Indebtedness (Tables)

12 Months Ended

Dec. 31, 2016

Mortgages and Other Notes Payable - As of December 31, 2016 and 2015, the Company had the following indebtedness (in thousands):



	Collateral	Approximate Carrying Value at December 31, 2016	Interest Rate	Maturity Date		Principal Balance as of December 31,
	Collateral	Approximate Carrying Value at December 31, 2016	Interest Rate	Maturity Date		2016				2015
Variable rate debt:
Mortgage debt	1 ski and mountain lifestyle property	$17.7 million	30-day LIBOR + 3.3%⁽¹⁾⁽²⁾	9/1/2019		$	7,648			$	8,037
Mortgage debt	1 attractions property	$42.8 million	30-day LIBOR + 3.0%⁽¹⁾	11/30/2017		15,531				18,156
Mortgage debt	4 ski and mountain lifestyle properties	$137.6 million	30-day LIBOR (subject to floor of 1.5%) + 3.5%⁽¹⁾	10/5/2017	(4)	36,617				37,847
			Total variable rate debt			$	59,796			$	64,040
Fixed rate debt:
Mortgage debt	1 attractions lifestyle property	—	6.8%	(3)		$	—		(3)	$	18,552
Mortgage debt	6 ski and mountain lifestyle properties	$184.7 million	6.1%	10/5/2017	(4)	85,369				90,799
Mortgage debt	3 marina properties	—	6.3% - 6.5%	(3)		—			(3)	10,696
Other debt	—	—	(5)	12/1/2020		1,421				1,705
			Total fixed rate debt			$	86,790			$	121,752
			Total debt			146,586				185,792
			Premium (discount)			—				(53		)
			Unamortized loan costs			(335		)		(1,398		)
			Total			$	146,251			$	184,341

FOOTNOTES:


(1)	The 30-day LIBOR rate was approximately 0.77% and 0.43% as of December 31, 2016 and 2015, respectively.


(2)	The Company entered into an interest rate swap for this variable rate debt. See Note 9. “Derivative instruments and Hedging Activities” for additional information.


(3)	The Company repaid the debt in 2016.


(4)	These loans were amended in January 2017 to extend the maturity date to October 5, 2017. See Note 17. "Subsequent Events" for additional information.


(5)	The $1.4 million loan is non-interest bearing.

The following is a schedule of future principal payments and maturities for all indebtedness (in thousands):