19. Quarterly Selected Financial Data (as restated) (Unaudited) (in thousands, except per share data)

The Company corrected a classification error in the condensed consolidated statement of cash flows that was immaterial to the previously reported condensed consolidated financial statements as of March 31, 2020 and June 30, 2020. In connection with our preparation of the condensed consolidated financial statements for the third quarter of 2020, the Company determined that the dividend declared on common stock in November 2019 and paid in February 2020 was originally presented within the change in other current liabilities in the operating activities section of the unaudited consolidated statement of cash flows for the three and six-month periods ended March 31, 2020 and June 30, 2020, but should have been classified as a cash outflow within financing activities. The effect of correcting such classification error for the respective previously reported interim periods resulted in a $2.4 million decrease in net cash provided by (used in) financing activities and a $2.4 million increase in net cash (used in) provided by operating activities (specifically, to increase by $2.4 million the change in other current liabilities).

The correction of the above classification error did not have any effect on the consolidated statements of operations or the consolidated balance sheet in any of the periods previously presented.

Restatement of Previously Issued Unaudited Condensed Consolidated Financial Statements

In lieu of filing amended quarterly reports on Form 10-Q, the following tables represent our restated unaudited condensed consolidated financial statements for each of the quarters during the year ended December 31, 2020 and the periods from March 20, 2019 to December 31, 2019. (See Note 1, “Restatement of Previously Issued Consolidated Financial Statements”, for additional information.

Following the restated consolidated financial statement tables, we have presented a reconciliation from our prior periods, as previously reported, to the restated amounts. The amounts as previously reported were derived from our Quarterly Reports on Form 10-Q for the interim periods of 2020 and 2019; and from the Annual Report on Form 10-K for the fiscal year ended December 31, 2020 filed on March 10, 2021.

The following represents the reconciliation of our unaudited interim Condensed Consolidated Statements of Operations and our Consolidated Statements of Comprehensive Income for the three-months ended March 31, June 30, September 30, and December 31, 2020.

	Three months ended March 31, 2020								Three months ended June 30, 2020									Three months ended September 30, 2020									Three months ended December 31, 2020
	As Reported			Restatement Impact		As Restated			As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated
Consolidated and Combined Statements of Operations
Interest expense and warrant issuance costs	$	(3,743	)	$	-	$	(3,743	)	$	(4,001	)	$	(1,386	)	$	(5,387	)	$	(3,483	)	$	-		$	(3,483	)	$	(3,476	)	$	-		$	(3,476	)
Change in fair value of warrant liabilities	$	-		$	50,300	$	50,300		$	-		$	12,100		$	12,100		$	-		$	(25,100	)	$	(25,100	)	$	-		$	(43,400	)	$	(43,400	)
Total other expense, net	$	(3,743	)	$	50,300	$	46,557		$	(4,001	)	$	10,714		$	6,713		$	(3,464	)	$	(25,100	)	$	(28,564	)	$	(3,465	)	$	(43,400	)	$	(46,865	)
(Loss) income before income tax expense (benefit)	$	(196,889	)	$	50,300	$	(146,589	)	$	(31,422	)	$	10,714		$	(20,708	)	$	(22,835	)	$	(25,100	)	$	(47,935	)	$	(28,531	)	$	(43,400	)	$	(71,931	)
Net (loss) income	$	(198,662	)	$	50,300	$	(148,362	)	$	(31,407	)	$	10,714		$	(20,693	)	$	(22,447	)	$	(25,100	)	$	(47,547	)	$	(27,975	)	$	(43,400	)	$	(71,375	)
Comprehensive (loss) income	$	(205,148	)	$	50,300	$	(154,848	)	$	(31,909	)	$	10,714		$	(21,195	)	$	(21,965	)	$	(25,100	)	$	(47,065	)	$	(27,663	)	$	(43,400	)	$	(71,063	)
Net loss per voting and non-voting share
Basic	$	(3.25	)	$	0.82	$	(2.43	)	$	(0.48	)	$	0.16		$	(0.31	)	$	(0.26	)	$	(0.30	)	$	(0.56	)	$	(0.33	)	$	(0.51	)	$	(0.84	)
Diluted	$	(3.25	)	$	0.02	$	(3.23	)	$	(0.48	)	$	0.16		$	(0.31	)	$	(0.26	)	$	(0.30	)	$	(0.56	)	$	(0.33	)	$	(0.51	)	$	(0.84	)

The following the reconciliation of our unaudited interim Condensed Consolidated Statements of Operations and our Consolidated Statements of Comprehensive Income for the period from March 20, 2019 to March 31, 2019, and for the three-months ended June 30, September 30, and December 31, 2019.

