$SOHO
Sotherly Hotels Inc.

2020 Q2 Form 10-Q Financial Statement

#000156459020038803 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q4 2019 Q3
Revenue $5.294M $44.30M $42.55M
YoY Change -89.73% 1.93% 2.74%
Cost Of Revenue $2.570M $17.39M $16.45M
YoY Change -92.85% 5.59% -48.98%
Gross Profit $2.720M $26.92M $26.10M
YoY Change -82.54% -0.26% 184.47%
Gross Profit Margin 51.38% 60.76% 61.34%
Selling, General & Admin $9.160M $19.46M $18.96M
YoY Change -53.57% 5.99% 8.1%
% of Gross Profit 336.76% 72.29% 72.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.000M $5.520M $4.980M
YoY Change -2.15% 8.24% 9.69%
% of Gross Profit 183.82% 20.51% 19.08%
Operating Expenses $16.72M $42.46M $40.40M
YoY Change -60.79% 4.96% 5.49%
Operating Profit -$11.43M $1.846M $2.150M
YoY Change -228.6% -38.78% -31.07%
Interest Expense $4.720M -$4.190M -$4.850M
YoY Change -7.24% -32.64% -191.39%
% of Operating Profit -227.0% -225.56%
Other Income/Expense, Net $0.00 $3.940M
YoY Change
Pretax Income -$16.28M -$2.340M $1.375M
YoY Change -928.52% -26.42% -150.37%
Income Tax $23.36K -$690.0K -$694.2K
% Of Pretax Income -50.5%
Net Earnings -$14.94M -$1.652M $2.082M
YoY Change -1303.84% -40.36% -230.44%
Net Earnings / Revenue -282.13% -3.73% 4.89%
Basic Earnings Per Share -$1.20 -$0.01
Diluted Earnings Per Share -$1.045M -$89.78K $152.5K
COMMON SHARES
Basic Shares Outstanding 14.30M 14.27M 13.64M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.50M $23.70M $30.10M
YoY Change -42.9% -29.88% -18.65%
Cash & Equivalents $18.50M $23.74M $30.06M
Short-Term Investments
Other Short-Term Assets $8.000M $5.600M $5.500M
YoY Change 42.86% 5.66% -20.29%
Inventory
Prepaid Expenses
Receivables $2.300M $4.900M $6.400M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $28.80M $34.20M $42.00M
YoY Change -39.62% -25.81% -19.39%
LONG-TERM ASSETS
Property, Plant & Equipment $436.9M $443.3M $446.8M
YoY Change 0.09% 1.16% 1.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.400M $9.700M $9.900M
YoY Change -28.09% 5.43% 2.06%
Total Long-Term Assets $443.3M $453.0M $456.6M
YoY Change -0.48% 1.26% 1.52%
TOTAL ASSETS
Total Short-Term Assets $28.80M $34.20M $42.00M
Total Long-Term Assets $443.3M $453.0M $456.6M
Total Assets $472.1M $487.2M $498.6M
YoY Change -4.26% -1.27% -0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.50M $20.20M $19.90M
YoY Change 33.84% 23.93% 15.03%
Accrued Expenses $4.300M $4.400M
YoY Change 377.78%
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 $36.60M $27.20M $30.90M
YoY Change 37.08% 20.89% 33.77%
LONG-TERM LIABILITIES
Long-Term Debt $367.8M $358.6M $360.5M
YoY Change 1.57% -7.74% -7.64%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $367.8M $358.6M $360.5M
YoY Change 1.57% -7.74% -7.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.60M $27.20M $30.90M
Total Long-Term Liabilities $367.8M $358.6M $360.5M
Total Liabilities $400.8M $385.8M $391.5M
YoY Change 3.1% -6.18% -5.37%
SHAREHOLDERS EQUITY
Retained Earnings -$105.1M -$73.99M
YoY Change 57.33% 21.19%
Common Stock $180.3M $180.7M $142.2K
YoY Change 2.65% 22.71% -99.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $71.29M $102.6M $107.7M
YoY Change
Total Liabilities & Shareholders Equity $472.1M $487.2M $498.6M
YoY Change -4.26% -1.27% -0.67%

