Annual Report — Form 10-K Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report HTML 1.66M
2: EX-4.8 Instrument Defining the Rights of Security Holders HTML 32K
3: EX-21.1 Subsidiaries List HTML 41K
4: EX-23.1 Consent of Expert or Counsel HTML 28K
5: EX-31.1 Certification -- §302 - SOA'02 HTML 34K
6: EX-31.2 Certification -- §302 - SOA'02 HTML 34K
7: EX-32.1 Certification -- §906 - SOA'02 HTML 29K
8: EX-32.2 Certification -- §906 - SOA'02 HTML 29K
15: R1 Cover Page HTML 104K
16: R2 Consolidated Balance Sheets HTML 130K
17: R3 Consolidated Balance Sheets (Parenthetical) HTML 55K
18: R4 Consolidated Statements of Operations HTML 115K
19: R5 Consolidated Statements of Comprehensive Loss HTML 48K
20: R6 Consolidated Statements of Changes in Equity HTML 94K
21: R7 Consolidated Statements of Cash Flows HTML 113K
22: R8 Organization HTML 33K
23: R9 Summary of Significant Accounting Policies HTML 164K
24: R10 Revenues HTML 53K
25: R11 Segment Reporting HTML 216K
26: R12 Property and Equipment, Net of Accumulated HTML 82K
Depreciation
27: R13 Leases HTML 105K
28: R14 Intangibles, Net of Accumulated Amortization HTML 59K
29: R15 Debt Obligations HTML 81K
30: R16 Real Estate Securities HTML 59K
31: R17 Fair Value of Financial Instruments HTML 78K
32: R18 Equity and Earnings Per Share HTML 114K
33: R19 Transactions With Affiliates and Affiliated HTML 34K
Entities
34: R20 Commitments and Contingencies HTML 37K
35: R21 Income Taxes HTML 98K
36: R22 (Gain) Loss on Lease Terminations and Impairment HTML 46K
37: R23 Summary Quarterly Consolidated Financial HTML 102K
Information (Unaudited)
38: R24 Subsequent Events HTML 31K
39: R25 Summary of Significant Accounting Policies HTML 167K
(Policies)
40: R26 Summary of Significant Accounting Policies HTML 194K
(Tables)
41: R27 Revenues (Tables) HTML 49K
42: R28 Segment Reporting (Tables) HTML 211K
43: R29 Property and Equipment, Net of Accumulated HTML 82K
Depreciation (Tables)
44: R30 Leases (Tables) HTML 82K
45: R31 Intangibles, Net of Accumulated Amortization HTML 64K
(Tables)
46: R32 Debt Obligations (Tables) HTML 80K
47: R33 Real Estate Securities (Tables) HTML 57K
48: R34 Fair Value of Financial Instruments (Tables) HTML 79K
49: R35 Equity and Earnings Per Share (Tables) HTML 108K
50: R36 Income Taxes (Tables) HTML 102K
51: R37 (Gain) Loss on Lease Terminations and Impairment - HTML 42K
(Tables)
52: R38 Summary Quarterly Consolidated Financial HTML 102K
Information (Unaudited) (Tables)
53: R39 Organization (Details) HTML 35K
54: R40 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 87K
Narrative (Details)
55: R41 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Gain HTML 44K
(Loss) on Settlement of Investments (Details)
56: R42 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 40K
Useful Lives of Property, Plant and Equipment
(Details)
57: R43 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 42K
Useful Lives for Amortization (Details)
58: R44 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 41K
Restricted Cash (Details)
59: R45 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 50K
Schedule of other assets (Details)
60: R46 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 50K
Schedule of other liabilities (Details)
61: R47 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 41K
Accretion of discount and premium and other
amortization (Details)
62: R48 REVENUES - Disaggregation of Revenues (Details) HTML 65K
63: R49 SEGMENT REPORTING - Narrative (Details) HTML 40K
64: R50 SEGMENT REPORTING - Segment Reporting (Details) HTML 204K
65: R51 PROPERTY AND EQUIPMENT, NET OF ACCUMULATED HTML 67K
DEPRECIATION - Summary of Property and Equipment,
Net of Accumulated Depreciation (Details)
