TravelCenters of America (TA) 10-Q 5 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 04, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-33274
Entity Registrant Name	TravelCenters of America Inc. /MD/
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	20-5701514
Entity Address, Address Line One	24601 Center Ridge Road
Entity Address, City or Town	Westlake
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44145-5639
City Area Code	440
Local Phone Number	808-9100
Title of 12(b) Security	Shares of Common Stock, $0.001 Par Value Per Share
Trading Symbol	TA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,397,597
Entity Central Index Key	0001378453
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
8.25% Senior Notes due 2028
Entity Information [Line Items]
Title of 12(b) Security	8.25% Senior Notes due 2028
Trading Symbol	TANNI
Security Exchange Name	NASDAQ
8.00% Senior Notes due 2029
Entity Information [Line Items]
Title of 12(b) Security	8.00% Senior Notes due 2029
Trading Symbol	TANNL
Security Exchange Name	NASDAQ
8.00% Senior Notes due 2030
Entity Information [Line Items]
Title of 12(b) Security	8.00% Senior Notes due 2030
Trading Symbol	TANNZ
Security Exchange Name	NASDAQ

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 142,786	$ 17,206
Accounts receivable (net of allowance for doubtful accounts of $1,405 and $1,083 as of June 30, 2020 and December 31, 2019, respectively)	118,511	173,496
Inventory	162,710	196,611
Other current assets	26,915	32,456
Total current assets	450,922	419,769
Property and equipment, net	841,669	868,503
Operating lease assets	1,782,222	1,817,998
Goodwill	22,213	25,259
Intangible assets, net	19,321	20,707
Other noncurrent assets	84,210	78,659
Total assets	3,200,557	3,230,895
Current liabilities:
Accounts payable	146,566	147,440
Current operating lease liabilities	108,627	104,070
Other current liabilities	160,415	138,455
Total current liabilities	415,608	389,965
Long term debt, net	337,903	329,321
Noncurrent operating lease liabilities	1,827,113	1,880,188
Other noncurrent liabilities	61,648	58,885
Total liabilities	2,642,272	2,658,359
Stockholders' equity:
Common stock, $0.001 par value, 216,000 and 16,000 shares of common stock authorized as of June 30, 2020 and December 31, 2019, respectively, and 8,298 and 8,307 shares of common stock issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	8	8
Additional paid-in capital	700,619	698,402
Accumulated other comprehensive loss	(190)	(172)
Accumulated deficit	(143,622)	(127,185)
Total TA stockholders' equity	556,815	571,053
Noncontrolling interest	1,470	1,483
Total stockholders' equity	558,285	572,536
Total liabilities and stockholders' equity	$ 3,200,557	$ 3,230,895

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 986,103	$ 1,597,364	$ 2,289,451	$ 3,024,656
Cost of goods sold (excluding depreciation):
Total cost of goods sold	648,461	1,228,347	1,603,154	2,305,009
Site level operating expense	197,522	234,645	434,086	467,365
Selling, general and administrative expense	37,976	39,562	75,204	76,672
Real estate rent expense	63,079	63,770	126,667	130,183
Depreciation and amortization expense	28,254	23,213	56,814	47,972
Income (loss) from operations	10,811	7,827	(6,474)	(2,545)
Interest expense, net	7,233	7,164	14,689	14,214
Other expense (income), net	335	(144)	876	430
Income (loss) before income taxes	3,243	807	(22,039)	(17,189)
(Provision) benefit for income taxes	(1,087)	402	5,654	5,669
Net income (loss)	2,156	1,209	(16,385)	(11,520)
Less: net income for noncontrolling interest	32	31	52	49
Net income (loss) attributable to common stockholders	2,124	1,178	(16,437)	(11,569)
Other comprehensive income (loss), net of taxes:
Foreign currency gain (loss), net of taxes of $47, $26, $(60) and $51, respectively	2	15	(18)	46
Interest in equity investee's unrealized gains on investments	0	71	0	137
Other comprehensive income (loss) attributable to common stockholders	2	86	(18)	183
Comprehensive income (loss) attributable to common stockholders	$ 2,126	$ 1,264	$ (16,455)	$ (11,386)
Net income (loss) per share of common stock attributable to common stockholders:
Basic and diluted (in USD per share)	$ 0.26	$ 0.15	$ (1.98)	$ (1.43)
Fuel
Revenues:
Total revenues	$ 577,410	$ 1,117,671	$ 1,452,339	$ 2,100,812
Cost of goods sold (excluding depreciation):
Total cost of goods sold	485,510	1,040,849	1,278,484	1,949,243
Nonfuel
Revenues:
Total revenues	405,570	476,082	830,577	916,956
Cost of goods sold (excluding depreciation):
Total cost of goods sold	162,951	187,498	324,670	355,766
Rent and royalties from franchisees
Revenues:
Total revenues	$ 3,123	$ 3,611	$ 6,535	$ 6,888

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net loss	$ (16,385)	$ (11,520)
Adjustments to reconcile net loss to net cash provided by operating activities:
Noncash rent credits, net	(12,068)	(8,487)
Depreciation and amortization expense	56,814	47,972
Deferred income tax benefit	(5,357)	(5,134)
Changes in operating assets and liabilities:
Accounts receivable	54,415	(49,968)
Inventory	33,878	(2,975)
Other assets	5,698	7,468
Accounts payable and other liabilities	24,145	80,282
Other, net	4,293	1,275
Net cash provided by operating activities	145,433	58,913
Cash flows from investing activities:
Acquisitions of travel centers from SVC	0	(309,637)
Capital expenditures	(27,552)	(37,189)
Proceeds from asset sales	734	890
Other, net	(914)	(1,500)
Net cash used in investing activities	(27,732)	(347,436)
Cash flows from financing activities:
West Greenwich Loan borrowings	16,600	0
Payments on Credit Facility	(7,900)	0
Distributions to noncontrolling interest	(65)	(105)
Other	(840)	(55)
Net cash provided by (used in) financing activities	7,795	(160)
Effect of exchange rate changes on cash	84	81
Net increase (decrease) in cash and cash equivalents	125,580	(288,602)
Cash and cash equivalents at the beginning of the period	17,206	314,387
Cash and cash equivalents at the end of the period	142,786	25,785
Supplemental disclosure of cash flow information:
Interest paid, net of capitalized interest	14,294	13,783
Income taxes refunded	$ 464	$ 106

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive (Loss) Income	Accumulated Deficit	Treasury Stock	Total TA Stockholders' Equity	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2018		8,080
Beginning balance at Dec. 31, 2018	$ 450,392	$ 8	$ 695,307	$ 355	$ (246,773)	$ 0	$ 448,897	$ 1,495
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)		7
Grants under share award plan and stock based compensation, net	1,569	$ 0					1,569
Grants under share award plan and stock based compensation, net			1,571
Grants under share award plan and stock based compensation, net						(2)
Retirement of treasury stock	2					2	2
Distributions to noncontrolling interest	(105)							(105)
Other comprehensive income (loss), net of taxes	183			183			183
Cumulative effect of adoption of ASC 842, net of taxes	86,243				86,243		86,243
Net income (loss)	(11,520)				(11,569)		(11,569)	49
Ending balance (in shares) at Jun. 30, 2019		8,087
Ending balance at Jun. 30, 2019	526,764	$ 8	696,878	538	(172,099)	0	525,325	1,439
Beginning balance (in shares) at Mar. 31, 2019		8,080
Beginning balance at Mar. 31, 2019	524,676	$ 8	696,009	452	(173,277)	0	523,192	1,484
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)		7
Grants under share award plan and stock based compensation, net	867	$ 0					867
Grants under share award plan and stock based compensation, net			869
Grants under share award plan and stock based compensation, net						(2)
Retirement of treasury stock	2					2	2
Distributions to noncontrolling interest	(76)							(76)
Other comprehensive income (loss), net of taxes	86			86			86
Net income (loss)	1,209				1,178		1,178	31
Ending balance (in shares) at Jun. 30, 2019		8,087
Ending balance at Jun. 30, 2019	$ 526,764	$ 8	696,878	538	(172,099)	0	525,325	1,439
Beginning balance (in shares) at Dec. 31, 2019	8,307	8,307
Beginning balance at Dec. 31, 2019	$ 572,536	$ 8	698,402	(172)	(127,185)	0	571,053	1,483
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)		(9)
Grants under share award plan and stock based compensation, net	2,217	$ 0					2,217
Grants under share award plan and stock based compensation, net			2,217
Distributions to noncontrolling interest	(65)							(65)
Other comprehensive income (loss), net of taxes	(18)			(18)			(18)
Net income (loss)	$ (16,385)				(16,437)		(16,437)	52
Ending balance (in shares) at Jun. 30, 2020	8,298	8,298
Ending balance at Jun. 30, 2020	$ 558,285	$ 8	700,619	(190)	(143,622)	0	556,815	1,470
Beginning balance (in shares) at Mar. 31, 2020		8,319
Beginning balance at Mar. 31, 2020	555,032	$ 8	699,491	(192)	(145,746)	0	553,561	1,471
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)		(21)
Grants under share award plan and stock based compensation, net	1,128	$ 0					1,128
Grants under share award plan and stock based compensation, net			1,128
Distributions to noncontrolling interest	(33)							(33)
Other comprehensive income (loss), net of taxes	2			2			2
Net income (loss)	$ 2,156				2,124		2,124	32
Ending balance (in shares) at Jun. 30, 2020	8,298	8,298
Ending balance at Jun. 30, 2020	$ 558,285	$ 8	$ 700,619	$ (190)	$ (143,622)	$ 0	$ 556,815	$ 1,470

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,405	$ 1,083
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	216,000,000	16,000,000
Common stock, shares issued (in shares)	8,298,000	8,307,000
Common stock, shares outstanding (in shares)	8,298,000	8,307,000

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Foreign currency gain (loss), taxes	$ 47	$ 26	$ (60)	$ 51

