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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 14,681 $ 407,719 $ 327,711 $ 778,494
Operating expenses:        
Total hotel operating expenses 60,845 227,705 272,930 454,728
Corporate 7,258 8,110 15,394 17,114
Preopening costs 700 (24) 1,501 2,110
Gain on sale of assets     (1,261)  
Credit loss on held-to-maturity securities     24,973  
Depreciation and amortization 54,011 53,553 107,356 106,562
Total operating expenses 155,416 322,403 463,696 639,214
Operating income (loss) (140,735) 85,316 (135,985) 139,280
Interest expense (30,042) (33,492) (59,400) (65,579)
Interest income 1,854 2,970 4,225 5,878
Loss from unconsolidated joint ventures (1,820) (167) (3,715) (167)
Other gains and (losses), net (16,755) (111) (16,560) (252)
Income (loss) before income taxes (187,498) 54,516 (211,435) 79,160
Provision for income taxes (161) (8,232) (26,960) (10,206)
Net income (loss) (187,659) 46,284 (238,395) 68,954
Net loss attributable to noncontrolling interest in consolidated joint venture 14,167 3,099 18,387 9,837
Net income (loss) available to common stockholders $ (173,492) $ 49,383 $ (220,008) $ 78,791
Basic income (loss) per share available to common stockholders $ (3.16) $ 0.96 $ (4.00) $ 1.53
Diluted income (loss) per share available to common stockholders $ (3.16) $ 0.95 $ (4.00) $ 1.52
Comprehensive income (loss), net of taxes $ (188,848) $ 46,382 $ (277,021) $ 69,161
Comprehensive loss, net of taxes, attributable to noncontrolling interest 14,228 3,099 27,057 9,837
Comprehensive income (loss), net of taxes, available to common stockholders (174,620) 49,481 (249,964) 78,998
Notes Receivable [Member]        
Operating expenses:        
Interest income 1,700 2,600 3,200 5,100
Bonds B Series [Member]        
Operating expenses:        
Credit loss on held-to-maturity securities 19,145   24,973  
Rooms [Member]        
Revenues:        
Total revenues 2,802 144,704 108,930 276,916
Operating expenses:        
Total hotel operating expenses 4,472 36,099 36,780 71,068
Food and Beverage [Member]        
Revenues:        
Total revenues 1,510 173,030 147,260 344,173
Operating expenses:        
Total hotel operating expenses 11,891 90,680 95,702 182,039
Hotel, Other [Member]        
Revenues:        
Total revenues 5,993 39,395 39,786 73,550
Operating expenses:        
Total hotel operating expenses 45,045 90,527 135,519 181,466
Management Fees [Member]        
Operating expenses:        
Total hotel operating expenses (563) 10,399 4,929 20,155
Entertainment [Member]        
Revenues:        
Total revenues 4,376 50,590 31,735 83,855
Operating expenses:        
Total hotel operating expenses $ 13,457 $ 33,059 $ 42,803 $ 58,700