7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 
      
    		                                                                         
      cash flows from operating activities
    		                                                                         
      net income
    		179,996,000 81,734,000 44,534,000 75,804,000 105,716,000 87,136,000 31,009,000 28,953,000 92,024,000 84,710,000 52,820,000 55,513,000 103,080,000 106,168,000 67,391,000 64,083,000 116,655,000 85,882,000 22,337,000 7,865,000 14,500,000 -2,441,000 55,463,000 42,169,000 76,239,000 74,389,000 30,081,000 31,471,000 79,959,000 79,839,000 25,086,000 -6,441,000 47,595,000 44,995,000 28,744,000 31,821,000 47,565,000 40,387,000 19,598,000 29,203,000 41,419,000 35,813,000 21,594,000 25,285,000 39,365,000 39,538,000 18,972,000 27,332,000 41,512,000 28,234,000 15,523,000 24,451,000 44,377,000 31,862,000 19,997,000 24,786,000 42,302,000 27,578,000 15,730,000 24,143,000 40,494,000 27,011,000 15,793,000 23,631,000 32,808,000 25,503,000 16,308,000 18,711,000 35,915,000 27,008,000 18,577,000 27,947,000 38,394,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                         
      depreciation and amortization
    		15,760,000 13,424,000 13,748,000 10,659,000 10,861,000 10,827,000 10,935,000 10,191,000 9,633,000 9,812,000 10,023,000 9,989,000 8,726,000 5,479,000 6,231,000 6,296,000 5,883,000 6,232,000 6,362,000 6,522,000 6,382,000 6,398,000 6,529,000 6,239,000 5,568,000 3,405,000 3,616,000 3,793,000 3,815,000 3,669,000 3,053,000 3,216,000 3,095,000 3,050,000 3,070,000 2,998,000 2,986,000 2,956,000 2,765,000 2,749,000 3,108,000 2,995,000 2,690,000 2,462,000 2,293,000 2,488,000 2,122,000 2,395,000 2,379,000 2,520,000 2,175,000 2,237,000 1,995,000 1,977,000 2,017,000 2,048,000 2,073,000 1,948,000 1,955,000 1,872,000 2,078,000 2,220,000 2,172,000 2,084,000 2,105,000 2,032,000 2,115,000 2,019,000 2,038,000 2,070,000 2,057,000 2,227,000 2,158,000 
      depreciation and amortization – reimbursable expenses from franchised and managed properties
    		4,869,000 4,539,000 4,887,000                                                                       
      franchise agreement acquisition cost amortization
    		7,759,000 7,470,000 9,791,000 8,118,000 6,591,000 7,808,000 6,185,000 5,408,000 5,236,000     3,839,000 3,784,000 3,488,000 3,440,000 3,250,000 3,044,000 2,967,000 2,785,000 2,739,000 2,819,000 455,000 2,486,000 2,366,000 2,685,000 2,577,000 2,287,000 2,221,000 2,154,000                                           
      gain from an acquisition of a joint venture
    		                                                                         
      gain on sale of assets
    		                                        76,000 -1,303,000 -292,000  40,000 -277,000 -2,572,000                           
      non-cash share-based compensation and other charges
    		8,001,000 9,604,000 9,834,000 10,805,000 13,192,000 8,656,000 10,597,000 12,139,000                                                                  
      non-cash interest, investments, and affiliate income
    		-4,463,000    -5,738,000                                                                     
      deferred income taxes
    		-18,563,000 224,000 626,000 2,058,000 -18,397,000 -1,953,000 -736,000 2,979,000 -6,472,000 -5,409,000 7,566,000 2,760,000 -16,909,000 -2,374,000 -3,119,000 33,279,000 -30,820,000 -2,087,000 -1,378,000 -13,415,000 -4,313,000 -421,000 -26,677,000 6,542,000 850,000 4,675,000 -2,257,000 2,100,000 -9,438,000 1,246,000 2,582,000 -5,457,000 46,223,000 454,000 -1,900,000 -6,213,000 -8,359,000 -2,168,000 6,198,000 2,414,000 296,000 -1,862,000 -233,000 -3,683,000 -9,943,000 -9,270,000 -3,000 -3,906,000 -8,287,000 3,723,000 446,000 1,087,000 -1,433,000 -164,000 -30,000 2,675,000 2,799,000 52,000 -12,000 323,000 -2,649,000 10,000 -65,000     2,291,000 -1,736,000 147,000 2,371,000 1,384,000 -4,355,000 
      equity in net income of affiliates, less distributions received
    		15,732,000 279,000 413,000   -40,000 1,200,000    421,000 -1,962,000 1,706,000 515,000 230,000                                                           
      franchise agreement acquisition costs, net of reimbursements
    		-20,885,000 -15,187,000 -26,287,000 -28,079,000 -32,060,000 -18,539,000 -33,486,000 -25,449,000 -26,717,000 -18,058,000 -28,092,000 -21,580,000 -5,931,000 -14,581,000 -12,435,000 -9,764,000 -10,388,000 -11,308,000 -6,770,000 -19,519,000 -4,393,000                                                     
      change in working capital and other
    		-18,781,000 -3,301,000 -38,594,000 -2,039,000 37,445,000 15,491,000 -33,501,000 15,278,000 27,672,000 16,984,000 -53,806,000  3,469,000 -23,560,000 -14,747,000  46,989,000 6,152,000 -38,254,000                                                       
      net cash from operating activities
    		68,687,000 95,603,000 20,467,000 82,863,000 122,945,000 111,854,000 1,741,000 49,364,000 121,451,000 113,706,000 12,033,000 101,859,000 105,853,000 95,425,000 63,924,000 138,452,000 142,837,000 102,287,000 120,000 40,381,000 68,228,000 -4,312,000 5,764,000 79,579,000 93,238,000 79,796,000 17,943,000 96,059,000 83,023,000 59,262,000 4,552,000 92,355,000 100,911,000   63,626,000 60,548,000   61,099,000 60,843,000   45,513,000 72,546,000 60,568,000 5,264,000 47,031,000 76,052,000 27,083,000 1,874,000 39,744,000 83,474,000   28,951,000 73,842,000   36,696,000 66,635,000 34,624,000 6,980,000 32,250,000 31,592,000 37,918,000 10,456,000 12,008,000 54,492,000 29,427,000 8,472,000 45,731,000 43,258,000 
      cash flows from investing activities
    		                                                                         
