Other Liabilities

12 Months Ended

Dec. 31, 2022

Other Liabilities

Other Liabilities

11. Other Liabilities

Other liabilities consist of the following:

	December 31,		December 31,
	2022		2021
Accounts payable	$	69,864	$	48,597
Income tax payable		3,470		681
Finance lease liabilities		300		380
Operating lease liabilities		678		732
Accrued compensation		5,731		4,877
Other accrued liabilities		3,641		4,126
Club membership deposits		3,422		3,602
Advance deposits		4,415		2,140
Accrued interest expense for Senior Notes held by SPE		2,850		2,850
Total other liabilities	$	94,371	$	67,985

Accounts payable as of December 31, 2022 and 2021, includes payables for projects under development and construction, such as the Embassy Suites by Hilton hotel, the Camp Creek Inn and amenity center, Hotel Indigo, Watersound Town Center, Mexico Beach Crossings and the Watersound Origins, Breakfast Point East and Ward Creek residential communities. As of December 31, 2022 and 2021, accounts payable also include $27.7 million and $16.0 million, respectively, of retainage payable for projects under development and construction that are approaching completion.

Advance deposits consist of deposits received on hotel rooms and related hospitality activities. Advance deposits are recorded as other liabilities in the consolidated balance sheets without regard to whether they are refundable and are recognized as income at the time the service is provided for the related deposit.