XML 116 R105.htm IDEA: XBRL DOCUMENT v3.21.2
Commitments and Contingencies - (Details) - USD ($)
$ in Thousands
1 Months Ended
Apr. 30, 2021
Nov. 30, 2020
Nov. 30, 2019
Jan. 31, 2019
Nov. 12, 2035
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Obligations                  
Accrued liabilities for other litigation, claims, other disputes and governmental proceedings           $ 700   $ 700  
Amount of letters of credit outstanding           6,300   6,600  
Purchase obligations, total           222,400      
Notes receivable, net           15,585   10,877  
Principal balance           185,957   161,418  
Allowance for credit losses within other liabilities           100   100  
Pier Park TPS JV Loan                  
Obligations                  
Guarantor liability, Scenario 1 (as a percent)       50.00%          
Guarantor liability, Scenario 2 (as a percent)       25.00%          
Busy Bee JV Construction and Equipment Loans                  
Obligations                  
Guarantor liability, Scenario 3 (as a percent)     50.00%            
Period of financial reporting and financial covenant obligations upon completion at specified rate     12 months            
Latitude Margaritaville Watersound JV                  
Obligations                  
Amount as lender of secured revolving promissory note           10,000   10,000 $ 10,000
Amount committed to fund                 $ 10,000
Notes receivable, net           7,600   2,700  
Surety bonds                  
Obligations                  
Commitment obligations           22,700   24,200  
Unconsolidated joint ventures                  
Obligations                  
Principal balance           58,295   33,088  
Pier Park TPS JV                  
Obligations                  
Principal balance           $ 14,268   14,388  
Pier Park TPS JV | Pier Park TPS JV Loan                  
Obligations                  
Loan amount       $ 14,400          
Debt interest rate (as a percent)           5.21%      
Principal balance           $ 14,300   14,400  
Pier Park TPS JV | Pier Park TPS JV Loan | LIBOR                  
Obligations                  
Basis spread on variable rate (as a percent)       2.50%          
Pier Park TPS JV | Interest rate swap                  
Obligations                  
Notional amount             $ 14,400    
Busy Bee JV (SJBB, LLC)                  
Obligations                  
Principal balance           6,465   6,614  
Busy Bee JV (SJBB, LLC) | Busy Bee JV Construction and Equipment Loans | LIBOR                  
Obligations                  
Basis spread on variable rate (as a percent)     1.50%            
Busy Bee JV (SJBB, LLC) | Busy Bee JV Construction Loan, due November 2035                  
Obligations                  
Loan amount     $ 5,400            
Principal balance           5,300   5,400  
Busy Bee JV (SJBB, LLC) | Busy Bee JV Equipment Loan, due November 2027                  
Obligations                  
Loan amount     $ 1,200            
Principal balance           1,100   1,200  
Busy Bee JV (SJBB, LLC) | Busy Bee JV Equipment Loan, due November 2027 | LIBOR                  
Obligations                  
Basis spread on variable rate (as a percent)     1.50%            
Busy Bee JV (SJBB, LLC) | Interest rate swap | Forecast                  
Obligations                  
Notional amount         $ 2,800        
Busy Bee JV (SJBB, LLC) | Interest rate swap | Busy Bee JV Construction Loan, due November 2035                  
Obligations                  
Notional amount     $ 5,400            
Fixed interest rate (as a percent)     2.68%            
Busy Bee JV (SJBB, LLC) | Interest rate swap | Busy Bee JV Equipment Loan, due November 2027                  
Obligations                  
Notional amount     $ 1,200            
Fixed interest rate (as a percent)     2.08%            
Latitude Margaritaville Watersound JV                  
Obligations                  
Principal balance           11,207   3,297  
Latitude Margaritaville Watersound JV | Latitude Margaritaville Watersound JV Loan, due November 2023                  
Obligations                  
Loan amount   $ 25,000              
Principal balance           3,600   $ 600  
Floor rate (as a percent)   3.25%              
Debt instrument, period by which maturity date may be extended   3 years              
Latitude Margaritaville Watersound JV | Latitude Margaritaville Watersound JV Loan, due November 2023 | LIBOR                  
Obligations                  
Basis spread on variable rate (as a percent)   2.50%              
Watersound Fountains Independent Living JV | Watersound Fountains JV Loan, due April 2026                  
Obligations                  
Loan amount $ 41,900                
Basis spread on variable rate (as a percent) 2.00%                
Guarantor liability, Scenario 1 (as a percent) 50.00%                
Guarantor liability, Scenario 2 (as a percent) 25.00%                
Guarantor liability, Scenario 3 (as a percent) 0.00%                
Principal balance           $ 0      
Floor rate (as a percent) 2.50%                
Debt instrument, period subject to interest payments only 48 months                
Debt instrument, period by which maturity date may be extended 12 months