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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Hotel operating revenues $ 251,722 $ 242,995 $ 741,775 $ 670,867
Rental income 73,915 72,305 220,863 230,078
FF&E reserve income 4,431 3,389 12,033 13,537
Total revenues 330,068 318,689 974,671 914,482
Expenses:        
Hotel operating expenses 184,566 168,278 527,806 450,845
Depreciation and amortization 66,566 57,106 192,206 171,050
General and administrative 10,336 11,292 32,333 30,746
Acquisition related costs 84 387 1,648 1,150
Loss on asset impairment     889 7,263
Total expenses 261,552 237,063 754,882 661,054
Operating income 68,516 81,626 219,789 253,428
Interest income 116 11 233 54
Interest expense (including amortization of deferred financing costs and debt discounts of $1,694, $1,614, $4,648 and $4,623, respectively) (34,854) (33,513) (101,660) (100,183)
Gain on sale of real estate 10,602   10,602  
Equity in earnings of an investee 115 28 236 111
Income before income taxes 44,495 48,152 129,200 153,410
Income tax benefit (expense) 163 (621) (3,908) (1,188)
Net income 44,658 47,531 125,292 152,222
Excess of liquidation preference over carrying value of preferred shares redeemed (5,040)   (7,984)  
Preferred distributions (10,138) (7,470) (32,048) (22,410)
Net income available for common shareholders 29,480 40,061 85,260 129,812
Net income 44,658 47,531 125,292 152,222
Other comprehensive income (loss):        
Unrealized gain (loss) on TravelCenters of America common shares 737 (4,877) 2,820 (2,530)
Equity interest in investee's unrealized gains 35 15 31 58
Other comprehensive income (loss) 772 (4,862) 2,851 (2,472)
Comprehensive income $ 45,430 $ 42,669 $ 128,143 $ 149,750
Weighted average common shares outstanding, Basic (in shares) 123,577 123,465 123,553 123,453
Weighted average common shares outstanding, Diluted (in shares) 123,577 123,465 123,553 123,453
Basic and diluted earnings per common share:        
Net income available for common shareholders, Basic (in dollars per share) $ 0.24 $ 0.32 $ 0.69 $ 1.05
Net income available for common shareholders, Diluted (in dollars per share) $ 0.24 $ 0.32 $ 0.69 $ 1.05