$SOHO
Sotherly Hotels Inc.

2019 Q4 Form 10-Q Financial Statement

#000156459019042992 Filed on November 12, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $44.30M $42.55M $43.47M
YoY Change 1.93% 2.74% 13.91%
Cost Of Revenue $17.39M $16.45M $16.47M
YoY Change 5.59% -48.98% 5.85%
Gross Profit $26.92M $26.10M $26.99M
YoY Change -0.26% 184.47% 19.42%
Gross Profit Margin 60.76% 61.34% 62.09%
Selling, General & Admin $19.46M $18.96M $18.36M
YoY Change 5.99% 8.1% 30.68%
% of Gross Profit 72.29% 72.64% 68.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.520M $4.980M $5.100M
YoY Change 8.24% 9.69% 18.88%
% of Gross Profit 20.51% 19.08% 18.9%
Operating Expenses $42.46M $40.40M $40.45M
YoY Change 4.96% 5.49% 14.46%
Operating Profit $1.846M $2.150M $3.015M
YoY Change -38.78% -31.07% 6.91%
Interest Expense -$4.190M -$4.850M -$6.220M
YoY Change -32.64% -191.39% 63.25%
% of Operating Profit -227.0% -225.56% -206.31%
Other Income/Expense, Net $0.00 $3.940M
YoY Change
Pretax Income -$2.340M $1.375M -$3.180M
YoY Change -26.42% -150.37% 329.73%
Income Tax -$690.0K -$694.2K -$410.0K
% Of Pretax Income -50.5%
Net Earnings -$1.652M $2.082M -$2.770M
YoY Change -40.36% -230.44% -9.35%
Net Earnings / Revenue -3.73% 4.89% -6.37%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$89.78K $152.5K -$169.2K
COMMON SHARES
Basic Shares Outstanding 14.27M 13.64M 14.21M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.70M $30.10M $33.80M
YoY Change -29.88% -18.65% 13.42%
Cash & Equivalents $23.74M $30.06M $33.79M
Short-Term Investments
Other Short-Term Assets $5.600M $5.500M $5.300M
YoY Change 5.66% -20.29% -27.4%
Inventory
Prepaid Expenses
Receivables $4.900M $6.400M $7.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $34.20M $42.00M $46.10M
YoY Change -25.81% -19.39% 6.96%
LONG-TERM ASSETS
Property, Plant & Equipment $443.3M $446.8M $438.2M
YoY Change 1.16% 1.52% 22.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.700M $9.900M $9.200M
YoY Change 5.43% 2.06% 1.1%
Total Long-Term Assets $453.0M $456.6M $447.4M
YoY Change 1.26% 1.52% 21.95%
TOTAL ASSETS
Total Short-Term Assets $34.20M $42.00M $46.10M
Total Long-Term Assets $453.0M $456.6M $447.4M
Total Assets $487.2M $498.6M $493.5M
YoY Change -1.27% -0.65% 20.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.20M $19.90M $16.30M
YoY Change 23.93% 15.03% 18.12%
Accrued Expenses $4.400M
YoY Change
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 $27.20M $30.90M $22.50M
YoY Change 20.89% 33.77% 22.28%
LONG-TERM LIABILITIES
Long-Term Debt $358.6M $360.5M $388.7M
YoY Change -7.74% -7.64% 30.74%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $358.6M $360.5M $388.7M
YoY Change -7.74% -7.64% 30.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.20M $30.90M $22.50M
Total Long-Term Liabilities $358.6M $360.5M $388.7M
Total Liabilities $385.8M $391.5M $411.2M
YoY Change -6.18% -5.37% 30.22%
SHAREHOLDERS EQUITY
Retained Earnings -$73.99M -$61.05M
YoY Change 21.19% 25.19%
Common Stock $180.7M $142.2K $147.2M
YoY Change 22.71% -99.9% 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.6M $107.7M $81.82M
YoY Change
Total Liabilities & Shareholders Equity $487.2M $498.6M $493.5M
YoY Change -1.27% -0.67% 20.38%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.652M $2.082M -$2.770M
YoY Change -40.36% -230.44% -9.35%
Depreciation, Depletion And Amortization $5.520M $4.980M $5.100M
YoY Change 8.24% 9.69% 18.88%
Cash From Operating Activities $570.0K $7.450M $4.190M
YoY Change -86.4% 29.57% 874.42%
INVESTING ACTIVITIES
Capital Expenditures -$1.820M -$8.340M -$3.610M
YoY Change -49.58% 5.17% -36.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $130.0K $30.00K
YoY Change -100.0% -81.16% -97.76%
Cash From Investing Activities -$1.810M -$8.220M -$3.580M
YoY Change -49.44% 13.38% -17.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.030M -1.330M -4.800M
YoY Change 25.63% -113.56% 233.33%
NET CHANGE
Cash From Operating Activities 570.0K 7.450M 4.190M
Cash From Investing Activities -1.810M -8.220M -3.580M
Cash From Financing Activities -6.030M -1.330M -4.800M
Net Change In Cash -7.270M -2.100M -4.190M
YoY Change 73.51% -125.27% -21.68%
FREE CASH FLOW
Cash From Operating Activities $570.0K $7.450M $4.190M
Capital Expenditures -$1.820M -$8.340M -$3.610M
Free Cash Flow $2.390M $15.79M $7.800M
YoY Change -69.36% 15.42% 27.87%

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ProceedsFromSalesOfAssetsInvestingActivities
4934
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
7555
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16895867
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97324377
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
145795332
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
25000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
577661
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
33238532
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
1188066
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
25250000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4582990
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
75346629
soho Payments Of Deferred Financing Costs
PaymentsOfDeferredFinancingCosts
106950
soho Payments Of Deferred Financing Costs
PaymentsOfDeferredFinancingCosts
3669192
soho Payments Of Dividends Common Stock And Distribution Made To General And Limited Partner Cash Distributions Paid
PaymentsOfDividendsCommonStockAndDistributionMadeToGeneralAndLimitedPartnerCashDistributionsPaid
5994302
soho Payments Of Dividends Common Stock And Distribution Made To General And Limited Partner Cash Distributions Paid
PaymentsOfDividendsCommonStockAndDistributionMadeToGeneralAndLimitedPartnerCashDistributionsPaid
5318695
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4913396
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4256328
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7609106
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
83970215
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2615854
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8611689
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37868281
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33429042
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35252427
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
42040731
us-gaap Interest Paid Net
InterestPaidNet
13995139
us-gaap Interest Paid Net
InterestPaidNet
12859556
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-46695
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
278720
