TravelCenters of America (TA) 10-Q 2 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,855,942
Entity Central Index Key	0001378453
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Shares of Common Stock, $0.001 Par Value Per Share
Entity Information [Line Items]
Title of 12(b) Security	Shares of Common Stock, $0.001 Par Value Per Share
Trading Symbol	TA
Security Exchange Name	NASDAQ
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, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 565,146	$ 536,002
Accounts receivable (net of allowance for doubtful accounts of $1,183 and $1,003 as of June 30, 2022 and December 31, 2021, respectively)	225,822	111,392
Inventory	251,608	191,843
Other current assets	30,561	37,947
Total current assets	1,073,137	877,184
Property and equipment, net	923,470	831,427
Operating lease assets	1,623,820	1,659,526
Goodwill	22,213	22,213
Intangible assets, net	13,535	10,934
Other noncurrent assets	85,658	107,217
Total assets	3,741,833	3,508,501
Current liabilities:
Accounts payable	382,302	206,420
Current operating lease liabilities	119,082	118,005
Other current liabilities	214,895	194,853
Total current liabilities	716,279	519,278
Long term debt, net	524,487	524,781
Noncurrent operating lease liabilities	1,606,031	1,655,359
Other noncurrent liabilities	108,746	106,230
Total liabilities	2,955,543	2,805,648
Stockholders' equity:
Common stock, $0.001 par value, 216,000 shares of common stock authorized as of June 30, 2022 and December 31, 2021, and 14,856 and 14,839 shares of common stock issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	14	14
Additional paid-in capital	788,710	785,597
Accumulated other comprehensive loss	(158)	(198)
Accumulated deficit	(2,276)	(82,560)
Total stockholders' equity	786,290	702,853
Total liabilities and stockholders' equity	$ 3,741,833	$ 3,508,501

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,183	$ 1,003
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)	14,856,000	14,839,000
Common stock, shares outstanding (in shares)	14,856,000	14,839,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Total revenues	$ 3,079,048	$ 1,834,280	$ 5,376,120	$ 3,363,376
Cost of goods sold (excluding depreciation):
Total cost of goods sold	2,586,710	1,427,047	4,471,689	2,599,097
Site level operating expense	260,103	233,996	512,147	461,226
Selling, general and administrative expense	46,400	36,590	87,709	72,520
Real estate rent expense	65,153	63,611	129,799	127,480
Depreciation and amortization expense	26,762	24,139	50,993	47,968
Other operating income, net	(305)	(872)	(2,487)	(872)
Income from operations	94,225	49,769	126,270	55,957
Interest expense, net	11,173	11,739	22,703	23,123
Other (income) expense, net	(1,216)	1,304	(1,854)	2,701
Income before income taxes	84,268	36,726	105,421	30,133
Provision for income taxes	(20,288)	(7,779)	(25,137)	(6,929)
Net income	63,980	28,947	80,284	23,204
Less: net income for noncontrolling interest	0	(409)	0	(333)
Net income attributable to common stockholders	63,980	29,356	80,284	23,537
Other comprehensive income (loss), net of taxes:
Foreign currency income (loss), net of taxes of $(40), $19, $(21) and $35 respectively	66	(9)	40	(17)
Other comprehensive income (loss) attributable to common stockholders	66	(9)	40	(17)
Comprehensive income attributable to common stockholders	$ 64,046	$ 29,347	$ 80,324	$ 23,520
Net income per share of common stock attributable to common stockholders:
Basic (in USD per share)	$ 4.31	$ 2.02	$ 5.41	$ 1.62
Diluted (in USD per share)	$ 4.31	$ 2.02	$ 5.41	$ 1.62
Fuel
Revenues:
Total revenues	$ 2,521,757	$ 1,328,631	$ 4,327,870	$ 2,405,889
Cost of goods sold (excluding depreciation):
Total cost of goods sold	2,365,126	1,228,339	4,058,321	2,228,167
Nonfuel
Revenues:
Total revenues	553,362	501,810	1,040,444	949,724
Cost of goods sold (excluding depreciation):
Total cost of goods sold	221,584	198,708	413,368	370,930
Rent and royalties from franchisees
Revenues:
Total revenues	$ 3,929	$ 3,839	$ 7,806	$ 7,763

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Foreign currency income (loss), taxes	$ (40)	$ 19	$ (21)	$ 35

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 80,284	$ 23,204
Adjustments to reconcile net income to net cash provided by operating activities:
Noncash rent credits, net	(10,944)	(11,634)
Depreciation and amortization expense	50,993	47,968
Deferred income taxes	25,391	6,748
Gain on sale of assets, net	(2,487)	(872)
Changes in operating assets and liabilities:
Accounts receivable	(114,736)	(48,712)
Inventory	(56,641)	6,922
Other assets	8,893	8,622
Accounts payable and other liabilities	192,446	85,761
Other, net	2,333	6,067
Net cash provided by operating activities	175,532	124,074
Cash flows from investing activities:
Capital expenditures	(89,455)	(27,409)
Acquisitions of travel centers and other sites, net of cash acquired	(53,821)	0
Proceeds from other asset sales	597	7,416
Investment in equity investees	(1,000)	(1,350)
Other, net	952	148
Net cash used in investing activities	(142,727)	(21,195)
Cash flows from financing activities:
Payments on West Greenwich Loan	(332)	(332)
Payments on Term Loan Facility	(1,000)	(1,000)
Distributions to noncontrolling interest	0	(80)
Acquisition of stock from employees	(60)	(87)
Other, net	(2,226)	(1,342)
Net cash used in financing activities	(3,618)	(2,841)
Effect of exchange rate changes on cash	(43)	62
Net increase in cash and cash equivalents	29,144	100,100
Cash and cash equivalents at the beginning of the period	536,002	483,151
Cash and cash equivalents at the end of the period	565,146	583,251
Supplemental disclosure of cash flow information:
Lease modification (operating to finance lease)	0	28,201
Interest paid, net of capitalized interest	22,303	21,840
Income taxes (paid) refunded, net	$ (1,525)	$ 27

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, 2020			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)			7
Grants under share award plan and stock based compensation, net	1,896	1,896		1,896
Distribution to noncontrolling interest	(80)						(80)
Other changes	(600)	(600)		(600)
Other comprehensive income (loss), net of taxes	(17)	(17)			(17)
Net income	23,204	23,537				23,537	(333)
Ending balance (in shares) at Jun. 30, 2021			14,581
Ending balance at Jun. 30, 2021	665,382	665,382	$ 14	783,137	(222)	(117,547)	0
Beginning balance (in shares) at Mar. 31, 2021			14,564
Beginning balance at Mar. 31, 2021	635,831	635,422	$ 14	782,524	(213)	(146,903)	409
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)			17
Grants under share award plan and stock based compensation, net	1,213	1,213		1,213
Other changes	(600)	(600)		(600)
Other comprehensive income (loss), net of taxes	(9)	(9)			(9)
Net income	28,947	29,356				29,356	(409)
Ending balance (in shares) at Jun. 30, 2021			14,581
Ending balance at Jun. 30, 2021	$ 665,382	665,382	$ 14	783,137	(222)	(117,547)	0
Beginning balance (in shares) at Dec. 31, 2021	14,839		14,839
Beginning balance at Dec. 31, 2021	$ 702,853	702,853	$ 14	785,597	(198)	(82,560)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)			17
Grants under share award plan and stock based compensation, net	3,113	3,113		3,113
Other comprehensive income (loss), net of taxes	40	40			40
Net income	$ 80,284	80,284				80,284
Ending balance (in shares) at Jun. 30, 2022	14,856		14,856
Ending balance at Jun. 30, 2022	$ 786,290	786,290	$ 14	788,710	(158)	(2,276)	0
Beginning balance (in shares) at Mar. 31, 2022			14,837
Beginning balance at Mar. 31, 2022	720,332	720,332	$ 14	786,798	(224)	(66,256)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Grants under share award plan and stock based compensation, net (in shares)			19
Grants under share award plan and stock based compensation, net	1,912	1,912		1,912
Other comprehensive income (loss), net of taxes	66	66			66
Net income	$ 63,980	63,980				63,980	0
Ending balance (in shares) at Jun. 30, 2022	14,856		14,856
Ending balance at Jun. 30, 2022	$ 786,290	$ 786,290	$ 14	$ 788,710	$ (158)	$ (2,276)	$ 0

