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Redeemable Noncontrolling Interests in Operating Partnership (Tables)

12 Months Ended

Dec. 31, 2021

Noncontrolling Interest [Abstract]

Schedule of Compensation Expense

We recorded compensation expense for Performance LTIP units and LTIP units as presented in the table below (in thousands):

												Year Ended December 31,
Type						Line Item						2021						2020						2019
Performance LTIP units						Advisory services fee						$	1,128					$	1,972					$	3,594
LTIP units						Advisory services fee						1,119						2,042						3,264
LTIP units						Corporate, general and administrative						22						—						—
LTIP units - independent directors						Corporate, general and administrative						397						816						446
												$	2,666					$	4,830					$	7,304

The following table summarizes the stock-based compensation expense (in thousands):

						Year Ended December 31,
Line Item						2021						2020						2019
Advisory services fee						$	3,716					$	3,897					$	6,268
Management fees						199						594						768
Corporate, general and administrative						151						298						350
Corporate, general and administrative - independent directors						186						147						90
						$	4,252					$	4,936					$	7,476

The following table summarizes the compensation expense (in thousands):

						Year Ended December 31,
Line Item						2021						2020						2019
Advisory services fee						$	3,177					$	958					$	4,937

Schedules of Redeemable Noncontrolling Interest

The following table presents the common units redeemed and the fair value upon redemption (in thousands):

												Year Ended December 31,
																		2021						2020						2019
Common units converted to stock																		1						20						—
Fair value of common units converted																		$	43					$	959					$	—

The following table presents the redeemable noncontrolling interest in Ashford Trust and the corresponding approximate ownership percentage:

			December 31, 2021						December 31, 2020
Redeemable noncontrolling interests (in thousands)			$	22,742					$	22,951
Cumulative adjustments to redeemable noncontrolling interests (1) (in thousands)			186,756						186,763
Ownership percentage of operating partnership			0.63		%				8.51		%

____________________________________

(1)    Reflects the excess of the redemption value over the accumulated historical costs.

We allocated net (income) loss to the redeemable noncontrolling interests and declared aggregate cash distributions to holders of common units and holders of LTIP units, as presented in the table below (in thousands):

									Year Ended December 31,
															2021						2020						2019
Allocated net (income) loss to the redeemable noncontrolling interests															$	3,970					$	89,008					$	28,932
Distributions declared to holders of common units, LTIP units and Performance LTIP units															—						—						6,572
Performance LTIP dividend claw back upon cancellation															(518)						(1,401)						—

A summary of the activity of the units in our operating partnership is as follow (in thousands):

			Year Ended December 31,
			2021						2020						2019
Outstanding at beginning of year			217						219						199
LTIP units issued			70						23						3
Performance LTIP units issued			122						5						2
Performance LTIP units canceled			(8)						(11)						—
Common units issued for hotel acquisition			—						—						15
Common units converted to common stock			(1)						(19)						—
Outstanding at end of year			400						217						219
Common units convertible/redeemable at end of year			207						178						186

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- References

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Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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-Name Accounting Standards Codification
-Topic 718
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-URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

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