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Investments In Unconsolidated Joint Ventures And Entities
 9 Months Ended
Sep. 30, 2016
Investments In And Advances To Unconsolidated Joint Ventures And Entities [Abstract]  
Investments In And Advances To Unconsolidated Joint Ventures And Entities



Note 6 – Investments in Unconsolidated Joint Ventures and Entities

Our investments in unconsolidated joint ventures and entities are accounted for under the equity method of accounting, except for Rialto Distribution, which is accounted for as a cost method investment. The table below summarizes our investments in unconsolidated joint ventures and entities as of September 30, 2016 and December 31, 2015:



 

 

 

 

 

 

 

 



 

 

 

September 30,

 

December 31,

(Dollars in thousands)

 

Interest

 

2016

 

2015

Rialto Distribution

 

33.3%

 

$

--

 

$

--

Rialto Cinemas

 

50.0%

 

 

 1,378 

 

 

 1,276 

Mt. Gravatt

 

33.3%

 

 

 4,126 

 

 

 4,094 

Total investments

 

 

 

$

 5,504 

 

$

 5,370 



For the quarter and nine months ended September 30, 2016 and 2015, we recorded our share of equity earnings from our investments in unconsolidated joint ventures and entities as follows:





 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

Quarter Ended

 

Nine Months Ended



 

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

(Dollars in thousands)

 

 

2016

 

 

2015

 

 

2016

 

 

2015

Rialto Distribution

 

 

 

$

--  

 

$

 93 

 

$

--  

 

$

 115 

Rialto Cinemas

 

 

 

 

 47 

 

 

 (100)

 

 

 208 

 

 

 35 

Mt. Gravatt

 

 

 

 

 153 

 

 

 202 

 

 

 600 

 

 

 765 

Total equity earnings

 

 

 

$

 200 

 

$

 195 

 

$

 808 

 

$

 915