XML 83 R72.htm IDEA: XBRL DOCUMENT v3.20.2
Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Operations and Comprehensive Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 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  
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
Comprehensive income (loss), net of taxes (188,848)   46,382   (277,021) 69,161
Net income (loss) available to common shareholders (173,492) $ (46,516) 49,383 $ 29,408 (220,008) 78,791
Comprehensive income (loss), net of taxes, available to common shareholders (174,620)   49,481   (249,964) 78,998
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
Reportable Legal Entities [Member] | Parent Company [Member]            
Operating expenses:            
Corporate 62   62   125 125
Corporate overhead allocation 1,043   1,014   2,022 2,011
Total operating expenses 1,105   1,076   2,147 2,136
Operating income (loss) (1,105)   (1,076)   (2,147) (2,136)
Income (loss) before income taxes (1,105)   (1,076)   (2,147) (2,136)
Equity in subsidiaries' losses, net (186,554)   47,360   (236,248) 71,090
Net income (loss) (187,659)   46,284   (238,395) 68,954
Comprehensive income (loss), net of taxes (188,848)   46,382   (277,021) 69,161
Net income (loss) available to common shareholders (173,492)   49,383   (220,008) 78,791
Comprehensive income (loss), net of taxes, available to common shareholders (174,620)   49,481   (249,964) 78,998
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]            
Operating expenses:            
Corporate 295   429   671 880
Total operating expenses 295   429   671 880
Operating income (loss) (295)   (429)   (671) (880)
Interest expense (20,902)   (24,826)   (41,303) (48,665)
Interest income 23   150   599 158
Income (loss) before income taxes (21,174)   (25,105)   (41,375) (49,387)
Net income (loss) (21,174)   (25,105)   (41,375) (49,387)
Comprehensive income (loss), net of taxes (22,270)   (25,105)   (56,157) (49,387)
Net income (loss) available to common shareholders (21,174)   (25,105)   (41,375) (49,387)
Comprehensive income (loss), net of taxes, available to common shareholders (22,270)   (25,105)   (56,157) (49,387)
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]            
Revenues:            
Total revenues (7,662)   81,066   57,079 161,476
Operating expenses:            
Total hotel operating expenses 10,383   12,245   22,825 24,297
Corporate     2   1 3
Corporate overhead allocation 2,238   2,948   4,345 6,006
Depreciation and amortization 16,319   16,482   32,635 32,732
Total operating expenses 28,940   31,677   59,806 63,038
Operating income (loss) (36,602)   49,389   (2,727) 98,438
Income (loss) before income taxes (36,602)   49,389   (2,727) 98,438
Provision for income taxes     (8)     (46)
Net income (loss) (36,602)   49,381   (2,727) 98,392
Comprehensive income (loss), net of taxes (36,602)   49,381   (2,727) 98,392
Net income (loss) available to common shareholders (36,602)   49,381   (2,727) 98,392
Comprehensive income (loss), net of taxes, available to common shareholders (36,602)   49,381   (2,727) 98,392
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Hotel, Other [Member]            
Revenues:            
Total revenues (7,662)   81,066   57,079 161,476
Operating expenses:            
Total hotel operating expenses 10,383   12,245   22,825 24,297
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]            
Revenues:            
Total revenues 15,113   422,492   343,523 808,060
Operating expenses:            
Total hotel operating expenses 39,951   307,337   316,629 613,403
Corporate 6,901   7,617   14,597 16,106
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 37,692   37,071   74,721 73,830
Total operating expenses 117,846   385,060   473,963 764,202
Operating income (loss) (102,733)   37,432   (130,440) 43,858
Interest expense (9,235)   (8,987)   (18,243) (17,341)
Interest income 1,926   3,141   3,772 6,147
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 (128,617)   31,308   (165,186) 32,245
Provision for income taxes (161)   (8,224)   (26,960) (10,160)
Net income (loss) (128,778)   23,084   (192,146) 22,085
Comprehensive income (loss), net of taxes (128,871)   23,182   (215,990) 22,292
Net income (loss) available to common shareholders (114,611)   26,183   (173,759) 31,922
Comprehensive income (loss), net of taxes, available to common shareholders (114,643)   23,182   (188,933) 22,292
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | 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
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | 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
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | Hotel, Other [Member]            
Revenues:            
Total revenues 6,409   53,619   55,043 102,043
Operating expenses:            
Total hotel operating expenses 24,151   170,159   179,218 340,141
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | Management Fees [Member]            
Operating expenses:            
Total hotel operating expenses (563)   10,399   4,929 20,155
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | Entertainment [Member]            
Revenues:            
Total revenues 4,392   51,139   32,290 84,928
Operating expenses:            
Total hotel operating expenses 13,457   33,059   42,803 58,753
Consolidation, Eliminations [Member]            
Revenues:            
Total revenues 7,230   (95,839)   (72,891) (191,042)
Operating expenses:            
Total hotel operating expenses 10,511   (91,877)   (66,524) (182,972)
Corporate overhead allocation (3,281)   (3,962)   (6,367) (8,017)
Total operating expenses 7,230   (95,839)   (72,891) (191,042)
Interest expense 95   321   146 427
Interest income (95)   (321)   (146) (427)
Equity in subsidiaries' losses, net 186,554   (47,360)   236,248 (71,090)
Net income (loss) 186,554   (47,360)   236,248 (71,090)
Comprehensive income (loss), net of taxes 187,743   (47,458)   274,874 (71,297)
Net income (loss) available to common shareholders 172,387   (50,459)   217,861 (80,927)
Comprehensive income (loss), net of taxes, available to common shareholders 173,515   (47,458)   247,817 (71,297)
Consolidation, Eliminations [Member] | Hotel, Other [Member]            
Revenues:            
Total revenues 7,246   (95,290)   (72,336) (189,969)
Operating expenses:            
Total hotel operating expenses 10,511   (91,877)   (66,524) (182,972)
Consolidation, Eliminations [Member] | Entertainment [Member]            
Revenues:            
Total revenues (16)   (549)   (555) (1,073)
Operating expenses:            
Total hotel operating expenses           (53)
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  
Bonds B Series [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]            
Operating expenses:            
Credit loss on held-to-maturity securities $ 19,145