Consolidated Statements Of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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REVENUES: | ||
Royalty fees | $ 62,431us-gaap_RoyaltyRevenue | $ 58,540us-gaap_RoyaltyRevenue |
Initial franchise and relicensing fees | 5,717chh_InitialFranchiseAndRelicensingFeeRevenue | 3,740chh_InitialFranchiseAndRelicensingFeeRevenue |
Procurement services | 4,807chh_ProcurementServicesRevenue | 4,778chh_ProcurementServicesRevenue |
Marketing and reservation | 98,713chh_MarketingAndReservationRevenue | 89,606chh_MarketingAndReservationRevenue |
Other | 3,577us-gaap_OtherSalesRevenueNet | 3,072us-gaap_OtherSalesRevenueNet |
Total revenues | 175,245us-gaap_Revenues | 159,736us-gaap_Revenues |
OPERATING EXPENSES: | ||
Selling, general and administrative | 32,438us-gaap_SellingGeneralAndAdministrativeExpense | 26,680us-gaap_SellingGeneralAndAdministrativeExpense |
Depreciation and amortization | 2,690us-gaap_DepreciationDepletionAndAmortization | 2,278us-gaap_DepreciationDepletionAndAmortization |
Marketing and reservation | 98,713chh_MarketingAndReservationExpense | 89,606chh_MarketingAndReservationExpense |
Total operating expenses | 133,841us-gaap_CostsAndExpenses | 118,564us-gaap_CostsAndExpenses |
Operating income | 41,404us-gaap_OperatingIncomeLoss | 41,172us-gaap_OperatingIncomeLoss |
OTHER INCOME AND EXPENSES, NET: | ||
Interest expense | 10,179us-gaap_InterestExpense | 10,171us-gaap_InterestExpense |
Interest income | (346)us-gaap_InvestmentIncomeInterest | (503)us-gaap_InvestmentIncomeInterest |
Other (gains) and losses | (468)us-gaap_OtherNonoperatingGainsLosses | (59)us-gaap_OtherNonoperatingGainsLosses |
Equity in net loss of affiliates | 1,005us-gaap_IncomeLossFromEquityMethodInvestments | 35us-gaap_IncomeLossFromEquityMethodInvestments |
Total other income and expenses, net | 10,370us-gaap_NonoperatingIncomeExpense | 9,644us-gaap_NonoperatingIncomeExpense |
Income from continuing operations before income taxes | 31,034us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 31,528us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
Income taxes | 9,440us-gaap_IncomeTaxExpenseBenefit | 10,059us-gaap_IncomeTaxExpenseBenefit |
Income from continuing operations, net of income taxes | 21,594us-gaap_IncomeLossFromContinuingOperations | 21,469us-gaap_IncomeLossFromContinuingOperations |
Income from discontinued operations, net of income taxes | 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | 1,641us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity |
Net income | $ 21,594us-gaap_NetIncomeLoss | $ 23,110us-gaap_NetIncomeLoss |
Basic earnings per share | ||
Continuing operations (in dollars per share) | $ 0.38us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 0.37us-gaap_IncomeLossFromContinuingOperationsPerBasicShare |
Discontinued operations (in dollars per share) | $ 0.00us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare | $ 0.03us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare |
Basic earnings per share (in dollars per share) | $ 0.38us-gaap_EarningsPerShareBasic | $ 0.40us-gaap_EarningsPerShareBasic |
Diluted earnings per share | ||
Continuing operations (in dollars per share) | $ 0.37us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 0.36us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare |
Discontinued operations (in dollars per share) | $ 0.00us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare | $ 0.03us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare |
Diluted earnings per share (in dollars per share) | $ 0.37us-gaap_EarningsPerShareDiluted | $ 0.39us-gaap_EarningsPerShareDiluted |
Cash dividends declared per share (in dollars per share) | $ 0.195us-gaap_CommonStockDividendsPerShareDeclared | $ 0.185us-gaap_CommonStockDividendsPerShareDeclared |
X | ||||||||||
- Definition
Revenues earned from the one-time up-front franchise fees paid by new franchisees to the franchisor for the right to use the brand name of the franchise. No definition available.
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- Definition
Expenses associated with providing franchise services such as central reservation systems, national marketing and media advertising. No definition available.
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- Definition
Revenues generated from franchise owners to be used by the Company for expenses associated with providing franchise services such as central reservation systems, national marketing and media advertising. No definition available.
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- Definition
Revenues earned during the period from providing qualified vendors access to franchisee owners and hotel guests. Revenues are derived based on marketing services rendered as well as from a percentage of sales proceeds generated by the qualified vendor from the franchisee owners and guests. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Other aggregate amounts of gains or losses resulting from nonoperating activities (for example, interest and dividend revenue, property, plant and equipment impairment loss, and so forth.) not otherwise defined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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