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Note 11 - Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
(In thousands) |  |  | (unaudited) |  |  |  | (unaudited) |
Tour revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lindblad |  | $ | 111,045 |  |  | $ | 93,053 |  |  | $ | 242,153 |  |  | $ | 211,356 |
Land Experiences |  |  | 56,900 |  |  |  | 43,446 |  |  |  | 105,513 |  |  |  | 78,757 |
Total tour revenues |  | $ | 167,945 |  |  | $ | 136,499 |  |  | $ | 347,666 |  |  | $ | 290,113 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lindblad |  | $ | (2,070 | ) |  | $ | (9,372 | ) |  | $ | 6,316 |  |  | $ | (1,589 | )
Land Experiences |  |  | 6,477 |  |  |  | 1,164 |  |  |  | 8,705 |  |  |  | 1,232 |
Operating income (loss) |  | $ | 4,407 |  |  | $ | (8,208 | ) |  | $ | 15,021 |  |  | $ | (357 | )
|  | Lindblad Segment |
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
(In thousands) |  |  | (unaudited) |  |  |  | (unaudited) |
Tour revenues |  | $ | 111,045 |  |  | $ | 93,053 |  |  | $ | 242,153 |  |  | $ | 211,356 |
Cost of tours |  |  | 58,469 |  |  |  | 55,726 |  |  |  | 123,292 |  |  |  | 118,105 |
General and administrative |  |  | 20,945 |  |  |  | 19,770 |  |  |  | 42,077 |  |  |  | 38,539 |
Selling and marketing |  |  | 20,449 |  |  |  | 14,180 |  |  |  | 43,156 |  |  |  | 33,070 |
Depreciation and amortization |  |  | 13,252 |  |  |  | 12,749 |  |  |  | 27,312 |  |  |  | 23,231 |
Operating (loss) income |  | $ | (2,070 | ) |  | $ | (9,372 | ) |  | $ | 6,316 |  |  | $ | (1,589 | )
|  | Land Experiences Segment |
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
(In thousands) |  |  | (unaudited) |  |  |  | (unaudited) |
Tour revenues |  | $ | 56,900 |  |  | $ | 43,446 |  |  | $ | 105,513 |  |  | $ | 78,757 |
Cost of tours |  |  | 32,922 |  |  |  | 27,227 |  |  |  | 60,947 |  |  |  | 49,300 |
General and administrative |  |  | 10,138 |  |  |  | 10,066 |  |  |  | 21,728 |  |  |  | 18,534 |
Selling and marketing |  |  | 5,941 |  |  |  | 4,101 |  |  |  | 11,476 |  |  |  | 7,968 |
Depreciation and amortization |  |  | 1,422 |  |  |  | 888 |  |  |  | 2,657 |  |  |  | 1,723 |
Operating income |  | $ | 6,477 |  |  | $ | 1,164 |  |  | $ | 8,705 |  |  | $ | 1,232 |
|  | For the three months ended June 30, |  |  | For the six months ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
(In thousands) |  |  | (unaudited) |  |  |  | (unaudited) |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lindblad: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | $ | 13,230 |  |  | $ | 12,727 |  |  | $ | 27,268 |  |  | $ | 23,187 |
Amortization |  |  | 22 |  |  |  | 22 |  |  |  | 44 |  |  |  | 44 |
Land Experiences: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 823 |  |  |  | 458 |  |  |  | 1,460 |  |  |  | 863 |
Amortization |  |  | 599 |  |  |  | 430 |  |  |  | 1,197 |  |  |  | 860 |
Total depreciation and amortization |  | $ | 14,674 |  |  | $ | 13,637 |  |  | $ | 29,969 |  |  | $ | 24,954 |
|  | As of June 30, 2025 |  |  | As of December 31, 2024 |
(In thousands) |  | (unaudited) |  |  |  |
Total Assets: |  |  |  |  |  |  |  |
Lindblad |  | $ | 654,312 |  |  | $ | 667,799 |
Land Experiences |  |  | 282,211 |  |  |  | 209,106 |
Total assets |  | $ | 936,523 |  |  | $ | 876,905 |
Intangibles, net: |  |  |  |  |  |  |  |
Lindblad |  | $ | 1,461 |  |  | $ | 1,505 |
Land Experiences |  |  | 13,223 |  |  |  | 14,418 |
Total intangibles, net |  | $ | 14,684 |  |  | $ | 15,923 |
Goodwill: |  |  |  |  |  |  |  |
Lindblad |  | $ | - |  |  | $ | - |
Land Experiences |  |  | 59,198 |  |  |  | 59,031 |
Total goodwill |  | $ | 59,198 |  |  | $ | 59,031 |

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