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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 36,432 $ 41,566
Accounts receivable (net of allowance for credit losses of $28,883 and $23,435, respectively) 223,781 216,614
Income taxes receivable 5,743 4,759
Notes receivable (net of allowance for credit losses of $2,206 and $4,125, respectively) 52,726 52,466
Prepaid expenses and other current assets 34,130 32,517
Total current assets 352,812 347,922
Property and equipment (net of accumulated depreciation and amortization of $292,786 and $253,323, respectively) 469,771 427,306
Operating lease right-of-use assets 90,474 68,985
Goodwill 220,187 218,653
Intangible assets (net of accumulated amortization of $220,803 and $201,401, respectively) 781,101 742,190
Notes receivable (net of allowance for credit losses of $6,183 and $6,047, respectively) 49,831 55,577
Investments for employee benefit plans, at fair value 35,815 31,645
Investments in affiliates 55,081 30,647
Deferred income taxes 92,410 88,182
Other assets 84,755 91,068
Total assets 2,232,237 2,102,175
Current liabilities    
Accounts payable 124,113 118,863
Accrued expenses and other current liabilities 96,523 131,410
Deferred revenue 107,802 92,695
Current portion of long-term debt 4,416 2,976
Liability for guest loyalty programs 86,140 89,954
Total current liabilities 418,994 435,898
Long-term debt 1,391,272 1,200,547
Long-term deferred revenue 135,009 134,149
Deferred compensation and retirement plan obligations 41,200 36,673
Income taxes payable 8,601 15,482
Operating lease liabilities 109,746 70,994
Liability for guest loyalty programs 44,320 47,381
Other liabilities 10,682 6,391
Total liabilities 2,159,824 1,947,515
Commitments and contingencies (Note 12)
Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at September 30, 2023 and December 31, 2022; 50,026,433 and 52,200,903 shares outstanding at September 30, 2023 and December 31, 2022, respectively 951 951
Additional paid-in-capital 321,790 298,053
Accumulated other comprehensive loss (4,713) (5,211)
Treasury stock, at cost; 45,039,205 and 42,864,735 shares at September 30, 2023 and December 31, 2022, respectively (1,987,262) (1,694,857)
Retained earnings 1,741,647 1,555,724
Total shareholders’ equity 72,413 154,660
Total liabilities and shareholders’ equity $ 2,232,237 $ 2,102,175