XML 58 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Information by Business Segment
Information by business segment is as follows:
 
2017

2016

2015
OPERATING REVENUE:
 
 
 
 
 
Residential real estate
$
21,747

 
$
19,483

 
$
21,137

Resorts and leisure
54,820

 
57,284

 
54,488

Commercial leasing and sales
14,510

 
11,929

 
16,138

Forestry revenue
7,201

 
6,673

 
12,042

Other
518

 
375

 
66

Consolidated operating revenue
$
98,796

 
$
95,744

 
$
103,871

 
 
 
 
 
 
COST OF REVENUE:
 
 
 
 
 
Cost of residential real estate revenue
$
12,455

 
$
6,383

 
$
10,853

Cost of resorts and leisure revenue
47,816

 
50,229

 
47,069

Cost of commercial leasing and sales revenue
5,979

 
4,431

 
7,766

Cost of forestry revenue
903

 
1,121

 
1,402

Cost of other revenue
41

 
30

 
4

Consolidated cost of revenue
$
67,194

 
$
62,194

 
$
67,094

 
 
 
 
 
 
OTHER OPERATING AND CORPORATE EXPENSES:
 
 
 
 
 
Residential real estate
$
4,297

 
$
5,744

 
$
10,215

Resorts and leisure
494

 
547

 
426

Commercial leasing and sales
3,444

 
3,492

 
3,031

Forestry revenue
396

 
530

 
941

Other
11,751

 
12,706

 
18,813

Consolidated other operating and corporate expenses
$
20,382

 
$
23,019

 
$
33,426

 
 
 
 
 
 
DEPRECIATION, DEPLETION AND AMORTIZATION:
 
 
 
 
 
Residential real estate
$
187

 
$
286

 
$
544

Resorts and leisure
4,225

 
4,402

 
5,096

Commercial leasing and sales
3,729

 
3,137

 
3,118

Forestry
575

 
552

 
581

Other
169

 
194

 
147

Consolidated depreciation, depletion and amortization
$
8,885

 
$
8,571

 
$
9,486

 
 
 
 
 
 
INVESTMENT INCOME, NET
 
 
 
 
 
Residential real estate and other
$
89

 
$
97

 
$
571

Corporate (a)
35,321

 
17,679

 
22,117

Consolidated investment income, net
$
35,410

 
$
17,776

 
$
22,688

 
 
 
 
 
 
 
2017

2016

2015
INTEREST EXPENSE
 
 
 
 
 
Residential real estate
$
(1,164
)
 
$
(1,284
)
 
$
(1,174
)
Commercial leasing and sales
(2,200
)
 
(2,169
)
 
(1,489
)
Corporate (b)
(8,781
)
 
(8,842
)
 
(8,766
)
Consolidated interest expense
$
(12,145
)
 
$
(12,295
)
 
$
(11,429
)
 
 
 
 
 
 
SALE OF VACATION RENTAL MANAGEMENT, NET
 
 
 
 
 
Resorts and leisure (c)
$
9,800

 
$
—

 
$
—

Consolidated sale of vacation rental management, net
$
9,800

 
$
—

 
$
—

 
 
 
 
 
 
INCOME (LOSS) BEFORE INCOME TAXES:
 
 
 
 
 
Residential real estate
$
3,903

 
$
5,887

 
$
(821
)
Resorts and leisure (c)
12,444

 
2,087

 
1,819

Commercial leasing and sales
(836
)
 
(1,233
)
 
802

Forestry
6,586

 
5,609

 
10,259

Corporate (a)(b)
19,258

 
10,261

 
(13,222
)
Consolidated income (loss) before income taxes
$
41,355

 
$
22,611

 
$
(1,163
)
   
2017
 
2016
 
2015
CAPITAL EXPENDITURES:
 
 
 
 
 
Residential real estate
$
8,407

 
$
3,319

 
$
4,923

Resorts and leisure
4,918

 
1,287

 
2,526

Commercial leasing and sales
25,248

 
6,836

 
8,014

Forestry
1,100

 
1,095

 
1,366

Other
207

 
321

 
636

Total capital expenditures
$
39,880

 
$
12,858

 
$
17,465

 
December 31,
2017
 
December 31, 2016
TOTAL ASSETS:
 
 
 
Residential real estate
$
117,732

 
$
112,220

Resorts and leisure
83,151

 
73,436

Commercial leasing and sales
163,271

 
141,013

Forestry
20,212

 
20,664

Other
536,627

 
680,612

Total assets
$
920,993

 
$
1,027,945

(a)
Includes interest income from investments in SPEs of $8.2 million in each 2017, 2016 and 2015.
(b)
Includes interest expense from Senior Notes issued by SPE of $8.8 million in each 2017, 2016 and 2015.
(c)
Includes proceeds of $9.9 million, which resulted in a net gain of $9.8 million from the PCR Rentals sale in 2017. See Note 7. Sale of Vacation Rental Management.