Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 145

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 145
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 some loss carryforwards do not expire. The federal loss carryforwards do not expire.   

We analyze our deferred tax assets for each jurisdiction and record a valuation allowance when we deem it more likely than not that future results will not generate sufficient taxable income to realize the deferred tax assets. As of December 31, 2024, we have a valuation allowance of $9.8 million on our deferred tax assets, which represents the amount of deferred tax assets that we believe is more likely than not to be realized. Our assessment included, among other considerations, the future reversals of existing taxable temporary differences and future taxable income that can be reasonably projected. 

12.  Earnings Per Share

The following is a reconciliation of the calculation of basic and diluted EPS (in thousands, except share and per-share data): Years Ended December 31, 202420232022Numerator:  Net income attributable to common stockholders$38,230 $76,523 $99,511 Denominator:Weighted-average number of common shares outstanding—basic210,286,342 211,518,826 212,423,873    Effect of dilutive securities:Unvested restricted common stock152,158 340,981 323,435 Shares related to unvested PSUs801,670 444,310 441,679 Weighted-average number of common shares outstanding—diluted211,240,170 212,304,117 213,188,987 Earnings per share:Earnings per share available to common stockholders—basic$0.18 $0.36 $0.47 Earnings per share available to common stockholders—diluted$0.18 $0.36 $0.47 There were no unvested restricted common shares or PSUs excluded from the diluted weighted-average common shares outstanding for the year ended December 31, 2024, 2023, and 2022.

F-31

The common OP units held by the noncontrolling interest holders have been excluded from the denominator of the diluted EPS calculation as there would be no effect on the amounts since the common OP units' share of income or loss would also be added or subtracted to derive net income (loss) available to common stockholders.

13.  Relationships with Managers and Franchisors

We are party to a hotel management agreement at each of our hotels. Under our hotel management agreements, the hotel manager receives