Revenue Recognition

9 Months Ended

Sep. 30, 2020

Revenue Recognition

Revenue Recognition

15. Revenue Recognition

Revenue consists primarily of real estate sales, hospitality operations, leasing operations, and timber sales. Taxes collected from customers and remitted to governmental authorities (e.g., sales tax) are excluded from revenue, costs and expenses. The following represents revenue disaggregated by segment, good or service and timing:

	Three Months Ended September 30, 2020
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	16,104	$	—	$	2,157	$	215	$	18,476
Hospitality revenue		232		16,773		—		—		17,005
Leasing revenue		17		3		4,943		—		4,963
Timber revenue		—		—		1,597		—		1,597
Total revenue	$	16,353	$	16,776	$	8,697	$	215	$	42,041
Timing of Revenue Recognition:
Recognized at a point in time	$	16,336	$	15,807	$	3,754	$	215	$	36,112
Recognized over time		—		966		—		—		966
Over lease term		17		3		4,943		—		4,963
Total revenue	$	16,353	$	16,776	$	8,697	$	215	$	42,041

	Three Months Ended September 30, 2019
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	10,963	$	—	$	2,192	$	335	$	13,490
Hospitality revenue		127		13,876		—		—		14,003
Leasing revenue		11		28		3,998		—		4,037
Timber revenue		—		—		1,326		—		1,326
Total revenue	$	11,101	$	13,904	$	7,516	$	335	$	32,856
Timing of Revenue Recognition:
Recognized at a point in time	$	11,090	$	13,097	$	3,518	$	335	$	28,040
Recognized over time		—		779		—		—		779
Over lease term		11		28		3,998		—		4,037
Total revenue	$	11,101	$	13,904	$	7,516	$	335	$	32,856

	Nine Months Ended September 30, 2020
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	33,060	$	—	$	7,244	$	1,534	$	41,838
Hospitality revenue		364		34,816		—		—		35,180
Leasing revenue		94		8		14,067		—		14,169
Timber revenue		—		—		5,508		—		5,508
Total revenue	$	33,518	$	34,824	$	26,819	$	1,534	$	96,695
Timing of Revenue Recognition:
Recognized at a point in time	$	33,424	$	32,480	$	12,752	$	1,534	$	80,190
Recognized over time		—		2,336		—		—		2,336
Over lease term		94		8		14,067		—		14,169
Total revenue	$	33,518	$	34,824	$	26,819	$	1,534	$	96,695

	Nine Months Ended September 30, 2019
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	28,150	$	—	$	4,591	$	893	$	33,634
Hospitality revenue		461		36,533		—		—		36,994
Leasing revenue		33		79		11,106		—		11,218
Timber revenue		—		—		2,580		—		2,580
Total revenue	$	28,644	$	36,612	$	18,277	$	893	$	84,426
Timing of Revenue Recognition:
Recognized at a point in time	$	28,611	$	34,462	$	7,171	$	893	$	71,137
Recognized over time		—		2,071		—		—		2,071
Over lease term		33		79		11,106		—		11,218
Total revenue	$	28,644	$	36,612	$	18,277	$	893	$	84,426