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Commitments and Contingent Liabilities (Tables)
 9 Months Ended
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, 2025December 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 
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(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)2025202420252024
Operating leases
Rental expense (1)
$632 $631 $1,890 $1,705 
Contractual rent260 254 846 1,109 
Operating sub-leases
Rental income and expense (2)
1,801 1,712 5,363 5,137 
Contractual rent1,704 1,699 5,033 5,064 
Finance sub-leases
Rental income and expense (2)
15,968 16,003 47,908 48,026 
Contractual rent17,751 17,757 49,400 49,266 
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(1) Total rental expense is included in golf operations and general and administrative expenses in our Statement of Operations.
(2) Total rental income and rental expense for operating and finance sub-lease commitments are presented gross and included in Other income and Other expenses in our Statement of Operations.
Schedule of Future Minimum Rental Payments for Operating Leases
The future minimum lease commitments relating to the base lease rent portion of noncancelable operating leases and ground and use sub-leases at September 30, 2025 are as follows:
($ In thousands)Operating Lease CommitmentsOperating Sub-Lease CommitmentsFinancing Sub-Lease Commitments
2025 (remaining)$254 $1,719 $15,829 
20262,772 7,014 65,233 
20271,921 7,208 65,233 
20282,813 6,470 65,295 
20291,921 5,743 65,854 
20302,916 2,436 66,028 
Thereafter17,909 8,679 2,627,864 
Total minimum lease commitments$30,506 $39,269 $2,971,336 
Discounting factor9,076 5,671 2,108,867 
Lease liability$21,430 $33,598 $862,469 
Discount rates (1)
5.3% – 7.0%
2.6% – 5.8%
5.6% – 8.3%
Weighted average remaining lease term11.4 years6.8 years51.0 years
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(1) The discount rates for the leases were determined based on the yield of our then current secured borrowings, adjusted to match borrowings of similar terms.
Schedule of Finance Lease, Liability, Maturity
The future minimum lease commitments relating to the base lease rent portion of noncancelable operating leases and ground and use sub-leases at September 30, 2025 are as follows:
($ In thousands)Operating Lease CommitmentsOperating Sub-Lease CommitmentsFinancing Sub-Lease Commitments
2025 (remaining)$254 $1,719 $15,829 
20262,772 7,014 65,233 
20271,921 7,208 65,233 
20282,813 6,470 65,295 
20291,921 5,743 65,854 
20302,916 2,436 66,028 
Thereafter17,909 8,679 2,627,864 
Total minimum lease commitments$30,506 $39,269 $2,971,336 
Discounting factor9,076 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 term11.4 years6.8 years51.0 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.