XML 153 R134.htm IDEA: XBRL DOCUMENT v3.24.0.1
Commitments and Contingencies - (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Sep. 30, 2022
Apr. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2023
Dec. 31, 2022
Obligations            
Accrued liabilities for other litigation, claims, other disputes and governmental proceedings         $ 400 $ 400
Amount of letters of credit outstanding         200 17,300
Purchase obligations, total         48,600  
Outstanding debt         459,221 391,411
Deferred tax liabilities         116,465 131,486
Allowance for credit losses         100 100
Tax Year 2014            
Obligations            
Deferred tax liabilities         45,600  
Secured revolving promissory note with unconsolidated Latitude Margaritaville Watersound JV, homesite development - 5.0% interest rate, due June 2025            
Obligations            
Note receivable         0 0
Latitude Margaritaville Watersound JV Loan, due December 2025            
Obligations            
Debt instrument, period by which maturity date may be extended     1 year      
Latitude Margaritaville Watersound JV            
Obligations            
Amount as lender of secured revolving promissory note     $ 10,000   10,000  
Surety bonds            
Obligations            
Commitment obligations         40,000 38,100
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%        
Electric Cart Watersound JV | Electric Cart Watersound JV Loan            
Obligations            
Guarantor liability, Scenario 1 (as a percent) 50.00%          
Initial period of loan after which the Company's liability as guarantor under the loan will be reduced upon reaching certain conditions 48 months          
Unconsolidated joint ventures            
Obligations            
Outstanding debt         115,456 72,083
Pier Park TPS JV            
Obligations            
Outstanding debt         13,503 13,822
Pier Park TPS JV | Pier Park TPS JV Loan            
Obligations            
Loan amount       $ 14,400    
Outstanding debt         13,500 13,800
Pier Park TPS JV | Pier Park TPS JV Loan | SOFR            
Obligations            
Basis spread on variable rate (as a percent)       2.60%    
Pier Park TPS JV | Interest rate swap            
Obligations            
Notional amount       $ 14,400    
Pier Park TPS JV | Interest rate swap | Pier Park TPS JV Loan            
Obligations            
Fixed interest rate (as a percent)       5.20%    
Latitude Margaritaville Watersound JV            
Obligations            
Outstanding debt         37,445 30,001
Latitude Margaritaville Watersound JV | Latitude Margaritaville Watersound JV Loan, due December 2025            
Obligations            
Loan amount     $ 45,000      
Outstanding debt         37,400 30,000
Floor rate (as a percent)     3.00%      
Latitude Margaritaville Watersound JV | Latitude Margaritaville Watersound JV Loan, due December 2025 | SOFR            
Obligations            
Basis spread on variable rate (as a percent)     2.50%      
Watersound Fountains Independent Living JV            
Obligations            
Outstanding debt         38,062 21,327
Watersound Fountains Independent Living JV | Watersound Fountains JV Loan, due April 2026            
Obligations            
Loan amount   $ 41,900        
Outstanding debt         38,100 21,300
Floor rate (as a percent)   2.60%        
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 | SOFR            
Obligations            
Basis spread on variable rate (as a percent)   2.10%        
Electric Cart Watersound JV            
Obligations            
Outstanding debt         4,732 923
Electric Cart Watersound JV | Electric Cart Watersound JV Loan            
Obligations            
Loan amount $ 5,400          
Outstanding debt         $ 4,400 $ 800
Floor rate (as a percent) 2.10%          
Debt instrument, period subject to interest payments only 24 months          
Electric Cart Watersound JV | Electric Cart Watersound JV Loan | SOFR            
Obligations            
Basis spread on variable rate (as a percent) 1.80%