v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 81,428 $ 47,786
Restricted cash 2,990 2,252
Accounts receivable, net 4,577 4,446
Real estate securities, available-for-sale 3,341 3,223
Other current assets 22,879 14,410
Total current assets 115,215 72,117
Restricted cash, noncurrent 1,027 795
Property and equipment, net of accumulated depreciation 171,126 169,425
Operating lease right-of-use assets 187,870 192,828
Intangibles, net of accumulated amortization 14,181 15,124
Other assets 6,420 6,765
Total assets 495,839 457,054
Current liabilities    
Obligations under finance leases 5,794 6,470
Membership deposit liabilities 14,748 14,692
Accounts payable and accrued expenses 32,752 29,596
Deferred revenue 16,529 23,010
Other current liabilities 24,775 28,217
Total current liabilities 94,598 101,985
Credit facilities and obligations under finance leases - noncurrent 10,402 12,751
Operating lease liabilities - noncurrent 172,372 167,837
Junior subordinated notes payable 51,179 51,182
Membership deposit liabilities, noncurrent 103,859 99,862
Deferred revenue, noncurrent 10,224 9,953
Other liabilities 3,695 3,447
Total liabilities 446,329 447,017
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 June 30, 2021 and December 31, 2020 61,583 61,583
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 92,085,419 and 67,323,592 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 921 673
Additional paid-in capital 3,233,269 3,178,704
Accumulated deficit (3,247,589) (3,232,391)
Accumulated other comprehensive income 1,326 1,468
Total equity 49,510 10,037
Total liabilities and equity $ 495,839 $ 457,054

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