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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Club operations $ 98,392 $ 99,406 $ 196,063 $ 199,212
Fees and other 1,601 1,529 3,010 3,068
Revenues 99,993 100,935 199,073 202,280
Operating Expenses:        
Payroll and related 37,058 38,173 74,443 77,559
Club operating 44,032 46,783 89,206 94,413
General and administrative 5,369 6,544 11,699 13,410
Depreciation and amortization 10,016 10,897 20,325 22,082
Total operating expenses 96,475 102,397 195,673 207,464
Operating income (loss) 3,518 (1,462) 3,400 (5,184)
Gain on extinguishment of debt 0 (38,497) 0 (38,497)
Interest expense 3,155 3,492 6,263 7,569
Equity in the earnings of investees and rental income (48) (89) (140) (146)
Income (loss) before provision for corporate income taxes 411 33,632 (2,723) 25,890
Provision for corporate income taxes 821 12,899 622 12,082
Net (loss) income $ (410) $ 20,733 $ (3,345) $ 13,808
(Loss) earnings per share:        
Basic (in dollars per share) $ (0.02) $ 0.81 $ (0.13) $ 0.54
Diluted (in dollars per share) $ (0.02) $ 0.79 $ (0.13) $ 0.54
Weighted average number of shares used in calculating (loss) earnings per share:        
Basic (in shares) 26,692,919 25,638,070 26,651,796 25,355,393
Diluted (in shares) 26,692,919 26,165,827 26,651,796 25,735,612