      investments in other property and equipment
    		-8,594,000 -7,790,000 -10,543,000 -5,482,000                                                                      
      investments in owned hotel properties
    		-19,631,000 -30,214,000 -35,462,000 -25,511,000                                                                      
      contributions to investments in affiliates
    		-80,647,000 -3,943,000 -5,415,000 -5,073,000 -28,209,000 -10,169,000 -9,317,000 -14,357,000 -9,245,000 -11,708,000 -3,620,000 1,116,000 -3,595,000 -401,000 -268,000                                                           
      issuances of notes receivable
    		-2,998,000 -1,401,000 -1,952,000 -13,589,000 -22,926,000 -437,000 -1,042,000 -4,000                                                                  
      collections of notes receivable
    		263,000 1,286,000 1,487,000 29,823,000 534,000 859,000 884,000 929,000 627,000 8,959,000 337,000 274,000 638,000 0 63,000     1,381,000 5,050,000 0 63,000 3,740,000 5,049,000 346,000 5,096,000 250,000                       19,000 3,235,000 116,000 59,000 151,000 4,739,000 2,000 6,000 7,000 28,000 5,018,000 27,000 10,000 134,000 65,000 123,000 2,000 66,000 111,000 81,000 176,000  1,206,000 
      business acquisition, net of cash acquired
    		           0                0 0 0 -231,317,000     0                                      
      proceeds from the sale of assets
    		                                                                         
      proceeds from sales of equity securities
    		   0 91,334,000 15,585,000 1,230,000                                                                   
      distributions from sales of affiliates
    		   0 0                                                                     
      other items
    		5,676,000 -134,000 -1,067,000 -3,831,000 41,000 -33,000 -233,000 -1,344,000 1,073,000 245,000 -771,000 -448,000 2,013,000 224,000 -529,000 -1,124,000 371,000   -150,000 -446,000 -41,000 14,000 -33,000 -2,151,000 112,000 197,000 25,000 -1,297,000   0 -1,000 114,000 -4,000 433,000 -111,000 -175,000 -136,000 -607,000 -8,951,000 -184,000 -77,000 -50,000 -296,000 -142,000 -154,000 -150,000 -274,000 -203,000 -101,000 -111,000 -96,000 -118,000 -108,000 -252,000 -120,000 -97,000 -95,000 -23,000 65,000 -237,000 -124,000 -137,000 -201,000 -172,000 -74,000 270,000 -913,000 49,000 -101,000 -260,000 -109,000 
      net cash from investing activities
    		-82,709,000 -42,196,000 -52,952,000 -21,208,000 -1,331,000 -19,296,000 -42,736,000 -162,361,000 -44,115,000 -29,687,000 -29,463,000 41,231,000 -459,670,000 -1,524,000 -22,467,000 -26,357,000 -19,616,000 -23,240,000 -9,713,000 6,057,000 -1,003,000 -14,708,000 -14,825,000 -31,001,000 -174,899,000 -40,987,000 -4,280,000 -21,405,000 -27,159,000 -31,503,000 -241,185,000        -41,268,000     -12,356,000    801,000 -7,745,000 -6,789,000 -13,816,000 -38,437,000 -9,175,000 -8,891,000 -1,496,000 -6,973,000 -6,499,000 -4,745,000 -5,587,000   -15,161,000 -6,254,000   -3,790,000 -3,942,000 -5,333,000 -7,603,000 -4,048,000 -3,281,000 -2,899,000 -4,937,000 
      cash flows from financing activities
    		                                                                         
      net borrowings pursuant to revolving credit facilities
    		18,482,000 24,500,000 105,500,000  -147,000,000 175,000,000 126,500,000  6,500,000 9,000,000 176,000,000           -226,500,000 396,800,000  88,400,000 -33,000,000 42,400,000   -1,000,000 70,000,000   400,000 22,800,000 -27,019,000 -35,136,000 8,683,000 79,267,000           -2,800,000 18,000,000        7,900,000               
      proceeds from the issuance of long-term debt
    		   0                                        24,000 200,000               0              
      proceeds from economic development loans
    		                                                                         
