XML 15 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Leasing operations - Post Lease ASU Adoption $ 5,718 $ 4,413 $ 11,450 $ 8,042
Total revenues 8,931 23,724 37,065 43,422
Cost of sales:        
Cost of sales 8,965 17,514 31,299 29,853
Depreciation 3,377 2,703 7,010 5,333
Total cost of sales 12,342 20,217 38,309 35,186
General and administrative expenses 3,103 2,919 5,918 6,118
Income from forfeited earnest money (15,000) 0 (15,000) 0
Gain on sale of assets 0 161 0 (1,952)
Total 445 23,297 29,227 39,352
Operating income 8,486 427 7,838 4,070
Interest expense, net (3,666) (2,911) (7,581) (5,483)
Gain (loss) on interest rate derivative instruments 42 (123) (79) (182)
Loss on early extinguishment of debt 0 0 0 (16)
Other income, net 89 12 108 311
Income (loss) before income taxes and equity in unconsolidated affiliates' loss 4,951 (2,595) 286 (1,300)
Equity in unconsolidated affiliates' loss 0 (13) 0 (13)
Income Tax Expense (Benefit) (1,148) 218 1,370 (215)
(Loss) income from continuing operations 3,803 (2,390) 1,656 (1,528)
Total comprehensive loss attributable to noncontrolling interests in subsidiaries 331 1 1,408 1
Net income (loss) and total comprehensive income (loss) attributable to common stockholders $ 4,134 $ (2,389) $ 3,064 $ (1,527)
Earnings Per Share, Basic and Diluted $ 0.50 $ (0.29) $ 0.37 $ (0.19)
Weighted average number of shares outstanding, basic (in shares) 8,210 8,177 8,205 8,172
Weighted Average Number of Shares Outstanding, Diluted 8,228 8,177 8,230 8,172
Real estate        
Revenues:        
Revenue from contracts with customers $ 1,893 $ 4,129 $ 14,229 $ 7,077
Cost of sales:        
Cost of sales 1,921 3,795 12,176 3,841
Leasing Operations [Member]        
Cost of sales:        
Cost of sales 4,070 2,447 7,152 4,586
Hotel [Member]        
Revenues:        
Revenue from contracts with customers 1,030 8,962 6,941 17,287
Cost of sales:        
Cost of sales 1,766 6,831 7,665 13,506
Entertainment [Member]        
Revenues:        
Revenue from contracts with customers 290 6,220 4,445 11,016
Cost of sales:        
Cost of sales $ 1,208 $ 4,441 $ 4,306 $ 7,920