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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 42,111 $ 26,754
Accounts receivable (net of allowance for credit losses of $40,547 and $39,265, respectively) 225,173 195,896
Income taxes receivable 8,559 14,283
Notes receivable (net of allowance for credit losses of $2,643 and $3,035, respectively) 22,012 20,766
Prepaid expenses and other current assets 40,646 38,831
Total current assets 338,501 296,530
Property and equipment (net of accumulated depreciation and amortization of $292,791 and $280,499, respectively) 517,903 493,478
Operating lease right-of-use assets 84,869 85,101
Goodwill 220,187 220,187
Intangible assets (net of accumulated amortization of $267,311 and $252,342, respectively) 821,029 811,075
Notes receivable (net of allowance for credit losses of $6,013 and $5,581, respectively) 77,336 78,900
Investments in equity securities, at fair value 109,861 116,374
Investments for employee benefit plans, at fair value 43,747 39,751
Investments in affiliates 78,782 70,579
Deferred income taxes 90,167 89,535
Other assets 92,696 93,289
Total assets 2,475,078 2,394,799
Current liabilities    
Accounts payable 135,297 131,284
Accrued expenses and other current liabilities 70,164 109,248
Deferred revenue 116,003 108,316
Current portion of long-term debt 499,471 499,268
Liability for guest loyalty programs 98,577 94,574
Total current liabilities 919,512 942,690
Long-term debt 1,195,730 1,068,751
Long-term deferred revenue 132,274 133,501
Deferred compensation and retirement plan obligations 49,021 45,657
Income taxes payable 8,601 8,601
Operating lease liabilities 110,529 109,483
Liability for guest loyalty programs 45,292 43,266
Other liabilities 7,392 7,252
Total liabilities 2,468,351 2,359,201
Commitments and contingencies (Note 12)
Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at March 31, 2024 and December 31, 2023; 49,284,204 and 49,526,245 shares outstanding at March 31, 2024 and December 31, 2023, respectively 951 951
Additional paid-in-capital 335,612 330,750
Accumulated other comprehensive loss (5,217) (5,671)
Treasury stock, at cost; 45,781,434 and 45,539,393 shares at March 31, 2024 and December 31, 2023, respectively (2,097,840) (2,046,791)
Retained earnings 1,773,221 1,756,359
Total shareholders’ equity 6,727 35,598
Total liabilities and shareholders’ equity $ 2,475,078 $ 2,394,799