      repayment of long-term debt
    		   0                                                                      
      debt issuance costs
    		   0 -5,309,000   -798,000 0 0 -755,000 -20,000 0   0    0 -4,128,000   -3,636,000    0 -1,676,000 0 -914,000     0    0            -6,000 -4,600,000   0 0 -149,000 -2,207,000 4,000              
      purchases of treasury stock
    		-202,000 -48,132,000 -64,624,000 -31,779,000 -56,253,000 -233,252,000 -59,459,000 -58,372,000 -69,945,000 -73,967,000 -160,488,000 -188,237,000                     -1,473,000 -143,000 -7,271,000  -5,680,000 -19,421,000 -8,857,000  -50,206,000 -17,000 -6,227,000  -19,213,000                             
      dividends paid
    		-13,326,000 -13,397,000 -13,471,000 -13,009,000 -13,634,000 -14,126,000 -14,728,000 -14,384,000 -14,539,000 -14,713,000 -12,821,000 -12,848,000 -13,244,000 -13,249,000 -13,204,000 -12,516,000    0 -46,000 -12,437,000 -12,791,000 -11,986,000 -11,972,000 -11,968,000 -12,163,000 -12,087,000 -12,174,000 -12,189,000 -12,265,000 -12,168,000 -12,150,000 -12,194,000 -12,139,000 -11,492,000 -11,497,000 -11,581,000 -11,612,000 -11,041,000 -11,233,000 -11,230,000 -11,710,000 -10,762,000 -10,810,000 -11,173,000 -10,784,000 -10,773,000 -10,765,000 -10,758,000 -503,000 -21,341,000 -611,355,000 -10,683,000 -10,713,000 -10,824,000 -11,001,000 -10,972,000 -10,950,000 -10,924,000 -10,960,000 -10,979,000 -10,945,000 -10,939,000 -11,014,000 -11,164,000 -11,157,000 -11,516,000 -10,613,000 -10,529,000 -10,484,000 -10,617,000 -9,771,000 
      proceeds from the exercise of stock options
    		1,103,000 1,582,000 4,803,000 8,246,000 5,018,000 101,000 4,160,000 -374,000                                                                  
      net cash from financing activities
    		6,307,000 -35,447,000 32,208,000 -79,542,000 -123,604,000 -75,037,000 56,473,000 103,072,000 -76,881,000 -79,568,000 7,440,000 -154,657,000 -200,235,000 -13,463,000 -25,795,000 -15,605,000 -15,868,000 5,954,000 -2,201,000 -3,926,000 -189,619,000 11,010,000 297,933,000 -46,724,000 79,068,000 -36,287,000 -8,552,000 -78,712,000 -61,986,000 -26,824,000 38,105,000    8,200,000    64,192,000    9,773,000 -61,413,000   205,000 -40,169,000 -51,427,000      -19,022,000 -39,630,000 -32,690,000 -18,353,000 -4,397,000 -15,936,000 -58,818,000 -13,455,000 -2,984,000 -23,751,000 -39,024,000 -30,675,000 -1,660,000 -15,257,000 -40,054,000 -20,152,000 -250,000 -43,809,000 -38,297,000 
      net change in cash and cash equivalents
    		-7,715,000 17,960,000 -277,000 -17,887,000 -1,990,000 17,521,000 15,478,000 -9,925,000 455,000 4,451,000 -9,990,000 -11,567,000 -554,052,000 80,438,000 15,662,000 96,490,000 107,353,000 85,001,000 -11,794,000 42,512,000 -122,394,000 -8,010,000 288,872,000 1,854,000 -2,593,000 2,522,000 5,111,000 -4,058,000 -6,122,000 935,000 -198,528,000 -3,470,000 40,413,000 9,957,000 -15,418,000 -2,768,000 -1,824,000 14,097,000 -21,000 -5,552,000 -30,433,000 29,927,000 -13,331,000 -28,256,000 34,249,000 36,216,000 6,496,000 7,663,000 16,880,000 5,470,000 6,194,000 19,117,000 -370,696,000 393,996,000 -16,106,000 -17,652,000 34,653,000 14,170,000 -15,201,000 11,264,000 6,573,000 6,008,000 -2,258,000 4,077,000 1,373,000 3,453,000 4,854,000 -8,582,000 6,835,000 5,227,000 4,941,000 -977,000 24,000 
      effect of foreign exchange rate changes on cash and cash equivalents
    		1,688,000 596,000 154,000 -501,000 146,000 777,000 -121,000 247,000 -190,000 37,000 103,000 592,000 -592,000 -462,000 -58,000 -1,000 -212,000 13,000 -24,000 300,000 222,000 195,000 -684,000 343,000 -245,000 75,000 57,000 -216,000 -110,000 -621,000 26,000 -42,000 478,000 528,000 427,000 -722,000 -111,000 -281,000 652,000 -268,000 -956,000 179,000 -1,004,000 -1,257,000 -1,399,000 448,000 587,000 -1,006,000 468,000 -1,905,000 -146,000 -4,000 370,000 82,000 361,000 -25,000 -880,000 386,000 347,000 447,000 2,049,000 -675,000 -19,000 148,000 462,000 962,000 -139,000 -1,265,000      
      cash and cash equivalents, beginning of period
    		0 0 40,177,000 0 0 0 26,754,000 0                                                                  
      cash and cash equivalents, end of period
    		-6,027,000 18,556,000 40,054,000 -18,388,000 -1,844,000 18,298,000 42,111,000 -9,678,000                                                                  
      supplemental disclosure of cash flow information:
    		                                                                         
      cash payments during the period for
    		                                                                         
      income taxes, net of refunds and transferable tax credits
    		                                                                         
      interest, net of capitalized interest
    		31,454,000 12,616,000 32,268,000  13,339,000 23,267,000 19,596,000  16,152,000 15,445,000 13,396,000 10,217,000 15,077,000 7,152,000 14,462,000 7,420,000 14,634,000 7,536,000 14,349,000   10,621,000 12,627,000  21,043,000 1,241,000 19,885,000  20,188,000 1,676,000 19,882,000  19,913,000 1,332,000 19,874,000  19,900,000 1,323,000 19,712,000 869,000 19,387,000 1,071,000 18,729,000                               
      non-cash investing and financing activities
    		                                                                         
      dividends declared but not paid
    		-5,000 -87,000 13,391,000  -114,000 -534,000 14,147,000  103,000 151,000 14,985,000 360,000 -473,000 -1,000 13,250,000 691,000 -4,000     -12,267,000 12,313,000  4,000 4,000 11,970,000  -27,000 -3,000 12,117,000  34,000 -62,000 12,195,000  1,000 -82,000 11,580,000 507,000 -192,000 3,000 11,230,000 412,000 -46,000 -363,000 11,173,000 12,000 7,000 7,000 10,759,000                       
      investments in property, equipment, and intangible assets recognized in accounts payable and accrued expense liabilities
    		-138,000 3,242,000 17,337,000  8,567,000 -3,065,000 14,020,000                                                                   
      income taxes, net of refunds
    		 38,519,000 3,029,000  35,773,000 26,634,000 2,327,000  38,410,000 30,601,000 1,603,000 34,493,000 41,335,000 39,631,000 513,000 48,310,000 41,121,000 16,785,000 323,000   90,000 1,024,000  10,247,000 14,627,000 807,000  28,336,000 17,436,000 5,034,000  441,000 29,359,000 1,454,000  19,585,000 8,292,000 4,208,000 22,516,000 11,422,000 18,695,000 2,357,000 25,962,000 32,006,000 13,752,000 5,842,000 34,523,000 1,338,000 10,623,000 1,029,000 25,848,000 11,309,000 12,645,000 1,746,000 28,261,000 9,696,000 3,770,000 3,756,000 23,566,000 14,640,000 8,173,000 3,748,000 17,487,000 15,241,000 1,255,000 230,000 20,421,000 12,219,000 12,817,000 351,000 26,361,000 29,102,000 
      non-cash interest, investments, and affiliate loss
    		  1,515,000                                                                       
      depreciation and amortization - other incomes from franchised and managed properties
    		                                                                         
