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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 407,719 $ 333,934 $ 778,494 $ 622,304
Operating expenses:        
Total hotel operating expenses 227,705 187,821 454,728 371,739
Corporate 8,110 7,640 17,114 15,969
Preopening costs (24) 1,525 2,110 3,672
Depreciation and amortization 53,553 29,995 106,562 58,661
Total operating expenses 322,403 257,235 639,214 499,661
Operating income 85,316 76,699 139,280 122,643
Interest expense (33,492) (19,625) (65,579) (36,354)
Interest income 2,970 2,766 5,878 5,519
Income (loss) from joint ventures (167) 1,346 (167) (1,242)
Other gains and (losses), net (111) 36 (252) 204
Income before income taxes 54,516 61,222 79,160 90,770
Provision for income taxes (8,232) (5,676) (10,206) (7,885)
Net Income 46,284 55,546 68,954 82,885
Net loss attributable to noncontrolling interest in consolidated joint venture 3,099   9,837  
Net income available to common stockholders $ 49,383 $ 55,546 $ 78,791 $ 82,885
Basic income per share $ 0.96 $ 1.08 $ 1.53 $ 1.62
Diluted income per share 0.95 1.08 1.52 1.61
Dividends declared per common share $ 0.90 $ 0.85 $ 1.80 $ 1.70
Comprehensive income, net of taxes $ 46,382 $ 55,630 $ 69,161 $ 83,047
Comprehensive loss, net of taxes, attributable to noncontrolling interest (3,099)   (9,837)  
Comprehensive income, net of taxes, available to common stockholders 49,481 55,630 78,998 83,047
Rooms [Member]        
Revenues:        
Total revenues 144,704 121,745 276,916 229,309
Operating expenses:        
Total hotel operating expenses 36,099 30,059 71,068 58,987
Food and Beverage [Member]        
Revenues:        
Total revenues 173,030 141,053 344,173 273,992
Operating expenses:        
Total hotel operating expenses 90,680 72,394 182,039 144,372
Hotel, Other [Member]        
Revenues:        
Total revenues 39,395 28,958 73,550 53,566
Operating expenses:        
Total hotel operating expenses 90,527 76,733 181,466 152,615
Management Fees [Member]        
Operating expenses:        
Total hotel operating expenses 10,399 8,635 20,155 15,765
Entertainment [Member]        
Revenues:        
Total revenues 50,590 42,178 83,855 65,437
Operating expenses:        
Total hotel operating expenses $ 33,059 $ 30,254 $ 58,700 $ 49,620