Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Financial information for the company's operations before taxes

Financial information for the Company’s operations before taxes and non-controlling interests for the three and nine months ended September 30, 2019 and 2018 were as follows:

				Real				Corporate
	Tobacco			Estate				and Other			Total
Three months ended September 30, 2019
Revenues	$	303,260		$	201,530			$	—		$	504,790
Operating income (loss)	72,799		(1)	628				(6,707		)	66,720
Equity in earnings from real estate ventures	—			8,050				—			8,050
Depreciation and amortization	1,941			2,240				249			4,430
Three months ended September 30, 2018
Revenues	$	302,009		$	211,860			$	—		$	513,869
Operating income (loss)	63,259			9,115				(6,356		)	66,018
Equity in earnings from real estate ventures	—			294				—			294
Depreciation and amortization	2,059			2,398				250			4,707
Nine months ended September 30, 2019
Revenues	$	854,517		$	609,629			$	—		$	1,464,146
Operating income (loss)	201,594		(2)	4,672				(20,712		)	185,554
Equity in earnings from real estate ventures	—			12,002				—			12,002
Depreciation and amortization	5,848			6,765				749			13,362
Capital expenditures	3,425			6,733				—			10,158
Nine months ended September 30, 2018
Revenues	$	843,958		$	580,365			$	—		$	1,424,323
Operating income (loss)	189,185		(3)	6,222			(4)	(19,444		)	175,963
Equity in losses from real estate ventures	—			(8,378		)		—			(8,378		)
Depreciation and amortization	6,171			7,105				767			14,043
Capital expenditures	4,175			8,356				15			12,546

⁽¹⁾  Operating income includes $240 of litigation settlement and judgment expense.

⁽²⁾  Operating income includes $895 of litigation settlement and judgment expense.

⁽³⁾   Operating income includes $6,298 of income from a settlement of a long-standing dispute related to the Master Settlement Agreement, and $525 of litigation settlement and judgment expense.

⁽⁴⁾ 

Operating income includes $2,469 of litigation settlement and judgment income.