      gain on extinguishment of debt
    		                                                                         
      impairment of long-lived assets
    		                       -12,000 -33,000 0 7,304,000                                               
      gain on sale of business and assets
    		                                                                         
      non-cash interest, investments, and affiliate (income) loss
    		                                                                         
      equity in net (gain) loss of affiliates, less distributions received
    		       -949,000                                                                  
      purchases of equity securities
    		                                                                         
      proceeds from the sale of assets and business
    		                                                                         
      proceeds from the termination of intangible assets
    		                                                                         
      net borrowings (repayments) pursuant to revolving credit facilities
    		                                               -29,500,000    40,275,000     0                 
      payments to extinguish acquired debt
    		           0                                                              
      proceeds from acquired derivative
    		           0                                                              
      depreciation and amortization – other incomes from franchised and managed properties
    		    6,439,000 6,769,000 7,028,000                                                                   
      equity in net gain of affiliates, less distributions received
    		                                                                         
      purchases of investments for employee benefit plans
    		    -394,000 -477,000 -1,633,000 -516,000                                                                  
      investments in intangible assets
    		    -431,000 -263,000 -1,439,000 -121,000                                                                  
      proceeds from sales of investments for employee benefit plans
    		    40,000 551,000 1,591,000 346,000                                                                  
      investments in property and equipment
    		     -40,762,000 -32,777,000 -34,874,000                                                                  
      non-cash interest, investments, and affiliate loss (income)
    		      2,510,000                                                                   
      proceeds from the sale of affiliates
    		       0                                                                  
      (gain) loss on sale of business and assets
    		                                                                         
      non-cash interest, investment, and affiliate (income) loss
    		       -7,038,000 1,389,000                                                                 
      asset acquisitions, net of cash paid
    		            0                                                             
      cash received from extinguishment of notes receivable
    		                                                                         
      net (repayments) borrowings pursuant to revolving credit facilities
    		                   -280,000                                                      
      proceeds from issuance of term loan
    		                   0                                                      
      principal payments on long-term debt
    		                   -6,942,000 -433,546,000 -130,000 -33,239,000  -123,000 -125,000 -123,000 -126,000 -115,000 -251,000 -111,000 -176,000 -175,000 -156,000 -153,000 -152,000 -213,000 -305,000 -318,000 -307,000 -124,025,000 -3,087,000 -3,082,000 -2,998,000 -2,998,000 -2,060,000 -2,052,000 -2,046,000 -2,063,000 -2,049,000 -2,046,000         -5,000              
      depreciation and amortization – marketing and reservation system
    		        8,963,000 9,305,000 9,276,000   7,454,000 7,154,000  6,288,000 6,261,000 5,815,000  5,409,000 4,712,000 4,873,000  3,756,000 4,078,000 4,521,000  4,639,000 4,977,000 5,071,000                                           
      business acquisitions, net of cash acquired
    		                                                                         
      principal payments on 2012 senior notes
    		                                                                         
      investment in property, equipment and intangible assets acquired in accounts payable and accrued liabilities
    		                                                                         
      asset acquisition from extinguishment of note receivable
    		           0 0                                                             
      gain on sale and disposal of business and assets
    		            -13,379,000                                                             
      non-cash stock compensation and other charges
    		         13,059,000 10,630,000     11,454,000 7,982,000 11,269,000 5,026,000 4,942,000 4,290,000 3,033,000 -2,575,000 5,182,000 4,260,000 4,184,000 3,989,000 4,531,000 3,739,000 3,929,000 3,787,000 2,971,000 13,560,000 3,128,000 3,681,000 4,421,000 3,071,000 4,612,000 3,354,000 2,876,000 3,530,000 2,890,000 2,509,000 1,613,000 3,382,000 1,824,000 2,887,000 2,633,000 3,057,000 3,032,000 2,549,000 5,069,000 2,438,000 2,325,000 2,543,000 4,249,000 2,826,000 2,923,000 4,513,000 2,335,000 1,672,000 2,627,000 2,670,000 4,965,000 2,195,000 4,195,000 2,406,000 925,000 2,194,000 4,457,000 3,338,000 2,228,000 2,273,000 
      investment in property and equipment
    		         -26,118,000 -19,566,000 -23,870,000 -16,218,000 -23,057,000 -26,809,000 -28,196,000 -22,705,000 -14,029,000 -9,364,000 -1,427,000 -11,082,000 -14,865,000 -6,229,000 -11,207,000 -7,958,000 -23,271,000 -14,906,000 -13,544,000 -12,518,000 -16,615,000 -4,996,000 -5,923,000 -6,827,000 -5,969,000 -4,718,000 -7,607,000 -6,672,000 -5,606,000 -5,306,000 -5,955,000 -7,256,000 -7,750,000 -6,804,000 -9,060,000 -4,572,000 -4,299,000 -3,015,000 -5,082,000 -5,437,000 -7,360,000 -13,645,000 -2,918,000 -6,289,000 -3,107,000 -3,129,000 -2,795,000 -3,019,000 -3,275,000 -1,835,000 -6,695,000 -5,424,000 -7,691,000 -4,558,000 -3,596,000 -2,550,000 -2,921,000 -2,068,000 -4,738,000 -2,413,000 -2,854,000 -2,606,000 -3,229,000 -2,948,000 
      investment in intangible assets
    		         -288,000 -1,097,000 -384,000 -1,423,000 -616,000 -1,208,000 -460,000 -137,000 -2,091,000 -885,000 -147,000 -382,000 174,000 -1,004,000 -3,040,000 -2,622,000 -277,000 -760,000 -138,000 -336,000 -136,000 -1,193,000 -141,000 -148,000 -140,000 -2,088,000                                       
      proceeds from sale of assets and business
    		                                                                         