Business Description and Basis

Business Description and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
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, 2022, we operated or franchised 282 travel centers, standalone truck service facilities and standalone restaurant. 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, 2022, our business included 276 travel centers in 44 states in the United States, 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 52, we leased 181, we operated two for a joint venture and 41 were owned or leased from others by our franchisees. We operated 234 of our travel centers and franchisees operated 42 travel centers. As of July 8, 2022, we now operate 235 of our travel centers and franchisees operated 41 travel centers. 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 June 30, 2022, our business included five standalone truck service facilities operated under the "TA Truck Service" brand name. Of these standalone truck service facilities, we leased three and owned two. Our standalone truck service facilities offer extensive maintenance and emergency repair and roadside services to large trucks. On April 21, 2021, we completed the sale of our Quaker Steak & Lube, or QSL, business for $5,000, excluding costs to sell and certain closing adjustments. See Note 3 of this Quarterly Report on Form 10-Q, or this Quarterly Report, 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. On April 26, 2022, we ceased operations at our only travel center located in a foreign country, Canada, which we did not consider material to our operations. On March 2, 2022, we entered into an agreement to sell our Canadian travel center for C$26,000 (approximately US$20,000), excluding costs to sell and certain closing adjustments. See Note 3 of this Quarterly Report for more information about the potential sale of this travel center. 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, 2021, 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 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 2 input), the aggregate fair value of our Senior Notes on June 30, 2022, was $331,312. Recently Issued Accounting Pronouncement and Other Accounting Matters The following table summarizes recent accounting standard updates, or ASUs, issued by the Financial Accounting Standards Board, or FASB, that could have an impact on our consolidated financial statements. Standard Description Effective Date Effect on the Consolidated Financial Statements Recently Adopted Standards ASU 2021-10 - Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance This update aims to provide increased transparency by requiring business entities to disclose information about certain types of government assistance they receive in the notes to the financial statements. January 1, 2022 This update did not have a material impact on our consolidated financial statements. We are pursuing government grants in connection with our efforts to develop and market alternative energy and sustainable resources. We could provide disclosures in the future if we receive material government assistance within the scope of this update. Recently Issued Standards ASU 2021-01 - Reference Rate Reform (Topic 848) Scope This update clarifies that certain optional expedients and exceptions for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. January 1, 2023 We are currently assessing whether this update will have a material impact on our consolidated financial statements. ASU 2020-04 - Reference Rate Reform (Topic 848) Facilitation of the effects of Reference Rate Reform of Financial Reporting This update provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. January 1, 2023 We are currently assessing whether this update will have a material impact on our consolidated financial statements.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Revenues We recognize revenues based on the consideration specified in the contract with the customer, less estimates for variable consideration (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 travel center 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. Nonfuel revenues disaggregated by type of good or service for the three and six months ended June 30, 2022 and 2021, were as follows: Three Months Ended Six Months Ended 2022 2021 2022 2021 Nonfuel revenues: Store and retail services $ 200,424 $ 194,440 $ 379,964 $ 366,212 Truck service 218,210 194,197 406,594 365,328 Restaurant 86,626 79,938 160,964 153,807 Diesel exhaust fluid 48,102 33,235 92,922 64,377 Total nonfuel revenues $ 553,362 $ 501,810 $ 1,040,444 $ 949,724 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 and other deferred revenues. The following table shows the changes in our contract liabilities between periods. Customer Deferred Franchise Fees and Other Total December 31, 2021 $ 26,120 $ 6,156 $ 32,276 Increases due to unsatisfied performance obligations arising during the period 62,076 1,394 63,470 Revenues recognized from satisfied performance obligations during the period (71,177) (1,791) (72,968) Other 9,390 (430) 8,960 June 30, 2022 $ 26,409 $ 5,329 $ 31,738 As of June 30, 2022, we expect the unsatisfied performance obligations, relating to our customer loyalty programs and other contract liabilities, will generally be satisfied within 12 months. As of June 30, 2022, the deferred initial and renewal franchise fee revenue expected to be recognized in future periods is approximately $500 for each of the years 2022 through 2026.

Acquisition and Disposition Act

Acquisition and Disposition Activity	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition and Disposition Activity	Acquisition and Disposition Activity 2022 Acquisitions On April 1, 2022 , we acquired certain assets of our previously franchised travel center sites in Lexington, Virginia and Raphine, Virginia for total cash consideration of $51,788, inclusive of certain closing costs and other purchase price adjustments, in order to expand our company owned network of travel centers. TA Lexington and Petro Raphine are located along a strategic interstate highway corridor, and had been franchise locations since 2011. We have included the operating results of the acquisition and a preliminary purchase price allocation in our Consolidated Financial Statements beginning on April 1, 2022. The pro forma impact of these acquisitions, including the respective results of operations from the beginning of the periods presented, are not material to our consolidated financial statements. We continue to obtain information to complete the valuation of certain assets and liabilities, and expect to complete these valuations no later than one year from the date of acquisition. We will make adjustments to the fair values of the identifiable assets acquired and liabilities assumed as those valuations are finalized. We do not expect these adjustments to be material. As of June 30, 2022, the following table summarizes the preliminary fair values we recorded for the assets acquired and liabilities assumed. The intangible assets, net figure represents a reacquired franchise right with a weighted average amortization period of approximately four years based on the contractual lives of the applicable franchise agreements. Preliminary Fair Value Cash and cash equivalents $ 46 Inventory 2,849 Property and equipment, net 45,654 Intangible assets, net 3,022 Other current and non-current liabilities (123) Total assets acquired and liabilities assumed $ 51,448 During the second quarter of 2022, we also acquired one standalone truck service facility in Stewartsville, New Jersey and assumed operation of a travel center located in Montgomery, Alabama, which is owned by us, but which was previously leased and franchised by us to a former tenant/franchisee. In connection with such assumption, we purchased from the former tenant/franchisee certain assets used in connection with the operation of the travel center. The aggregate amount of the assets purchased for both transactions was $2,435 in cash. On July 8, 2022, we assumed operation of a travel center located in Sweetwater, Texas, which is owned by us, but which was previously leased and franchised by us to a former tenant/franchisee. In connection with such assumption, we purchased from the former tenant/franchisee for an immaterial amount certain assets used in connection with the operation of the travel center. On July 27, 2022, we acquired the assets of a previously franchised travel center site in Oak Grove, Missouri for total cash consideration of $15,349, inclusive of certain closing costs and other purchase price adjustments, in order to expand our company owned network of travel centers. Operating results of the acquisition will be included in our Consolidated Financial Statements beginning on July 27, 2022. We are in the process of determining the fair value of certain identifiable assets, and the purchase price allocation will be completed with finalization of these valuations in future quarters. 2022 Disposition Activity On March 2, 2022, we entered into an agreement to sell our travel center located in the city of Woodstock, Ontario, Canada, or Woodstock, which we stopped operating in April 2022, for C$26,000 (approximately US$20,000), excluding costs to sell and certain closing adjustments. We classified certain Woodstock assets as held for sale as of March 31, 2022, because the circumstances met the applicable criteria for that treatment as set forth in FASB Accounting Standards Codification 360, Property, Plant, and Equipment. As of June 30, 2022, the held for sale assets and liabilities consisted of inventory of $198, property and equipment, net of $1,756 and other current liabilities of $626. We do not believe that this potential sale represents a strategic shift in our business, and we do not consider the Canadian travel center to be material to our operations. We expect this sale to close by December 31, 2022; however, it is subject to certain conditions. Accordingly, we cannot be certain that we will complete this sale, that this sale will not be delayed or that the terms will not change. In connection with the closure of the travel center in April 2022, during the six months ended June 30, 2022, we recognized expenses of $375 for employee termination benefits, which were paid during the second quarter of 2022, and $630 related to environmental remediation. These expenses were included in site level operating expense in our consolidated statements of operations and comprehensive income. 2021 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 did not treat the sale of QSL as a discontinued operation, as we concluded that its effect was not material and did not represent a strategic shift in our business. As of the date of sale, 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 June 30, 2021, we recognized a $606 loss on the sale of QSL, which was included in other operating income, net in our consolidated statements of operations and comprehensive income. During the first quarter of 2021, we recorded impairment charges of $650, primarily resulting from the change in fair value of underlying assets sold,

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Stockholders' Equity	Stockholders' Equity The following table presents a reconciliation of net income attributable to common stockholders to net income available to common stockholders and the related earnings per share of common stock for the three and six months ended June 30, 2022 and 2021. Three Months Ended Six Months Ended 2022 2021 2022 2021 Net income attributable to common stockholders $ 63,980 $ 29,356 $ 80,284 $ 23,537 Less: net income attributable to participating securities 1,987 667 2,506 545 Net income available to common stockholders $ 61,993 $ 28,689 $ 77,778 $ 22,992 Weighted average shares of common stock (1) 14,380 14,236 14,376 14,232 Basic and diluted net income per share of common stock attributable to common stockholders $ 4.31 $ 2.02 $ 5.41 $ 1.62 (1) Excludes unvested shares of common stock awarded under our share award plans, in 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, 2022 and 2021, was 461 and 331, respectively. The weighted average number of unvested shares of common stock outstanding for the six months ended June 30, 2022 and 2021, was 463 and 337, respectively.

