Segments - Schedule of Significant Expense Categories Provided to CODM Reconciled to Adjusted EBITDA (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
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Jun. 29, 2025 |
Jun. 30, 2024 |
Jun. 29, 2025 |
Jun. 30, 2024 |
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Segment Reporting Information [Line Items] | ||||
Net revenues | $ 930,390 | $ 571,616 | $ 1,132,447 | $ 673,231 |
Significant expense categories | ||||
Cost of food, merchandise and games revenues | 80,822 | 53,258 | 102,423 | 64,869 |
Add: Net income attributable to non-controlling interests | 24,816 | 0 | 24,816 | 0 |
Subtract: | ||||
Depreciation and amortization | 134,628 | 57,015 | 236,958 | 67,327 |
Loss on other assets | 0 | 0 | 791 | 0 |
Interest expense, net | 92,409 | 39,825 | 179,444 | 74,161 |
Loss on early debt extinguishment | 0 | 5,911 | 0 | 5,911 |
Income (loss) before taxes | 1,451 | 75,763 | (405,027) | (90,120) |
Amusement, Water Parks And Resort Facilities Segment | ||||
Segment Reporting Information [Line Items] | ||||
Net revenues | 930,390 | 571,616 | 1,132,447 | 673,231 |
Significant expense categories | ||||
Cost of food, merchandise and games revenues | 80,822 | 53,258 | 101,319 | 64,869 |
Other revenue driven costs | 28,959 | 16,820 | 38,576 | 21,531 |
Labor | 300,855 | 177,283 | 472,844 | 277,015 |
Other segment expenses | 277,136 | 118,791 | 447,880 | 201,532 |
Adjusted EBITDA | 242,618 | 205,464 | 71,828 | 108,284 |
Add: Net income attributable to non-controlling interests | 24,816 | 0 | 24,816 | 0 |
Subtract: | ||||
Depreciation and amortization | 134,628 | 57,015 | 236,958 | 67,327 |
Loss on retirement of fixed assets, net | 10,518 | 4,121 | 18,616 | 6,735 |
Loss on other assets | 0 | 0 | 791 | 0 |
Interest expense, net | 92,409 | 39,825 | 179,444 | 74,161 |
Loss on early debt extinguishment | 0 | 5,911 | 0 | 5,911 |
Non-cash foreign currency (gain) loss | (19,986) | 1,763 | (22,200) | 7,002 |
Non-cash equity compensation expense | 8,935 | 9,135 | 26,011 | 14,419 |
Costs related to the Mergers | 11,030 | 11,128 | 26,670 | 21,275 |
Severance | 23,823 | 461 | 27,200 | 550 |
Other | 4,626 | 342 | 8,181 | 1,024 |
Income (loss) before taxes | $ 1,451 | $ 75,763 | $ (405,027) | $ (90,120) |
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- Definition Earnings Before Interest Tax Depreciation And Amortization, Adjusted No definition available.
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- Definition Non-Cash Foreign Currency (Gain) Loss No definition available.
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- Definition Share-Based Payment Arrangement, Noncash Expense, Adjusted No definition available.
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- Definition Cost of labor directly related to good produced and service rendered. Includes, but is not limited to, payroll cost and equity-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of gain (loss) on sale or disposal of other assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to the increase (decrease) in reserve for business combination costs. Includes, but is not limited to, legal, accounting, and other costs incurred to consummate the merger. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of other expense (income) and loss (gain) calculated as difference between segment revenue and separately disclosed expense category to arrive at segment profit (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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