      asset acquisition, net of cash acquired
    		                       0    0                                              
      proceeds from sale of equity method investments
    		         0 868,000                                                               
      purchases of investments, employee benefit plans
    		         -536,000 -2,670,000 -466,000 -425,000 -476,000 -2,818,000 -426,000 -348,000 -380,000 -551,000 -308,000 -322,000 -388,000 -1,544,000 -427,000 -472,000 -673,000 -1,603,000 -454,000 -394,000 -378,000 -1,669,000 -307,000 -404,000 -312,000 -1,424,000 -231,000 -290,000 -244,000 -896,000 -243,000 -1,241,000 -647,000 -1,089,000 -1,274,000 -300,000 -330,000 -890,000 -831,000 -265,000 -338,000 -1,242,000 -506,000 -222,000 -226,000 -743,000 -551,000 88,000 -242,000 -897,000 -552,000 -192,000 -100,000 -1,104,000 -615,000 -775,000 -461,000 -2,003,000 -894,000 -840,000 -1,663,000 -4,405,000 -1,558,000 -1,427,000 
      proceeds from sales of investments, employee benefit plans
    		         383,000 716,000 12,000 42,000 1,000 1,853,000 122,000 493,000 2,000 1,992,000 106,000 471,000 204,000 1,697,000 20,000 483,000 77,000 1,637,000 179,000 818,000 799,000 1,029,000 95,000 56,000 1,251,000 843,000 516,000 259,000 773,000 363,000 250,000 1,833,000 162,000 925,000 -2,000 325,000 360,000 281,000 116,000 118,000 52,000 3,882,000 314,000 1,940,000 317,000 8,652,000                   
      issuance of notes receivable
    		         -624,000 -3,660,000 -30,000 -3,630,000 -742,000 -1,245,000     0 -2,115,000 -1,952,000 -5,778,000 -9,955,000 -5,890,000 -3,122,000 -1,755,000 -7,169,000                       -1,729,000 -27,620,000 -1,485,000 -2,101,000 -3,719,000 -8,446,000 -1,669,000 -1,174,000 -1,477,000 -2,885,000 -893,000 -7,474,000 -534,000 -264,000 -402,000 -381,000 -948,000 -999,000 -4,727,000 -909,000 -775,000 -1,329,000 -2,811,000 
      proceeds from exercise of stock options
    		         112,000 5,504,000 1,448,000 2,000 148,000 2,211,000 237,000 1,702,000 6,270,000 2,845,000 3,588,000 3,847,000 1,533,000 1,235,000 2,891,000 2,248,000 7,068,000 9,203,000 205,000 3,096,000 15,007,000 23,052,000 4,308,000 3,209,000 1,627,000 4,963,000 6,149,000 2,568,000 97,000 4,137,000 675,000 685,000 77,000 5,619,000 5,114,000 3,437,000 0 1,547,000 2,187,000 704,000 606,000 5,367,000 2,395,000 4,250,000 56,000 389,000 119,000 594,000 894,000 2,238,000 1,136,000 6,000 667,000 648,000 2,414,000 2,141,000 1,892,000 2,711,000 2,941,000 171,000 3,119,000 2,795,000 656,000 577,000 
      cash and cash equivalents at beginning of period
    		         0 41,566,000 0 0 0 511,605,000 0 0 0 234,779,000 0 0 0 33,766,000 0 0 0 26,642,000 0 0 0 235,336,000 0 0 0 202,463,000 0 0 0 193,441,000 0 0 0 214,879,000 0 0 0 167,795,000 0 0 0 134,177,000 0 0 0 107,057,000 0 0 0 91,259,000 0 0 0 67,870,000 0 0 0 52,680,000 0 0 0 46,377,000 0 0 
      cash and cash equivalents at end of period
    		         4,488,000 31,679,000 -10,975,000 -554,644,000 79,976,000 527,209,000 96,489,000 107,141,000 85,014,000 222,961,000 42,812,000 -122,172,000 -7,815,000 321,954,000 2,197,000 -2,838,000 2,597,000 31,810,000 -4,274,000 -6,232,000 314,000 36,834,000 -3,512,000 40,891,000 10,485,000 187,472,000 -3,490,000 -1,935,000 13,816,000 194,072,000 -5,820,000 -31,389,000 30,106,000 200,544,000 -29,513,000 32,850,000 36,664,000 174,878,000 6,657,000 17,348,000 3,565,000 140,225,000 19,113,000 -370,326,000 394,078,000 91,312,000 -17,677,000 33,773,000 14,556,000 76,405,000 11,711,000 8,622,000 5,333,000 65,593,000 4,225,000 1,835,000 4,415,000 57,395,000 -9,847,000 5,982,000 5,227,000 51,318,000 -977,000 24,000 
      investment in property, equipment and intangibles acquired in accounts payable and accrued liabilities
    		         2,012,000 6,704,000 31,000 -363,000 1,586,000 4,129,000 -3,402,000 2,835,000 1,300,000 2,785,000                                                       
      amortization - franchise agreement acquisition cost
    		          4,637,000                                                               
      non-cash interest and investment (income) loss
    		          -1,442,000                                                               
      proceeds from sale of business and assets
    		            107,661,000                                                             
      depreciation and amortization - marketing and reservation system
    		                                                                         
      loss on extinguishment of debt
    		                    15,958,000 0 607,000                             0                      
      (gain) loss on sale and disposal of assets
    		                                                                         
      change in working capital and other, net of acquisition
    		                   32,292,000 47,825,000 -31,343,000 -42,283,000 18,692,000 -2,787,000 -6,715,000 -31,014,000 47,028,000 16,199,000 -28,904,000 -36,354,000                                           
      proceeds from sales of assets
    		                       0 0 0 10,585,000 0 1,000        6,660,000 0 1,700,000  64,000 4,691,000 1,592,000  3,396,000 3,513,000 8,703,000                           
      asset acquisitions, net of cash acquired
    		                                                                         
      proceeds from sale of tax credits for rehabilitation of historic building
    		                                                                         
      proceeds from termination of intangibles
    		           39,013,000                                                              
      distributions and sales proceeds from investments in affiliates
    		                                                                         
      proceeds from issuance of 2020 senior notes
    		                   0                                                      
      payments to extinguish long-term debt
    		                   0                                                      
      cash payments during the year for
    		                                                                         
