Accounts Payable and Other Liabilities

3 Months Ended

Mar. 31, 2024

Accounts Payable and Other Liabilities

Accounts Payable and Other Liabilities

10. Accounts Payable and Other Liabilities

Accounts payable and other liabilities consist of the following:

	March 31,		December 31,
	2024		2023
Accounts payable	$	24,125	$	24,340
Income tax payable		8,169		9,239
Finance lease liabilities		501		298
Operating lease liabilities		5,656		793
Accrued compensation		4,647		6,037
Other accrued liabilities		6,768		4,100
Club membership deposits		3,290		3,314
Advance deposits		11,560		7,602
Accrued interest expense for Senior Notes held by SPE		713		2,850
Total accounts payable and other liabilities	$	65,429	$	58,573

Accounts payable as of March 31, 2024 and December 31, 2023, primarily includes payables and retainage related to the Company’s development and construction projects.

Other accrued liabilities include $2.8 million and $0.4 million of accrued property taxes as of March 31, 2024 and December 31, 2023, 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 accounts payable and 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.