Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
REVENUES
Revenues	$ 217,806	$ 218,040
Total revenues	218,175	218,320
OPERATING EXPENSES
Selling, general and administrative	28,835	39,514
Depreciation and amortization	6,529	3,616
Marketing and reservation system	130,447	119,839
Owned hotels	6,034	0
Total operating expenses	171,845	162,969
Impairment of goodwill	0	(3,097)
Impairment of long-lived assets	0	(7,304)
Gain on sale of assets, net	0	100
Operating income	46,330	45,050
OTHER INCOME AND EXPENSES, NET
Interest expense	11,380	11,211
Interest income	(2,288)	(2,613)
Loss on extinguishment of debt	607	0
Other losses (gains)	4,277	(2,198)
Equity in net loss of affiliates	1,955	2,171
Total other income and expenses, net	15,931	8,571
Income before income taxes	30,399	36,479
Income tax (benefit) expense	(25,064)	6,398
Net income	$ 55,463	$ 30,081
Basic earnings per share (in dollars per share)	$ 1.00	$ 0.54
Diluted earnings per share (in dollars per share)	0.99	0.54
Cash dividends declared per share (in dollars per share)	$ 0.225	$ 0.215
Royalty fees
REVENUES
Revenues	$ 70,339	$ 80,353
Initial franchise and relicensing fees
REVENUES
Revenues	7,284	6,807
Procurement services
REVENUES
Revenues	13,797	11,947
Marketing and reservation system
REVENUES
Revenues	110,385	110,064
Owned hotels
REVENUES
Revenues	9,314	0
Total revenues	9,422	0
Other
REVENUES
Revenues	6,687	8,869
Total revenues	$ 6,948	$ 9,149