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Notes Payable - Schedule of Debt (Detail) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Apr. 30, 2021
Debt Instrument [Line Items]      
Total notes payable $ 309,937 $ 308,523  
Less: current portion of notes payable (3,036) (2,996)  
Notes payable, net of current portion 306,901 305,527  
Acquired Debt [member]      
Debt Instrument [Line Items]      
Total notes payable [1] 302 351  
Private Placement Debt April 30, 2021 [Member]      
Debt Instrument [Line Items]      
Total notes payable 223,746 [2] 221,680 [2] $ 224,435
Mortgage Notes [Member]      
Debt Instrument [Line Items]      
Total notes payable [3] $ 85,889 $ 86,492  
[1]

1 In connection with acquisitions completed in 2017 and 2019, the Company committed to provide charitable contributions of $50 thousand per quarter through October 2024 and $250 thousand per year through May 2024, respectively. The net present value of these contributions has been recorded as a liability with interest rates ranging between 2.17% - 7.00%.

[2] 2 The April 30, 2021 private placement debt, as amended on October 21, 2021 (the “April 30, 2021 Notes”), were issued in an aggregate amount of $249,934 thousand with an interest rate of 7%, maturing on April 30, 2025. The outstanding principal balance of the April 30, 2021 Notes was $224,435 thousand as of March 31, 2024 and December 31, 2023, respectively, and was recorded net of debt discount, the carrying value of which was $689 thousand and $2,755 thousand as of March 31, 2024 and December 31, 2023, respectively.
[3]

3 The Company has issued various mortgage notes at an aggregate value of $88,785 thousand in connection with various operating properties as of March 31, 2024 and December 31, 2023. The mortgage notes were issued at a discount, the carrying value of which was $693 thousand and $725 thousand, and are presented net of principal payments of $2,203 thousand and $1,568 thousand as of March 31, 2024 and December 31, 2023, respectively. These mortgage notes mature between August 20, 2025 and June 5, 2035 with interest rates ranging between 5.00% and 7.77%.