XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Total revenues $ 257,727 $ 182,947
OPERATING EXPENSES    
Selling, general and administrative 30,324 30,267
Depreciation and amortization 6,231 6,362
Marketing and reservation system 113,650 98,173
Owned hotels 8,154 4,147
Total operating expenses 158,359 138,949
Gain on sale of asset 29 0
Operating income 99,397 43,998
OTHER INCOME AND EXPENSES, NET    
Interest expense 11,470 11,777
Interest income (1,280) (1,281)
Other (gains) losses 1,716 (1,205)
Equity in net (gain) loss of affiliates (244) 5,997
Total other income and expenses, net 11,662 15,288
Income before income taxes 87,735 28,710
Income tax expense 20,344 6,373
Net income $ 67,391 $ 22,337
Basic earnings per share (in usd per share) $ 1.21 $ 0.40
Diluted earnings per share (in usd per share) 1.20 0.40
Cash dividends declared per share (in usd per share) $ 0.2375 $ 0
Royalty fees    
REVENUES    
Total revenues $ 90,739 $ 66,047
Initial franchise and relicensing fees    
REVENUES    
Total revenues 8,402 5,427
Procurement services    
REVENUES    
Total revenues 11,683 11,191
Marketing and reservation system    
REVENUES    
Total revenues 126,637 91,521
Owned hotels    
REVENUES    
Total revenues 12,037 4,354
Other    
REVENUES    
Total revenues $ 8,229 $ 4,407