Debt and Finance Lease Obligations (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt and Finance Lease Obligations

The components of debt and finance obligations consisted of the following:

	September 30,			December 31,
(in thousands, except interest rates)	2023			2022
2021 Credit Facility - Term Loan B, 10.8% interest rate at September 30, 2023 and 9.4% at December 31, 2022, due through 2028(1)	$	392,000		$	395,000
Jasper Term Loan, 6.5% interest rate at September 30, 2023, due through 2028(1)		12,367			—
Jasper Revolving Credit Facility, 9.5% weighted-average interest rate at September 30, 2023, due through 2028(1)		5,164			—
Forest Park Hotel Construction Loan, 8.8% interest rate at December 31, 2022(1)		—			11,491
FlyOver Iceland Credit Facility, 8.7% interest rate at September 30, 2023 and 6.9% at December 31, 2022, due through 2027(1)		4,108			4,965
FlyOver Iceland Term Loans, 13.7% weighted-average interest rate at September 30, 2023 and 10.1% at December 31, 2022, due through 2024(1)		500			594
Less unamortized debt issuance costs		(9,273	)		(11,848	)
Total debt		404,866			400,202
Finance lease obligations, 9.2% weighted-average interest rate at September 30, 2023 and 9.1% at December 31, 2022, due through 2067		63,506			64,729
Financing arrangements		—			5,013
Total debt and finance obligations (2)(3)		468,372			469,944
Current portion		(8,191	)		(13,192	)
Long-term debt and finance obligations	$	460,181		$	456,752

(1)Represents the weighted-average interest rate in effect as of the end of the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

(2)The estimated fair value of total debt and finance leases was $326.7 million as of September 30, 2023 and $301.8 million as of December 31, 2022. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. Refer to Note 14 – Fair Value Measurements for additional information.

(3)Cash paid for interest on debt was $35.7 million during the nine months ended September 30, 2023 and $23.7 million during the nine months ended September 30, 2022.