Quarterly Financial Data

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

NOTE 24.     QUARTERLY FINANCIAL DATA

QUARTERLY FINANCIAL DATA

(UNAUDITED)

	March 31,				June 30,				September 30,				December 31,
	2016		2015		2016		2015		2016		2015		2016		2015
Revenues
Income Properties	$	6,429,241	$	4,260,675	$	6,033,082	$	4,132,052	$	6,021,331	$	5,034,090	$	6,608,830	$	5,614,294
Interest Income from Commercial Loan Investments		881,245		631,484		635,050		638,710		534,212		546,640		537,728		874,551
Real Estate Operations		9,560,898		859,801		4,774,620		1,368,141		4,643,646		1,748,398		19,165,183		11,966,554
Golf Operations		1,464,359		1,537,426		1,412,196		1,448,567		1,001,368		949,083		1,312,471		1,308,409
Agriculture and Other Income		18,692		18,939		18,990		20,738		10,388		19,504		11,331		19,624
Total Revenues		18,354,435		7,308,325		12,873,938		7,608,208		12,210,945		8,297,715		27,635,543		19,783,432
Direct Cost of Revenues
Income Properties		(1,176,707)		(640,846)		(1,204,040)		(682,887)		(1,430,642)		(997,760)		(1,393,474)		(1,334,442)
Real Estate Operations		(2,257,041)		(598,723)		(1,124,641)		(305,853)		(1,257,183)		(316,613)		(10,242,446)		(3,071,335)
Golf Operations		(1,404,588)		(1,389,612)		(1,447,176)		(1,456,232)		(1,302,920)		(1,355,469)		(1,432,393)		(1,391,772)
Agriculture and Other Income		(48,051)		(55,151)		(52,654)		(43,195)		(52,894)		(51,484)		(13,170)		(76,724)
Total Direct Cost of Revenues		(4,886,387)		(2,684,332)		(3,828,511)		(2,488,167)		(4,043,639)		(2,721,326)		(13,081,483)		(5,874,273)
General and Administrative Expenses		(4,797,457)		(1,469,766)		(1,899,126)		(1,874,877)		(1,821,827)		(2,778,960)		(1,779,467)		(2,630,176)
Impairment Charges		(209,908)		(510,041)		(1,970,822)		—		—		—		—		—
Depreciation and Amortization		(2,067,367)		(1,155,739)		(1,805,559)		(1,071,752)		(1,945,460)		(1,417,129)		(2,377,031)		(1,568,277)
Gain on Disposition of Assets		—		5,440		1,362,948		12,749		11,479,490		3,763,140		(83,668)		1,735,115
Total Operating Expenses		(11,961,119)		(5,814,438)		(8,141,070)		(5,422,047)		3,668,564		(3,154,275)		(17,321,649)		(8,337,611)
Operating Income		6,393,316		1,493,887		4,732,868		2,186,161		15,879,509		5,143,440		10,313,894		11,445,821
Investment Income		(566,384)		150,459		2,691		74,818		2,531		170,466		31,181		(186,864)
Interest Expense		(2,091,766)		(1,066,502)		(2,154,437)		(1,888,434)		(2,454,390)		(1,892,145)		(2,052,745)		(2,072,686)
Income Before Income Tax Expense		3,735,166		577,844		2,581,122		372,545		13,427,650		3,421,761		8,292,330		9,186,271
Income Tax Expense		(2,342,601)		(224,488)		(1,000,480)		(147,928)		(5,281,646)		(1,349,480)		(3,212,127)		(3,547,208)
Net Income		1,392,565		353,356		1,580,642		224,617		8,146,004		2,072,281		5,080,203		5,639,063
Less: Net Loss (Income) Attributable to Noncontrolling Interest in Consolidated VIE		32,153		—		(10,199)		—		15,010		7,590		14,870		50,259
Net Income Attributable to Consolidated-Tomoka Land Co.	$	1,424,718	$	353,356	$	1,570,443	$	224,617	$	8,161,014	$	2,079,871	$	5,095,073	$	5,689,322
Per Share Information:
Basic
Net Income Attributable to Consolidated-Tomoka Land Co.	$	0.25	$	0.06	$	0.28	$	0.04	$	1.44	$	0.36	$	0.91	$	0.99
Diluted
Net Income Attributable to Consolidated-Tomoka Land Co.	$	0.25	$	0.06	$	0.28	$	0.04	$	1.44	$	0.36	$	0.90	$	0.98