v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 22,685 $ 58,286
Restricted cash 4,143 3,480
Accounts receivable, net 5,730 5,563
Real estate securities, available-for-sale 2,846 3,486
Other current assets 30,599 30,034
Total current assets 66,003 100,849
Restricted cash, noncurrent 216 798
Property and equipment, net of accumulated depreciation 181,126 179,260
Operating lease right-of-use assets 191,848 181,915
Intangibles, net of accumulated amortization 13,106 13,430
Other assets 5,739 6,538
Total assets 458,038 482,790
Current liabilities    
Obligations under finance leases 5,023 5,400
Membership deposit liabilities 20,905 18,039
Accounts payable and accrued expenses 34,776 34,469
Deferred revenue 17,018 26,301
Other current liabilities 27,733 26,524
Total current liabilities 105,455 110,733
Credit facilities and obligations under finance leases - noncurrent 7,875 9,075
Operating lease liabilities - noncurrent 176,458 166,031
Junior subordinated notes payable 51,169 51,174
Membership deposit liabilities, noncurrent 105,122 104,430
Deferred revenue, noncurrent 12,165 10,005
Other liabilities 2,793 1,487
Total liabilities 461,037 452,935
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, 2022 and December 31, 2021 61,583 61,583
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 92,385,019 and 92,093,425 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 924 921
Additional paid-in capital 3,232,324 3,233,608
Accumulated deficit (3,300,065) (3,268,876)
Accumulated other comprehensive income 170 1,163
Total equity of the company (5,064) 28,399
Noncontrolling interest 2,065 1,456
Total equity (deficit) (2,999) 29,855
Total liabilities and equity $ 458,038 $ 482,790

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