      depreciation and amortization – marketing, reservation, and system
    		                                                                         
      stock compensation and other charges
    		            10,851,000 10,215,000 7,555,000                                                           
      interest and investment loss
    		            1,676,000 5,550,000 1,909,000                                                           
      purchase of treasury stock
    		             -338,000 -14,802,000  -4,677,000 -316,000 -5,046,000  -622,000 -464,000 -54,072,000  -2,333,000 -10,486,000 -31,951,000  -38,693,000 -28,704,000 -41,869,000                -4,530,000 -281,000 -33,000 -17,000 -3,634,000 -359,000 -54,000 -7,319,000 -14,854,000 -28,821,000 -22,269,000 -320,000 -2,207,000 -41,000 -1,929,000 -306,000 -8,936,000 -2,086,000 -20,692,000 -17,042,000 -19,308,000 -62,164,000 -62,000 -60,000 -1,446,000 -29,186,000 -109,408,000 
      gain on sale of asset
    		              -29,000                                                           
      proceeds from sale of asset
    		              8,494,000                                                           
      impairment of goodwill
    		                       0 0 0 3,097,000                                               
      loss on sale of business
    		                       8,000 25,000                                                 
      gain on sale and disposal of assets
    		                                                                         
      non-cash interest, investment, and affiliate income
    		                                                                         
      payment on business disposition
    		                       0 0                                                 
      proceeds from issuance of long term debt
    		                       398,513,000 3,148,000 12,224,000 8,491,000 8,509,000 176,000 140,000 212,000                                           
      payments on transfer of interest in notes receivable
    		                          -24,409,000                                               
      loss on impairment of assets
    		                                                                         
      non-cash interest and other investment income
    		                                                                         
      equity in net incomees from unconsolidated joint ventures, less distributions received
    		                1,023,000 1,401,000 5,997,000 8,119,000 1,732,000 3,483,000 2,105,000 328,000 6,854,000 1,426,000 3,954,000 267,000 420,000 -33,000 6,735,000 2,301,000 735,000 1,157,000 2,386,000 -629,000                                      
      contributions to equity method investments
    		                -1,014,000 -168,000 -968,000 -834,000 -1,623,000 -796,000 -2,201,000 -10,499,000 -3,653,000 -5,181,000 -8,495,000 -554,000 -1,844,000 -5,751,000 -1,455,000 -5,678,000 -2,749,000 -10,517,000 -31,610,000 -10,482,000 -4,491,000 -15,395,000 -4,293,000 -19,926,000 -1,365,000                                 
      distributions and sale proceeds from equity method investments
    		                                                                         
      purchase/issuance of notes receivable
    		                0                                                         
      collection of notes receivable
    		                0 0 63,000                                                       
      supplemental disclosure of cash flow information
    		                                                                         
      cash payments during the period for:
    		                                                                         
      non-cash investing and financing activities:
    		                                                                         
      loss on asset disposition and impairments
    		                    4,290,000                                                     
      loss on debt extinguishment
    		                                                                         
      non-cash interest and other investment (income) loss
    		                 -4,765,000 -2,059,000                                                       
      distributions from equity method investments
    		                   1,000 249,000 2,956,000 157,000 400,000 2,332,000 1,785,000 5,724,000 0 219,000 444,000 766,000 262,000 2,611,000 1,186,000 510,000 0 81,000 3,552,000 67,000 248,000 0                                 
      net borrowings pursuant to term loan
    		                                                                         
      gain on disposal of assets
    		                       78,000 8,000 -69,000 -2,120,000     20,000    31,000                                      
      proceeds from sale of unconsolidated joint venture
    		                       0                                                  
      (payments on) proceeds from transfer of interest in notes receivable
    		                       0 0                                                 
      cash flows from operating activities:
    		                                                                         
      non-cash interest and other income
    		                                                      -1,593,000    -350,000              -1,000 
      cash flows from investing activities:
    		                                                                         
      proceeds from sale of tax credits
    		                                                                         
      cash flows from financing activities:
    		                                                                         
      proceeds from issuance of long-term debt
    		                                                    150,056,000                     
      benefit from credit losses
    		                     16,989,000 7,686,000                                                   
      non-cash interest and other loss
    		                     -3,242,000 4,339,000                                            949,000       
      investment in property and equipment acquired in accounts payable
    		                     -1,392,000 2,709,000  -8,000 -4,149,000 5,732,000  -1,650,000 3,019,000 374,000  -137,000 171,000 724,000  -120,000 -270,000 944,000 2,106,000 -47,000 278,000 1,380,000  202,000 85,000 603,000 -105,000 -5,333,000                         
      franchise agreement acquisition cost, net of reimbursements
    		                      -7,122,000 -13,352,000 -6,470,000 -12,721,000 -6,401,000 -12,375,000 -20,228,000 -8,401,000 -11,925,000                                           
      benefit from bad debts
    		                       2,518,000 2,187,000 552,000 2,983,000 4,263,000 1,923,000 967,000 3,389,000 1,644,000 880,000 355,000 561,000 1,058,000 131,000 307,000 655,000 164,000 343,000 374,000 823,000 1,099,000 293,000 201,000 1,182,000 670,000 634,000 576,000 844,000 1,094,000 566,000 557,000 679,000 1,315,000 -495,000 562,000 778,000 1,126,000 784,000 781,000 856,000 935,000 900,000 393,000 350,000 8,563,000 599,000 227,000 44,000 772,000 661,000 
      principal payments on long-term debt, including premium on extinguishment
    		                                                                         
      non-cash interest and other (income) loss
    		                        295,000 -415,000 -2,495,000  -316,000 -166,000 974,000 -321,000 -177,000 27,000 -301,000   291,000 667,000 61,000 1,828,000 834,000 506,000 1,338,000 1,117,000 303,000 416,000 488,000 90,000 891,000 76,000 925,000 187,000   -871,000      1,294,000 -987,000 -450,000 -2,846,000   4,811,000 2,773,000 139,000 1,577,000   
      proceeds from other debt agreements
    		                                                                         
      proceeds from transfer of interest in notes receivable
    		                           0 0   0                                          
      (gain) loss on disposal of assets
    		                                                                         
      issuance of mezzanine and other notes receivable
    		                             -16,505,000 -2,500,000 -1,173,000 -3,588,000 -5,114,000 -9,863,000 -12,323,000 -7,233,000 -5,561,000 -7,487,000 -11,631,000 -23,753,000   0 -1,117,000 -1,636,000 -587,000                           
      collections of mezzanine and other notes receivable
    		                             3,355,000 150,000 25,000 78,000 30,000 522,000 30,000 882,000 10,049,000 109,000 1,152,000 130,000 3,462,000 105,000 1,457,000 89,000 9,675,000 68,000 9,524,000 23,000                         
      changes in assets and liabilities, net of acquisition:
    		                                                                         
