SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Summary of Reconciles Cash, Cash Equivalents and Restricted Cash

The following table reconciles cash, cash equivalents and restricted cash reported in our condensed consolidated balance sheet as of September 30, 2021 to the total amount presented in our condensed consolidated statements of cash flows for the nine months ended September 30, 2021 (in thousands):

Cash and cash equivalents	$	32,682
Restricted cash		1,896
Total cash and restricted cash in the consolidated statement of cash flows	$	34,578

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

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2021 (a)			2020 (as restated) (a)			2021 (a)			2020 (as restated) (a)
Net loss, adjusted for change in fair value of warrant liabilities for diluted earnings per share	$	(12,342	)	$	(47,547	)	$	(57,605	)	$	(216,602	)
Weighted average shares outstanding – Basic		90,852			84,968			89,559			70,737
Weighted average shares outstanding – Diluted		90,852			84,968			89,559			70,737
Income loss per share:
Basic	$	(0.14	)	$	(0.56	)	$	(0.64	)	$	(3.06	)
Diluted	$	(0.14	)	$	(0.56	)	$	(0.64	)	$	(3.06	)

(a)  Potential common shares under the treasury stock method and the if-converted method were antidilutive because the Company reported an adjusted net loss in this period and the effect of the change in the fair value of warrants was antidilutive. Consequently, the Company did not have any adjustments in this period between basic and diluted loss per share related to stock options, restricted share units and warrants.

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,				Nine Months Ended September 30,
	2021		2020		2021		2020
Sponsor Warrants		8,000		8,000		8,000		8,000
Public Warrants		16,145		16,150		16,147		16,235
2020 PIPE Warrants		5,000		5,000		5,000		2,008
Deferred shares		—		1,600		515		4,593
Employee stock options		1,269		4,376		3,015		4,376
Restricted stock units		1,598		798		1,752		415
Performance stock units		699		661		704		328
		32,711		36,585		35,133		35,955