2024 Q1 Form 10-K Financial Statement

#000151133724000006 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $324.4M $319.7M $1.326B
YoY Change 3.15% 5.8% 11.05%
Cost Of Revenue $213.5M $208.3M $834.7M
YoY Change 6.21% 6.44% 12.12%
Gross Profit $110.9M $111.4M $490.9M
YoY Change -2.27% 4.61% 9.27%
Gross Profit Margin 34.2% 34.85% 37.03%
Selling, General & Admin $42.94M $39.93M $159.2M
YoY Change 12.1% 10.33% 11.09%
% of Gross Profit 38.71% 35.83% 32.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.68M $44.46M $179.1M
YoY Change -0.7% -0.17% -3.12%
% of Gross Profit 40.28% 39.9% 36.48%
Operating Expenses $301.1M $84.38M $1.173B
YoY Change 5.91% 4.54% 9.42%
Operating Profit -$190.2M $27.04M -$682.3M
YoY Change 11.34% 4.82% 9.52%
Interest Expense $26.46M -$19.43M $98.81M
YoY Change 9.65% 1.45% 6.07%
% of Operating Profit -71.85%
Other Income/Expense, Net $3.191M $858.0K $4.364M
YoY Change 275.85% 10.0% -54.04%
Pretax Income $5.055M $8.268M $77.87M
YoY Change -53.42% 15.17% 78.06%
Income Tax $309.0K $228.0K $1.256M
% Of Pretax Income 6.11% 2.76% 1.61%
Net Earnings $4.937M $2.431M $76.41M
YoY Change -53.62% 738.28% 82.24%
Net Earnings / Revenue 1.52% 0.76% 5.76%
Basic Earnings Per Share -$0.01 $0.32
Diluted Earnings Per Share -$0.01 $0.02 $0.32
COMMON SHARES
Basic Shares Outstanding 155.8M shares 155.8M shares 155.9M shares
Diluted Shares Outstanding 153.0M shares 156.6M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $350.2M $516.7M $516.7M
YoY Change -26.16% 7.35% 7.35%
Cash & Equivalents $350.2M $516.7M $516.7M
Short-Term Investments
Other Short-Term Assets $82.90M $58.05M $58.05M
YoY Change 8.2% -26.6% -26.6%
Inventory
Prepaid Expenses
Receivables $26.75M $26.16M $26.16M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $459.9M $600.9M $600.9M
YoY Change -22.33% 0.33% 0.33%
LONG-TERM ASSETS
Property, Plant & Equipment $4.382B $4.272B $4.272B
YoY Change 1.87% -1.04% -1.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.632M $7.398M $7.398M
YoY Change 5.12% 6.0% 6.0%
Other Assets $40.72M $38.65M $38.65M
YoY Change 30.33% -29.81% -29.81%
Total Long-Term Assets $4.430B $4.318B $4.318B
YoY Change 2.08% -1.39% -1.39%
TOTAL ASSETS
Total Short-Term Assets $459.9M $600.9M $600.9M
Total Long-Term Assets $4.430B $4.318B $4.318B
Total Assets $4.890B $4.919B $4.919B
YoY Change -0.85% -1.18% -1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $138.6M $147.8M $147.8M
YoY Change -4.24% -5.19% -5.19%
Accrued Expenses $133.1M $145.1M $145.1M
YoY Change 4.54% 5.38% 5.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $294.3M $315.4M $315.4M
YoY Change 0.96% 2.33% 2.33%
LONG-TERM LIABILITIES
Long-Term Debt $2.222B $2.221B $2.221B
YoY Change 0.11% 0.15% 0.15%
Other Long-Term Liabilities $36.14M $32.28M $32.28M
YoY Change 29.52% 35.81% 35.81%
Total Long-Term Liabilities $2.258B $2.253B $2.253B
YoY Change 0.48% 0.52% 0.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $294.3M $315.4M $315.4M
Total Long-Term Liabilities $2.258B $2.253B $2.253B
Total Liabilities $2.552B $2.569B $2.582B
YoY Change 0.53% 0.74% 0.74%
SHAREHOLDERS EQUITY
Retained Earnings -$1.072B -$1.055B
YoY Change 1.34% 0.55%
Common Stock $3.004B $3.002B
YoY Change -1.06% -1.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.324B $2.337B $2.337B
YoY Change
Total Liabilities & Shareholders Equity $4.890B $4.919B $4.919B
YoY Change -0.85% -1.18% -1.18%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $4.937M $2.431M $76.41M
YoY Change -53.62% 738.28% 82.24%
Depreciation, Depletion And Amortization $44.68M $44.46M $179.1M
YoY Change -0.7% -0.17% -3.12%
Cash From Operating Activities $20.77M $88.95M $315.1M
YoY Change -50.58% 68.3% 22.85%
INVESTING ACTIVITIES
Capital Expenditures $33.79M $30.37M $132.3M
YoY Change 3.55% -19.52% -27.91%
Acquisitions
YoY Change
Other Investing Activities -$124.2M -$2.372M -$2.400M
YoY Change -10881.82% -104.99%
Cash From Investing Activities -$158.0M -$32.74M -$134.7M
YoY Change 384.07% -13.18% -0.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $75.98M
YoY Change 31.81%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$27.16M -31.26M -$161.5M
YoY Change -32.42% 69.81% -45.91%
NET CHANGE
Cash From Operating Activities $20.77M 88.95M $315.1M
Cash From Investing Activities -$158.0M -32.74M -$134.7M
Cash From Financing Activities -$27.16M -31.26M -$161.5M
Net Change In Cash -$164.4M 24.96M $18.94M
YoY Change 433.49% -864.61% -110.67%
FREE CASH FLOW
Cash From Operating Activities $20.77M $88.95M $315.1M
Capital Expenditures $33.79M $30.37M $132.3M
Free Cash Flow -$13.03M $58.59M $182.8M
YoY Change -238.82% 287.47% 150.65%

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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2023 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Amortization Of Financing Costs
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CY2021 us-gaap Amortization Of Financing Costs
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4960000 usd
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CY2023 us-gaap Share Based Compensation
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Contract With Customer Asset
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CY2021 us-gaap Increase Decrease In Contract With Customer Asset
