v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 43,872 $ 44,997
Accounts receivable (net of allowance for credit losses of $62,304 and $51,189, respectively) 243,511 207,491
Income taxes receivable 14,491 13,456
Notes receivable (net of allowance for credit losses of $5,007 and $7,462, respectively) 54,849 94,686
Prepaid expenses and other current assets 54,052 45,368
Total current assets 410,775 405,998
Property and equipment (net of accumulated depreciation and amortization of $176,737 and $162,113, respectively) 649,883 649,291
Operating lease right-of-use assets 76,559 77,670
Goodwill 304,583 305,758
Intangible assets (net of accumulated amortization of $273,556 and $256,575, respectively) 1,096,143 1,082,486
Notes receivable (net of allowance for credit losses of $3,444 and $1,019, respectively) 27,403 12,490
Investments for employee benefit plans, at fair value 47,899 50,227
Investments in affiliates 132,848 134,975
Deferred income taxes 76,729 75,371
Other assets 121,764 123,937
Total assets 2,944,586 2,918,203
Current liabilities    
Accounts payable 146,193 156,276
Accrued expenses and other current liabilities 86,707 125,282
Deferred revenue 112,853 100,698
Liability for guest loyalty program 88,236 85,035
Total current liabilities 433,989 467,291
Long-term debt 2,003,236 1,906,122
Long-term deferred revenue 129,946 130,505
Deferred compensation and retirement plan obligations 54,313 56,532
Deferred income taxes 34,081 25,303
Operating lease liabilities 106,384 107,963
Liability for guest loyalty program 41,566 39,771
Other liabilities 3,644 3,487
Total liabilities 2,807,159 2,736,974
Commitments and contingencies (Note 11)
Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at March 31, 2026 and December 31, 2025; 45,617,358 and 45,996,087 shares outstanding at March 31, 2026 and December 31, 2025, respectively 951 951
Additional paid-in-capital 407,781 403,927
Accumulated other comprehensive loss (8,176) (5,307)
Treasury stock, at cost; 49,448,280 and 49,069,551 shares at March 31, 2026 and December 31, 2025, respectively (2,588,349) (2,536,373)
Retained earnings 2,325,220 2,318,031
Total shareholders’ equity 137,427 181,229
Total liabilities and shareholders’ equity $ 2,944,586 $ 2,918,203