XML 122 R111.htm IDEA: XBRL DOCUMENT v3.22.1
Commitments and Contingencies - (Details) - USD ($)
$ in Thousands
1 Months Ended
Apr. 30, 2021
Nov. 30, 2020
Jan. 31, 2019
Mar. 31, 2022
Dec. 31, 2021
Jan. 14, 2021
Jun. 30, 2020
Obligations              
Accrued liabilities for other litigation, claims, other disputes and governmental proceedings       $ 400 $ 400    
Amount of letters of credit outstanding       16,800 12,900    
Purchase obligations, total       220,100      
Principal balance       262,091 227,474    
Allowance for credit losses within other liabilities       100 100    
Latitude JV Note              
Obligations              
Amount committed to fund             $ 10,000
Note receivable       0 7,100    
Latitude Margaritaville Watersound JV              
Obligations              
Amount as lender of secured revolving promissory note       10,000 10,000   $ 10,000
Surety bonds              
Obligations              
Commitment obligations       37,300 36,900    
Pier Park TPS JV | Pier Park TPS JV Loan              
Obligations              
Guarantor liability, Scenario 2 (as a percent)     25.00%        
Watersound Fountains Independent Living JV | Watersound Fountains JV Loan, due April 2026              
Obligations              
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%            
Unconsolidated joint ventures              
Obligations              
Principal balance       79,157 62,701    
Pier Park TPS JV              
Obligations              
Principal balance       $ 14,050 14,124    
Pier Park TPS JV | Pier Park TPS JV Loan              
Obligations              
Fixed interest rate (as a percent)       5.20%      
Loan amount     $ 14,400        
Principal balance       $ 14,000 14,100    
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  
Latitude Margaritaville Watersound JV              
Obligations              
Principal balance       15,674 7,147    
Latitude Margaritaville Watersound JV | Latitude Margaritaville Watersound JV Loan, due November 2023              
Obligations              
Loan amount   $ 25,000          
Principal balance       15,700 0    
Floor rate (as a percent)   3.30%          
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              
Obligations              
Principal balance       7,287 66    
Watersound Fountains Independent Living JV | Watersound Fountains JV Loan, due April 2026              
Obligations              
Loan amount $ 41,900            
Principal balance       $ 7,300 $ 100    
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            
Watersound Fountains Independent Living JV | Watersound Fountains JV Loan, due April 2026 | LIBOR              
Obligations              
Basis spread on variable rate (as a percent) 2.00%