Assets and Liabilities Held for Sale

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

The Company has entered into a definitive agreement to sell Luxury, and it is classified as held for sale at March 31, 2021 and December 31, 2020. The agreement did not meet the requirements to be classified as a discontinued operation. The following table presents detail of Luxury’s assets and liabilities held for sale in the condensed consolidated balance sheets for the following periods:


	As of
	March 31, 2021		December 31, 2020
Assets:
Investments:
Loans, at fair value	$	138,421	$	164,802
Other investments	4,773		4,345
Total investments	143,194		169,147
Cash and cash equivalents	7,310		4,870
Restricted cash	7		9
Notes and accounts receivable, net	259		1,760
Other assets	8,565		5,919
Assets held for sale	$	159,335	$	181,705

Liabilities:
Debt, net	$	137,946	$	162,072
Other liabilities and accrued expenses (1)	14,515		13,040
Liabilities held for sale	$	152,461	$	175,112

(1) Includes deferred tax liabilities of $1,314 and $939 as of March 31, 2021 and December 31, 2020, respectively.

For the three months ended March 31, 2021 and 2020, the Company recorded an impairment of $431 and $0, respectively, related to assets and liabilities held for sale. As of March 31, 2021 and December 31, 2020, accumulated impairment related to assets and liabilities held for sale was $4,859 and $4,428, respectively.