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CY2023 us-gaap Increase Decrease In Interest Payable Net
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CY2022 us-gaap Increase Decrease In Interest Payable Net
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CY2021 us-gaap Increase Decrease In Interest Payable Net
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12904000 usd
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Commercial Real Estate
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CY2021 us-gaap Payments To Acquire Commercial Real Estate
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CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2023 us-gaap Payments For Deposits On Real Estate Acquisitions
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CY2022 us-gaap Payments For Deposits On Real Estate Acquisitions
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CY2021 us-gaap Payments For Deposits On Real Estate Acquisitions
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CY2022 us-gaap Payments For Capital Improvements
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CY2022 rlj Cash Paidto Equity Method Investment Contribution
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CY2021 rlj Cash Paidto Equity Method Investment Contribution
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Repayments Of Lines Of Credit
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CY2021 us-gaap Repayments Of Lines Of Credit
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CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
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CY2021 us-gaap Repayments Of Unsecured Debt
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CY2021 rlj Repaymentsof Senior Notes
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CY2022 rlj Scheduled Paymentsof Secured Debt
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CY2021 rlj Scheduled Paymentsof Secured Debt
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CY2022 us-gaap Repayments Of Secured Debt
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CY2021 us-gaap Repayments Of Secured Debt
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2023 us-gaap Payments Of Dividends Common Stock
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CY2022 us-gaap Payments Of Dividends Common Stock
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CY2021 us-gaap Payments Of Dividends Common Stock
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CY2023 rlj Paymentsof Distributionson Operating Partnership Units
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CY2022 rlj Paymentsof Distributionson Operating Partnership Units
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CY2023 us-gaap Payments Of Financing Costs
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CY2023 rlj Cashreceivedfromanoncontrollinginterest
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CY2022 rlj Cashreceivedfromanoncontrollinginterest
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CY2021 rlj Cashreceivedfromanoncontrollinginterest
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CY2023 rlj Cash Paid To A Noncontrolling Interest
CashPaidToANoncontrollingInterest
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CY2022 rlj Cash Paid To A Noncontrolling Interest
CashPaidToANoncontrollingInterest
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CY2021 rlj Cash Paid To A Noncontrolling Interest
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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18941000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
555327000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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536386000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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713869000 usd
CY2023Q4 rlj Operating Partnerships Unit Outstanding
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156069660 shares
CY2023 rlj Direct And Indirect Ownership Interest In Operating Partnerships
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0.995
CY2023Q4 us-gaap Number Of Real Estate Properties
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97 property
CY2023Q4 us-gaap Number Of Units In Real Estate Property
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21400 room
CY2023Q4 us-gaap Number Of States In Which Entity Operates
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23 state
CY2023Q4 us-gaap Number Of Real Estate Properties
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97 property
CY2023Q4 rlj Real Estate Interests Numberof Joint Ventures
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1
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2023 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in these financial statements have been reclassified to conform to the current year presentation with no impact to net income (loss) and comprehensive income (loss), shareholders’ equity or cash flows.</span></div>
CY2023 us-gaap Amortization Of Financing Costs
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6100000 usd
CY2022 us-gaap Amortization Of Financing Costs
