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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Royalty fees $ 77,670 $ 72,638 $ 136,210 $ 128,746
Initial franchise and relicensing fees 4,722 4,416 8,462 8,193
Procurement services 8,020 7,546 12,798 11,496
Marketing and reservation 103,766 104,072 193,372 186,395
Other 3,486 2,258 6,558 4,271
Total revenues 197,664 190,930 357,400 339,101
OPERATING EXPENSES:        
Selling, general and administrative 31,413 29,731 58,093 56,399
Depreciation and amortization 2,332 2,388 4,610 4,429
Marketing and reservation 103,766 104,072 193,372 186,395
Total operating expenses 137,511 136,191 256,075 247,223
Operating income 60,153 54,739 101,325 91,878
OTHER INCOME AND EXPENSES, NET:        
Interest expense 10,710 10,807 20,881 21,577
Interest income (347) (659) (850) (1,303)
Other (gains) and losses (474) 147 (533) (563)
Equity in net (income) loss of affiliates 30 (60) 65 81
Total other income and expenses, net (9,919) (10,235) (19,563) (19,792)
Income from continuing operations before income taxes 50,234 44,504 81,762 72,086
Income taxes 14,955 12,880 25,014 20,686
Income from continuing operations, net of income taxes 35,279 31,624 56,748 51,400
Income from discontinued operations, net of income taxes 121 183 1,762 150
Net income $ 35,400 $ 31,807 $ 58,510 $ 51,550
Basic earnings per share        
Continuing operations (in dollars per share) $ 0.61 $ 0.54 $ 0.97 $ 0.88
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.03 $ 0.00
Basic earnings per share (in dollars per share) $ 0.61 $ 0.54 $ 1.00 $ 0.88
Diluted earnings per share        
Continuing operations (in dollars per share) $ 0.60 $ 0.54 $ 0.96 $ 0.88
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.03 $ 0.00
Diluted earnings per share (in dollars per share) $ 0.60 $ 0.54 $ 0.99 $ 0.88
Cash dividends declared per share (in dollars per share) $ 0.185 $ 0.185 $ 0.37 $ 0.37