Company: DRH-PA
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001298946-25-000049
Chunk: 18

Company: DiamondRock Hospitality Co
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 both 2026 and 2027. As of March 31, 2025, the unrecognized compensation cost related to LTIP unit awards was $0.9 million and the weighted-average period over which the unrecognized compensation expense will be recorded is approximately 25 months. We recorded $0.1 million and $0.4 million of compensation expense related to LTIP unit awards for the three months ended March 31, 2025 and 2024, respectively.   

10.  Earnings Per Share

The following is a reconciliation of the calculation of basic and diluted earnings per share (“EPS”): Three Months Ended March 31,20252024Numerator:Net income attributable to common stockholders (in thousands)$9,403 $5,874 Denominator:Weighted-average number of common shares outstanding—basic208,509,552 211,669,343 Effect of dilutive securities:Unvested restricted common stock328,053 218,366 Shares related to unvested PSUs1,508,465 454,758 Weighted-average number of common shares outstanding—diluted210,346,070 212,342,467 Earnings per share:Earnings per share available to common stockholders—basic$0.05 $0.03 Earnings per share available to common stockholders—diluted$0.04 $0.03 

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The common OP units held by the noncontrolling interest holders have been excluded from the denominator of the basic and 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 available to common stockholders. 

11.  Segment Reporting

     We have one reportable segment, which is hotel ownership. The hotel ownership segment is mostly comprised of upper upscale and luxury chain scale hotels that offer hotel rooms, food and beverage and other ancillary guest services. The Company’s chief operating decision maker (“CODM”) is the Executive Committee which includes: 1) the Chief Executive Officer, 2) the President and Chief Operating Officer, 3) the Executive Vice President, Chief Financial Officer & Treasurer, and 4) the Senior Vice President, General Counsel & Corporate Secretary.The CODM evaluates the hotel ownership segment primarily based on hotel adjusted earnings (loss) before interest income and expense, taxes and depreciation and amortization (“Hotel Adjusted EBITDA