Leasing Transactions

Leasing Transactions	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leasing Transactions	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, 2022, 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 and one ground lease pursuant to one SVC lease were classified as finance leases. Finance lease assets were included in other noncurrent assets other current liabilities other noncurrent liabilities Leasing Agreements with SVC As of June 30, 2022, we leased from SVC a total of 179 properties under five leases. We refer to these five leases collectively as the SVC Leases. The SVC Leases expire between 2029 and 2035, subject to our right to extend those leases. We have two renewal options of 15 years under each of the SVC Leases. On March 9, 2021, we and SVC amended one of the SVC Leases to reflect the renewal of a third party ground lease at one of the 179 travel center properties that we lease from SVC. This ground lease, which was previously accounted for as an operating lease, is now accounted for as a finance lease. As a result of this ground lease modification, 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 sheets in the first quarter of 2021. We recognized total real estate rent expense under the SVC Leases of $64,300 and $61,057 for the three months ended June 30, 2022 and 2021, respectively, and $128,207 and $122,060 for the six months ended June 30, 2022 and 2021, respectively. Included in these rent expense amounts are percentage rent payable of $2,839 and $1,591 for the three months ended June 30, 2022 and 2021, respectively, and $5,338 and $2,977 for the six months ended June 30, 2022 and 2021, respectively, which 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 and $8,807 for the three and six month periods, respectively, and adjustments to record minimum annual rent on a straight line basis over the terms of the leases and estimated future payments by us for the cost of removing underground storage tanks on a straight line basis. As of June 30, 2022, the estimated future payments related to these underground storage tanks were $26,421 and are recorded in other noncurrent liabilities on our consolidated balance sheets. The remaining balance of our deferred rent obligations was $13,211 as of June 30, 2022 and is scheduled to be fully paid by January 31, 2023. As of June 30, 2022, our aggregate annual minimum rent payable to SVC under the SVC Leases was $243,914. 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 and six months ended June 30, 2022 and 2021. 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 $481 and $517 for the three months ended June 30, 2022 and 2021, respectively, and $904 and $1,003 for the six months ended June 30, 2022 and 2021, respectively. Lease Costs Our lease costs are included in various balances in our consolidated statements of operations and comprehensive income, as shown in the following tables. For the three and six months ended June 30, 2022 and 2021, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2022 2021 Operating lease costs: SVC Leases Real estate rent expense $ 60,964 $ 58,952 Operating lease costs: other Real estate rent expense 629 2,398 Variable lease costs: SVC Leases Real estate rent expense 3,336 2,105 Variable lease costs: other Real estate rent expense 224 156 Total real estate rent expense 65,153 63,611 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 993 776 Financing lease costs: equipment and other Site level operating expense 63 77 Short-term lease costs Site level operating expense and selling, general and administrative expense 107 175 Amortization of finance lease assets: Depreciation and amortization expense 553 553 Amortization of finance lease assets: other Depreciation and amortization expense 831 409 Interest on finance lease liabilities: Interest expense, net 294 308 Interest on finance lease liabilities: other Interest expense, net 173 108 Sublease income Nonfuel revenues (481) (517) Net lease costs $ 67,686 $ 65,500 Classification in our Consolidated Six Months Ended 2022 2021 Operating lease costs: SVC Leases Real estate rent expense $ 121,928 $ 118,089 Operating lease costs: other Real estate rent expense 1,181 5,082 Variable lease costs: SVC Leases Real estate rent expense 6,279 3,971 Variable lease costs: other Real estate rent expense 411 338 Total real estate rent expense 129,799 127,480 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 1,935 1,622 Financing lease costs: equipment and other Site level operating expense 237 99 Short-term lease costs Site level operating expense and selling, general and administrative expense 212 342 Amortization of finance lease assets: Depreciation and amortization expense 1,106 737 Amortization of finance lease assets: other Depreciation and amortization expense 1,588 659 Interest on finance lease liabilities: Interest expense, net 592 411 Interest on finance lease liabilities: other Interest expense, net 337 189 Sublease income Nonfuel revenues (904) (1,003) Net lease costs $ 134,902 $ 130,536 Lease Assets and Liabilities As of June 30, 2022 and December 31, 2021, our operating lease assets and liabilities consisted of the following: June 30, December 31, Operating lease assets: SVC Leases $ 1,606,057 $ 1,649,142 Other 17,763 10,384 Total operating lease assets $ 1,623,820 $ 1,659,526 Current operating lease liabilities: SVC Leases $ 114,767 $ 114,372 Other 4,315 3,633 Total current operating lease liabilities $ 119,082 $ 118,005 Noncurrent operating lease liabilities: SVC Leases $ 1,592,022 $ 1,648,112 Other 14,009 7,247 Total noncurrent operating lease liabilities $ 1,606,031 $ 1,655,359 During the six months ended June 30, 2022 and 2021, we paid $140,742 and $139,113, respectively, for amounts that had been included in the measurement of our operating lease liabilities. As of June 30, 2022 and December 31, 2021, our finance lease assets and liabilities consisted of the following: June 30, December 31, Finance lease assets: SVC Leases $ 25,436 $ 26,542 Other 16,963 15,781 Total finance lease assets $ 42,399 $ 42,323 Current finance lease liabilities: SVC Leases $ 1,578 $ 1,517 Other 3,287 2,814 Total current finance lease liabilities $ 4,865 $ 4,331 Noncurrent finance lease liabilities: SVC Leases $ 25,218 $ 25,974 Other 14,160 13,240 Total noncurrent finance lease liabilities $ 39,378 $ 39,214 During the six months ended June 30, 2022 and 2021, we paid $2,152 and $987, respectively, for amounts that had been included in the measurement of our finance lease liabilities. Lease Maturities and Other Information Maturities of our operating lease liabilities that had remaining noncancelable lease terms in excess of one year as of June 30, 2022, were as follows: SVC Leases Other Total Years ended December 31: 2022 $ 134,504 $ 2,716 $ 137,220 2023 255,469 3,859 259,328 2024 251,295 2,773 254,068 2025 251,283 2,683 253,966 2026 251,278 2,385 253,663 Thereafter 1,538,649 6,356 1,545,005 Total operating lease payments 2,682,478 20,772 2,703,250 Less: present value discount (1) (975,689) (2,448) (978,137) Present value of operating lease liabilities $ 1,706,789 $ 18,324 $ 1,725,113 (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. The weighted average remaining lease term for our operating leases as of June 30, 2022, was approximately 11 years. Our weighted average discount rate for our operating leases as of June 30, 2022, was approximately 9.1%. Maturities of the financing lease liabilities related to the amended SVC lease noted above that had remaining noncancelable lease terms in excess of one year as of June 30, 2022, were as follows: SVC Lease Other Total Years ended December 31: 2022 $ 1,304 $ 1,942 $ 3,246 2023 2,656 3,884 6,540 2024 2,722 3,442 6,164 2025 2,790 3,042 5,832 2026 2,860 3,025 5,885 Thereafter 22,126 4,176 26,302 Total financing lease payments 34,458 19,511 53,969 Less: present value discount (1) (7,662) (2,064) (9,726) Present value of financing lease liabilities $ 26,796 $ 17,447 $ 44,243 (1) The discount rate used to derive the present value of unpaid lease payments is based on our incremental borrowing rate. The weighted average remaining lease term for our finance leases as of June 30, 2022, was approximately 9 years. Our weighted average discount rate for our finance leases as of June 30, 2022, was approximately 4.3%. As a Lessor We leased one travel center to a franchisee as of June 30, 2022, and two travel centers to franchisees as of June 30, 2021. Rent revenues from these operating leases totaled $595 and $584 for the three months ended June 30, 2022 and 2021, respectively, and $1,190 and $1,168 for the six months ended June 30, 2022 and 2021, respectively. We acquired the operating assets of these franchisee-operated travel centers in the second and third quarters of 2022. See Note 3 of this Quarterly Report
