TravelCenters of America (TA) 10-Q 4 May 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	May 03, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
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		14,561,859
Entity Central Index Key	0001378453
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
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	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 520,028	$ 483,151
Accounts receivable (net of allowance for doubtful accounts of $1,141 and $1,016 as of March 31, 2021 and December 31, 2020, respectively)	129,087	94,429
Inventory	163,397	172,830
Other current assets	27,658	35,506
Total current assets	840,170	785,916
Property and equipment, net	791,516	801,789
Operating lease assets	1,713,862	1,734,883
Goodwill	22,213	22,213
Intangible assets, net	11,365	11,529
Other noncurrent assets	117,219	87,530
Total assets	3,496,345	3,443,860
Current liabilities:
Accounts payable	213,157	158,075
Current operating lease liabilities	111,866	111,255
Other current liabilities	178,650	175,867
Total current liabilities	503,673	445,197
Long term debt, net	525,229	525,397
Noncurrent operating lease liabilities	1,735,080	1,763,166
Other noncurrent liabilities	96,532	69,121
Total liabilities	2,860,514	2,802,881
Stockholders' equity:
Common stock, $0.001 par value, 216,000 shares of common stock authorized as of March 31, 2021 and December 31, 2020, and 14,564 and 14,574 shares of common stock issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	14	14
Additional paid-in capital	782,524	781,841
Accumulated other comprehensive loss	(213)	(205)
Accumulated deficit	(146,903)	(141,084)
Total TA stockholders' equity	635,422	640,566
Noncontrolling interest	409	413
Total stockholders' equity	635,831	640,979
Total liabilities and stockholders' equity	$ 3,496,345	$ 3,443,860

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues:
Total revenues	$ 1,529,096	$ 1,303,348
Cost of goods sold (excluding depreciation):
Total cost of goods sold	1,172,050	954,693
Site level operating expense	227,230	236,564
Selling, general and administrative expense	35,930	37,228
Real estate rent expense	63,869	63,588
Depreciation and amortization expense	23,829	28,560
Income (loss) from operations	6,188	(17,285)
Interest expense, net	11,384	7,456
Other expense, net	1,397	541
Loss before income taxes	(6,593)	(25,282)
Benefit for income taxes	850	6,741
Net loss	(5,743)	(18,541)
Less: net income for noncontrolling interest	76	20
Net loss attributable to common stockholders	(5,819)	(18,561)
Other comprehensive loss, net of taxes:
Foreign currency loss, net of taxes of $16 and $(107), respectively	(8)	(20)
Other comprehensive loss attributable to common stockholders	(8)	(20)
Comprehensive loss attributable to common stockholders	$ (5,827)	$ (18,581)
Net loss per share of common stock attributable to common stockholders:
Basic and diluted (in USD per share)	$ (0.40)	$ (2.23)
Fuel
Revenues:
Total revenues	$ 1,077,258	$ 874,929
Cost of goods sold (excluding depreciation):
Total cost of goods sold	999,828	792,974
Nonfuel
Revenues:
Total revenues	447,914	425,007
Cost of goods sold (excluding depreciation):
Total cost of goods sold	172,222	161,719
Rent and royalties from franchisees
Revenues:
Total revenues	$ 3,924	$ 3,412

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net loss	$ (5,743)	$ (18,541)
Adjustments to reconcile net loss to net cash provided by operating activities:
Noncash rent credits, net	(6,292)	(5,335)
Depreciation and amortization expense	23,829	28,560
Deferred income tax benefit	(850)	(6,114)
Changes in operating assets and liabilities:
Accounts receivable	(34,760)	(2,175)
Inventory	9,439	27,420
Other assets	7,513	2,702
Accounts payable and other liabilities	56,009	(17,555)
Other, net	2,431	2,041
Net cash provided by operating activities	51,576	11,003
Cash flows from investing activities:
Capital expenditures	(12,277)	(16,640)
Proceeds from other asset sales	0	505
Investment in equity investee	(1,350)	0
Other	105	0
Net cash used in investing activities	(13,522)	(16,135)
Cash flows from financing activities:
West Greenwich Loan borrowings	0	16,600
Payments on Revolving Credit Facility	0	(7,900)
Payments on Term Loan Facility	(500)	0
Distributions to noncontrolling interest	(80)	(32)
Acquisition of stock from employees	(74)	0
Other, net	(579)	(523)
Net cash (used in) provided by financing activities	(1,233)	8,145
Effect of exchange rate changes on cash	56	99
Net increase in cash and cash equivalents	36,877	3,112
Cash and cash equivalents at the beginning of the period	483,151	17,206
Cash and cash equivalents at the end of the period	520,028	20,318
Supplemental disclosure of cash flow information:
Lease modification (operating to finance lease)	28,201	0
Interest paid, net of capitalized interest	10,742	7,248
Income taxes refunded	$ 675	$ 464

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Total TA Stockholders' Equity	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2019			8,307
Beginning balance at Dec. 31, 2019	$ 572,536	$ 571,053	$ 8	$ 698,402	$ (172)	$ (127,185)	$ 1,483
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)			12
Grants under share award plan and stock based compensation, net	1,089	1,089	$ 0
Grants under share award plan and stock based compensation, net				1,089
Distribution to noncontrolling interest	(32)						(32)
Other comprehensive loss, net of taxes	(20)	(20)			(20)
Net (loss) income	(18,541)	(18,561)				(18,561)	20
Ending balance (in shares) at Mar. 31, 2020			8,319
Ending balance at Mar. 31, 2020	$ 555,032	553,561	$ 8	699,491	(192)	(145,746)	1,471
Beginning balance (in shares) at Dec. 31, 2020	14,574		14,574
Beginning balance at Dec. 31, 2020	$ 640,979	640,566	$ 14	781,841	(205)	(141,084)	413
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)			(10)
Grants under share award plan and stock based compensation, net	683	683	$ 0
Grants under share award plan and stock based compensation, net				683
Distribution to noncontrolling interest	(80)						(80)
Other comprehensive loss, net of taxes	(8)	(8)			(8)
Net (loss) income	$ (5,743)	(5,819)				(5,819)	76
Ending balance (in shares) at Mar. 31, 2021	14,564		14,564
Ending balance at Mar. 31, 2021	$ 635,831	$ 635,422	$ 14	$ 782,524	$ (213)	$ (146,903)	$ 409

