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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 52,583 $ 40,177
Accounts receivable (net of allowance for credit losses of $48,284 and $45,610, respectively) 236,499 176,672
Income taxes receivable 20,382 5,419
Notes receivable (net of allowance for credit losses of $6,523 and $5,805, respectively) 95,509 75,501
Prepaid expenses and other current assets 45,374 41,317
Total current assets 450,347 339,086
Property and equipment (net of accumulated depreciation and amortization of $147,450 and $125,903, respectively) 628,260 604,345
Operating lease right-of-use assets 79,029 83,451
Goodwill 304,511 220,187
Intangible assets (net of accumulated amortization of $242,136 and $209,037, respectively) 1,045,510 884,013
Notes receivable (net of allowance for credit losses of $960 and $1,526, respectively) 16,268 32,682
Investments for employee benefit plans, at fair value 49,017 47,603
Investments in affiliates 134,424 117,016
Deferred income taxes 87,975 108,308
Other assets 112,193 93,836
Total assets 2,907,534 2,530,527
Current liabilities    
Accounts payable 154,224 134,865
Accrued expenses and other current liabilities 114,902 136,729
Deferred revenue 109,451 102,114
Liability for guest loyalty program 89,965 89,013
Total current liabilities 468,542 462,721
Long-term debt 1,918,504 1,768,526
Long-term deferred revenue 134,622 132,259
Deferred compensation and retirement plan obligations 55,014 53,316
Deferred income taxes 22,914 0
Operating lease liabilities 109,782 113,255
Liability for guest loyalty program 42,681 40,607
Other liabilities 5,701 5,114
Total liabilities 2,757,760 2,575,798
Commitments and contingencies (Note 12)
Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at September 30, 2025 and December 31, 2024; 46,271,815 and 46,856,567 shares outstanding at September 30, 2025 and December 31, 2024, respectively 951 951
Additional paid-in-capital 397,775 370,201
Accumulated other comprehensive loss (5,608) (6,193)
Treasury stock, at cost; 48,793,823 and 48,209,071 shares at September 30, 2025 and December 31, 2024, respectively (2,510,911) (2,411,527)
Retained earnings 2,267,567 2,001,297
Total shareholders’ equity (deficit) 149,774 (45,271)
Total liabilities and shareholders’ equity (deficit) $ 2,907,534 $ 2,530,527