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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Tour revenues $ 206,005 $ 175,989 $ 496,118 $ 444,183
Operating expenses:        
Cost of tours 104,488 95,590 262,430 245,293
General and administrative 34,300 30,015 100,835 85,589
Selling and marketing 25,003 19,387 66,042 55,197
Depreciation and amortization 12,733 10,521 37,687 33,660
Total operating expenses 176,524 155,513 466,994 419,739
Operating income 29,481 20,476 29,124 24,444
Other (expense) income:        
Interest expense, net (11,234) (11,482) (34,140) (33,593)
Gain (loss) on foreign currency 203 (455) (48) 46
Other income (expense) 1 (77) 9 (3,773)
Total other expense (11,030) (12,014) (34,179) (37,320)
Income (loss) before income taxes 18,451 8,462 (5,055) (12,876)
Income tax (benefit) expense (6,747) 3 (2,050) 1,587
Net income (loss) 25,198 8,459 (3,005) (14,463)
Net income attributable to noncontrolling interest 2,683 2,821 3,125 3,742
Net income (loss) attributable to Lindblad Expeditions Holdings, Inc. 22,515 5,638 (6,130) (18,205)
Series A redeemable convertible preferred stock dividend 1,168 1,098 3,455 3,255
Net income (loss) available to stockholders $ 21,347 $ 4,540 $ (9,585) $ (21,460)
Weighted average shares outstanding        
Basic (in shares) 54,097,365 53,309,336 53,662,237 53,227,642
Diluted (in shares) 62,591,165 53,401,799 53,662,237 53,227,642
Undistributed income (loss) per share available to stockholders:        
Basic (in dollars per share) $ 0.39 $ 0.08 $ (0.18) $ (0.4)
Diluted (in dollars per share) $ 0.36 $ 0.08 $ (0.18) $ (0.4)