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Bonds Payable | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Bonds Payable | Bonds Payable We have issued three series of nonconvertible bonds ("Bonds") through SPC, which are traded on the TASE. The Bonds are denominated in New Israeli Shekels ("NIS") and provide for semiannual principal and interest payments through maturity. In connection with the Bonds, we incurred a loss on foreign currency transactions of $6,175, $13,378, and $15,108, for the years ended December 31, 2021, 2020 and 2019, respectively. We have a hedging agreement that effectively prevents the exchange rate for the NIS to the U.S. Dollar from falling below 2.7. The outstanding balance of our Bonds at December 31, 2021 and 2020 is as follows:
|  | December 31, |  | Interest Rate |  |
Bond Issuance |  | 2021 |  | 2020 |  |  | Maturity
Series A Bonds(1)(2) |  | 65,563 |  |  | 95,133 |  |  | 7.30 | % |  | 7/31/23
Series B Bonds(3) |  | 54,019 |  |  | 65,318 |  |  | 6.80 | % |  | 7/31/25
Series C Bonds(2) |  | 75,298 |  |  | 85,537 |  |  | 4.65 | % |  | 1/31/23
|  | 194,880 |  |  | 245,988 |  |  |  |  |
Less unamortized deferred issuance costs |  | (5,428) |  |  | (8,100) |  |  |  |  |
|  | 189,452 |  |  | 237,888 |  |  |  |  |
(1) The bonds are collateralized by the assets of SPC. (2) The bonds are collateralized by a trust deed in Browning Place, a 625,297 square foot office building in Farmers Branch, Texas. The aggregate maturities of our Bonds are as follows:
Year |  | Amount
2022 |  | $ | 46,286 |
2023 |  | 121,584 |
2024 |  | 13,505 |
2025 |  | 13,505 |
|  | $ | 194,880 |
The Bonds include a number of covenants, including restrictions on the amount of cash that can distributed from SPC. As of December 31, 2021, we were in compliance with our bond covenants.

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