XML 67 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES:      
Royalty fees $ 247,240 $ 230,096 $ 217,984
Initial franchise and relicensing fees 13,557 9,295 12,916
Procurement services 17,619 17,207 17,598
Marketing and reservation 349,036 329,246 305,379
Hotel operations 4,356 4,031 4,140
Other 6,985 6,201 6,161
Total revenues 638,793 596,076 564,178
OPERATING EXPENSES:      
Selling, general and administrative 106,404 94,540 99,237
Depreciation and amortization 8,024 8,342 8,336
Marketing and reservation 349,036 329,246 305,379
Hotel operations 3,466 3,186 3,153
Total operating expenses 466,930 435,314 416,105
Operating Income 171,863 160,762 148,073
OTHER INCOME AND EXPENSES:      
Interest expense 12,939 6,680 4,414
Interest income (1,306) (548) (264)
Other (gains) and losses 2,442 (2,355) (5,598)
Equity in net income of affiliates (269) (1,226) (1,113)
Other income and expenses, net 13,806 2,551 (2,561)
Income before income taxes 158,057 158,211 150,634
Income taxes 47,661 50,770 52,384
Net income $ 110,396 $ 107,441 $ 98,250
Basic earnings per share $ 1.86 $ 1.80 $ 1.64
Diluted earnings per share $ 1.85 $ 1.80 $ 1.63