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Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Summarized Financial Information, Discontinued Operations
Summarized financial information related to the discontinued operations is as follows:

 
 
Three Months Ended March 31,
 
 
2015
 
2014
 
(in thousands)
Revenues
 
 
 
 
Hotel operations
 
$

 
$
690

Total revenues
 

 
690

Expenses
 
 
 
 
Hotel operations
 

 
662

Total operating expenses
 

 
662

Operating income
 

 
28

Gain on disposal of discontinued operations
 

 
2,581

Income from discontinued operations before income taxes
 

 
2,609

Income taxes
 

 
968

Income from discontinued operations
 
$

 
$
1,641


 
 
 
As of March 31, 2015
 
As of December 31, 2014
 
 
(in thousands)
Total assets
 
$

 
$

 
 
 
 
 
Accounts payable
 
$

 
$
45

Income taxes payable
 

 
994

Total liabilities
 
$

 
$
1,039

 
 
 
 
 
Net assets (liabilities) of discontinued operations
 
$

 
$
(1,039
)