Business Description and Basis

Business Description and Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Business Description and Basis of Presentation	Business Description and Basis of Presentation TravelCenters of America Inc. is a Maryland corporation. As of June 30, 2020, we operated or franchised 311 travel centers, standalone truck service facilities and standalone restaurants. Our customers include trucking fleets and their drivers, independent truck drivers, highway and local motorists and casual diners. We also collect rents, royalties and other fees from our tenants and franchisees. As of June 30, 2020, our business included 268 travel centers in 44 states in the United States and the province of Ontario, Canada, primarily along the U.S. interstate highway system, operated primarily under the "TravelCenters of America," "TA," "TA Express," "Petro Stopping Centers" and "Petro" brand names. Of our 268 travel centers at June 30, 2020, we owned 51, we leased 181, we operated two for a joint venture in which we owned a noncontrolling interest and 34 were owned or leased from others by our franchisees. We operated 232 of our travel centers and franchisees operated 36 travel centers, including two we leased to franchisees. Our travel centers offer a broad range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services such as truck repair and maintenance services, full service restaurants, quick service restaurants and various customer amenities. As of June 30, 2020, our business included three standalone truck service facilities operated under the "TA Truck Service" brand name. Of our three standalone truck service facilities at June 30, 2020, we leased two and owned one. Our standalone truck service facilities offer extensive maintenance and emergency repair and roadside services to large trucks. As of June 30, 2020, our business included 40 standalone restaurants in 12 states in the United States operated primarily under the "Quaker Steak & Lube," or QSL, brand name. Of our 40 standalone restaurants at June 30, 2020, we operated 14 restaurants (four we owned, eight we leased, one we operated for one of our franchisees and one we operated for a joint venture in which we owned a noncontrolling interest) and 26 were owned or leased from others and operated by our franchisees. We manage our business as one segment. We make specific disclosures concerning fuel and nonfuel products and services because they facilitate our discussion of trends and operational initiatives within our business and industry. We have a single travel center located in a foreign country, Canada, that we do not consider material to our operations. The accompanying consolidated financial statements are unaudited. These unaudited interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, applicable for interim financial statements. The disclosures presented do not include all the information necessary for complete financial statements in accordance with GAAP. These unaudited interim financial statements should be read in conjunction with the consolidated financial statements and notes contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, or our Annual Report. In the opinion of our management, the accompanying consolidated financial statements include all adjustments, including normal recurring adjustments, considered necessary for a fair presentation. All intercompany transactions and balances have been eliminated. While our revenues are modestly seasonal, the quarterly variations in our operating results may reflect greater seasonal differences because our rent expense and certain other costs do not vary seasonally. For this and other reasons, our operating results for interim periods are not necessarily indicative of the results that may be expected for a full year. Fair Value Measurement Senior Notes We collectively refer to our $110,000 of 8.25% Senior Notes due 2028, our $120,000 of 8.00% Senior Notes due 2029 and our $100,000 of 8.00% Senior Notes due 2030 as our Senior Notes, which are our senior unsecured obligations. We estimate that, based on their trading prices (a Level 1 input), the aggregate fair value of our Senior Notes on June 30, 2020, was $321,624. Intangible Assets and Definite Lived Assets Impairment In March 2020, COVID-19 was declared a pandemic by the World Health Organization, and the U.S. Health and Human Services Secretary declared a public health emergency in the United States in response to the outbreak. As a result of the COVID-19 pandemic and its impact on our operations, we assessed our goodwill, indefinite and definite lived intangible assets and our definite lived assets for potential indicators of impairment as of June 30, 2020. For more information about our assessment of goodwill, please refer to Note 5 of this Quarterly Report on Form 10-Q, or this Quarterly Report. Indefinite lived intangible assets were assessed using a qualitative analysis that was performed by assessing certain trends and factors, including actual sales, discount rates and other relevant qualitative factors. These trends and factors were compared to, and based on, the assumptions used in the most recent quantitative assessment. Definite lived intangible assets were assessed using a qualitative analysis that was performed by assessing certain trends and factors, including actual sales, collection of royalties from franchisees, any changes in the manner in which the assets were used that could impact the values of the assets and whether a revision to the remaining period of amortization was required. Definite lived assets were assessed using the same quantitative analysis approach that we historically followed for our definite lived asset impairment assessments. Based on our analyses, we concluded that as of June 30, 2020, the fair value of our indefinite and definite lived intangible assets more likely than not exceeded the carrying value, and the carrying value of our definite lived assets are recoverable and the fair value exceeds the carrying value. However, we are unable to predict the duration and severity of the COVID-19 pandemic and as a result, we are unable to determine what the ultimate impact will be on our financial results and financial position. We will continue to closely monitor the impact of the COVID-19 pandemic on the fair value of our intangible assets and definite lived assets. Recently Issued Accounting Pronouncement and Other Accounting Matters In August 2018, the Financial Accounting Standards Board issued Accounting Standards Update 2018-15, Intangibles - Goodwill and Other - Internal-Use Software , which aligns the accounting for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software. The capitalized implementation costs are to be amortized over the term of the contract. We adopted this standard on January 1, 2020, using the prospective transition method. The implementation of this update did not cause a material change to our consolidated financial statements. On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, as a response to the economic uncertainty resulting from the COVID-19 pandemic, which, among other things, included several temporary changes to corporate income tax provisions. The CARES Act did not have an impact on our (provision) benefit for income taxes for the three and six months ended June 30, 2020. We will continue to assess the effect, if any, the CARES Act will have on our income taxes.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenues	Revenues We recognize revenues based on the consideration specified in the contract with the customer, excluding any sales incentives (such as customer loyalty programs and customer rebates) and amounts collected on behalf of third parties (such as sales and excise taxes). The majority of our revenues are generated at the point of sale in our retail locations. Revenues consist of fuel revenues, nonfuel revenues and rents and royalties from franchisees. Disaggregation of Revenues We disaggregate our revenues based on the type of good or service provided to the customer, or by fuel revenues and nonfuel revenues, in our consolidated statements of operations and comprehensive income (loss). Nonfuel revenues disaggregated by type of good or service for the three and six months ended June 30, 2020 and 2019, were as follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Nonfuel revenues: Truck service $ 160,987 $ 173,431 $ 314,954 $ 334,626 Store and retail services 158,240 170,056 310,058 327,797 Restaurant 61,492 108,756 155,704 208,010 Diesel exhaust fluid 24,851 23,839 49,861 46,523 Total nonfuel revenues $ 405,570 $ 476,082 $ 830,577 $ 916,956 Contract Liabilities Our contract liabilities, which are presented in our consolidated balance sheets in other current and other noncurrent liabilities, primarily include deferred revenues related to our customer loyalty programs, gift cards, rebates payable to customers and other deferred revenues. The following table shows the changes in our contract liabilities between periods. Customer Other Total December 31, 2018 $ 15,490 $ 3,470 $ 18,960 Increases due to unsatisfied performance obligations arising during the period 103,228 12,982 116,210 Revenues recognized from satisfied performance obligations during the period (90,462) (10,519) (100,981) Other (10,263) (1,111) (11,374) December 31, 2019 17,993 4,822 22,815 Increases due to unsatisfied performance obligations arising during the period 52,840 7,156 59,996 Revenues recognized from satisfied performance obligations during the period (45,059) (6,040) (51,099) Other (5,518) (317) (5,835) June 30, 2020 $ 20,256 $ 5,621 $ 25,877 As of June 30, 2020, we expect the unsatisfied performance obligations relating to our customer loyalty programs will be satisfied within 12 months.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions As of June 30, 2020, we had entered into an agreement to acquire one parcel of land for $1,358, which we expect to account for as an asset acquisition. We expect to complete this acquisition by the end of 2020, but this purchase is subject to conditions and may not occur, may be delayed or the terms may change.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity On June 22, 2020, we amended our Articles of Incorporation to increase our authorized shares of common stock from 16,000 to 216,000. Underwritten Public Equity Offering On July 6, 2020, we received net proceeds of $80,056, after $220 of offering costs and $5,124 of underwriting discounts and commissions, from the sale and issuance of 6,100 shares of common stock in an underwritten public equity offering. We intend to use the net proceeds from this offering to fund deferred maintenance and other capital expenditures necessary to enhance property conditions and implement growth initiatives, for working capital and for general corporate purposes. Net Income (Loss) Per Share of Common Stock Attributable to Common Stockholders The following table presents a reconciliation of net income (loss) attributable to common stockholders to net income (loss) available to common stockholders and the related earnings per share of common stock for the three and six months ended June 30, 2020 and 2019. Three Months Ended Six Months Ended 2020 2019 2020 2019 Net income (loss) attributable to common stockholders $ 2,124 $ 1,178 $ (16,437) $ (11,569) Less: net income (loss) attributable to participating securities 97 46 (778) (450) Net income (loss) available to common stockholders $ 2,027 $ 1,132 $ (15,659) $ (11,119) Weighted average shares of common stock (1) 7,944 7,770 7,924 7,767 Basic and diluted net income (loss) per share of common stock attributable to common stockholders $ 0.26 $ 0.15 $ (1.98) $ (1.43) (1) Excludes unvested shares of common stock awarded under our share award plans, which shares of common stock are considered participating securities because they participate equally in earnings and losses with all of our other shares of common stock. The weighted average number of unvested shares of common stock outstanding for the three months ended June 30, 2020 and 2019, was 380 and 313, respectively. The weighted average number of unvested shares of common stock outstanding for the six months ended June 30, 2020 and 2019, was 394 and 314, respectively.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill As of June 30, 2020 and December 31, 2019, our goodwill balance consisted of the following: June 30, December 31, Travel centers business $ 22,213 $ 22,213 QSL business — 3,046 Total $ 22,213 $ 25,259 Goodwill Impairment During the three months ended June 30, 2020, we evaluated our travel centers and QSL reporting units for impairment using a qualitative analysis, which included evaluating financial trends and industry and market conditions and assessing the reasonableness of the assumptions used in the most recent quantitative analysis. The impact of the COVID-19 pandemic on our operations was included in our analysis. However, we are unable to predict the duration and severity of the COVID-19 pandemic and as a result, we are unable to determine what the ultimate impact will be on their financial results and financial position. We will continue to closely monitor the impact of the COVID-19 pandemic on the fair value of our goodwill. Based on our analyses, we concluded that as of June 30, 2020, the fair value of our travel centers reporting unit more likely than not exceeded the carrying value. Based on our analyses, we determined that the decline in site level gross margin in excess of site level operating expense for our QSL business for the three months ended June 30, 2020, as compared to the three months ended June 30, 2019, in conjunction with the impact of the COVID-19 pandemic, were indicators of impairment. Accordingly, we performed an impairment assessment of the goodwill in the QSL reporting unit as of May 31, 2020, using the same quantitative analysis approach that we historically followed for our goodwill impairment assessments. Based on the assessment performed, we recorded a goodwill impairment charge of $3,046, which was recognized in depreciation and amortization expense in our consolidated statements of operations and comprehensive income (loss). This analysis requires the exercise of significant judgments and estimates, including judgments regarding appropriate discount rates, perpetual growth rates and the timing of expected future cash flows, as well as revenue growth rates and operating cash flow margins, of the reporting unit. The fair value estimates are sensitive and applying different assumptions could lead to different results, possibly materially different.

