XML 65 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information - Schedule of Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2017
USD ($)
segment
Jun. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Segment Information          
Number of reportable segments | segment     2    
Hotel operating revenues $ 488,477 $ 471,910 $ 896,064 $ 868,413  
Rental income 80,971 77,293 160,759 153,552  
FF&E reserve income 1,155 1,096 2,382 2,452  
Total revenues 570,603 550,299 1,059,205 1,024,417  
Hotel operating expenses 339,549 324,922 622,272 601,227  
Depreciation and amortization 95,155 88,782 188,606 176,053  
General and administrative 30,347 37,365 62,693 53,388  
Acquisition related costs 0 117 0 729  
Total expenses 465,051 451,186 873,571 831,397  
Operating income (loss) 105,552 99,113 185,634 193,020  
Dividend income 626 749 1,252 749  
Interest income 122 40 379 138  
Interest expense (45,189) (41,698) (88,755) (83,284)  
Loss on early extinguishment of debt 0 0 0 (70)  
Income before income taxes and equity in earnings of an investee 61,111 58,204 98,510 110,553  
Income tax expense (786) (2,160) (1,142) (2,535)  
Equity in earnings of an investee 374 17 502 94  
Net income (loss) 60,699 56,061 97,870 108,112  
Total assets 6,973,448   6,973,448   $ 6,634,228
Corporate          
Segment Information          
General and administrative 30,347 37,365 62,693 53,388  
Acquisition related costs       116  
Total expenses 30,347 37,365 62,693 53,504  
Operating income (loss) (30,347) (37,365) (62,693) (53,504)  
Dividend income 626 749 1,252 749  
Interest income 122 40 379 138  
Interest expense (45,189) (41,698) (88,755) (83,284)  
Loss on early extinguishment of debt       (70)  
Income before income taxes and equity in earnings of an investee (74,788) (78,274) (149,817) (135,971)  
Income tax expense (786) (2,160) (1,142) (2,535)  
Equity in earnings of an investee 374 17 502 94  
Net income (loss) (75,200) (80,417) (150,457) (138,412)  
Total assets 196,018   196,018   145,029
Hotels | Operating segments          
Segment Information          
Hotel operating revenues 488,477 471,910 896,064 868,413  
Rental income 8,355 8,326 16,618 16,468  
FF&E reserve income 1,155 1,096 2,382 2,452  
Total revenues 497,987 481,332 915,064 887,333  
Hotel operating expenses 339,549 324,922 622,272 601,227  
Depreciation and amortization 59,403 56,004 117,506 111,088  
Acquisition related costs   117   613  
Total expenses 398,952 381,043 739,778 712,928  
Operating income (loss) 99,035 100,289 175,286 174,405  
Dividend income      
Loss on early extinguishment of debt        
Income before income taxes and equity in earnings of an investee 99,035 100,289 175,286 174,405  
Net income (loss) 99,035 100,289 175,286 174,405  
Total assets 4,279,973   4,279,973   4,005,481
Travel Centers | Operating segments          
Segment Information          
Rental income 72,616 68,967 144,141 137,084  
Total revenues 72,616 68,967 144,141 137,084  
Depreciation and amortization 35,752 32,778 71,100 64,965  
Total expenses 35,752 32,778 71,100 64,965  
Operating income (loss) 36,864 36,189 73,041 72,119  
Dividend income      
Loss on early extinguishment of debt        
Income before income taxes and equity in earnings of an investee 36,864 36,189 73,041 72,119  
Net income (loss) 36,864 $ 36,189 73,041 $ 72,119  
Total assets $ 2,497,457   $ 2,497,457   $ 2,483,718