Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 104,470	$ 104,925
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,021	6,722
Depreciation and amortization – marketing and reservation system	8,599	10,048
Franchise agreement acquisition cost amortization	5,051	4,375
Gain on disposal of assets	(2,189)	(82)
Provision for bad debts, net	3,535	4,356
Impairment of long-lived assets	7,304	0
Impairment of goodwill	3,097	0
Loss on sale of business	4,641	0
Non-cash stock compensation and other charges	8,173	7,716
Non-cash interest and other (income) loss	(2,910)	808
Deferred income taxes	2,418	3,828
Equity in net losses from unconsolidated joint ventures, less distributions received	5,380	6,702
Franchise agreement acquisition cost, net of reimbursements	(19,122)	(20,326)
Change in working capital and other, net of acquisition	(37,729)	(65,258)
Net cash provided by operating activities	97,739	63,814
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in property and equipment	(38,177)	(21,611)
Investment in intangible assets	(1,037)	(1,329)
Proceeds from sales of assets	10,585	3,052
Business acquisition, net of cash acquired	0	(231,317)
Payment on business disposition, net	(10,783)	0
Contributions to equity method investments	(13,676)	(7,206)
Distributions from equity method investments	7,509	1,210
Purchases of investments, employee benefit plans	(2,276)	(2,047)
Proceeds from sales of investments, employee benefit plans	1,714	1,828
Issuance of notes receivable	(4,877)	(19,005)
Collections of notes receivable	5,442	3,505
Other items, net	309	232
Net cash used in investing activities	(45,267)	(272,688)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings pursuant to revolving credit facilities	9,400	69,000
Principal payments on long-term debt	(248)	(362)
Purchase of treasury stock	(42,437)	(70,573)
Dividends paid	(24,131)	(24,454)
Debt issuance costs	0	(914)
Proceeds from issuance of long term debt	20,715	352
Payments on transfer of interest in notes receivable	(24,409)	173
Proceeds from exercise of stock options	16,271	38,059
Net cash (used in) provided by financing activities	(44,839)	11,281
Net change in cash and cash equivalents	7,633	(197,593)
Effect of foreign exchange rate changes on cash and cash equivalents	132	(595)
Cash and cash equivalents at beginning of period	26,642	235,336
Cash and cash equivalents at end of period	34,407	37,148
Cash payments during the period for:
Income taxes, net of refunds	15,434	22,470
Interest, net of capitalized interest	21,126	21,558
Non-cash investing and financing activities:
Dividends declared but not paid	11,974	12,114
Investment in property and equipment acquired in accounts payable	$ 1,583	$ 3,393