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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Club operations $ 99,406 $ 106,741 $ 199,212 $ 216,629
Fees and other 1,529 1,555 3,068 3,091
Revenues 100,935 108,296 202,280 219,720
Operating Expenses:        
Payroll and related 38,173 46,137 77,559 92,997
Club operating 46,783 50,821 94,413 102,106
General and administrative 6,544 8,039 13,410 16,448
Depreciation and amortization 10,897 12,178 22,082 23,852
Impairment of fixed assets 0 1,014 0 2,151
Impairment of goodwill 0 31,558 0 31,558
Total operating expenses 102,397 149,747 207,464 269,112
Operating loss (1,462) (41,451) (5,184) (49,392)
Gain on extinguishment of debt (38,497) 0 (38,497) 0
Interest expense 3,492 5,188 7,569 10,358
Equity in the earnings of investees and rental income (89) (579) (146) (1,190)
Income (loss) before provision (benefit) for corporate income taxes 33,632 (46,060) 25,890 (58,560)
Provision (benefit) for corporate income taxes 12,899 (14,992) 12,082 (14,728)
Net income (loss) $ 20,733 $ (31,068) $ 13,808 $ (43,832)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.81 $ (1.26) $ 0.54 $ (1.79)
Diluted (in dollars per share) $ 0.79 $ (1.26) $ 0.54 $ (1.79)
Weighted average number of shares used in calculating earnings (loss) per share:        
Basic (in shares) 25,638,070 24,590,759 25,355,393 24,503,624
Diluted (in shares) 26,165,827 24,590,759 25,735,612 24,503,624