$SHO
Sunstone Hotel Investors, Inc.

2023 Q3 Form 10-Q Financial Statement

#000155837023013385 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $247.7M $276.1M
YoY Change 1.39% 9.88%
Cost Of Revenue $94.90M $100.8M
YoY Change 2.69% 12.14%
Gross Profit $152.8M $175.3M
YoY Change 0.59% 8.63%
Gross Profit Margin 61.69% 63.49%
Selling, General & Admin $11.15M $94.46M
YoY Change -5.14% 644.62%
% of Gross Profit 7.3% 53.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.10M $32.38M
YoY Change 4.31% 4.87%
% of Gross Profit 21.66% 18.47%
Operating Expenses $220.9M $126.9M
YoY Change 3.04% -38.94%
Operating Profit -$68.07M $48.45M
YoY Change 9.01% -204.49%
Interest Expense $11.89M -$9.223M
YoY Change 28.32% -255.32%
% of Operating Profit -19.03%
Other Income/Expense, Net $1.200M $4.639M
YoY Change 344.44% 3899.14%
Pretax Income $16.16M $43.88M
YoY Change -19.99% 16.33%
Income Tax $602.0K $803.0K
% Of Pretax Income 3.73% 1.83%
Net Earnings $15.56M $39.11M
YoY Change -24.06% 3.77%
Net Earnings / Revenue 6.28% 14.17%
Basic Earnings Per Share $0.06 $0.19
Diluted Earnings Per Share $0.06 $0.19
COMMON SHARES
Basic Shares Outstanding 207.2M 207.1M
Diluted Shares Outstanding 205.8M 206.8M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.8M $107.8M
YoY Change -3.22% 0.48%
Cash & Equivalents $113.8M $107.8M
Short-Term Investments
Other Short-Term Assets $319.0M $70.94M
YoY Change 393.6% 18.73%
Inventory
Prepaid Expenses
Receivables $28.60M $48.04M
Other Receivables $0.00 $0.00
Total Short-Term Assets $461.4M $226.8M
YoY Change 102.4% 8.41%
LONG-TERM ASSETS
Property, Plant & Equipment $3.311M $2.849B
YoY Change -35.24% 52742.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.80M $10.13M
YoY Change 233.15% 8.87%
Total Long-Term Assets $2.627B $2.859B
YoY Change -8.85% -0.63%
TOTAL ASSETS
Total Short-Term Assets $461.4M $226.8M
Total Long-Term Assets $2.627B $2.859B
Total Assets $3.089B $3.086B
YoY Change -0.69% -0.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.90M $40.23M
YoY Change 11.06% -30.47%
Accrued Expenses $4.200M $29.51M
YoY Change -86.84% -2.59%
Deferred Revenue $44.09M
YoY Change 6.7%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.065M
YoY Change 25.46%
Total Short-Term Liabilities $159.7M $146.9M
YoY Change -4.88% -3.28%
LONG-TERM LIABILITIES
Long-Term Debt $814.7M $812.8M
YoY Change 0.47% 1.29%
Other Long-Term Liabilities $26.70M $25.41M
YoY Change 178.85% 178.69%
Total Long-Term Liabilities $841.4M $838.2M
YoY Change 2.55% 3.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $159.7M $146.9M
Total Long-Term Liabilities $841.4M $838.2M
Total Liabilities $1.001B $985.1M
YoY Change -0.55% 0.19%
SHAREHOLDERS EQUITY
Retained Earnings $1.100B
YoY Change 10.24%
Common Stock $2.056M $2.072M
YoY Change -2.84% -2.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.088B $2.101B
YoY Change
Total Liabilities & Shareholders Equity $3.089B $3.086B
YoY Change -0.69% -0.01%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $15.56M $39.11M
YoY Change -24.06% 3.77%
Depreciation, Depletion And Amortization $33.10M $32.38M
YoY Change 4.31% 4.87%
Cash From Operating Activities $61.70M $59.74M
YoY Change 4.5% -22.92%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$11.00M -$26.75M
YoY Change -68.5% -16.06%
Cash From Investing Activities -$11.00M -$26.75M
YoY Change -68.5% -89.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.20M -14.98M
YoY Change 216.5% -117.65%
NET CHANGE
Cash From Operating Activities 61.70M 59.74M
Cash From Investing Activities -11.00M -26.75M
Cash From Financing Activities -29.20M -14.98M
Net Change In Cash 21.50M 18.01M
YoY Change 44.29% -117.76%
FREE CASH FLOW
Cash From Operating Activities $61.70M $59.74M
Capital Expenditures $0.00 $0.00
Free Cash Flow $61.70M $59.74M
YoY Change 4.5% -80.7%

Facts In Submission

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2101124000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2239774000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3701000
CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-3351000
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
43465000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
15123000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2208009000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
2971000
CY2022Q2 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-91000
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
34515000
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5500000
CY2022Q2 sho Acquisition Of Noncontrolling Interest
AcquisitionOfNoncontrollingInterest
101348000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
37692000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2103445000
us-gaap Profit Loss
ProfitLoss
64165000
us-gaap Profit Loss
ProfitLoss
52815000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
71000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
313000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
22946000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
9921000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-192000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
1879000
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
2865000
us-gaap Depreciation
Depreciation
64480000
us-gaap Depreciation
Depreciation
62011000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
223000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
218000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1220000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1351000
us-gaap Share Based Compensation
ShareBasedCompensation
5752000
us-gaap Share Based Compensation
ShareBasedCompensation
6431000
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
3722000
us-gaap Insured Event Gain Loss
InsuredEventGainLoss
4369000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2205000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12147000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
243000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5705000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-6584000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
7063000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-4300000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2419000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-69000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-700000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