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,141	$ 1,016
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	216,000,000	216,000,000
Common stock, shares issued (in shares)	14,564,000	14,574,000
Common stock, shares outstanding (in shares)	14,564,000	14,574,000

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Foreign currency loss, taxes	$ 16	$ (107)

Business Description and Basis

Business Description and Basis of Presentation	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, we operated or franchised 317 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 March 31, 2021, our business included 272 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 these travel centers, we owned 51, we leased 181, we operated two for a joint venture in which we owned a noncontrolling interest and 38 were owned or leased from others by our franchisees. We operated 232 of our travel centers and franchisees operated 40 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, diesel exhaust fluid, full service restaurants, quick service restaurants and various customer amenities. As of March 31, 2021, our business included three standalone truck service facilities operated under the "TA Truck Service" brand name. Of these standalone truck service facilities, 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 March 31, 2021, our business included 42 standalone restaurants in 12 states in the United States operated primarily under the "Quaker Steak & Lube," or QSL, brand name. Of these standalone restaurants, 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 28 were owned by or leased from others and operated by our franchisees. On April 21, 2021, we completed the sale of our QSL business for $5,000, excluding costs to sell and certain closing adjustments. See Note 3 for more information about the sale of our QSL business. 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 interim consolidated financial statements are unaudited. These unaudited interim consolidated 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, 2020, or our Annual Report. In the opinion of our management, the accompanying unaudited interim 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. The COVID-19 pandemic and current economic conditions have, and may in the future, significantly alter the seasonal aspects of our business. 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 March 31, 2021, was $342,980. Recently Issued Accounting Pronouncement and Other Accounting Matters In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update 2019-12, Income Taxes – Simplifying the Accounting for Income Taxes , which eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes. We adopted this standard on January 1, 2021, using the prospective transition method. The implementation of this update did not have a material impact on 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, the CARES Act included several temporary changes to corporate income tax provisions such as modifications to limitations on deductibility of net operating losses and business interest, provisions relating to the deferral of the employer portion of social security taxes incurred through December 31, 2020, and employee retention tax credit, which is a refundable payroll credit for certain qualified wages and health benefits. As of March 31, 2021, we have deferred $23,340 of an employer social security payments, and have included this amount in other current liabilities. On December 27, 2020 and March 11, 2021, the CARES Act was modified by the Consolidated Appropriations Act of 2021 and the American Rescue Plan Act of 2021, respectively, extending the employee retention tax credit through December 31, 2021. During the year ended December 31, 2020, we recognized $3,268 relating to the employee retention tax credit for credits evaluated through June 30, 2020. We are in the process of evaluating the amount of any credits for which we may be eligible for the periods subsequent to June 30, 2020, and we are currently unable to estimate that amount, if any. We will continue to evaluate the impact of this legislation on our operations and consolidated financial statements in future periods and to the extent additional guidance and regulations are issued.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2021
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 loss. Nonfuel revenues disaggregated by type of good or service for the three months ended March 31, 2021 and 2020, were as follows: Three Months Ended 2021 2020 Nonfuel revenues: Store and retail services $ 171,772 $ 151,818 Truck service 171,131 153,967 Restaurant 73,869 94,212 Diesel exhaust fluid 31,142 25,010 Total nonfuel revenues $ 447,914 $ 425,007 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, 2019 $ 17,993 $ 4,822 $ 22,815 Increases due to unsatisfied performance obligations arising during the period 115,792 15,791 131,583 Revenues recognized from satisfied performance obligations during the period (98,147) (12,879) (111,026) Other (12,817) (589) (13,406) December 31, 2020 22,821 7,145 29,966 Increases due to unsatisfied performance obligations arising during the period 31,149 4,143 35,292 Revenues recognized from satisfied performance obligations during the period (26,048) (3,487) (29,535) Other (3,680) (175) (3,855) March 31, 2021 $ 24,242 $ 7,626 $ 31,868 As of March 31, 2021, we expect the unsatisfied performance obligations relating to our customer loyalty programs will generally be satisfied within 12 months.

Disposition Activity

Disposition Activity	3 Months Ended
	Mar. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Disposition Activity	Disposition Activity On April 21, 2021, we completed the sale of our QSL business for $5,000, excluding costs to sell and certain closing adjustments. We had classified our QSL business as held for sale as of December 31, 2020. We do not believe that this sale represents a strategic shift in our business. As of March 31, 2021, our QSL business included 41 standalone restaurants in 11 states in the United States operated primarily under the QSL brand name. During the three months ended March 31, 2021, we recorded an additional impairment charge of $650, primarily resulting from the change in fair value of underlying assets held for sale, gross, which was included in depreciation and amortization expense in our consolidated statement of operations and comprehensive loss, to reduce the carrying value of our QSL net asset disposal group to $4,222. Impairment charges relating to our QSL net asset disposal group total $14,365, which includes the $13,715 impairment charge recognized during the year ended December 31, 2020. Our estimated fair value of our QSL net assets is based on the purchase price, pursuant to the purchase and sale agreement, less costs to sell and certain closing adjustments as of March 31, 2021. Our QSL net asset disposal group was included as assets held for sale, net in other current assets on our consolidated balance sheets and was comprised of the following as of March 31, 2021 and December 31, 2020: March 31, December 31, Current assets $ 3,783 $ 4,313 Property and equipment, net 11,943 11,745 Operating lease assets 6,927 6,927 Intangible assets, net 7,301 7,301 Current liabilities (1,602) (1,967) Current operating lease liabilities (1,284) (1,307) Long term debt, net (838) (868) Noncurrent operating lease liabilities (7,597) (7,907) Other noncurrent liabilities (46) (51) Assets held for sale, gross 18,587 18,186 Impairment charges (14,365) (13,715) Assets held for sale, net $ 4,222 $ 4,471

