7Baggers

Lindblad Expeditions Holdings, Inc
(NASDAQ:LIND) 

LIND stock logo

Lindblad Expeditions Holdings, Inc. provides expedition cruising and adventure travel experiences. The company delivers voyages through a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-g...

Founded: 1979
Full Time Employees: 640
Sector: Consumer Cyclical
Industry: Travel Services
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At a glance:
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Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 
                                                        
      tour revenues
    		208,013,000 183,181,000 240,172,000 167,945,000 179,721,000 148,609,000 206,005,000 136,499,000 153,614,000 125,360,000 175,989,000 124,798,000 143,395,000 117,960,000 144,783,000 90,910,000 67,846,000 65,552,000 64,507,000 15,266,000 1,780,000 365,000 1,019,000 -268,000 81,238,000 75,797,000 100,983,000 76,658,000 89,654,000 70,609,000 87,242,000 69,473,000 82,410,000 63,221,000 84,584,000 55,571,000 63,128,000 56,128,000 70,774,000 53,871,000 61,574,000 46,472,126 58,561,323          
      yoy
    		15.74% 23.26% 16.59% 23.04% 17.00% 18.55% 17.06% 9.38% 7.13% 6.27% 21.55% 37.28% 111.35% 79.95% 124.45% 495.51% 3711.57% 17859.45% 6230.42% -5796.27% -97.81% -99.52% -98.99% -100.35% -9.39% 7.35% 15.75% 10.34% 8.79% 11.69% 3.14% 25.02% 30.54% 12.64% 19.51% 3.16% 2.52% 20.78% 20.85%              
      qoq
    		13.56% -23.73% 43.01% -6.55% 20.94% -27.86% 50.92% -11.14% 22.54% -28.77% 41.02% -12.97% 21.56% -18.53% 59.26% 33.99% 3.50% 1.62% 322.55% 757.64% 387.67% -64.18% -480.22% -100.33% 7.18% -24.94% 31.73% -14.50% 26.97% -19.07% 25.58% -15.70% 30.35% -25.26% 52.21% -11.97% 12.47% -20.69% 31.38% -12.51% 32.50% -20.64%           
      operating expenses:
    		                                                    
      cost of tours
    		106,743,000 109,407,000 124,373,000 91,391,000 92,848,000 81,243,000 104,488,000 78,641,000 79,302,000 77,083,000 95,590,000 77,654,000 72,050,000 75,194,000 87,576,000 62,499,000 57,947,000 51,214,000 45,600,000 19,391,000 8,279,000 9,943,000 8,075,000 12,721,000 42,192,000 41,777,000 48,294,000 37,520,000 39,017,000 39,098,000 44,964,000 33,810,000 35,871,000 35,746,000 38,480,000 28,697,000 32,603,000 31,866,000 32,446,000 29,390,000 25,275,000 24,086,296 25,443,716          
      general and administrative
    		32,047,000 31,363,000 34,808,000 31,083,000 32,722,000 39,086,000 34,300,000 34,148,000 32,387,000 32,842,000 30,015,000 29,155,000 26,419,000 27,409,000 24,535,000 23,710,000 20,637,000 19,322,000 17,023,000 15,288,000 13,812,000 9,338,000 9,145,000 9,798,000 17,226,000 15,129,000 15,266,000 16,268,000 16,082,000 17,251,000 14,718,000 15,879,000 15,050,000 13,819,000 16,526,000 15,082,000 15,101,000 15,156,000 12,915,000 12,637,000 11,188,000 11,476,360 9,709,100          
      selling and marketing
    		35,936,000 29,994,000 30,091,000 26,390,000 28,242,000 20,976,000 25,003,000 18,281,000 22,758,000 16,229,000 19,387,000 15,158,000 20,652,000 19,803,000 16,025,000 12,839,000 12,329,000 10,804,000 10,213,000 4,962,000 2,506,000 1,818,000 2,128,000 3,406,000 12,879,000 12,672,000 15,531,000 12,567,000 14,002,000 12,076,000 12,255,000 10,583,000 12,073,000 10,833,000 11,676,000 9,550,000 10,296,000 9,778,000 10,164,000 9,512,000 9,618,000 8,163,553 9,464,802          
      depreciation and amortization
    		17,672,000 17,923,000 14,930,000 14,674,000 15,295,000 14,875,000 12,733,000 13,637,000 11,317,000 13,051,000 10,521,000 11,331,000 11,808,000 10,849,000 10,839,000 11,176,000 11,178,000 13,740,000 9,323,000 8,213,000 8,249,000 8,356,000 8,485,000 8,553,000 6,690,000 7,166,000 6,233,000 6,182,000 6,188,000 5,706,000 5,024,000 4,994,000 5,045,000 5,339,000 4,354,000 3,895,000 3,763,000 3,897,000 5,080,000 4,869,000 4,574,000 3,309,281 2,688,894          
      total operating expenses
    		192,398,000 188,687,000 204,202,000 163,538,000 169,107,000 156,180,000 176,524,000 144,707,000 145,764,000 139,205,000 155,513,000 133,298,000 130,929,000 133,255,000 138,975,000 110,224,000 102,091,000 95,080,000 82,159,000 47,854,000 32,846,000 29,455,000 27,833,000 34,478,000 78,987,000 76,744,000 85,324,000 72,537,000 75,289,000 35,033,000 31,997,000 31,456,000 32,168,000 29,991,000 32,556,000 28,527,000 29,160,000 28,831,000 28,159,000 27,018,000 25,380,000 23,027,328 27,357,771          
      operating income
    		15,615,000 -5,506,000 35,970,000 4,407,000 10,614,000 -7,571,000 29,481,000 -8,208,000 7,850,000 -13,845,000 20,476,000 -8,500,000 12,466,000 -15,295,000 5,808,000 -19,314,000 -34,245,000 -29,528,000 -17,652,000 -32,588,000 -31,066,000 -29,090,000 -26,814,000 -34,746,000 2,251,000 -947,000 15,659,000 4,121,000 14,365,000 -3,522,000 10,281,000 4,207,000 14,371,000 -2,516,000 13,548,000 -1,653,000 1,365,000 -4,569,000 10,169,000 -2,537,000 10,919,000 -641,498 5,759,836          
      yoy
    		47.12% -27.28% 22.01% -153.69% 35.21% -45.32% 43.98% -3.44% -37.03% -9.48% 252.55% -55.99% -136.40% -48.20% -132.90% -40.73% 10.23% 1.51% -34.17% -6.21% -1480.10% 2971.81% -271.24% -943.14% -84.33% -73.11% 52.31% -2.04% -0.04% 39.98% -24.11% -354.51% 952.82% -44.93% 33.23% -34.84% -87.50% 612.24% 76.55%              
      qoq
    		-383.60% -115.31% 716.20% -58.48% -240.19% -125.68% -459.17% -204.56% -156.70% -167.62% -340.89% -168.19% -181.50% -363.34% -130.07% -43.60% 15.97% 67.28% -45.83% 4.90% 6.79% 8.49% -22.83% -1643.58% -337.70% -106.05% 279.98% -71.31% -507.86% -134.26% 144.38% -70.73% -671.18% -118.57% -919.60% -221.10% -129.88% -144.93% -500.83% -123.23% -1802.11% -111.14%           
      operating margin %
    		7.51% -3.01% 14.98% 2.62% 5.91% -5.09% 14.31% -6.01% 5.11% -11.04% 11.63% -6.81% 8.69% -12.97% 4.01% -21.25% -50.47% -45.05% -27.36% -213.47% -1745.28% -7969.86% -2631.40% 12964.93% 2.77% -1.25% 15.51% 5.38% 16.02% -4.99% 11.78% 6.06% 17.44% -3.98% 16.02% -2.97% 2.16% -8.14% 14.37% -4.71% 17.73% -1.38% 9.84% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% 
      other income:
    		                                                    