soho Deficiency Of Fair Value Of Interest Rate Swap To Cost
DeficiencyOfFairValueOfInterestRateSwapToCost
294176
soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
335331
soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
251195
soho Non Cash Exercise Of Development Right
NonCashExerciseOfDevelopmentRight
3940000
CY2019Q1 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.125
CY2019Q2 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.13
CY2019Q3 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.13
CY2018Q1 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.115
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21889119
CY2018Q2 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.12
CY2018Q3 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.12
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk<font style="font-style:normal;"> &#8211; We hold cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (the &#8220;FDIC&#8221;) protection limits of $250,000. Our exposure to credit loss in the event of the failure of these institutions is represented by the difference between the FDIC protection limit and the total amounts on deposit. Management monitors, on a regular basis, the financial condition of the financial institutions along with the balances there on deposit to minimize our potential risk.</font></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates<font style="font-style:normal;"> &#8211; The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) 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 from those estimates.</font></p>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2004-08-20
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
12
CY2019Q3 soho Number Of Rooms In Hotel
NumberOfRoomsInHotel
3156
soho Date Of Commencement Of Business
DateOfCommencementOfBusiness
2004-12-21
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6
CY2019Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2019Q3 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
428223
CY2018Q4 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
471996
CY2019Q3 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
14869
CY2018Q3 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
14868
soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
43773
soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
45204
CY2019Q3 soho Non Recurring Asset
NonRecurringAsset
3940000
CY2019Q3 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.05237
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
486304
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
1452866
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
1395363
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
1221343
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
612940
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
3158088
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
8326904
CY2019Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4100000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4400000
soho Minimum Percentage Of Likelihood Of Realization Of Deferred Tax Assets
MinimumPercentageOfLikelihoodOfRealizationOfDeferredTaxAssets
0.50
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q3 us-gaap Advertising Expense
AdvertisingExpense
132227
CY2018Q3 us-gaap Advertising Expense
AdvertisingExpense
88154
us-gaap Advertising Expense
AdvertisingExpense
319947
us-gaap Advertising Expense
AdvertisingExpense
334271
CY2018Q3 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2019Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
567147003
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
546898044
CY2019Q3 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
120307423
CY2018Q4 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
111172230
CY2019Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
360500000
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
364800000
CY2019Q3 us-gaap Secured Debt
SecuredDebt
363030889
CY2018Q4 us-gaap Secured Debt
SecuredDebt
367613880
CY2019Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2628780
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2951327
CY2019Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
147781
CY2018Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
166292
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
360549890
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
364828845
CY2019Q3 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
2900000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1611840
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
14815761
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
6611161
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4609974
soho Number Of Hotels Operated Under Franchise License
NumberOfHotelsOperatedUnderFranchiseLicense
9
CY2016Q4 soho Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock
EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock
5000000
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
42273913
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
59921466
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
237796748
CY2019Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
112769
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
423331
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
412099
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
400100
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
363529
CY2019Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2898146
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2019Q3 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2018Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
us-gaap Common Stock Voting Rights
CommonStockVotingRights
Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
882820
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5900000
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
682500
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
0
us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
0
CY2017 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
4900000
CY2019Q3 soho Common Stock Exchange Ratio
CommonStockExchangeRatio
1
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
0
CY2019Q3 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
1778140
CY2018Q4 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
1778140
soho Percentage Of Matching Contribution For First Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForFirstSpecifiedPercentageOfEmployeeContribution