Cashflow Statement

Concept 2020 Q2 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$14.94M -$1.652M $2.082M
YoY Change -1303.84% -40.36% -230.44%
Depreciation, Depletion And Amortization $5.000M $5.520M $4.980M
YoY Change -2.15% 8.24% 9.69%
Cash From Operating Activities -$6.400M $570.0K $7.450M
YoY Change -171.99% -86.4% 29.57%
INVESTING ACTIVITIES
Capital Expenditures -$1.220M -$1.820M -$8.340M
YoY Change -64.12% -49.58% 5.17%
Acquisitions
YoY Change
Other Investing Activities $20.00K $0.00 $130.0K
YoY Change -100.0% -81.16%
Cash From Investing Activities -$1.220M -$1.810M -$8.220M
YoY Change -64.01% -49.44% 13.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.45M -6.030M -1.330M
YoY Change -769.87% 25.63% -113.56%
NET CHANGE
Cash From Operating Activities -6.400M 570.0K 7.450M
Cash From Investing Activities -1.220M -1.810M -8.220M
Cash From Financing Activities 10.45M -6.030M -1.330M
Net Change In Cash 7.900M -7.270M -2.100M
YoY Change 100.51% 73.51% -125.27%
FREE CASH FLOW
Cash From Operating Activities -$6.400M $570.0K $7.450M
Capital Expenditures -$1.220M -$1.820M -$8.340M
Free Cash Flow -$5.180M $2.390M $15.79M
YoY Change -142.15% -69.36% 15.42%

