Lindblad Expeditions Holdings, Inc. (NasdaqCM:LIND) will look for M&A opportunities. During the company?s fourth quarter and full year financial results, Craig Felenstein, Chief Financial Officer said that ?So, I would say we really haven't changed the way we look at share buybacks, really since we put our share buyback plan in place prior to the pandemic. And that is when you think about the cash at the company and what we want to do with that cash, our first priority is to grow the business organically.

Our second priority is to look for M&A opportunities that will ultimately increase the earnings potential of the company here moving forward and increase the opportunity to grow. And then third, we have no hesitation about returning capital to shareholders, either through buying back shares or obviously lowering our outstanding debt when we have the ability to do so. So I would say that's how we weigh all of our cash return at any given moment, and we'll continue to do that moving forward?.