      interest expense
    		-10,579,000 -10,728,000 -11,256,000 -11,617,000 -11,630,000 -11,598,000 -11,234,000 -11,321,000 -11,585,000 -11,421,000 -11,482,000 -11,645,000 -10,467,000 -10,995,000 -8,369,000 -9,416,000 -8,715,000 -7,142,000 -6,063,000 -5,705,000 -5,669,000 -4,929,000 -4,529,000 -4,179,000 -3,054,000 -2,897,000 -3,214,000 -3,188,000 -2,989,000 -2,817,000 -2,409,000 -2,870,000 -2,734,000 -2,544,000 -2,802,000 -2,076,000 -2,315,000 -2,232,000 -2,476,000 -2,690,000 -2,748,000 -2,875,061 -2,948,312   -13,500 -11,989 -9,180 -7,020    
      gain on foreign currency
    		-269,000 95,000 -318,000 759,000 542,000 -1,017,000 203,000 -12,000 -239,000 705,000 -455,000 348,000 152,000   -676,000 130,000 -100,000 -1,434,000 199,000 70,000 1,562,000 989,000 -3,879,000 -3,443,000 1,275,000 -2,338,000 501,000 656,000 -745,000 163,000 -1,141,000 -451,000 97,000 224,000      71,000 6,533 147,833          
      other income
    		58,000 -725,000 1,105,000 30,000 -1,000 150,000 1,000  8,000 -293,000 -77,000 -3,867,000 170,000 -391,000 -333,000 -116,000 533,000 11,125,000 4,357,000 2,000 1,000     -19,750 -30,000  -19,000 -29,500 1,000 -128,000 8,000 -36,000 59,000 107,000  -1,135,000 -38,000   30,000 -23,978          
      total other expense
    		-10,790,000 -11,358,000 -33,961,000 -10,828,000 -11,089,000 -12,465,000 -11,030,000 -11,333,000 -11,816,000 -11,009,000 -12,014,000 -15,164,000 -10,145,000 -11,205,000 -9,574,000 -10,208,000 -8,052,000 3,883,000 -3,140,000 -5,504,000 -5,598,000 -3,262,000 -3,614,000 -8,120,000 -6,550,000 -1,609,000 -5,582,000 -2,717,000 -2,352,000 -3,609,000 -2,245,000 -4,139,000 -3,177,000 -1,560,500 -2,519,000 -1,392,000 -2,332,000    -2,677,000            
      income before income taxes
    		4,825,000 -16,864,000 2,009,000 -6,421,000 -475,000 -20,036,000 18,451,000 -19,541,000 -3,966,000 -24,854,000 8,462,000 -23,664,000 2,321,000 -26,500,000 -3,766,000 -29,522,000 -42,297,000 -25,645,000 -20,792,000 -38,092,000 -36,664,000 -32,352,000 -30,428,000 -42,866,000 -4,299,000 -2,556,000 10,077,000 1,404,000 12,013,000 -7,131,000 8,036,000 68,000 11,194,000 -4,545,000 11,029,000  -967,000 -8,448,000 7,650,000 -5,584,000 8,242,000 -3,479,974 2,935,379          
      income tax benefit
    		-1,226,000 -875,750 -2,564,000             -964,000 -149,000   -2,357,000 -2,801,000    -1,828,000           -467,000 -1,592,000    -2,225,000            
      net income
    		6,051,000 -22,842,000 4,573,000 -6,968,000 1,011,000 -25,190,000 25,198,000 -23,994,000 -4,210,000 -26,413,000 8,459,000 -23,705,000 778,000 -31,957,000 -5,498,000 -28,558,000 -42,148,000 -26,274,000 -23,299,000 -35,735,000 -33,863,000 -30,211,000 -27,535,000 -39,923,000 -2,471,000 92,000 2,726,000 851,000 15,079,000 -4,553,000 5,346,000 -159,000 10,917,000 -15,020,000 9,443,000 -2,578,000 625,000 -8,361,000 7,447,000 -4,494,000 10,467,000 -442,041 4,416,278 -773,561 -1,410,283 -267,329 -239,365 -263,633 -241,981 -248,249 -272,745 -195,625 
      yoy
    		498.52% -9.32% -81.85% -70.96% -124.01% -4.63% 197.88% 1.22% -641.13% -17.35% -253.86% -16.99% -101.85% 21.63% -76.40% -20.08% 24.47% -13.03% -15.38% -10.49% 1270.42% -32938.04% -1110.09% -4791.30% -116.39% -102.02% -49.01% -635.22% 38.12% -69.69% -43.39% -93.83% 1646.72% 79.64% 26.80% -42.63% -94.03% 1791.45% 68.63% 480.95% -842.19% 65.35% -1945.00% 193.42% 482.81% 7.69% -12.24% 34.76%     
      qoq
    		-126.49% -599.50% -165.63% -789.22% -104.01% -199.97% -205.02% 469.93% -84.06% -412.25% -135.68% -3146.92% -102.43% 481.25% -80.75% -32.24% 60.42% 12.77% -34.80% 5.53% 12.09% 9.72% -31.03% 1515.66% -2785.87% -96.63% 220.33% -94.36% -431.19% -185.17% -3462.26% -101.46% -172.68% -259.06% -466.29% -512.48% -107.48% -212.27% -265.71% -142.93% -2467.88% -110.01% -670.90% -45.15% 427.55% 11.68% -9.21% 8.95% -2.52% -8.98% 39.42%  
      net income margin %
    		2.91% -12.47% 1.90% -4.15% 0.56% -16.95% 12.23% -17.58% -2.74% -21.07% 4.81% -18.99% 0.54% -27.09% -3.80% -31.41% -62.12% -40.08% -36.12% -234.08% -1902.42% -8276.99% -2702.16% 14896.64% -3.04% 0.12% 2.70% 1.11% 16.82% -6.45% 6.13% -0.23% 13.25% -23.76% 11.16% -4.64% 0.99% -14.90% 10.52% -8.34% 17.00% -0.95% 7.54% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% 
      net income attributable to noncontrolling interest
    		-449,000 713,000 3,383,000 1,550,000 -150,000 -141,000 2,683,000 673,000 -231,000 992,000 2,821,000 765,000 157,000 221,000 3,228,000 198,000 -427,000 55,000 1,039,000 -437,000 -619,000 -447,000 -156,000 -265,000 -537,000 1,561,000 565,000 -137,000 406,000 93,000 279,000 -293,000 121,000 983,000 165,000 -45,000 29,000 314,000 29,000 -148,000             
      net income attributable to lindblad expeditions holdings, inc.
    		6,500,000 -23,555,000 1,190,000 -8,518,000 1,161,000 -25,049,000 22,515,000 -24,667,000 -3,979,000 -27,405,000 5,638,000 -24,470,000 621,000 -32,178,000 -8,726,000 -28,756,000 -41,721,000 -26,329,000 -24,338,000 -35,298,000 -33,244,000 -29,764,000 -27,379,000                              
      series a redeemable convertible preferred stock dividend
    		497,000 1,259,000 1,239,000 1,223,000 1,204,000 1,186,000 1,168,000 1,150,000 1,136,000 1,118,000 1,098,000 1,083,000 1,069,000 1,053,000 1,036,000 1,283,000 1,298,000 1,327,000 1,340,000 1,318,000 1,301,000                                
      net income available to stockholders
    		6,003,000 -2,458,250 -49,000   -2,396,250 21,347,000   -5,365,000 4,540,000           -31,469,000 -27,379,000                              
      weighted-average shares outstanding:
    		                                                    
      basic
    		60,247,385,000 54,970,812,000 55,557,530,000 54,590,783,000 54,623,008,000 53,817,462,000 54,097,365,000 53,500,084,000 53,372,171,000 53,256,513,000 53,309,336,000 53,245,491,000 53,128,100,000 52,018,987,000 53,045,329,000 51,195,280,000 50,757,126,000 50,109,426,000 50,110,188,000 50,064,152,000 49,865,234,000 49,737,129,000 49,779,525,000 49,741,635,000 49,625,127,000 47,440,788,000 48,863,506,000 46,155,981,000 45,565,381,000 45,378,188,000 45,423,127,000 45,894,155,000 45,274,540,000 44,576,912,000 44,457,656,000 44,428,947,000 44,707,273,000 45,649,971,000  45,670,721,000 45,470,155,000 44,917,829,000           
      diluted
    		61,113,044,000 54,970,812,000 55,557,530,000 54,590,783,000 54,623,008,000 53,817,462,000 62,591,165,000 53,500,084,000 53,372,171,000 53,256,513,000 53,401,799,000 53,245,491,000 53,128,100,000 52,018,987,000 53,045,329,000 51,195,280,000 50,757,126,000 50,109,426,000 50,110,188,000 50,064,152,000 49,865,234,000 49,737,129,000 49,779,525,000 49,741,635,000 49,625,127,000 49,426,563,000 48,863,506,000 49,485,004,000 47,429,343,000 46,340,054,000 47,690,395,000 46,442,611,000 45,667,565,000 44,576,912,000 45,718,513,000 44,428,947,000 45,761,938,000 46,456,921,000  45,670,721,000 46,122,844,000 45,575,387,000           
      undistributed income per share available to stockholders:
    		                                                    
      basic
    		0.1 -0.45  -0.18  -0.49 0.39 -0.48 -0.1 -0.54 0.08 -0.48 -0.01 -0.63 -0.18 -0.59 -0.85 -0.54 -0.5 -0.71 -0.66                                
      diluted
    		0.09 -0.45  -0.18  -0.49 0.36 -0.48 -0.1 -0.54 0.08 -0.48 -0.01 -0.63 -0.18 -0.59 -0.85 -0.54 -0.5 -0.71 -0.66                                
      loss on extinguishment of debt
    		  -23,492,000                                                  
      weighted-average shares outstanding
    		                                                    
      basic
    		60,247,385,000 54,970,812,000 55,557,530,000 54,590,783,000 54,623,008,000 53,817,462,000 54,097,365,000 53,500,084,000 53,372,171,000 53,256,513,000 53,309,336,000 53,245,491,000 53,128,100,000 52,018,987,000 53,045,329,000 51,195,280,000 50,757,126,000 50,109,426,000 50,110,188,000 50,064,152,000 49,865,234,000 49,737,129,000 49,779,525,000 49,741,635,000 49,625,127,000 47,440,788,000 48,863,506,000 46,155,981,000 45,565,381,000 45,378,188,000 45,423,127,000 45,894,155,000 45,274,540,000 44,576,912,000 44,457,656,000 44,428,947,000 44,707,273,000 45,649,971,000  45,670,721,000 45,470,155,000 44,917,829,000           
      diluted
    		61,113,044,000 54,970,812,000 55,557,530,000 54,590,783,000 54,623,008,000 53,817,462,000 62,591,165,000 53,500,084,000 53,372,171,000 53,256,513,000 53,401,799,000 53,245,491,000 53,128,100,000 52,018,987,000 53,045,329,000 51,195,280,000 50,757,126,000 50,109,426,000 50,110,188,000 50,064,152,000 49,865,234,000 49,737,129,000 49,779,525,000 49,741,635,000 49,625,127,000 49,426,563,000 48,863,506,000 49,485,004,000 47,429,343,000 46,340,054,000 47,690,395,000 46,442,611,000 45,667,565,000 44,576,912,000 45,718,513,000 44,428,947,000 45,761,938,000 46,456,921,000  45,670,721,000 46,122,844,000 45,575,387,000           
      income tax expense
    		   547,000 -1,486,000 5,154,000 -6,747,000 4,453,000 244,000 1,559,000 3,000 41,000 1,543,000 5,457,000 1,732,000   629,000 2,507,000   -2,141,000 -2,893,000 -2,943,000  -2,648,000 7,351,000 553,000 -3,066,000 -2,578,000 2,690,000 227,000 277,000 10,475,000 1,586,000   -87,000 203,000 -1,090,000  -3,037,933 -1,480,899          
      net loss available to stockholders
    		   -9,741,000 -43,000   -25,817,000 -5,115,000   -25,553,000 -448,000 -33,231,000 -9,762,000 -30,039,000 -43,019,000 -24,209,750 -25,678,000 -36,616,000 -34,545,000                                
      loss on foreign currency
    		             181,000 -872,000                      246,000   -357,000             
      other expense
    		                     105,000 -74,000 -62,000 -53,000   -30,000         -263,000                
      non-cash deemed dividend to warrant holders
    		                          2,654,000                          
      undistributed earnings per share available to stockholders
    		                                                    
