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Note 11 - Other Assets
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Other Assets Disclosure [Text Block]

11.  Other Assets:

 

Assets Held-For-Sale

 

At December 31, 2022, the Company had three properties classified as held-for-sale at a net carrying amount of $56.3 million.  These properties were subsequently sold during 2023.

 

Mortgages and Other Financing Receivables

 

The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. For a complete listing of the Company’s mortgages and other financing receivables at December 31, 2023, see Financial Statement Schedule IV included in this annual report on Form 10-K.

 

During the years ended December 31, 2023 and 2022, the Company provided, as a lender, the following mortgage loans (dollars in millions):

 

 

Date Issued

 

Face Amount

 

Interest Rate

 

Maturity Date

Nov-23

$

7.3

 

10.50%

 

Nov-26

Mar-23

$

25.0

 

8.00%

 

Apr-24

Feb-23

$

11.2

 

14.00%

 

Dec-24

Jul-22

$

22.0

 

10.00%

 

Feb-24

Jun-22

$

16.5

 

9.00%

 

Jun-25

Jun-22

$

19.6

 

10.00%

 

Jun-29

May-22

$

14.0

 

8.00%

 

May-29

Jan-22

$

3.0

 

8.00%

 

Jul-22

 

During the year ended December 31, 2022, the Company received $60.2 million of partial and full repayments relating to three mortgage loans with interest rates ranging from 8.00% to 12.50%, and maturity dates ranging from July 2022 to September 2027.

 

Software Development Costs

 

As of December 31, 2023 and 2022, the Company had unamortized software development costs of $18.2 million and $18.4 million, respectively. The Company expensed $4.5 million, $3.5 million and $3.1 million in amortization of software development costs during the years ended December 31, 2023, 2022 and 2021, respectively.