Assets and Liabilities Held for Sale

9 Months Ended

Sep. 30, 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 September 30, 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
	September 30, 2021		December 31, 2020
Assets:
Investments:
Loans, at fair value	$	168,307	$	164,802
Other investments	2,410		4,345
Total investments	170,717		169,147
Cash, cash equivalents and restricted cash	12,319		4,879

Notes and accounts receivable, net	136		1,760
Other assets	2,423		5,919
Assets held for sale	$	185,595	$	181,705

Liabilities:
Debt, net	$	163,701	$	162,072
Other liabilities and accrued expenses (1)	14,642		13,040
Liabilities held for sale	$	178,343	$	175,112

(1) Includes deferred tax liabilities of $1,796 and $939 as of September 30, 2021 and December 31, 2020, respectively.

For the three and nine months ended September 30, 2021, the Company recorded an impairment of $386 and $1,175, respectively, related to assets and liabilities held for sale. For the three and nine months ended September 30, 2020, the Company did not record an impairment related to assets and liabilities held for sale. As of September 30, 2021 and December 31, 2020, accumulated impairment related to assets and liabilities held for sale was $5,603 and $4,428, respectively.