      basic
    		                     -0.61 -0.56                              
      diluted
    		                     -0.61 -0.56                              
      net income available to common stockholders
    		                       -39,658,000 -1,934,000 -1,469,000 -493,000 988,000 14,673,000 -4,646,000 5,067,000 134,000 10,796,000 -16,003,000 9,278,000 -2,533,000 596,000     -442,041 4,416,278          
      net income per share
    		                                                    
      basic
    		                       -0.8 -0.04 -0.03 -0.01 0.02 0.32 -0.1 0.11  0.24 -0.35 0.21                  
      diluted
    		                       -0.8 -0.04 -0.03 -0.01 0.02 0.31 -0.11 0.11  0.24 -0.35 0.2                  
      net income attributable to lindblad expeditions holdings, inc
    		                         4,455,500 2,161,000                          
      other expense:
    		                                                    
      gross profit
    		                             31,511,000 42,278,000 35,663,000 46,539,000 27,475,000 46,104,000 26,874,000 30,525,000 24,262,000 38,328,000 24,481,000 36,299,000 22,385,830 33,117,607          
      yoy
    		                             14.69% -8.30% 32.70% 52.46% 13.24% 20.29% 9.77% -15.91% 8.38% 15.73%              
      qoq
    		                             -25.47% 18.55% -23.37% 69.39% -40.41% 71.56% -11.96% 25.81% -36.70% 56.56% -32.56% 62.15% -32.41%           
      gross margin %
    		0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 44.63% 48.46% 51.33% 56.47% 43.46% 54.51% 48.36% 48.35% 43.23% 54.16% 45.44% 58.95% 48.17% 56.55% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% 
      net income attributable to lindblad
    		                                 1,835,500 9,278,000 -2,533,000 596,000 -8,675,000 7,418,000 -4,346,000             
      common stock
    		                                                    
      gain (loss) on foreign currency
    		                                   577,000                 
      (loss) income before income taxes
    		                                   -3,045,000                 
      (loss) earnings per share attributable to lindblad
    		                                                    
      basic
    		                                   -0.06                 
      diluted
    		                                   -0.06                 
      earnings per share attributable to lindblad
    		                                                    
      basic
    		                                    0.01 -0.19 0.16 -0.1 0.23 -0.01 0.1          
      diluted
    		                                    0.01 -0.19 0.16 -0.1 0.23 -0.01 0.1          
      merger-related expenses
    		                                                    
      (loss) gain on foreign currency
    		                                     -72,750 -5,000              
      gain on transfer of assets
    		                                         52           
      total other income
    		                                     -2,060,750 -2,519,000 -3,047,000  -2,838,476 -2,824,457 13 1,265 -6,135 8,159 15,372 22,997    
      weighted average shares outstanding
    		                                                    
      basic
    		                                      45,776,443,000    45,004,393          
      diluted
    		                                      46,541,257,000    46,456,315          
      earnings per share
    		                                                    
      basic
    		                                    0.01 -0.19 0.16 -0.1 0.23 -0.01 0.1          
      diluted
    		                                    0.01 -0.19 0.16 -0.1 0.23 -0.01 0.1          
      merger related expenses
    		                                         3,316,466.5 5,494,975          
      change in fair value of obligation to repurchase shares of common stock
    		                                                    
      class b common stock
    		                                                    
      net income available to class b common stockholders
    		                                                    
      revenue
    		                                                    
      operating expenses
    		                                           773,574 1,411,548 261,194 247,524 279,005     
      income from operations
    		                                           -773,574 -1,411,548 -261,194 -247,524 -279,005 -264,978 -250,813 -291,762 -201,678 
      other income and
    		                                                    
      interest income
    		                                           13 1,265 7,365 20,148 24,552 30,017 12,824 19,017 6,053 
      weighted-average number of common shares outstanding, basic and diluted
    		                                           6,201,785 6,201,785 6,201,785 6,201,785 6,201,785 6,201,785 5,824,828 6,201,785 5,705,318 
      basic and diluted net loss per share
    		                                           -0.12 -0.23 -0.04 -0.04 -0.04 -0.04 -0.04 -0.04 -0.03 
      formation and operating costs
    		                                                264,978 250,813 291,762 201,678 
      balance, august 9, 2010
    		                                                    
      common stock issued at approximately 0.006 per share to initial stockholders on february 3, 2011
    		                                                 6,120.75 5,175,000 5,175,000 
      net loss for the year ended december 31, 2011
    		                                                    
      balance, december 31, 2011
    		                                                 6,120.75 5,175,000 5,175,000 
      net loss for the year ended december 31, 2012
    		                                                    
      balance, december 31, 2012
    		                                                 6,120.75 5,175,000 5,175,000 
      sale of 20,000,000 units, net of underwriters’ discount and offering expenses (includes 18,798,215 shares subject to possible conversion) on may 15, 2013
    		                                                 48,832,925 20,000,000  
      sale of 20,000,000 units, net of underwriters’ discount and offering expenses
    		                                                   20,000,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 
                                                          
        assets
      		                                                    
        current assets:
      		                                                    
        cash and cash equivalents
      		275,012,000 256,692,000 261,781,000 200,929,000 188,854,000 183,941,000 193,881,000 168,123,000 177,719,000 156,845,000 168,015,000 142,950,000 83,984,000 87,177,000 116,446,000 126,904,000 154,816,000  155,562,000 160,081,000 163,939,000 187,531,000 129,647,000 80,897,000 137,040,000 101,579,000 104,135,000 78,746,000 70,103,000 113,396,000 105,688,000 91,561,000 97,284,000 96,443,000 112,316,000 99,315,000 103,782,000 135,416,000 149,017,000 150,813,000 181,873,000 206,903,000 208,751,533 53,473,021     312,298    
        restricted cash
      		46,067,000 33,043,000 28,343,000 46,398,000 46,370,000 32,202,000 30,694,000 49,537,000 46,451,000 30,499,000 36,802,000 54,491,000 36,740,000 28,847,000 29,524,000 48,831,000 30,046,000  29,474,000 43,465,000 22,446,000 16,984,000 16,523,000 21,333,000 22,791,000 7,679,000 7,995,000 33,305,000 30,537,000                        
        prepaid expenses and other current assets
      		63,673,000 78,145,000 73,664,000 75,191,000 60,608,000 62,290,000 63,275,000 65,902,000 62,394,000 57,158,000 44,722,000 52,400,000 44,101,000 41,778,000 45,252,000 45,936,000 32,114,000  27,078,000 27,819,000 21,135,000 17,014,000 22,820,000 23,753,000 26,716,000 29,055,000 24,044,000 31,297,000 27,963,000 21,263,000 21,917,000 26,791,000 22,661,000 21,351,000 22,887,000 25,562,000 22,140,000 20,782,000 20,742,000 23,124,000 13,374,000 12,266,000 10,153,283 10,994,135 78,382 106,062 122,057 58,792  79,625 99,875  
        total current assets
      		384,752,000 367,880,000 363,788,000 322,518,000 295,832,000 278,433,000 287,850,000 283,562,000 286,564,000 244,502,000 259,154,000 258,885,000 175,926,000 183,319,000 202,970,000 233,900,000 227,047,000  220,130,000 239,825,000 215,543,000 229,170,000 176,727,000 134,566,000 195,112,000 146,639,000 143,563,000 150,149,000 135,591,000 150,183,000 142,868,000 148,033,000 147,421,000 131,690,000 150,229,000 152,097,000 145,038,000 171,020,000 185,912,000 197,315,000 216,985,000 234,344,000 234,203,303 119,012,601 289,960 314,670 293,463 229,697 414,082 652,101 948,571 1,047 
        property and equipment
      		511,764,000 522,123,000 527,609,000 533,138,000 531,540,000 518,390,000 516,939,000 515,870,000 521,630,000 526,002,000 530,337,000 531,898,000 534,492,000 539,406,000 540,385,000 544,746,000 539,177,000  547,771,000 492,756,000 479,240,000 482,673,000 488,048,000 495,370,000 468,227,000 357,790,000 345,280,000 316,709,000 315,330,000 285,979,000 282,455,000 273,075,000 260,804,000 250,952,000 219,498,000 218,072,000 205,712,000 186,236,000 164,486,000 151,868,000 127,960,000 125,471,000 122,027,393 119,175,217         
        goodwill
      		60,609,000 60,609,000 61,145,000 59,198,000 59,198,000 59,031,000 67,801,000 42,017,000 42,017,000 42,017,000 42,017,000 42,017,000 42,017,000 42,017,000 42,017,000 42,017,000 42,017,000  32,772,000 33,652,000 33,652,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000 22,105,000               
        intangibles
      		16,031,000 16,599,000 17,365,000 14,684,000 15,281,000 15,923,000 8,058,000 8,508,000 8,960,000 9,412,000 9,864,000 10,316,000 10,760,000 11,219,000 11,671,000 12,123,000 12,830,000  10,165,000 10,678,000 10,963,000 4,817,000 5,212,000 5,607,000 6,001,000 6,396,000 6,791,000 7,185,000 7,580,000 7,975,000 8,370,000 8,764,000 9,159,000 9,554,000 9,948,000 10,343,000 10,738,000 11,132,000               
        other long-term assets
      		14,026,000 12,747,000 6,627,000 6,985,000 6,978,000 5,128,000 9,174,000 8,380,000 8,867,000 9,364,000 4,657,000 4,706,000 4,960,000 5,502,000 4,199,000 4,020,000 7,721,000  7,374,000 7,179,000 7,376,000 8,063,000 7,971,000 8,401,000 8,057,000 9,405,000 5,517,000 5,219,000 6,096,000 7,167,000 9,017,000 9,785,000 9,310,000 10,047,000 10,831,000 11,632,000 12,334,000 13,090,000 13,334,000 10,901,000 11,629,000 12,355,000 13,081,755          
        total assets
      		987,182,000 979,958,000 976,534,000 936,523,000 908,829,000 876,905,000 889,822,000 858,337,000 868,038,000 831,297,000 851,605,000 853,838,000 774,268,000 787,975,000 811,530,000 849,306,000 840,635,000  830,630,000 799,297,000 759,900,000 757,449,000 708,804,000 672,289,000 705,522,000 548,658,000 529,613,000 508,494,000 493,807,000 473,409,000 464,815,000 461,762,000 448,799,000 424,348,000 420,527,000 422,977,000 403,892,000 407,701,000 401,865,000 398,022,000 367,867,000 381,613,000 375,962,730 244,970,596  200,314,670 200,293,463 200,243,097 200,427,482 200,665,501 200,962,025 211,336 
        liabilities
      		                                                    