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity The following table presents a reconciliation of net loss attributable to common stockholders to net loss available to common stockholders and the related earnings per share of common stock for the three months ended March 31, 2021 and 2020. Three Months Ended 2021 2020 Net loss attributable to common stockholders $ (5,819) $ (18,561) Less: net loss attributable to participating securities (137) (909) Net loss available to common stockholders $ (5,682) $ (17,652) Weighted average shares of common stock (1) 14,227 7,905 Basic and diluted net loss per share of common stock attributable to common stockholders $ (0.40) $ (2.23) (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 March 31, 2021 and 2020, was 344 and 407, respectively.

Leasing Transactions

Leasing Transactions	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, our SVC Leases (as defined below), the leases covering our other properties and most of our equipment leases were classified as operating leases and certain of our other equipment leases were classified as finance leases. As of March 31, 2021, our finance lease assets and liabilities were immaterial to our consolidated financial statements. Finance lease assets were included in other noncurrent assets, with the corresponding current and noncurrent finance lease liabilities included in other current liabilities and other noncurrent liabilities, respectively, on our consolidated balance sheets. 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. Our lease costs are included in various balances in our consolidated statements of operations and comprehensive loss, as shown in the following table. For the three months ended March 31, 2021 and 2020, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2021 2020 Operating lease costs: SVC Leases Real estate rent expense $ 59,137 $ 59,501 Operating lease costs: other Real estate rent expense 2,684 2,833 Variable lease costs: SVC Leases Real estate rent expense 1,866 1,096 Variable lease costs: other Real estate rent expense 182 158 Total real estate rent expense 63,869 63,588 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 846 966 Financing lease costs: equipment and other Site level operating expense 22 — Short-term lease costs Site level operating expense and selling, general and administrative expense 167 539 Amortization of finance lease assets: Depreciation and amortization expense 184 — Amortization of finance lease assets: other Depreciation and amortization expense 250 — Interest on finance lease liabilities: Interest expense, net 103 — Interest on finance lease liabilities: other Interest expense, net 82 — Sublease income Nonfuel revenues (487) (496) Net lease costs $ 65,036 $ 64,597 Maturities of our operating lease liabilities that had remaining noncancelable lease terms in excess of one year as of March 31, 2021, were as follows: SVC Leases (1) Other Total Years ended December 31: 2021 $ 201,893 $ 3,587 $ 205,480 2022 268,936 3,706 272,642 2023 255,344 1,768 257,112 2024 251,150 620 251,770 2025 250,667 490 251,157 Thereafter 1,783,837 2,288 1,786,125 Total operating lease payments 3,011,827 12,459 3,024,286 Less: present value discount (2) (1,175,395) (1,945) (1,177,340) Present value of operating lease liabilities $ 1,836,432 $ 10,514 $ 1,846,946 (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 for our operating leases as of March 31, 2021, was approximately 12 years. Our weighted average discount rate for our operating leases as of March 31, 2021, was approximately 9.1%. During the three months ended March 31, 2021 and 2020, we paid $70,161 and $68,923, respectively, for amounts that had been included in the measurement of our operating lease liabilities. As of March 31, 2021 and December 31, 2020, our operating lease assets and liabilities consisted of the following: March 31, December 31, Operating lease assets: SVC Leases $ 1,704,013 $ 1,724,428 Other 9,849 10,455 Total operating lease assets $ 1,713,862 $ 1,734,883 Current operating lease liabilities: SVC Leases $ 107,470 $ 106,788 Other 4,396 4,467 Total current operating lease liabilities $ 111,866 $ 111,255 Noncurrent operating lease liabilities: SVC Leases $ 1,728,962 $ 1,756,449 Other 6,118 6,717 Total noncurrent operating lease liabilities $ 1,735,080 $ 1,763,166 On March 9, 2021, we and SVC amended one of the SVC Leases, as defined below, pursuant to which, a separate but related third party ground lease at one of the 179 travel center properties that we lease from SVC which was previously accounted for as an operating lease is now accounted for as a finance lease. As a result of this lease modification, as of March 31, 2021, we recorded $28,201 in other noncurrent assets, $1,158 in other current liabilities and $27,046 in other noncurrent liabilities on our consolidated balance sheet in relation to this lease. Leasing Agreements with SVC. As of March 31, 2021, we leased from SVC a total of 179 properties under five leases that expire between 2029 and 2035, subject to our right to extend those leases. We refer to these five leases collectively as the SVC Leases. We recognized total real estate rent expense under the SVC Leases of $61,003 and $60,597 for the three months ended March 31, 2021 and 2020, respectively. Included in these rent expense amounts are percentage rent payable of $1,386 and $725 respectively, which amounts are based on a percentage of the increases in total nonfuel revenues at each leased property over base year levels, deferred rent of $4,404 that we paid for each three month period and adjustments for future increases in minimum annual rent on a straight line basis and estimated future payments by us for the cost of removing underground storage tanks on a straight line basis. The remaining balance of our deferred rent obligations was $35,229 as of March 31, 2021. 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 three months ended March 31, 2021 and 2020. 