Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Total revenues $ 281,864 $ 219,987 $ 272,064
Operating costs      
Operating expenses 222,260 188,745 229,306
Cost of sales - food and beverages 12,814 8,834 15,217
General and administrative expense 33,809 31,284 47,976
Depreciation and amortization 24,018 27,152 22,396
Pre-opening costs 4,552 1,328 9,040
(Gain) Loss on lease terminations and impairment 5,035 (721) 15,413
Total operating costs 302,488 256,622 339,348
Operating loss (20,624) (36,635) (67,284)
Other income (expenses)      
Interest and investment income 684 565 955
Interest expense, net (10,698) (10,968) (8,760)
Other (loss) income, net 655 (7,611) 20,876
Total other income (expenses) (9,359) (18,014) 13,071
Loss before income tax (29,983) (54,649) (54,213)
Income tax expense 1,779 1,705 641
Net loss (31,762) (56,354) (54,854)
Less: net loss attributable to noncontrolling interest (393) 0 0
Net loss attributable to the Company (31,369) (56,354) (54,854)
Preferred dividends (5,580) (5,580) (5,580)
Loss applicable to common stockholders, basic (36,949) (61,934) (60,434)
Loss applicable to common stockholders, diluted $ (36,949) $ (61,934) $ (60,434)
Loss Applicable to Common Stock, per share      
Basic (in dollars per share) $ (0.41) $ (0.92) $ (0.90)
Diluted (in dollars per share) $ (0.41) $ (0.92) $ (0.90)
Weighted Average Number of Shares of Common Stock Outstanding      
Basic (in shares) 89,733,378 67,158,745 67,039,556
Diluted (in shares) 89,733,378 67,158,745 67,039,556
Golf operations      
Revenues      
Total revenues $ 232,560 $ 189,972 $ 216,497
Sales of food and beverages      
Revenues      
Total revenues $ 49,304 $ 30,015 $ 55,567