Leasing Transactions

Leasing Transactions	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leasing Transactions, As a Lessee	Leasing Transactions As a Lessee We have lease agreements covering many of our properties, as well as various equipment, with the most significant leases being our five leases with Service Properties Trust, or SVC, which are further described below. Certain of our leases include renewal options, and certain leases include escalation clauses and purchase options. Renewal periods are included in calculating our operating lease assets and liabilities when they are reasonably certain. Leases with an initial term of 12 months or less are not recognized in our consolidated balance sheets. As of June 30, 2020, all of our leases were classified as operating leases. Certain of our operating leases provide for variable lease costs, which primarily include percentage rent and our obligation for the estimated cost of removing underground storage tanks under the SVC Leases (as defined below). Our lease costs are included in various balances in our consolidated statements of operations and comprehensive income (loss), as shown in the following table. For the three and six months ended June 30, 2020 and 2019, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2020 2019 Operating lease costs: SVC Leases Real estate rent expense $ 59,498 $ 59,424 Operating lease costs: other Real estate rent expense 2,844 2,752 Variable lease costs: SVC Leases Real estate rent expense 605 1,465 Variable lease costs: other Real estate rent expense 132 129 Total real estate rent expense 63,079 63,770 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 950 647 Short-term lease costs Site level operating expense and selling, general and administrative expense 411 732 Sublease income Nonfuel revenues (527) (591) Net lease costs $ 63,913 $ 64,558 Classification in our Consolidated Six Months Ended 2020 2019 Operating lease costs: SVC Leases Real estate rent expense $ 118,999 $ 121,544 Operating lease costs: other Real estate rent expense 5,677 5,476 Variable lease costs: SVC Leases Real estate rent expense 1,701 2,886 Variable lease costs: other Real estate rent expense 290 277 Total real estate rent expense 126,667 130,183 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 1,916 1,217 Short-term lease costs Site level operating expense and selling, general and administrative expense 950 1,545 Sublease income Nonfuel revenues (1,023) (1,155) Net lease costs $ 128,510 $ 131,790 Maturities of our operating lease liabilities that had remaining noncancelable lease terms in excess of one year as of June 30, 2020, were as follows: SVC Leases (1) Other Total Years ended December 31: 2020 $ 135,725 $ 3,498 $ 139,223 2021 270,799 6,344 277,143 2022 268,936 5,086 274,022 2023 255,344 3,168 258,512 2024 251,150 1,873 253,023 Thereafter 2,034,504 7,724 2,042,228 Total operating lease payments 3,216,458 27,693 3,244,151 Less: present value discount (2) (1,303,375) (5,036) (1,308,411) Present value of operating lease liabilities $ 1,913,083 $ 22,657 $ 1,935,740 (1) Includes rent for properties we sublease from SVC and pay directly to SVC's landlords. (2) The discount rate used to derive the present value of unpaid lease payments is based on the rates implicit in the SVC Leases and our incremental borrowing rate for all other leases. The weighted average remaining lease term as of June 30, 2020, was approximately 13 years. Our weighted average discount rate as of June 30, 2020, was approximately 9.1%. During the six months ended June 30, 2020 and 2019, we paid $138,735 and $138,670, respectively, for amounts that had been included in the measurement of our operating lease liabilities. As of June 30, 2020 and December 31, 2019, our operating lease assets and liabilities consisted of the following: June 30, December 31, Operating lease assets: SVC Leases $ 1,761,507 $ 1,796,406 Other 20,715 21,592 Total operating lease assets $ 1,782,222 $ 1,817,998 Current operating lease liabilities: SVC Leases $ 102,877 $ 98,574 Other 5,750 5,496 Total current operating lease liabilities $ 108,627 $ 104,070 Noncurrent operating lease liabilities: SVC Leases $ 1,810,206 $ 1,862,060 Other 16,907 18,128 Total noncurrent operating lease liabilities $ 1,827,113 $ 1,880,188 Leasing Agreements with SVC. As of June 30, 2020, we leased from SVC a total of 179 properties under five leases, four of which we refer to as the TA Leases and one of which we refer to as the Petro Lease, and which we refer to collectively as the SVC Leases. In January 2019, we entered into agreements, or the Transaction Agreements, with SVC pursuant to which: • We purchased 20 travel center properties from SVC, which we previously leased from SVC, for a total acquisition cost of $309,637, including $1,437 of transaction related costs. • Upon completing the Transaction Agreements, these travel centers were removed from the SVC Leases and our annual minimum rent due to SVC was reduced by $43,148. • The term of each SVC Lease was extended by three years. • Commencing on April 1, 2019, we began to pay SVC 16 quarterly installments of approximately $4,404 each (an aggregate of $70,458) to fully satisfy and discharge our $150,000 deferred rent obligation to SVC that otherwise would have become due in five installments between 2024 and 2030. • Commencing on January 1, 2020, we are obligated to pay to SVC an additional amount of percentage rent equal to one-half percent (0.5%) of the excess of our annual nonfuel revenues at leased sites over the nonfuel revenues for each respective site for the year ending December 31, 2019. • Certain of the 179 travel center properties that we continue to lease from SVC were reallocated among the SVC Leases. As a result of the Transaction Agreements, our operating lease assets and liabilities each increased by $23,673. In addition, the purchase of the 20 travel center properties resulted in the derecognition of certain operating lease assets and liabilities. In addition to the payment of annual minimum rent, the SVC Leases provide for payment to SVC of percentage rent, calculated at 3.5% (which includes the 0.5% that was added pursuant to the Transaction Agreements) of the increase in total nonfuel revenues at each property over base year levels. The percentage rent amounts due were $124 and $958 for the three months ended June 30, 2020 and 2019, respectively, and $849 and $2,027 for the six months ended June 30, 2020 and 2019, respectively. We recognized total real estate rent expense under the SVC Leases of $60,103 and $60,889 for the three months ended June 30, 2020 and 2019, respectively, and $120,700 and $124,430 for the six months ended June 30, 2020 and 2019, respectively. Pursuant to the SVC Leases, we may request that SVC purchase qualifying capital improvements we make at the leased travel centers in return for increased annual minimum rent. We did not sell to SVC any improvements we made to properties leased from SVC for the six months ended June 30, 2020 and 2019. At June 30, 2020, our property and equipment balance included $46,511 of improvements of the type that qualify for sale to SVC for an increase in annual minimum rent; however, we may elect not to sell some of those improvements and SVC is not obligated to purchase these improvements. We paid $4,404 of deferred rent to SVC for the three months ended June 30, 2020 and 2019, and $8,807 and $4,404 for the six months ended June 30, 2020 and 2019, respectively. The total amount of deferred rent outstanding as of June 30, 2020, was $48,440. Pursuant to our rent deferral agreement with SVC, deferred rent shall be accelerated and interest shall begin to accrue thereon at 1.0% per month on the deferred rent amounts if certain events occur, including: our default under the SVC Leases; a change of control of us, as defined in the deferral agreement; or our declaration or payment of a dividend or other distribution in respect of our common stock. As permitted by the SVC Leases, we sublease a portion of certain travel centers to third parties to operate other retail operations. These subleases are classified as operating leases. We recognized sublease rental income of $527 and $591 for the three months ended June 30, 2020 and 2019, respectively, and $1,023 and $1,155 for the six months ended June 30, 2020 and 2019, respectively. As a Lessor We leased two travel centers to franchisees as of June 30, 2020 and 2019. These two lease agreements expire in June 2022. These leases include rent escalations that are contingent on future events, namely inflation or our investing in capital improvements at these travel centers. Rent revenues from these operating leases totaled $572 and $599 for the three months ended June 30, 2020 and 2019, respectively, and $1,144 and $1,150 for the six months ended June 30, 2020 and 2019, respectively. Future minimum lease payments due to us for the two leased sites under these operating leases as of June 30, 2020, were $1,168 for the remainder of 2020, $2,336 for the year 2021 and $1,168 for the year 2022. See above for information regarding certain travel centers that we lease from SVC in which we sublease a portion of the travel centers to third parties to operate other retail operations.
