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BASIS OF PRESENTATION AND ORGANIZATION (Tables)
 9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Financial Statement Line Items Affected As Result Of New Revenue Recognition Standard
For the three and nine months ended September 30, 2018, the following Condensed Consolidated Statements of Operations line items were affected as a result of HHC's adoption of the New Revenue Standard:
 
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
Condensed Consolidated Statements of Operations (in thousands)
 
Recognition Under Previous Guidance
 
Impact of Adoption of ASC Topic 606
 
Recognition Under ASC Topic 606
 
Recognition Under Previous Guidance
 
Impact of Adoption of ASC Topic 606
 
Recognition Under ASC Topic 606
Condominium rights and unit sales
 
$
51,823

 
$
(43,778
)
 
$
8,045

 
$
422,015

 
$
(382,248
)
 
$
39,767

Condominium rights and unit cost of sales
 
43,916

 
(37,748
)
 
6,168

 
346,391

 
(304,678
)
 
41,713

Depreciation and amortization
 
30,752

 
371

 
31,123

 
86,059

 
2,339

 
88,398

Operating income before other items
 
52,424

 
(6,402
)
 
46,022

 
119,909

 
(79,909
)
 
40,000

Provision for income taxes
 
9,114

 
(1,627
)
 
7,487

 
25,022

 
(19,394
)
 
5,628

Net income
 
28,622

 
(4,775
)
 
23,847

 
80,317

 
(60,515
)
 
19,802

Net income attributable to noncontrolling interests
 
28,140

 
(4,775
)
 
23,365

 
80,266

 
(60,515
)
 
19,751

For the three and nine months ended September 30, 2018, the following Condensed Consolidated Statements of Comprehensive Income line items were affected as a result of HHC's adoption of the New Revenue Standard:
 
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
Condensed Consolidated Statements of Comprehensive Income (in thousands)
 
Recognition Under Previous Guidance
 
Impact of Adoption of ASC Topic 606
 
Recognition Under ASC Topic 606
 
Recognition Under Previous Guidance
 
Impact of Adoption of ASC Topic 606
 
Recognition Under ASC Topic 606
Net income
 
$
28,622

 
$
(4,775
)
 
$
23,847

 
$
80,317

 
$
(60,515
)
 
$
19,802

Comprehensive income
 
30,557

 
(4,775
)
 
25,782

 
91,732

 
(60,515
)
 
31,217

Comprehensive income attributable to common stockholders
 
30,075

 
(4,775
)
 
25,300

 
91,681

 
(60,515
)
 
31,166

The following Condensed Consolidated Statements of Cash Flows line items were affected as of September 30, 2018, as a result of HHC's adoption of the New Revenue Standard:
 
 
Nine Months Ended September 30, 2018
Condensed Consolidated Statements of Cash Flows (in thousands)
 
Recognition Under Previous Guidance
 
Impact of Adoption of ASC Topic 606
 
Recognition Under ASC Topic 606
Net income
 
$
80,317

 
$
(60,515
)
 
$
19,802

Depreciation and amortization
 
86,059

 
2,339

 
88,398

Deferred income taxes
 
24,015

 
(19,394
)
 
4,621

Condominium rights and unit cost of sales
 
346,391

 
(304,678
)
 
41,713

Percentage of completion revenue recognition from sale of condominium rights and unit sales
 
(382,248
)
 
382,248

 
—

The following Balance Sheet line items were affected as of September 30, 2018, as a result of HHC's adoption of the New Revenue Standard:

 
September 30, 2018
Condensed Consolidated Balance Sheets (in thousands)
 
Recognition Under Previous Guidance
 
Impact of Adoption of ASC Topic 606
 
Recognition Under ASC Topic 606
Buildings and equipment, net
 
$
2,150,391

 
$
1,109

 
$
2,151,500

Developments
 
1,390,203

 
435,644

 
1,825,847

Deferred expenses, net
 
87,095

 
8,716

 
95,811

Prepaid expenses and other assets, net
 
757,512

 
(471,318
)
 
286,194

Deferred tax liabilities
 
187,806

 
(39,036
)
 
148,770

Accounts payable and accrued expenses
 
562,428

 
143,436

 
705,864

Accumulated deficit
 
(27,354
)
 
(130,248
)
 
(157,602
)