1.000
soho Percentage Of Matching Contribution For Next Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForNextSpecifiedPercentageOfEmployeeContribution
0.500
soho Percentage Of First Specified Percentage Of Employee Contribution
PercentageOfFirstSpecifiedPercentageOfEmployeeContribution
0.030
soho Percentage Of Next Specified Percentage Of Employee Contribution
PercentageOfNextSpecifiedPercentageOfEmployeeContribution
0.020
CY2019Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
12892
CY2018Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
12568
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
63453
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
61607
CY2017Q1 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
682500
CY2017Q1 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
4900000
soho Employee Stock Ownership Plan Esop Number Of Allocated And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedAndCommittedToBeReleasedShares
94894
soho Employee Stock Ownership Plan Esop Number Of Allocated And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedAndCommittedToBeReleasedShares
59893
soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
634843
soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
416088
soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
170700
soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
173856
CY2019Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
584594
CY2019Q3 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
3910932
CY2019Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
66308
CY2019Q3 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
28586
CY2018Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
33832
CY2018Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
35474
CY2019Q3 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
94894
CY2018Q4 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
69306
CY2018Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
613194
CY2019Q3 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
679488
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-125587
CY2019Q3 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
443601
CY2018Q4 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
189798
CY2019Q3 soho Employee Stock Ownership Plan Esop Shares Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPSharesCommittedToBeReleasedFairValue
191242
CY2018Q4 soho Employee Stock Ownership Plan Esop Shares Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPSharesCommittedToBeReleasedFairValue
199007
CY2019Q3 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
634843
CY2018Q4 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
388805
CY2018Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
3440020
CY2019Q3 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
4545775
CY2018Q4 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
3828825
CY2019Q3 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
17194148
CY2018Q3 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
16027496
soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
52757527
soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
48901037
CY2019Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-33254
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
595656
CY2018Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
682500
CY2019Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
41839
CY2018Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
24266
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
112741
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
131306
CY2019Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8585
CY2018Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
24266
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-12846
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
131306
CY2019Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-569928
CY2018Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-612703
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
356590
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
591917
CY2019Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-132847
CY2018Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-158487
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
95579
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
158822
CY2019Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-702775
CY2018Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-771190
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
452169
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
750739
CY2019Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
290535
CY2018Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-573028
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
687986
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
639311
CY2019Q3 soho Income Tax Reconciliation Tax Exempt Income Expense
IncomeTaxReconciliationTaxExemptIncomeExpense
893717
CY2018Q3 soho Income Tax Reconciliation Tax Exempt Income Expense
IncomeTaxReconciliationTaxExemptIncomeExpense
39675
soho Income Tax Reconciliation Tax Exempt Income Expense
IncomeTaxReconciliationTaxExemptIncomeExpense
456983
soho Income Tax Reconciliation Tax Exempt Income Expense
IncomeTaxReconciliationTaxExemptIncomeExpense
47394
CY2019Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-91008
CY2018Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-134221
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
208320
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
290128
soho Loss Carryforwards Expiration Dates
LossCarryforwardsExpirationDates
2028
CY2019Q3 soho Deferred Tax Asset Nondeductible Accrued Expenses
DeferredTaxAssetNondeductibleAccruedExpenses
600000
CY2018Q4 soho Deferred Tax Asset Nondeductible Accrued Expenses
DeferredTaxAssetNondeductibleAccruedExpenses
700000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14220416
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14141273
CY2018Q3 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
640418
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
649466
CY2019Q3 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
130569
us-gaap Share Based Compensation
ShareBasedCompensation
309920
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1942179
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
6346378
CY2018Q4 soho Favorable Lease Assets Net
FavorableLeaseAssetsNet
2465421

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