Leasing Transactions, As a Lessor	Leasing Transactions As a Lessee We have lease agreements covering many of our properties, as well as various equipment, with the most significant leases being our five leases with Service Properties Trust, or SVC, which are further described below. Certain of our leases include renewal options, and certain leases include escalation clauses and purchase options. Renewal periods are included in calculating our operating lease assets and liabilities when they are reasonably certain. Leases with an initial term of 12 months or less are not recognized in our consolidated balance sheets. As of June 30, 2020, all of our leases were classified as operating leases. Certain of our operating leases provide for variable lease costs, which primarily include percentage rent and our obligation for the estimated cost of removing underground storage tanks under the SVC Leases (as defined below). Our lease costs are included in various balances in our consolidated statements of operations and comprehensive income (loss), as shown in the following table. For the three and six months ended June 30, 2020 and 2019, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2020 2019 Operating lease costs: SVC Leases Real estate rent expense $ 59,498 $ 59,424 Operating lease costs: other Real estate rent expense 2,844 2,752 Variable lease costs: SVC Leases Real estate rent expense 605 1,465 Variable lease costs: other Real estate rent expense 132 129 Total real estate rent expense 63,079 63,770 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 950 647 Short-term lease costs Site level operating expense and selling, general and administrative expense 411 732 Sublease income Nonfuel revenues (527) (591) Net lease costs $ 63,913 $ 64,558 Classification in our Consolidated Six Months Ended 2020 2019 Operating lease costs: SVC Leases Real estate rent expense $ 118,999 $ 121,544 Operating lease costs: other Real estate rent expense 5,677 5,476 Variable lease costs: SVC Leases Real estate rent expense 1,701 2,886 Variable lease costs: other Real estate rent expense 290 277 Total real estate rent expense 126,667 130,183 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 1,916 1,217 Short-term lease costs Site level operating expense and selling, general and administrative expense 950 1,545 Sublease income Nonfuel revenues (1,023) (1,155) Net lease costs $ 128,510 $ 131,790 Maturities of our operating lease liabilities that had remaining noncancelable lease terms in excess of one year as of June 30, 2020, were as follows: SVC Leases (1) Other Total Years ended December 31: 2020 $ 135,725 $ 3,498 $ 139,223 2021 270,799 6,344 277,143 2022 268,936 5,086 274,022 2023 255,344 3,168 258,512 2024 251,150 1,873 253,023 Thereafter 2,034,504 7,724 2,042,228 Total operating lease payments 3,216,458 27,693 3,244,151 Less: present value discount (2) (1,303,375) (5,036) (1,308,411) Present value of operating lease liabilities $ 1,913,083 $ 22,657 $ 1,935,740 (1) Includes rent for properties we sublease from SVC and pay directly to SVC's landlords. (2) The discount rate used to derive the present value of unpaid lease payments is based on the rates implicit in the SVC Leases and our incremental borrowing rate for all other leases. The weighted average remaining lease term as of June 30, 2020, was approximately 13 years. Our weighted average discount rate as of June 30, 2020, was approximately 9.1%. During the six months ended June 30, 2020 and 2019, we paid $138,735 and $138,670, respectively, for amounts that had been included in the measurement of our operating lease liabilities. As of June 30, 2020 and December 31, 2019, our operating lease assets and liabilities consisted of the following: June 30, December 31, Operating lease assets: SVC Leases $ 1,761,507 $ 1,796,406 Other 20,715 21,592 Total operating lease assets $ 1,782,222 $ 1,817,998 Current operating lease liabilities: SVC Leases $ 102,877 $ 98,574 Other 5,750 5,496 Total current operating lease liabilities $ 108,627 $ 104,070 Noncurrent operating lease liabilities: SVC Leases $ 1,810,206 $ 1,862,060 Other 16,907 18,128 Total noncurrent operating lease liabilities $ 1,827,113 $ 1,880,188 Leasing Agreements with SVC. As of June 30, 2020, we leased from SVC a total of 179 properties under five leases, four of which we refer to as the TA Leases and one of which we refer to as the Petro Lease, and which we refer to collectively as the SVC Leases. In January 2019, we entered into agreements, or the Transaction Agreements, with SVC pursuant to which: • We purchased 20 travel center properties from SVC, which we previously leased from SVC, for a total acquisition cost of $309,637, including $1,437 of transaction related costs. • Upon completing the Transaction Agreements, these travel centers were removed from the SVC Leases and our annual minimum rent due to SVC was reduced by $43,148. • The term of each SVC Lease was extended by three years. • Commencing on April 1, 2019, we began to pay SVC 16 quarterly installments of approximately $4,404 each (an aggregate of $70,458) to fully satisfy and discharge our $150,000 deferred rent obligation to SVC that otherwise would have become due in five installments between 2024 and 2030. • Commencing on January 1, 2020, we are obligated to pay to SVC an additional amount of percentage rent equal to one-half percent (0.5%) of the excess of our annual nonfuel revenues at leased sites over the nonfuel revenues for each respective site for the year ending December 31, 2019. • Certain of the 179 travel center properties that we continue to lease from SVC were reallocated among the SVC Leases. As a result of the Transaction Agreements, our operating lease assets and liabilities each increased by $23,673. In addition, the purchase of the 20 travel center properties resulted in the derecognition of certain operating lease assets and liabilities. In addition to the payment of annual minimum rent, the SVC Leases provide for payment to SVC of percentage rent, calculated at 3.5% (which includes the 0.5% that was added pursuant to the Transaction Agreements) of the increase in total nonfuel revenues at each property over base year levels. The percentage rent amounts due were $124 and $958 for the three months ended June 30, 2020 and 2019, respectively, and $849 and $2,027 for the six months ended June 30, 2020 and 2019, respectively. We recognized total real estate rent expense under the SVC Leases of $60,103 and $60,889 for the three months ended June 30, 2020 and 2019, respectively, and $120,700 and $124,430 for the six months ended June 30, 2020 and 2019, respectively. Pursuant to the SVC Leases, we may request that SVC purchase qualifying capital improvements we make at the leased travel centers in return for increased annual minimum rent. We did not sell to SVC any improvements we made to properties leased from SVC for the six months ended June 30, 2020 and 2019. At June 30, 2020, our property and equipment balance included $46,511 of improvements of the type that qualify for sale to SVC for an increase in annual minimum rent; however, we may elect not to sell some of those improvements and SVC is not obligated to purchase these improvements. We paid $4,404 of deferred rent to SVC for the three months ended June 30, 2020 and 2019, and $8,807 and $4,404 for the six months ended June 30, 2020 and 2019, respectively. The total amount of deferred rent outstanding as of June 30, 2020, was $48,440. Pursuant to our rent deferral agreement with SVC, deferred rent shall be accelerated and interest shall begin to accrue thereon at 1.0% per month on the deferred rent amounts if certain events occur, including: our default under the SVC Leases; a change of control of us, as defined in the deferral agreement; or our declaration or payment of a dividend or other distribution in respect of our common stock. As permitted by the SVC Leases, we sublease a portion of certain travel centers to third parties to operate other retail operations. These subleases are classified as operating leases. We recognized sublease rental income of $527 and $591 for the three months ended June 30, 2020 and 2019, respectively, and $1,023 and $1,155 for the six months ended June 30, 2020 and 2019, respectively. As a Lessor We leased two travel centers to franchisees as of June 30, 2020 and 2019. These two lease agreements expire in June 2022. These leases include rent escalations that are contingent on future events, namely inflation or our investing in capital improvements at these travel centers. Rent revenues from these operating leases totaled $572 and $599 for the three months ended June 30, 2020 and 2019, respectively, and $1,144 and $1,150 for the six months ended June 30, 2020 and 2019, respectively. Future minimum lease payments due to us for the two leased sites under these operating leases as of June 30, 2020, were $1,168 for the remainder of 2020, $2,336 for the year 2021 and $1,168 for the year 2022. See above for information regarding certain travel centers that we lease from SVC in which we sublease a portion of the travel centers to third parties to operate other retail operations.

