XML 50 R40.htm IDEA: XBRL DOCUMENT v3.22.2
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the advisory services fees incurred (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Advisory services fee
Base advisory fee$8,613 $9,006 $17,348 $17,741 
Reimbursable expenses (1)
2,364 1,621 4,935 3,212 
Equity-based compensation (2)
1,451 2,455 3,380 4,290 
Incentive fee(151)6,472 — 6,472 
Total advisory services fee$12,277 $19,554 $25,663 $31,715 
________
(1)Reimbursable expenses include overhead, internal audit, risk management advisory, asset management services and deferred cash awards.
(2)    Equity-based compensation is associated with equity grants of Ashford Trust’s common stock, LTIP units and Performance LTIP units awarded to officers and employees of Ashford LLC.
The table below summarizes the amount Ashford Trust has expensed related to reimbursed operating expenses of Ashford Securities (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Line Item2022202120222021
Corporate, general and administrative$664 $— $1,191 $19