Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities    
Net loss $ (56,888) $ (27,559)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 13,476 10,046
Amortization of discount and premium (193) (122)
Other amortization 3,823 3,556
Amortization of revenue on golf membership deposit liabilities (746) (874)
Amortization of prepaid golf membership dues (3,451) (6,855)
Non-cash operating lease expense 6,333 3,270
Stock-based compensation 700 2,606
(Gain) Loss on lease terminations and impairment (2,783) 4,206
Equity in (earnings), net of impairment from equity method investments 24,020 (685)
Other (gains) losses, net 164 (4,551)
Change in:    
Accounts receivable, net, other current assets and other assets - noncurrent 4,235 (1,579)
Accounts payable and accrued expenses, deferred revenue, other current liabilities and other liabilities - noncurrent 5,625 (5,685)
Net cash used in operating activities (5,685) (24,226)
Cash Flows From Investing Activities    
Proceeds from sale of property and equipment 73 32,665
Acquisition and additions of property and equipment and intangibles (7,702) (42,569)
Net cash used in investing activities (7,629) (9,904)
Cash Flows From Financing Activities    
Repayments of debt obligations (2,068) (2,691)
Golf membership deposits received 878 1,012
Preferred stock dividends paid (1,395) (2,790)
Other financing activities (186) 20
Net cash used in financing activities (2,771) (4,449)
Net Decrease in Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent (16,085) (38,579)
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, Beginning of Period 31,964 82,819
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, End of Period 15,879 44,240
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Preferred stock dividends declared but not paid 0 930
Additions to finance lease assets and liabilities 1,028 10,652
Increases in accounts payable and accrued expenses related to the purchase of property and equipment $ 4,192 $ 2,816