        current liabilities:
      		                                                    
        unearned passenger revenues
      		399,156,000 361,481,000 362,276,000 381,692,000 354,856,000 318,666,000 314,233,000 319,655,000 290,790,000 252,199,000 250,568,000 272,925,000 249,633,000 245,101,000 247,005,000 270,985,000 242,161,000  189,641,000 203,466,000 149,290,000 120,737,000 120,463,000 120,788,000 143,595,000 138,825,000 124,605,000 145,089,000 129,505,000 123,489,000 112,694,000 122,161,000 111,259,000 112,238,000 99,740,000 117,119,000 95,762,000 91,501,000 84,620,000 91,417,000 70,454,000 76,604,000 72,946,189 79,042,259         
        accrued expenses
      		47,497,000 76,732,000 54,848,000 57,422,000 53,479,000 58,054,000                                               
        accounts payable
      		24,981,000 22,227,000 20,650,000 9,831,000 10,686,000 13,860,000                                               
        lease liabilities - current portion
      		1,486,000 1,151,000                                                   
        long-term debt - current portion
      		 3,000                                                   
        total current liabilities
      		473,120,000 461,594,000 438,605,000 450,077,000 420,537,000 392,454,000 386,114,000 382,514,000 357,555,000 319,224,000 319,033,000 332,796,000 328,012,000 341,120,000 329,389,000 357,846,000 316,140,000  259,636,000 242,323,000 185,335,000 155,808,000 162,161,000 171,271,000 202,819,000 182,916,000 160,821,000 179,236,000 163,847,000 159,433,000 143,999,000 150,108,000 137,461,000 144,410,000 125,300,000 140,370,000 120,063,000 123,913,000 106,313,000 111,392,000 88,254,000 104,322,000 93,325,425 103,578,265 2,482,084 829,182 568,610 254,626 197,043 186,817 174,770 197,981 
        long-term debt, less current portion
      		663,217,000 662,671,000 663,443,000 627,273,000 626,349,000 625,425,000 624,501,000 623,585,000 622,676,000 621,778,000 620,888,000 620,376,000 524,332,000 529,452,000 534,677,000 539,872,000 545,099,000  526,857,000 489,880,000 471,027,000 471,359,000 391,284,000 395,637,000 358,871,000 213,543,000 216,117,000 185,660,000 188,005,000 188,089,000 188,161,000 188,229,000 188,481,000 164,186,000 164,165,000 164,051,000 164,236,000 164,128,000 164,020,000 163,911,000 161,320,000 162,693,000 162,697,005 138,271,507         
        deferred tax liabilities
      		227,000 2,224,000 2,545,000 2,394,000 2,134,000 3,537,000  6,306,000 2,592,000 2,118,000 1,454,000 1,454,000 1,486,000           136,000 2,616,000 4,491,000 6,964,000   2,787,000 5,097,000 2,596,000                     
        other long-term liabilities
      		7,445,000 6,968,000 745,000 822,000 917,000 1,024,000 1,575,000 1,386,000 1,668,000 1,943,000 89,000 89,000 89,000 88,000 359,000 302,000 300,000  95,000 90,000 90,000 90,000 401,000 6,730,000 12,306,000 3,317,000 5,083,000 1,259,000 1,379,000 554,000 706,000 698,000 692,000 684,000 703,000 696,000 688,000 681,000 699,000 692,000 685,000 677,000 638,862          
        total liabilities
      		1,144,009,000 1,133,457,000 1,105,338,000 1,080,566,000 1,049,937,000 1,022,440,000 1,012,190,000 1,013,791,000 984,491,000 945,063,000 943,271,000 956,914,000 856,501,000 873,621,000 866,637,000 900,537,000 864,381,000  789,712,000 735,710,000 660,155,000 631,172,000 558,167,000 578,341,000 581,393,000 409,296,000 394,257,000 371,201,000 358,257,000 350,863,000 337,963,000 341,631,000 329,425,000 311,724,000 290,168,000 305,117,000 284,987,000 288,722,000 271,032,000 275,995,000 250,259,000 267,692,000 257,364,798 242,676,068         
        commitments and contingencies
      		                                                    
        series a redeemable convertible preferred stock, 165,000 shares authorized; no shares issued and outstanding as of march 31, 2026, 62,000 shares issued and outstanding as of december 31, 2025
      		                                                    
        redeemable noncontrolling interests
      		33,298,000 47,948,000 45,968,000 39,186,000 31,756,000 29,424,000 27,542,000 24,233,000 36,297,000 37,784,000 34,232,000 30,513,000 25,698,000 27,886,000 31,583,000 19,595,000 14,458,000                                    
        stockholders’ deficit
      		                                                    
        preferred stock, 0.0001 par value...
      		                                                    
        common stock, 0.0001 par value...
      		7,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000  5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000  5,000 5,000 5,000 5,000 5,000  5,000 4,522  620 620 620 620 620 620 620 517 
        additional paid-in capital
      		218,809,000 126,873,000 127,973,000 118,007,000 113,193,000 109,473,000 107,739,000 99,351,000 99,059,000 97,139,000 92,549,000 89,601,000 86,741,000 83,850,000 82,432,000 80,812,000 60,307,000  52,146,000 50,777,000 51,367,000 48,127,000 47,662,000 47,394,000 46,908,000 46,271,000 45,377,000 41,617,000 41,102,000 41,539,000 40,391,000 39,172,000 38,331,000 42,498,000 45,213,000 42,156,000 40,624,000 43,097,000 46,590,000 45,231,000 41,293,000 48,073,000 52,308,452 -59,574,152     12,975,932 12,975,932 13,011,757 24,483 
        accumulated deficit
      		  -384,572,000 -381,822,000 -365,716,000 -362,881,000 -334,623,000 -354,844,000 -326,463,000 -322,208,000 -290,849,000 -294,491,000 -264,888,000 -266,530,000 -237,217,000 -218,695,000 -183,717,000  -108,411,000 -82,733,000 -46,117,000                        -3,150,856 -1,473,244 -1,233,879      
        total stockholders' deficit
      		      -226,878,000 -255,487,000 -227,399,000 -225,064,000 -198,295,000 -204,885,000 -178,142,000 -182,675,000 -154,780,000 -137,878,000 -123,405,000                                    
        total liabilities, mezzanine equity and stockholders’ deficit
      		987,182,000 979,958,000 976,534,000 936,523,000 908,829,000 876,905,000                                               
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively
      		 83,079,000                                                   
        accumulated other comprehensive income
      		    294,000 288,000                     -7,701,000 -1,932,000 -2,309,000  230,000 73,000             32 32 32 17 4    
        total stockholder’s deficit
      		  -256,593,000 -263,809,000 -252,223,000 -253,114,000                                               
        lease liabilities - current
      		  821,000 1,124,000 1,497,000 1,845,000 1,554,000 1,591,000 1,757,000 1,923,000 1,718,000 1,701,000 1,683,000 1,663,000 1,524,000 1,556,000 1,563,000  1,418,000 1,403,000 1,388,000 1,475,000 1,436,000 1,394,000 1,378,000 1,335,000 1,302,000 947,000 1,166,000                        
        long-term debt - current
      		  10,000 8,000 19,000 29,000  46,000 46,000 47,000 46,000 46,000 23,308,000 23,337,000 24,086,000 24,081,000 24,072,000  20,260,000 9,361,000 14,128,000 11,255,000 8,451,000 5,646,000 11,816,000 4,525,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 1,500,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,500,000         
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively
      		  81,821,000                                                  
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively
      		   80,580,000                                                 
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively
      		    79,359,000                                                
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of december 31, 2024 and december 31, 2023, respectively
      		     78,155,000                                               
        accounts payable and accrued expenses
      		      70,327,000 61,222,000 64,962,000 65,055,000 66,701,000 58,124,000 53,388,000 71,019,000 56,774,000 61,224,000 48,344,000  48,317,000 28,093,000 20,529,000 22,341,000 31,811,000 43,443,000 46,030,000 38,231,000 32,914,000 31,200,000 31,176,000 33,944,000 29,305,000 25,947,000 24,702,000 30,422,000 23,810,000 21,501,000 22,551,000 30,662,000 19,943,000 18,225,000 16,050,000 25,968,000 18,629,236 18,070,214 975,755 44,182 45,930 22,926 13,023 185,477 169,410 41,075 
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively
      		      76,968,000                                              
        total liabilities, mezzanine equity and stockholders' deficit
      		      889,822,000 858,337,000 868,038,000 831,297,000 851,605,000 853,838,000 774,268,000 787,975,000 811,530,000 849,306,000 840,635,000                                    
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively
      		       75,800,000                                             
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively
      		        74,649,000                                            
        short-term securities
      		             13,591,000                                       
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of december 31, 2023 and december 31, 2022, respectively
      		         73,514,000                                           
        marine operating supplies
      		          6,528,000 6,500,000 8,880,000 9,961,000 9,608,000 9,892,000 8,037,000  5,894,000 6,258,000 5,850,000 5,473,000 5,913,000 6,759,000 6,761,000 6,299,000 5,479,000 5,086,000 5,465,000 5,165,000 5,024,000 5,086,000 5,413,000 5,045,000 4,539,000 4,346,000 4,096,000 4,142,000 4,195,000 4,102,000 4,464,000 4,969,000 4,178,662 5,145,250         
        inventories
      		          3,087,000 2,544,000 2,221,000 1,965,000 2,140,000 2,337,000 2,034,000  2,122,000 2,202,000 2,173,000 2,168,000 1,824,000 1,824,000 1,804,000 2,027,000 1,910,000 1,715,000 1,523,000 1,604,000 1,646,000 1,792,000 1,826,000 1,794,000 1,783,000 1,613,000 1,594,000 1,665,000 1,591,000 1,658,000 1,776,000 1,746,000 1,835,325 1,921,917         
        deferred tax asset
      		          2,305,000 2,382,000 2,121,000 2,167,000 6,849,000 8,736,000 7,758,000  8,188,000 10,697,000 8,340,000 5,539,000 3,392,000 639,000 171,000 218,000  1,319,000 1,078,000                        
        right-to-use lease assets
      		          3,271,000 3,634,000 3,992,000 4,345,000 3,439,000 3,764,000 4,085,000  4,230,000 4,510,000 4,786,000 5,082,000 5,349,000 5,601,000 5,849,000 6,105,000 6,357,000 5,808,000 6,027,000                        
        lease liabilities
      		          1,807,000 2,199,000 2,582,000 2,961,000 2,212,000 2,517,000 2,842,000  3,124,000 3,417,000 3,703,000 3,915,000 4,321,000 4,567,000 4,781,000 5,029,000 5,272,000 5,046,000 5,026,000                        
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively
      		          72,397,000                                          
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively
      		           71,296,000                                         
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively
      		            70,211,000                                        
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 and 80,000 shares issued and outstanding as of december 31, 2022 and 2021, respectively
      		             69,143,000                                       
        accumulated other comprehensive loss
      		                  -741,000 -943,000 -1,108,000 -1,602,000 -7,079,000 -8,824,000 -18,080,000 -4,681,000    -671,000                       
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 and 80,000 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively
      		              68,090,000                                      
        series a redeemable convertible preferred stock, 165,000 shares authorized; 62,000 and 80,000 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively
      		               67,052,000                                     
        series a redeemable convertible preferred stock, 165,000 shares authorized; 80,000 shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively
      		                85,201,000                                    
        stockholders’ (deficit) equity
      		                                                    