106988000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
90653000
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
191291000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
4369000
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
232506000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
49219000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
62621000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49219000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-99467000
sho Payment For Acquisition Of Noncontrolling Interest
PaymentForAcquisitionOfNoncontrollingInterest
299000
sho Payment For Acquisition Of Noncontrolling Interest
PaymentForAcquisitionOfNoncontrollingInterest
101348000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
428000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
91000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
21481000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
77980000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3348000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3351000
us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
230000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
225000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
221036000
us-gaap Repayments Of Debt
RepaymentsOfDebt
35994000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2332000
us-gaap Payments Of Dividends
PaymentsOfDividends
27537000
us-gaap Payments Of Dividends
PaymentsOfDividends
6699000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5500000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51461000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-963000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6308000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9777000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157206000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
162717000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163514000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152940000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107846000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107329000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
55668000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
45611000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163514000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152940000
us-gaap Interest Paid Net
InterestPaidNet
24330000
us-gaap Interest Paid Net
InterestPaidNet
13412000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1128000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-134000
us-gaap Operating Lease Payments
OperatingLeasePayments
2782000
us-gaap Operating Lease Payments
OperatingLeasePayments
3407000
sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
-2189000
sho Increase Decrease In In Operating Lease Right Of Use Assets Net
IncreaseDecreaseInInOperatingLeaseRightOfUseAssetsNet
-2005000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-2258000
sho Increase Decrease In Operating Lease Liabilities Net
IncreaseDecreaseInOperatingLeaseLiabilitiesNet
-2705000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-69000
sho Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet
-700000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14593000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
18725000
us-gaap Escrow Deposits Related To Property Sales
EscrowDepositsRelatedToPropertySales
4000000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2163000
CY2022Q2 sho Assignment Of Finance Lease Right Of Use Asset In Connection With Disposition Of Hotel
AssignmentOfFinanceLeaseRightOfUseAssetInConnectionWithDispositionOfHotel
44712000
CY2022Q2 sho Assignment Of Finance Lease Obligation In Connection With Disposition Of Hotel
AssignmentOfFinanceLeaseObligationInConnectionWithDispositionOfHotel
15569000
CY2022Q2 sho Assignment Of Lease Right Of Use Asset In Connection With Disposition Of Hotel
AssignmentOfLeaseRightOfUseAssetInConnectionWithDispositionOfHotel
2275000
CY2022Q2 sho Lease Obligation Assigned
LeaseObligationAssigned
2609000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
235000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
241000
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
14891000
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4360000
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
15
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10.1pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:24.5pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p>
CY2023Q2 us-gaap Profit Loss
ProfitLoss
43078000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
37692000
us-gaap Profit Loss
ProfitLoss
64165000
us-gaap Profit Loss
ProfitLoss
52815000
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2343000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3477000
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3768000
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3773000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7536000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
7546000
CY2023Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
52000
us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
104000
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
144000
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
266000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
194000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
327000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39114000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31310000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56331000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
41465000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206181000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
213183000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206606000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215216000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
647000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
489000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206828000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213183000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
