XML 61 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Real Estate And Other Assets Held For Sale And Related Liabilities
3 Months Ended
Mar. 31, 2013
Real Estate And Other Assets Held For Sale And Related Liabilities

6. Real Estate and Other Assets Held for Sale and Related Liabilities

Real estate and other assets held for sale include completed real estate projects or land for sale in their present condition that have met all of the “held for sale” criteria of the “Property, Plant and Equipment” Topic of the FASB ASC (Topic 360) and other assets directly related to such projects. Liabilities related to real estate and other assets held for sale have been included as a single line item in the accompanying consolidated balance sheets.

Real estate and other assets held for sale and related liabilities were as follows (dollars in thousands):

 

     March 31, 2013      December 31, 2012  

Assets:

     

Real estate held for sale (see Note 7)

   $ 78,485       $ 116,822   

Other current assets

     1,548         4,921   

Property and equipment, net

     237         329   

Other assets

     3,223         8,427   
  

 

 

    

 

 

 

Total real estate and other assets held for sale

     83,493         130,499   

Liabilities:

     

Notes payable on real estate held for sale (see Note 8)

     59,060         101,542   

Accounts payable and accrued expenses

     741         2,444   

Other current liabilities

     288         190   

Other liabilities

     477         451   
  

 

 

    

 

 

 

Total liabilities related to real estate and other assets held for sale

     60,566         104,627   
  

 

 

    

 

 

 

Net real estate and other assets held for sale

   $ 22,927       $ 25,872