Segment information (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Segment Reporting Information

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,
	2020		2019		2020		2019
Owned net revenue
Yucatán Peninsula	$	17,351	$	50,996	$	79,689	$	180,981
Pacific Coast	773		17,404		21,854		65,061
Dominican Republic	2,453		14,585		38,060		70,226
Jamaica	6,458		43,075		58,458		152,686
Segment owned net revenue (1)	27,035		126,060		198,061		468,954
Other	258		14		293		30
Management fees	8		83		635		1,568
Cost reimbursements	505		1,586		1,913		5,123
Compulsory tips	930		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,
	2020		2019		2020		2019
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 fees	8		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,
	2020		2019
Segment property and equipment, gross
Yucatán Peninsula	$	865,703	$	865,900
Pacific Coast	288,429		288,358
Dominican Republic	677,125		667,120
Jamaica	405,733		499,569
Total segment property and equipment, gross	2,236,990		2,320,947
Corporate property and equipment, gross	4,499		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,
	2020		2019
Segment capital expenditures
Yucatán Peninsula	$	3,423	$	18,256
Pacific Coast	1,120		1,476
Dominican Republic	6,728		142,518
Jamaica	2,364		3,204
Total segment capital expenditures (1)	13,635		165,454
Corporate	149		9,076
Total capital expenditures (1)	$	13,784	$	174,530

________

(1) Represents gross additions to property and equipment