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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Total revenue $ 183,517 $ 213,145 $ 719,627 $ 734,987
Direct and selling, general and administrative expenses        
Direct 115,731 126,356 381,077 387,930
Selling, general and administrative 49,825 48,826 150,838 141,567
Depreciation and amortization 21,043 22,548 58,760 61,055
Reimbursed costs 1,898 2,785 7,135 9,327
(Gain) loss on sale of assets (18,179) 6 (18,179) 17
Business interruption insurance recoveries (47) (47) (97) (542)
Gain on insurance proceeds (651) (919) (2,013) (4,713)
Direct and selling, general and administrative expenses 169,620 199,555 577,521 594,641
Operating income 13,897 13,590 142,106 140,346
Interest expense (21,949) (26,552) (68,411) (82,337)
Loss on extinguishment of debt 0 0 (1,043) 0
Other income (expense) 334 (350) (761) (321)
Net (loss) income before tax (7,718) (13,312) 71,891 57,688
Income tax benefit (provision) 4,984 2,808 (7,114) (4,840)
Net (loss) income $ (2,734) $ (10,504) $ 64,777 $ 52,848
(Loss) earnings per share        
Basic (in dollars per share) $ (0.02) $ (0.07) $ 0.49 $ 0.35
Diluted (in dollars per share) $ (0.02) $ (0.07) $ 0.48 $ 0.34
Weighted average number of shares outstanding during the period - Basic (in shares) 127,975,787 145,469,906 132,335,399 151,536,334
Weighted average number of shares outstanding during the period - Diluted (in shares) 127,975,787 145,469,906 133,839,076 153,606,281
Package        
Revenue        
Total revenue $ 154,451 $ 182,425 $ 611,136 $ 624,349
Non-package        
Revenue        
Total revenue 23,778 24,984 90,603 91,589
The Playa Collection        
Revenue        
Total revenue 1,727 1,051 4,326 2,605
Management fees        
Revenue        
Total revenue 1,311 1,369 5,246 5,420
Cost reimbursements        
Revenue        
Total revenue 1,898 2,785 7,135 9,327
Other revenues        
Revenue        
Total revenue $ 352 $ 531 $ 1,181 $ 1,697