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6000000 usd
CY2021 us-gaap Amortization Of Financing Costs
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5900000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
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4040505000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
798410000 usd
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
998417000 usd
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
992609000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4117210000 usd
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
745978000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5914037000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5779092000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1777821000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1598764000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4136216000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4180328000 usd
CY2023 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
179100000 usd
CY2022 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
184400000 usd
CY2021 rlj Real Estate Depreciation Expense Excluding Discontinued Operations Expense
RealEstateDepreciationExpenseExcludingDiscontinuedOperationsExpense
187200000 usd
CY2021 rlj Number Of Hotel Properties Evaluated For Impairment
NumberOfHotelPropertiesEvaluatedForImpairment
2 hotels
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q4 rlj Asset Acquisition Percentage Of Shares Acquired
AssetAcquisitionPercentageOfSharesAcquired
1
CY2022 rlj Asset Acquisition Transaction Costs
AssetAcquisitionTransactionCosts
1100000 usd
CY2022Q4 rlj Asset Acquisition Land And Improvements
AssetAcquisitionLandAndImprovements
19807000 usd
CY2022Q4 rlj Asset Acquisition Building And Improvements
AssetAcquisitionBuildingAndImprovements
36223000 usd
CY2022Q4 rlj Asset Acquisition Furniture Fixtures And Equipment
AssetAcquisitionFurnitureFixturesAndEquipment
4081000 usd
CY2022Q4 rlj Asset Acquisition Consideration Transferred Net Assets Acquired And Liabilities Assumed
AssetAcquisitionConsiderationTransferredNetAssetsAcquiredAndLiabilitiesAssumed
60111000 usd
CY2021Q4 rlj Asset Acquisition Percentage Of Shares Acquired
AssetAcquisitionPercentageOfSharesAcquired
1
CY2021Q4 rlj Asset Acquisition Number Of Rooms
AssetAcquisitionNumberOfRooms
561 hotels
CY2021 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
198250000 usd
CY2021 rlj Asset Acquisition Transaction Costs
AssetAcquisitionTransactionCosts
2000000 usd
CY2021Q4 rlj Asset Acquisition Land And Improvements
AssetAcquisitionLandAndImprovements
32550000 usd
CY2021Q4 rlj Asset Acquisition Building And Improvements
AssetAcquisitionBuildingAndImprovements
150400000 usd
CY2021Q4 rlj Asset Acquisition Furniture Fixtures And Equipment
AssetAcquisitionFurnitureFixturesAndEquipment
16472000 usd
CY2021Q4 rlj Asset Acquisition Favorable Lease Asset
AssetAcquisitionFavorableLeaseAsset
4294000 usd
CY2021Q4 rlj Asset Acquisition Fair Value Adjustment Of Liability Assumed
AssetAcquisitionFairValueAdjustmentOfLiabilityAssumed
2554000 usd
CY2021Q4 rlj Asset Acquisition Other Liability Assumed
AssetAcquisitionOtherLiabilityAssumed
898000 usd
CY2021Q4 rlj Asset Acquisition Consideration Transferred Net Assets Acquired And Liabilities Assumed
AssetAcquisitionConsiderationTransferredNetAssetsAcquiredAndLiabilitiesAssumed
200264000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1000000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-2400000 usd
CY2023 us-gaap Revenues
Revenues
1325577000 usd
CY2022 us-gaap Revenues
Revenues
1193662000 usd
CY2021 us-gaap Revenues
Revenues
785664000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2220778000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2217555000 usd
CY2023Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
825000000 usd
CY2022Q4 rlj Unsecured Debt Gross
UnsecuredDebtGross
823662000 usd
CY2023Q4 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
3557000 usd
CY2022Q4 rlj Unamortizeddebtissuancecostsontermloans
Unamortizeddebtissuancecostsontermloans
3126000 usd
CY2023 rlj Lineofcreditfutureborrowingcapacityifextended
Lineofcreditfutureborrowingcapacityifextended
750000000 usd
CY2022 rlj Lineofcreditfutureborrowingcapacityifextended
Lineofcreditfutureborrowingcapacityifextended
750000000 usd
CY2023Q4 rlj Secured Debt Gross
SecuredDebtGross
407833000 usd
CY2022Q4 rlj Secured Debt Gross
SecuredDebtGross
408193000 usd
CY2023Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
170000 usd
CY2022Q4 rlj Unamortizeddebtissuancecostsonmortgageloans
Unamortizeddebtissuancecostsonmortgageloans
481000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6100000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5967000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5884000 usd
CY2023 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
1929000 usd
CY2022 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
679000 usd
CY2021 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-1636000 usd
CY2023 us-gaap Interest Expense
InterestExpense
98807000 usd
CY2022 us-gaap Interest Expense
InterestExpense
93155000 usd
CY2021 us-gaap Interest Expense
