Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Total revenues $ 219,987 $ 272,064 $ 314,369
Operating costs      
Operating expenses 188,745 229,306 251,794
Cost of sales - food and beverages 8,834 15,217 20,153
General and administrative expense 31,284 47,976 38,560
Depreciation and amortization 27,152 22,396 19,704
Pre-opening costs 1,328 9,040 2,483
(Gain) Loss on lease terminations and impairment (721) 15,413 8,240
Realized and unrealized loss on investments 0 0 (131)
Total operating costs 256,622 339,348 340,803
Operating loss (income) (36,635) (67,284) (26,434)
Other income (expenses)      
Interest and investment income 565 955 1,794
Interest expense, net (10,968) (8,760) (16,639)
Other (loss) income, net (7,611) 20,876 2,880
Total other income (expenses) (18,014) 13,071 (11,965)
Loss before income tax (54,649) (54,213) (38,399)
Income tax expense 1,705 641 284
Net Income (loss) (56,354) (54,854) (38,683)
Preferred dividends (5,580) (5,580) (5,580)
Income (loss) applicable to common stockholders $ (61,934) $ (60,434) $ (44,263)
Loss Applicable to Common Stock, per share      
Basic (in dollars per share) $ (0.92) $ (0.90) $ (0.66)
Diluted (in dollars per share) $ (0.92) $ (0.90) $ (0.66)
Weighted Average Number of Shares of Common Stock Outstanding      
Basic (in shares) 67,158,745 67,039,556 66,993,543
Diluted (in shares) 67,158,745 67,039,556 66,993,543
Golf operations      
Revenues      
Total revenues $ 189,972 $ 216,497 $ 244,646
Sales of food and beverages      
Revenues      
Total revenues $ 30,015 $ 55,567 $ 69,723