Revenue Recognition

9 Months Ended

Sep. 30, 2022

Revenue Recognition

Revenue Recognition

16. 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, 2022
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	15,045	$	—	$	1,464	$	821	$	17,330
Hospitality revenue		—		28,843		192		—		29,035
Leasing revenue		5		204		9,800		40		10,049
Timber revenue		—		—		1,162		—		1,162
Total revenue	$	15,050	$	29,047	$	12,618	$	861	$	57,576
Timing of Revenue Recognition:
Recognized at a point in time	$	15,045	$	21,573	$	2,818	$	821	$	40,257
Recognized over time		—		7,270		—		—		7,270
Over lease term		5		204		9,800		40		10,049
Total revenue	$	15,050	$	29,047	$	12,618	$	861	$	57,576

	Three Months Ended September 30, 2021
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	21,603	$	—	$	1,560	$	337	$	23,500
Hospitality revenue		—		21,937		355		—		22,292
Leasing revenue		45		20		7,076		5		7,146
Timber revenue		—		—		1,058		—		1,058
Total revenue	$	21,648	$	21,957	$	10,049	$	342	$	53,996
Timing of Revenue Recognition:
Recognized at a point in time	$	21,603	$	16,729	$	2,973	$	337	$	41,642
Recognized over time		—		5,208		—		—		5,208
Over lease term		45		20		7,076		5		7,146
Total revenue	$	21,648	$	21,957	$	10,049	$	342	$	53,996

	Nine Months Ended September 30, 2022
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	70,724	$	—	$	9,581	$	1,827	$	82,132
Hospitality revenue		—		74,391		521		—		74,912
Leasing revenue		50		263		27,800		102		28,215
Timber revenue		—		—		5,438		—		5,438
Total revenue	$	70,774	$	74,654	$	43,340	$	1,929	$	190,697
Timing of Revenue Recognition:
Recognized at a point in time	$	70,724	$	53,563	$	15,540	$	1,827	$	141,654
Recognized over time		—		20,828		—		—		20,828
Over lease term		50		263		27,800		102		28,215
Total revenue	$	70,774	$	74,654	$	43,340	$	1,929	$	190,697

	Nine Months Ended September 30, 2021
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	74,670	$	—	$	9,771	$	1,174	$	85,615
Hospitality revenue		—		57,374		612		—		57,986
Leasing revenue		129		39		18,920		24		19,112
Timber revenue		—		—		4,827		—		4,827
Total revenue	$	74,799	$	57,413	$	34,130	$	1,198	$	167,540
Timing of Revenue Recognition:
Recognized at a point in time	$	74,670	$	43,610	$	15,210	$	1,174	$	134,664
Recognized over time		—		13,764		—		—		13,764
Over lease term		129		39		18,920		24		19,112
Total revenue	$	74,799	$	57,413	$	34,130	$	1,198	$	167,540