XML 15 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Real estate sales $ 3,482 $ 2,836 $ 8,694 $ 4,670
Resort and club revenues 12,974 10,797 18,086 15,389
Timber sales 8,166 7,804 70,790 14,219
Other revenues 662 598 1,150 1,057
Total revenues 25,284 22,035 98,720 35,335
Expenses:        
Cost of real estate sales 2,765 1,140 4,545 1,731
Cost of resort and club revenues 10,996 9,631 17,570 16,134
Cost of timber sales 5,956 5,091 12,196 9,521
Cost of other revenues 537 621 1,030 1,082
Other operating expenses 6,259 7,565 13,269 15,538
Corporate expense, net 8,278 8,109 26,525 13,466
Depreciation and amortization 3,446 3,457 9,950 6,939
Impairment losses 1,697 502 2,479 555
Restructuring charges 5,926 1,158 10,402 2,698
Total expenses 45,860 37,274 97,966 67,664
Operating (loss) income (20,576) (15,239) 754 (32,329)
Other income (expense):        
Investment income, net 165 452 372 835
Interest expense (985) (1,136) (1,982) (2,230)
Other, net 1,123 1,204 2,250 1,369
Total other income (expense) 303 520 640 (26)
(Loss) income from continuing operations before equity in (loss) income of unconsolidated affiliates and income taxes (20,273) (14,719) 1,394 (32,355)
Equity in (loss) income of unconsolidated affiliates (16) (51) (40) (429)
Income tax (benefit) expense (6,946) (6,140) 607 (12,729)
Net (loss) income (13,343) (8,630) 747 (20,055)
Less: Net loss attributable to noncontrolling interest (7) (8) (16) (20)
Net (loss) income attributable to the Company $ (13,336) $ (8,622) $ 763 $ (20,035)
Basic        
Net (loss) income attributable to the Company $ (0.14) $ (0.09) $ 0.01 $ (0.22)
Diluted        
Net (loss) income attributable to the Company $ (0.14) $ (0.09) $ 0.01 $ (0.22)