InterestExpense
106366000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
381000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
400000000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
25115000 usd
CY2023 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
882000 usd
CY2022 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
284000 usd
CY2021 rlj Paymentsof Dividendson Unvested Restricted Shares
PaymentsofDividendsonUnvestedRestrictedShares
85000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
925000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
525000000 usd
CY2023Q4 rlj Longtermdebttotalfutureminimumprincipalpayments
Longtermdebttotalfutureminimumprincipalpayments
2231000000 usd
CY2023Q4 rlj Debt Instrument Fair Value Adjustment Net
DebtInstrumentFairValueAdjustmentNet
1800000 usd
CY2023Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1275000000 usd
CY2022Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1175000000 usd
CY2023Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
-24829000 usd
CY2022Q4 us-gaap Interest Rate Cash Flow Hedge Derivative At Fair Value Net
InterestRateCashFlowHedgeDerivativeAtFairValueNet
44688000 usd
CY2023 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-22700000 usd
CY2022 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
40600000 usd
CY2023 us-gaap Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
0 usd
CY2022 us-gaap Amount Of Ineffectiveness On Net Investment Hedges
AmountOfIneffectivenessOnNetInvestmentHedges
0 usd
CY2023 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
29800000 usd
CY2023Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
16600000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2220778000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2217555000 usd
CY2023Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
13 hotel
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
16700000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
15900000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
13100000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
16678000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
15908000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
13123000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10427000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10443000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11091000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11598000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
11094000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
538093000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
592746000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
470158000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
122588000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P62Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0729
CY2023 rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Minimum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMinimum
0.030
CY2023 rlj Restricted Cash Reserves Escrows As Percentage Of Revenue Required To Be Maintained Maximum
RestrictedCashReservesEscrowsAsPercentageOfRevenueRequiredToBeMaintainedMaximum
0.050
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
38700000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
28200000 usd
CY2023Q4 rlj Number Of Real Estate Properties Operated Under Management Agreements
NumberOfRealEstatePropertiesOperatedUnderManagementAgreements
96 hotel
CY2023 rlj Management Agreements Number Of Management Companies
ManagementAgreementsNumberOfManagementCompanies
15 agreement
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
35
CY2023Q4 rlj Number Of Real Estate Properties Operated Under Management Agreements
NumberOfRealEstatePropertiesOperatedUnderManagementAgreements
96 hotel
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
35
CY2023Q4 rlj Number Of Hotels Without Franchise Agreements
NumberOfHotelsWithoutFranchiseAgreements
2 hotel
CY2023 us-gaap Undistributed Earnings
UndistributedEarnings
0 usd
CY2022 us-gaap Undistributed Earnings
UndistributedEarnings
0 usd
CY2021 us-gaap Undistributed Earnings
UndistributedEarnings
0 usd
CY2023 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
50408000 usd
CY2022 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
16526000 usd
CY2021 rlj Net Income Loss Available To Common Stockholders Basic Excluding Amounts Attributable To Unvested Restricted Shares
NetIncomeLossAvailableToCommonStockholdersBasicExcludingAmountsAttributableToUnvestedRestrictedShares
-330368000 usd
CY2011Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
76000000 usd
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4907094 shares
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
57600000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2011Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
0.2806 rate
CY2023Q4 rlj Operating Partnerships Unit Outstanding
OperatingPartnershipsUnitOutstanding
156069660 shares
CY2023 rlj Direct And Indirect Ownership Interest In Operating Partnerships
DirectAndIndirectOwnershipInterestInOperatingPartnerships
0.995
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
