XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Tour revenues $ 240,172 $ 206,005 $ 587,838 $ 496,118
Operating expenses:        
Cost of tours 124,373 109,786 308,611 277,191
General and administrative 34,808 29,002 98,613 86,074
Selling and marketing 30,091 25,003 84,722 66,042
Depreciation and amortization 14,930 12,733 44,899 37,687
Total operating expenses 204,202 176,524 536,845 466,994
Operating income 35,970 29,481 50,993 29,124
Other (expense) income:        
Interest expense, net (11,256) (11,234) (34,503) (34,140)
(Loss) gain on foreign currency (318) 203 982 (48)
Other income 1,105 1 1,134 9
Loss on extinguishment of debt (23,492) 0 (23,492) 0
Total other expense (33,961) (11,030) (55,879) (34,179)
Income (loss) before income taxes 2,009 18,451 (4,886) (5,055)
Income tax benefit (2,564) (6,747) (3,503) (2,050)
Net income (loss) 4,573 25,198 (1,383) (3,005)
Net income attributable to noncontrolling interest 3,383 2,683 4,783 3,125
Net income (loss) attributable to Lindblad Expeditions Holdings, Inc. 1,190 22,515 (6,166) (6,130)
Series A redeemable convertible preferred stock dividend 1,239 1,168 3,667 3,455
Net (loss) income available to stockholders $ (49) $ 21,347 $ (9,833) $ (9,585)
Weighted average shares outstanding        
Basic (in shares) 55,557,530 54,097,365 54,859,959 53,662,237
Diluted (in shares) 55,557,530 62,591,165 54,859,959 53,662,237
Undistributed (loss) income per share available to stockholders:        
Basic (in dollars per share) $ (0) $ 0.39 $ (0.18) $ (0.18)
Diluted (in dollars per share) $ (0) $ 0.36 $ (0.18) $ (0.18)