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v3.24.1.1.u2

DEBT - Debt Activity (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023
Debt [Roll Forward] |  |  |
Long-term debt, beginning balance | $ 471,561 |  |
Payment of deferred debt origination costs | 0 | $ (2,400) |
Repayments | (4,175) |  |
Accretion & (Amortization) | 624 | 395 |
Amortization of debt discount (premium) | (14) | $ (1) |
Accretion & (Amortization) | 427 |  |
Net proceeds | 5,000 |  |
Long-term debt, ending balance | 472,813 |  |
Outstanding, ending balance | 476,226 |  |
Mortgage Payable |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance | 250,700 |  |
Deferred debt origination costs | (677) |  | $ (954)
Long-term debt, beginning balance | 249,746 |  |
Debt Issuances & Assumptions | 0 |  |
Payment of deferred debt origination costs | 0 |  |
Repayments | 0 |  |
Accretion & (Amortization) | 277 |  |
Net proceeds | 0 |  |
Long-term debt, ending balance | 250,023 |  |
Outstanding, ending balance | 250,700 |  |
Mortgage Payable | Fixed rate mortgages payable |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance | 163,700 |  |
Debt Issuances & Assumptions | 0 |  |
Repayments | 0 |  |
Outstanding, ending balance | 163,700 |  |
Mortgage Payable | Variable rate mortgage payable |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance | 87,000 |  |
Debt Issuances & Assumptions | 0 |  |
Repayments | 0 |  |
Outstanding, ending balance | 87,000 |  |
Secured Borrowings Principal |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance | 3,007 |  |
Long-term debt, beginning balance | 3,107 |  |
Premiums (discounts), beginning balance | 100 |  |
Repayments | (560) |  |
Amortization of debt discount (premium) | (39) |  |
Premiums (discounts), ending balance | 61 |  |
Long-term debt, ending balance | 2,508 |  |
Outstanding, ending balance | 2,447 |  |
Other Debt |  |  |
Debt [Roll Forward] |  |  |
Long-term debt, beginning balance | 218,708 |  |
Repayments | (3,615) |  |
Accretion & (Amortization) | 189 |  |
Net proceeds | 5,000 |  |
Long-term debt, ending balance | 220,282 |  |
Outstanding, ending balance | 64,849 |  |
Line of Credit | Revolving Credit Facility |  |  |
Debt [Roll Forward] |  |  |
Outstanding, ending balance | 158,230 |  |
Line of Credit | Revolving Credit Facility | 2022 credit facility revolver |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance | 97,000 |  |
Debt Issuances & Assumptions | 5,000 |  |
Repayments | 0 |  |
Outstanding, ending balance | 102,000 |  |
Line of Credit | Secured Borrowings Principal |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance | 56,230 |  |
Debt Issuances & Assumptions | 0 |  |
Repayments | 0 |  |
Outstanding, ending balance | 56,230 |  |
Junior subordinated notes |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance | 27,070 |  |
Premiums (discounts), beginning balance | (1,398) |  |
Debt Issuances & Assumptions | 0 |  |
Repayments | 0 |  |
Accretion & (Amortization) | 25 |  |
Premiums (discounts), ending balance | (1,373) |  |
Outstanding, ending balance | 27,070 |  |
SBA 7(a) loan-backed notes |  |  |
Debt [Roll Forward] |  |  |
Outstanding, beginning balance | 41,394 |  |
Debt Issuances & Assumptions | 0 |  |
Repayments | (3,615) |  |
Outstanding, ending balance | 37,779 |  |
Deferred debt origination costs — other |  |  |
Debt [Roll Forward] |  |  |
Deferred debt origination costs | (1,424) |  | $ (1,588)
Payment of deferred debt origination costs | 0 |  |
Accretion & (Amortization) | $ 164 |  |

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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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