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Revenue and Contract Balances (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue Revenue by type for the three months ended March 31, 2025 and 2024, was as follows (in thousands):
Three Months Ended March 31,
20252024
Revenues:
Commercial Real Estate$51,043 $48,888 
Land Operations:
Development sales revenue— 2,455 
Unimproved/other property sales revenue2,533 9,625 
Other operating revenue162 234 
Land Operations2,695 12,314 
Total revenues$53,738 $61,202 
Schedule of Contract Balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of March 31, 2025 and December 31, 2024 (in thousands):
March 31, 2025December 31,
2024
Accounts receivable$6,670 $5,398 
Allowances (credit losses and doubtful accounts)(1,728)(1,701)
Accounts receivable, net of allowance for credit losses and allowance for doubtful accounts$4,942 $3,697 
Variable consideration1
$62,000 $62,000 
Prepaid rent8,754 6,077 
Other deferred revenue4,331 4,385 
Deferred revenue$75,085 $72,462 
1 Variable consideration deferred as of the end of the periods related to amounts received in the sale of agricultural land on Maui in 2018 that, under revenue recognition guidance, could not be included in the transaction price.