Bonds Payable

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Bonds Payable

Bonds Payable

We have issued three series of nonconvertible bonds ("Bonds") through SPC, which are traded on the TASE. The Bonds are denominated in New Israeli Shekels ("NIS") and provide for semiannual principal and interest payments through maturity. The Bonds are subject to a number of covenants, which include restrictions on the distribution of cash from SPC.

In connection with the Bonds, we incurred a gain (loss) on foreign currency transactions of $1,533 and $(1,639) during the three months ended September 30, 2022 and 2021, respectively, and $19,437 and $1,185 for the nine months ended September 30, 2022 and 2021, respectively.

The outstanding balance of our Bonds at September 30, 2022 and December 31, 2021 is as follows:

Bond Issuance	September 30, 2022		December 31, 2021		Interest Rate		Maturity
Series A Bonds(1)	$	28,776	$	65,563	7.30	%	7/31/23
Series B Bonds(1)	35,563		54,019		6.80	%	7/31/25
Series C Bonds(2)	66,095		75,298		4.65	%	1/31/23
	130,434		194,880
Less unamortized deferred issuance costs	(2,937)		(5,428)
	$	127,497	$	189,452

(1)    The bonds are collateralized by the assets of SPC.

(2)    The bonds are collateralized by a trust deed on Browning Place, a 625,297 square foot office building in Farmers Branch, Texas.