Assets and Liabilities Held for Sale

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Luxury

The Company has entered into a definitive agreement to sell Luxury, and it is classified as held for sale at June 30, 2022 and December 31, 2021. We have noted no change to our intention to sell and consider the sale to be probable pending regulatory approval. The transaction did not meet the requirements to be classified as a discontinued operation. The following table presents detail of Luxury’s assets and liabilities held for sale in the condensed consolidated balance sheets for the following periods:


	As of
	June 30, 2022		December 31, 2021
Assets:
Investments:
Loans, at fair value	$	61,270	$	236,810
Other investments	1,741		2,071
Total investments	63,011		238,881
Cash, cash equivalents and restricted cash	9,172		9,360
Notes and accounts receivable, net	891		157
Other assets	1,989		2,210
Assets held for sale	$	75,063	$	250,608

Liabilities:
Debt, net	$	62,332	$	227,973
Other liabilities and accrued expenses	6,814		15,021
Liabilities held for sale	$	69,146	$	242,994

Luxury’s earnings had no impact to net income (loss) attributable to common stockholders for the three or six months ended June 30, 2022 and 2021.

Marine

In the three months ended June 30, 2022, the Company completed the sale of one dry bulk vessel from its maritime shipping operations, which had previously been held for sale. The Company recognized a net gain of $7,117 based on $21,500 of proceeds plus final settlement of assets. Also in the three months ended June 30, 2022, we entered into definitive agreements to sell the remaining two dry bulk vessels for $46,200. As of June 30, 2022, these two additional vessels are classified as held for sale. We expect the remaining sales to be completed in the third quarter of 2022. The following table presents detail of the assets held for sale in the condensed consolidated balance sheet as of June 30, 2022:


	As of
	June 30, 2022
Assets:
Investments:
Other investments	$	30,105
Total investments	30,105
Other assets	1,114
Assets held for sale	$	31,219