DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Results of Operations

The following table summarizes the results of operations classified as discontinued operations, net of tax, for the year ended December 31, 2017 for Sedona assets operations from January 1, 2017 through February 28, 2017.

Revenue:	$	3,425
Expenses:
Operating Property Direct Expenses (exclusive of Interest and Depreciation)	4,034
Interest Expense	1,075
Depreciation and Amortization Expense	278
Settlement and Related Costs	(159		)
Total Operating Expenses	5,228
Gain on Disposal of Assets	(6,837		)
Provision for Income Taxes	1,963
Income (Loss) from discontinued operations, net of tax	$	3,071

Interest expense

The Company allocated interest expense, including amortization of deferred financing fees, to discontinued operations based on the senior mortgage debt that was paid with the proceeds from the sale of the Sedona hotels. The total allocated interest expense for the year ended December 31, 2017 is as follows:

Interest expense	$	628
Amortization of deferred financing fees	447
Total	$	1,075

Cash Flow Information

The following table presents the total operating and investing cash flows and depreciation, amortization, capital expenditures, and significant operating and investing non-cash items of the discontinued operations for the year ended December 31, 2017:

Cash flows from discontinued operating activities:	$	278
Depreciation expense	274
Amortization expense	4
Cash flows from discontinued investing activities:	$	649
Investment in real estate owned	649