Long Term Debt

Long Term Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long Term Debt	Long Term Debt As of June 30, 2020, our long term debt, net, consisted of our Senior Notes, the West Greenwich Loan, as defined below, and other long term debt. In addition, we have a revolving credit facility that as of June 30, 2020, had no borrowings outstanding. For more information about our long term debt, please refer to Note 8 to the Consolidated Financial Statements in our Annual Report. West Greenwich Loan On February 7, 2020, we entered into a 10 year term loan for $16,600 with The Washington Trust Company, or the West Greenwich Loan. The West Greenwich Loan is secured by a mortgage encumbering one of our travel centers located in West Greenwich, Rhode Island. The interest rate is fixed at 3.85% for five years based on the five year Federal Home Loan Bank rate plus 198 basis points, and will reset thereafter. The West Greenwich Loan requires us to make principal and interest payments monthly. We may, at our option with 60 days prior written notice, repay the loan in full prior to the end of the 10 year term plus, if repaid prior to February 7, 2023, a nominal penalty. As a result of entering into the West Greenwich Loan, we capitalized $353 of deferred financing costs during the six months ended June 30, 2020, which was presented as a reduction of long term debt, net in our consolidated balance sheets.

Business Management Agreement w

Business Management Agreement with RMR	6 Months Ended
	Jun. 30, 2020
Related Party Transaction [Line Items]
Business Management Agreement with RMR	Related Party Transactions We have relationships and historical and continuing transactions with SVC, RMR and others related to them, including other companies to which RMR or its subsidiaries provide management services and some of which have directors, trustees or officers who are also our Directors or officers. RMR is a majority owned subsidiary of The RMR Group Inc. The Chair of our Board of Directors and one of our Managing Directors, Adam D. Portnoy, as the sole trustee of ABP Trust, is the controlling shareholder of The RMR Group Inc. and is a managing director and the president and chief executive officer of The RMR Group Inc. and an officer and employee of RMR. Jonathan M. Pertchik, our other Managing Director and Chief Executive Officer, also serves as an officer and employee of RMR. Certain of our other officers and SVC's officers also serve as officers and employees of RMR. Some of our Independent Directors also serve as independent trustees or independent directors of other public companies to which RMR or its subsidiaries provide management services. Mr. Portnoy serves as chair of the boards of trustees or boards of directors of several of these public companies and as a managing director or managing trustee of these public companies. Other officers of RMR, including certain of our officers, serve as managing trustees, managing directors or officers of certain of these companies. As of June 30, 2020, RMR owned 299 shares of our common stock, representing approximately 3.6% of our outstanding shares of common stock. In July 2020, RMR purchased 219 shares of our common stock in an underwritten public equity offering. RMR purchased these shares at the public offering price of $14 per share. As a result of this purchase, RMR maintained its approximately 3.6% ownership of our outstanding shares of common stock. Relationship with SVC We are SVC's largest tenant and SVC is our principal landlord and one of our largest stockholders. As of June 30, 2020, SVC owned 684 shares of our common stock, representing approximately 8.2% of our outstanding shares of common stock. In July 2020, SVC purchased 501 shares of our common stock in an underwritten public equity offering. SVC purchased these shares at the public offering price of $14 per share. As a result of this purchase, SVC maintained its approximately 8.2% ownership of our outstanding shares of common stock. As of June 30, 2020, we leased from SVC a total of 179 travel center properties under the SVC Leases. We have also engaged in other transactions with SVC, including in connection with the Transaction Agreements. Please refer to Note 6 for more information about our relationship, agreements and transactions with SVC. RMR provides management services to both us and SVC, and Mr. Portnoy also serves as a managing trustee and chair of the board of trustees of SVC. Relationship with AIC Until its dissolution on February 13, 2020, we, ABP Trust, SVC and four other companies to which RMR provides management services owned Affiliates Insurance Company, or AIC, an Indiana insurance company, in equal amounts. We and the other AIC shareholders historically participated in a combined property insurance program arranged and insured or reinsured in part by AIC. The policies under that program expired on June 30, 2019, and we and the other AIC shareholders elected not to renew the AIC property insurance program; we have instead purchased standalone property insurance coverage with unrelated third party insurance providers. As of June 30, 2020 and December 31, 2019, our investment in AIC had a carrying value of $12 and $298, respectively. These amounts are included in other noncurrent assets in our consolidated balance sheets. In June 2020, we received approximately $286 in connection with AIC's dissolution. We recognized income of $130 and $534 related to our investment in AIC for the three and six months ended June 30, 2019, respectively, which was included in other expense (income), net in our consolidated statement of operations and comprehensive income (loss). Our other comprehensive income (loss) attributable to common stockholders for the three and six months ended June 30, 2019, included our proportionate share of unrealized gains on fixed income securities held for sale, which were owned by AIC, related to our investment in AIC. For more information about these and other such relationships and certain other related party transactions, please refer to Notes 9, 13 and 14 to the Consolidated Financial Statements in our Annual Report. Retirement and Separation Arrangements In December 2019, we and RMR entered into a retirement agreement with our former Managing Director and Chief Executive Officer, Andrew J. Rebholz. Pursuant to his retirement agreement, Mr. Rebholz continued to serve, through June 30, 2020, as a non-executive employee in order to assist in transitioning his duties and responsibilities to his successor. Under Mr. Rebholz’s retirement agreement, consistent with past practice, we paid Mr. Rebholz his current annual base salary of $300 until June 30, 2020, and we paid Mr. Rebholz a cash bonus in respect of 2019 in the amount of $1,000 in December 2019. Pursuant to the retirement agreement, after his retirement on June 30, 2020, we made an additional cash payment to Mr. Rebholz in the amount of $1,000 and fully accelerated the vesting of any unvested shares of our common stock previously awarded to Mr. Rebholz.
RMR Group LLC | Affiliated entity
Related Party Transaction [Line Items]
Business Management Agreement with RMR	Business Management Agreement with RMR The RMR Group LLC, or RMR, provides us certain services that we require to operate our business, and which relate to various aspects of our business. RMR provides these services pursuant to a business management agreement. Pursuant to the business management agreement, we incurred aggregate fees and certain cost reimbursements payable to RMR of $3,040 and $3,317 for the three months ended June 30, 2020 and 2019, respectively, and $6,144 and $6,411 for the six months ended June 30, 2020 and 2019, respectively, which included reimbursements for our share of RMR's costs for providing internal audit services. These amounts are included in selling, general and administrative expense in our consolidated statements of operations and comprehensive income (loss). For more information about our relationship with RMR, please refer to Note 9 of this Quarterly Report and Notes 13 and 14 to the Consolidated Financial Statements in our Annual Report.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We have relationships and historical and continuing transactions with SVC, RMR and others related to them, including other companies to which RMR or its subsidiaries provide management services and some of which have directors, trustees or officers who are also our Directors or officers. RMR is a majority owned subsidiary of The RMR Group Inc. The Chair of our Board of Directors and one of our Managing Directors, Adam D. Portnoy, as the sole trustee of ABP Trust, is the controlling shareholder of The RMR Group Inc. and is a managing director and the president and chief executive officer of The RMR Group Inc. and an officer and employee of RMR. Jonathan M. Pertchik, our other Managing Director and Chief Executive Officer, also serves as an officer and employee of RMR. Certain of our other officers and SVC's officers also serve as officers and employees of RMR. Some of our Independent Directors also serve as independent trustees or independent directors of other public companies to which RMR or its subsidiaries provide management services. Mr. Portnoy serves as chair of the boards of trustees or boards of directors of several of these public companies and as a managing director or managing trustee of these public companies. Other officers of RMR, including certain of our officers, serve as managing trustees, managing directors or officers of certain of these companies. As of June 30, 2020, RMR owned 299 shares of our common stock, representing approximately 3.6% of our outstanding shares of common stock. In July 2020, RMR purchased 219 shares of our common stock in an underwritten public equity offering. RMR purchased these shares at the public offering price of $14 per share. As a result of this purchase, RMR maintained its approximately 3.6% ownership of our outstanding shares of common stock. Relationship with SVC We are SVC's largest tenant and SVC is our principal landlord and one of our largest stockholders. As of June 30, 2020, SVC owned 684 shares of our common stock, representing approximately 8.2% of our outstanding shares of common stock. In July 2020, SVC purchased 501 shares of our common stock in an underwritten public equity offering. SVC purchased these shares at the public offering price of $14 per share. As a result of this purchase, SVC maintained its approximately 8.2% ownership of our outstanding shares of common stock. As of June 30, 2020, we leased from SVC a total of 179 travel center properties under the SVC Leases. We have also engaged in other transactions with SVC, including in connection with the Transaction Agreements. Please refer to Note 6 for more information about our relationship, agreements and transactions with SVC. RMR provides management services to both us and SVC, and Mr. Portnoy also serves as a managing trustee and chair of the board of trustees of SVC. Relationship with AIC Until its dissolution on February 13, 2020, we, ABP Trust, SVC and four other companies to which RMR provides management services owned Affiliates Insurance Company, or AIC, an Indiana insurance company, in equal amounts. We and the other AIC shareholders historically participated in a combined property insurance program arranged and insured or reinsured in part by AIC. The policies under that program expired on June 30, 2019, and we and the other AIC shareholders elected not to renew the AIC property insurance program; we have instead purchased standalone property insurance coverage with unrelated third party insurance providers. As of June 30, 2020 and December 31, 2019, our investment in AIC had a carrying value of $12 and $298, respectively. These amounts are included in other noncurrent assets in our consolidated balance sheets. In June 2020, we received approximately $286 in connection with AIC's dissolution. We recognized income of $130 and $534 related to our investment in AIC for the three and six months ended June 30, 2019, respectively, which was included in other expense (income), net in our consolidated statement of operations and comprehensive income (loss). Our other comprehensive income (loss) attributable to common stockholders for the three and six months ended June 30, 2019, included our proportionate share of unrealized gains on fixed income securities held for sale, which were owned by AIC, related to our investment in AIC. For more information about these and other such relationships and certain other related party transactions, please refer to Notes 9, 13 and 14 to the Consolidated Financial Statements in our Annual Report. Retirement and Separation Arrangements In December 2019, we and RMR entered into a retirement agreement with our former Managing Director and Chief Executive Officer, Andrew J. Rebholz. Pursuant to his retirement agreement, Mr. Rebholz continued to serve, through June 30, 2020, as a non-executive employee in order to assist in transitioning his duties and responsibilities to his successor. Under Mr. Rebholz’s retirement agreement, consistent with past practice, we paid Mr. Rebholz his current annual base salary of $300 until June 30, 2020, and we paid Mr. Rebholz a cash bonus in respect of 2019 in the amount of $1,000 in December 2019. Pursuant to the retirement agreement, after his retirement on June 30, 2020, we made an additional cash payment to Mr. Rebholz in the amount of $1,000 and fully accelerated the vesting of any unvested shares of our common stock previously awarded to Mr. Rebholz.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Environmental Contingencies Extensive environmental laws regulate our operations and properties. These laws may require us to investigate and clean up hazardous substances, including petroleum or natural gas products, released at our owned and leased properties. Governmental entities or third parties may hold us liable for property damage and personal injuries, and for investigation, remediation and monitoring costs incurred in connection with any contamination and regulatory compliance at our locations. We use both underground storage tanks and above ground storage tanks to store petroleum products, natural gas and other hazardous substances at our locations. We must comply with environmental laws regarding tank construction, integrity testing, leak detection and monitoring, overfill and spill control, release reporting and financial assurance for corrective action in the event of a release. At some locations we must also comply with environmental laws relative to vapor recovery or discharges to water. Under the terms of the SVC Leases, we generally have agreed to indemnify SVC for any environmental liabilities related to properties that we lease from SVC and we are required to pay all environmental related expenses incurred in the operation of the leased properties. We have entered into certain other arrangements in which we have agreed to indemnify third parties for environmental liabilities and expenses resulting from our operations. From time to time we have received, and in the future likely will receive, notices of alleged violations of environmental laws or otherwise have become or will become aware of the need to undertake corrective actions to comply with environmental laws at our locations. Investigatory and remedial actions were, and regularly are, undertaken with respect to releases of hazardous substances at our locations. In some cases we have received, and may receive in the future, contributions to partially offset our environmental costs from insurers, from state funds established for environmental clean up associated with the sale of petroleum products or from indemnitors who agreed to fund certain environmental related costs at locations purchased from those indemnitors. To the extent we incur material amounts for environmental matters for which we do not receive or expect to receive insurance or other third party reimbursement and for which we have not previously recorded a liability, our operating results may be materially adversely affected. In addition, to the extent we fail to comply with environmental laws and regulations, or we become subject to costs and requirements not similarly experienced by our competitors, our competitive position may be harmed. At June 30, 2020, we had an accrued liability of $2,676 for environmental matters as well as a receivable for expected recoveries of certain of these estimated future expenditures of $714, resulting in an estimated net amount of $1,962 that we expect to fund in the future. We cannot precisely know the ultimate costs we may incur in connection with currently known environmental related violations, corrective actions, investigation and remediation; however, we do not expect the costs for such matters to be material, individually or in the aggregate, to our financial position or results of operations. We currently have insurance of up to $20,000 per incident and up to $20,000 in the aggregate for certain environmental liabilities, subject, in each case, to certain limitations and deductibles, which expires in June 2021. However, we can provide no assurance that we will be able to maintain similar environmental insurance coverage in the future on acceptable terms. We cannot predict the ultimate effect changing circumstances and changing environmental laws may have on us in the future or the ultimate outcome of matters currently pending. We cannot be certain that contamination presently unknown to us does not exist at our sites, or that a material liability will not be imposed on us in the future. If we discover additional environmental issues, or if government agencies impose additional environmental requirements, increased environmental compliance or remediation expenditures may be required, which could have a material adverse effect on us. Legal Proceedings We are routinely involved in various legal and administrative proceedings incidental to the ordinary course of business, including commercial disputes, employment related claims, wage and hour claims, premises liability claims and tax audits among others. We do not expect that any litigation or administrative proceedings in which we are presently involved, or of which we are aware, will have a material adverse effect on our business, financial condition, results of operations or cash flows.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory as of June 30, 2020 and December 31, 2019, consisted of the following: June 30, December 31, Nonfuel products $ 141,021 $ 161,560 Fuel products 21,689 35,051 Total inventory $ 162,710 $ 196,611

Reorganization Costs

Reorganization Costs	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Reorganization Costs	Reorganization Costs On April 30, 2020, we committed to and initiated a reorganization plan, or the Reorganization Plan, to improve the efficiency of our operations. As part of the Reorganization Plan, we reduced our headcount and eliminated certain positions. On April 30, 2020, the Reorganization Plan was communicated to those employees impacted. The costs of the Reorganization Plan were $4,288, which are comprised primarily of severance, outplacement services, stock based compensation expense associated with the accelerated vesting of previously granted stock awards for certain employees and fees for recruitment of certain executive positions. During the three and six months ended June 30, 2020, we recognized $3,884 and $4,288, respectively, of costs associated with the Reorganization Plan as selling, general and administrative expense in our consolidated statements of operations and comprehensive income (loss). As of June 30, 2020, we had a liability recognized relating to the Reorganization Plan of $223, which was included in other current liabilities in our consolidated balance sheets.

Business Description and Basi_2

Business Description and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Segment Reporting	We manage our business as one segment. We make specific disclosures concerning fuel and nonfuel products and services because they facilitate our discussion of trends and operational initiatives within our business and industry. We have a single travel center located in a foreign country, Canada, that we do not consider material to our operations.
Basis of Presentation	The accompanying consolidated financial statements are unaudited. These unaudited interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, applicable for interim financial statements. The disclosures presented do not include all the information necessary for complete financial statements in accordance with GAAP. These unaudited interim financial statements should be read in conjunction with the consolidated financial statements and notes contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, or our Annual Report. In the opinion of our management, the accompanying consolidated financial statements include all adjustments, including normal recurring adjustments, considered necessary for a fair presentation. All intercompany transactions and balances have been eliminated. While our revenues are modestly seasonal, the quarterly variations in our operating results may reflect greater seasonal differences because our rent expense and certain other costs do not vary seasonally. For this and other reasons, our operating results for interim periods are not necessarily indicative of the results that may be expected for a full year.
Intangible Assets and Definite Lived Assets Impairment	Intangible Assets and Definite Lived Assets Impairment In March 2020, COVID-19 was declared a pandemic by the World Health Organization, and the U.S. Health and Human Services Secretary declared a public health emergency in the United States in response to the outbreak. As a result of the COVID-19 pandemic and its impact on our operations, we assessed our goodwill, indefinite and definite lived intangible assets and our definite lived assets for potential indicators of impairment as of June 30, 2020. For more information about our assessment of goodwill, please refer to Note 5 of this Quarterly Report on Form 10-Q, or this Quarterly Report. Indefinite lived intangible assets were assessed using a qualitative analysis that was performed by assessing certain trends and factors, including actual sales, discount rates and other relevant qualitative factors. These trends and factors were compared to, and based on, the assumptions used in the most recent quantitative assessment. Definite lived intangible assets were assessed using a qualitative analysis that was performed by assessing certain trends and factors, including actual sales, collection of royalties from franchisees, any changes in the manner in which the assets were used that could impact the values of the assets and whether a revision to the remaining period of amortization was required. Definite lived assets were assessed using the same quantitative analysis approach that we historically followed for our definite lived asset impairment assessments. Based on our analyses, we concluded that as of June 30, 2020, the fair value of our indefinite and definite lived intangible assets more likely than not exceeded the carrying value, and the carrying value of our definite lived assets are recoverable and the fair value exceeds the carrying value. However, we are unable to predict the duration and severity of the COVID-19 pandemic and as a result, we are unable to determine what the ultimate impact will be on our financial results and financial position. We will continue to closely monitor the impact of the COVID-19 pandemic on the fair value of our intangible assets and definite lived assets.
Recently Issued Accounting Pronouncement and Other Accounting Matters	Recently Issued Accounting Pronouncement and Other Accounting Matters In August 2018, the Financial Accounting Standards Board issued Accounting Standards Update 2018-15, Intangibles - Goodwill and Other - Internal-Use Software , which aligns the accounting for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software. The capitalized implementation costs are to be amortized over the term of the contract. We adopted this standard on January 1, 2020, using the prospective transition method. The implementation of this update did not cause a material change to our consolidated financial statements. On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, as a response to the economic uncertainty resulting from the COVID-19 pandemic, which, among other things, included several temporary changes to corporate income tax provisions. The CARES Act did not have an impact on our (provision) benefit for income taxes for the three and six months ended June 30, 2020. We will continue to assess the effect, if any, the CARES Act will have on our income taxes.
Revenue Recognition	We recognize revenues based on the consideration specified in the contract with the customer, excluding any sales incentives (such as customer loyalty programs and customer rebates) and amounts collected on behalf of third parties (such as sales and excise taxes). The majority of our revenues are generated at the point of sale in our retail locations. Revenues consist of fuel revenues, nonfuel revenues and rents and royalties from franchisees.
Goodwill Impairment	Goodwill Impairment During the three months ended June 30, 2020, we evaluated our travel centers and QSL reporting units for impairment using a qualitative analysis, which included evaluating financial trends and industry and market conditions and assessing the reasonableness of the assumptions used in the most recent quantitative analysis. The impact of the COVID-19 pandemic on our operations was included in our analysis. However, we are unable to predict the duration and severity of the COVID-19 pandemic and as a result, we are unable to determine what the ultimate impact will be on their financial results and financial position. We will continue to closely monitor the impact of the COVID-19 pandemic on the fair value of our goodwill. Based on our analyses, we concluded that as of June 30, 2020, the fair value of our travel centers reporting unit more likely than not exceeded the carrying value. Based on our analyses, we determined that the decline in site level gross margin in excess of site level operating expense for our QSL business for the three months ended June 30, 2020, as compared to the three months ended June 30, 2019, in conjunction with the impact of the COVID-19 pandemic, were indicators of impairment. Accordingly, we performed an impairment assessment of the goodwill in the QSL reporting unit as of May 31, 2020, using the same quantitative analysis approach that we historically followed for our goodwill impairment assessments. Based on the assessment performed, we recorded a goodwill impairment charge of $3,046, which was recognized in depreciation and amortization expense in our consolidated statements of operations and comprehensive income (loss). This analysis requires the exercise of significant judgments and estimates, including judgments regarding appropriate discount rates, perpetual growth rates and the timing of expected future cash flows, as well as revenue growth rates and operating cash flow margins, of the reporting unit. The fair value estimates are sensitive and applying different assumptions could lead to different results, possibly materially different.
Leasing Transactions	Certain of our leases include renewal options, and certain leases include escalation clauses and purchase options. Renewal periods are included in calculating our operating lease assets and liabilities when they are reasonably certain. Leases with an initial term of 12 months or less are not recognized in our consolidated balance sheets.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Nonfuel revenues disaggregated by type of good or service	Nonfuel revenues disaggregated by type of good or service for the three and six months ended June 30, 2020 and 2019, were as follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Nonfuel revenues: Truck service $ 160,987 $ 173,431 $ 314,954 $ 334,626 Store and retail services 158,240 170,056 310,058 327,797 Restaurant 61,492 108,756 155,704 208,010 Diesel exhaust fluid 24,851 23,839 49,861 46,523 Total nonfuel revenues $ 405,570 $ 476,082 $ 830,577 $ 916,956
Changes in contract liabilities between periods	The following table shows the changes in our contract liabilities between periods. Customer Other Total December 31, 2018 $ 15,490 $ 3,470 $ 18,960 Increases due to unsatisfied performance obligations arising during the period 103,228 12,982 116,210 Revenues recognized from satisfied performance obligations during the period (90,462) (10,519) (100,981) Other (10,263) (1,111) (11,374) December 31, 2019 17,993 4,822 22,815 Increases due to unsatisfied performance obligations arising during the period 52,840 7,156 59,996 Revenues recognized from satisfied performance obligations during the period (45,059) (6,040) (51,099) Other (5,518) (317) (5,835) June 30, 2020 $ 20,256 $ 5,621 $ 25,877

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Reconciliation of net income (loss) attributable to common stockholders to net income (loss) available to common stockholders	The following table presents a reconciliation of net income (loss) attributable to common stockholders to net income (loss) available to common stockholders and the related earnings per share of common stock for the three and six months ended June 30, 2020 and 2019. Three Months Ended Six Months Ended 2020 2019 2020 2019 Net income (loss) attributable to common stockholders $ 2,124 $ 1,178 $ (16,437) $ (11,569) Less: net income (loss) attributable to participating securities 97 46 (778) (450) Net income (loss) available to common stockholders $ 2,027 $ 1,132 $ (15,659) $ (11,119) Weighted average shares of common stock (1) 7,944 7,770 7,924 7,767 Basic and diluted net income (loss) per share of common stock attributable to common stockholders $ 0.26 $ 0.15 $ (1.98) $ (1.43) (1) Excludes unvested shares of common stock awarded under our share award plans, which shares of common stock are considered participating securities because they participate equally in earnings and losses with all of our other shares of common stock. The weighted average number of unvested shares of common stock outstanding for the three months ended June 30, 2020 and 2019, was 380 and 313, respectively. The weighted average number of unvested shares of common stock outstanding for the six months ended June 30, 2020 and 2019, was 394 and 314, respectively.

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	As of June 30, 2020 and December 31, 2019, our goodwill balance consisted of the following: June 30, December 31, Travel centers business $ 22,213 $ 22,213 QSL business — 3,046 Total $ 22,213 $ 25,259

Leasing Transactions (Tables)

Leasing Transactions (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of lease costs as a lessee	For the three and six months ended June 30, 2020 and 2019, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2020 2019 Operating lease costs: SVC Leases Real estate rent expense $ 59,498 $ 59,424 Operating lease costs: other Real estate rent expense 2,844 2,752 Variable lease costs: SVC Leases Real estate rent expense 605 1,465 Variable lease costs: other Real estate rent expense 132 129 Total real estate rent expense 63,079 63,770 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 950 647 Short-term lease costs Site level operating expense and selling, general and administrative expense 411 732 Sublease income Nonfuel revenues (527) (591) Net lease costs $ 63,913 $ 64,558 Classification in our Consolidated Six Months Ended 2020 2019 Operating lease costs: SVC Leases Real estate rent expense $ 118,999 $ 121,544 Operating lease costs: other Real estate rent expense 5,677 5,476 Variable lease costs: SVC Leases Real estate rent expense 1,701 2,886 Variable lease costs: other Real estate rent expense 290 277 Total real estate rent expense 126,667 130,183 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 1,916 1,217 Short-term lease costs Site level operating expense and selling, general and administrative expense 950 1,545 Sublease income Nonfuel revenues (1,023) (1,155) Net lease costs $ 128,510 $ 131,790
Schedule of maturities of operating lease liabilities with remaining noncancelable lease terms in excess of one year	Maturities of our operating lease liabilities that had remaining noncancelable lease terms in excess of one year as of June 30, 2020, were as follows: SVC Leases (1) Other Total Years ended December 31: 2020 $ 135,725 $ 3,498 $ 139,223 2021 270,799 6,344 277,143 2022 268,936 5,086 274,022 2023 255,344 3,168 258,512 2024 251,150 1,873 253,023 Thereafter 2,034,504 7,724 2,042,228 Total operating lease payments 3,216,458 27,693 3,244,151 Less: present value discount (2) (1,303,375) (5,036) (1,308,411) Present value of operating lease liabilities $ 1,913,083 $ 22,657 $ 1,935,740 (1) Includes rent for properties we sublease from SVC and pay directly to SVC's landlords. (2) The discount rate used to derive the present value of unpaid lease payments is based on the rates implicit in the SVC Leases and our incremental borrowing rate for all other leases.
Schedule of operating lease assets and liabilities	As of June 30, 2020 and December 31, 2019, our operating lease assets and liabilities consisted of the following: June 30, December 31, Operating lease assets: SVC Leases $ 1,761,507 $ 1,796,406 Other 20,715 21,592 Total operating lease assets $ 1,782,222 $ 1,817,998 Current operating lease liabilities: SVC Leases $ 102,877 $ 98,574 Other 5,750 5,496 Total current operating lease liabilities $ 108,627 $ 104,070 Noncurrent operating lease liabilities: SVC Leases $ 1,810,206 $ 1,862,060 Other 16,907 18,128 Total noncurrent operating lease liabilities $ 1,827,113 $ 1,880,188

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Schedule of inventory	Inventory as of June 30, 2020 and December 31, 2019, consisted of the following: June 30, December 31, Nonfuel products $ 141,021 $ 161,560 Fuel products 21,689 35,051 Total inventory $ 162,710 $ 196,611

Business Description and Basi_3

Business Description and Basis of Presentation - Business Description (Details)	6 Months Ended
	Jun. 30, 2020restauranttravel_centerfranchiseetruck_service_facilitystatesegmentstore
Real Estate Properties [Line Items]
Number of sites | store	311
Number of reportable segments | segment	1
Travel centers
Real Estate Properties [Line Items]
Number of states | state	44
Number of sites owned	51
Travel centers | Company operated sites
Real Estate Properties [Line Items]
Number of sites	232
Number of sites leased	181
Number of sites operated under joint venture	2
Travel centers | Franchisee operated sites
Real Estate Properties [Line Items]
Number of sites	36
Number of sites owned by franchisees or leased from others	34
Travel centers | Franchisee operated and leased sites
Real Estate Properties [Line Items]
Number of sites	2
Travel centers | TA, TA Express and Petro brands
Real Estate Properties [Line Items]
Number of sites	268
Truck service facilities | TA Truck Service brand
Real Estate Properties [Line Items]
Number of sites | truck_service_facility	3
Number of sites owned | truck_service_facility	1
Number of sites leased | truck_service_facility	2
Restaurants
Real Estate Properties [Line Items]
Number of sites | restaurant	40
Number of states | state	12
Restaurants | Company operated sites
Real Estate Properties [Line Items]
Number of sites | restaurant	14
Number of sites owned | restaurant	4
Number of sites leased | restaurant	8
Number of sites owned by franchisees or leased from others | restaurant	1
Number of franchisees | franchisee	1
Number of sites operated under joint venture | restaurant	1
Restaurants | Franchisee operated sites
Real Estate Properties [Line Items]
Number of sites owned by franchisees or leased from others | restaurant	26

Business Description and Basi_4

Business Description and Basis of Presentation - Senior Notes (Details) - Senior Notes	Jun. 30, 2020USD ($)
Level 1 input
Debt Instrument [Line Items]
Fair value of long term debt	$ 321,624,000
8.25% Senior Notes due 2028
Debt Instrument [Line Items]
Aggregate principal amount issued	$ 110,000,000
Interest rate (as a percent)	8.25%
8.00% Senior Notes due 2029
Debt Instrument [Line Items]
Aggregate principal amount issued	$ 120,000,000
Interest rate (as a percent)	8.00%
8.00% Senior Notes due 2030
Debt Instrument [Line Items]
Aggregate principal amount issued	$ 100,000,000
Interest rate (as a percent)	8.00%

Revenues - Disaggregation of No

Revenues - Disaggregation of Nonfuel Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Total nonfuel revenues	$ 986,103	$ 1,597,364	$ 2,289,451	$ 3,024,656
Truck service
Total nonfuel revenues	160,987	173,431	314,954	334,626
Store and retail services
Total nonfuel revenues	158,240	170,056	310,058	327,797
Restaurant
Total nonfuel revenues	61,492	108,756	155,704	208,010
Diesel exhaust fluid
Total nonfuel revenues	24,851	23,839	49,861	46,523
Nonfuel
Total nonfuel revenues	$ 405,570	$ 476,082	$ 830,577	$ 916,956

Revenues - Changes in Contract

Revenues - Changes in Contract Liabilities Between Periods (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 22,815	$ 18,960
Increases due to unsatisfied performance obligations arising during the period	59,996	116,210
Revenues recognized from satisfied performance obligations during the period	(51,099)	(100,981)
Other	(5,835)	(11,374)
Ending balance	25,877	22,815
Customer Loyalty Programs
Movement in Deferred Revenue [Roll Forward]
Beginning balance	17,993	15,490
Increases due to unsatisfied performance obligations arising during the period	52,840	103,228
Revenues recognized from satisfied performance obligations during the period	(45,059)	(90,462)
Other	(5,518)	(10,263)
Ending balance	20,256	17,993
Other
Movement in Deferred Revenue [Roll Forward]
Beginning balance	4,822	3,470
Increases due to unsatisfied performance obligations arising during the period	7,156	12,982
Revenues recognized from satisfied performance obligations during the period	(6,040)	(10,519)
Other	(317)	(1,111)
Ending balance	$ 5,621	$ 4,822

Revenues - Contract Liabilities

Revenues - Contract Liabilities (Details)	Jun. 30, 2020
Customer Loyalty Programs | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing for unsatisfied performance obligations to be satisfied	12 months

Acquisitions (Details)

Acquisitions (Details) - Forecast $ in Thousands	6 Months Ended
	Dec. 31, 2020USD ($)parcel_of_land
Business Acquisition [Line Items]
Number of locations to be acquired, asset acquisition | parcel_of_land	1
Purchase price, asset acquisition | $	$ 1,358

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - shares	Jun. 30, 2020	Jun. 22, 2020	Jun. 21, 2020	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Common stock, shares authorized (in shares)	216,000,000	216,000,000	16,000,000	16,000,000

Stockholders' Equity - Underwri

Stockholders' Equity - Underwritten Public Equity Offering (Details) - Subsequent event $ in Thousands	Jul. 06, 2020USD ($)shares
Debt and Equity Securities, FV-NI [Line Items]
Net proceeds	$ 80,056
Offering costs	220
Underwriting discounts and commissions	$ 5,124
Common stock, shares issued (in shares) | shares	6,100,000

Stockholders' Equity - Net Inco

Stockholders' Equity - Net Income (Loss) Per Share of Common Stock Attributable to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Net income (loss) attributable to common stockholders	$ 2,124	$ 1,178	$ (16,437)	$ (11,569)
Less: net income (loss) attributable to participating securities	97	46	(778)	(450)
Net income (loss) available to common stockholders	$ 2,027	$ 1,132	$ (15,659)	$ (11,119)
Weighted average shares of common stock (in shares)	7,944	7,770	7,924	7,767
Basic and diluted net income (loss) per share of common stock attributable to common stockholders (in USD per share)	$ 0.26	$ 0.15	$ (1.98)	$ (1.43)
Weighted average number of unvested shares of common stock outstanding (in shares)	380	313	394	314

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Goodwill [Line Items]
Total goodwill	$ 22,213	$ 25,259
Travel centers business
Goodwill [Line Items]
Total goodwill	22,213	22,213
QSL business
Goodwill [Line Items]
Total goodwill	$ 0	$ 3,046

Goodwill - Goodwill Impairment

Goodwill - Goodwill Impairment (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Depreciation and amortization expense | Restaurants
Goodwill [Line Items]
Goodwill impairment charge	$ 3,046	$ 3,046

Leasing Transactions - As a Les

Leasing Transactions - As a Lessee Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)lease	Jun. 30, 2019USD ($)
Related Party Transaction [Line Items]
Operating lease weighted average remaining lease term (in years)	13 years
Operating lease weighted average discount rate	9.10%
Amount paid included in measurement of operating lease liabilities | $	$ 138,735	$ 138,670
SVC Leases | SVC | Principal landlord and one of the largest stockholders
Related Party Transaction [Line Items]
Number of leases | lease	5

Leasing Transactions - Schedule

Leasing Transactions - Schedule of Lease Costs as a Lessee (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Real estate rent expense	$ 63,079	$ 63,770	$ 126,667	$ 130,183
Net lease costs	63,913	64,558	128,510	131,790
Real estate rent expense | SVC Leases
Lessee, Lease, Description [Line Items]
Operating lease costs	59,498	59,424	118,999	121,544
Variable lease costs	605	1,465	1,701	2,886
Real estate rent expense | Other
Lessee, Lease, Description [Line Items]
Operating lease costs	2,844	2,752	5,677	5,476
Variable lease costs	132	129	290	277
Site level operating expense and selling, general and administrative expense
Lessee, Lease, Description [Line Items]
Short-term lease costs	411	732	950	1,545
Site level operating expense and selling, general and administrative expense | Equipment and other
Lessee, Lease, Description [Line Items]
Operating lease costs	950	647	1,916	1,217
Nonfuel revenues | SVC Leases
Lessee, Lease, Description [Line Items]
Sublease income	$ (527)	$ (591)	$ (1,023)	$ (1,155)