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 $487 and $496 for the three months ended March 31, 2021 and 2020, respectively. As a Lessor We leased two travel centers to franchisees as of March 31, 2021 and 2020. Rent revenues from these operating leases totaled $584 and $572 for the three months ended March 31, 2021 and 2020, respectively. Future minimum lease payments due to us for the two leased sites under these operating leases as of March 31, 2021, were $1,752 for the remainder of 2021 and $1,168 for 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 March 31, 2021, our SVC Leases (as defined below), the leases covering our other properties and most of our equipment leases were classified as operating leases and certain of our other equipment leases were classified as finance leases. As of March 31, 2021, our finance lease assets and liabilities were immaterial to our consolidated financial statements. Finance lease assets were included in other noncurrent assets, with the corresponding current and noncurrent finance lease liabilities included in other current liabilities and other noncurrent liabilities, respectively, on our consolidated balance sheets. 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. Our lease costs are included in various balances in our consolidated statements of operations and comprehensive loss, as shown in the following table. For the three months ended March 31, 2021 and 2020, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2021 2020 Operating lease costs: SVC Leases Real estate rent expense $ 59,137 $ 59,501 Operating lease costs: other Real estate rent expense 2,684 2,833 Variable lease costs: SVC Leases Real estate rent expense 1,866 1,096 Variable lease costs: other Real estate rent expense 182 158 Total real estate rent expense 63,869 63,588 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 846 966 Financing lease costs: equipment and other Site level operating expense 22 — Short-term lease costs Site level operating expense and selling, general and administrative expense 167 539 Amortization of finance lease assets: Depreciation and amortization expense 184 — Amortization of finance lease assets: other Depreciation and amortization expense 250 — Interest on finance lease liabilities: Interest expense, net 103 — Interest on finance lease liabilities: other Interest expense, net 82 — Sublease income Nonfuel revenues (487) (496) Net lease costs $ 65,036 $ 64,597 Maturities of our operating lease liabilities that had remaining noncancelable lease terms in excess of one year as of March 31, 2021, were as follows: SVC Leases (1) Other Total Years ended December 31: 2021 $ 201,893 $ 3,587 $ 205,480 2022 268,936 3,706 272,642 2023 255,344 1,768 257,112 2024 251,150 620 251,770 2025 250,667 490 251,157 Thereafter 1,783,837 2,288 1,786,125 Total operating lease payments 3,011,827 12,459 3,024,286 Less: present value discount (2) (1,175,395) (1,945) (1,177,340) Present value of operating lease liabilities $ 1,836,432 $ 10,514 $ 1,846,946 (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 for our operating leases as of March 31, 2021, was approximately 12 years. Our weighted average discount rate for our operating leases as of March 31, 2021, was approximately 9.1%. During the three months ended March 31, 2021 and 2020, we paid $70,161 and $68,923, respectively, for amounts that had been included in the measurement of our operating lease liabilities. As of March 31, 2021 and December 31, 2020, our operating lease assets and liabilities consisted of the following: March 31, December 31, Operating lease assets: SVC Leases $ 1,704,013 $ 1,724,428 Other 9,849 10,455 Total operating lease assets $ 1,713,862 $ 1,734,883 Current operating lease liabilities: SVC Leases $ 107,470 $ 106,788 Other 4,396 4,467 Total current operating lease liabilities $ 111,866 $ 111,255 Noncurrent operating lease liabilities: SVC Leases $ 1,728,962 $ 1,756,449 Other 6,118 6,717 Total noncurrent operating lease liabilities $ 1,735,080 $ 1,763,166 On March 9, 2021, we and SVC amended one of the SVC Leases, as defined below, pursuant to which, a separate but related third party ground lease at one of the 179 travel center properties that we lease from SVC which was previously accounted for as an operating lease is now accounted for as a finance lease. As a result of this lease modification, as of March 31, 2021, we recorded $28,201 in other noncurrent assets, $1,158 in other current liabilities and $27,046 in other noncurrent liabilities on our consolidated balance sheet in relation to this lease. Leasing Agreements with SVC. As of March 31, 2021, we leased from SVC a total of 179 properties under five leases that expire between 2029 and 2035, subject to our right to extend those leases. We refer to these five leases collectively as the SVC Leases. We recognized total real estate rent expense under the SVC Leases of $61,003 and $60,597 for the three months ended March 31, 2021 and 2020, respectively. Included in these rent expense amounts are percentage rent payable of $1,386 and $725 respectively, which amounts are based on a percentage of the increases in total nonfuel revenues at each leased property over base year levels, deferred rent of $4,404 that we paid for each three month period and adjustments for future increases in minimum annual rent on a straight line basis and estimated future payments by us for the cost of removing underground storage tanks on a straight line basis. The remaining balance of our deferred rent obligations was $35,229 as of March 31, 2021. 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 three months ended March 31, 2021 and 2020. 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 $487 and $496 for the three months ended March 31, 2021 and 2020, respectively. As a Lessor We leased two travel centers to franchisees as of March 31, 2021 and 2020. Rent revenues from these operating leases totaled $584 and $572 for the three months ended March 31, 2021 and 2020, respectively. Future minimum lease payments due to us for the two leased sites under these operating leases as of March 31, 2021, were $1,752 for the remainder of 2021 and $1,168 for 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.

