LEASES (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Leases [Abstract] |
|
| Schedule of lease related costs |
Lease related costs recognized in the Consolidated Statements of Operations for the three and nine months ended September 30, 2021, and September 30, 2020, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
|
| Finance lease cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of right-of-use assets |
|
$ |
1,412 |
|
|
$ |
1,480 |
|
|
$ |
4,159 |
|
|
$ |
4,496 |
|
|
|
|
|
| Interest on lease liabilities |
|
279 |
|
|
217 |
|
|
901 |
|
|
803 |
|
|
|
|
|
| Total finance lease cost |
|
1,691 |
|
|
1,697 |
|
|
5,060 |
|
|
5,299 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating lease cost |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating lease cost |
|
6,144 |
|
|
8,881 |
|
|
22,714 |
|
|
27,146 |
|
|
|
|
|
| Short-term lease cost |
|
109 |
|
|
432 |
|
|
619 |
|
|
1,282 |
|
|
|
|
|
| Variable lease cost |
|
7,005 |
|
|
5,044 |
|
|
16,635 |
|
|
9,375 |
|
|
|
|
|
| Total operating lease cost |
|
13,258 |
|
|
14,357 |
|
|
39,968 |
|
|
37,803 |
|
|
|
|
|
| Total lease cost |
|
$ |
14,949 |
|
|
$ |
16,054 |
|
|
$ |
45,028 |
|
|
$ |
43,102 |
|
|
|
|
|
|
| Schedule of lease, other information |
Other information related to leases included on the Consolidated Balance Sheet as of and for the nine months ended September 30, 2021 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Financing Leases |
| Right-of-use assets |
|
$ |
186,220 |
|
|
$ |
15,507 |
|
| Lease liabilities |
|
$ |
191,070 |
|
|
$ |
15,436 |
|
|
|
|
|
|
| Cash paid for amounts included in the measurement of lease liabilities |
|
|
|
|
| Operating cash flows |
|
$ |
22,375 |
|
|
$ |
279 |
|
| Financing cash flows |
|
$ |
— |
|
|
$ |
4,620 |
|
|
|
|
|
|
| Right-of-use assets obtained in exchange for lease liabilities |
|
$ |
9,862 |
|
|
$ |
1,670 |
|
|
|
|
|
|
| Weighted average remaining lease term |
|
14.4 years |
|
1.5 years |
| Weighted average discount rate |
|
8.2 |
% |
|
6.2 |
% |
|
| Schedule of future minimum lease payments, operating lease |
Future minimum lease payments under non-cancellable leases as of September 30, 2021 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Financing Leases |
| October 1, 2021 - December 31, 2021 |
|
$ |
18,733 |
|
|
$ |
1,732 |
|
| 2022 |
|
31,078 |
|
|
5,871 |
|
| 2023 |
|
31,019 |
|
|
4,877 |
|
| 2024 |
|
23,945 |
|
|
2,713 |
|
| 2025 |
|
21,578 |
|
|
1,510 |
|
| Thereafter |
|
182,248 |
|
|
572 |
|
| Total minimum lease payments |
|
308,601 |
|
|
17,275 |
|
| Less: imputed interest |
|
117,531 |
|
|
1,839 |
|
| Total lease liabilities |
|
$ |
191,070 |
|
|
$ |
15,436 |
|
|
| Schedule of future minimum lease payments, finance lease |
Future minimum lease payments under non-cancellable leases as of September 30, 2021 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Financing Leases |
| October 1, 2021 - December 31, 2021 |
|
$ |
18,733 |
|
|
$ |
1,732 |
|
| 2022 |
|
31,078 |
|
|
5,871 |
|
| 2023 |
|
31,019 |
|
|
4,877 |
|
| 2024 |
|
23,945 |
|
|
2,713 |
|
| 2025 |
|
21,578 |
|
|
1,510 |
|
| Thereafter |
|
182,248 |
|
|
572 |
|
| Total minimum lease payments |
|
308,601 |
|
|
17,275 |
|
| Less: imputed interest |
|
117,531 |
|
|
1,839 |
|
| Total lease liabilities |
|
$ |
191,070 |
|
|
$ |
15,436 |
|
|
| Summary of impairment (reversal) |
The following table summarizes the amounts the Company recorded in the Consolidated Statements of Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
|
| (Gain) Loss on lease terminations |
|
$ |
3 |
|
|
$ |
201 |
|
|
$ |
(652) |
|
|
$ |
(2,924) |
|
|
|
|
|
| Impairment on corporate office assets (held-for-use) |
|
— |
|
|
— |
|
|
3,303 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Impairment on traditional golf properties (held-for-use) |
|
— |
|
|
— |
|
|
— |
|
|
792 |
|
|
|
|
|
| Other losses |
|
321 |
|
|
101 |
|
|
321 |
|
|
101 |
|
|
|
|
|
| Total (Gain) Loss on lease terminations and impairment |
|
$ |
324 |
|
|
$ |
302 |
|
|
$ |
2,972 |
|
|
$ |
(2,031) |
|
|
|
|
|
|