Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
REVENUES
Royalty fees	$ 106,427	$ 103,219	$ 186,780	$ 179,917
Initial franchise and relicensing fees	6,675	6,481	13,482	12,695
Procurement services	20,829	17,833	32,776	27,771
Marketing and reservation system	172,465	157,347	282,529	264,348
Other	11,288	10,561	20,437	20,104
Total revenues	317,684	295,441	536,004	504,835
OPERATING EXPENSES
Selling, general and administrative	46,980	46,270	86,494	87,134
Depreciation and amortization	3,405	3,669	7,021	6,722
Marketing and reservation system	160,121	136,568	279,960	255,796
Total operating expenses	210,506	186,507	373,475	349,652
Impairment of goodwill	0	0	(3,097)	0
Impairment of long-lived assets	0	0	(7,304)	0
Loss on sale of business	(4,641)	0	(4,641)	0
Gain on sale of assets, net	0	82	100	82
Operating income	102,537	109,016	147,587	155,265
OTHER INCOME AND EXPENSES, NET
Interest expense	11,093	11,705	22,304	23,014
Interest income	(2,784)	(1,643)	(5,397)	(3,252)
Other gains	(906)	(503)	(3,104)	(383)
Equity in net (income) loss of affiliates	980	(567)	3,151	5,401
Total other income and expenses, net	8,383	8,992	16,954	24,780
Income before income taxes	94,154	100,024	130,633	130,485
Income tax expense	19,765	20,185	26,163	25,560
Net income	$ 74,389	$ 79,839	$ 104,470	$ 104,925
Basic earnings per share (in dollars per share)	$ 1.34	$ 1.41	$ 1.88	$ 1.85
Diluted earnings per share (in dollars per share)	1.33	1.40	1.87	1.83
Cash dividends declared per share (in dollars per share)	$ 0.215	$ 0.215	$ 0.43	$ 0.43