XML 108 R88.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt and Finance Lease Obligations - Narrative (Details)
$ in Thousands, € in Millions, kr in Millions
12 Months Ended
Dec. 01, 2021
Jul. 30, 2021
USD ($)
Jan. 08, 2021
Aug. 05, 2020
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jan. 01, 2022
USD ($)
Jan. 01, 2022
ISK (kr)
Dec. 31, 2020
ISK (kr)
Dec. 29, 2020
ISK (kr)
Oct. 15, 2020
ISK (kr)
Aug. 31, 2020
USD ($)
Feb. 15, 2019
USD ($)
Feb. 15, 2019
EUR (€)
Oct. 24, 2018
USD ($)
Line Of Credit Facility [Line Items]                              
Fees       $ 9,200                      
Write off unamortized debt         $ 14,804 $ 2,737                  
Liabilities Current         $ 175,126 97,733                  
Insurance premium payment due term         12 months                    
Weighted average interest rate         3.64%                    
Revolving Credit Facility                              
Line Of Credit Facility [Line Items]                              
Borrowing capacity on line of credit                       $ 450,000      
FlyOver Iceland Credit Facility                              
Line Of Credit Facility [Line Items]                              
Line of Credit Facility, Maximum Borrowing Capacity                         $ 5,600 € 5.0  
Maturity date Mar. 01, 2025   Sep. 01, 2023   Mar. 01, 2022                    
Additional capital             $ 600 kr 5.0              
Credit facility [1]         $ 5,566 5,820                  
Revolving credit facility, balance outstanding [1]         $ 5,566 5,820                  
Maximum borrowing capacity on credit facility                         $ 5,600 € 5.0  
Line Of Credit Facility Amendment Description         an addendum to the FlyOver Iceland Credit Facility effective January 8, 2021 wherein the principal payments were deferred for twelve months beginning December 1, 2020, with the first payment due December 1, 2021. The addendum also extended the maturity date to September 1, 2023. During the first quarter of 2021, we obtained a waiver of certain covenants to the FlyOver Iceland Credit Facility through December 2021. There were no other changes to the terms of the FlyOver Iceland Credit Facility.                    
Line Of Credit Facility Date Of First Required Payment1 Dec. 01, 2022   Dec. 01, 2021                        
Fly Over Iceland Term Loan                              
Line Of Credit Facility [Line Items]                              
Line of Credit Facility, Maximum Borrowing Capacity           700     kr 90.0            
Credit facility [1]         $ 689 705                  
Revolving credit facility, balance outstanding [1]         689 705                  
Maximum borrowing capacity on credit facility           700     kr 90.0            
2021 Credit Facility                              
Line Of Credit Facility [Line Items]                              
Line of Credit Facility, Maximum Borrowing Capacity   $ 500,000                          
Loans Proceeds Offset   400,000                          
Fees   $ 14,800                          
Commitment fee percentage on line of credit   0.50%                          
Maximum borrowing capacity on credit facility   $ 500,000                          
2021 Credit Facility | Maximum | LIBOR rate [Member]                              
Line Of Credit Facility [Line Items]                              
Interest rate description   LIBOR plus 3.50% with an undrawn fee of 0.50%                          
2021 Credit Facility | Minimum [Member] | LIBOR rate [Member]                              
Line Of Credit Facility [Line Items]                              
Interest rate description   LIBOR plus 2.50% with an undrawn fee of 0.30%                          
2021 Credit Facility | Revolving Credit Facility                              
Line Of Credit Facility [Line Items]                              
Line of Credit Facility, Maximum Borrowing Capacity   $ 100,000                          
Maturity date   Jul. 30, 2026                          
Minimum liquidity requirement   $ 75,000                          
Remaining borrowing capacity on line of credit         87,400                    
Credit facility         100,000                    
Revolving credit facility, balance outstanding         100,000                    
Letters of Credit Outstanding         12,600                    
Maximum borrowing capacity on credit facility   $ 100,000                          
2021 Credit Facility | Revolving Credit Facility | LIBOR rate [Member]                              
Line Of Credit Facility [Line Items]                              
Interest rate description   LIBOR plus 3.50%                          
2021 Credit Facility | Revolving Credit Facility | Maximum                              
Line Of Credit Facility [Line Items]                              
