XML 51 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures
Unaudited condensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of December 31, 2012 and December 31, 2011 and condensed statements of operations for the twelve months ended December 31, 2012 and December 30, 2011 are as follows:
Statement of Operations for the twelve months ending December 31, 2012
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
Petro Travel
Plaza
Holdings
 
Five West Parcel
 
Tejon Mountain Village
 
18-19 West
LLC
 
Total
 
Centennial-VIE
Revenues
$
121,664

 
$
2,710

 
$

 
$
80

 
$
124,454

 
$
582

Net income (loss)
$
4,857

 
$
(241
)
 
$
(84
)
 
$
72

 
$
4,604

 
$
(530
)
Partner’s share of net income (loss)
$
1,943

 
$
(121
)
 
$
(42
)
 
$
36

 
$
1,816

 
$
(158
)
Equity in earnings (losses)
$
2,661

 
$
(120
)
 
$
(42
)
 
$
36

 
$
2,535

 
$

Balance Sheet Information as of December 31, 2012
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
Petro Travel
Plaza
Holdings
 
Five West Parcel
 
Tejon Mountain Village
 
18-19 West
LLC
 
Total
 
Centennial-VIE
Current assets
$
9,577

 
$
194

 
$
218

 
$
42

 
$
10,031

 
$
491

Property and equipment, net
44,196

 
19,025

 
92,846

 
4,412

 
160,479

 
72,356

Other assets
246

 
683

 

 

 
929

 

Long-term debt
(17,358
)
 
(11,000
)
 

 

 
(28,358
)
 

Other liabilities
(3,350
)
 
(39
)
 
(224
)
 
(1
)
 
(3,614
)
 
(1,099
)
Net assets
$
33,311

 
$
8,863

 
$
92,840

 
$
4,453

 
$
139,467

 
$
71,748

Statement of Operations for the twelve months ending December 31, 2011
 
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
 
Petro Travel
Plaza
Holdings
 
Five
West
Parcel
 
Tejon
Mountain
Village
 
18-19
West
 
Total
 
Centennial
Revenues
 
$
115,992

 
$
178

 
$

 
$

 
$
116,170

 
$
380

Net income (loss)
 
3,104

 
(1,834
)
 
(38
)
 
(6
)
 
1,226

 
(336
)
Partner’s share of net income (loss)
 
1,242

 
(917
)
 
(19
)
 
(3
)
 
303

 
(113
)
Equity in earnings (losses)
 
$
1,862

 
$
(917
)
 
$
(26
)
 
$
(3
)
 
$
916

 
$

Balance Sheet Information as of December 31, 2011
 
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
 
Petro Travel
Plaza
Holdings
 
Five
West
Parcel
 
Tejon
Mountain
Village
 
18-19
West
 
Total
 
Centennial
Current assets
 
$
16,940

 
$
116

 
$
1,020

 
$
12

 
$
18,088

 
$
325

Property and equipment, net
 
44,092

 
16,509

 
85,127

 
4,255

 
149,983

 
67,684

Other assets
 
307

 
37

 

 

 
344

 

Long-term debt
 
(18,076
)
 
(8,625
)
 

 

 
(26,701
)
 

Other liabilities
 
(2,648
)
 
(201
)
 
(1,122
)
 

 
(3,971
)
 
(1,106
)
Net assets
 
$
40,615

 
$
7,836

 
$
85,025

 
$
4,267

 
$
137,743

 
$
66,903