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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Revenue $ 116,743 $ 101,201 $ 154,322 $ 138,432
Costs and expenses:        
Operating expenses (exclusive of depreciation and amortization shown separately below) 62,563 59,793 100,990 100,167
Selling, general, and administrative expenses 15,729 13,695 32,894 26,537
Depreciation and amortization 11,073 11,182 22,041 20,945
Interest expense, net 1,928 3,937 3,392 6,859
Other expense, net 5,962 309 6,319 619
Total costs and expenses 106,126 97,293 176,792 166,041
Income (loss) from continuing operations before income taxes 10,617 3,908 (22,470) (27,609)
Income tax expense 3,021 2,772 1,155 1,118
Income (loss) from continuing operations 7,596 1,136 (23,625) (28,727)
Income from discontinued operations, net of tax 1,135 29,742 1,004 33,362
Net income (loss) 8,731 30,878 (22,621) 4,635
Net income attributable to non-redeemable noncontrolling interest (3,085) (1,807) (2,869) (884)
Net loss attributable to redeemable noncontrolling interest 0 240 0 443
Net income (loss) attributable to Pursuit $ 5,646 $ 29,311 $ (25,490) $ 4,194
Diluted income (loss) per common share:        
Continuing operations attributable to Pursuit common stockholders [1] $ 0.16 $ (0.09) $ (0.94) $ (1.19)
Discontinued operations attributable to Pursuit common stockholders [1] 0.04 1.07 0.04 1.2
Net income (loss) attributable to Pursuit common stockholders $ 0.2 $ 0.98 $ (0.9) $ 0.01
Weighted-average outstanding and potentially dilutive common shares 28,392 21,126 28,184 21,078
Basic income (loss) per common share:        
Continuing operations attributable to Pursuit common stockholders $ 0.16 $ (0.09) $ (0.94) $ (1.19)
Discontinued operations attributable to Pursuit common stockholders 0.04 1.07 0.04 1.2
Net income (loss) attributable to Pursuit common stockholders $ 0.2 $ 0.98 $ (0.9) $ 0.01
Weighted-average outstanding common shares 28,256 21,126 28,184 21,078
Amounts attributable to Pursuit        
Income (loss) from continuing operations $ 4,511 $ (431) $ (26,494) $ (29,168)
Income from discontinued operations 1,135 29,742 1,004 33,362
Net income (loss) attributable to Pursuit 5,646 29,311 (25,490) 4,194
Services        
Revenue:        
Revenue 88,063 76,050 117,797 105,034
Costs and expenses:        
Cost of food, beverage, and retail products sold 8,871 8,377 11,156 10,914
Products        
Revenue:        
Revenue $ 28,680 $ 25,151 $ 36,525 $ 33,398
[1] Diluted income (loss) per common share is calculated using the more dilutive of the two-class method or if-converted method. The two-class method uses net income (loss) available to common stockholders and assumes conversion of all potential shares other than the participating securities. The if-converted method uses net income (loss) available to common stockholders and assumes conversion of all potential shares including the participating securities. Dilutive potential common shares include outstanding stock options, unvested restricted share units and convertible preferred stock. We apply the two-class method in calculating income (loss) per common share as unvested share-based payment awards that contain nonforfeitable rights to dividends and preferred stock are considered participating securities. Accordingly, such securities are included in the earnings allocation in calculating income (loss)
per share. The adjustment to the carrying value of the redeemable noncontrolling interest is reflected in income (loss) per common share.