Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The table below details the current and deferred income tax benefit (expense) for the years ended December 31, 2022, 2021 and 2020 (in thousands):

	2022		2021		2020
Current TRS income tax	$	(137)	$	—	$	7
Current state income tax expense	(226)		(505)		(503)
Current foreign income tax	(1)		(4)		3
Current foreign withholding tax	(1,041)		(1,088)		(1,018)
Deferred TRS income tax (expense) benefit	—		—		(4,448)
Deferred foreign withholding tax	—		—		—
Deferred income tax (expense) benefit	169		—		(10,797)
Income tax benefit (expense)	$	(1,236)	$	(1,597)	$	(16,756)

Schedule of Deferred Tax Assets and Liabilities

The Company’s consolidated deferred tax position is summarized as follows (in thousands):

	2022		2021
Fixed assets	$	22,788	$	21,687
Net operating losses	10,093		10,828
Start-up costs	2,185		2,309
Other	1,826		1,093
Total deferred tax assets	$	36,892	$	35,917
Capital improvements	$	(2,718)	$	(2,904)
Straight-line receivable	(962)		(915)
Other	(419)		(763)
Total deferred tax liabilities	$	(4,099)	$	(4,582)
Valuation allowance	(32,624)		(31,335)
Net deferred tax asset	$	169	$	—

Schedule of Intangible Assets and Goodwill

Intangible assets and liabilities (included in "Other assets" and "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheets) consist of the following at December 31 (in thousands):

	2022		2021
Assets:
In-place leases, net of accumulated amortization of $20.0 million and $17.2 million, respectively	$	17,769	$	18,401
Above-market lease, net of accumulated amortization of $1.3 million and $1.2 million, respectively	257		303
Tradenames, net of accumulated amortization of $583 thousand and $450 thousand, respectively (1)	8,580		8,713
Contract value, net of accumulated amortization of $1.6 million and $1.3 million, respectively	9,323		9,689
Goodwill	693		693
Total intangible assets, net	$	36,622	$	37,799
Liabilities:
Below-market lease, net of accumulated amortization of $2.4 million and $2.0 million, respectively	$	7,741	$	7,941

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization of in-place leases, net, above-market lease, net, tradenames, net, contract value, net and below-market lease, net at December 31, 2022 is as follows (in thousands):

	In place leases		Tradenames (1)		Contract Value		Above-market lease		Below-market lease
Year:
2023	$	2,686	$	133	$	365	$	46	$	(431)
2024	2,008		133		365		46		(413)
2025	1,900		133		365		46		(404)
2026	1,774		133		365		46		(319)
2027	1,642		133		365		46		(255)
Thereafter	7,759		2,559		7,498		27		(5,919)
Total	$	17,769	$	3,224	$	9,323	$	257	$	(7,741)
Weighted average amortization period (years)	11.1		25.3		25.5		5.5		29.0
(1) Excludes $5.4 million in tradenames with indefinite lives.