Company: PRSU
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040127
Chunk: 169

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 169
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 million of expenses related to the capital raise. On December 31, 2024, we effected the mandatory conversion (the “Conversion”) of all outstanding shares of the Convertible Preferred Stock into approximately 6.7 million shares of our common stock, par value $1.50 per share. Our right to effect the Conversion was achieved on December 6, 2024, as a result of our common stock exceeding a volume-weighted-average price in excess of $42.50 for 20 out of 30 consecutive trading days pursuant to the terms of the Certificate of Designations governing the Convertible Preferred Stock. Following the Conversion, we had approximately 28 million shares of common stock issued and outstanding.The Convertible Preferred Stock carried a 5.5% cumulative quarterly dividend, which was payable in cash or in-kind at the Company’s option and was convertible at the option of the holders into shares of our common stock at a conversion price of $21.25 per share. During the years ended December 31, 2024, 2023 and 2022, $7.8 million of dividends were declared, all of which were paid in cash. Common Stock RepurchasesOur Board of Directors previously authorized us to repurchase shares of our common stock from time to time at prevailing market prices. In March 2020, our Board of Directors suspended our share repurchase program. As of December 31, 2024, 546,283 shares remain available for repurchase under all prior authorizations. Additionally, we repurchase shares related to tax withholding requirements on vested restricted share-based awards. Refer to Note 3 – Share-Based Compensation.

      NOTE 18. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
     
    Changes in AOCI by component are as follows:

        (in thousands)
         
        CumulativeForeign Currency Translation Adjustments

        Unrecognized Net Actuarial Loss and Prior Service Credit, Net

        Unrealized Loss on Interest Rate Cap

        AccumulatedOtherComprehensiveIncome (Loss)

        Balance at December 31, 2022
         
        $
        (42,983
        )
         
        $
        (4,202
        )
         
        $
        —

        $
        (47,185
        )

        Other comprehensive income (loss) before reclassifications

        7,643

        (119
        )

        (489
        )

        7,035

        Amounts reclassified from AOCI