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Intangible Asset, Net - Related Party | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Asset, Net - Related Party | INTANGIBLE ASSET, NET—RELATED PARTY The intangible asset relates to the contract value of the incentive compensation provisions of the A&R DMA with the Great Park Venture. The intangible asset will be amortized over the expected contract period based on the pattern in which the economic benefits are expected to be received. The carrying amount and accumulated amortization of the intangible asset as of September 30, 2023 and December 31, 2022 were as follows (in thousands):
| September 30, 2023 |  | December 31, 2022
Gross carrying amount | $ | 129,705 |  |  | $ | 129,705 |
Accumulated amortization | (98,676) |  |  | (89,448) |
Net book value | $ | 31,029 |  |  | $ | 40,257 |
Intangible asset amortization expense, as a result of revenue recognition attributable to incentive compensation, was $0.6 million and $9.2 million for the three and nine months ended September 30, 2023, respectively, and $5.4 million for both the three and nine months ended September 30, 2022. Amortization expense is included in the cost of management services in the accompanying condensed consolidated statements of operations and is included in the Great Park segment.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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