Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 224,874	$ 67,522
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,477	19,309
Depreciation and amortization – marketing and reservation system	18,364	14,994
Franchise agreement acquisition cost amortization	9,734	8,343
Loss on impairment of assets	0	5,516
Loss on extinguishment of debt	0	16,565
Non-cash stock compensation and other charges	24,277	4,748
Non-cash interest and other investment income	(11,039)	(465)
Deferred income taxes	(34,285)	(31,411)
Equity in net losses from unconsolidated joint ventures, less distributions received	8,421	7,320
Franchise agreement acquisition costs, net of reimbursements	(28,466)	(16,960)
Change in working capital and other	14,887	(25,801)
Net cash provided by operating activities	245,244	69,680
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in property and equipment	(46,098)	(32,176)
Investment in intangible assets	(3,113)	(1,212)
Proceeds from sale of tax credits for rehabilitation of historic building	0	9,197
Contributions to equity method investments	(2,150)	(4,620)
Distributions and sale proceeds from equity method investments	15,554	3,362
Purchases of investments, employee benefit plans	(1,279)	(2,254)
Proceeds from sales of investments, employee benefit plans	2,487	2,372
Purchase/issuance of notes receivable	(17,918)	(9,845)
Collection of notes receivable	63	5,113
Other items, net	(115)	(473)
Net cash used in investing activities	(52,569)	(30,536)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of Term Loan	0	249,500
Proceeds from issuance of 2020 Senior Notes	0	447,723
Net borrowings pursuant to revolving credit facilities	0	(18,200)
Principal payments on long-term debt	0	(466,915)
Payments to extinguish long-term debt	0	(14,347)
Debt issuance costs	(365)	(4,620)
Purchase of treasury stock	(10,039)	(55,158)
Dividends paid	(12,528)	(25,274)
Proceeds from exercise of stock options	10,817	6,615
Net cash (used in) provided by financing activities	(12,115)	119,324
Net change in cash and cash equivalents	180,560	158,468
Effect of foreign exchange rate changes on cash and cash equivalents	(223)	(267)
Cash and cash equivalents at beginning of period	234,779	33,766
Cash and cash equivalents at end of period	415,116	191,967
Cash payments during the period for:
Income taxes, net of refunds	58,229	41
Interest, net of capitalized interest	36,519	37,338
Non-cash investing and financing activities:
Dividends declared but not paid	12,517	0
Investment in property, equipment and intangibles acquired in accounts payable and accrued liabilities	$ 6,920	$ 757