Leasing Transactions	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, 2022, 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 and one ground lease pursuant to one SVC lease were classified as finance leases. Finance lease assets were included in other noncurrent assets other current liabilities other noncurrent liabilities Leasing Agreements with SVC As of June 30, 2022, we leased from SVC a total of 179 properties under five leases. We refer to these five leases collectively as the SVC Leases. The SVC Leases expire between 2029 and 2035, subject to our right to extend those leases. We have two renewal options of 15 years under each of the SVC Leases. On March 9, 2021, we and SVC amended one of the SVC Leases to reflect the renewal of a third party ground lease at one of the 179 travel center properties that we lease from SVC. This ground lease, which was previously accounted for as an operating lease, is now accounted for as a finance lease. As a result of this ground lease modification, 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 sheets in the first quarter of 2021. We recognized total real estate rent expense under the SVC Leases of $64,300 and $61,057 for the three months ended June 30, 2022 and 2021, respectively, and $128,207 and $122,060 for the six months ended June 30, 2022 and 2021, respectively. Included in these rent expense amounts are percentage rent payable of $2,839 and $1,591 for the three months ended June 30, 2022 and 2021, respectively, and $5,338 and $2,977 for the six months ended June 30, 2022 and 2021, respectively, which 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 and $8,807 for the three and six month periods, respectively, and adjustments to record minimum annual rent on a straight line basis over the terms of the leases and estimated future payments by us for the cost of removing underground storage tanks on a straight line basis. As of June 30, 2022, the estimated future payments related to these underground storage tanks were $26,421 and are recorded in other noncurrent liabilities on our consolidated balance sheets. The remaining balance of our deferred rent obligations was $13,211 as of June 30, 2022 and is scheduled to be fully paid by January 31, 2023. As of June 30, 2022, our aggregate annual minimum rent payable to SVC under the SVC Leases was $243,914. 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 and six months ended June 30, 2022 and 2021. 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 $481 and $517 for the three months ended June 30, 2022 and 2021, respectively, and $904 and $1,003 for the six months ended June 30, 2022 and 2021, respectively. Lease Costs Our lease costs are included in various balances in our consolidated statements of operations and comprehensive income, as shown in the following tables. For the three and six months ended June 30, 2022 and 2021, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2022 2021 Operating lease costs: SVC Leases Real estate rent expense $ 60,964 $ 58,952 Operating lease costs: other Real estate rent expense 629 2,398 Variable lease costs: SVC Leases Real estate rent expense 3,336 2,105 Variable lease costs: other Real estate rent expense 224 156 Total real estate rent expense 65,153 63,611 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 993 776 Financing lease costs: equipment and other Site level operating expense 63 77 Short-term lease costs Site level operating expense and selling, general and administrative expense 107 175 Amortization of finance lease assets: Depreciation and amortization expense 553 553 Amortization of finance lease assets: other Depreciation and amortization expense 831 409 Interest on finance lease liabilities: Interest expense, net 294 308 Interest on finance lease liabilities: other Interest expense, net 173 108 Sublease income Nonfuel revenues (481) (517) Net lease costs $ 67,686 $ 65,500 Classification in our Consolidated Six Months Ended 2022 2021 Operating lease costs: SVC Leases Real estate rent expense $ 121,928 $ 118,089 Operating lease costs: other Real estate rent expense 1,181 5,082 Variable lease costs: SVC Leases Real estate rent expense 6,279 3,971 Variable lease costs: other Real estate rent expense 411 338 Total real estate rent expense 129,799 127,480 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 1,935 1,622 Financing lease costs: equipment and other Site level operating expense 237 99 Short-term lease costs Site level operating expense and selling, general and administrative expense 212 342 Amortization of finance lease assets: Depreciation and amortization expense 1,106 737 Amortization of finance lease assets: other Depreciation and amortization expense 1,588 659 Interest on finance lease liabilities: Interest expense, net 592 411 Interest on finance lease liabilities: other Interest expense, net 337 189 Sublease income Nonfuel revenues (904) (1,003) Net lease costs $ 134,902 $ 130,536 Lease Assets and Liabilities As of June 30, 2022 and December 31, 2021, our operating lease assets and liabilities consisted of the following: June 30, December 31, Operating lease assets: SVC Leases $ 1,606,057 $ 1,649,142 Other 17,763 10,384 Total operating lease assets $ 1,623,820 $ 1,659,526 Current operating lease liabilities: SVC Leases $ 114,767 $ 114,372 Other 4,315 3,633 Total current operating lease liabilities $ 119,082 $ 118,005 Noncurrent operating lease liabilities: SVC Leases $ 1,592,022 $ 1,648,112 Other 14,009 7,247 Total noncurrent operating lease liabilities $ 1,606,031 $ 1,655,359 During the six months ended June 30, 2022 and 2021, we paid $140,742 and $139,113, respectively, for amounts that had been included in the measurement of our operating lease liabilities. As of June 30, 2022 and December 31, 2021, our finance lease assets and liabilities consisted of the following: June 30, December 31, Finance lease assets: SVC Leases $ 25,436 $ 26,542 Other 16,963 15,781 Total finance lease assets $ 42,399 $ 42,323 Current finance lease liabilities: SVC Leases $ 1,578 $ 1,517 Other 3,287 2,814 Total current finance lease liabilities $ 4,865 $ 4,331 Noncurrent finance lease liabilities: SVC Leases $ 25,218 $ 25,974 Other 14,160 13,240 Total noncurrent finance lease liabilities $ 39,378 $ 39,214 During the six months ended June 30, 2022 and 2021, we paid $2,152 and $987, respectively, for amounts that had been included in the measurement of our finance lease liabilities. Lease Maturities and Other Information Maturities of our operating lease liabilities that had remaining noncancelable lease terms in excess of one year as of June 30, 2022, were as follows: SVC Leases Other Total Years ended December 31: 2022 $ 134,504 $ 2,716 $ 137,220 2023 255,469 3,859 259,328 2024 251,295 2,773 254,068 2025 251,283 2,683 253,966 2026 251,278 2,385 253,663 Thereafter 1,538,649 6,356 1,545,005 Total operating lease payments 2,682,478 20,772 2,703,250 Less: present value discount (1) (975,689) (2,448) (978,137) Present value of operating lease liabilities $ 1,706,789 $ 18,324 $ 1,725,113 (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. The weighted average remaining lease term for our operating leases as of June 30, 2022, was approximately 11 years. Our weighted average discount rate for our operating leases as of June 30, 2022, was approximately 9.1%. Maturities of the financing lease liabilities related to the amended SVC lease noted above that had remaining noncancelable lease terms in excess of one year as of June 30, 2022, were as follows: SVC Lease Other Total Years ended December 31: 2022 $ 1,304 $ 1,942 $ 3,246 2023 2,656 3,884 6,540 2024 2,722 3,442 6,164 2025 2,790 3,042 5,832 2026 2,860 3,025 5,885 Thereafter 22,126 4,176 26,302 Total financing lease payments 34,458 19,511 53,969 Less: present value discount (1) (7,662) (2,064) (9,726) Present value of financing lease liabilities $ 26,796 $ 17,447 $ 44,243 (1) The discount rate used to derive the present value of unpaid lease payments is based on our incremental borrowing rate. The weighted average remaining lease term for our finance leases as of June 30, 2022, was approximately 9 years. Our weighted average discount rate for our finance leases as of June 30, 2022, was approximately 4.3%. As a Lessor We leased one travel center to a franchisee as of June 30, 2022, and two travel centers to franchisees as of June 30, 2021. Rent revenues from these operating leases totaled $595 and $584 for the three months ended June 30, 2022 and 2021, respectively, and $1,190 and $1,168 for the six months ended June 30, 2022 and 2021, respectively. We acquired the operating assets of these franchisee-operated travel centers in the second and third quarters of 2022. See Note 3 of this Quarterly Report

