Short-Term Assets $43.70M $77.20M
YoY Change -43.39% 6.48%
Inventory
Prepaid Expenses
Receivables $54.10M $76.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $943.7M $579.5M
YoY Change 62.85% 2.66%
LONG-TERM ASSETS
Property, Plant & Equipment $4.823B $5.373B
YoY Change -10.25% -10.11%
Goodwill
YoY Change
Intangibles $0.00 $53.63M
YoY Change -100.0% -64.5%
Long-Term Investments $16.23M $22.47M
YoY Change -27.76% -9.96%
Other Assets $93.10M $156.0M
YoY Change -40.32% 6.12%
Total Long-Term Assets $4.932B $5.605B
YoY Change -12.01% -11.04%
TOTAL ASSETS
Total Short-Term Assets $943.7M $579.5M
Total Long-Term Assets $4.932B $5.605B
Total Assets $5.876B $6.185B
YoY Change -5.0% -9.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $193.0M $204.0M
YoY Change -5.39% -25.36%
Accrued Expenses $135.5M $14.30M
YoY Change 847.55% -12.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $392.7M $284.0M
YoY Change 38.27% -10.16%
LONG-TERM LIABILITIES
Long-Term Debt $2.199B $2.290B
YoY Change -3.97% -20.64%
Other Long-Term Liabilities $24.70M $29.50M
YoY Change -16.27% -14.49%
Total Long-Term Liabilities $2.224B $2.320B
YoY Change -4.13% -20.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $392.7M $284.0M
Total Long-Term Liabilities $2.224B $2.320B
Total Liabilities $2.619B $2.609B
YoY Change 0.39% -19.66%
SHAREHOLDERS EQUITY
Retained Earnings -$246.9M -$113.8M
YoY Change 116.89% 349.5%
Common Stock $3.139B $3.217B
YoY Change -2.41% 0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.232B $3.508B
YoY Change
Total Liabilities & Shareholders Equity $5.876B $6.185B
YoY Change -5.0% -9.91%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $32.46M $73.98M
YoY Change -56.12% 1790.01%
Depreciation, Depletion And Amortization $49.30M $60.30M
YoY Change -18.24% 33.41%
Cash From Operating Activities $112.4M $117.7M
YoY Change -4.5% 78.88%
INVESTING ACTIVITIES
Capital Expenditures -$27.60M -$59.20M
YoY Change -53.38% 200.51%
Acquisitions
YoY Change
Other Investing Activities $176.1M $330.6M
YoY Change -46.73% -2832.23%
Cash From Investing Activities $148.5M $271.4M
YoY Change -45.28% -953.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -112.3M -346.3M
YoY Change -67.57% 361.73%
NET CHANGE
Cash From Operating Activities 112.4M 117.7M
Cash From Investing Activities 148.5M 271.4M
Cash From Financing Activities -112.3M -346.3M
Net Change In Cash 148.6M 42.80M
YoY Change 247.2% -204.39%
FREE CASH FLOW
Cash From Operating Activities $112.4M $117.7M
Capital Expenditures -$27.60M -$59.20M
Free Cash Flow $140.0M $176.9M
YoY Change -20.86% 106.9%

Facts In Submission

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us-gaap Preferred Stock Dividends And Other Adjustments
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us-gaap Preferred Stock Dividends Income Statement Impact
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CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Profit Loss
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CY2018Q3 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Preferred Stock Dividends And Other Adjustments
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us-gaap Preferred Stock Dividends And Other Adjustments
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us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2018Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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CY2019Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
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CY2018Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
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us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
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329000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
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us-gaap Other Preferred Stock Dividends And Adjustments
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CY2019Q3 rlj Comprehensive Income Loss Attributableto Common Shareholders
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CY2018Q3 rlj Comprehensive Income Loss Attributableto Common Shareholders
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rlj Comprehensive Income Loss Attributableto Common Shareholders
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rlj Comprehensive Income Loss Attributableto Common Shareholders
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us-gaap Net Income Loss
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Dividends Preferred Stock
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us-gaap Stock Redeemed Or Called During Period Value
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CY2019Q3 rlj Contributionsfromanoncontrollinginterest
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CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3217000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2019Q3 us-gaap Stock Repurchased During Period Value
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CY2019Q3 us-gaap Restricted Stock Award Forfeitures
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CY2019Q3 us-gaap Dividends Preferred Stock
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CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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rlj Contributionsfromanoncontrollinginterest
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us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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us-gaap Dividends Preferred Stock
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us-gaap Preferred Stock Dividends And Other Adjustments
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CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q3 us-gaap Profit Loss
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CY2018Q3 rlj Contributionsfromanoncontrollinginterest
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4085000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2018Q3 us-gaap Restricted Stock Award Forfeitures
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CY2018Q3 us-gaap Dividends Preferred Stock
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CY2018Q3 us-gaap Preferred Stock Dividends And Other Adjustments
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CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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6010000 USD
us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
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us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Equity Method Investment Dividends Or Distributions
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1295000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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2050000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Deferred Income Tax Expense Benefit
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2950000 USD
us-gaap Deferred Income Tax Expense Benefit
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5270000 USD
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2905000 USD
us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
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3801000 USD
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5793000 USD
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us-gaap Net Cash Provided By Used In Operating Activities
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305551000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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313474000 USD
us-gaap Proceeds From Sale Of Productive Assets
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623575000 USD
us-gaap Proceeds From Sale Of Productive Assets
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447737000 USD
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us-gaap Payments For Capital Improvements
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rlj Cash Paidto Equity Method Investment Contribution
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rlj Cash Paidto Equity Method Investment Contribution
CashPaidtoEquityMethodInvestmentContribution
0 USD
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2436000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0 USD