66: R52 PROPERTY AND EQUIPMENT, NET OF ACCUMULATED HTML 82K
DEPRECIATION - Additional Information (Details)
67: R53 PROPERTY AND EQUIPMENT, NET OF ACCUMULATED HTML 57K
DEPRECIATION - Summary of the Traditional Golf
properties (Details)
68: R54 LEASES - Narrative (Details) HTML 48K
69: R55 LEASES - Lease Related Costs (Details) HTML 47K
70: R56 LEASES - Other Information (Details) HTML 55K
71: R57 LEASES - Schedule of Lease Maturity (Details) HTML 68K
72: R58 INTANGIBLES, NET OF ACCUMULATED AMORTIZATION - HTML 58K
Schedule of Intangible Assets (Details)
73: R59 INTANGIBLES, NET OF ACCUMULATED AMORTIZATION - HTML 48K
Schedule of Future Amortization Expense (Details)
74: R60 DEBT OBLIGATIONS - Debt Obligations (Details) HTML 76K
75: R61 DEBT OBLIGATIONS DEBT OBLIGATIONS - Narrative HTML 48K
(Details)
76: R62 DEBT OBLIGATIONS - Maturities of Debt Obligations HTML 52K
(Details)
77: R63 REAL ESTATE SECURITIES - Real Estate Securities HTML 56K
Holdings (Details)
78: R64 REAL ESTATE SECURITIES - Narrative (Details) HTML 30K
79: R65 FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying HTML 48K
Values and Estimated Fair Values (Details)
80: R66 FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative HTML 49K
Information about Significant Unobservable Inputs
(Details)
81: R67 FAIR VALUE OF FINANCIAL INSTRUMENTS - Change in HTML 52K
Fair Value of Level 3 Investments (Details)
82: R68 Equity and Earnings Per Share - (Details) HTML 84K
83: R69 Equity and Earnings Per Share - Narrative HTML 154K
(Details)
84: R70 EQUITY AND EARNINGS PER SHARE - Changes in HTML 55K
Outstanding Options (Details)
85: R71 EQUITY AND EARNINGS PER SHARE - Outstanding HTML 65K
Options Summary (Details)
86: R72 EQUITY AND EARNINGS PER SHARE - Assumptions HTML 51K
(Details)
87: R73 EQUITY AND EARNINGS PER SHARE - Summary of RSUs HTML 57K
(Details)
88: R74 TRANSACTIONS WITH AFFILIATES AND AFFILIATED HTML 45K
ENTITIES - Narrative (Details)
89: R75 COMMITMENTS AND CONTINGENCIES - Narrative HTML 79K
(Details)
90: R76 INCOME TAXES - Provision for Income Taxes HTML 54K
(Details)
91: R77 INCOME TAXES - Narrative (Details) HTML 38K
92: R78 INCOME TAXES - Reconciliation (Details) HTML 32K
93: R79 INCOME TAXES - Components of Income Tax Expense HTML 49K
(Details)
94: R80 INCOME TAXES - Deferred Tax Assets (Details) HTML 65K
95: R81 INCOME TAXES - Change in Deferred Tax Asset HTML 34K
Valuation Allowance (Details)
96: R82 (GAIN) LOSS ON LEASE TERMINATIONS AND IMPAIRMENT - HTML 41K
Summary of impairment and other losses (Details)
97: R83 (GAIN) LOSS ON LEASE TERMINATIONS AND IMPAIRMENT - HTML 56K
Narrative (Details)
98: R84 Summary Quarterly Consolidated Financial HTML 86K
Information (Unaudited) (Details)
99: R85 Subsequent Events (Details) HTML 71K
100: R9999 Uncategorized Items - ds-20201231.htm HTML 37K
102: XML IDEA XML File -- Filing Summary XML 187K
14: XML XBRL Instance -- ds-20201231_htm XML 3.95M
101: EXCEL IDEA Workbook of Financial Reports XLSX 152K
10: EX-101.CAL XBRL Calculations -- ds-20201231_cal XML 387K
11: EX-101.DEF XBRL Definitions -- ds-20201231_def XML 1.07M
12: EX-101.LAB XBRL Labels -- ds-20201231_lab XML 2.44M
13: EX-101.PRE XBRL Presentations -- ds-20201231_pre XML 1.54M
9: EX-101.SCH XBRL Schema -- ds-20201231 XSD 227K
103: JSON XBRL Instance as JSON Data -- MetaLinks 550± 808K
104: ZIP XBRL Zipped Folder -- 0001175483-21-000005-xbrl Zip 549K
‘EX-4.8’ — Instrument Defining the Rights of Security Holders
The authorized capital stock of Drive Shack Inc. (the “Company”) consists of 1,000,000,000 shares of common stock, par value $0.01 per share (“Common Stock”), and 100,000,000 shares of preferred stock, par value $0.01 per share (“Preferred Stock”).