Business Management Agreement w

Business Management Agreement with RMR	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
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 o f $4,249 and $3,661 for the three months ended June 30, 2022 and 2021, respectively, and $7,888 and $6,596 for the six months ended June 30, 2022 and 2021, respectively. These amounts are included in selling, general and administrative expense in our consolidated statements of operations and comprehensive income. For more information about our relationship with RMR, see Note 7 of this Quarterly Report and Note 12 of our Annual Report. 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., the chair of the board of directors, a managing director, 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 board and as a managing director or managing trustee of these public companies, including SVC. 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, 2022, Mr. Portnoy beneficially owned (including indirectly through RMR) 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 June 30, 2022, SVC owned approximately 8.0% of our outstanding shares of common stock. As of June 30, 2022, we leased from SVC a total of 179 travel center properties under the SVC Leases. See Note 5 of this Quarterly Report for more information about our lease agreements with 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 of this Quarterly Report for more information about our business management agreement with RMR. Sale of Property In May 2021, we sold a property located in Mesquite, Texas to Industrial Logistics Properties Trust, or ILPT, for a sales price of $2,200, excluding selling costs of $15. RMR provides management services to ILPT and Mr. Portnoy serves as the chair of the board of trustees and as a managing trustee of ILPT. The gain on sale of assets of $1,504 was included in other operating income, net for the three and six months ended June 30, 2021. For more information about these and other such relationships and certain other related person transactions, see our Annual Report.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	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 o f $4,249 and $3,661 for the three months ended June 30, 2022 and 2021, respectively, and $7,888 and $6,596 for the six months ended June 30, 2022 and 2021, respectively. These amounts are included in selling, general and administrative expense in our consolidated statements of operations and comprehensive income. For more information about our relationship with RMR, see Note 7 of this Quarterly Report and Note 12 of our Annual Report. 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., the chair of the board of directors, a managing director, 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 board and as a managing director or managing trustee of these public companies, including SVC. 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, 2022, Mr. Portnoy beneficially owned (including indirectly through RMR) 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 June 30, 2022, SVC owned approximately 8.0% of our outstanding shares of common stock. As of June 30, 2022, we leased from SVC a total of 179 travel center properties under the SVC Leases. See Note 5 of this Quarterly Report for more information about our lease agreements with 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 of this Quarterly Report for more information about our business management agreement with RMR. Sale of Property In May 2021, we sold a property located in Mesquite, Texas to Industrial Logistics Properties Trust, or ILPT, for a sales price of $2,200, excluding selling costs of $15. RMR provides management services to ILPT and Mr. Portnoy serves as the chair of the board of trustees and as a managing trustee of ILPT. The gain on sale of assets of $1,504 was included in other operating income, net for the three and six months ended June 30, 2021. For more information about these and other such relationships and certain other related person transactions, see our Annual Report.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2022
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. Investigation and remediation of both surface spills and subsurface releases is handled by contracted third party consultants and managed by TA's Environmental Department. 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. As of June 30, 2022, we accrued a current liability of $2,685, of which $626 related to the potential sale of our travel center located in Canada, and a noncurrent liability of $1,108 for environmental matters as well as a receivable, which is recorded in noncurrent assets in our consolidated balances sheets, for expected recoveries of certain of these estimated future expenditures of $868, resulting in an estimated net amount of $2,925 that we expect to fund in the future. See Note 3 of this Quarterly Report for more information about the potential sale of our travel center in Canada. 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 2024 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	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory as of June 30, 2022 and December 31, 2021, consisted of the following: June 30, December 31, Nonfuel products $ 185,999 $ 146,313 Fuel products 65,609 45,530 Total inventory $ 251,608 $ 191,843

Equity Investments

Equity Investments	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments	Equity InvestmentsQuikQ, an independent full service fuel payment solutions provider, is a joint venture between us and Love's Travel Stops & Country Stores, Inc. On April 30, 2021, we reduced our ownership in Epona, LLC, owner of QuikQ, from 50% to less than 50%, for which a pre-tax loss of $1,826 was recognized in other (income) expense, net in our consolidated statements of operations and comprehensive income during the three months ended June 30, 2021. The investment will continue to be accounted for under the equity method.

Business Description and Basi_2

Business Description and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
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. On April 26, 2022, we ceased operations at our only travel center located in a foreign country, Canada, which we did 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, 2021, 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 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 The following table summarizes recent accounting standard updates, or ASUs, issued by the Financial Accounting Standards Board, or FASB, that could have an impact on our consolidated financial statements. Standard Description Effective Date Effect on the Consolidated Financial Statements Recently Adopted Standards ASU 2021-10 - Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance This update aims to provide increased transparency by requiring business entities to disclose information about certain types of government assistance they receive in the notes to the financial statements. January 1, 2022 This update did not have a material impact on our consolidated financial statements. We are pursuing government grants in connection with our efforts to develop and market alternative energy and sustainable resources. We could provide disclosures in the future if we receive material government assistance within the scope of this update. Recently Issued Standards ASU 2021-01 - Reference Rate Reform (Topic 848) Scope This update clarifies that certain optional expedients and exceptions for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. January 1, 2023 We are currently assessing whether this update will have a material impact on our consolidated financial statements. ASU 2020-04 - Reference Rate Reform (Topic 848) Facilitation of the effects of Reference Rate Reform of Financial Reporting This update provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. January 1, 2023 We are currently assessing whether this update will have a material impact on our consolidated financial statements.
Revenue Recognition	We recognize revenues based on the consideration specified in the contract with the customer, less estimates for variable consideration (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 travel center 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.

Business Description and Basi_3

Business Description and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Recently Adopted Standards and Recently Issued Standards	The following table summarizes recent accounting standard updates, or ASUs, issued by the Financial Accounting Standards Board, or FASB, that could have an impact on our consolidated financial statements. Standard Description Effective Date Effect on the Consolidated Financial Statements Recently Adopted Standards ASU 2021-10 - Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance This update aims to provide increased transparency by requiring business entities to disclose information about certain types of government assistance they receive in the notes to the financial statements. January 1, 2022 This update did not have a material impact on our consolidated financial statements. We are pursuing government grants in connection with our efforts to develop and market alternative energy and sustainable resources. We could provide disclosures in the future if we receive material government assistance within the scope of this update. Recently Issued Standards ASU 2021-01 - Reference Rate Reform (Topic 848) Scope This update clarifies that certain optional expedients and exceptions for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. January 1, 2023 We are currently assessing whether this update will have a material impact on our consolidated financial statements. ASU 2020-04 - Reference Rate Reform (Topic 848) Facilitation of the effects of Reference Rate Reform of Financial Reporting This update provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. January 1, 2023 We are currently assessing whether this update will have a material impact on our consolidated financial statements.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 and 2021, were as follows: Three Months Ended Six Months Ended 2022 2021 2022 2021 Nonfuel revenues: Store and retail services $ 200,424 $ 194,440 $ 379,964 $ 366,212 Truck service 218,210 194,197 406,594 365,328 Restaurant 86,626 79,938 160,964 153,807 Diesel exhaust fluid 48,102 33,235 92,922 64,377 Total nonfuel revenues $ 553,362 $ 501,810 $ 1,040,444 $ 949,724
Changes in contract liabilities between periods	The following table shows the changes in our contract liabilities between periods. Customer Deferred Franchise Fees and Other Total December 31, 2021 $ 26,120 $ 6,156 $ 32,276 Increases due to unsatisfied performance obligations arising during the period 62,076 1,394 63,470 Revenues recognized from satisfied performance obligations during the period (71,177) (1,791) (72,968) Other 9,390 (430) 8,960 June 30, 2022 $ 26,409 $ 5,329 $ 31,738

Acquisition and Disposition A_2

Acquisition and Disposition Activity (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of assets acquired and liabilities assumed	As of June 30, 2022, the following table summarizes the preliminary fair values we recorded for the assets acquired and liabilities assumed. The intangible assets, net figure represents a reacquired franchise right with a weighted average amortization period of approximately four years based on the contractual lives of the applicable franchise agreements. Preliminary Fair Value Cash and cash equivalents $ 46 Inventory 2,849 Property and equipment, net 45,654 Intangible assets, net 3,022 Other current and non-current liabilities (123) Total assets acquired and liabilities assumed $ 51,448

