XML 54 R37.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis
A summary of assets and liabilities at December 31, 2023 and 2022, related to our financial instruments, measured at fair value for disclosure purposes on a recurring basis, is set forth below (in thousands):
  December 31, 2023December 31, 2022
 HierarchyBook ValueFair ValueBook ValueFair Value
Senior Notes (1)
Level 2$1,099,489 $1,066,835 $1,098,425 $1,040,750 
Term loan (2)
Level 2$250,000 $250,000 $250,000 $250,000 
Seller-financed loans (3)
Level 2$38,337 $38,337 $37,427 $37,427 
 __________
(1)The book value of the Senior Notes is net of discounts, excluding deferred loan costs of $5.2 million and $7.8 million as of December 31, 2023 and 2022, respectively. The estimated fair value of our Senior Notes at December 31, 2023 and 2022 is based on quoted market prices.
(2)The estimated fair value of the Term Loan Facility as of December 31, 2023 and 2022 approximated book value due to the variable interest rate terms of these loans.
(3)The estimated fair value of our seller-financed loans as of December 31, 2023 and 2022 approximated book value due to the short term nature of these loans.
Schedule of Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis The following table presents impairment charges and the remaining net fair value for nonfinancial assets that were measured during the periods presented (in thousands):
Year Ended December 31, 2023Year Ended December 31, 2022
HierarchyImpairment
Charge		Fair Value
Net of
Impairment		Impairment
Charge		Fair Value
Net of
Impairment
Real estate inventories (1)
Level 3$11,500 $39,970 $— $— 
 
(1)Fair value of real estate inventories, net of impairment charges represents only those assets whose carrying values were adjusted to fair value in the respective periods presented. Fair Value Net of Impairment represents the fair value of the real estate inventories, net of the impairment charge, as of the date that the fair value measurements were made. The carrying value for these real estate inventories subsequently changed from the fair value reflected due to activity that occurred since the measurement date.