Leasing Transactions - Schedu_2

Leasing Transactions - Schedule of Maturities of Operating Leases Liabilities (Details) $ in Thousands	Jun. 30, 2020USD ($)
Lessee, Lease, Description [Line Items]
2020	$ 139,223
2021	277,143
2022	274,022
2023	258,512
2024	253,023
Thereafter	2,042,228
Total operating lease payments	3,244,151
Less: present value discount	(1,308,411)
Present value of operating lease liabilities	1,935,740
SVC Leases
Lessee, Lease, Description [Line Items]
2020	135,725
2021	270,799
2022	268,936
2023	255,344
2024	251,150
Thereafter	2,034,504
Total operating lease payments	3,216,458
Less: present value discount	(1,303,375)
Present value of operating lease liabilities	1,913,083
Other
Lessee, Lease, Description [Line Items]
2020	3,498
2021	6,344
2022	5,086
2023	3,168
2024	1,873
Thereafter	7,724
Total operating lease payments	27,693
Less: present value discount	(5,036)
Present value of operating lease liabilities	$ 22,657

Leasing Transactions - Schedu_3

Leasing Transactions - Schedule of Operating Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 1,782,222	$ 1,817,998
Current operating lease liabilities	108,627	104,070
Noncurrent operating lease liabilities	1,827,113	1,880,188
SVC Leases
Lessee, Lease, Description [Line Items]
Operating lease assets	1,761,507	1,796,406
Current operating lease liabilities	102,877	98,574
Noncurrent operating lease liabilities	1,810,206	1,862,060
Other
Lessee, Lease, Description [Line Items]
Operating lease assets	20,715	21,592
Current operating lease liabilities	5,750	5,496
Noncurrent operating lease liabilities	$ 16,907	$ 18,128

Leasing Transactions - Leasing

Leasing Transactions - Leasing Agreements with SVC (Details)	Jan. 01, 2020	Apr. 01, 2019USD ($)installment	Jan. 31, 2019USD ($)travel_center	Jun. 30, 2020USD ($)leaseproperty	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)leaseproperty	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)installment
Related Party Transaction [Line Items]
Rent expense under the SVC Leases				$ 63,079,000	$ 63,770,000	$ 126,667,000	$ 130,183,000
Aggregate selling price of improvements sold						$ 734,000	890,000
SVC | Principal landlord and one of the largest stockholders | SVC Leases
Related Party Transaction [Line Items]
Number of sites leased | property				179		179
Number of leases | lease				5		5
Decrease in annual minimum rent			$ (43,148,000)
Extension of lease term (in years)			3 years
Number of payments for deferred rent obligation | installment		16						5
Payment due for deferred rent obligation		$ 4,404,000
Deferred rent obligation			$ 70,458,000	$ 48,440,000		$ 48,440,000		$ 150,000,000
Rate of percentage rent incurred	0.50%					3.50%
Increase in operating lease assets and liabilities due to Transaction Agreements			$ 23,673,000
Percentage rent incurred				124,000	958,000	$ 849,000	2,027,000
Rent expense under the SVC Leases				60,103,000	60,889,000	120,700,000	124,430,000
Aggregate selling price of improvements sold						0	0
Property and equipment that may be sold to SVC for an increase in annual minimum rent				46,511,000		46,511,000
Deferred rent obligation installment payments				$ 4,404,000	4,404,000	$ 8,807,000	4,404,000
Interest rate percentage on deferred rent amounts				1.00%		1.00%
Sublease income				$ 527,000	$ 591,000	$ 1,023,000	$ 1,155,000
SVC | Principal landlord and one of the largest stockholders | TA Leases
Related Party Transaction [Line Items]
Number of leases | lease				4		4
SVC | Principal landlord and one of the largest stockholders | Petro Lease
Related Party Transaction [Line Items]
Number of leases | lease				1		1
SVC | Principal landlord and one of the largest stockholders | Travel centers | SVC Leases
Related Party Transaction [Line Items]
Number of sites leased | property				179		179
Number of locations acquired | travel_center			20
Total acquisition cost			$ 309,637,000
Transaction related costs			$ 1,437,000

Leasing Transactions - As a L_2

Leasing Transactions - As a Lessor Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)travel_centeragreement	Jun. 30, 2019USD ($)travel_center	Jun. 30, 2020USD ($)travel_centeragreement	Jun. 30, 2019USD ($)travel_center
Lessor, Lease, Description [Line Items]
Number of lease agreements | agreement	2		2
Rent revenue	$ 572	$ 599	$ 1,144	$ 1,150
Remainder of 2020	1,168		1,168
2021	2,336		2,336
2022	$ 1,168		$ 1,168
Franchised units | Travel centers
Lessor, Lease, Description [Line Items]
Number of sites leased | travel_center	2	2	2	2

Long Term Debt - Narrative (Det

Long Term Debt - Narrative (Details)	Jun. 30, 2020USD ($)
Credit Facility
Debt Instrument [Line Items]
Borrowings outstanding	$ 0

Long Term Debt - West Greenwich

Long Term Debt - West Greenwich Loan (Details)	Feb. 07, 2020USD ($)travel_centeryr	Jun. 30, 2020USD ($)travel_center
Travel centers
Debt Instrument [Line Items]
Number of sites owned | travel_center		51
West Greenwich Loan
Debt Instrument [Line Items]
Loan term (in years)	10 years
Face amount | $	$ 16,600,000
Interest rate (as a percent)	3.85%
Period in which Federal Home Loan Bank rate is fixed (in years)	5 years
Term of Federal Home Loan Bank rate | yr	5
Amount added to fixed Federal Home Loan Bank rate (in basis points)	198
Notice to be given in order to repay early (in days)	60 days
West Greenwich Loan | Long term debt, net
Debt Instrument [Line Items]
Deferred financing costs | $		$ 353,000
West Greenwich Loan | Travel centers | Company operated sites
Debt Instrument [Line Items]
Number of sites owned | travel_center	1

Business Management Agreement_2

Business Management Agreement with RMR (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
RMR Group LLC | Affiliated entity | Selling, general and administrative expense | Business management agreement
Related Party Transaction [Line Items]
Business management fees and internal audit costs	$ 3,040	$ 3,317	$ 6,144	$ 6,411

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) shares in Thousands	Jul. 31, 2020$ / sharesshares	Jun. 30, 2020directorshares	Dec. 31, 2019shares
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)		8,298	8,307
RMR Group LLC | Affiliated entity
Related Party Transaction [Line Items]
Number of TA Managing Directors who are also the sole trustee of ABP Trust as well as RMR's managing director, president and CEO | director		1
Common stock, shares outstanding (in shares)		299
Percentage of outstanding shares of common stock owned		3.60%
RMR Group LLC | Affiliated entity | Subsequent event
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	219
Percentage of outstanding shares of common stock owned	3.60%
Stock price | $ / shares	$ 14

Related Party Transactions - Re

Related Party Transactions - Relationship with SVC (Details) shares in Thousands	Jul. 31, 2020$ / sharesshares	Jun. 30, 2020numberOfStockholderspropertyshares	Dec. 31, 2019shares
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)		8,298	8,307
SVC | Principal landlord and one of the largest stockholders
Related Party Transaction [Line Items]
Number of stockholders | numberOfStockholders		1
Common stock, shares outstanding (in shares)		684
Percentage of outstanding shares of common stock owned		8.20%
SVC | Principal landlord and one of the largest stockholders | Subsequent event
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	501
Percentage of outstanding shares of common stock owned	8.20%
Stock price | $ / shares	$ 14
SVC | SVC Leases | Principal landlord and one of the largest stockholders
Related Party Transaction [Line Items]
Number of sites leased | property		179

Related Party Transactions - _2

Related Party Transactions - Relationship with AIC (Details) $ in Thousands	1 Months Ended		3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Feb. 13, 2020company	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
AIC | Equity method investee
Related Party Transaction [Line Items]
AIC distribution	$ 286
AIC | Equity method investee | Other expense (income), net
Related Party Transaction [Line Items]
Income from equity investee			$ 130	$ 534
AIC | Equity method investee | Other noncurrent assets
Related Party Transaction [Line Items]
Carrying value of investment	$ 12				$ 298
RMR Group LLC | Affiliated entity
Related Party Transaction [Line Items]
Number of companies managed by RMR | company		4

Related Party Transactions - _3

Related Party Transactions - Retirement and Separation Arrangements (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Feb. 29, 2020	Dec. 31, 2019	Jun. 30, 2020
Managing Director and Chief Executive Officer | Current annual salary paid
Related Party Transaction [Line Items]
Compensation per agreement				$ 300
Managing Director and Chief Executive Officer | Cash bonus paid relating to 2019
Related Party Transaction [Line Items]
Compensation per agreement			$ 1,000
Managing Director and Chief Executive Officer | Additional cash payment
Related Party Transaction [Line Items]
Compensation per agreement	$ 1,000
Executive Vice President, Chief Financial Officer and Treasurer | Additional cash payment
Related Party Transaction [Line Items]
Compensation per agreement		$ 300

Contingencies - Environmental C

Contingencies - Environmental Contingencies (Details) - Environmental issue	6 Months Ended
	Jun. 30, 2020USD ($)
Loss Contingencies [Line Items]
Total recorded liabilities	$ 2,676,000
Expected recoveries of future expenditures	714,000
Net recorded liability	1,962,000
Environmental liability insurance maximum coverage per incident	20,000,000
Environmental liability insurance annual coverage limit	$ 20,000,000

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory [Line Items]
Total inventory	$ 162,710	$ 196,611
Nonfuel products
Inventory [Line Items]
Total inventory	141,021	161,560
Fuel products
Inventory [Line Items]
Total inventory	$ 21,689	$ 35,051

Reorganization Costs - Narrativ

Reorganization Costs - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)
Other current liabilities
Restructuring Cost and Reserve [Line Items]
Liability recognized relating to the Reorganization Plan	$ 223	$ 223
Selling, general and administrative expense
Restructuring Cost and Reserve [Line Items]
Total reorganization costs		4,288
Incurred reorganization costs	$ 3,884	$ 4,288