      receivables
    		                               24,394,000 -6,847,000 -29,308,000 -11,365,000 20,507,000 -3,368,000 -24,585,000 -14,473,000 24,933,000 4,324,000 -17,232,000 -11,624,000 16,247,000 9,021,000 -32,027,000 -7,491,000 6,969,000 7,457,000 -17,625,000 -3,531,000 12,166,000 -5,147,000 -11,388,000 -870,000 7,709,000 -4,436,000 -9,808,000 -1,250,000 5,282,000 -4,450,000 -9,626,000 -435,000 8,613,000 -7,635,000 -6,229,000 4,455,000 4,288,000 -3,539,000 -2,696,000 -2,411,000 12,826,000 -8,501,000 
      advances to/from marketing and reservation activities
    		                                     -2,867,000 -39,804,000 -7,267,000 14,617,000 -902,000 4,626,000 9,992,000 28,665,000 26,213,000 5,309,000 18,649,000                          
      forgivable notes receivable
    		                               -9,195,000 -7,335,000 -9,625,000 -4,483,000 -2,301,000 -1,935,000 -6,710,000 -6,464,000 -2,037,000 -1,843,000 -5,815,000 -13,371,000 -4,138,000 -2,084,000 -3,069,000 -3,623,000 -2,625,000 -2,127,000                         
      accounts payable
    		                               -7,224,000 724,000 9,752,000 9,203,000 -10,157,000 -14,099,000 14,547,000 -3,980,000 1,382,000 -11,879,000 18,142,000 -1,152,000 -12,209,000 13,529,000 6,236,000 2,080,000 1,024,000 -8,613,000 -578,000 10,471,000 -5,969,000 -350,000 -382,000 6,712,000 -6,319,000 -1,558,000 7,801,000 -1,775,000 -530,000 -2,769,000 5,749,000 3,294,000 -6,218,000 -3,584,000 10,618,000 -9,095,000 2,923,000 -7,503,000 4,846,000 -13,404,000 14,017,000 -274,000 
      accrued expenses and other current liabilities
    		                               18,716,000 -254,000 13,762,000 -25,048,000 19,486,000 -5,419,000 15,679,000 -24,521,000 19,249,000                                  
      income taxes payable/receivable
    		                               51,497,000 -25,743,000 -7,383,000 13,012,000 -13,444,000 10,160,000 10,857,000 -1,798,000 -15,465,000 8,616,000 -323,000 2,773,000 -11,563,000 -7,217,000 12,038,000 3,160,000 -19,831,000 22,909,000 -2,638,000 4,367,000 -15,979,000 978,000 3,628,000 8,180,000 -18,916,000 2,950,000 10,222,000 1,182,000 -13,357,000 448,000 6,825,000 4,667,000 -14,151,000 2,221,000 11,772,000 8,321,000 -18,620,000 11,433,000 -350,000 5,667,000   
      deferred revenue
    		                               4,147,000 1,589,000 -10,518,000 12,579,000 11,670,000 7,812,000 1,706,000 40,458,000 3,129,000 -1,919,000 -3,511,000 7,552,000 546,000 -1,480,000 -1,701,000 7,932,000 -175,000 -6,368,000 -8,478,000 5,160,000 -5,830,000 12,422,000 -6,401,000 1,997,000 -7,852,000 15,838,000 -11,172,000 4,709,000 -4,030,000 13,968,000 -3,663,000 9,138,000 -699,000 -734,000 -2,881,000 8,964,000 -2,841,000 -2,844,000 -1,770,000 5,906,000 1,573,000 -1,897,000 
      other assets
    		                               2,683,000 602,000 3,194,000 -4,958,000 1,255,000 876,000 -3,596,000 -7,238,000 -966,000 326,000 4,674,000 -9,826,000 -125,000 -23,000 2,001,000 -3,103,000 -802,000 -731,000 2,205,000 -3,869,000 3,982,000 -3,127,000 -1,720,000 -2,611,000 -2,606,000 194,000 397,000 -1,147,000 -950,000 -7,448,000 2,591,000 -6,898,000 954,000 513,000 1,118,000 456,000 -3,511,000 2,180,000 1,227,000 -942,000 -2,124,000 843,000 
      other liabilities
    		                               1,379,000 -54,000 -773,000 -751,000 686,000 4,568,000 -1,734,000 -842,000 314,000 4,979,000 332,000 437,000 368,000 355,000 1,061,000 -2,359,000 1,006,000 1,580,000 4,649,000 2,622,000 -15,907,000 -793,000 315,000 -1,135,000 2,890,000 -2,237,000 715,000 -1,339,000 1,917,000 4,880,000 1,929,000 -1,352,000 874,000 -1,530,000 1,958,000 -5,643,000 -6,017,000 -1,492,000 3,073,000 699,000 -1,883,000 -607,000 
      proceeds from sale of assets
    		                                                                         
      acquisitions of real estate
    		                                   -3,320,000 126,000 0 -25,389,000                                   
      cash payments during the year for:
    		                                                                         
      advances to/from marketing and reservation system activities
    		                                26,290,000 17,623,000 -216,000                                       
      net cash used by investing activities
    		                                -10,972,000 -19,471,000 -47,832,000  -12,130,000                                     
      net cash used by financing activities
    		                                        -37,468,000                                 
      non-cash sale of investment of unconsolidated joint venture
    		                                                                         
      loss on disposal of assets
    		                                                                         
      changes in assets and liabilities:
    		                                                                         
      net cash provided (used) by financing activities
    		                                                                         
      adjustments to reconcile net income to net cash provided (used) by operating activities:
    		                                                                         
      net cash provided (used) by operating activities
    		                                  24,214,000        -15,835,000            4,412,000    -5,217,000               
      excess tax benefits from stock-based compensation
    		                                    745,000 -171,000 1,575,000 322,000 272,000 140,000 4,473,000 1,424,000 978,000 295,000 1,024,000 244,000 70,000 194,000 952,000 766,000 152,000 219,000 422,000 119,000 47,000 227,000 834,000 294,000 319,000 -37,000 49,000 1,460,000 2,341,000 1,339,000 694,000 5,482,000 350,000 2,218,000 2,085,000 1,339,000 1,105,000 
      changes in assets and liabilities; net of acquisition:
    		                                                                         
