Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Segment Reporting) (Details)

v3.21.1
SEGMENT REPORTING (Segment Reporting) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Revenues      
Total revenues $ 61,091 $ 61,135  
Operating costs      
Operating expenses 48,870 54,367  
Cost of sales - food and beverages 2,104 3,655  
General and administrative expense 7,786 8,640  
General and administrative expense - acquisition and transaction expenses 196 1,178  
Depreciation and amortization 6,245 6,794  
Pre-opening costs 556 552  
Loss on lease terminations and impairment 3,209 792  
Total operating costs 68,966 75,978  
Operating loss (7,875) (14,843)  
Other income (expenses)      
Interest and investment income 153 130  
Interest expense (2,649) (2,778)  
Capitalized interest 23 33  
Other income (loss), net (61) 367  
Total other income (expenses) (2,534) (2,248)  
Income tax expense 495 271  
Net loss (10,904) (17,362)  
Preferred dividends (1,395) (1,395)  
Loss applicable to common stockholders (12,299) (18,757)  
Total assets 499,861   $ 457,054
Total liabilities 447,479   447,017
Preferred stock 61,583   $ 61,583
Equity (9,201)    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2021 4,924    
Severance expenses 100 700  
Accretion of membership deposit liabilities 2,000 1,900  
Golf operations      
Revenues      
Total revenues 53,161 48,625  
Sales of food and beverages      
Revenues      
Total revenues 7,930 12,510  
Operating Segments | Entertainment Golf      
Revenues      
Total revenues 8,223 10,117  
Operating costs      
Operating expenses 5,133 8,172  
Cost of sales - food and beverages 1,085 1,610  
General and administrative expense 2,198 3,169  
General and administrative expense - acquisition and transaction expenses 192 34  
Depreciation and amortization 2,952 3,020  
Pre-opening costs 556 552  
Loss on lease terminations and impairment 22 0  
Total operating costs 12,138 16,557  
Operating loss (3,915) (6,440)  
Other income (expenses)      
Interest and investment income 0 1  
Interest expense (82) (105)  
Capitalized interest 0 0  
Other income (loss), net 0 0  
Total other income (expenses) (82) (104)  
Income tax expense 0 0  
Net loss (3,997) (6,544)  
Preferred dividends 0 0  
Loss applicable to common stockholders (3,997) (6,544)  
Total assets 176,618    
Total liabilities 44,951    
Preferred stock 0    
Equity 131,667    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2021 3,789    
Operating Segments | Entertainment Golf | Golf operations      
Revenues      
Total revenues 3,421 3,910  
Operating Segments | Entertainment Golf | Sales of food and beverages      
Revenues      
Total revenues 4,802 6,207  
Operating Segments | Traditional Golf      
Revenues      
Total revenues 52,868 51,018  
Operating costs      
Operating expenses 43,737 46,195  
Cost of sales - food and beverages 1,019 2,045  
General and administrative expense 2,378 3,093  
General and administrative expense - acquisition and transaction expenses 0 122  
Depreciation and amortization 3,221 3,703  
Pre-opening costs 0 0  
Loss on lease terminations and impairment 0 792  
Total operating costs 50,355 55,950  
Operating loss 2,513 (4,932)  
Other income (expenses)      
Interest and investment income 20 15  
Interest expense (2,251) (2,147)  
Capitalized interest 8 9  
Other income (loss), net (114) (46)  
Total other income (expenses) (2,337) (2,169)  
Income tax expense 0 0  
Net loss 176 (7,101)  
Preferred dividends 0 0  
Loss applicable to common stockholders 176 (7,101)  
Total assets 261,310    
Total liabilities 339,447    
Preferred stock 0    
Equity (78,137)    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2021 1,135    
Operating Segments | Traditional Golf | Golf operations      
Revenues      
Total revenues 49,740 44,715  
Operating Segments | Traditional Golf | Sales of food and beverages      
Revenues      
Total revenues 3,128 6,303  
Operating Segments | Corporate      
Revenues      
Total revenues 0 0  
Operating costs      
Operating expenses 0 0  
Cost of sales - food and beverages 0 0  
General and administrative expense 3,210 2,378  
General and administrative expense - acquisition and transaction expenses 4 1,022  
Depreciation and amortization 72 71  
Pre-opening costs 0 0  
Loss on lease terminations and impairment 3,187 0  
Total operating costs 6,473 3,471  
Operating loss (6,473) (3,471)  
Other income (expenses)      
Interest and investment income 133 114  
Interest expense (316) (526)  
Capitalized interest 15 24  
Other income (loss), net 53 413  
Total other income (expenses) (115) 25  
Income tax expense 495 271  
Net loss (7,083) (3,717)  
Preferred dividends (1,395) (1,395)  
Loss applicable to common stockholders (8,478) (5,112)  
Total assets 61,933    
Total liabilities 63,081    
Preferred stock 61,583    
Equity (62,731)    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2021 0    
Operating Segments | Corporate | Golf operations      
Revenues      
Total revenues 0 0  
Operating Segments | Corporate | Sales of food and beverages      
Revenues      
Total revenues $ 0 $ 0