Debt and Finance Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt and Finance Lease Obligations

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

	December 31,
(in thousands, except interest rates)	2023			2022
2021 Credit Facility - Term Loan B, 10.5% interest rate at December 31, 2023 and 9.4% at December 31, 2022, due through 2028(1)	$	321,000		$	395,000
2021 Credit Facility - Revolving Credit Facility, 8.5% interest rate at December 31, 2023, due through 2026(1)		57,000			—
Jasper Term Loan, 6.5% interest rate at December 31, 2023, due through 2028(1)		12,655			—
Jasper Revolving Credit Facility, 9.5% weighted-average interest rate at December 31, 2023, due through 2028(1)		3,020			—
Forest Park Hotel Construction Loan Facility, 8.8% interest rate at December 31, 2022(1)		—			11,491
FlyOver Iceland Credit Facility, 8.9% interest rate at December 31, 2023 and 6.9% at December 31, 2022, due through 2027(1)		4,049			4,965
FlyOver Iceland Term Loans, 13.8% weighted-average interest rate at December 31, 2023 and 10.1% at December 31, 2022, due through 2024(1)		475			594
Less unamortized debt issuance costs		(9,453	)		(11,848	)
Total debt		388,746			400,202
Finance lease obligations, 9.2% weighted-average interest rate at December 31, 2023 and 9.1% at December 31, 2022, due through 2067		63,929			64,729
Financing arrangements		—			5,013
Total debt and finance obligations(2)(3)		452,675			469,944
Current portion		(8,371	)		(13,192	)
Long-term debt and finance obligations	$	444,304		$	456,752

(1)Represents the weighted-average interest rate in effect as of the end of the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs, commitment fees, or any expense or income related to the Interest Rate Cap as discussed in Note 13 - Derivative.

(2)The weighted-average interest rate on total debt (including unamortized debt issuance costs and commitment fees) was 9.9% for 2023, 9.3% for 2022 and 6.4% for 2021. The estimated fair value of total debt and finance leases was $349.8 million as of December 31, 2023 and $301.8 million as of December 31, 2022. 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 14 – Fair Value Measurements for additional information.

(3)Cash paid for interest on debt was $47.5 million during 2023, $34.3 million during 2022, and $25.9 million during 2021.

Schedule of Aggregate Annual Maturities of Long-term Debt

Aggregate annual maturities of debt (excluding finance obligations) as of December 31, 2023 are as follows:

(in thousands)	Credit Facilities
Year ending December 31,
2024	$	5,630
2025		5,323
2026		62,340
2027		5,086
2028		319,820
Total	$	398,199