	March 20, 2019 to March 31, 2019									Three months ended June 30, 2019									Three months ended September 30, 2019								Three months ended December 31, 2019
	As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact		As Restated			As Reported			Restatement Impact			As Restated
Consolidated and Combined Statements of Operations
Change in fair value of warrant liabilities	$	-		$	(7,700	)	$	(7,700	)	$	-		$	(3,600	)	$	(3,600	)	$	-		$	600	$	600		$	-		$	(9,000	)	$	(9,000	)
Total other expense, net	$	(557	)	$	(7,700	)	$	(8,257	)	$	(4,271	)	$	(3,600	)	$	(7,871	)	$	(4,571	)	$	600	$	(3,971	)	$	(4,080	)	$	(9,000	)	$	(13,080	)
(Loss) income before income tax expense (benefit)	$	(21,833	)	$	(7,700	)	$	(29,533	)	$	3,827		$	(3,600	)	$	227		$	3,767		$	600	$	4,367		$	1,884		$	(9,000	)	$	(7,116	)
Net (loss) income	$	(22,579	)	$	(7,700	)	$	(30,279	)	$	4,559		$	(3,600	)	$	959		$	3,670		$	600	$	4,270		$	2,115		$	(9,000	)	$	(6,885	)
Net (loss) income attributable to common shareholders and Parent, respectively	$	(22,683	)	$	(7,700	)	$	(30,383	)	$	3,609		$	(3,600	)	$	9		$	2,362		$	600	$	2,962		$	1,143		$	(9,000	)	$	(7,857	)
Comprehensive (loss) income attributable to common shareholders and Parent	$	(23,508	)	$	(7,700	)	$	(31,208	)	$	3,479		$	(3,600	)	$	(121	)	$	2,422		$	600	$	3,022		$	2,757		$	(9,000	)	$	(6,243	)
Net loss per voting and non-voting share
Basic	$	(0.37	)	$	(0.13	)	$	(0.50	)	$	0.06		$	(0.06	)	$	0.00		$	0.04		$	0.01	$	0.05		$	0.02		$	(0.15	)	$	(0.13	)
Diluted	$	(0.37	)	$	(0.13	)	$	(0.50	)	$	0.05		$	(0.05	)	$	0.00		$	0.03		$	0.01	$	0.04		$	0.02		$	(0.15	)	$	(0.13	)

The following represents the reconciliation of our unaudited interim Condensed Consolidated Statements of Operations and our Condensed Consolidated Statements of Comprehensive Income for the six and nine-months ended June 30, 2020 and September 30, 2020, and for the periods from March 20, 2019 to June 30, 2019 and from March 20, 2019 to September 30, 2019.

