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Segment information
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment information Segment information
We consider each one of our owned resorts to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual resorts. Our operating segments meet the aggregation criteria and thus, we present four separate reportable segments by geography: (i) Yucatán Peninsula, (ii) Pacific Coast, (iii) Dominican Republic and (iv) Jamaica. For the three and nine months ended September 30, 2020 and 2019, we have excluded the immaterial amounts of management fees, cost reimbursements and other from our segment reporting.
Our operating segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by our Chief Executive Officer, Chief Financial Officer and Chief Operating Officer, all of whom represent our chief operating decision maker (“CODM”). Financial information for each reportable segment is reviewed by the CODM to assess performance and make decisions regarding the allocation of resources.
The performance of our business is evaluated primarily on adjusted earnings before interest expense, income tax (provision) benefit, and depreciation and amortization expense (“Adjusted EBITDA”), which should not be considered an alternative to net (loss) income or other measures of financial performance or liquidity derived in accordance with U.S. GAAP. The performance of our segments is evaluated on Adjusted EBITDA before corporate expenses and management fee income (“Owned Resort EBITDA”).
We define Adjusted EBITDA as net (loss) income, determined in accordance with U.S. GAAP, for the period presented, before interest expense, income tax (provision) benefit, and depreciation and amortization expense, further adjusted to exclude the following items: (a) impairment loss; (b) other income (expense); (c) pre-opening expenses; (d) share-based compensation; (e) other tax income (expense); (f) transaction expenses; (g) loss on sale of assets; and (h) severance expenses.
There are limitations to using financial measures such as Adjusted EBITDA and Owned Resort EBITDA. For example, other companies in our industry may define Adjusted EBITDA differently than we do. As a result, it may be difficult to use Adjusted EBITDA or similarly named financial measures that other companies publish to compare the performance of those companies to our performance. Because of these limitations, Adjusted EBITDA should not be considered as a measure of the income or loss generated by our business or discretionary cash available for investment in our business and investors should carefully consider our U.S. GAAP results presented in our Condensed Consolidated Financial Statements.
The following table presents segment owned net revenue and a reconciliation to total revenue for the three and nine months ended September 30, 2020 and 2019 ($ in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Owned net revenue
Yucatán Peninsula$17,351 $50,996 $79,689 $180,981 
Pacific Coast773 17,404 21,854 65,061 
Dominican Republic2,453 14,585 38,060 70,226 
Jamaica6,458 43,075 58,458 152,686 
Segment owned net revenue (1)
27,035 126,060 198,061 468,954 
Other258 14 293 30 
Management fees8 83 635 1,568 
Cost reimbursements505 1,586 1,913 5,123 
Compulsory tips930 5,082 6,044 16,969 
Total revenue$28,736 $132,825 $206,946 $492,644 
________
(1) Segment owned net revenue represents total revenue less compulsory tips paid to employees, cost reimbursements, management fees and other miscellaneous revenue not derived from segment operations.
The following table presents segment Owned Resort EBITDA, Adjusted EBITDA and a reconciliation to net (loss) income for the three and nine months ended September 30, 2020 and 2019 ($ in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Owned Resort EBITDA
Yucatán Peninsula$(1,820)$13,777 $15,111 $67,087 
Pacific Coast(2,330)4,495 3,726 25,451 
Dominican Republic(6,296)(1,201)(3,388)17,305 
Jamaica(7,473)8,802 3,503 47,781 
Segment Owned Resort EBITDA(17,919)25,873 18,952 157,624 
Other corporate(8,205)(10,126)(26,782)(28,519)
Management fees8 83 635 1,568 
Total Adjusted EBITDA(26,116)15,830 (7,195)130,673 
Interest expense(19,973)(9,936)(61,844)(34,796)
Depreciation and amortization(22,518)(29,417)(69,877)(77,636)
Impairment loss(867)— (42,308)— 
Loss on sale of assets— — (1,729)— 
Other income (expense)224 (2,537)1,171 (2,775)
Pre-opening expenses— (257)— (548)
Share-based compensation(1,925)(1,850)(7,867)(6,612)
Other tax income (expense)170 318 (298)(484)
Transaction expenses(541)(1,253)(1,416)(4,493)
Severance expense(1,448)(6)(3,892)(139)
Non-service cost components of net periodic pension (benefit) cost (1)
(311)177 (1,600)352 
Net (loss) income before tax(73,305)(28,931)(196,855)3,542 
Income tax (provision) benefit(5,299)(1,530)8,237 10,025 
Net (loss) income$(78,604)$(30,461)$(188,618)$13,567 
________
(1) Represents the non-service cost components of net periodic pension (benefit) cost recorded within other income (expense) in the Condensed Consolidated Statements of Operations. We include these costs in calculating Adjusted EBITDA as they are considered part of our ongoing resort operations.

The following table presents segment property and equipment, gross and a reconciliation to total property and equipment, net as of September 30, 2020 and December 31, 2019 ($ in thousands):
As of September 30,As of December 31,
20202019
Segment property and equipment, gross
Yucatán Peninsula$865,703 $865,900 
Pacific Coast288,429 288,358 
Dominican Republic677,125 667,120 
Jamaica405,733 499,569 
Total segment property and equipment, gross2,236,990 2,320,947 
Corporate property and equipment, gross4,499 7,320 
Accumulated depreciation(451,589)(398,353)
Total property and equipment, net$1,789,900 $1,929,914 
The following table presents segment capital expenditures and a reconciliation to total capital expenditures for the nine months ended September 30, 2020 and 2019 ($ in thousands):
Nine Months Ended September 30,
20202019
Segment capital expenditures
Yucatán Peninsula$3,423 $18,256 
Pacific Coast1,120 1,476 
Dominican Republic6,728 142,518 
Jamaica2,364 3,204 
Total segment capital expenditures (1)
13,635 165,454 
Corporate149 9,076 
Total capital expenditures (1)
$13,784 $174,530 
________
(1) Represents gross additions to property and equipment