Bonds Payable

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Bonds Payable

Bonds Payable

We have issued three series of nonconvertible bonds ("Bonds") through SPC, which are traded on the TASE. The Bonds are denominated in New Israeli Shekels ("NIS") and provide for semiannual principal and interest payments through maturity.

In connection with the Bonds, we incurred a (loss) gain on foreign currency transactions of $(4,793) and $(5,599) during the three months ended June 30, 2021 and 2020, respectively, and $2,824 and $2,244 for the six months ended June 30, 2021 and 2020, respectively.

The outstanding balance of our Bonds at June 30, 2021 and December 31, 2020 is as follows:

Bond Issuance	June 30, 2021		December 31, 2020		Interest Rate		Maturity
Series A Bonds(1)	$	78,183	$	95,133	7.30	%	7/31/23
Series B Bonds(1)	57,975		65,318		6.80	%	7/31/25
Series C Bonds(2)	74,565		85,537		4.65	%	1/31/23
	210,723		245,988
Less unamortized deferred issuance costs	(7,132)		(8,100)
	$	203,591	$	237,888

(1)    The bonds are collateralized by the assets of SPC.

(2)    The bonds are collateralized by a trust deed in Browning Place, a 625,297 square foot office building in Farmers Branch, Texas.