XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 39,886 $ 37,044
Restricted cash 39,486 39,271
Accounts receivable, net 19,729 21,146
Inventory 9,184 9,306
Assets classified as held-for-sale 2,678 3,756
Other current assets 12,899 10,486
Total current assets 123,862 121,009
Non-current restricted cash 16,460 15,588
Operating lease right-of-use assets 217,728 220,035
Goodwill 305,089 305,089
Other intangible assets, net 616,672 620,622
Property and equipment, net 98,803 100,524
Other assets 6,081 5,371
Total assets 1,384,695 1,388,238
Current liabilities    
Accounts payable 23,778 21,809
Accrued expenses and other liabilities 50,519 58,903
Deferred income, current portion 2,462 2,490
Accrued advertising 6,773 7,992
Accrued interest payable 26,946 24,961
Dividend payable on preferred shares 1,334 1,325
Liabilities related to assets classified as held-for-sale 2,309 3,421
Operating lease liability, current portion 17,596 17,254
Redeemable preferred stock 91,836 91,836
Long-term debt, current portion 42,822 42,611
Acquisition purchase price payable 0 4,000
Total current liabilities 266,375 276,602
Deferred income, net of current portion 21,443 21,958
Deferred income tax liabilities, net 21,588 18,805
Operating lease liability, net of current portion 209,493 211,744
Long-term debt, net of current portion 1,158,060 1,110,308
Other liabilities 4,502 4,684
Total liabilities 1,681,461 1,644,101
Commitments and contingencies (Note 14)
Stockholders’ deficit    
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,650,587 shares issued and outstanding at March 31, 2024 and 3,591,804 shares issued and outstanding at December 31, 2023; liquidation preference $25 per share 43,083 44,103
Class A common stock and Class B common stock and additional paid-in capital as of March 31, 2024: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,972,270 shares issued and outstanding (Class A 15,701,465, Class B 1,270,805). Common stock and additional paid-in capital as of December 31, 2023: $0.0001 par value; 51,600,000 shares authorized; 16,900,099 shares issued and outstanding (Class A 15,629,294, Class B 1,270,805) (32,756) (31,189)
Accumulated deficit (307,093) (268,777)
Total stockholders’ deficit (296,766) (255,863)
Total liabilities and stockholders’ deficit $ 1,384,695 $ 1,388,238