v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 86,689 $ 73,879 $ 155,671 $ 134,971
Operating costs        
Operating expenses 65,473 55,635 120,613 104,504
Cost of sales - food and beverages 5,788 3,151 9,149 5,255
General and administrative expense 11,558 8,028 20,622 16,012
Depreciation and amortization 6,132 5,784 12,325 12,029
Pre-opening costs 1,938 789 2,685 1,345
(Gain) loss on lease terminations and impairment 2,161 (561) 15,032 2,648
Total operating costs 93,050 72,826 180,426 141,793
Operating income (loss) (6,361) 1,053 (24,755) (6,822)
Other income (expenses)        
Interest and investment income 216 159 416 312
Interest expense, net (3,547) (2,713) (6,194) (5,339)
Other income (loss), net 993 (18) 3,640 (79)
Total other income (expenses) (2,338) (2,572) (2,138) (5,106)
Loss before income tax (8,699) (1,519) (26,893) (11,928)
Income tax expense 868 450 1,589 945
Consolidated net loss (9,567) (1,969) (28,482) (12,873)
Less: net loss attributable to noncontrolling interest (134) 0 (81) 0
Net loss attributable to the Company (9,433) (1,969) (28,401) (12,873)
Preferred dividends (1,395) (1,395) (2,790) (2,790)
Loss applicable to common stockholders, Basic (10,828) (3,364) (31,191) (15,663)
Loss applicable to common stockholders, diluted $ (10,828) $ (3,364) $ (31,191) $ (15,663)
Loss applicable to common stock, per share        
Basic (in usd per share) $ (0.12) $ (0.04) $ (0.34) $ (0.18)
Diluted (in usd per share) $ (0.12) $ (0.04) $ (0.34) $ (0.18)
Weighted average number of shares of common stock outstanding        
Basic (in shares) 92,378,928 92,065,615 92,316,851 87,338,509
Diluted (in shares) 92,378,928 92,065,615 92,316,851 87,338,509
Golf operations        
Revenues        
Total revenues $ 67,577 $ 61,750 $ 122,861 $ 114,912
Sales of food and beverages        
Revenues        
Total revenues $ 19,112 $ 12,129 $ 32,810 $ 20,059

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