v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 85,936 $ 47,786
Restricted cash 2,852 2,252
Accounts receivable, net 5,143 4,446
Real estate securities, available-for-sale 3,271 3,223
Other current assets 17,754 14,410
Total current assets 114,956 72,117
Restricted cash, noncurrent 795 795
Property and equipment, net of accumulated depreciation 167,663 169,425
Operating lease right-of-use assets 195,280 192,828
Intangibles, net of accumulated amortization 14,574 15,124
Other assets 6,593 6,765
Total assets 499,861 457,054
Current liabilities    
Obligations under finance leases 6,180 6,470
Membership deposit liabilities 14,748 14,692
Accounts payable and accrued expenses 26,308 29,596
Deferred revenue 20,079 23,010
Other current liabilities 27,504 28,217
Total current liabilities 94,819 101,985
Credit facilities and obligations under finance leases - noncurrent 11,653 12,751
Operating lease liabilities - noncurrent 173,528 167,837
Junior subordinated notes payable 51,180 51,182
Membership deposit liabilities, noncurrent 101,853 99,862
Deferred revenue, noncurrent 10,983 9,953
Other liabilities 3,463 3,447
Total liabilities 447,479 447,017
Commitments and contingencies
Equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 shares of 8.05% Series C Cumulative Redeemable Preferred Stock, and 620,000 shares of 8.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, issued and outstanding as of March 31, 2021 and December 31, 2020 61,583 61,583
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 92,027,806 and 67,323,592 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 919 673
Additional paid-in capital 3,232,713 3,178,704
Accumulated deficit (3,244,225) (3,232,391)
Accumulated other comprehensive income 1,392 1,468
Total equity 52,382 10,037
Total liabilities and equity $ 499,861 $ 457,054

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