XML 71 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited Quarterly Information
 12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
UNAUDITED QUARTERLY INFORMATION
 
Year Ended December 31, 2011
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenues
 
$
8,727,000

 
$
8,510,000

 
$
12,776,000

 
$
32,620,000

Operating expenses
 
12,525,000

 
13,138,000

 
15,569,000

 
24,820,000

Equity in joint venture (loss) income
 
5,256,000

 
2,551,000

 
(646,000
)
 
5,346,000

Interest income from loan pool participations and
     notes receivable
 
2,546,000

 
2,241,000

 
1,048,000

 
2,051,000

Operating income (loss)
 
4,004,000

 
164,000

 
(2,391,000
)
 
15,197,000

Non-operating (expenses) income
 
(1,294,000
)
 
485,000

 
(5,482,000
)
 
(5,562,000
)
Income (loss) before provision for income taxes
 
2,710,000

 
649,000

 
(7,873,000
)
 
9,635,000

(Provision for) benefit from income taxes
 
(663,000
)
 
(172,000
)
 
2,997,000

 
(148,000
)
Income (loss) from continuing operations
 
2,047,000

 
477,000

 
(4,876,000
)
 
9,487,000

Income from discontinued operations, net of
income taxes
 
—

 
—

 
—

 
8,000

Gain from sale of real estate
 
—

 
—

 
—

 
335,000

Net income (loss)
 
2,047,000

 
477,000

 
(4,876,000
)
 
9,830,000

Net income attributable to noncontrolling
     interests
 
(1,038,000
)
 
(299,000
)
 
42,000

 
163,000

Net income (loss) attributable to Kennedy-Wilson
     Holdings, Inc. shareholders
 
$
1,009,000

 
$
178,000

 
$
(4,834,000
)
 
$
9,993,000

Preferred stock dividends and accretion of
     issuance costs
 
(2,036,000
)
 
(2,636,000
)
 
(2,036,000
)
 
(2,036,000
)
Net (loss) income attributable to Kennedy-Wilson
     Holdings, Inc. common shareholders
 
$
(1,027,000
)
 
$
(2,458,000
)
 
$
(6,870,000
)
 
$
7,957,000

Basic (loss) earnings per share
 
$
(0.02
)
 
$
(0.06
)
 
$
(0.16
)
 
$
0.17

Diluted (loss) earnings per share
 
(0.02
)
 
(0.06
)
 
(0.16
)
 
0.14

 
Year ended December 31, 2010
 
First
Quarter

 
Second
Quarter

 
Third
Quarter

 
Fourth
Quarter

Revenues
 
$
10,826,000

 
$
9,046,000

 
$
11,773,000

 
$
18,891,000

Operating expenses
 
14,871,000

 
12,509,000

 
17,647,000

 
24,910,000

Equity in joint venture (loss) income
 
657,000

 
(686,000
)
 
5,191,000

 
5,386,000

Interest income from loan pool participations and
     notes receivable
 
651,000

 
3,090,000

 
4,209,000

 
3,905,000

Operating (loss) income
 
(2,737,000
)
 
(1,059,000
)
 
3,526,000

 
3,272,000

Non-operating expenses
 
(1,833,000
)
 
16,818,000

 
(6,842,000
)
 
(933,000
)
(Loss) income before provision for income taxes
 
(4,570,000
)
 
15,759,000

 
(3,316,000
)
 
2,339,000

Benefit from (provision for) income taxes
 
1,998,000

 
(5,950,000
)
 
(383,000
)
 
608,000

Net (loss) income
 
(2,572,000
)
 
9,809,000

 
(3,699,000
)
 
2,947,000

Net loss (income) attributable to noncontrolling
     interests
 
(568,000
)
 
(591,000
)
 
(1,215,000
)
 
(605,000
)
Net (loss) income attributable to Kennedy-Wilson
     Holdings, Inc. shareholders
 
$
(3,140,000
)
 
$
9,218,000

 
$
(4,914,000
)
 
$
2,342,000

Preferred stock dividends and accretion of
     issuance costs
 
—

 
(720,000
)
 
(1,804,000
)
 
(2,034,000
)
Net (loss) income attributable to Kennedy-Wilson
     Holdings, Inc. shareholders
 
$
(3,140,000
)
 
$
8,498,000

 
$
(6,718,000
)
 
$
308,000

Basic (loss) earnings per share
 
$
(0.08
)
 
$
0.22

 
$
(0.17
)
 
$
0.01

Diluted (loss) earnings per share
 
(0.08
)
 
0.20

 
(0.17
)
 
0.01