6828527 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2688397 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
76405000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
41925000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-305168000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
25115000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
25115000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
155928663 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161947807 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
163998390 shares
CY2023 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
538023 shares
CY2022 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
345058 shares
CY2021 rlj Incremental Common Shares Attributable To Unvested Restricted Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedShares
0 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
89728 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156556414 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162292865 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
163998390 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.01
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.01
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
200000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
162000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1061000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1374000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1228000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-4000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-15000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-30000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-10000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1256000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1518000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1188000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
16353000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9184000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-65079000 usd
CY2023 rlj Income Tax Reconciliation Income Loss Of Passthrough Entities
IncomeTaxReconciliationIncomeLossOfPassthroughEntities
15443000 usd
CY2022 rlj Income Tax Reconciliation Income Loss Of Passthrough Entities
IncomeTaxReconciliationIncomeLossOfPassthroughEntities
-1659000 usd
CY2021 rlj Income Tax Reconciliation Income Loss Of Passthrough Entities
IncomeTaxReconciliationIncomeLossOfPassthroughEntities
-60856000 usd
CY2023 rlj Income Tax Expense Benefit At Trs
IncomeTaxExpenseBenefitAtTRS
910000 usd
CY2022 rlj Income Tax Expense Benefit At Trs
IncomeTaxExpenseBenefitAtTRS
10843000 usd
CY2021 rlj Income Tax Expense Benefit At Trs
IncomeTaxExpenseBenefitAtTRS
-4223000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
120000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-11945000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6489000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1006000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2861000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
650000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-780000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-241000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1728000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1256000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1518000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1188000 usd
CY2023Q4 rlj Deferred Tax Liabilities Partnership Basis
DeferredTaxLiabilitiesPartnershipBasis
2315000 usd
CY2022Q4 rlj Deferred Tax Liabilities Partnership Basis
DeferredTaxLiabilitiesPartnershipBasis
3463000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
813000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
675000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3128000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4138000 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
6940000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
5936000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
3719000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
3866000 usd
CY2023Q4 rlj Deferred Tax Assets Incentive And Vacation Accrual
DeferredTaxAssetsIncentiveAndVacationAccrual
1767000 usd
CY2022Q4 rlj Deferred Tax Assets Incentive And Vacation Accrual
DeferredTaxAssetsIncentiveAndVacationAccrual
1387000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
70000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
78000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
892000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2034000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
64275000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
65246000 usd
CY2023Q4 rlj Deferred Tax Assets Historic Tax Credits
DeferredTaxAssetsHistoricTaxCredits
824000 usd
CY2022Q4 rlj Deferred Tax Assets Historic Tax Credits
DeferredTaxAssetsHistoricTaxCredits
824000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
75336000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
75215000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
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