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Note 11 - Segment Information (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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