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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 321,954 $ 33,766
Receivables (net of allowance for credit losses of $24,250 and $18,482, respectively) 148,281 141,566
Income taxes receivable 10,553 11,126
Notes receivable 27,237 26,265
Less: Allowance for notes receivable credit losses (3,076) (861)
Other current assets 26,330 24,727
Total current assets 531,279 236,589
Property and equipment, at cost, net 351,045 351,502
Operating lease right-of-use assets 23,689 24,088
Goodwill 159,196 159,196
Intangible assets, net 292,030 290,421
Notes receivable 112,785 106,749
Less: Allowance for notes receivable losses (10,026) (3,695)
Investments, employee benefit plans, at fair value 21,083 24,978
Investments in unconsolidated entities 78,583 78,655
Deferred income taxes 49,346 20,747
Other assets 94,942 97,442
Total assets 1,703,952 1,386,672
Current liabilities    
Accounts payable 68,987 73,449
Accrued expenses and other current liabilities 65,939 90,364
Deferred revenue 60,442 71,594
Current portion of long-term debt 7,335 7,511
Liability for guest loyalty program 52,717 82,970
Total current liabilities 255,420 325,888
Long-term debt 1,208,945 844,102
Long-term deferred revenue 126,656 112,662
Deferred compensation and retirement plan obligations 25,869 29,949
Income taxes payable 26,147 26,147
Operating lease liabilities 20,196 21,270
Liability for guest loyalty program 81,291 46,698
Other liabilities 3,282 3,467
Total liabilities 1,747,806 1,410,183
Commitments and Contingencies
Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at March 31, 2020 and December 31, 2019; 55,340,423 and 55,702,628 shares outstanding at March 31, 2020 and December 31, 2019, respectively 951 951
Additional paid-in-capital 221,553 231,160
Accumulated other comprehensive loss (5,214) (4,550)
Treasury stock, at cost; 39,725,215 and 39,363,010 shares at March 31, 2020 and December 31, 2019, respectively (1,265,888) (1,219,905)
Retained earnings 1,004,744 968,833
Total shareholders’ deficit (43,854) (23,511)
Total liabilities and shareholders’ deficit $ 1,703,952 $ 1,386,672