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Consolidated Statements Of Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Royalty fees $ 83,107,000 $ 80,845,000 $ 201,222,000 $ 194,762,000
Initial franchise and relicensing fees 4,650,000 3,247,000 12,843,000 8,953,000
Procurement services 4,708,000 3,839,000 16,204,000 13,990,000
Marketing and reservation 126,296,000 119,062,000 302,381,000 284,624,000
Hotel operations 1,310,000 1,238,000 3,600,000 3,440,000
Other 3,091,000 2,182,000 7,362,000 7,434,000
Total revenues 223,162,000 210,413,000 543,612,000 513,203,000
OPERATING EXPENSES:        
Selling, general and administrative 26,982,000 23,170,000 84,078,000 72,073,000
Depreciation and amortization 2,379,000 1,995,000 7,074,000 5,989,000
Marketing and reservation 126,296,000 119,062,000 302,381,000 284,624,000
Hotel operations 956,000 933,000 2,742,000 2,609,000
Total operating expenses 156,613,000 145,160,000 396,275,000 365,295,000
Operating income (loss) 66,549,000 65,253,000 147,337,000 147,908,000
OTHER INCOME AND EXPENSES, NET:        
Interest expense 10,757,000 10,166,000 32,334,000 16,823,000
Interest income (676,000) (425,000) (1,979,000) (1,156,000)
Loss on extinguishment of debt 0 (526,000) 0 (526,000)
Other gains (703,000) (511,000) (1,266,000) (2,137,000)
Equity in net loss of affiliates (421,000) (171,000) (340,000) 12,000
Total other income and expenses, net (8,957,000) (9,585,000) (28,749,000) (14,068,000)
Income before income taxes 57,592,000 55,668,000 118,588,000 133,840,000
Income taxes 16,080,000 11,291,000 33,319,000 37,604,000
Net income $ 41,512,000 $ 44,377,000 $ 85,269,000 $ 96,236,000
Basic earnings per share $ 0.71 $ 0.77 $ 1.46 $ 1.66
Diluted earnings per share $ 0.70 $ 0.76 $ 1.45 $ 1.65