Business Management Agreement w

Business Management Agreement with RMR	3 Months Ended
	Mar. 31, 2021
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, is the sole trustee, an officer and the controlling shareholder of ABP Trust, which is the controlling shareholder of The RMR Group Inc. Mr. Portnoy is also 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 March 31, 2021, Mr. Portnoy beneficially owned 656 shares of our common stock (including indirectly through RMR), representing approximately 4.5% of our outstanding shares of common stock. Relationship with SVC We are SVC's largest tenant and SVC is our principal landlord and second largest stockholder. As of March 31, 2021, SVC owned 1,185 shares of our common stock, representing approximately 8.1% of our outstanding shares of common stock. As of March 31, 2021, we leased from SVC a total of 179 travel center properties under the SVC Leases. See Note 5 for more information about our lease agreements with SVC. Mr. Portnoy serves as a managing trustee and chair of the board of trustees of SVC. Our Manager, RMR RMR provides certain services we require to operate our business. We have a business management agreement with RMR to provide management services to us, which relates to various aspects of our business generally. See Note 6 for more information about our business management agreement with RMR. Retirement and Separation Arrangements In December 2019, we and RMR entered into a retirement agreement with 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, a cash bonus in the amount of $1,000 in December 2019 and an additional cash payment in the amount of $1,000 in June 2020, and we fully accelerated the vesting of any unvested shares of our common stock previously awarded to Mr. Rebholz. In February 2020, we and RMR entered into a separation agreement with our former Executive Vice President, Chief Financial Officer and Treasurer, William E. Myers. Pursuant to his separation agreement, in 2020, we paid Mr. Myers $300 and fully accelerated the vesting of any unvested shares of our common stock previously awarded to Mr. Myers. For more information about these and other such relationships and certain other related person transactions, see our Annual Report.
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, pursuant to a business management agreement. We incurred aggregate fees and certain cost reimbursements payable to RMR of $2,935 and $3,104 for the three months ended March 31, 2021 and 2020, respectively. These amounts are included in selling, general and administrative expense in our consolidated statements of operations and comprehensive loss. For more information about our relationship with RMR, see Note 7 of this Quarterly Report and our Annual Report.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
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, is the sole trustee, an officer and the controlling shareholder of ABP Trust, which is the controlling shareholder of The RMR Group Inc. Mr. Portnoy is also 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 March 31, 2021, Mr. Portnoy beneficially owned 656 shares of our common stock (including indirectly through RMR), representing approximately 4.5% of our outstanding shares of common stock. Relationship with SVC We are SVC's largest tenant and SVC is our principal landlord and second largest stockholder. As of March 31, 2021, SVC owned 1,185 shares of our common stock, representing approximately 8.1% of our outstanding shares of common stock. As of March 31, 2021, we leased from SVC a total of 179 travel center properties under the SVC Leases. See Note 5 for more information about our lease agreements with SVC. Mr. Portnoy serves as a managing trustee and chair of the board of trustees of SVC. Our Manager, RMR RMR provides certain services we require to operate our business. We have a business management agreement with RMR to provide management services to us, which relates to various aspects of our business generally. See Note 6 for more information about our business management agreement with RMR. Retirement and Separation Arrangements In December 2019, we and RMR entered into a retirement agreement with 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, a cash bonus in the amount of $1,000 in December 2019 and an additional cash payment in the amount of $1,000 in June 2020, and we fully accelerated the vesting of any unvested shares of our common stock previously awarded to Mr. Rebholz. In February 2020, we and RMR entered into a separation agreement with our former Executive Vice President, Chief Financial Officer and Treasurer, William E. Myers. Pursuant to his separation agreement, in 2020, we paid Mr. Myers $300 and fully accelerated the vesting of any unvested shares of our common stock previously awarded to Mr. Myers. For more information about these and other such relationships and certain other related person transactions, see our Annual Report.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, we had an accrued liability of $2,995 for environmental matters as well as a receivable for expected recoveries of certain of these estimated future expenditures of $906, resulting in an estimated net amount of $2,089 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. Our current insurance policy expires in June 2021 and 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 of 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	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory as of March 31, 2021 and December 31, 2020, consisted of the following: March 31, December 31, Nonfuel products $ 134,094 $ 143,440 Fuel products 29,303 29,390 Total inventory $ 163,397 $ 172,830

Business Description and Basi_2

Business Description and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2021
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 interim consolidated financial statements are unaudited. These unaudited interim consolidated 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, 2020, or our Annual Report. In the opinion of our management, the accompanying unaudited interim 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. The COVID-19 pandemic and current economic conditions have, and may in the future, significantly alter the seasonal aspects of our business. 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.
Recently Issued Accounting Pronouncement and Other Accounting Matters	Recently Issued Accounting Pronouncement and Other Accounting Matters In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update 2019-12, Income Taxes – Simplifying the Accounting for Income Taxes , which eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes. We adopted this standard on January 1, 2021, using the prospective transition method. The implementation of this update did not have a material impact on 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, the CARES Act included several temporary changes to corporate income tax provisions such as modifications to limitations on deductibility of net operating losses and business interest, provisions relating to the deferral of the employer portion of social security taxes incurred through December 31, 2020, and employee retention tax credit, which is a refundable payroll credit for certain qualified wages and health benefits. As of March 31, 2021, we have deferred $23,340 of an employer social security payments, and have included this amount in other current liabilities. On December 27, 2020 and March 11, 2021, the CARES Act was modified by the Consolidated Appropriations Act of 2021 and the American Rescue Plan Act of 2021, respectively, extending the employee retention tax credit through December 31, 2021. During the year ended December 31, 2020, we recognized $3,268 relating to the employee retention tax credit for credits evaluated through June 30, 2020. We are in the process of evaluating the amount of any credits for which we may be eligible for the periods subsequent to June 30, 2020, and we are currently unable to estimate that amount, if any. We will continue to evaluate the impact of this legislation on our operations and consolidated financial statements in future periods and to the extent additional guidance and regulations are issued.
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.
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)	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021 and 2020, were as follows: Three Months Ended 2021 2020 Nonfuel revenues: Store and retail services $ 171,772 $ 151,818 Truck service 171,131 153,967 Restaurant 73,869 94,212 Diesel exhaust fluid 31,142 25,010 Total nonfuel revenues $ 447,914 $ 425,007
Changes in contract liabilities between periods	The following table shows the changes in our contract liabilities between periods. Customer Other Total December 31, 2019 $ 17,993 $ 4,822 $ 22,815 Increases due to unsatisfied performance obligations arising during the period 115,792 15,791 131,583 Revenues recognized from satisfied performance obligations during the period (98,147) (12,879) (111,026) Other (12,817) (589) (13,406) December 31, 2020 22,821 7,145 29,966 Increases due to unsatisfied performance obligations arising during the period 31,149 4,143 35,292 Revenues recognized from satisfied performance obligations during the period (26,048) (3,487) (29,535) Other (3,680) (175) (3,855) March 31, 2021 $ 24,242 $ 7,626 $ 31,868