        effective date
      		                                                    
        termination date
      		                                                    
        notional amount
      		                 100,000,000,000                                   
        fixed interest rate
      		                                                    
        variable interest rate
      		                 1,000                                   
        settlement
      		                                                    
        interest payment dates
      		                                                    
        reset dates
      		                                                    
        interest rate caps
      		                                                    
        foreign exchange contracts
      		                                                    
        derivative instruments designated as cash flow hedging instruments:
      		                                                    
        foreign exchange forward
      		                                                    
        interest rate cap
      		                                                    
        total
      		                                                    
        derivative instruments not designated as cash flow hedging instruments:
      		                                                    
        liabilities:
      		                                                    
        contingent acquisition consideration
      		                                                    
        balance, january 1,
      		                                                    
        additions to level 3
      		                                                    
        change in fair value
      		                                                    
        balance december 31,
      		                                                    
        series a redeemable convertible preferred stock, 165,000 shares authorized; 85,000 shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively
      		                  87,785,000                                  
        redeemable noncontrolling interest
      		                  10,134,000 10,036,000 10,473,000 7,494,000 7,940,000 9,970,000 16,476,000 16,112,000 7,336,000 6,771,000 6,908,000 6,502,000 6,409,000 6,130,000 6,423,000 6,302,000 5,319,000 5,154,000 5,199,000 5,170,000 4,856,000 4,827,000             
        stockholders’ equity
      		                                                    
        total stockholders' (deficit) / equity
      		                  -57,001,000                                  
        total liabilities, mezzanine equity and stockholders' equity
      		                  830,630,000 799,297,000 759,900,000 757,449,000                               
        series a redeemable convertible preferred stock, 165,000 shares authorized; 85,000 shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively
      		                   86,445,000                                 
        total stockholders' equity
      		                   -32,894,000 4,147,000 34,958,000 60,061,000 83,978,000 107,653,000 123,250,000 128,020,000 130,522,000 128,642,000 116,044,000     125,040,000  113,706,000 113,809,000   117,608,000            
        series a redeemable convertible preferred stock, 165,000 shares authorized; 85,000 shares issued and outstanding as of march 31, 2021 and december 31, 2020, respectively
      		                    85,125,000                                
        series a redeemable convertible preferred stock, 165,000 and no shares authorized; 85,000 and no shares issued and outstanding as of december 31, 2020 and 2019, respectively
      		                     83,825,000                               
        accumulated (deficit) and retained earnings
      		                     -11,572,000                               
        series a redeemable convertible preferred stock, 165,000 and no shares authorized; 85,000 and no shares issued and outstanding as of september 30, 2020 and december 31, 2019, respectively
      		                      82,636,000                              
        retained earnings
      		                      19,473,000 45,403,000 78,820,000 81,655,000 90,339,000 90,832,000 89,844,000 75,171,000 79,817,000 74,751,000 74,615,000 63,819,000 79,822,000 70,545,000 73,077,000 70,707,000 79,382,000 71,964,000 76,310,000 65,843,000 66,284,958 61,868,680         
        total liabilities, stockholders' equity and redeemable noncontrolling interest
      		                      708,804,000 672,289,000 705,522,000 548,658,000 529,613,000 508,494,000 493,807,000 473,409,000                       
        tour revenues
      		                            89,654,000 309,734,000                       
        operating expenses:
      		                                                    
        cost of tours
      		                            39,017,000 153,743,000                       
        general and administrative
      		                            16,082,000 62,898,000                       
        selling and marketing
      		                            14,002,000 46,987,000                       
        depreciation and amortization
      		                            6,188,000 20,768,000                       
        total operating expenses
      		                            75,289,000 130,653,000                       
        operating income
      		                            14,365,000 25,338,000                       
        other income:
      		                                                    
        interest expense
      		                            -2,989,000 -10,830,000                       
        gain on foreign currency
      		                            656,000 -2,175,000                       
        other income
      		                            -19,000 -165,000                       
        total other income
      		                            -2,352,000 -13,170,000                       
        income before income taxes
      		                            12,013,000 12,168,000                       
        income tax (benefit) expense
      		                            -3,066,000                        
        net income
      		                            15,079,000 11,552,000                       
        net income attributable to noncontrolling interest
      		                            406,000 200,000                       
        net income available to common stockholders
      		                            14,673,000 11,352,000                       
        weighted-average shares outstanding
      		                                                    
        basic
      		                            45,565,381,000 45,378,188,000                       
        diluted
      		                            47,429,343,000 46,340,054,000                       
        net income per share
      		                                                    
        restricted cash and marketable securities
      		                             8,755,000 8,593,000 22,803,000 20,237,000 7,057,000 8,704,000 21,261,000 13,426,000 9,015,000 10,367,000 17,618,000 15,498,000 8,460,000 9,284,500 47,478,278         
        gross profit
      		                             155,991,000                       
        gain on transfer of assets
      		                                                    
        income tax benefit
      		                             616,000                       
        total stockholders’ equity
      		                              120,443,000 114,001,000 112,951,000 106,322,000  112,706,000   125,977,000      9,825,728 11,503,340 11,742,705 12,006,323 12,248,291 12,496,536 12,805,107 13,355 
        total liabilities, stockholders’ equity and redeemable noncontrolling interest
      		                              464,815,000  448,799,000 424,348,000                   
        1
      		                                                    
        total liabilities and stockholders’ equity
      		                               461,762,000             200,289,960 200,314,670 200,293,463 200,243,097 200,427,482 200,665,501 200,962,025 211,336 
        deferred tax liabilties
      		                                2,791,000 2,444,000                   
        deferred tax assets
      		                                  7,916,000 8,728,000 7,965,000 4,118,000 4,497,000 3,907,000 5,248,000 3,216,000 121,330 253,829         
        0 shares issued and outstanding
      		                                                    