	Six months ended June 30, 2020									Nine months ended September 30, 2020									March 20, 2019 to June 30, 2019									March 20, 2019 to September 30, 2019
	As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated
Consolidated and Combined Statements of Operations
Interest expense and warrant issuance costs	$	(7,744	)	$	(1,386	)	$	(9,130	)	$	(11,227	)	$	(1,386	)	$	(12,613	)	$	(4,828	)	$	-		$	(4,828	)	$	(11,227	)	$	-		$	(11,227	)
Change in fair value of warrant liabilities	$	-		$	62,400		$	62,400		$	-		$	37,300		$	37,300		$	-		$	(11,300	)	$	(11,300	)	$	-		$	(10,700	)	$	(10,700	)
Total other expense, net	$	(7,744	)	$	61,014		$	53,270		$	(11,208	)	$	35,914		$	24,706		$	(4,828	)	$	(11,300	)	$	(16,128	)	$	(9,399	)	$	(10,700	)	$	(20,099	)
(Loss) income before income tax expense (benefit)	$	(228,311	)	$	61,014		$	(167,297	)	$	(251,146	)	$	35,914		$	(215,232	)	$	(18,006	)	$	(11,300	)	$	(29,306	)	$	(14,239	)	$	(10,700	)	$	(24,939	)
Net (loss) income	$	(230,069	)	$	61,014		$	(169,055	)	$	(252,516	)	$	35,914		$	(216,602	)	$	(18,020	)	$	(11,300	)	$	(29,320	)	$	(14,350	)	$	(10,700	)	$	(25,050	)
Net (loss) income attributable to common shareholders and Parent, respectively	$	(230,069	)	$	61,014		$	(169,055	)	$	(252,516	)	$	35,914		$	(216,602	)	$	(19,074	)	$	(11,300	)	$	(30,374	)	$	(16,712	)	$	(10,700	)	$	(27,412	)
Comprehensive (loss) income attributable to common shareholders and Parent	$	(237,057	)	$	61,014		$	(176,043	)	$	(259,022	)	$	35,914		$	(223,108	)	$	(20,029	)	$	(11,300	)	$	(31,329	)	$	(17,043	)	$	(10,700	)	$	(27,743	)
Net loss per voting and non-voting share
Basic	$	(3.62	)	$	0.96		$	(2.66	)	$	(3.57	)	$	0.51		$	(3.06	)	$	(0.31	)	$	(0.18	)	$	(0.50	)	$	(0.27	)	$	(0.18	)	$	(0.45	)
Diluted	$	(3.62	)	$	0.96		$	(2.66	)	$	(3.57	)	$	0.51		$	(3.06	)	$	(0.31	)	$	(0.18	)	$	(0.50	)	$	(0.27	)	$	(0.18	)	$	(0.45	)

The following represents the reconciliation of our unaudited interim Condensed Consolidated Balance Sheets as of March 31, June 30, and September 30, 2020:

	As of September 30, 2020									As of June 30, 2020									As of March 31, 2020
	As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated
Consolidated Balance Sheets
Warrant liabilities	$	-		$	61,300		$	61,300		$	-		$	36,200		$	36,200		$	-		$	5,600		$	5,600
Total liabilities	$	277,516		$	61,300		$	338,816		$	283,219		$	36,200		$	319,419		$	293,882		$	5,600		$	299,482
Additional paid-in-capital	$	713,622		$	(78,900	)	$	634,722		$	712,512		$	(78,900	)	$	633,612		$	643,489		$	(36,200	)	$	607,289
Accumulated deficit	$	(268,085	)	$	17,600		$	(250,485	)	$	(245,638	)	$	42,700		$	(202,938	)	$	(214,231	)	$	30,600		$	(183,631	)
Total OneSpaWorld shareholders' equity	$	439,759		$	(61,300	)	$	378,459		$	460,614		$	(36,200	)	$	424,414		$	423,497		$	(5,600	)	$	417,897
Total shareholders' equity	$	439,759		$	(61,300	)	$	378,459		$	460,614		$	(36,200	)	$	424,414		$	423,497		$	(5,600	)	$	417,897

The following represents the reconciliation of our unaudited interim Condensed Consolidated Balance Sheets as of March 31, June 30, and September 30, 2019:

	As of September 30, 2019									As of June 30, 2019									As of March 31, 2019
	As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated			As Reported			Restatement Impact			As Restated
Warrant liabilities	$	-		$	46,900		$	46,900		$	-		$	47,500		$	47,500		$	-		$	43,900		$	43,900
Total liabilities	$	269,617		$	46,900		$	316,517		$	282,227		$	47,500		$	329,727		$	286,635		$	43,900		$	330,535
Additional paid-in-capital	$	655,335		$	(36,200	)	$	619,135		$	655,210		$	(36,200	)	$	619,010		$	655,210		$	(36,200	)	$	619,010
Accumulated deficit	$	(16,712	)	$	(10,700	)	$	(27,412	)	$	(19,074	)	$	(11,300	)	$	(30,374	)	$	(22,683	)	$	(7,700	)	$	(30,383	)
Total OneSpaWorld shareholders' equity	$	638,298		$	(46,900	)	$	591,398		$	635,751		$	(47,500	)	$	588,251		$	632,272		$	(43,900	)	$	588,372
Total Equity (deficit)	$	646,284		$	(46,900	)	$	599,384		$	642,429		$	(47,500	)	$	594,929		$	638,000		$	(43,900	)	$	594,100