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Other Assets and Other Liabilities

3 Months Ended

Mar. 31, 2021

Other Assets

The following table details the components of our other assets as of March 31, 2021 and December 31, 2020:


(In thousands)	March 31, 2021		December 31, 2020
Sales-type sub-leases	$	277,498	$	277,482
Property and equipment used in operations, net	69,556		69,204
Debt financing costs	23,208		8,879
Right of use assets	17,337		17,507
Deferred acquisition costs	4,955		1,788
Tenant receivables	4,693		3,384
Interest receivable	2,761		2,746
Prepaid expenses	2,682		2,710
Other receivables	1,086		803
Other	2,841		2,027
Total other assets	$	406,617	$	386,530

Property and equipment used in operations, included within other assets, is primarily attributable to the land, building and improvements of our golf operations and consists of the following as of March 31, 2021 and December 31, 2020:


(In thousands)	March 31, 2021		December 31, 2020
Land and land improvements	$	59,137	$	59,115
Buildings and improvements	14,708		14,697
Furniture and equipment	8,041		7,020
Total property and equipment used in operations	81,886		80,832
Less: accumulated depreciation	(12,330)		(11,628)
Total property and equipment used in operations, net	$	69,556	$	69,204


	Three Months Ended March 31,
(In thousands)	2021		2020
Depreciation expense	$	792	$	867

Other Liabilities

The following table details the components of our other liabilities as of March 31, 2021 and December 31, 2020:


(In thousands)	March 31, 2021		December 31, 2020
Finance sub-lease liabilities	$	284,190	$	284,376
Derivative liability	80,143		92,521
Other accrued expenses	30,192		6,518
Lease liabilities	17,337		17,507
Deferred income taxes	3,831		3,533
Accrued payroll and other compensation	1,899		8,474
Accounts payable	249		734
Total other liabilities	$	417,841	$	413,663