Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 108,219	$ 53,022
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,594	12,927
Depreciation and amortization – marketing and reservation system	12,076	9,585
Franchise agreement acquisition cost amortization	6,294	5,558
Loss on asset disposition and impairments	0	1,226
Loss on debt extinguishment	0	607
Non-cash stock compensation and other charges	16,295	458
Non-cash interest and other investment (income) loss	(6,824)	1,097
Deferred income taxes	(3,465)	(27,098)
Equity in net losses from unconsolidated joint ventures, less distributions received	7,398	5,588
Franchise agreement acquisition costs, net of reimbursements	(18,078)	(12,567)
Change in working capital and other	(32,102)	(48,951)
Net cash provided by operating activities	102,407	1,452
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in property and equipment	(23,393)	(21,094)
Investment in intangible assets	(2,976)	(830)
Contributions to equity method investments	(1,136)	(2,997)
Distributions from equity method investments	0	3,113
Proceeds from sale of equity method investments	11,830	0
Purchases of investments, employee benefit plans	(931)	(1,932)
Proceeds from sales of investments, employee benefit plans	1,994	1,901
Purchase/issuance of notes receivable	(17,918)	(7,730)
Collection of notes receivable	63	63
Other items, net	(486)	(27)
Net cash used in investing activities	(32,953)	(29,533)
CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings pursuant to revolving credit facilities	0	170,300
Net borrowings pursuant to term loan	0	249,500
Principal payments on long-term debt	0	(33,369)
Debt issuance costs	0	(492)
Purchase of treasury stock	(5,362)	(54,536)
Dividends paid	0	(25,228)
Proceeds from exercise of stock options	9,115	2,768
Net cash provided by financing activities	3,753	308,943
Net change in cash and cash equivalents	73,207	280,862
Effect of foreign exchange rate changes on cash and cash equivalents	(11)	(489)
Cash and cash equivalents at beginning of period	234,779	33,766
Cash and cash equivalents at end of period	307,975	314,139
Cash payments during the period for:
Income taxes, net of refunds	17,108	1,114
Interest, net of capitalized interest	21,885	23,248
Non-cash investing and financing activities:
Dividends declared but not paid	12,521	46
Investment in property, equipment and intangibles acquired in accounts payable and accrued liabilities	$ 4,085	$ 1,317