Reportable Segments

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Reportable Segments

Reportable Segments

The Company’s operating segments are New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Swiss Sports Clubs and BFX Studio, which is the level at which the chief operating decision makers review discrete financial information and make decisions about segment profitability based on earnings before income tax depreciation and amortization. The Company has historically determined that these clubs have similar economic characteristics and meet the criteria which permit them to be aggregated into one reportable segment. During the fourth quarter of 2014, BFX Studio started to be managed separately and reported as a separate reportable segment as it does not meet the aggregation criteria to be aggregated with the clubs. Geographically, the Company operates its fitness clubs mainly in the United States. Segment information on geographic regions is not material for presentation. Segment information on assets is not presented as the chief operating decision makers do not regularly review segment assets.

The following tables set forth the Company’s financial performance by reportable segment for the years ended December 31, 2015, 2014 and 2013. Since the first BFX Studio lease was not signed until November 2013, BFX Studio had immaterial impact on the Company’s consolidated financial statements for the year ended December 31, 2013.

	Year ended December 31,
	2015		2014		2013
Revenues:
Clubs	$	422,090	$	453,516	$	470,225
Studio	2,233		326		—
Total Revenues	$	424,323	$	453,842	$	470,225

The Company presents earnings (loss) before interest expense (net of interest income), provision (benefit) for corporate income taxes, and depreciation and amortization (“EBITDA”) as the primary measure of profit and loss for its operating segments in accordance with FASB guidance for segment reporting. Clubs EBITDA includes all corporate overhead expenses and the impact of equity in the earnings of investees and rental income. Studio reported EBITDA loss of 3,959 and 3,556 in 2015 and 2014, primarily reflecting the rent and occupancy costs, start-up costs and overhead payroll for the Company's three studios opened in September 2014, March 2015 and June 2015.

	Year ended December 31,
	2015			2014			2013
EBITDA:
Clubs	$	79,232		$	53,524		$	91,770
Studio	(3,959		)	(3,556		)	(364		)
Total reportable segments	75,273			49,968			91,406
Depreciation and amortization	47,887			47,307			49,099
Interest expense	20,579			19,039			22,617
Interest income	—			—			(1		)
Income (loss) before provision for corporate income taxes	$	6,807		$	(16,378	)	$	19,691

	Year ended December 31,
	2015		2014		2013
Capital Expenditures:
Clubs	$	23,427	$	37,101	$	30,565
Studio	7,044		4,953		296
Total Capital Expenditures	$	30,471	$	42,054	$	30,861