v3.26.1
Note 11 - Segment Information (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]
  

For the three months ended June 30,

  

For the six months ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

(In thousands)

 

(unaudited)

  

(unaudited)

 

Tour revenues:

                

Lindblad

 $129,232  $111,045  $281,721  $242,153 

Land Experiences

  70,015   56,900   125,539   105,513 

Total tour revenues

 $199,247  $167,945  $407,260  $347,666 

Operating income:

                

Lindblad

 $3,850  $(2,070) $14,415  $6,316 

Land Experiences

  8,104   6,477   13,153   8,705 

Operating income

 $11,954  $4,407  $27,568  $15,021 
  

Lindblad Segment

 
  

For the three months ended June 30,

  

For the six months ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

(In thousands)

 

(unaudited)

  

(unaudited)

 

Tour revenues

 $129,232  $111,045  $281,721  $242,153 
                 

Cost of tours

  61,644   58,469   138,539   123,292 

General and administrative

  21,514   20,945   41,188   42,077 

Selling and marketing

  25,381   20,449   54,681   43,156 

Depreciation and amortization

  16,843   13,252   32,898   27,312 

Operating income

 $3,850  $(2,070) $14,415  $6,316 
  

Land Experiences Segment

 
  

For the three months ended June 30,

  

For the six months ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

(In thousands)

 

(unaudited)

  

(unaudited)

 

Tour revenues

 $70,015  $56,900  $125,539  $105,513 
                 

Cost of tours

  40,968   32,922   70,816   60,947 

General and administrative

  12,655   10,138   25,028   21,728 

Selling and marketing

  6,643   5,941   13,279   11,476 

Depreciation and amortization

  1,645   1,422   3,263   2,657 

Operating income

 $8,104  $6,477  $13,153  $8,705 
   For the three months ended June 30,   For the six months ended June 30, 
  

2026

  

2025

  

2026

  

2025

 

(In thousands)

 

(unaudited)

  

(unaudited)

 

Depreciation and amortization:

                

Lindblad:

                

Depreciation

 $16,773  $13,230  $32,757  $27,268 

Amortization

  70   22   141   44 

Land Experiences:

                

Depreciation

  1,226   823   2,346   1,460 

Amortization

  419   599   917   1,197 

Total depreciation and amortization

 $18,488  $14,674  $36,161  $29,969 
  As of June 30, 2026  

As of December 31, 2025

 

(In thousands)

  (unaudited)     
         

Total Assets:

        

Lindblad

 $683,485  $711,211 

Land Experiences

  350,536   268,747 

Total assets

 $1,034,021  $979,958 
         

Intangibles, net:

        

Lindblad

 $4,382  $4,523 

Land Experiences

  11,160   12,076 

Total intangibles, net

 $15,542  $16,599 
         

Goodwill:

        

Lindblad

 $-  $- 

Land Experiences

  60,609   60,609 

Total goodwill

 $60,609  $60,609