Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 66,465 $ 74,682 $ 159,700 $ 200,249
Operating costs        
Operating expenses 54,993 63,454 142,584 169,897
Cost of sales - food and beverages 2,170 3,856 6,654 10,458
General and administrative expense 7,916 12,755 24,102 37,981
Depreciation and amortization 6,853 5,723 20,329 15,769
Pre-opening costs 227 4,350 1,049 7,229
(Gain) Loss on lease terminations and impairment 302 1,872 (2,031) 6,077
Total operating costs 72,461 92,010 192,687 247,411
Operating loss (5,996) (17,328) (32,987) (47,162)
Other income (expenses)        
Interest and investment income 135 191 400 799
Interest expense, net (2,896) (2,061) (8,232) (6,008)
Other income (loss), net (157) 7,341 (24,212) 12,955
Total other income (expenses) (2,918) 5,471 (32,044) 7,746
Loss before income tax (8,914) (11,857) (65,031) (39,416)
Income tax expense 498 162 1,269 162
Net loss (9,412) (12,019) (66,300) (39,578)
Preferred dividends (1,395) (1,395) (4,185) (4,185)
Loss applicable to common stockholders $ (10,807) $ (13,414) $ (70,485) $ (43,763)
Loss applicable to common stock, per share        
Basic (in dollars per share) $ (0.16) $ (0.20) $ (1.05) $ (0.65)
Diluted (in dollars per share) $ (0.16) $ (0.20) $ (1.05) $ (0.65)
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 67,212,532 67,040,692 67,131,827 67,032,519
Diluted (in shares) 67,212,532 67,040,692 67,131,827 67,032,519
Golf operations        
Revenues        
Total revenues $ 58,766 $ 60,797 $ 137,066 $ 162,889
Food and beverages        
Revenues        
Total revenues $ 7,699 $ 13,885 $ 22,634 $ 37,360