Debt and Finance Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt and Finance Lease Obligations

The components of debt and finance obligations consisted of the following:

	June 30,			December 31,
(in thousands, except interest rates)	2022			2021
2021 Credit Facility - Term Loan B, 6.1% interest rate at June 30, 2022 and 5.5% at December 31, 2021, due through 2028(1)	$	397,000		$	399,000
2021 Credit Facility - Revolving Credit Facility, 7.3% weighted-average interest rate at June 30, 2022, due through 2026(1)		15,000			—
Forest Park Hotel Construction Loan Facility, 4.8% interest rate at June 30, 2022, due through 2027(1)		8,634			—
FlyOver Iceland Credit Facility, 4.9% interest rate at June 30, 2022 and December 31, 2021, due through 2025(1)		5,123			5,566
FlyOver Iceland Term Loans, 8.6% weighted-average interest rate at June 30, 2022 and 3.8% at December 31, 2021, due through 2024(1)		679			689
Less unamortized debt issuance costs		(13,864	)		(14,804	)
Total debt		412,572			390,451
Finance lease obligations, 9.1% weighted-average interest rate at June 30, 2022 and December 31, 2021, due through 2067		64,895			63,401
Financing arrangements		966			5,528
Total debt and finance obligations (2)(3)		478,433			459,380
Current portion		(9,144	)		(12,800	)
Long-term debt and finance obligations	$	469,289		$	446,580

(1)Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

(2)The estimated fair value of total debt and finance leases was $340.8 million as of June 30, 2022 and $328.9 million as of December 31, 2021. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. Refer to Note 13 – Fair Value Measurements.

(3)Cash paid for interest on debt was $14.6 million during the six months ended June 30, 2022 and $10.3 million during the six months ended June 30, 2021.