v3.26.1
Note 11 - Segment Information (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]
   

For the three months ended March 31,

 
   

2026

   

2025

 

(In thousands)

    (unaudited)  

Tour revenues:

               

Lindblad

  $ 152,489     $ 131,108  

Land Experiences

    55,524       48,613  

Total tour revenues

  $ 208,013     $ 179,721  

Operating income:

               

Lindblad

  $ 10,562     $ 8,387  

Land Experiences

    5,053       2,227  

Operating income

  $ 15,615     $ 10,614  
                 
   

For the three months ended March 31,

 
    2026     2025  

(In thousands)

    (unaudited)  

Tour revenues

  $ 152,489     $ 131,108  
                 

Cost of tours

    76,896       64,823  

General and administrative

    19,675       21,131  

Selling and marketing

    29,300       22,707  

Depreciation and amortization

    16,056       14,060  

Operating income

  $ 10,562     $ 8,387  
                 
   

For the three months ended March 31,

 
    2026     2025  

(In thousands)

    (unaudited)  

Tour revenues

  $ 55,524     $ 48,613  
                 

Cost of tours

    29,847       28,025  

General and administrative

    12,372       11,591  

Selling and marketing

    6,636       5,535  

Depreciation and amortization

    1,616       1,235  

Operating income

  $ 5,053     $ 2,227  
   

For the three months ended March 31,

 
   

2026

   

2025

 

(In thousands)

    (unaudited)  

Depreciation and amortization:

               

Lindblad:

               

Depreciation

  $ 15,986     $ 14,038  

Amortization

    70       22  

Land Experiences:

               

Depreciation

    1,118       637  

Amortization

    498       598  

Total depreciation and amortization

  $ 17,672     $ 15,295  
   

As of March 31, 2026

   

As of December 31, 2025

 

(In thousands)

    (unaudited)          
                 

Total Assets:

               

Lindblad

  $ 683,767     $ 711,211  

Land Experiences

    303,415       268,747  

Total assets

  $ 987,182     $ 979,958  
                 

Intangibles, net:

               

Lindblad

  $ 4,453     $ 4,523  

Land Experiences

    11,578       12,076  

Total intangibles, net

  $ 16,031     $ 16,599  
                 

Goodwill:

               

Lindblad

  $ -     $ -  

Land Experiences

    60,609       60,609  

Total goodwill

  $ 60,609     $ 60,609