Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v3.24.0.1
Subsequent Events
 12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
During February 2024, we fully paid at maturity the principal balance and any remaining accrued interest associated with one of our mortgages totaling $51.0 million. This balance is included in Current maturities of long-term debt on our consolidated balance sheet as of December 31, 2023. See Note 8, Debt for additional information associated with our Mortgage Notes.
The Board of Directors determined in February 2024 that the Company’s 2023 performance exceeded the target performance metric for executive officers and the threshold performance metric for non-executives under the Company’s short-term incentive program and issued corresponding shares of common stock to the Company’s employees. As a result, the $19.0 million liability we recognized in connection with these share-based payment awards that is included in Accrued expenses and other current liabilities on our December 31, 2023 consolidated balance sheet was reclassified out of Accrued expenses and other current liabilities and into Common stock and Additional paid-in capital on our consolidated balance sheet.
We have evaluated all subsequent events through the date of the consolidated financial statements were issued and determined that, other than with respect to the mortgage payoff and reclassification of the share-based liability, there have been no other events or transactions which would have a material effect on the consolidated financial statements and therefore would require recognition or disclosure.