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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Royalty fees $ 80,845 $ 77,090 $ 194,762 $ 182,504
Initial franchise and relicensing fees 3,247 3,583 8,953 9,083
Procurement services 3,839 4,103 13,990 14,037
Marketing and reservation 119,062 104,393 284,624 258,192
Hotel operations 1,238 1,236 3,440 3,173
Other 2,182 1,916 7,434 5,914
Total revenues 210,413 192,321 513,203 472,903
OPERATING EXPENSES:        
Selling, general and administrative 23,170 22,555 72,073 72,941
Depreciation and amortization 1,995 2,073 5,989 5,976
Marketing and reservation 119,062 104,393 284,624 258,192
Hotel operations 933 900 2,609 2,593
Total operating expenses 145,160 129,921 365,295 339,702
Operating income 65,253 62,400 147,908 133,201
OTHER INCOME AND EXPENSES, NET:        
Interest expense 10,166 3,228 16,823 9,719
Interest income (425) (506) (1,156) (937)
Loss on extinguishment of debt 526 0 526 0
Other (gains) and losses (511) 2,673 (2,137) 3,678
Equity in net (income) loss of affiliates (171) 39 12 (262)
Total other income and expenses, net (9,585) (5,434) (14,068) (12,198)
Income before income taxes 55,668 56,966 133,840 121,003
Income taxes 11,291 14,664 37,604 35,393
Net income $ 44,377 $ 42,302 $ 96,236 $ 85,610
Basic earnings per share $ 0.77 $ 0.71 $ 1.66 $ 1.43
Diluted earnings per share $ 0.76 $ 0.71 $ 1.65 $ 1.43