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Debt and Finance Lease Obligations - Schedule of Debt and Finance Lease Obligations (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Less unamortized debt issuance costs $ (2,481) $ (2,737)
Total debt [1] 305,018 270,550
Finance lease obligations, 8.9% weighted-average interest rate at March 31, 2021 and 8.0% at December 31, 2020, due through 2067 [2] 65,200 23,141
Total debt and finance lease obligations [3] 370,218 293,691
Total debt and finance lease obligations [3] 370,218 293,691
Current portion (2,800) (8,335)
Long-term debt and finance lease obligations 367,418 285,356
FlyOver Iceland Credit Facility    
Debt Instrument [Line Items]    
Credit facility [4] 5,695 5,820
Fly Over Iceland Term Loan    
Debt Instrument [Line Items]    
Credit facility [4] 710 705
2018 Credit Agreement | Revolving Credit Facility    
Debt Instrument [Line Items]    
Credit facility [4] $ 301,094 $ 266,762
[1] The estimated fair value of total debt and finance leases was $329.1 million as of March 31, 2021 and $254.0 million as of December 31, 2020. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. Refer to Note 13 – Fair Value Measurements.
[2] The increase in finance lease obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46-year lease term.
[3] Cash paid for interest on debt was $5.7 million for the three months ended March 31, 2021 and $3.5 million for the three months ended March 31, 2020.
[4] Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.