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Reconciliation of net (loss) income attributable to common stockholders to net (loss) income available to common stockholders	The following table presents a reconciliation of net income attributable to common stockholders to net income available to common stockholders and the related earnings per share of common stock for the three and six months ended June 30, 2022 and 2021. Three Months Ended Six Months Ended 2022 2021 2022 2021 Net income attributable to common stockholders $ 63,980 $ 29,356 $ 80,284 $ 23,537 Less: net income attributable to participating securities 1,987 667 2,506 545 Net income available to common stockholders $ 61,993 $ 28,689 $ 77,778 $ 22,992 Weighted average shares of common stock (1) 14,380 14,236 14,376 14,232 Basic and diluted net income per share of common stock attributable to common stockholders $ 4.31 $ 2.02 $ 5.41 $ 1.62 (1) Excludes unvested shares of common stock awarded under our share award plans, in 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, 2022 and 2021, was 461 and 331, respectively. The weighted average number of unvested shares of common stock outstanding for the six months ended June 30, 2022 and 2021, was 463 and 337, respectively.

Leasing Transactions (Tables)

Leasing Transactions (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of lease costs as a lessee	For the three and six months ended June 30, 2022 and 2021, our lease costs consisted of the following: Classification in our Consolidated Three Months Ended 2022 2021 Operating lease costs: SVC Leases Real estate rent expense $ 60,964 $ 58,952 Operating lease costs: other Real estate rent expense 629 2,398 Variable lease costs: SVC Leases Real estate rent expense 3,336 2,105 Variable lease costs: other Real estate rent expense 224 156 Total real estate rent expense 65,153 63,611 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 993 776 Financing lease costs: equipment and other Site level operating expense 63 77 Short-term lease costs Site level operating expense and selling, general and administrative expense 107 175 Amortization of finance lease assets: Depreciation and amortization expense 553 553 Amortization of finance lease assets: other Depreciation and amortization expense 831 409 Interest on finance lease liabilities: Interest expense, net 294 308 Interest on finance lease liabilities: other Interest expense, net 173 108 Sublease income Nonfuel revenues (481) (517) Net lease costs $ 67,686 $ 65,500 Classification in our Consolidated Six Months Ended 2022 2021 Operating lease costs: SVC Leases Real estate rent expense $ 121,928 $ 118,089 Operating lease costs: other Real estate rent expense 1,181 5,082 Variable lease costs: SVC Leases Real estate rent expense 6,279 3,971 Variable lease costs: other Real estate rent expense 411 338 Total real estate rent expense 129,799 127,480 Operating lease costs: equipment and other Site level operating expense and selling, general and administrative expense 1,935 1,622 Financing lease costs: equipment and other Site level operating expense 237 99 Short-term lease costs Site level operating expense and selling, general and administrative expense 212 342 Amortization of finance lease assets: Depreciation and amortization expense 1,106 737 Amortization of finance lease assets: other Depreciation and amortization expense 1,588 659 Interest on finance lease liabilities: Interest expense, net 592 411 Interest on finance lease liabilities: other Interest expense, net 337 189 Sublease income Nonfuel revenues (904) (1,003) Net lease costs $ 134,902 $ 130,536
Schedule of operating lease assets and liabilities	As of June 30, 2022 and December 31, 2021, our operating lease assets and liabilities consisted of the following: June 30, December 31, Operating lease assets: SVC Leases $ 1,606,057 $ 1,649,142 Other 17,763 10,384 Total operating lease assets $ 1,623,820 $ 1,659,526 Current operating lease liabilities: SVC Leases $ 114,767 $ 114,372 Other 4,315 3,633 Total current operating lease liabilities $ 119,082 $ 118,005 Noncurrent operating lease liabilities: SVC Leases $ 1,592,022 $ 1,648,112 Other 14,009 7,247 Total noncurrent operating lease liabilities $ 1,606,031 $ 1,655,359
Schedule of finance lease assets and liabilities	As of June 30, 2022 and December 31, 2021, our finance lease assets and liabilities consisted of the following: June 30, December 31, Finance lease assets: SVC Leases $ 25,436 $ 26,542 Other 16,963 15,781 Total finance lease assets $ 42,399 $ 42,323 Current finance lease liabilities: SVC Leases $ 1,578 $ 1,517 Other 3,287 2,814 Total current finance lease liabilities $ 4,865 $ 4,331 Noncurrent finance lease liabilities: SVC Leases $ 25,218 $ 25,974 Other 14,160 13,240 Total noncurrent finance lease liabilities $ 39,378 $ 39,214
Schedule of maturities of operating lease liabilities	Maturities of our operating lease liabilities that had remaining noncancelable lease terms in excess of one year as of June 30, 2022, were as follows: SVC Leases Other Total Years ended December 31: 2022 $ 134,504 $ 2,716 $ 137,220 2023 255,469 3,859 259,328 2024 251,295 2,773 254,068 2025 251,283 2,683 253,966 2026 251,278 2,385 253,663 Thereafter 1,538,649 6,356 1,545,005 Total operating lease payments 2,682,478 20,772 2,703,250 Less: present value discount (1) (975,689) (2,448) (978,137) Present value of operating lease liabilities $ 1,706,789 $ 18,324 $ 1,725,113 (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.
Schedule of maturities of finance lease liabilities	Maturities of the financing lease liabilities related to the amended SVC lease noted above that had remaining noncancelable lease terms in excess of one year as of June 30, 2022, were as follows: SVC Lease Other Total Years ended December 31: 2022 $ 1,304 $ 1,942 $ 3,246 2023 2,656 3,884 6,540 2024 2,722 3,442 6,164 2025 2,790 3,042 5,832 2026 2,860 3,025 5,885 Thereafter 22,126 4,176 26,302 Total financing lease payments 34,458 19,511 53,969 Less: present value discount (1) (7,662) (2,064) (9,726) Present value of financing lease liabilities $ 26,796 $ 17,447 $ 44,243 (1) The discount rate used to derive the present value of unpaid lease payments is based on our incremental borrowing rate.

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Schedule of inventory	Inventory as of June 30, 2022 and December 31, 2021, consisted of the following: June 30, December 31, Nonfuel products $ 185,999 $ 146,313 Fuel products 65,609 45,530 Total inventory $ 251,608 $ 191,843

Business Description and Basi_4

Business Description and Basis of Presentation - General Information and Basis of Presentation (Details) $ in Thousands, $ in Thousands		6 Months Ended
	Apr. 21, 2021 USD ($)	Jun. 30, 2022 USD ($) truck_service_facility state store segment travel_center restaurant	Jul. 08, 2022 travel_center	Mar. 02, 2022 USD ($)	Mar. 02, 2022 CAD ($)
Accounting Policies [Abstract]
Number of reportable segments | segment		1
Real Estate Properties [Line Items]
Number of sites | store		282
Number of reportable segments | segment		1
Disposed of by sale
Real Estate Properties [Line Items]
Aggregate sales price | $		$ 626
Held-for-sale | WoodStock
Real Estate Properties [Line Items]
Aggregate sales price				$ 20,000	$ 26,000
Travel centers
Real Estate Properties [Line Items]
Number of states | state		44
Travel centers | Company operated sites
Real Estate Properties [Line Items]
Number of sites		234
Number of sites owned		52
Number of sites leased		181
Number of sites operated under joint venture		2
Travel centers | Company operated sites | Subsequent event
Real Estate Properties [Line Items]
Number of sites			235
Travel centers | Franchisee operated sites
Real Estate Properties [Line Items]
Number of sites		42
Number of sites owned by franchisees or leased from others		41
Travel centers | Franchisee operated sites | Subsequent event
Real Estate Properties [Line Items]
Number of sites			41
Travel centers | TA, TA Express and Petro brands
Real Estate Properties [Line Items]
Number of sites		276
Truck service facilities | TA Truck Service brand
Real Estate Properties [Line Items]
Number of sites | truck_service_facility		5
Number of sites owned | truck_service_facility		2
Number of sites leased | truck_service_facility		3
Restaurants | Disposed of by sale | QSL brand
Real Estate Properties [Line Items]
Number of sites | restaurant		41
Number of states | state		11
Purchase price | $	$ 5,000

