SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Summary of (Loss) Income per Basic and Diluted Share Calculation

The following table provides details underlying OneSpaWorld’s (loss) income per basic and diluted share calculation (in thousands, except per share amounts):

	Three Months Ended September 30, 2020			Three Months Ended September 30, 2019		Nine Months Ended September 30, 2020			March 20 to September 30, 2019
Net (loss) income attributable to common shareholders – basic and diluted (a)	$	(22,447	)	$	2,362	$	(252,516	)	$	(16,712	)
Weighted average shares outstanding:
Basic		84,968			61,118		70,737			61,118
Diluted		84,968			75,012		70,737			61,118
(Loss) income per share Voting and Non-Voting:
Basic	$	(0.26	)	$	0.04	$	(3.57	)	$	(0.27	)
Diluted	$	(0.26	)	$	0.03	$	(3.57	)	$	(0.27	)

(a) Calculated as total net loss less amounts attributable to noncontrolling interest.

Summary of Basic and Diluted per Share Computation

The following is a reconciliation of the denominator of the basic and diluted per share computation for the three months ended September 30, 2019 (in thousands):

Weighted average shares outstanding	61,118
Common stock warrants	6,526
Deferred shares	6,600
Employee stock options	759
Board of directors restricted stock units	9
Weighted average shares outstanding - diluted	75,012

Schedule of Weighted-Average Number of Antidilutive Potential Common Shares

The table below presents the weighted-average number of antidilutive potential common shares that are not considered in the calculation of diluted loss per share (in thousands):

	Three Months Ended September 30, 2020		Three Months Ended September 30, 2019		Nine Months Ended September 30, 2020		March 20 to September 30, 2019
Common stock warrants		29,150		17,974		26,243		24,500
Deferred shares		1,600		—		4,593		6,600
Employee stock options		4,376		3,626		4,376		4,493
Restricted stock units		798		32		415		19
Performance stock units		661		—		328		—
		36,585		21,632		35,955		35,612

Summary of Reconciles Cash, Cash Equivalents and Restricted Cash

These balances include amounts held in escrow accounts, as a result of a legal proceeding related to tax assessments. The following table reconciles cash, cash equivalents and restricted cash reported in our condensed consolidated balance sheet as of September 30, 2020 to the total amount presented in our condensed consolidated statements of cash flows for the nine months ended September 30, 2020 (in thousands):

Cash and cash equivalents	$	47,318
Restricted cash		1,896
Total cash and restricted cash in the condensed consolidated statement of cash flows	$	49,214