v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Summary of Reconciles Cash, Cash Equivalents and Restricted Cash The following table reconciles cash, cash equivalents and restricted cash reported in our condensed consolidated balance sheet as of June 30, 2026 and 2025 to the total amount presented in our condensed consolidated statements of cash flows for the six months ended June 30, 2026 and 2025 (in thousands):

 

 

Balance as of June 30,

 

 

 

2026

 

 

2025

 

Cash and cash equivalents

 

$

40,360

 

 

$

35,028

 

Restricted cash

 

 

1,198

 

 

 

1,198

 

Total cash and restricted cash in the condensed consolidated statement of cash flows

 

$

41,558

 

 

$

36,226

 

Summary of Income per Basic and Diluted Share Calculation

The following table provides details underlying OneSpaWorld’s income per basic and diluted share calculation (in thousands, except per share data):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

23,215

 

 

$

19,940

 

 

$

44,545

 

 

$

35,211

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – Basic

 

 

102,048

 

 

 

103,211

 

 

 

102,017

 

 

 

103,903

 

    Dilutive effect of stock-based awards

 

 

433

 

 

 

409

 

 

 

378

 

 

 

442

 

Weighted average shares outstanding – Diluted

 

 

102,481

 

 

 

103,620

 

 

 

102,395

 

 

 

104,345

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.23

 

 

$

0.19

 

 

$

0.44

 

 

$

0.34

 

Diluted

 

$

0.23

 

 

$

0.19

 

 

$

0.44

 

 

$

0.34

 

Summary of Number of Antidilutive Potential Common Shares

The table below presents the number of antidilutive potential common shares that are not considered in the calculation of diluted income per share (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

2025

 

Performance stock units

 

 

268

 

 

 

181

 

 

 

268

 

 

181