        45,155,621 and 45,659,762 issued and outstanding as of september 30, 2017, and december 31, 2016, respectively
      		                                  5,000                  
        total liabilities, redeemable noncontrolling interest and stockholders' equity
      		                                  420,527,000  403,892,000 407,701,000  398,022,000             
        total liabilities, redeemable noncontrolling interest and stockholders’ equity
      		                                   422,977,000   401,865,000              
        goodwill and other intangibles
      		                                      27,953,000 28,167,000             
        operating rights
      		                                      5,683,000 5,864,000 6,045,000 6,227,000 6,528,949 6,528,949         
        total stockholders' equity attributable to lindblad stockholders
      		                                       117,200,000             
        45,531,868 and 45,224,881 issued and outstanding as of march 31, 2016 and december 31, 2015, respectively
      		                                        5,000            
        total liabilities and stockholders' equity
      		                                        367,867,000            
        due from shareholder
      		                                                    
        investment in cfmf
      		                                                    
        obligation to repurchase shares of common stock
      		                                                    
        due to cfmf
      		                                                    
        deferred income taxes - long-term
      		                                                    
        shareholders’ equity
      		                                                    
        total shareholders' equity
      		                                         113,921,000 118,597,932 2,294,528         
        total liabilities and shareholders' equity
      		                                         381,613,000 375,962,730 244,970,596         
        deferred income taxes – long-term
      		                                          703,506          
        deferred financing costs
      		                                                    
        obligations to repurchase shares of class a common stock
      		                                           4,965,792         
        other long term liabilities
      		                                           418,070         
        deferred income taxes - long term
      		                                           408,226         
        common stock
      		                                            187,982,148 187,982,148 187,982,148 187,982,148 187,982,148 187,982,148 187,982,148  
        current assets
      		                                                    
        cash
      		                                            200,361 177,008 121,555 123,008  542,190 842,697 1,047 
        investment in marketable securities
      		                                            10,001 10,001 10,001 9,986 9,973    
        cash and cash equivalents held in trust account, interest income available for working capital and taxes
      		                                            1,216 1,829 26,450 36,800 33,561 23,070   
        accrued interest receivable
      		                                             19,770  1,111 4,333 2,000 5,999  
        cash and cash equivalents held in trust account, restricted
      		                                            200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000   
        liabilities and stockholders’ equity
      		                                                    
        current liabilities
      		                                                    
        accrued franchise tax payable
      		                                            45,000 315,000 270,000 225,000 180,000    
        due to related parties
      		                                            1,461,329 470,000 250,000      
        preferred, 0.0001 per share, 1,000,000 shares authorized, none issued or outstanding
      		                                                    
        additional paid-in-capital
      		                                            12,975,932 12,975,932 12,975,932 12,975,932     
        other assets
      		                                               13,400 13,400 13,400 13,400  
        deferred rent
      		                                              2,680 6,700 4,020 1,340 5,360  
        other current assets
      		                                              13,400      
        preferred stock, 0.0001 per share, 1,000,000 shares authorized, none issued or outstanding
      		                                                    
        deficit accumulated during development stage
      		                                               -970,246 -728,265 -480,016 -207,270 -11,645 
        prepaid expenses
      		                                                53,917    
        deferred offering costs
      		                                                   210,289 
        note payable to related party
      		                                                   150,000 
        due from affiliate
      		                                                 5,216   
        cash and cash equivalents held in trust account
      		                                                  200,000,054  
        due to related party
      		                                                   6,906 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 
                                                            
          cash flows from operating activities
        		                                                    
          net income
        		6,051,000    1,011,000    -4,210,000    778,000         -30,211,000 -27,535,000 -39,923,000 -2,471,000 92,000 2,726,000 851,000 15,079,000 -4,553,000 5,345,000 -157,000 10,917,000 -15,020,000 9,443,000 -2,577,000 625,000 -8,361,000 7,447,000 -4,494,000 10,467,000 -442,041 4,416,279 17,178,045 -1,410,283 -239,365 -263,633 -241,981    -4,400 
          adjustments to reconcile net income to net cash from operating activities:
        		                                                    
          depreciation and amortization
        		17,672,000 17,923,000 14,930,000 14,674,000 15,295,000 14,875,000 12,733,000 13,637,000 11,317,000 13,051,000 10,521,000 11,331,000 11,808,000 10,849,000 10,839,000 11,176,000 11,178,000 13,740,000 9,323,000 8,213,000 8,249,000 8,356,000 8,485,000 8,553,000 6,690,000 7,166,000 6,233,000 6,182,000 6,188,000 5,706,000 5,024,000 4,993,000 5,045,000 5,339,000 4,354,000 3,895,000 3,763,000 3,897,000 5,080,000 4,869,000 4,574,000 3,309,281 2,688,894          
          amortization of deferred financing costs
        		662,000 645,000                                                   
          amortization of right-to-use lease assets
        		767,000 480,000 385,000 429,000 440,000 188,000 -134,000 422,000 417,000 -263,000 363,000 358,000 353,000   -11,000 -9,000 17,000 2,000 5,000 -3,000 -100,000 48,000 50,000 51,000                            
          stock-based compensation
        		1,746,000 -1,028,000 5,370,000 5,392,000 3,727,000 2,471,000 2,529,000 2,717,000 2,116,000 4,641,000 2,953,000 3,390,000 2,902,000 1,709,000 1,632,000 1,823,000 1,828,000 1,417,000 1,406,000 1,129,000 1,611,000 477,000 310,000 703,000 898,000 902,000 917,000 1,001,000 753,000 1,149,000 1,271,000 1,119,000 866,000 1,163,000 3,057,000   1,429,000 1,360,000 1,287,000 1,335,000 1,271,831 1,213,722          
          deferred income taxes
        		-1,997,000 -278,000 151,000 260,000 -1,395,000 4,170,000 -6,306,000 3,714,000 474,000 1,478,000 -260,000 -32,000 1,533,000 4,722,000 1,887,000 -979,000 -149,000 1,815,000 2,510,000 -2,357,000 -2,801,000 -2,102,000 -2,893,000 -2,989,000 -1,828,000 -2,691,000 8,283,000 -241,000 -3,865,000 -2,310,000 2,501,000 -195,000 347,000 10,353,000 819,000 -763,000 -2,073,000 383,000 -590,000 -1,087,000 -2,032,000 -3,798,001 427,779          
          loss on foreign currency
        		269,000 -95,000 318,000 -758,000 -542,000 1,017,000 -203,000 12,000 239,000 -705,000 454,000   -181,000 871,000   100,000 1,434,000 -199,000 -70,000 -1,562,000 -988,000 3,879,000 3,443,000 -1,275,000 2,338,000 -501,000 -656,000 745,000 -162,000 1,141,000 451,000                    
          changes in operating assets and liabilities
        		                                                    
          prepaid expenses and other current assets
        		14,472,000 -2,495,000 2,896,000 -14,583,000 2,796,000 983,000 6,523,000 -3,508,000 -5,236,000 -510,000 7,678,000 -8,299,000 -2,323,000 1,253,000 -187,000 -14,498,000 -4,890,000 46,000 741,000 -7,563,000 -2,080,000 6,205,000 978,000 3,003,000 2,339,000 -5,470,000 7,253,000 -3,334,000 -6,699,000 1,090,000 5,242,000 -5,294,000 -1,754,000 1,662,000 3,587,000 -3,316,000 -1,358,000 -469,000 2,445,000 -407,000 -940,000 -2,191,353 774,387 333,216 -16,250        
          unearned passenger revenues
        		37,675,000 -1,618,000 -21,892,000 26,836,000 36,190,000 4,526,000 -19,016,000 28,865,000 38,591,000 1,631,000 -22,357,000 23,292,000 4,532,000 -1,904,000 -23,980,000 28,824,000 29,563,000 21,024,000 -13,825,000 55,309,000 21,438,000 274,000 -325,000 -22,807,000 4,770,000 14,220,000 -20,484,000 15,584,000 6,016,000 10,685,000 -9,466,000 10,854,000 -939,000 12,647,000 -17,408,000 21,209,000 4,261,000 8,865,000 -7,696,000 5,402,000 -6,326,000 3,184,565 -5,483,462          
          other long-term assets
        		-539,000 -764,000 219,000 -367,000 -875,000 -1,518,000 -639,000 68,000 52,000 -706,000 -119,000 -5,000 -1,041,000 -686,000 -189,000 3,692,000 -261,000 -1,342,000 -204,000 187,000 675,000 -104,000 421,000 -344,000 621,000 2,490,000 -6,794,000 527,000 -1,294,000 1,283,000 -861,000 -1,130,000 10,000 -56,000 75,000 88,000 29,000 -483,000               
          accounts payable and accrued expenses
        		-26,750,000 24,328,000 6,018,000 3,846,000 -8,717,000 -506,000 6,344,000 -3,757,000 -331,000 -938,000 8,123,000 5,083,000 -17,478,000 13,004,000 -4,445,000 12,879,000 -908,000 847,000 18,790,000 7,827,000 -2,179,000 -8,348,000 -10,682,000 -6,468,000 4,356,000 7,051,000 -626,000 525,000 -2,112,000 2,396,000 4,210,000 1,270,000 -5,727,000 6,721,000 2,329,000 -1,432,000 -7,861,000 10,394,000 1,398,000 102,000 -9,930,000 7,929,919 452,141 -2,062,256 894,196 -1,748 23,004 9,903    2,850 
          operating lease liabilities
        		-554,000 -362,000 -380,000 -469,000 -455,000 -260,000 152,000 -447,000 -440,000 249,000 -375,000 -365,000 -359,000 0                                       
          net cash from operating activities
        		49,474,000 14,442,000 19,527,000 29,215,000 48,399,000 1,680,000 28,109,000 18,650,000 43,916,000 -9,872,000 15,809,000 17,446,000 2,058,000 -2,972,000 -17,871,000 13,478,000 5,162,000 10,975,000 -318,000 28,758,000 -6,920,000 -20,518,000 -34,977,000 -52,194,000 15,432,000 21,033,000 4,322,000 21,886,000 15,342,000 17,099,000 14,478,000 14,262,000 10,518,000 23,472,000 6,244,000 20,465,000 2,737,000 15,742,000 8,841,000 7,857,000 -1,013,000 10,034,948 7,065,343 24,042,516 -840,807 -189,168 -261,803 -186,051    -1,550 
          capital expenditures
        		-6,886,000 -10,967,000 -7,619,000 -15,744,000 -13,415,000 -9,873,000 -9,754,000 -7,425,000 -6,468,000 -7,240,000 -8,005,000 -8,293,000 -6,425,000 -8,639,000 -6,016,000 -16,028,000 -7,522,000 -7,574,000 -63,875,000 -21,439,000 -3,800,000 -2,688,000 -760,000 -35,299,000 -116,732,000 -19,282,000 -34,409,000 -7,167,000 -35,144,000 -8,835,000 -14,008,000 -17,000,000 -14,502,000 -36,396,000 -5,384,000 -15,861,000 -22,844,000 -25,335,000 0 -26,024,000 -6,872,000 -6,657,179 -5,575,553 0 0 0 0 0    0 
          free cash flows
        		42,588,000 3,475,000 11,908,000 13,471,000 34,984,000 -8,193,000 18,355,000 11,225,000 37,448,000 -17,112,000 7,804,000 9,153,000 -4,367,000 -11,611,000 -23,887,000 -2,550,000 -2,360,000 3,401,000 -64,193,000 7,319,000 -10,720,000 -23,206,000 -35,737,000 -87,493,000 -101,300,000 1,751,000 -30,087,000 14,719,000 -19,802,000 8,264,000 470,000 -2,738,000 -3,984,000 -12,924,000 860,000 4,604,000 -20,107,000 -9,593,000 8,841,000 -18,167,000 -7,885,000 3,377,769 1,489,790 24,042,516 -840,807 -189,168 -261,803 -186,051    -1,550 
          cash flows from investing activities
        		                                                    
