XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Tour revenues $ 144,783 $ 64,507 $ 303,540 $ 81,555
Operating expenses:        
Cost of tours 87,576 45,600 208,023 73,270
General and administrative 24,535 17,023 68,882 46,123
Selling and marketing 16,025 10,213 41,193 17,680
Depreciation and amortization 10,839 9,323 33,193 25,785
Total operating expenses 138,975 82,159 351,291 162,858
Operating income (loss) 5,808 (17,652) (47,751) (81,303)
Other (expense) income:        
Interest expense, net (8,369) (6,063) (26,500) (17,436)
Loss on foreign currency (872) (1,434) (1,417) (1,165)
Other (expense) income (333) 4,357 84 4,362
Total other expense (9,574) (3,140) (27,833) (14,239)
Loss before income taxes (3,766) (20,792) (75,584) (95,542)
Income tax expense (benefit) 1,732 2,507 619 (2,648)
Net loss (5,498) (23,299) (76,203) (92,894)
Net income (loss) attributable to noncontrolling interest 3,228 1,039 3,000 (17)
Net loss attributable to Lindblad Expeditions Holdings, Inc. (8,726) (24,338) (79,203) (92,877)
Series A redeemable convertible preferred stock dividend 1,036 1,340 3,618 3,962
Net loss available to stockholders $ (9,762) $ (25,678) $ (82,821) $ (96,839)
Weighted average shares outstanding        
Basic (in shares) 53,045,329 50,110,188 51,665,912 50,013,191
Diluted (in shares) 53,045,329 50,110,188 51,665,912 50,013,191
Undistributed loss per share available to stockholders:        
Basic (in dollars per share) $ (0.18) $ (0.50) $ (1.60) $ (1.87)
Diluted (in dollars per share) $ (0.18) $ (0.50) $ (1.60) $ (1.87)