875,000
shares of Preferred Stock have been designated as shares of 9.75% Series B Cumulative Redeemable Preferred Stock (“Series B Stock”), 1,800,000 shares of Preferred Stock have been designated as shares of 8.05% Series C Cumulative Redeemable Preferred Stock (“Series C Stock”), 2,300,000 shares of Preferred Stock have been designated as shares of 8.375% Series D Cumulative Redeemable Preferred Stock (“Series D Stock”) and 1,000,000 shares of Preferred Stock have been designated as shares of Series E Junior Participating Preferred Stock (“Series E Stock”).
Common Stock
Our Common Stock has no sinking fund or redemption provisions or preemptive, conversion or exchange rights.
Voting
Rights
Holders of Common Stock are entitled to one vote per share on all matters voted on by the stockholders, including the election of directors. Our Common Stock does not have cumulative voting rights. Holders of Common Stock may act by unanimous written consent.
Dividend Rights
Subject to the rights of holders of outstanding shares of Preferred Stock, if any, the holders of Common Stock are entitled to receive dividends, if any, as may be declared from time to time by the Board of Directors in its discretion out of funds legally available for the payment of dividends.
Holders of Issued Preferred Stock are entitled to receive cumulative, preferred dividends but are not entitled to participate in dividends
paid on the Common Stock.
Liquidation Rights
Subject to any preferential rights of outstanding shares of Preferred Stock, holders of Common Stock will share ratably in all assets legally available for distribution to our stockholders in the event of dissolution.
Preferred Stock
Our Preferred Stock has no sinking fund provisions or preemptive, conversion or exchange rights.
Ranking
Each series of Preferred Stock, other than Series E Stock (the “Issued Preferred Stock”), ranks senior to Common Stock and pari passu with each other series of Issued Preferred Stock.
Liquidation
Rights
In the event of a liquidation, dissolution or winding up of the Company, holders of Issued Preferred Stock would receive $25 per share, plus any accumulated and unpaid dividends but would not participate in any amounts received thereafter by the shares of Common Stock.
Voting
Each series of Issued Preferred Stock does not have voting rights. However, if dividends on any series of Issued Preferred Stock are in arrears for six or more quarterly periods, whether or not consecutive, holders of Issued Preferred Stock shall have the right to elect two additional members of the Board (“Preferred
Stock Directors”).
Issued Preferred Stock has veto rights on (i) the authorization and issuance of any senior ranking class or series of equity securities and (ii) any amendment to the Charter that would materially and adversely affect any right, preference or voting power of the Issued Preferred Stock.
Redemption
The Company may redeem the Issued Preferred Stock in whole or from time to time in part, for cash, at a redemption price of $25.00 per share, plus all accumulated and unpaid distributions on such Preferred Stock to the date of redemption, whether or not authorized.
