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Commitments and Contingent Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Assets And Liabilities | The following table details the balance and location in our Balance Sheet of the ground and use sub-leases as of September 30, 2025 and December 31, 2024:
(In thousands) | September 30, 2025 |  | December 31, 2024
Other assets (operating lease and sub-leases right-of-use assets) | $ | 55,326 |  |  | $ | 54,144 |
Other liabilities (operating lease and sub-lease liabilities) | 55,028 |  |  | 53,822 |
Other assets (sales-type sub-leases, net) (1) | 842,097 |  |  | 842,776 |
Other liabilities (finance sub-lease liabilities) | 862,469 |  |  | 863,374 |
___________________ (1) As of September 30, 2025 and December 31, 2024, sales-type sub-leases are net of $20.4 million and $20.6 million of allowance for credit losses, respectively. Refer to Note 5 – Allowance for Credit Losses for further details.
Schedule of Rent Expense | Total rental expense for operating lease commitments and total rental income and rental expense for operating and Finance sub-lease commitments and contractual rent expense under these agreements were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Operating leases |  |  |  |  |  |  |
Rental expense (1) | $ | 632 |  |  | $ | 631 |  |  | $ | 1,890 |  |  | $ | 1,705 |
Contractual rent | 260 |  |  | 254 |  |  | 846 |  |  | 1,109 |
Operating sub-leases |  |  |  |  |  |  |
Rental income and expense (2) | 1,801 |  |  | 1,712 |  |  | 5,363 |  |  | 5,137 |
Contractual rent | 1,704 |  |  | 1,699 |  |  | 5,033 |  |  | 5,064 |
Finance sub-leases |  |  |  |  |  |  |
Rental income and expense (2) | 15,968 |  |  | 16,003 |  |  | 47,908 |  |  | 48,026 |
Contractual rent | 17,751 |  |  | 17,757 |  |  | 49,400 |  |  | 49,266 |
___________________ (1) Total rental expense is included in golf operations and general and administrative expenses in our Statement of Operations. (2) Total rental income and rental expense for operating and finance sub-lease commitments are presented gross and included in Other income and Other expenses in our Statement of Operations.
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 and ground and use sub-leases at September 30, 2025 are as follows:
($ In thousands) |  | Operating Lease Commitments |  | Operating Sub-Lease Commitments |  | Financing Sub-Lease Commitments
2025 (remaining) |  | $ | 254 |  |  | $ | 1,719 |  |  | $ | 15,829 |
2026 |  | 2,772 |  |  | 7,014 |  |  | 65,233 |
2027 |  | 1,921 |  |  | 7,208 |  |  | 65,233 |
2028 |  | 2,813 |  |  | 6,470 |  |  | 65,295 |
2029 |  | 1,921 |  |  | 5,743 |  |  | 65,854 |
2030 |  | 2,916 |  |  | 2,436 |  |  | 66,028 |
Thereafter |  | 17,909 |  |  | 8,679 |  |  | 2,627,864 |
Total minimum lease commitments |  | $ | 30,506 |  |  | $ | 39,269 |  |  | $ | 2,971,336 |
Discounting factor |  | 9,076 |  |  | 5,671 |  |  | 2,108,867 |
Lease liability |  | $ | 21,430 |  |  | $ | 33,598 |  |  | $ | 862,469 |
Discount rates (1) |  | 5.3% – 7.0% |  | 2.6% – 5.8% |  | 5.6% – 8.3%
Weighted average remaining lease term |  | 11.4 years |  | 6.8 years |  | 51.0 years
____________________ (1) The discount rates for the leases were determined based on the yield of our then current secured borrowings, adjusted to match borrowings of similar terms.
Schedule of Finance Lease, Liability, Maturity | The future minimum lease commitments relating to the base lease rent portion of noncancelable operating leases and ground and use sub-leases at September 30, 2025 are as follows:
($ In thousands) |  | Operating Lease Commitments |  | Operating Sub-Lease Commitments |  | Financing Sub-Lease Commitments
2025 (remaining) |  | $ | 254 |  |  | $ | 1,719 |  |  | $ | 15,829 |
2026 |  | 2,772 |  |  | 7,014 |  |  | 65,233 |
2027 |  | 1,921 |  |  | 7,208 |  |  | 65,233 |
2028 |  | 2,813 |  |  | 6,470 |  |  | 65,295 |
2029 |  | 1,921 |  |  | 5,743 |  |  | 65,854 |
2030 |  | 2,916 |  |  | 2,436 |  |  | 66,028 |
Thereafter |  | 17,909 |  |  | 8,679 |  |  | 2,627,864 |
Total minimum lease commitments |  | $ | 30,506 |  |  | $ | 39,269 |  |  | $ | 2,971,336 |
Discounting factor |  | 9,076 |  |  | 5,671 |  |  | 2,108,867 |
Lease liability |  | $ | 21,430 |  |  | $ | 33,598 |  |  | $ | 862,469 |
Discount rates (1) |  | 5.3% – 7.0% |  | 2.6% – 5.8% |  | 5.6% – 8.3%
Weighted average remaining lease term |  | 11.4 years |  | 6.8 years |  | 51.0 years
____________________ (1) The discount rates for the leases were determined based on the yield of our then current secured borrowings, adjusted to match borrowings of similar terms.

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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