Other Liabilities

3 Months Ended

Mar. 31, 2023

Other Liabilities

Other Liabilities

10. Other Liabilities

Other liabilities consist of the following:

	March 31,		December 31,
	2023		2022
Accounts payable	$	60,700	$	69,864
Income tax payable		11,239		3,470
Finance lease liabilities		278		300
Operating lease liabilities		1,026		678
Accrued compensation		3,673		5,731
Other accrued liabilities		5,532		3,641
Club membership deposits		3,369		3,422
Advance deposits		9,609		4,415
Accrued interest expense for Senior Notes held by SPE		713		2,850
Total other liabilities	$	96,139	$	94,371

Accounts payable as of March 31, 2023 and December 31, 2022, 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, and the Watersound Origins and Ward Creek residential communities. As of March 31, 2023 and December 31, 2022, accounts payable also include $30.4 million and $27.7 million, respectively, of retainage payable for projects under development and construction that are approaching completion.

Other accrued liabilities include $2.1 million and $0.3 million of accrued property taxes as of March 31, 2023 and December 31, 2022, respectively, which are generally paid annually in November.

Advance deposits consist of deposits received on hotel rooms and related hospitality activities. Advance deposits are recorded as other liabilities in the condensed 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.