XML 10 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 48,634 $ 78,691
Restricted cash 3,982 4,882
Accounts receivable, net 4,502 3,983
Property tax and insurance deposits 3,946 6,666
Prepaid expenses and other 7,665 9,328
Total current assets 68,729 103,550
Property and equipment, net 627,844 621,199
Other assets, net 6,808 3,803
Total assets 703,381 728,552
Current liabilities:    
Accounts payable and accrued expense 48,528 46,194
Current portion of notes payable, net of deferred financing costs 43,851 69,769
Deferred income 3,527 3,162
Federal and state income taxes payable 850 599
Other current liabilities 778 758
Total current liabilities 97,534 120,482
Notes payable, net of deferred financing costs and current portion 627,170 613,342
Other liabilities 220 288
Total liabilities 724,924 734,112
Commitments and contingencies
Redeemable preferred stock:    
Series A convertible preferred stock, $0.01 par value; 41 shares authorized, 41 shares issued and outstanding 41,250 41,250
Shareholders’ deficit:    
Preferred stock, authorized (in shares) 0 0
Common stock, authorized (in shares) 67 66
Additional paid-in capital 296,475 295,781
Retained deficit (359,335) (342,657)
Total shareholders’ deficit (62,793) (46,810)
Total liabilities, redeemable preferred stock and shareholders’ deficit $ 703,381 $ 728,552