v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 135,197 $ 99,884
Restricted cash 33,661 11,694
Accounts receivable and contract assets, net of allowances for credit losses of $343 at both March 31, 2026 and December 31, 2025 29,909 33,566
Other current assets 25,870 13,563
Total current assets 224,637 158,707
Property and equipment, at cost (note 3) 1,280,653 1,266,030
Accumulated depreciation (406,771) (397,142)
Property and equipment, net 873,882 868,888
Investments in affiliates, accounted for using the equity method (note 4) 116,299 116,819
Intangible assets not subject to amortization:    
Goodwill 175,764 175,764
Franchise rights 123,703 123,703
Intangible assets, Total 299,467 299,467
Prepaid pension asset 524  
Other assets, net 172,447 171,076
Total assets 1,687,256 1,614,957
Current liabilities:    
Accounts payable and accrued liabilities 85,716 43,473
Deferred revenue and refundable tickets 181,396 109,829
Current portion of debt (note 5) 215,745 215,347
Other current liabilities 8,023 8,394
Total current liabilities 490,880 377,043
Long-term debt (note 5) 493,432 523,284
Finance lease liabilities 99,855 98,566
Deferred income tax liabilities 30,844 41,282
Pension liability   1,758
Other noncurrent liabilities 41,093 34,842
Total liabilities 1,156,104 1,076,775
Equity:    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; zero shares issued at March 31, 2026 and December 31, 2025
Additional paid-in capital 1,170,556 1,137,178
Accumulated other comprehensive earnings (loss), net of taxes (2,735) (2,743)
Retained earnings (deficit) (649,494) (609,012)
Total shareholders' equity 518,964 526,050
Noncontrolling interests in equity of subsidiaries 12,188 12,132
Total equity 531,152 538,182
Commitments and contingencies (note 7)
Total liabilities and equity 1,687,256 1,614,957
Series A common stock    
Equity:    
Common stock value 103 103
Series B common stock    
Equity:    
Common stock value 10 10
Series C common stock    
Equity:    
Common stock value $ 524 $ 514