Disposition Activity (Tables)

Disposition Activity (Tables)	3 Months Ended
	Mar. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of components of assets held for sale, net	Our QSL net asset disposal group was included as assets held for sale, net in other current assets on our consolidated balance sheets and was comprised of the following as of March 31, 2021 and December 31, 2020: March 31, December 31, Current assets $ 3,783 $ 4,313 Property and equipment, net 11,943 11,745 Operating lease assets 6,927 6,927 Intangible assets, net 7,301 7,301 Current liabilities (1,602) (1,967) Current operating lease liabilities (1,284) (1,307) Long term debt, net (838) (868) Noncurrent operating lease liabilities (7,597) (7,907) Other noncurrent liabilities (46) (51) Assets held for sale, gross 18,587 18,186 Impairment charges (14,365) (13,715) Assets held for sale, net $ 4,222 $ 4,471

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Reconciliation of net loss attributable to common stockholders to net loss available to common stockholders	The following table presents a reconciliation of net loss attributable to common stockholders to net loss available to common stockholders and the related earnings per share of common stock for the three months ended March 31, 2021 and 2020. Three Months Ended 2021 2020 Net loss attributable to common stockholders $ (5,819) $ (18,561) Less: net loss attributable to participating securities (137) (909) Net loss available to common stockholders $ (5,682) $ (17,652) Weighted average shares of common stock (1) 14,227 7,905 Basic and diluted net loss per share of common stock attributable to common stockholders $ (0.40) $ (2.23) (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 March 31, 2021 and 2020, was 344 and 407, respectively.

Leasing Transactions (Tables)

Leasing Transactions (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Schedule of lease costs as a lessee	For the three months ended March 31, 2021 and 2020, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2021 2020 Operating lease costs: SVC Leases Real estate rent expense $ 59,137 $ 59,501 Operating lease costs: other Real estate rent expense 2,684 2,833 Variable lease costs: SVC Leases Real estate rent expense 1,866 1,096 Variable lease costs: other Real estate rent expense 182 158 Total real estate rent expense 63,869 63,588 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 846 966 Financing lease costs: equipment and other Site level operating expense 22 — Short-term lease costs Site level operating expense and selling, general and administrative expense 167 539 Amortization of finance lease assets: Depreciation and amortization expense 184 — Amortization of finance lease assets: other Depreciation and amortization expense 250 — Interest on finance lease liabilities: Interest expense, net 103 — Interest on finance lease liabilities: other Interest expense, net 82 — Sublease income Nonfuel revenues (487) (496) Net lease costs $ 65,036 $ 64,597
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 March 31, 2021, were as follows: SVC Leases (1) Other Total Years ended December 31: 2021 $ 201,893 $ 3,587 $ 205,480 2022 268,936 3,706 272,642 2023 255,344 1,768 257,112 2024 251,150 620 251,770 2025 250,667 490 251,157 Thereafter 1,783,837 2,288 1,786,125 Total operating lease payments 3,011,827 12,459 3,024,286 Less: present value discount (2) (1,175,395) (1,945) (1,177,340) Present value of operating lease liabilities $ 1,836,432 $ 10,514 $ 1,846,946 (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 March 31, 2021 and December 31, 2020, our operating lease assets and liabilities consisted of the following: March 31, December 31, Operating lease assets: SVC Leases $ 1,704,013 $ 1,724,428 Other 9,849 10,455 Total operating lease assets $ 1,713,862 $ 1,734,883 Current operating lease liabilities: SVC Leases $ 107,470 $ 106,788 Other 4,396 4,467 Total current operating lease liabilities $ 111,866 $ 111,255 Noncurrent operating lease liabilities: SVC Leases $ 1,728,962 $ 1,756,449 Other 6,118 6,717 Total noncurrent operating lease liabilities $ 1,735,080 $ 1,763,166

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Schedule of inventory	Inventory as of March 31, 2021 and December 31, 2020, consisted of the following: March 31, December 31, Nonfuel products $ 134,094 $ 143,440 Fuel products 29,303 29,390 Total inventory $ 163,397 $ 172,830

Business Description and Basi_3

Business Description and Basis of Presentation - Business Description (Details) $ in Thousands	Apr. 21, 2021USD ($)	Mar. 31, 2021restauranttravel_centerfranchiseesegmenttruck_service_facilitystorestate
Real Estate Properties [Line Items]
Number of sites | store		317
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		40
Number of sites owned by franchisees or leased from others		38
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		272
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		42
Number of states | state		12
Restaurants | Subsequent event
Real Estate Properties [Line Items]
Purchase price | $	$ 5,000
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 operated under joint venture | restaurant		1
Number of sites owned by franchisees or leased from others | restaurant		1
Number of franchisees | franchisee		1
Restaurants | Franchisee operated sites
Real Estate Properties [Line Items]
Number of sites owned by franchisees or leased from others | restaurant		28

Business Description and Basi_4

Business Description and Basis of Presentation - Senior Notes (Details) - Senior Notes	Mar. 31, 2021USD ($)
Level 1 input
Debt Instrument [Line Items]
Fair value of long term debt	$ 342,980,000
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%

Business Description and Basi_5

Business Description and Basis of Presentation - Recently Issued Accounting Pronouncement and Other Accounting Matters (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2021
Site level operating expense
Tax Credit Carryforward [Line Items]
Employee retention tax credit	$ 3,268
Other noncurrent assets
Tax Credit Carryforward [Line Items]
Deferred tax liability		$ 23,340

