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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Revenues:        
Hotel $ 13,495,000 $ 14,481,000 $ 40,937,000 $ 43,332,000
Real estate 85,000 102,000 262,000 334,000
Total revenues 13,580,000 14,583,000 41,199,000 43,666,000
Costs and operating expenses:        
Hotel operating expenses (10,333,000) (11,831,000) (30,515,000) (34,993,000)
Hotel restructuring costs 0 (5,236,000) 0 (5,236,000)
Real estate operating expenses (43,000) (20,000) (135,000) (125,000)
Depreciation and amortization expense (690,000) (777,000) (2,213,000) (2,288,000)
General and administrative expense (236,000) (254,000) (719,000) (796,000)
Total costs and operating expenses (11,302,000) (18,118,000) (33,582,000) (43,438,000)
Income (loss) from operations 2,278,000 (3,535,000) 7,617,000 228,000
Other income (expense):        
Interest expense - mortgage (2,027,000) (1,944,000) (5,970,000) (5,874,000)
Loss on disposal of assets   0 0 (30,000)
Net loss on marketable securities (359,000) (208,000) (1,475,000) (2,873,000)
Net unrealized loss on other investments     0 (63,000)
Impairment loss on other investments (75,000) (158,000) (97,000) (312,000)
Dividend and interest income 25,000 6,000 61,000 8,000
Trading and margin interest expense (77,000) (51,000) (221,000) (158,000)
Total other expense, net (2,513,000) (2,355,000) (7,702,000) (9,302,000)
Loss before income taxes (235,000) (5,890,000) (85,000) (9,074,000)
Income tax (expense) benefit (18,000) 1,970,000 (346,000) 2,752,000
Net loss (253,000) (3,920,000) (431,000) (6,322,000)
Less: Net (income) loss attributable to the noncontrolling interest (24,000) 1,395,000 (252,000) 1,748,000
Net loss attributable to Santa Fe Financial Corp. $ (277,000) $ (2,525,000) $ (683,000) $ (4,574,000)
Basic and diluted net loss per share attributable to Santa Fe Financial Corp. $ (0.22) $ (2.03) $ (0.55) $ (3.68)
Weighted average number of common shares outstanding - basic and diluted 1,241,810 1,241,810 1,241,810 1,241,810