207095000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215216000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
CY2022Q2 sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
CY2023Q2 sho Number Of Hotels Impaired
NumberOfHotelsImpaired
0
sho Leases Initial Maximum Term Not Recorded On Balance Sheet
LeasesInitialMaximumTermNotRecordedOnBalanceSheet
P12M
sho Leases Initial Minimum Term Recorded Right Of Use Assets
LeasesInitialMinimumTermRecordedRightOfUseAssets
P12M
sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
CY2022Q2 sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
CY2023Q2 sho Number Of Hotels With Operating Lease Right Of Use Asset Impairment
NumberOfHotelsWithOperatingLeaseRightOfUseAssetImpairment
0
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
25211000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
19751000
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
51010000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50219000
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11400000
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8600000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
38900000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22400000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023Q2 sho Percentage Of Debt Bearing Fixed Interest Rates
PercentageOfDebtBearingFixedInterestRates
0.512
CY2022Q4 sho Percentage Of Debt Bearing Fixed Interest Rates
PercentageOfDebtBearingFixedInterestRates
0.424
CY2023Q2 us-gaap Land
Land
672623000
CY2022Q4 us-gaap Land
Land
672531000
CY2023Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2808999000
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2793771000
CY2023Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
432326000
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
426189000
CY2023Q2 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
42187000
CY2022Q4 sho Finite Lived And Indefinite Lived Intangible Assets Gross
FiniteLivedAndIndefiniteLivedIntangibleAssetsGross
42187000
CY2023Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
104398000
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
71689000
CY2023Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4060533000
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4006367000
CY2023Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1229794000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1165439000
CY2023Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2830739000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2840928000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
23676000
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12533000
CY2023Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
3711000
CY2022Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1023000
CY2023Q2 us-gaap Notes Payable
NotesPayable
820100000
CY2022Q4 us-gaap Notes Payable
NotesPayable
816136000
CY2023Q2 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
2147000
CY2022Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
268000
CY2023Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
3711000
CY2022Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1023000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1879000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
2865000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3514000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3685000
CY2023Q2 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
2289000
CY2022Q4 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
2413000
CY2023Q2 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
930000
CY2022Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
933000
CY2023Q2 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
2147000
CY2023Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
439000
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
836000
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9319000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7867000
CY2023Q2 us-gaap Notes Payable
NotesPayable
820100000
CY2022Q4 us-gaap Notes Payable
NotesPayable
816136000
sho Schedule Of Carrying Values Of Notes Payable
ScheduleOfCarryingValuesOfNotesPayable
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt;">Notes payable on the Company’s accompanying consolidated balance sheets are presented net of deferred financing costs as follows (in thousands):</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-indent:24.5pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:79.24%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:51.65%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:20%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:51.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">June 30, </b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:21.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">December 31, </b></p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.08%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2023</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:21.03%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2022</b></p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:22.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(unaudited)</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">Current portion of notes payable</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 2,122</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 222,086</p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">Less: current portion of deferred financing costs</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt;"> (57)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt;"> (56)</p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">Carrying value of current portion of notes payable</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 2,065</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 222,030</p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:20%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:right;margin:0pt;"><span style="font-size:7pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">Notes payable, less current portion</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 817,978</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 