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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
Royalty fees $ 86,091 $ 79,460 $ 222,301 $ 208,206
Initial franchise and relicensing fees 4,299 4,650 12,761 12,843
Procurement services 5,495 4,708 18,293 16,204
Marketing and reservation 115,653 124,809 309,025 311,204
Other 3,630 3,091 10,188 7,362
Total revenues 215,168 216,718 572,568 555,819
OPERATING EXPENSES:        
Selling, general and administrative 30,236 26,409 88,329 82,808
Depreciation and amortization 2,293 2,272 6,903 6,701
Marketing and reservation 115,653 124,809 309,025 311,204
Total operating expenses 148,182 153,490 404,257 400,713
Operating income 66,986 63,228 168,311 155,106
OTHER INCOME AND EXPENSES, NET:        
Interest expense 10,495 10,757 31,376 32,334
Interest income (355) (676) (1,205) (1,979)
Other (gains) and losses 375 (703) (158) (1,266)
Equity in net (income) loss of affiliates 513 (421) 578 (340)
Total other income and expenses, net (11,028) (8,957) (30,591) (28,749)
Income from continuing operations before income taxes 55,958 54,271 137,720 126,357
Income taxes 16,542 15,698 41,556 36,384
Income from continuing operations, net of income taxes 39,416 38,573 96,164 89,973
Income (loss) from discontinued operations, net of income taxes (51) 143 1,711 293
Net income $ 39,365 $ 38,716 $ 97,875 $ 90,266
Basic earnings per share        
Continuing operations (in dollars per share) $ 0.67 $ 0.66 $ 1.65 $ 1.54
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.03 $ 0.00
Basic earnings per share (in dollars per share) $ 0.67 $ 0.66 $ 1.68 $ 1.54
Diluted earnings per share        
Continuing operations (in dollars per share) $ 0.67 $ 0.65 $ 1.63 $ 1.53
Discontinued operations (in dollars per share) $ 0.00 $ 0.01 $ 0.03 $ 0.00
Diluted earnings per share (in dollars per share) $ 0.67 $ 0.66 $ 1.66 $ 1.53
Cash dividends declared per share (in dollars per share) $ 0.185 $ 0.185 $ 0.555 $ 0.555