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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 314,139 $ 33,766
Receivables (net of allowance for credit losses of $36,341 and $18,482, respectively) 149,062 141,566
Income taxes receivable 8,909 11,126
Notes receivable 34,077 26,265
Less: Allowance for notes receivable credit losses (4,163) (861)
Other current assets 22,455 24,727
Total current assets 524,479 236,589
Property and equipment, at cost, net 350,459 351,502
Operating lease right-of-use assets 21,700 24,088
Goodwill 159,196 159,196
Intangible assets, net 291,198 290,421
Notes receivable 109,622 106,749
Less: Allowance for notes receivable losses (11,687) (3,695)
Investments, employee benefit plans, at fair value 25,138 24,978
Investments in unconsolidated entities 72,929 78,655
Deferred income taxes 49,878 20,747
Other assets 93,129 97,442
Total assets 1,686,041 1,386,672
Current liabilities    
Accounts payable 57,814 73,449
Accrued expenses and other current liabilities 59,258 90,364
Deferred revenue 49,983 71,594
Current portion of long-term debt 7,157 7,511
Liability for guest loyalty program 44,525 82,970
Total current liabilities 218,737 325,888
Long-term debt 1,232,136 844,102
Long-term deferred revenue 124,152 112,662
Deferred compensation and retirement plan obligations 29,590 29,949
Income taxes payable 23,394 26,147
Operating lease liabilities 17,288 21,270
Liability for guest loyalty program 76,819 46,698
Other liabilities 6,677 3,467
Total liabilities 1,728,793 1,410,183
Commitments and Contingencies
Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at June 30, 2020 and December 31, 2019; 55,363,895 and 55,702,628 shares outstanding at June 30, 2020 and December 31, 2019, respectively 951 951
Additional paid-in-capital 223,719 231,160
Accumulated other comprehensive loss (5,027) (4,550)
Treasury stock, at 39,701,743 and 39,363,010 shares at June 30, 2020 and December 31, 2019, respectively (1,264,527) (1,219,905)
Retained earnings 1,002,132 968,833
Total shareholders’ deficit (42,752) (23,511)
Total liabilities and shareholders’ deficit $ 1,686,041 $ 1,386,672