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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Condominium rights and unit sales $ 10,837 $ 80,145
Master Planned Community land sales 46,565 53,481
Minimum rents 49,395 46,326
Tenant recoveries 12,760 11,399
Hospitality revenues 23,061 19,711
Builder price participation 5,081 4,661
Other land revenues 4,131 10,582
Other rental and property revenues 9,849 5,457
Total revenues 161,679 231,762
Expenses:    
Condominium rights and unit cost of sales 6,729 60,483
Master Planned Community cost of sales 26,043 25,869
Master Planned Community operations 10,325 9,394
Other property operating costs 23,175 18,508
Rental property real estate taxes 8,127 7,537
Rental property maintenance costs 3,197 3,028
Hospitality operating costs 15,567 13,845
Provision for doubtful accounts 776 535
Demolition costs 6,671 65
Development-related marketing costs 6,078 4,205
General and administrative 24,264 18,117
Depreciation and amortization 28,188 25,524
Total expenses 159,140 187,110
Operating income before other items 2,539 44,652
Other:    
Gains on sales of properties 0 32,215
Other income, net 0 687
Total other 0 32,902
Operating income 2,539 77,554
Interest income 2,076 622
Interest expense (16,609) (17,858)
Loss on redemption of senior notes due 2021 0 (46,410)
Warrant liability loss 0 (12,562)
Gain on acquisition of joint venture partner's interest 0 5,490
Equity in earnings from Real Estate and Other Affiliates 14,386 8,520
Income before taxes 2,392 15,356
Provision for income taxes 558 9,697
Net income 1,834 5,659
Net income attributable to noncontrolling interests (360) 0
Net income attributable to common stockholders $ 1,474 $ 5,659
Basic income per share: (in dollars per share) $ 0.03 $ 0.14
Diluted income per share: (in dollars per share) $ 0.03 $ 0.13