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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 60,409 $ 26,754
Accounts receivable (net of allowance for credit losses of $45,350 and $39,265, respectively) 235,384 195,896
Investments in equity securities, at fair value 90,446 0
Income taxes receivable 9,695 14,283
Notes receivable (net of allowance for credit losses of $2,644 and $3,035, respectively) 21,686 20,766
Prepaid expenses and other current assets 30,537 38,831
Total current assets 448,157 296,530
Property and equipment (net of accumulated depreciation and amortization of $304,685 and $280,499, respectively) 541,194 493,478
Operating lease right-of-use assets 83,359 85,101
Goodwill 220,187 220,187
Intangible assets (net of accumulated amortization of $283,087 and $252,342, respectively) 833,016 811,075
Notes receivable (net of allowance for credit losses of $5,357 and $5,581, respectively) 77,871 78,900
Investments in equity securities, at fair value 0 116,374
Investments for employee benefit plans, at fair value 45,270 39,751
Investments in affiliates 80,555 70,579
Deferred income taxes 92,159 89,535
Other assets 97,139 93,289
Total assets 2,518,907 2,394,799
Current liabilities    
Accounts payable 151,086 131,284
Accrued expenses and other current liabilities 96,583 109,248
Deferred revenue 105,928 108,316
Current portion of long-term debt 0 499,268
Liability for guest loyalty program 98,493 94,574
Total current liabilities 452,090 942,690
Long-term debt 1,868,425 1,068,751
Long-term deferred revenue 132,170 133,501
Deferred compensation and retirement plan obligations 50,676 45,657
Income taxes payable 0 8,601
Operating lease liabilities 110,266 109,483
Liability for guest loyalty program 44,394 43,266
Other liabilities 7,665 7,252
Total liabilities 2,665,686 2,359,201
Commitments and contingencies (Note 12)
Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at June 30, 2024 and December 31, 2023; 47,350,867 and 49,526,245 shares outstanding at June 30, 2024 and December 31, 2023, respectively 951 951
Additional paid-in-capital 344,173 330,750
Accumulated other comprehensive loss (5,911) (5,671)
Treasury stock, at cost; 47,714,771 and 45,539,393 shares at June 30, 2024 and December 31, 2023, respectively (2,332,736) (2,046,791)
Retained earnings 1,846,744 1,756,359
Total shareholders’ (deficit) equity (146,779) 35,598
Total liabilities and shareholders’ (deficit) equity $ 2,518,907 $ 2,394,799