Revenues - Disaggregation of No

Revenues - Disaggregation of Nonfuel Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Total nonfuel revenues	$ 1,529,096	$ 1,303,348
Store and retail services
Total nonfuel revenues	171,772	151,818
Truck service
Total nonfuel revenues	171,131	153,967
Restaurant
Total nonfuel revenues	73,869	94,212
Diesel exhaust fluid
Total nonfuel revenues	31,142	25,010
Nonfuel
Total nonfuel revenues	$ 447,914	$ 425,007

Revenues - Changes in Contract

Revenues - Changes in Contract Liabilities Between Periods (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 29,966	$ 22,815
Increases due to unsatisfied performance obligations arising during the period	35,292	131,583
Revenues recognized from satisfied performance obligations during the period	(29,535)	(111,026)
Other	(3,855)	(13,406)
Ending balance	31,868	29,966
Customer Loyalty Programs
Movement in Deferred Revenue [Roll Forward]
Beginning balance	22,821	17,993
Increases due to unsatisfied performance obligations arising during the period	31,149	115,792
Revenues recognized from satisfied performance obligations during the period	(26,048)	(98,147)
Other	(3,680)	(12,817)
Ending balance	24,242	22,821
Other
Movement in Deferred Revenue [Roll Forward]
Beginning balance	7,145	4,822
Increases due to unsatisfied performance obligations arising during the period	4,143	15,791
Revenues recognized from satisfied performance obligations during the period	(3,487)	(12,879)
Other	(175)	(589)
Ending balance	$ 7,626	$ 7,145

Revenues - Contract Liabilities

Revenues - Contract Liabilities (Details)	Mar. 31, 2021
Customer Loyalty Programs | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing for unsatisfied performance obligations to be satisfied	12 months

Disposition Activity - Narrativ

Disposition Activity - Narrative (Details) $ in Thousands	Apr. 21, 2021USD ($)	Mar. 31, 2021USD ($)restaurantstatestore	Dec. 31, 2020USD ($)
Business Acquisition [Line Items]
Number of sites | store		317
Restaurants
Business Acquisition [Line Items]
Number of sites | restaurant		42
Number of states | state		12
Restaurants | Subsequent event
Business Acquisition [Line Items]
Purchase price	$ 5,000
Restaurants | Disposal group, held for sale
Business Acquisition [Line Items]
Number of states | state		11
Restaurants | Disposal group, held for sale | Other current assets
Business Acquisition [Line Items]
Assets held for sale, net		$ 4,222	$ 4,471
Restaurants | Disposal group, held for sale | Depreciation and amortization expense
Business Acquisition [Line Items]
Additional impairment charge		650
Impairment charge		$ 14,365	$ 13,715
Restaurants | QSL brand | Disposal group, held for sale
Business Acquisition [Line Items]
Number of sites | restaurant		41

Disposition Activity - Schedule

Disposition Activity - Schedule of Assets Held for Sale, Net (Details) - Restaurants - Disposal group, held for sale - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Depreciation and amortization expense
Business Acquisition [Line Items]
Impairment charges	$ (14,365)	$ (13,715)
Other current assets
Business Acquisition [Line Items]
Current assets	3,783	4,313
Property and equipment, net	11,943	11,745
Operating lease assets	6,927	6,927
Intangible assets, net	7,301	7,301
Current liabilities	(1,602)	(1,967)
Current operating lease liabilities	(1,284)	(1,307)
Long term debt, net	(838)	(868)
Noncurrent operating lease liabilities	(7,597)	(7,907)
Other noncurrent liabilities	(46)	(51)
Assets held for sale, gross	18,587	18,186
Assets held for sale, net	$ 4,222	$ 4,471

Stockholders' Equity - Net Loss

Stockholders' Equity - Net Loss Per Share of Common Stock Attributable to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
Net loss attributable to common stockholders		$ (5,819)	$ (18,561)
Less: net loss attributable to participating securities		(137)	(909)
Net loss available to common stockholders		$ (5,682)	$ (17,652)
Weighted average shares of common stock (in shares)	[1]	14,227	7,905
Basic and diluted net loss per share of common stock attributable to common stockholders (in USD per share)		$ (0.40)	$ (2.23)
Weighted average number of unvested shares of common stock outstanding (in shares)		344	407
[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 March 31, 2021 and 2020, was 344 and 407, respectively.

Leasing Transactions - As a Les

Leasing Transactions - As a Lessee (Details) $ in Thousands	Mar. 09, 2021USD ($)leaseproperty	Mar. 31, 2021USD ($)propertylease	Mar. 31, 2020USD ($)
Related Party Transaction [Line Items]
Operating lease weighted average remaining lease term (in years)		12 years
Operating lease weighted average discount rate		9.10%
Amount paid included in measurement of operating lease liabilities		$ 70,161	$ 68,923
SVC Leases | SVC | Principal landlord and second largest stockholder
Related Party Transaction [Line Items]
Number of leases | lease	1	5
Number of sites leased | property	1	179
Increase in other noncurrent assets	$ 28,201
Increase in other current liabilities	1,158
Increase in other noncurrent liabilities	$ 27,046