594,050</p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">Less: long-term portion of deferred financing costs</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:20%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt;"> (5,212)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt;"> (3,399)</p></td></tr><tr><td style="vertical-align:bottom;width:51.65%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">Carrying value of notes payable, less current portion</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.07%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:20%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 812,766</p></td><td style="vertical-align:bottom;white-space:nowrap;width:3.14%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt;"><span style="font-size:9pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.11%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.91%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 590,651</p></td></tr></table>
CY2023Q2 us-gaap Notes Payable Current
NotesPayableCurrent
2122000
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
222086000
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
57000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
56000
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2065000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
222030000
CY2023Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
817978000
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
594050000
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
5212000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
3399000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
812766000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
590651000
CY2023Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
12259000
CY2022Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
6290000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1879000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
2865000
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
675000
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
671000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1220000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1351000
CY2023Q2 us-gaap Interest Expense
InterestExpense
9223000
CY2022Q2 us-gaap Interest Expense
InterestExpense
5938000
us-gaap Interest Expense
InterestExpense
23017000
us-gaap Interest Expense
InterestExpense
11019000
CY2023Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
10582000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
7500000
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
6260000
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6915000
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
44088000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
44224000
CY2023Q2 sho Management Fees Payable
ManagementFeesPayable
1329000
CY2022Q4 sho Management Fees Payable
ManagementFeesPayable
1584000
CY2023Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
4222000
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
4990000
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
66481000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
65213000
CY2023Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
7000000
CY2022Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
6088000
CY2023Q2 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2065000
CY2022Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2718000
CY2023Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2079000
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3151000
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11144000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11957000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14999000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15025000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4745000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4652000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14267000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14360000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
19012000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
19012000
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2200000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
117000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1349000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1327000
us-gaap Operating Lease Cost
OperatingLeaseCost
2708000
us-gaap Operating Lease Cost
OperatingLeaseCost
2716000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2197000
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1978000
us-gaap Variable Lease Cost
VariableLeaseCost
4283000
us-gaap Variable Lease Cost
VariableLeaseCost
2859000
CY2023Q2 sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
297000
sho Operating Leases Income Statement Sublease Revenues
OperatingLeasesIncomeStatementSubleaseRevenues
594000
CY2023Q2 us-gaap Lease Cost
LeaseCost
3249000
CY2022Q2 us-gaap Lease Cost
LeaseCost
3305000
us-gaap Lease Cost
LeaseCost
6397000
us-gaap Lease Cost
LeaseCost
5692000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Monte Carlo simulation model
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.380
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0418
CY2023Q2 us-gaap Marketing Expense
MarketingExpense
4206000
CY2022Q2 us-gaap Marketing Expense
MarketingExpense
3969000
us-gaap Marketing Expense
MarketingExpense
7817000
us-gaap Marketing Expense
MarketingExpense
6687000
CY2023Q2 us-gaap Royalty Expense
RoyaltyExpense
354000
CY2022Q2 us-gaap Royalty Expense
RoyaltyExpense
311000
us-gaap Royalty Expense
RoyaltyExpense
661000
us-gaap Royalty Expense
RoyaltyExpense
597000
CY2023Q2 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4560000
CY2022Q2 us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
4280000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
8478000
us-gaap Costs Of Franchised Outlets
CostsOfFranchisedOutlets
7284000
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001558370-23-013385.txt Edgar Link pending
0001558370-23-013385-xbrl.zip Edgar Link pending
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sho-20230630.xsd Edgar Link pending
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