XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.23.3

Notes Receivable, Net and Other (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Receivables [Abstract] |
Schedule of Accounts and Notes Receivable | Notes receivable, net are summarized in the table below (dollars in thousands):
| Interest Rate |  | September 30, 2023 |  | December 31, 2022
Certificate of Occupancy Note (1) (3) |  |  |  |  |
Face amount | 7.0 | % |  | $ | — |  |  | $ | 5,250 |
Discount (2) |  |  | — |  |  | (188) |
Notes receivable, net |  |  | $ | — |  |  | $ | 5,062 |
____________________________________ (1) The outstanding principal balance and all accrued and unpaid interest was due and payable on or before July 9, 2025. The note was paid in full on July 14, 2023. (2) The discount represented the imputed interest during the interest-free period. (3) The note receivable was secured by the 1.65-acre land parcel adjacent to the Hilton St. Petersburg Bayfront The following table summarizes the note receivable (dollars in thousands):
| Interest Rate |  | September 30, 2023 |  | December 31, 2022
Note receivable | 18.0 | % |  | $ | 5,721 |  |  | $ | — |
The components of the receivable, which is included in “other assets” in the consolidated balance sheet, are summarized below (dollars in thousands):
| Imputed Interest Rate |  | September 30, 2023 |  | December 31, 2022 |  |
Deferred Consideration |  |  |  |  |  |  |
Face amount | 10.0 | % |  | $ | 1,500 |  |  | $ | 1,500 |  |  |
Discount (1) |  |  | (142) |  |  | (240) |  |  |
|  |  | $ | 1,358 |  |  | $ | 1,260 |  |  |
_______________ (1) The discount represents the imputed interest during the interest-free period.
Schedule of Other Income (Expense) | We recognized discount amortization income as presented in the table below (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Line Item |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Other income (expense) |  | $ | 9 |  |  | $ | 86 |  |  | $ | 188 |  |  | $ | 252 |  |  |
The following table summarizes the interest income associated with the note receivable (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |  |  |
Line Item |  | 2023 |  |  |  | 2023 |  |  |  |
Other income (expense) |  | $ | 192 |  |  |  |  | $ | 212 |  |  |  |  |
We recognized discount amortization income as presented in the table below (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Line Item |  | 2023 |  |  |  | 2022 |  | 2023 |  | 2022 |  |
Other income (expense) |  | $ | 34 |  |  |  |  | $ | 10 |  |  | $ | 98 |  |  | $ | 10 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration