Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net loss $ (28,482) $ (12,873)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 12,325 12,029
Amortization of discount and premium (357) (262)
Other amortization 4,933 4,126
Amortization of revenue on golf membership deposit liabilities (1,139) (1,101)
Amortization of prepaid golf membership dues (7,870) (9,726)
Non-cash operating lease expense 2,521 2,161
Stock-based compensation (556) 906
Loss on lease terminations and impairment 15,032 2,648
Gain from insurance proceeds for property loss (2,877) 0
Other losses, net (188) 143
Change in:    
Accounts receivable, net, other current assets and other assets - noncurrent 67 (6,522)
Accounts payable and accrued expenses, deferred revenue, other current liabilities and other liabilities - noncurrent 4,070 8,939
Net cash provided by (used in) operating activities (2,521) 468
Cash Flows From Investing Activities    
Insurance proceeds for property loss 2,877 0
Acquisition and additions of property and equipment and intangibles (28,784) (16,139)
Net cash used in investing activities (25,907) (16,139)
Cash Flows From Financing Activities    
Repayments of debt obligations (2,904) (3,082)
Golf membership deposits received 58 1,325
Proceeds from issuance of common stock 3 53,905
Capital distribution paid (40) 0
Preferred stock dividends paid (2,790) (1,395)
Other financing activities (1,419) (470)
Net cash provided by (used in) financing activities (7,092) 50,283
Net Increase (Decrease) in Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent (35,520) 34,612
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, Beginning of Period 62,564 50,833
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, End of Period 27,044 85,445
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Preferred stock dividends declared but not paid 930 930
Additions to finance lease assets and liabilities 1,548 495
Decreases in accounts payable and accrued expenses related to the purchase of property and equipment (3,361) (2,688)
Additions for right of use assets in exchange for new operating lease liabilities 25,336 7,002
Cash paid during the period for interest expense 1,076 1,552
Cash paid during the period for income taxes $ 1,985 $ 1,489