Asset Dispositions and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Below is a summary of the consolidated balance sheet for the construction and development operations for the years ended December 31, 2014 and 2013 (in thousands):

	December 31,
	2014		2013
Cash	$	1,118	$	331
Other assets		2,461		4,408
Costs and earnings in excess of construction billings		3,887		42,803
Total assets		7,466		47,542
Accounts payable and accrued expenses		6,050		18,660
Construction billings in excess of cost and earnings		481		600
Total liabilities		6,531		19,260
Total net assets	$	935	$	28,282

Below is a summary of the results of operations for the construction and development operations for all periods presented (in thousands):

	Year Ended December 31,
	2014		2013		2012
Revenue	$	24,383	$	50,249	$	53,736
Construction and development service expense		(29,650)		46,759		50,493
Severance		(2,959)		-		-
Operating income (loss)		(8,226)		3,490		3,243
Depreciation and amortization		-		-		-
Income (loss) from discontinued operations	$	(8,226)	$	3,490	$	3,243

Below is a summary of the results of operations for the properties through the date of disposition for all periods presented (in thousands):

	Year Ended December 31,
	2014		2013		2012
Revenue	$	-	$	9,754	$	8,993
Operating expenses		-		5,354		5,184
Loss on sale of disposed assets		(1,350)		-		-
Operating income		(1,350)		4,400		3,809
Depreciation and amortization		-		2,672		3,144
Net income	$	(1,350)	$	1,728	$	665
Impairment on discontinued operations		-		(4,729)		-
Income (loss) from discontinued operations	$	(1,350)	$	(3,001)	$	665