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Commitments and Contingent Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract] |
Summary of Lease Cost | Total rental expense, included in golf operations and general and administrative expenses in our Statement of Operations and contractual rent expense under these agreements were as follows:
| Three Months Ended March 31, |  |
(In thousands) | 2021 |  | 2020 |  |  |  |
Rent expense | $ | 499 |  |  | $ | 498 |  |  |  |  |
Contractual rent | $ | 470 |  |  | $ | 323 |  |  |  |  |
Total rental income and rental expense, included in Other income and Other expenses, respectively, in our Statement of Operations and contractual rent expense under these agreements were as follows:
| Three Months Ended March 31, |  |
(In thousands) | 2021 |  | 2020 |  |  |  |
Rental income and expense | $ | 5,652 |  |  | $ | 139 |  |  |  |  |
Contractual rent | $ | 5,838 |  |  | $ | 154 |  |  |  |  |
Schedule of Future Minimum Rental Payments for Operating Leases | The future minimum lease commitments relating to the base lease rent portion of noncancelable operating leases at March 31, 2021 are as follows:
(In thousands) |  | Lease Commitments
2021 (remaining) |  | $ | 1,381 |
2022 |  | 1,808 |
2023 |  | 1,827 |
2024 |  | 1,847 |
2025 |  | 1,908 |
2026 |  | 1,959 |
Thereafter |  | 17,117 |
Total minimum lease commitments |  | $ | 27,847 |
Discounting factor |  | 10,510 |
Lease liability |  | $ | 17,337 |
Schedule of Assets And Liabilities, Lessor | The following table details the balance and location in our Balance Sheet of the ground and use leases as of March 31, 2021 and December 31, 2020, which is primarily comprised of the HNO Ground Lease:
(In thousands) | March 31, 2021 |  | December 31, 2020 |  |  |  |
Others assets (sales-type sub-leases) | $ | 277,498 |  |  | $ | 277,482 |  |  |  |  |
Other liabilities (finance sub-lease liabilities) | $ | 284,190 |  |  | $ | 284,376 |  |  |  |  |
Schedule of Finance Lease, Liability, Maturity | The future minimum lease commitments relating to the ground and use leases at March 31, 2021 are as follows:
(In thousands) |  | Lease Commitments
2021 (remaining) |  | $ | 20,513 |
2022 |  | 26,350 |
2023 |  | 23,350 |
2024 |  | 23,350 |
2025 |  | 23,350 |
2026 |  | 23,350 |
Thereafter |  | 741,730 |
Total minimum lease commitments |  | $ | 881,993 |
Discounting factor |  | 597,803 |
Finance sub-lease liability |  | $ | 284,190 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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