v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES        
Total revenues $ 440,762 $ 426,443 $ 781,337 $ 759,303
OPERATING EXPENSES        
Selling, general and administrative 96,153 89,298 174,199 163,508
Business combination, diligence and transition costs 536 347 772 446
Depreciation and amortization 16,813 13,424 33,634 27,172
Total operating expenses 336,624 301,846 617,165 554,774
Operating income 104,138 124,597 164,172 204,529
OTHER EXPENSES AND (INCOME), NET        
Interest expense 24,259 22,736 48,221 43,978
Interest income (1,095) (1,456) (2,306) (3,015)
Other gains, net (6,124) (5,374) (5,403) (4,938)
Equity in net loss of affiliates 1,216 80 7,468 131
Total other expenses and (income), net 18,256 15,986 47,980 36,156
Income before income taxes 85,882 108,611 116,192 168,373
Income tax expense 21,544 26,877 31,550 42,105
Net income $ 64,338 $ 81,734 $ 84,642 $ 126,268
Basic earnings per share (in usd per share) $ 1.42 $ 1.76 $ 1.85 $ 2.71
Diluted earnings per share (in usd per share) 1.41 1.75 1.84 2.68
Cash dividends declared per share (in usd per share) $ 0.2875 $ 0.2875 $ 0.5750 $ 0.5750
Franchise and management fees        
REVENUES        
Total revenues $ 187,536 $ 177,086 $ 337,167 $ 322,154
Partnership services and fees        
REVENUES        
Total revenues 28,674 27,064 53,408 52,445
Owned hotels        
REVENUES        
Total revenues 34,896 30,228 65,329 58,088
OPERATING EXPENSES        
Operating expenses 25,457 22,419 49,108 43,479
Other        
REVENUES        
Total revenues 26,332 24,716 38,205 35,843
Revenue for reimbursable costs from franchised and managed properties        
REVENUES        
Total revenues 163,324 167,349 287,228 290,773
OPERATING EXPENSES        
Operating expenses $ 197,665 $ 176,358 $ 359,452 $ 320,169