Leasing Transactions - Schedule

Leasing Transactions - Schedule of Lease Costs as a Lessee (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Lessee, Lease, Description [Line Items]
Real estate rent expense	$ 63,869	$ 63,588
Net lease costs	65,036	64,597
Real estate rent expense | SVC Leases
Lessee, Lease, Description [Line Items]
Operating lease costs	59,137	59,501
Variable lease costs	1,866	1,096
Real estate rent expense | Other
Lessee, Lease, Description [Line Items]
Operating lease costs	2,684	2,833
Variable lease costs	182	158
Site level operating expense and selling, general and administrative expense
Lessee, Lease, Description [Line Items]
Short-term lease costs	167	539
Site level operating expense and selling, general and administrative expense | Equipment and other
Lessee, Lease, Description [Line Items]
Operating lease costs	846	966
Site level operating expense | Equipment and other
Lessee, Lease, Description [Line Items]
Variable lease costs	22	0
Depreciation and amortization expense | SVC Leases
Lessee, Lease, Description [Line Items]
Amortization of finance lease assets	184	0
Depreciation and amortization expense | Other
Lessee, Lease, Description [Line Items]
Amortization of finance lease assets	250	0
Interest expense, net | SVC Leases
Lessee, Lease, Description [Line Items]
Interest on finance lease liabilities	103	0
Interest expense, net | Other
Lessee, Lease, Description [Line Items]
Interest on finance lease liabilities	82	0
Nonfuel revenues | SVC Leases
Lessee, Lease, Description [Line Items]
Sublease income	$ (487)	$ (496)

Leasing Transactions - Schedu_2

Leasing Transactions - Schedule of Maturities of Operating Leases Liabilities (Details) $ in Thousands	Mar. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
2021	$ 205,480
2022	272,642
2023	257,112
2024	251,770
2025	251,157
Thereafter	1,786,125
Total operating lease payments	3,024,286
Less: present value discount	(1,177,340)	[1]
Present value of operating lease liabilities	1,846,946
SVC Leases
Lessee, Lease, Description [Line Items]
2021	201,893	[2]
2022	268,936	[2]
2023	255,344	[2]
2024	251,150	[2]
2025	250,667	[2]
Thereafter	1,783,837	[2]
Total operating lease payments	3,011,827	[2]
Less: present value discount	(1,175,395)	[1],[2]
Present value of operating lease liabilities	1,836,432	[2]
Other
Lessee, Lease, Description [Line Items]
2021	3,587
2022	3,706
2023	1,768
2024	620
2025	490
Thereafter	2,288
Total operating lease payments	12,459
Less: present value discount	(1,945)	[1]
Present value of operating lease liabilities	$ 10,514
[1]	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.
[2]	Includes rent for properties we sublease from SVC and pay directly to SVC's landlords.

Leasing Transactions - Schedu_3

Leasing Transactions - Schedule of Operating Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 1,713,862	$ 1,734,883
Current operating lease liabilities	111,866	111,255
Noncurrent operating lease liabilities	1,735,080	1,763,166
SVC Leases
Lessee, Lease, Description [Line Items]
Operating lease assets	1,704,013	1,724,428
Current operating lease liabilities	107,470	106,788
Noncurrent operating lease liabilities	1,728,962	1,756,449
Other
Lessee, Lease, Description [Line Items]
Operating lease assets	9,849	10,455
Current operating lease liabilities	4,396	4,467
Noncurrent operating lease liabilities	$ 6,118	$ 6,717

Leasing Transactions - Leasing

Leasing Transactions - Leasing Agreements with SVC (Details)	3 Months Ended
	Mar. 31, 2021USD ($)propertylease	Mar. 31, 2020USD ($)	Mar. 09, 2021leaseproperty
Related Party Transaction [Line Items]
Rent expense under the SVC Leases	$ 63,869,000	$ 63,588,000
SVC | Principal landlord and second largest stockholder | SVC Leases
Related Party Transaction [Line Items]
Number of sites leased | property	179		1
Number of leases | lease	5		1
Rent expense under the SVC Leases	$ 61,003,000	60,597,000
Percentage rent incurred	1,386,000	725,000
Deferred rent obligation installment payments	4,404,000	4,404,000
Deferred rent obligation	35,229,000
Aggregate selling price of improvements sold	0	0
Sublease income	$ 487,000	$ 496,000

Leasing Transactions - As a L_2

Leasing Transactions - As a Lessor (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)travel_center	Mar. 31, 2020USD ($)travel_center
Lessor, Lease, Description [Line Items]
Rent revenue	$ 584	$ 572
Remainder of 2021	1,752
2022	$ 1,168
Franchised units | Travel centers
Lessor, Lease, Description [Line Items]
Number of sites leased | travel_center	2	2

Business Management Agreement_2

Business Management Agreement with RMR (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
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	$ 2,935	$ 3,104

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) shares in Thousands	Mar. 31, 2021directorshares	Dec. 31, 2020shares
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	14,564	14,574
RMR Group LLC | Affiliated entity
Related Party Transaction [Line Items]
Number of TA Managing Directors who are also the sole trustee, an officer and the controlling shareholder of ABP Trust as well as RMR's managing director, president and CEO | director	1
Common stock, shares outstanding (in shares)	656
Percentage of outstanding shares of common stock owned	4.50%

Related Party Transactions - Re

Related Party Transactions - Relationship with SVC (Details) shares in Thousands	Mar. 31, 2021propertyshares	Mar. 09, 2021property	Dec. 31, 2020shares
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	14,564		14,574
SVC | Principal landlord and second largest stockholder
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	1,185
Percentage of outstanding shares of common stock owned	8.10%
SVC | Principal landlord and second largest stockholder | SVC Leases
Related Party Transaction [Line Items]
Number of sites leased | property	179	1

Related Party Transactions - _2

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 | 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 (Details)

Contingencies (Details) - Environmental issue	3 Months Ended
	Mar. 31, 2021USD ($)
Loss Contingencies [Line Items]
Total recorded liabilities	$ 2,995,000
Expected recoveries of future expenditures	906,000
Net recorded liability	2,089,000
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	Mar. 31, 2021	Dec. 31, 2020
Inventory [Line Items]
Total inventory	$ 163,397	$ 172,830
Nonfuel products
Inventory [Line Items]
Total inventory	134,094	143,440
Fuel products
Inventory [Line Items]
Total inventory	$ 29,303	$ 29,390