          purchases of property and equipment
        		-6,886,000 -10,967,000 -7,619,000 -15,744,000 -13,415,000 -9,873,000 -9,754,000 -7,425,000 -6,468,000 -7,240,000 -8,005,000 -8,293,000 -6,425,000 -8,639,000 -6,016,000 -16,028,000 -7,522,000 -7,574,000 -63,875,000 -21,439,000 -3,800,000 -2,688,000 -760,000 -35,299,000 -116,732,000 -19,282,000 -34,409,000 -7,167,000 -35,144,000 -8,835,000 -14,008,000 -17,000,000 -14,502,000 -36,396,000 -5,384,000 -15,861,000 -22,844,000 -25,335,000               
          acquisitions
        		 -2,163,000                                                   
          net cash from investing activities
        		-6,886,000 -13,130,000 -9,396,000 -15,744,000 -28,997,000 -9,691,000 -20,495,000 -7,425,000 -6,468,000 -7,240,000 -8,005,000 -8,293,000 8,738,000 -20,029,000 -6,016,000 -16,028,000 -7,522,000 -18,433,000 -63,875,000 -21,744,000 -10,672,000 -2,688,000 -760,000 -35,299,000 -116,732,000 -23,365,000 -34,409,000 -7,167,000 -35,144,000 -7,299,000 202,000 -19,566,000 -27,682,000 -34,749,000 7,173,000 -23,696,000 -27,255,000 -23,983,000 -10,451,000 -38,090,000 -13,910,000 -5,831,284 32,618,225 -108,319,146 21,205 24,621 10,350 -3,239     
          cash flows from financing activities
        		                                                    
          repayments of long-term debt
        		-3,000 -7,000 -635,008,000 -11,000 -10,000 29,000 -54,000 -11,000 -13,000 0 -11,000 -199,884,000 -5,809,000 -6,640,000 -5,810,000 -5,807,000 -334,684,000 -4,427,000 -516,000 -514,000 -500,000 -1,342,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 0 -170,625,000 -438,000 -437,000 -437,000 -438,000 -438,000 -437,000 -437,000 -438,000 -438,268 -437,500          
          payment of deferred financing costs
        		-116,000 -1,417,000    0 -4,000 0 -17,000 -34,000 -412,000 -7,022,000 -21,000 -15,000 -55,000 -23,000 -10,781,000 0 0 -3,104,000 -31,000 -2,095,000 -4,781,000 -35,000 -61,000 -32,000 0 -2,322,000 -18,000 -4,000 0 -189,000 -6,297,000 -106,000 -14,000   0 0 -78,000 -1,487,000            
          proceeds from exercise of options
        		6,603,000                                                    
          repurchase under stock-based compensation plans, related tax impacts
        		-1,072,000                                                    
          additional acquisition of redeemable noncontrolling interest
        		-16,586,000                                                    
          noncontrolling interest distributions
        		-70,000                                                    
          net cash from financing activities
        		-11,244,000 -1,701,000    -709,000 -699,000 -17,735,000 -622,000 -361,000 -428,000 67,564,000 -6,096,000 -6,945,000 -5,878,000 -6,577,000 14,529,000 -4,885,000 45,683,000 10,147,000 -538,000 81,551,000 79,677,000 29,892,000 151,873,000 -540,000 30,165,000 -3,308,000 -1,708,000 -505,000 -552,000 -467,000 18,045,000 -4,422,000 -451,000 -1,408,000 -7,113,000   -514,000 -10,040,000 -6,047,210 116,106,617 97,473,264 991,329 220,000      20 
          effect of exchange rate changes on cash
        		 0 0 -294,000 6,000                         111,000 -1,000 48,000 -40,000 -174,000 35,000 172,000 -3,000 0 252,000 -313,000 -67,000 -5,267 -511,673          
          net increase in cash, cash equivalents and restricted cash
        		31,344,000 -389,000 42,797,000 12,103,000 19,081,000 -8,432,000 6,915,000 -6,510,000 36,826,000 -17,473,000 7,376,000 76,717,000 4,700,000   -9,127,000 12,169,000 -12,343,000   -18,130,000 58,345,000   50,573,000 -2,872,000 78,000 11,411,000 -21,510,000                        
          cash, cash equivalents and restricted cash at beginning of period
        		289,735,000 0 0 0 216,143,000 0 0 0 187,344,000 0 0 0 116,024,000 0 0 0 172,693,000 0 0 0 204,515,000 0 0 0 109,258,000 0 1,000 0 122,150,000                        
          cash, cash equivalents and restricted cash at end of period
        		321,079,000 -389,000 42,797,000 12,103,000 235,224,000 -8,432,000 6,915,000 -6,510,000 224,170,000 -17,473,000 7,376,000 76,717,000 120,724,000 -29,946,000 -29,765,000 -9,127,000 184,862,000 -12,343,000 -18,510,000 17,161,000 186,385,000 58,345,000 43,940,000 -57,601,000 159,831,000 -2,872,000 79,000 11,411,000 100,640,000                        
          supplemental disclosures of cash flow information:
        		                                                    
          cash paid during the period:
        		                                                    
          interest
        		26,953,000 6,891,000 19,145,000 12,469,000 12,261,000 12,429,000 12,209,000 12,465,000 12,320,000 13,326,000 12,137,000 1,639,000 16,593,000 3,656,000 15,955,000 2,591,000 3,613,000 4,960,000 4,729,000 4,425,000 4,146,000 3,898,000 4,447,000 4,109,000 3,862,000 3,679,000 3,652,000 3,622,000 3,377,000 3,439,000 3,418,000 3,522,000 3,012,000 2,637,000 2,646,000 2,594,000 2,601,000 2,469,000 2,502,000 2,478,000 2,447,000  2,462,500          
          income taxes
        		285,000 925,000 986,000 837,000 416,000   110,000 91,000 323,000 182,000 117,000 89,000 83,000 102,000 66,000 58,000 44,000 53,000 0 1,000 50,000 590,000 48,000 12,000 -722,000 1,329,000 541,000 23,000 54,000 -308,000 731,000 45,000 0 217,000 736,000 12,000 6,000 128,000 431,000 433,000  88,539          
          non-cash investing and financing activities:
        		                                                    
          non-cash preferred stock dividend
        		497,000 1,259,000    1,186,000 1,168,000 1,151,000 1,136,000 1,118,000 1,100,000 1,086,000 1,069,000 1,053,000 1,037,000 1,283,000 1,298,000                                    
          non-cash recognition of new leases
        		1,366,000                                                    
          additional paid-in capital exercise proceeds of option shares
        		-933,000 0    28,000                    0 0   0 0 0 1,682,000 1,514,000 0 0 168,000 0 0 0 1,123,000            
          additional paid-in capital exchange proceeds used for option shares
        		933,000 0    -28,000                    0 0   0 0 0 -1,682,000 -1,514,000 0 0 -168,000 0 0 0 -1,123,000            
          net loss
        		 -22,842,000 4,575,000   -25,190,000 25,198,000   -26,413,000 8,461,000   -31,957,000 -5,497,000 -28,558,000 -42,148,000  -23,299,000 -35,732,000 -33,863,000                                
          adjustments to reconcile net loss to net cash from operating activities:
        		                                                    
          write-off of unamortized deferred financing costs due to debt extinguishment
        		 0                                                   
          other long-term liabilities
        		 548,000          -2,000 -1,000 0 -1,000 0 845,000 1,283,000 1,521,000 1,538,000 1,798,000 5,793,000 -4,219,000 3,681,000 -4,411,000 -1,766,000 3,824,000 -119,000 825,000 -151,000 7,000 7,000 8,000 -11,000 0   -18,000 7,000 7,000 8,000 38,283           
          sale of securities
        		            15,163,000                                        
          proceeds from long-term debt
        		 -10,000        0 0   0 0 0 360,000,000 0 46,236,000   85,000,000 0 30,644,000 152,695,000 0    0 0 0 200,000,000         0 25,000,000          
          repurchase under stock-based compensation plans, related tax impacts and noncontrolling interest distributions
        		                                                    
          shares issued in connection with acquisition
        		     0                                               
          repurchase under stock-based compensation plans and related tax impacts
        		  4,441,000 -1,063,000 -317,000 -737,000 -641,000 -1,004,000 -592,000 -327,000 -5,000 -530,000 -266,000 -290,000 -13,000 -747,000 -6,000 -458,000 -37,000 -1,719,000 -7,000 -12,000 -42,000 -217,000 -134,000 -8,000 -125,000 -486,000 -1,167,000 -1,000 -52,000 -278,000 -4,179,000                    
          amortization of deferred financing costs and other
        		   924,000 924,000 924,000 928,000 920,000 927,000 924,000 935,000 828,000 681,000 681,000 675,000 612,000 701,000 839,000 839,000 838,000 687,000 597,000 577,000 486,000 486,000 483,000 481,000 477,000 434,000 432,000 432,000 437,000 608,000                    
          acquisition
        		   0 -15,582,000 182,000            -10,859,000 0 -305,000 -6,872,000                                
          net cash from by financing activities
        		   -1,074,000 -327,000                                                
          non-cash preferred stock deemed dividend
        		   1,222,000 1,204,000                                                
          write-off of unamortized issuance costs related to debt refinancing
        		         0 0   0 0 0 9,004,000             0 0 0 359,000                    
          proceeds from loan principal repayment
        		                                                    