      non-cash sale of investment in unconsolidated joint venture
    		                                    0 0 2,350,000                                   
      (gain) loss on sale of assets
    		                                     -2,000 9,000                                   
      equity (earnings) losses from unconsolidated joint ventures, net of distributions received
    		                                     -278,000 2,471,000 362,000 136,000 1,576,000 1,205,000                               
      adjustments to reconcile net income to net cash used by operating activities:
    		                                                                         
      net cash used by operating activities
    		                                      -22,945,000                                   
      equity method investments
    		                                          -1,921,000 -3,427,000 -7,416,000 -3,567,000 -3,379,000 -1,924,000 -1,910,000 -851,000 -1,000,000 -10,831,000 -3,139,000 -3,715,000 -2,600,000 -1,400,000 -2,000,000 0 -1,600,000               
      acquisitions, net of cash acquired
    		                                                        0 0 0 0 0 0 -466,000         0 0 
      acquisitions, long-term debt assumed
    		                                                                         
      acquisition, net of cash acquired
    		                                                                         
      accrued expenses
    		                                         17,083,000 -24,052,000 17,760,000 -5,835,000 14,614,000 -19,861,000 13,162,000 -4,294,000 12,682,000 -31,145,000 22,685,000 7,350,000 7,683,000 -25,342,000 16,930,000 420,000 7,927,000 -18,931,000 11,840,000 5,391,000 4,010,000 -10,611,000 4,465,000 1,413,000 1,541,000 -8,708,000 2,210,000 4,269,000     
      net cash provided (used) by investing activities
    		                                         -2,021,000 -7,269,000                               
      net borrowings pursuant to revolving credit facility
    		                                         -7,700,000 20,700,000    15,000,000        5,900,000       -2,800,000 16,200,000  -11,800,000 -5,700,000 25,400,000  -29,900,000 85,100,000 6,800,000   
      issuance of common stock pursuant to share based compensation plans
    		                                         1,292,000 6,952,000  149,000                             
      changes in assets and liabilities, net of acquisitions:
    		                                                                         
      issuance of common stock pursuant to share based compensation plan
    		                                                                         
      dividends received from equity method investments
    		                                            555,000 365,000 181,000 336,000 574,000 389,000 146,000 455,000 456,000   823,000 157,000   537,000 470,000   518,000 331,000 322,000 166,000 507,000 235,000     
      equity in net (income) loss of affiliates
    		                                                    -171,000 128,000 55,000                   
      net repayments pursuant to revolving credit facility
    		                                                                         
      interest
    		                                            19,531,000 982,000 19,613,000 1,083,000 20,211,000 1,633,000 20,400,000 1,288,000 7,967,000 311,000 7,388,000 429,000 7,420,000 369,000 7,309,000 112,000 583,000 695,000 646,000 740,000 1,010,000 1,365,000 1,893,000 2,127,000 2,418,000 4,831,000 2,002,000 5,417,000 2,459,000 
      equity in net income of affiliates
    		                                             30,000 35,000   -60,000 141,000     -7,000 39,000 0 -301,000 -336,000 -342,000 -195,000 -353,000 -334,000 -336,000 -225,000 -218,000 -476,000 -436,000 -201,000 -301,000 -393,000 -462,000 
      net cash provided (used) in investing activities
    		                                             3,574,000 1,027,000                           
      issuance of restricted shares of common stock
    		                                              6,062,000 103,000 301,000 945,000 7,151,000 0 250,000 770,000 8,497,000 0 1,382,000 770,000 7,452,000 0 150,000 920,000 8,163,000 0 219,000 947,000 5,984,000 55,000 228,000 3,082,000 6,117,000   
      issuance of performance vested restricted stock units
    		                                              1,191,000 0 0 0 1,298,000      0 0 0 0 0 0 256,000 1,000 0 0 461,000       
      capital lease obligation
    		                                                       -145,000 623,000 0 430,000 55,000              
      issuance of treasury stock to employee stock purchase plan
    		                                                       189,000 170,000 195,000 185,000 171,000 140,000 163,000 151,000 157,000 164,000 140,000 161,000 163,000 198,000     
      receivable – marketing and reservation fees
    		                                                 1,156,000 -4,101,000  23,200,000 3,798,000 -6,187,000  9,913,000 -2,408,000 -8,979,000  15,402,000 -7,087,000 -10,909,000  5,771,000 -9,143,000 -10,370,000  10,406,000 -4,676,000 -9,533,000  15,517,000 
      net cash from (used) in financing activities
    		                                                  18,136,000                       
      receivable—marketing and reservation fees
    		                                                                         
      settlement of forward starting interest rate swap agreement
    		                                                           0              
      repayments of long-term debt
    		                                                    -169,000 -167,000 -166,000  -61,000 -8,000 -5,000               
      declaration of dividends
    		                                                    611,375,000 10,651,000 10,684,000 10,660,000 10,874,000 10,980,000 10,992,000 10,929,000 10,952,000 10,963,000 10,971,000 10,942,000 10,910,000 11,040,000 11,167,000 11,115,000 11,555,000 10,582,000 10,558,000   
      net repayments pursuant to revolving credit facilities
    		                                                                         
      proceeds from sale of investments, employee benefit plans
    		                                                        219,000 37,000 310,000  182,000 314,000 522,000  12,668,000 22,000 1,149,000  1,179,000 1,248,000 4,430,000  1,152,000 
      net borrowings (repayments) pursuant to revolving credit facility
    		                                                           -6,400,000            -6,001,000 79,200,000 
      non-cash financing activities:
    		                                                                         
      principal payments of long-term debt
    		                                                                   0 0   0 0 
      non-cash investing activities:
    		                                                                         
      acquisitions, liabilities assumed
    		                                                                         
      dividends received from equity method investees
    		                                                                      192,000 750,000 200,000 
      accrued expenses and other
    		                                                                      -5,365,000 4,039,000 3,275,000 
      proceeds from disposition of assets
    		                                                                         
      income tax benefit realized related to stock options exercised
    		                                                                         
      income taxes payable
    		                                                                        -3,966,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.