Business Description and Basi_5

Business Description and Basis of Presentation - Senior Notes (Details) - Senior Notes	Jun. 30, 2022 USD ($)
Level 1 input
Debt Instrument [Line Items]
Fair value of long term debt	$ 331,312,000
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%
8.00% Senior Notes due 2030
Debt Instrument [Line Items]
Aggregate principal amount issued	$ 100,000,000
Interest rate (as a percent)	8%

Revenues - Disaggregation of No

Revenues - Disaggregation of Nonfuel Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total nonfuel revenues	$ 3,079,048	$ 1,834,280	$ 5,376,120	$ 3,363,376
Store and retail services
Disaggregation of Revenue [Line Items]
Total nonfuel revenues	200,424	194,440	379,964	366,212
Truck service
Disaggregation of Revenue [Line Items]
Total nonfuel revenues	218,210	194,197	406,594	365,328
Restaurant
Disaggregation of Revenue [Line Items]
Total nonfuel revenues	86,626	79,938	160,964	153,807
Diesel exhaust fluid
Disaggregation of Revenue [Line Items]
Total nonfuel revenues	48,102	33,235	92,922	64,377
Nonfuel
Disaggregation of Revenue [Line Items]
Total nonfuel revenues	$ 553,362	$ 501,810	$ 1,040,444	$ 949,724

Revenues - Changes in Contract

Revenues - Changes in Contract Liabilities Between Periods (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 32,276
Increases due to unsatisfied performance obligations arising during the period	63,470
Revenues recognized from satisfied performance obligations during the period	(72,968)
Other	8,960
Ending balance	31,738
Customer Loyalty Programs
Movement in Deferred Revenue [Roll Forward]
Beginning balance	26,120
Increases due to unsatisfied performance obligations arising during the period	62,076
Revenues recognized from satisfied performance obligations during the period	(71,177)
Other	9,390
Ending balance	26,409
Deferred Franchise Fees and Other
Movement in Deferred Revenue [Roll Forward]
Beginning balance	6,156
Increases due to unsatisfied performance obligations arising during the period	1,394
Revenues recognized from satisfied performance obligations during the period	(1,791)
Other	(430)
Ending balance	$ 5,329

Revenues - Contract Liabilities

Revenues - Contract Liabilities (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred initial and renewal franchisee fee revenue	$ 500
Customer Loyalty Programs | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing for unsatisfied performance obligations to be satisfied	12 months

Acquisition and Disposition A_3

Acquisition and Disposition Activity - Narrative (Details) $ in Thousands, $ in Thousands				3 Months Ended		6 Months Ended
	Jul. 27, 2022 USD ($)	Apr. 01, 2022 USD ($)	Apr. 21, 2021 USD ($)	Jun. 30, 2022 USD ($) state store restaurant truck_service_facility	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) state store restaurant truck_service_facility	Mar. 02, 2022 USD ($)	Mar. 02, 2022 CAD ($)
Business Acquisition [Line Items]
Number of sites | store				282		282
Held-for-sale | WoodStock
Business Acquisition [Line Items]
Aggregate sales price							$ 20,000	$ 26,000
Inventory				$ 198		$ 198
Property and equipment				1,756		1,756
Other current liabilities				626		626
Expense for termination benefits						375
Environmental remediation expense				630
Disposed of by sale
Business Acquisition [Line Items]
Aggregate sales price				626		$ 626
Disposed of by sale | QSL brand
Business Acquisition [Line Items]
Additional impairment charge				$ 606
Disposed of by sale | QSL brand | Restaurants
Business Acquisition [Line Items]
Number of sites | restaurant				41		41
Purchase price			$ 5,000
Number of states | state				11		11
Disposed of by sale | QSL brand | Restaurants | Depreciation and amortization expense
Business Acquisition [Line Items]
Impairment charge					$ 650
Previously Franchised Travel Center Sites In Virginia
Business Acquisition [Line Items]
Consideration transferred		$ 51,788
Previously Franchised Travel Center Sites In Virginia | Agreements With Franchisees
Business Acquisition [Line Items]
Contractual lives of the franchise agreements.						4 years
Truck Service Facility In Stewartsville, New Jersey
Business Acquisition [Line Items]
Number of sites | truck_service_facility				1		1
Truck Facility In Stewartsville, New Jersey And Travel Center In Montgomery, Alabama
Business Acquisition [Line Items]
Asset acquisition, consideration transferred				$ 2,435
Oak Grove, Missouri Travel Center | Subsequent event
Business Acquisition [Line Items]
Asset acquisition, consideration transferred	$ 15,349

Acquisition and Disposition A_4

Acquisition and Disposition Activity - Assets Acquired and Liabilities Assumed (Details) - Previously Franchised Travel Center Sites In Virginia $ in Thousands	Jun. 30, 2022 USD ($)
Business Acquisition [Line Items]
Cash and cash equivalents	$ 46
Inventory	2,849
Property and equipment, net	45,654
Intangible assets, net	3,022
Other current and non-current liabilities	(123)
Total assets acquired and liabilities assumed	$ 51,448

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income attributable to common stockholders	$ 63,980	$ 29,356	$ 80,284	$ 23,537
Less: net income attributable to participating securities	1,987	667	2,506	545
Net income available to common stockholders basic	61,993	28,689	77,778	22,992
Net income available to common stockholders diluted	$ 61,993	$ 28,689	$ 77,778	$ 22,992
Weighted average shares of common stock - Basic (in shares)	14,380	14,236	14,376	14,232
Weighted average shares of common stock - Diluted (in shares)	14,380	14,236	14,376	14,232
Basic net income per share of common stock attributable to common stockholders (in USD per share)	$ 4.31	$ 2.02	$ 5.41	$ 1.62
Diluted net income per share of common stock attributable to common stockholders (in USD per share)	$ 4.31	$ 2.02	$ 5.41	$ 1.62
Weighted average number of unvested shares of common stock outstanding (in shares)	461	331	463	337

Leasing Transactions - As a Les

Leasing Transactions - As a Lessee (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) lease	Jun. 30, 2021 USD ($)	Dec. 31, 2021	Mar. 09, 2021 lease
Related Party Transaction [Line Items]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other noncurrent assets		Other noncurrent assets
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities		Other current liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities		Other noncurrent liabilities
Amount paid included in measurement of operating lease liabilities | $	$ 140,742	$ 139,113
Amount paid included in measurement of finance lease liabilities | $	$ 2,152	$ 987
Operating lease weighted average remaining lease term (in years)	11 years
Operating lease weighted average discount rate	9.10%
Finance lease weighted average remaining lease term (in years)	9 years
Financing lease weighted average discount rate	4.30%
SVC Leases | SVC | Principal landlord and second largest stockholder
Related Party Transaction [Line Items]
Number of leases | lease	5			1
Lessee, finance lease, number of contracts | lease	1

Leasing Transactions - Leasing

Leasing Transactions - Leasing Agreements with SVC (Details)	3 Months Ended			6 Months Ended
	Jun. 30, 2022 USD ($) renewal_option lease travel_center	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) renewal_option lease travel_center	Jun. 30, 2021 USD ($)	Mar. 09, 2021 lease property
Related Party Transaction [Line Items]
Real estate rent expense	$ 65,153,000	$ 63,611,000		$ 129,799,000	$ 127,480,000
Total operating lease payments	2,703,250,000			2,703,250,000
SVC Leases
Related Party Transaction [Line Items]
Total operating lease payments	2,682,478,000			2,682,478,000
SVC | SVC Leases
Related Party Transaction [Line Items]
Total operating lease payments	$ 26,421,000			$ 26,421,000
SVC | Principal landlord and second largest stockholder | SVC Leases
Related Party Transaction [Line Items]
Number of sites leased	179			179		1
Number of leases | lease	5			5		1
Number of renewal options | renewal_option	2			2
Renewal term (in years)	15 years			15 years
Increase in other noncurrent assets			$ 28,201,000
Increase in other current liabilities			1,158,000
Increase in other noncurrent liabilities			$ 27,046,000
Real estate rent expense	$ 64,300,000	61,057,000		$ 128,207,000	122,060,000
Rent payable	2,839,000	1,591,000		5,338,000	2,977,000
Deferred rent obligation installment payments	4,404,000	4,404,000		8,807,000	8,807,000
Total operating lease payments	243,914,000			243,914,000
Deferred rent obligation	13,211,000			13,211,000
Aggregate selling price of improvements sold	0	0		0	0
Sublease income	$ 481,000	$ 517,000		$ 904,000	$ 1,003,000

