v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
Total revenues $ 340,575 $ 332,860
OPERATING EXPENSES    
Selling, general and administrative 78,046 74,210
Business combination, diligence and transition costs 236 99
Depreciation and amortization 16,821 13,748
Total operating expenses 280,541 252,928
Operating income 60,034 79,932
OTHER EXPENSES AND (INCOME), NET    
Interest expense 23,962 21,242
Interest income (1,211) (1,559)
Other losses, net 721 436
Equity in net loss of affiliates 6,252 51
Total other expenses and (income), net 29,724 20,170
Income before income taxes 30,310 59,762
Income tax expense 10,006 15,228
Net income $ 20,304 $ 44,534
Basic earnings per share (in usd per share) $ 0.44 $ 0.95
Diluted earnings per share (in usd per share) 0.44 0.94
Cash dividends declared per share (in usd per share) $ 0.2875 $ 0.2875
Franchise and management fees    
REVENUES    
Total revenues $ 149,631 $ 145,068
Partnership services and fees    
REVENUES    
Total revenues 24,734 25,381
Owned hotels    
REVENUES    
Total revenues 30,433 27,860
OPERATING EXPENSES    
Operating expenses 23,651 21,060
Other    
REVENUES    
Total revenues 11,873 11,127
Revenue for reimbursable costs from franchised and managed properties    
REVENUES    
Total revenues 123,904 123,424
OPERATING EXPENSES    
Operating expenses $ 161,787 $ 143,811