Annual report pursuant to Section 13 and 15(d)

Cover Page

v3.22.2.2
Cover Page - USD ($)
12 Months Ended
Dec. 31, 2021
Mar. 18, 2022
Jun. 30, 2021
Document Information      
Document Type 10-K/A    
Document Annual Report true    
Document Period End Date Dec. 31, 2021    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-31458    
Entity Registrant Name Drive Shack Inc.    
Entity Incorporation, State or Country Code MD    
Entity Tax Identification Number 81-0559116    
Entity Address, Street 10670 N. Central Expressway    
Entity Address, Suite Suite 700    
Entity Address, City Dallas    
Entity Address, State TX    
Entity Address, Postal Zip Code 75231    
City Area Code 646    
Local Phone Number 585-5591    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 304,802,737
Entity Common Stock, Shares Outstanding   92,093,425  
Documents Incorporated by Reference None.    
Amendment Description This Amendment No. 1 to Form 10-K (this “Amendment”) amends the Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Form 10-K”) originally filed on March 18, 2022 (the “Original Filing” and, together with this Amendment, the “Annual Report on Form 10-K”) by Drive Shack Inc., a Maryland corporation (“Drive Shack,” the “Company,” “we,” or “us”).Subsequent to the issuance of the 2021 Form 10-K, management reevaluated, in consultation with our external auditor, Ernst & Young LLP (“EY”), certain controls relating to long-lived asset impairment testing. As a result of this reevaluation, management has subsequently identified a deficiency in controls related to the design and operating effectiveness of the Company’s internal controls associated with the identification and calculation of long-lived asset impairments and has further concluded that such deficiency represented a material weakness as of December 31, 2021. A “material weakness” is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements would not be prevented or detected on a timely basis. As a result of the material weakness, there is more than a remote likelihood that a material misstatement in our annual or interim financial statements would not be prevented or detected. However, the material weakness did not result in a restatement of our consolidated financial statements presented in this Amendment.This Amendment does not amend, update or change any other items or disclosures in the 2021 Form 10-K, except for Item 1A. Risk Factors, Note 17. Subsequent Events, Going Concern (Unaudited), Item 9A. Controls and Procedures, and the opinion on Internal Control Over Financial Reporting from our external auditor, EY, and accordingly, should be read in conjunction with the 2021 Form 10-K. The 2021 Form 10-K continues to speak as of the date of the 2021 Form 10-K, and we have not updated the disclosures contained therein to reflect any events which occurred at a date subsequent to the filing of the 2021 Form 10-K except as otherwise disclosed in this Amendment.    
Entity Central Index Key 0001175483    
Amendment Flag true    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2021    
Common Stock      
Document Information      
Title of each class: Common Stock, $0.01 par value per share    
Trading Symbol(s) DS    
Name of exchange on which registered: NYSE    
Series B Cumulative Redeemable Preferred Stock      
Document Information      
Title of each class: 9.75% Series B Cumulative Redeemable Preferred Stock, $0.01 par value per share    
Trading Symbol(s) DS-PB    
Name of exchange on which registered: NYSE    
Series C Cumulative Redeemable Preferred Stock      
Document Information      
Title of each class: 8.05% Series C Cumulative Redeemable Preferred Stock, $0.01 par value per share    
Trading Symbol(s) DS-PC    
Name of exchange on which registered: NYSE    
8.375% Series D Preferred Stock      
Document Information      
Title of each class: 8.375% Series D Cumulative Redeemable Preferred Stock, $0.01 par value per share    
Trading Symbol(s) DS-PD    
Name of exchange on which registered: NYSE