Financial covenants leverage ratio step up   4.00%                          
Debt covenant, interest coverage ratio   2.50%                          
Leverage ratio   4.50%                          
2021 Credit Facility | Revolving Credit Facility | Minimum [Member]                              
Line Of Credit Facility [Line Items]                              
Interest coverage ratio   2.00%                          
2021 Credit Facility | Term Loan B                              
Line Of Credit Facility [Line Items]                              
Borrowing capacity on line of credit   $ 400,000                          
Line of Credit Facility, Maximum Borrowing Capacity   400,000                          
Loans Proceeds Offset   $ 327,000                          
Maturity date   Jul. 30, 2028                          
Maximum borrowing capacity on credit facility   $ 400,000                          
2021 Credit Facility | Term Loan B | LIBOR rate [Member]                              
Line Of Credit Facility [Line Items]                              
Interest rate description   5.00%, with a LIBOR floor of 0.50%                          
Second Amended And Restated Credit Agreement [Member]                              
Line Of Credit Facility [Line Items]                              
Write off unamortized debt         $ 2,100                    
Second Amended And Restated Credit Agreement [Member] | Revolving Credit Facility                              
Line Of Credit Facility [Line Items]                              
Borrowing capacity on line of credit                             $ 450,000
Maturity date   Oct. 24, 2023                          
Credit facility [1]           266,762                  
Revolving credit facility, balance outstanding [1]           $ 266,762                  
Second Amended And Restated Credit Agreement [Member] | Term Loan B                              
Line Of Credit Facility [Line Items]                              
Loans Proceeds Offset   $ 400,000                          
Fees   $ 14,800                          
Interest coverage ratio   0.00%                          
First Term Loan [Member] | Fly Over Iceland Term Loan                              
Line Of Credit Facility [Line Items]                              
Line of Credit Facility, Maximum Borrowing Capacity | kr                     kr 10.0        
Maturity date           Apr. 01, 2023                  
Maximum borrowing capacity on credit facility | kr                     10.0        
Line Of Term Loan Amendment Description           bears interest on a seven-day term deposit at the Central Bank of Iceland.                  
Second Term Loan [Member] | Fly Over Iceland Term Loan                              
Line Of Credit Facility [Line Items]                              
Line of Credit Facility, Maximum Borrowing Capacity | kr                     30.0        
Maturity date           Oct. 01, 2024                  
Maximum borrowing capacity on credit facility | kr                     kr 30.0        
Third Term Loan [Member]                              
Line Of Credit Facility [Line Items]                              
Line Of Term Loan Amendment Description           bears interest on a seven-day term deposit at the Central Bank of Iceland plus 3.07%. The third term loan for ISK 50.0 million was entered into effective December 29, 2020 with a maturity date of February 1, 2023 and bears interest at one-month Reykjavik InterBank Offered Rate (“REIBOR”) plus 4.99%. The Icelandic State Treasury guarantees supplemental loans provided by credit institutions to companies impacted by the COVID-19 pandemic. Accordingly, the Icelandic State Treasury guaranteed the repayment of up to 85% of the principal and interest on the ISK 10.0 million and ISK 30.0 million term loans and 70% of the principal amount on the ISK 50.0 million term loan.                  
Third Term Loan [Member] | Fly Over Iceland Term Loan                              
Line Of Credit Facility [Line Items]                              
Line of Credit Facility, Maximum Borrowing Capacity | kr                   kr 50.0          
Maturity date           Feb. 01, 2023                  
Maximum borrowing capacity on credit facility | kr                   kr 50.0          
Line Of Term Loan Amendment Description           bears interest at one-month Reykjavik InterBank Offered Rate (“REIBOR”) plus 4.99%. The Icelandic State Treasury guarantees supplemental loans provided by credit institutions to companies impacted by the COVID-19 pandemic. Accordingly, the Icelandic State Treasury guaranteed the repayment of up to 85% of the principal and interest on the ISK 10.0 million and ISK 30.0 million term loans and 70% of the principal amount on the ISK 50.0 million term loan                  
[1] Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.