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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 235,475 $ 248,040 $ 536,110 $ 521,842
Direct and selling, general and administrative expenses        
Direct 127,367 132,606 265,346 261,574
Selling, general and administrative 49,794 47,614 101,013 92,741
Depreciation and amortization 19,045 19,316 37,717 38,507
Reimbursed costs 2,348 3,008 5,237 6,542
Loss (gain) on sale of assets 36 (2) 0 11
Business interruption insurance recoveries (33) (495) (50) (495)
Gain on insurance proceeds (992) (3,794) (1,362) (3,794)
Direct and selling, general and administrative expenses 197,565 198,253 407,901 395,086
Operating income 37,910 49,787 128,209 126,756
Interest expense (23,334) (26,119) (46,462) (55,785)
Loss on extinguishment of debt (1,043) 0 (1,043) 0
Other (expense) income (302) (203) (1,095) 29
Net income before tax 13,231 23,465 79,609 71,000
Income tax provision (61) (2,832) (12,098) (7,648)
Net income $ 13,170 $ 20,633 $ 67,511 $ 63,352
Earnings per share        
Basic (in dollars per share) $ 0.10 $ 0.14 $ 0.50 $ 0.41
Diluted (in dollars per share) $ 0.10 $ 0.13 $ 0.50 $ 0.40
Weighted average number of shares outstanding during the period - Basic (in shares) 132,426,621 151,955,076 134,539,159 154,619,822
Weighted average number of shares outstanding during the period - Diluted (in shares) 133,867,472 154,192,223 135,957,007 156,511,568
Package        
Revenue        
Total revenue $ 197,056 $ 208,356 $ 456,685 $ 441,924
Non-package        
Revenue        
Total revenue 32,682 33,124 66,825 66,605
The Playa Collection        
Revenue        
Total revenue 1,579 828 2,599 1,554
Management fees        
Revenue        
Total revenue 1,401 2,122 3,935 4,051
Cost reimbursements        
Revenue        
Total revenue 2,348 3,008 5,237 6,542
Other revenues        
Revenue        
Total revenue $ 409 $ 602 $ 829 $ 1,166