Other Assets and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

The following table details the components of our other assets as of June 30, 2023 and December 31, 2022:


(In thousands)	June 30, 2023		December 31, 2022
Sales-type sub-leases, net (1)	$	768,289	$	764,509
Property and equipment used in operations, net	66,826		67,209
Right of use assets and sub-lease right of use assets	41,727		45,008
Deferred acquisition costs	13,621		12,834
Debt financing costs	13,277		18,646
Tenant receivables	9,271		5,498
Other receivables	7,321		6,474
Interest receivable	5,885		6,911
Prepaid expenses	5,172		7,348
Forward-starting interest rate swaps	1,310		—
Other	1,440		1,891
Total other assets	$	934,139	$	936,328

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(1) As of June 30, 2023 and December 31, 2022, sales-type sub-leases are net of $16.3 million and $19.8 million of allowance for credit losses, respectively. Refer to Note 5 - Allowance for Credit Losses for further details.

Schedule of Property and Equipment Used in Operations, Net

Property and equipment used in operations, included within other assets, is primarily attributable to the land, building and improvements of our golf operations and consists of the following as of June 30, 2023 and December 31, 2022:


(In thousands)	June 30, 2023		December 31, 2022
Land and land improvements	$	60,367	$	60,332
Buildings and improvements	15,299		15,125
Furniture and equipment	10,672		9,563
Total property and equipment used in operations	86,338		85,020
Less: accumulated depreciation	(19,512)		(17,811)
Total property and equipment used in operations, net	$	66,826	$	67,209


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2023		2022		2023		2022
Depreciation expense	$	887	$	779	$	1,701	$	1,555

Schedule of Other Liabilities

The following table details the components of our other liabilities as of June 30, 2023 and December 31, 2022:


(In thousands)	June 30, 2023		December 31, 2022
Finance sub-lease liabilities	$	784,556	$	784,259
Deferred financing liabilities	73,600		73,600
Lease liabilities and sub-lease liabilities	41,727		45,039
CECL allowance for unfunded commitments	28,145		45,110
Deferred income taxes	4,416		4,339
Derivative liability	1,130		—
Other	250		125
Total other liabilities	$	933,824	$	952,472