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PaymentsOfDividendsCommonStockAndDistributionMadeToGeneralAndLimitedPartnerCashDistributionsPaid
3421885
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2188910
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2941014
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4814259
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6281250
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3061307
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-529479
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27984236
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37868281
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24922929
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37338802
us-gaap Interest Paid Net
InterestPaidNet
3681239
us-gaap Interest Paid Net
InterestPaidNet
9370362
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
62782
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
111389
soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
587314
soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
281691
CY2020Q1 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.13
CY2019Q1 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.125
CY2019Q2 soho Partners Capital Account Distributions Per Unit
PartnersCapitalAccountDistributionsPerUnit
0.13
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2004-08-20
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
12
CY2020Q2 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
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18500000
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6400000
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
94500
CY2019Q2 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
14035
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<span style="font-style:normal;"> – We hold cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (the “FDIC”) 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.</span></p>
CY2020Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7900000
CY2020Q2 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
383593
CY2019Q4 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
413354
CY2020Q2 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
14881
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
5400000
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
13959277
soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
29761
soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
28904
CY2020Q2 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.05237
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
740316
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
1455987
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
1387499
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
1390979
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
1400280
CY2020Q2 soho Operating Leases Future Minimum Payments Receivable In Five Years And Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYearsAndThereafter
8282740
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
14657801
soho Minimum Percentage Of Likelihood Of Realization Of Deferred Tax Assets
MinimumPercentageOfLikelihoodOfRealizationOfDeferredTaxAssets
0.50
CY2020Q2 soho Deferred Tax Assets Valuation Allowance Percent
DeferredTaxAssetsValuationAllowancePercent
1
CY2020Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q2 us-gaap Advertising Expense
AdvertisingExpense
64964
CY2019Q2 us-gaap Advertising Expense
AdvertisingExpense
90052
us-gaap Advertising Expense
AdvertisingExpense
159255
us-gaap Advertising Expense
AdvertisingExpense
187720
CY2020Q2 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
14168
CY2019Q2 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
0
soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
26607
soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
200000
us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates<span style="font-style:normal;"> – The preparation of the financial statements in conformity with U.S. 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 from those estimates.</span>
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
60076524
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
37647441
CY2020Q2 soho Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
202096423
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
469811
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
425735
CY2020Q2 us-gaap Secured Debt
SecuredDebt
359224296
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
386682
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
386682
CY2020Q2 soho Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
12045965
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
569446329
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
566144310
CY2020Q2 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
132556267
CY2019Q4 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
122876862
CY2020Q2 soho Real Estate Investment Property Excluding Held For Sale Net
RealEstateInvestmentPropertyExcludingHeldForSaleNet
436890062
CY2019Q4 soho Real Estate Investment Property Excluding Held For Sale Net
RealEstateInvestmentPropertyExcludingHeldForSaleNet
443267448
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2020Q2 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
2600000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2013060
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
14982927
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
42407921
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
244402
CY2016Q4 soho Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock
EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock
5000000.0
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
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
soho Preferred Stock Amount Of Undeclared And Cumulative Preferred Dividends
PreferredStockAmountOfUndeclaredAndCumulativePreferredDividends
2200000
CY2020Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2019Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
soho Preferred Stock Amount Of Undeclared And Cumulative Preferred Dividends
PreferredStockAmountOfUndeclaredAndCumulativePreferredDividends
2200000
soho Preferred Units Amount Of Undeclared And Cumulative Preferred Dividends
PreferredUnitsAmountOfUndeclaredAndCumulativePreferredDividends
2200000
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
69000000
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
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
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
882820
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5900000
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
682500
CY2017 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
4900000
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
0
CY2019 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
0
CY2020Q2 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
0
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14881267
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14272378
CY2020Q2 soho Common Stock Exchange Ratio
CommonStockExchangeRatio
1
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
0
CY2020Q2 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
1181501
CY2019Q4 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
1728140
soho Percentage Of Matching Contribution For First Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForFirstSpecifiedPercentageOfEmployeeContribution
1.000
soho Percentage Of First Specified Percentage Of Employee Contribution
PercentageOfFirstSpecifiedPercentageOfEmployeeContribution
0.030
soho Percentage Of Matching Contribution For Next Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForNextSpecifiedPercentageOfEmployeeContribution
0.500
soho Percentage Of Next Specified Percentage Of Employee Contribution
PercentageOfNextSpecifiedPercentageOfEmployeeContribution
0.020
soho Effective Date Of Ceased Matching Employer Contribution
EffectiveDateOfCeasedMatchingEmployerContribution
2020-05-16
CY2020Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
9989
CY2019Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
22700
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
42841
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
50561
CY2016Q4 soho Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock
EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock
5000000.0
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
122687
soho Employee Stock Ownership Plan Esop Number Of Allocated And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedAndCommittedToBeReleasedShares
85110
soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
309171
soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
592364
soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
13144
soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
133253
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
556801
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
1400000
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
104625
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
18062
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
556801
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
104625
CY2020Q2 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
263655
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
66295
CY2019Q4 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
449480
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
18062
CY2020Q2 soho Employee Stock Ownership Plan Esop Shares Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPSharesCommittedToBeReleasedFairValue
45516
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
38377
CY2019Q4 soho Employee Stock Ownership Plan Esop Shares Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPSharesCommittedToBeReleasedFairValue
260196
CY2020Q2 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
122687
CY2020Q2 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
309171
CY2019Q4 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
104672
CY2019Q4 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
709676
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
556801
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
1403138
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
574816
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
3897252
CY2020Q2 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
679488
CY2020Q2 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
1712309
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
679488
CY2019Q4 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
4606928
CY2020Q2 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
7929765
CY2019Q2 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
18173700
soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
24111606
soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
35563380
CY2019Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-92333
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-92333
CY2020Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
23362
CY2019Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
37424
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
65312
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
70902
CY2020Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23362
CY2019Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-54909
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
65312
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-21431
CY2020Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3524779
CY2019Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
726912
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-4920858
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
926518
CY2020Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-760339
CY2019Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
143353
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-993667
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
228426
CY2020Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4285118
CY2019Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
870265
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5914525
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1154944
CY2020Q2 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4285118
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
11326609
CY2019Q2 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-870265
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-5412084
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1154944
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23362
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
815356
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5477396
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1133513
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17124612
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-731711
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31448313
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2385473
CY2020Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14862249
CY2019Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14222378
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14837891
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14219418
CY2020Q2 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
559130
CY2019Q2 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
595943
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
563223
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
600730
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14303119
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13626435
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14274668
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13618688
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.20
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2020Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
180200464
us-gaap Operating Income Loss
OperatingIncomeLoss
14350506

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