v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net loss $ (21,739) $ (66,300)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17,852 20,329
Amortization of discount and premium (409) (304)
Other amortization 6,092 6,135
Amortization of revenue on golf membership deposit liabilities (1,642) (1,173)
Amortization of prepaid golf membership dues (12,646) (9,556)
Non-cash operating lease expense 3,157 7,636
Stock-based compensation 1,504 1,137
(Gain) Loss on lease terminations and impairment 2,972 (2,681)
Equity in earnings, net of impairment from equity method investments 0 24,020
Other losses, net 119 390
Change in:    
Accounts receivable, net, other current assets and other assets - noncurrent (8,271) 3,614
Accounts payable and accrued expenses, deferred revenue, other current liabilities and other liabilities - noncurrent 5,141 14,452
Net cash used in operating activities (7,870) (2,301)
Cash Flows From Investing Activities    
Proceeds from sale of property and equipment 0 (74)
Acquisition and additions of property and equipment and intangibles (22,251) (9,607)
Net cash used in investing activities (22,251) (9,681)
Cash Flows From Financing Activities    
Repayments of debt obligations (4,620) (3,849)
Golf membership deposits received 1,484 2,241
Proceeds from issuance of common stock 53,905 0
Preferred stock dividends paid (2,790) (1,395)
Other financing activities (673) (475)
Net cash provided by (used in) financing activities 47,306 (3,478)
Net Increase (Decrease) in Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent 17,185 (15,460)
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, Beginning of Period 50,833 31,964
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, End of Period 68,018 16,504
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Preferred stock dividends declared but not paid 930 0
Additions to finance lease assets and liabilities 1,670 4,030
Capital contribution 1,041 0
(Decreases)/increases in accounts payable and accrued expenses related to the purchase of property and equipment (620) 2,555
Additions for operating right of use assets and liabilities 9,862 0
Cash paid during the period for interest expense 2,165 0
Cash paid during the period for income taxes $ 1,489 $ 0

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