v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 116,278 $ 99,884
Restricted cash 62,681 11,694
Accounts receivable and contract assets, net of allowances for credit losses of $343 at both June 30, 2026 and December 31, 2025 86,791 33,566
Other current assets 22,128 13,563
Total current assets 287,878 158,707
Property and equipment, at cost (note 3) 1,283,196 1,266,030
Accumulated depreciation (419,796) (397,142)
Property and equipment, net 863,400 868,888
Investments in affiliates, accounted for using the equity method (note 4) 124,977 116,819
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 407  
Other assets, net 164,254 171,076
Total assets 1,740,383 1,614,957
Current liabilities:    
Accounts payable and accrued liabilities 95,906 43,473
Deferred revenue and refundable tickets 149,912 109,829
Current portion of debt (note 5) 333,236 215,347
Other current liabilities 6,854 8,394
Total current liabilities 585,908 377,043
Long-term debt (note 5) 459,891 523,284
Finance lease liabilities 96,710 98,566
Deferred income tax liabilities 29,519 41,282
Pension liability   1,758
Other noncurrent liabilities 41,717 34,842
Total liabilities 1,213,745 1,076,775
Equity:    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; zero shares issued at June 30, 2026 and December 31, 2025
Additional paid-in capital 1,178,102 1,137,178
Accumulated other comprehensive earnings (loss), net of taxes (2,732) (2,743)
Retained earnings (deficit) (661,728) (609,012)
Total stockholders' equity 514,279 526,050
Noncontrolling interests in equity of subsidiaries 12,359 12,132
Total equity 526,638 538,182
Commitments and contingencies (note 7)
Total liabilities and equity 1,740,383 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