          purchase of redeemable noncontrolling interest
        		     -1,000                                               
          value of shares issued for acquisition
        		                                                    
          change in fair value of contingent acquisition consideration
        		             -266,000 55,000 0 56,000                                    
          marine operating supplies and inventories
        		          -571,000 2,057,000 825,000 -178,000 481,000 -2,158,000 482,000 -2,537,000 444,000 -437,000 -382,000 96,000 846,000 -18,000 -239,000 -937,000 -588,000 187,000 -219,000 -99,000 208,000 361,000 -400,000                    
          sale of short-term securities
        		          0                                          
          gain on foreign currency
        		            -152,000    -130,000                                    
          amortization of national geographic fee
        		                     0 0 0 727,000 726,000 727,000 727,000 727,000 726,000 727,000 727,000 727,000 727,000 726,000 727,000 727,000 727,000 726,000 727,000 727,000 726,761           
          right-of-use lease asset
        		             -18,000                                       
          loss on write-off of assets
        		                             0 0                      
          investments in securities
        		                                                    
          proceeds from series a preferred stock issuance
        		                     0                               
          repurchase of warrants and common stock
        		                     0 0 0 -127,000 0 0 0 -23,000 0 0 0 -854,000                    
          net decrease in cash, cash equivalents and restricted cash
        		             -29,946,000                                       
          shares issued for acquisition
        		                 0 0 0 1,770,000                                
          loan issuance
        		                                                    
          warrants exercised
        		                         0                           
          non-cash deemed dividend to warrant holders
        		                         0                           
          non-cash preferred share dividend
        		                  1,340,000 1,321,000 1,301,000                                
          loss on disposal and transfer of assets
        		                                                    
          adjustments to reconcile net income to net cash (used by) provided by operating activities:
        		                                                    
          lease liabilities
        		                         -6,410,000 581,000 -199,000 6,192,000                        
          right-to-use lease assets
        		                          -549,000 219,000 -6,027,000                        
          acquisition of natural habitat, inc., net of 4,904 cash acquired
        		                                                    
          adjustments to reconcile net income to net cash provided by operating activities:
        		                                                    
          transfer to restricted cash and marketable securities
        		                              14,210,000 -2,566,000 -13,180,000                    
          net increase in cash and cash equivalents
        		                                841,000     -13,601,000 -1,796,000   -1,848,813 155,278,512          
          cash and cash equivalents at beginning of period
        		                              0 0 96,443,000                    
          cash and cash equivalents at end of period
        		                              14,127,000 -5,723,000 97,284,000                    
          net decrease in cash and cash equivalents
        		                                  13,001,000 -4,467,000 -31,634,000    -25,030,000            
          inventories and marine operating supplies
        		                                 -520,000 -363,000 -269,000 116,000 -432,000 402,000 480,000 623,000 -924,051 1,012,239          
          redemption of restricted cash and marketable securities
        		                                                    
          purchase of investment in cfmf
        		                                         953 0          
          advance from stockholder
        		                                                    
          repurchase of common stock and warrants
        		                                                    
          net proceeds from merger
        		                                         89,999,945           
          payments to stockholders for the merger
        		                                                    
          cash and cash equivalents as of beginning of year
        		                                                    
          cash and cash equivalents as of end of year
        		                                                    
          cash paid during the year for:
        		                                                    
          amortization of debt discount, deferred financing and other
        		                                  566,000 544,000 552,000                
          loss on currency translation
        		                                  -941,000 140,000 -246,000 429,000 5,000 357,000 -71,000            
          redemption (purchase) of restricted cash and marketable securities
        		                                                    
          repurchase of employee shares as part of cashless exercise of options or vesting of restricted shares for tax purposes
        		                                  0                  
          repurchase of warrants and common shares
        		                                  0 -594,000 -5,572,000                
          cash and cash equivalents as of beginning of period
        		                                  0 0 135,416,000 0 0 0 206,903,000 280           
          cash and cash equivalents as of end of period
        		                                  13,001,000 -4,467,000 103,782,000 -13,601,000 -1,796,000 -31,060,000 181,873,000 -1,848,533           
          cash paid during the period for:
        		                                                    
          purchase of restricted cash and marketable securities
        		                                   -7,835,000 -4,411,000  7,251,000 -2,120,000 -7,038,000            
          stock-based compensation expense
        		                                    4,202,000                
          proceeds used in exchange of option shares
        		                                    -202,000 1,000 -1,000 1,000 -2,695,000 -29,563           
          repurchase of shares as part of ceo allocation plan
        		                                    -901,000                
          advance from shareholder
        		                                                    
          (purchase) redemption of restricted cash and marketable securities
        		                                                    
          payments to shareholders for the merger
        		                                                    
          repurchase of stock from common shareholders
        		                                                    
          repayment of due to stockholder
        		                                                    
          repurchase of stock from class b stockholders
        		                                                    
          amortization of debt discount, deferred financing and other costs
        		                                      1,416,000              
          gain on transfer of assets
        		                                         668 0          
          acquisition of natural habitat, inc., net of cash acquired
        		                                      0              
          repurchase of warrants
        		                                      0 0 -5,420,000            
          net cash (used in) provided by financing activities
        		                                                    
          acquisition of natural habitat, inc.:
        		                                                    
          total purchase price consideration
        		                                      0              
          consideration consisted of:
        		                                                    
          cash paid to acquire natural habitat, inc.
        		                                      0              
          non-cash consideration - long-term debt
        		                                      0              
          non-cash consideration - lindblad restricted shares
        		                                      0              
          investment in cfmf liquidation of junior debt asset, warrant
        		                                          0          
          cfmf liquidation of junior debt long-term debt, additional paid-in capital
        		                                                    
          transfer from inventories and marine operating supplies
        		                                                    
          transfer to property and equipment
        		                                                    
          purchase of property and equipment
        		                                       -26,024,000 -6,872,000 -6,657,179 -5,575,553          
          advance to shareholder
        		                                                    
          assets acquired and liabilities assumed:
        		                                                    
          cash and cash equivalents
        		                                                    
          current assets, excluding cash acquired
        		                                                    
          property and equipment
        		                                                    
          goodwill and other intangibles
        		                                                    
          deferred tax liability
        		                                                    
          redeemable noncontrolling interest
        		                                                    
          increase in amount due from dvb
        		                                                    
          amortization of debt discount and deferred financing costs
        		                                        552,000 842,553 524,499          
          non-cash investing and financing activities
        		                                                    
          change in fair value of obligation to repurchase shares of
        		                                                    
          class a common stock
        		                                                    
          acquisition of fillmore, net of cash acquired
        		                                                    
          advance from (to) shareholder
        		                                         74 0          
          (redemption) purchase of restricted cash and marketable securities
        		                                         824,868           
          deferred financing costs
        		                                         -101,324 -411,501          
          repayments of participation certificates
        		                                                    
          repurchase of stock from class b shareholders
        		                                                    
          gain on currency translation
        		                                                    
          cash paid during period for:
        		                                                    
          changes in operating assets and liabilities:
        		                                                    
          other long term liabilities
        		                                                    
          repurchase of stock from class a shareholders
        		                                                    
          cash and cash equivalents at beginning of year
        		                                                    
          cash and cash equivalents at end of year
        		                                                    
          cash paid during the year for
        		                                                    
          cfmf liquidation of junior debt long term debt, additional paid in capital
        		                                                    
          adjustments to reconcile net income to net cash from operating activities
        		                                                    
          deferred rent
        		                                             -2,680 -4,020 2,680     
          accrued interest receivable
        		                                            6,530 -19,770 1,111 3,222     
          accrued franchise tax payable
        		                                            -315,000 45,000 45,000 45,000     
          trust account, interest income available for working capital and taxes
        		                                            21,205 24,621 10,350 -3,239     
          proceeds from notes payable, related party
        		                                            991,329        
          net increase in cash
        		                                            171,727 55,453 -1,453 -189,290    -1,530 
          net cash beginning of period
        		                                            28,634 0       
          net cash end of period
        		                                            200,361 55,453       
          supplemental disclosure of cash flow information:
        		                                                    
          cash paid for taxes
        		                                             0       
          cash paid for interest
        		                                            47,108        
          6
        		                                                    
          other assets
        		                                                    
          trust account, restricted
        		                                                    
          gross proceeds from initial public offering
        		                                                    
          advances from (due to) related parties
        		                                                    
          repayment of notes payable, related party
        		                                                    
          proceeds from issuance of sponsor’s warrants
        		                                                    
          payment of underwriting discount and offering expenses
        		                                                    
          supplemental disclosure of non-cash investing and financing activities:
        		                                                    
          accrual for offering costs charged to additional paid-in-capital
        		                                                    
          prepaid expenses
        		                                              -63,265 -4,875     
          proceeds from initial public offering
        		                                                    
          purchase of marketable securities
        		                                                    
          proceeds from related party
        		                                                   6,906 
          repayment of due to related party
        		                                                    
          proceeds from issuance of stock to initial stockholders
        		                                                    
          cash at beginning of period
        		                                               312,298  0 0 2,577 
          cash at end of period:
        		                                               123,008     
          accrual for offering costs charged to additional paid in capital
        		                                                    
          united states treasury notes
        		                                               9,969     
          other current assets
        		                                                    
          other asset
        		                                                    
          cash at end of period
        		                                                 -300,507 841,650 1,047 
          exhibit no.
        		                                                    
          31.1
        		                                                    
          31.2
        		                                                    
          32
        		                                                    
          net increase incash
        		                                                    
          proceeds from note payable to related party
        		                                                    
          proceeds from issuance of common stock to initial stockholders
        		                                                    
          payment of deferred offering costs
        		                                                   -6,886 
          supplemental disclosure of cash flow information
        		                                                    
          non-cash financing activities:
        		                                                    
          deferred offering costs included in accounts payable
        		                                                   38,205