Leasing Transactions - Schedule

Leasing Transactions - Schedule of Lease Costs as a Lessee (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lessee, Lease, Description [Line Items]
Real estate rent expense	$ 65,153	$ 63,611	$ 129,799	$ 127,480
Net lease costs	67,686	65,500	134,902	130,536
Real estate rent expense
Lessee, Lease, Description [Line Items]
Net lease costs	65,153	63,611	129,799	127,480
Real estate rent expense | SVC Leases
Lessee, Lease, Description [Line Items]
Real estate rent expense	60,964	58,952	121,928	118,089
Variable lease costs	3,336	2,105	6,279	3,971
Real estate rent expense | Other
Lessee, Lease, Description [Line Items]
Real estate rent expense	629	2,398	1,181	5,082
Variable lease costs	224	156	411	338
Site level operating expense and selling, general and administrative expense
Lessee, Lease, Description [Line Items]
Short-term lease costs	107	175	212	342
Site level operating expense and selling, general and administrative expense | Equipment and other
Lessee, Lease, Description [Line Items]
Real estate rent expense	993	776	1,935	1,622
Site level operating expense | Equipment and other
Lessee, Lease, Description [Line Items]
Variable lease costs	63	77	237	99
Depreciation and amortization expense | SVC Leases
Lessee, Lease, Description [Line Items]
Amortization of finance lease assets	553	553	1,106	737
Depreciation and amortization expense | Other
Lessee, Lease, Description [Line Items]
Amortization of finance lease assets	831	409	1,588	659
Interest expense, net | SVC Leases
Lessee, Lease, Description [Line Items]
Interest on finance lease liabilities	294	308	592	411
Interest expense, net | Other
Lessee, Lease, Description [Line Items]
Interest on finance lease liabilities	173	108	337	189
Nonfuel revenues
Lessee, Lease, Description [Line Items]
Sublease income	$ (481)	$ (517)	$ (904)	$ (1,003)

Leasing Transactions - Schedu_2

Leasing Transactions - Schedule of Operating Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 1,623,820	$ 1,659,526
Current operating lease liabilities	119,082	118,005
Noncurrent operating lease liabilities	1,606,031	1,655,359
SVC Leases
Lessee, Lease, Description [Line Items]
Operating lease assets	1,606,057	1,649,142
Current operating lease liabilities	114,767	114,372
Noncurrent operating lease liabilities	1,592,022	1,648,112
Other
Lessee, Lease, Description [Line Items]
Operating lease assets	17,763	10,384
Current operating lease liabilities	4,315	3,633
Noncurrent operating lease liabilities	$ 14,009	$ 7,247

Leasing Transactions - Schedu_3

Leasing Transactions - Schedule of Finance Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Finance lease assets	$ 42,399	$ 42,323
Current financing lease liabilities	4,865	4,331
Noncurrent financing lease liabilities	39,378	39,214
SVC Leases
Lessee, Lease, Description [Line Items]
Finance lease assets	25,436	26,542
Current financing lease liabilities	1,578	1,517
Noncurrent financing lease liabilities	25,218	25,974
Other
Lessee, Lease, Description [Line Items]
Finance lease assets	16,963	15,781
Current financing lease liabilities	3,287	2,814
Noncurrent financing lease liabilities	$ 14,160	$ 13,240

Leasing Transactions - Schedu_4

Leasing Transactions - Schedule of Maturities of Operating Leases Liabilities (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Lessee, Lease, Description [Line Items]
2022	$ 137,220
2023	259,328
2024	254,068
2025	253,966
2026	253,663
Thereafter	1,545,005
Total operating lease payments	2,703,250
Less: present value discount	(978,137)
Present value of operating lease liabilities	1,725,113
SVC Leases
Lessee, Lease, Description [Line Items]
2022	134,504
2023	255,469
2024	251,295
2025	251,283
2026	251,278
Thereafter	1,538,649
Total operating lease payments	2,682,478
Less: present value discount	(975,689)
Present value of operating lease liabilities	1,706,789
Other
Lessee, Lease, Description [Line Items]
2022	2,716
2023	3,859
2024	2,773
2025	2,683
2026	2,385
Thereafter	6,356
Total operating lease payments	20,772
Less: present value discount	(2,448)
Present value of operating lease liabilities	$ 18,324

Leasing Transactions - Schedu_5

Leasing Transactions - Schedule of Maturities of Financing Lease Liabilities (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Lessee, Lease, Description [Line Items]
2022	$ 3,246
2023	6,540
2024	6,164
2025	5,832
2026	5,885
Thereafter	26,302
Total financing lease payments	53,969
Less: present value discount	(9,726)
Present value of financing lease liabilities	44,243
SVC Leases
Lessee, Lease, Description [Line Items]
2022	1,304
2023	2,656
2024	2,722
2025	2,790
2026	2,860
Thereafter	22,126
Total financing lease payments	34,458
Less: present value discount	(7,662)
Present value of financing lease liabilities	26,796
Other
Lessee, Lease, Description [Line Items]
2022	1,942
2023	3,884
2024	3,442
2025	3,042
2026	3,025
Thereafter	4,176
Total financing lease payments	19,511
Less: present value discount	(2,064)
Present value of financing lease liabilities	$ 17,447

Leasing Transactions - As a L_2

Leasing Transactions - As a Lessor (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) travel_center	Jun. 30, 2021 USD ($) travel_center	Jun. 30, 2022 USD ($) travel_center	Jun. 30, 2021 USD ($) travel_center
Lessor, Lease, Description [Line Items]
Rent revenue | $	$ 595	$ 584	$ 1,190	$ 1,168
Franchised units | Travel centers
Lessor, Lease, Description [Line Items]
Number of sites leased | travel_center	1	2	1	2

Business Management Agreement_2

Business Management Agreement with RMR (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
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	$ 4,249	$ 3,661	$ 7,888	$ 6,596

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - RMR Group LLC - Affiliated entity	Jun. 30, 2022 director
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	1
Percentage of outstanding shares of common stock owned	4.50%

Related Party Transactions - Re

Related Party Transactions - Relationship with SVC (Details) - SVC - Principal landlord and second largest stockholder	Jun. 30, 2022 travel_center	Mar. 09, 2021 property
Related Party Transaction [Line Items]
Percentage of outstanding shares of common stock owned	8%
SVC Leases
Related Party Transaction [Line Items]
Number of sites leased	179	1

Related Party Transactions - Sa

Related Party Transactions - Sale of Property (Details) - ILTP - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended
	May 31, 2021	Jun. 30, 2021	Jun. 30, 2021
Related Party Transaction [Line Items]
Assets sale price	$ 2,200
Excluding selling cost	$ 15
Other Operating Expense (Income)
Related Party Transaction [Line Items]
Gain on sale of assets		$ 1,504	$ 1,504

Contingencies (Details)

Contingencies (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)
Loss Contingencies [Line Items]
Current liability accrued for environmental matters	$ 2,685,000
Noncurrent liability accrued for environmental matters	1,108,000
Expected recoveries of future expenditures	868,000
Net recorded liability	2,925,000
Environmental issue
Loss Contingencies [Line Items]
Environmental liability insurance maximum coverage per incident	20,000,000
Environmental liability insurance annual coverage limit	20,000,000
Disposed of by sale
Loss Contingencies [Line Items]
Aggregate sales price	$ 626,000

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventory [Line Items]
Total inventory	$ 251,608	$ 191,843
Nonfuel products
Inventory [Line Items]
Total inventory	185,999	146,313
Fuel products
Inventory [Line Items]
Total inventory	$ 65,609	$ 45,530

Equity Investments (Details)

Equity Investments (Details) - QuikQ - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	May 01, 2021	Apr. 30, 2021
Schedule of Equity Method Investments [Line Items]
Equity method investment ownership (percent)		50%	50%
Loss on reduced ownership of equity method investment	$ 1,826