us-gaap Net Cash Provided By Used In Investing Activities
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507537000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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303426000 USD
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140000000 USD
us-gaap Proceeds From Lines Of Credit
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300000000 USD
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140000000 USD
us-gaap Repayments Of Lines Of Credit
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300000000 USD
rlj Repaymentsof Senior Notes
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rlj Repaymentsof Senior Notes
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539025000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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381000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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0 USD
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3172000 USD
us-gaap Payments For Repurchase Of Equity
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65635000 USD
us-gaap Payments For Repurchase Of Equity
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0 USD
us-gaap Payments For Repurchase Of Common Stock
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1293000 USD
us-gaap Proceeds From Repayments Of Secured Debt
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us-gaap Proceeds From Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
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4818000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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18836000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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18836000 USD
us-gaap Payments Of Dividends Common Stock
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171978000 USD
us-gaap Payments Of Dividends Common Stock
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173367000 USD
rlj Paymentsof Distributionson Operating Partnership Units
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888000 USD
rlj Paymentsof Distributionson Operating Partnership Units
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766000 USD
us-gaap Payments Of Financing Costs
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4687000 USD
us-gaap Payments Of Financing Costs
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3615000 USD
us-gaap Payments Of Distributions To Affiliates
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312000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1113000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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45583000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
rlj Cashreceivedfromanoncontrollinginterest
Cashreceivedfromanoncontrollinginterest
2446000 USD
rlj Cashreceivedfromanoncontrollinginterest
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110000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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509650000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-155579000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
384842000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
659076000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
894492000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
503497000 USD
CY2019Q3 rlj Operating Partnerships Unit Outstanding
OperatingPartnershipsUnitOutstanding
171405107 shares
rlj Direct And Indirect Ownership Interest In Operating Partnerships
DirectAndIndirectOwnershipInterestInOperatingPartnerships
0.995
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
109 property
CY2019Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
23400 room
CY2019Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 state
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
109 property
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the Company’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.</span></div>
CY2019Q3 rlj Real Estate Interests Numberof Joint Ventures
RealEstateInterestsNumberofJointVentures
2 joint_venture
CY2019Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span 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 and comprehensive income, shareholders’ equity or cash flows.</span></div>
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
150803000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
52448000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5676000 USD
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
203833000 USD
CY2019Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
183129000 USD
CY2018Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
124735000 USD
CY2019Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
1095632000 USD
CY2018Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
1209416000 USD
CY2019Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4079476000 USD
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4694490000 USD
CY2019Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
686685000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
813797000 USD
CY2019Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5861793000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6717703000 USD
CY2019Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1184774000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1339052000 USD
CY2019Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4677019000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5378651000 USD
CY2019Q3 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
48900000 USD
rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
160900000 USD
CY2018Q3 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
58500000 USD
rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
176400000 USD
CY2019Q3 us-gaap Equity Method Investments
EquityMethodInvestments
16234000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22279000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-135000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
219000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2919000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
637000 USD
CY2019Q3 us-gaap Revenues
Revenues
371124000 USD
CY2018Q3 us-gaap Revenues
Revenues
447042000 USD
us-gaap Revenues
Revenues
1219118000 USD
us-gaap Revenues
Revenues
1361327000 USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
0 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
23333000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
24629000 USD
CY2018Q3 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
0 USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-402000 USD
us-gaap Interest Expense
InterestExpense
68632000 USD
us-gaap Interest Expense
InterestExpense
78772000 USD
CY2019Q3 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1674000000 USD
CY2018Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
2083250000 USD
CY2019Q3 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
-27515000 USD
CY2018Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
16195000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-27500000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
16200000 USD
CY2019Q3 us-gaap Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
0 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
2199301000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
2202676000 USD
CY2019Q3 rlj Unsecured Debt Gross
UnsecuredDebtGross
1175000000 USD
CY2018Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
1175000000 USD
CY2019Q3 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
4562000 USD
CY2018Q4 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
5835000 USD
CY2019Q3 rlj Secured Debt Gross
SecuredDebtGross
531317000 USD
CY2018Q4 rlj Secured Debt Gross
SecuredDebtGross
528622000 USD
CY2019Q3 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
4232000 USD
CY2018Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
433000 USD
CY2019Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1116000 USD
CY2018Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
880000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3018000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2688000 USD
