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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenue:        
Commercial Real Estate $ 33.8 $ 34.5 $ 67.5 $ 69.3
Land Operations 12.1 5.5 23.1 11.5
Materials & Construction 52.2 42.0 100.7 92.6
Total operating revenue 98.1 82.0 191.3 173.4
Operating Costs and Expenses:        
Cost of Commercial Real Estate 18.9 20.1 37.7 40.7
Cost of Land Operations 9.0 4.6 17.4 10.9
Cost of Materials & Construction 41.7 34.5 80.8 73.9
Selling, general and administrative 15.5 11.3 30.9 27.8
REIT evaluation/conversion costs [1] 2.2 1.9 7.0 1.9
Total operating costs and expenses 87.3 72.4 173.8 155.2
Operating Income 10.8 9.6 17.5 18.2
Other Income and (Expenses):        
Income related to joint ventures 1.9 1.3 3.2 3.4
Gain on the sale of improved property 0.0 (8.0) (3.0) (8.0)
Reductions in solar investments, net (0.2) (9.5) (2.2) (9.5)
Interest and other income, net 1.2 0.8 2.2 1.1
Interest expense (6.2) (6.8) (12.4) (13.7)
Total other income and (expenses) (3.3) (6.2) (6.2) (10.7)
Income from Continuing Operations Before Income Taxes 7.5 3.4 11.3 7.5
Income tax expense (3.5) (0.3) (2.7) (0.6)
Income from Continuing Operations 4.0 3.1 8.6 6.9
Income (loss) from discontinued operations, net of income taxes 0.8 (3.7) 3.2 (14.5)
Net Income (Loss) 4.8 (0.6) 11.8 (7.6)
Income attributable to noncontrolling interest 0.5 0.1 1.2 0.6
Net Income (Loss) Attributable to A&B Shareholders $ 4.3 $ (0.7) $ 10.6 $ (8.2)
Basic Earnings (Loss) Per Share of Common Stock:        
Continuing operations available to A&B shareholders (in dollars per share) $ 0.08 $ 0.06 $ 0.16 $ 0.14
Discontinued operations available to A&B shareholders (in dollars per share) 0.02 (0.07) 0.07 (0.30)
Basic - Net income (loss) available to A&B shareholders (in dollars per share) (in dollars per share) 0.10 (0.01) 0.23 (0.16)
Diluted Earnings (Loss) Per Share of Common Stock:        
Continuing operations available to A&B shareholders (in dollars per share) 0.07 0.06 0.16 0.14
Discontinued operations available to A&B shareholders (in dollars per share) 0.02 (0.07) 0.07 (0.30)
Net income (loss) available to A&B shareholders (in dollars per share) $ 0.09 $ (0.01) $ 0.23 $ (0.16)
Weighted Average Number of Shares Outstanding:        
Basic (in shares) 49.2 49.0 49.1 49.0
Diluted (in shares) 49.6 49.4 49.6 49.3
Amounts Available to A&B Shareholders (Note 4):        
Continuing operations available to A&B shareholders, net of income taxes $ 3.7 $ 3.1 $ 8.1 $ 6.8
Income (loss) from discontinued operations, net of income taxes 0.8 (3.7) 3.2 (14.5)
Net income (loss) available to A&B shareholders $ 4.5 $ (0.6) $ 11.3 $ (7.7)
Cash dividends per share (in dollars per share) $ 0.07 $ 0.06 $ 0.14 $ 0.12
[1] Costs related to the Company's in-depth evaluation of and conversion to a REIT.