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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 16,576 $ 37,044
Restricted cash 40,069 39,271
Accounts receivable, net 21,854 21,146
Inventory 8,866 9,306
Assets classified as held-for-sale 370 3,756
Other current assets 13,379 10,486
Total current assets 101,114 121,009
Non-current restricted cash 16,468 15,588
Operating lease right-of-use assets 211,789 220,035
Goodwill 305,054 305,089
Other intangible assets, net 612,796 620,622
Property and equipment, net 103,079 100,524
Other assets 6,047 5,371
Total assets 1,356,347 1,388,238
Current liabilities    
Accounts payable 17,958 21,809
Accrued expenses and other liabilities 59,610 58,903
Deferred income, current portion 2,378 2,490
Accrued advertising 6,573 7,992
Accrued interest payable 29,474 24,961
Dividend payable on preferred shares 1,345 1,325
Liabilities related to assets classified as held-for-sale 393 3,421
Operating lease liability, current portion 17,331 17,254
Redeemable preferred stock 91,836 91,836
Long-term debt, current portion 45,060 42,611
Acquisition purchase price payable 0 4,000
Total current liabilities 271,958 276,602
Deferred income, net of current portion 22,300 21,958
Deferred income tax liabilities, net 22,912 18,805
Operating lease liability, net of current portion 206,803 211,744
Long-term debt, net of current portion 1,168,416 1,110,308
Other liabilities 2,599 4,684
Total liabilities 1,694,988 1,644,101
Commitments and contingencies (Note 14)
Stockholders’ deficit    
Preferred stock and additional paid-in-capital, $0.0001 par value; 15,000,000 shares authorized; 3,712,883 shares issued and outstanding at June 30, 2024 and 3,591,804 shares issued and outstanding at December 31, 2023; liquidation preference $25 per share 42,232 44,103
Class A common stock and Class B common stock and additional paid-in capital as of June 30, 2024: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 17,013,320 shares issued and outstanding (Class A 15,742,515, 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) (34,420) (31,189)
Accumulated deficit (346,452) (268,777)
Total stockholders’ deficit (338,640) (255,863)
Total liabilities and stockholders’ deficit $ 1,356,348 $ 1,388,238