v3.19.2

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues [Abstract]
Revenue	$ 158,977	$ 163,285	$ 292,714	$ 298,310
Expenses
Depreciation and amortization	18,782	19,105	37,419	38,313
Air rights contract amortization	130	130	260	260
Corporate general and administrative	4,490	4,725	9,359	10,103
Costs related to the Park merger	4,400	0	4,400	0
Total operating expenses	130,220	127,970	250,402	249,972
Interest income	234	38	490	38
Interest expense	(8,039)	(8,914)	(16,039)	(17,758)
Income before income taxes	20,952	26,439	26,763	30,618
Income tax expense	(2,711)	(2,629)	(271)	(259)
Net income	$ 18,241	$ 23,810	$ 26,492	$ 30,359
Net income available per common share - basic	$ 0.31	$ 0.40	$ 0.44	$ 0.51
Net income available per common share - diluted	$ 0.30	$ 0.40	$ 0.44	$ 0.50
Rooms [Member]
Revenues [Abstract]
Revenue	$ 120,652	$ 125,517	$ 219,734	$ 226,130
Expenses
Hotel operating expenses	27,366	27,472	52,216	52,758
Food and beverage [Member]
Revenues [Abstract]
Revenue	30,156	30,561	57,621	58,194
Expenses
Hotel operating expenses	21,386	21,790	41,845	42,849
Other [Member]
Revenues [Abstract]
Revenue	8,169	7,207	15,359	13,986
Expenses
Hotel operating expenses	1,257	1,204	2,344	2,352
Indirect hotel operating expenses [Member]
Expenses
Hotel operating expenses	52,409	53,544	102,559	103,337
Total hotel operating expenses [Member]
Expenses
Hotel operating expenses	$ 102,418	$ 104,010	$ 198,964	$ 201,296

The aggregate expense charged against earnings to allocate the cost of air rights contracts to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operating activities.

+ References

No definition available.

Chesapeake Lodging Trust 10-Q