v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities    
Net loss $ (10,904) $ (17,362)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,245 6,794
Amortization of discount and premium (126) (91)
Other amortization 2,000 1,904
Amortization of revenue on golf membership deposit liabilities (564) (364)
Amortization of prepaid golf membership dues (6,467) (4,076)
Non-cash operating lease expense 107 958
Stock-based compensation 349 201
Loss on lease terminations and impairment 3,209 792
Equity in earnings, net of impairment from equity method investments 0 (344)
Other losses, net 182 46
Change in:    
Accounts receivable, net, other current assets and other assets - noncurrent (3,868) 3,913
Accounts payable and accrued expenses, deferred revenue, other current liabilities and other liabilities - noncurrent 2,281 5,052
Net cash used in operating activities (7,556) (2,577)
Cash Flows From Investing Activities    
Proceeds from sale of property and equipment 0 91
Acquisition and additions of property and equipment and intangibles (6,542) (6,573)
Net cash used in investing activities (6,542) (6,482)
Cash Flows From Financing Activities    
Repayments of debt obligations (1,685) (1,484)
Golf membership deposits received 815 489
Proceeds from issuance of common stock 53,905 0
Preferred stock dividends paid 0 (1,395)
Other financing activities (187) (176)
Net cash provided by (used in) financing activities 52,848 (2,566)
Net Increase (Decrease) in Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent 38,750 (11,625)
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 89,583 20,339
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 298 1,028
(Decreases)/increases in accounts payable and accrued expenses related to the purchase of property and equipment $ (1,916) $ 3,771

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