CY2019Q3 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-457000 USD
CY2019Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
3100000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
2199301000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
2202676000 USD
rlj Minimum Percentage Of Adjusted Taxable Income Currently Distributed To Qualify As Reit
MinimumPercentageOfAdjustedTaxableIncomeCurrentlyDistributedToQualifyAsREIT
0.90
CY2019Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
12 hotel
CY2019Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4000000.0 USD
CY2019Q3 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
2900000 USD
CY2019Q3 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
1100000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
11800000 USD
us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
8700000 USD
us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
3100000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
2778000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
11200000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
11141000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
11257000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
11735000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
11840000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10124000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10218000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
10188000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
10283000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
554415000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
557647000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
600381000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
612445000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
478598000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
121783000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P63Y
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0706
rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Minimum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMinimum
0.030
rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Maximum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMaximum
0.050
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
48600000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
64700000 USD
CY2016Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
8300000 USD
CY2019Q3 rlj Number Of Real Estate Properties Operated Under Management Agreements
NumberOfRealEstatePropertiesOperatedUnderManagementAgreements
108 hotel
CY2016Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
37 hotel
rlj Termof Management Noi Guaranty
TermofManagementNOIGuaranty
10 increment
rlj Noi Guaranteeoverlifeofagreement
NOIGuaranteeoverlifeofagreement
100000000.0 USD
rlj Noi Guaranteeannuallimit
NOIGuaranteeannuallimit
21500000 USD
rlj Noi Guarantee Termination Payment
NOIGuaranteeTerminationPayment
35000000.0 USD
rlj Noi Guarantee Key Money Loan
NOIGuaranteeKeyMoneyLoan
4600000 USD
rlj Noi Guarantee Termination Payment
NOIGuaranteeTerminationPayment
35000000.0 USD
rlj Noi Guarantee Key Money Loan
NOIGuaranteeKeyMoneyLoan
4600000 USD
CY2019Q3 rlj Number Of Real Estate Properties Operated Under Franchise Agreements
NumberOfRealEstatePropertiesOperatedUnderFranchiseAgreements
70 hotel
CY2016Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
37 hotel
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
400000000.0 USD
CY2017Q1 rlj Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
40000000.0 USD
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
440000000.0 USD
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000.0 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3836582 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
65600000 USD
CY2019Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
194700000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
45000000.0 USD
rlj Proceedsnetofissuancecostsontheissuanceofpreferredequityinaconsolidatedjointventure
Proceedsnetofissuancecostsontheissuanceofpreferredequityinaconsolidatedjointventure
44400000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7500000 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2458780 shares
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
32463000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
73975000 USD
us-gaap Net Income Loss
NetIncomeLoss
93160000 USD
us-gaap Net Income Loss
NetIncomeLoss
161378000 USD
CY2019Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6279000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18836000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18836000 USD
CY2019Q3 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
342000 USD
CY2018Q3 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
274000 USD
rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
1032000 USD
rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
937000 USD
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
46000 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
0 USD
CY2019Q3 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
25842000 USD
CY2018Q3 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
67376000 USD
rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
73292000 USD
rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
141605000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170495699 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174326198 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171976429 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174253393 shares
CY2019Q3 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
105088 shares
CY2018Q3 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
129075 shares
rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
90044 shares
rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
109523 shares
CY2019Q3 rlj Incremental Common Shares Attributable To Performance Units
IncrementalCommonSharesAttributableToPerformanceUnits
0 shares
CY2018Q3 rlj Incremental Common Shares Attributable To Performance Units
IncrementalCommonSharesAttributableToPerformanceUnits
24068 shares
rlj Incremental Common Shares Attributable To Performance Units
IncrementalCommonSharesAttributableToPerformanceUnits
0 shares
rlj Incremental Common Shares Attributable To Performance Units
IncrementalCommonSharesAttributableToPerformanceUnits
2185 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170600787 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174479341 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172066473 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174365101 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
845882000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
425384000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
48610000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
78113000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
894492000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
503497000 USD
us-gaap Interest Paid
InterestPaid
63586000 USD
us-gaap Interest Paid
InterestPaid
84377000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2520000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1902000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
11505000 USD
rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
GrossProceedsfromSaleofRealEstateHeldforinvestment
640681000 USD
rlj Gross Proceedsfrom Saleof Real Estate Heldforinvestment
GrossProceedsfromSaleofRealEstateHeldforinvestment
456600000 USD
rlj Disposal Group Costof Dispositionof Property Plantand Equipment
DisposalGroupCostofDispositionofPropertyPlantandEquipment
9224000 USD
rlj Disposal Group Costof Dispositionof Property Plantand Equipment
DisposalGroupCostofDispositionofPropertyPlantandEquipment
8432000 USD
rlj Noncash Divestiture Of Other Assets
NoncashDivestitureOfOtherAssets
7882000 USD
rlj Noncash Divestiture Of Other Assets
NoncashDivestitureOfOtherAssets
431000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
623575000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
447737000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6857000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5879000 USD

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