XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Revenues $ 182,832 $ 217,806
Total revenues 182,947 218,175
OPERATING EXPENSES    
Selling, general and administrative 30,267 28,383
Depreciation and amortization 6,362 6,529
Marketing and reservation system 98,173 130,447
Owned hotels 4,147 6,034
Total operating expenses 138,949 171,393
Operating income 43,998 46,782
OTHER INCOME AND EXPENSES, NET    
Interest expense 11,777 11,380
Interest income (1,281) (2,288)
Loss on extinguishment of debt 0 607
Other (gain) loss (1,205) 4,729
Equity in net loss of affiliates 5,997 1,955
Total other income and expenses, net 15,288 16,383
Income before income taxes 28,710 30,399
Income tax expense (benefit) 6,373 (25,064)
Net income $ 22,337 $ 55,463
Basic earnings per share (in dollars per share) $ 0.40 $ 1.00
Diluted earnings per share (in dollars per share) 0.40 0.99
Cash dividends declared per share (in dollars per share) $ 0 $ 0.225
Royalty fees    
REVENUES    
Revenues $ 66,047 $ 70,339
Initial franchise and relicensing fees    
REVENUES    
Revenues 5,427 7,284
Procurement services    
REVENUES    
Revenues 11,191 13,797
Marketing and reservation system    
REVENUES    
Revenues 91,521 110,385
Owned hotels    
REVENUES    
Revenues 4,239 9,314
Total revenues 4,354 9,422
Other    
REVENUES    
Revenues 4,407 6,687
Total revenues $ 4,407 $ 6,948