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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Minimum rents $ 207,315 $ 183,025 $ 173,268
Tenant recoveries 49,993 45,814 44,330
Total revenues 1,064,537 1,100,120 1,035,005
Expenses:      
Condominium rights and unit cost of sales 262,562 338,361 319,325
Master Planned Community cost of sales 124,214 121,116 95,727
Master Planned Community operations 45,217 38,777 42,371
Other property operating costs 133,761 91,729 65,978
Rental property real estate taxes 32,183 29,185 26,847
Rental property maintenance costs 15,813 13,432 12,392
Hospitality operating costs 59,195 56,362 49,359
Provision for doubtful accounts 6,078 2,710 5,664
Demolition costs 17,329 1,923 2,212
Development-related marketing costs 29,249 20,504 22,184
General and administrative 104,625 89,882 86,588
Depreciation and amortization 126,565 132,252 95,864
Total expenses 956,791 936,233 824,511
Other:      
Provision for impairment 0 0 (35,734)
Gains on sales of properties 0 51,367 140,549
Other (loss) income, net (936) 3,248 11,453
Total other (936) 54,615 116,268
Operating income 106,810 218,502 326,762
Interest income 8,486 4,043 1,359
Interest expense (82,028) (64,568) (65,724)
Loss on redemption of senior notes due 2021 0 (46,410) 0
Warrant liability loss 0 (43,443) (24,410)
Gain on acquisition of joint venture partner's interest 0 23,332 27,088
(Loss) gain on disposal of operating assets (4) 3,868 (1,117)
Equity in earnings from Real Estate and Other Affiliates 39,954 25,498 56,818
Income before taxes 73,218 120,822 320,776
Provision (benefit) for income taxes (15,492) 45,801 (118,450)
Net income 57,726 166,623 202,326
Net (income) loss attributable to noncontrolling interests (714) 1,781 (23)
Net income attributable to common stockholders $ 57,012 $ 168,404 $ 202,303
Basic income per share: (in dollars per share) $ 1.32 $ 4.07 $ 5.12
Diluted income per share: (in dollars per share) $ 1.32 $ 3.91 $ 4.73
Condominium rights and unit sales      
Revenues:      
Revenue $ 357,720 $ 464,251 $ 485,634
Master Planned Community land sales      
Revenues:      
Revenue 261,905 248,595 215,318
Hospitality revenues      
Revenues:      
Revenue 82,037 76,020 62,252
Builder price participation      
Revenues:      
Revenue 27,085 22,835 21,386
Other land revenues      
Revenues:      
Revenue 21,314 28,166 16,232
Other rental and property revenues      
Revenues:      
Revenue $ 57,168 $ 31,414 $ 16,585