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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Operating Results and Reconciliation to Consolidated Balances  Segment operating results and reconciliations to the Company’s consolidated balances are as follows:
 
For the year ended December 31, 2018
 
(in thousands)
 
Newhall
 
San Francisco
 
Great Park
 
Commercial
 
Total reportable segments
 
Removal of Great Park Venture (1)
 
Removal of Gateway Commercial Venture (1)
 
Add investment in Great Park Venture
 
Add investment in Gateway Commercial Venture
 
Other eliminations (2)
 
Corporate and unallocated (3)
 
Total Consolidated
Revenues
$
6,401

 
$
6,010

 
$
210,779

 
$
28,069

 
$
251,259

 
$
(175,689
)
 
$
(26,580
)
 
$
—

 
$
—

 
$
—

 
$
—

 
$
48,990

Depreciation and amortization
271

 
287

 
12,456

 
11,730

 
24,744

 
—

 
(11,730
)
 
—

 
—

 
—

 
210

 
13,224

Interest income
1

 
—

 
2,815

 
—

 
2,816

 
(2,815
)
 
—

 
—

 
—

 
—

 
11,766

 
11,767

Interest expense
—

 
—

 
—

 
11,563

 
11,563

 
—

 
(11,563
)
 
—

 
—

 
—

 
—

 
—

Segment profit (loss)/net profit (loss)
(6,802
)
 
(18,060
)
 
15,211

 
(187
)
 
(9,838
)
 
(3,068
)
 
1,676

 
(906
)
 
(1,257
)
 
—

 
(54,552
)
 
(67,945
)
Other significant items:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Segment assets
596,222

 
1,151,372

 
1,303,362

 
479,662

 
3,530,618

 
(1,154,216
)
 
(478,956
)
 
425,653

 
107,246

 
(730
)
 
494,277

 
2,923,892

Inventory assets and real estate related assets, net
559,126

 
1,136,958

 
1,059,717

 
464,123

 
3,219,924

 
(1,059,717
)
 
(464,123
)
 
—

 
—

 
—

 
—

 
1,696,084

Expenditures for long-lived assets (4)
198,008

 
73,177

 
109,292

 
27,030

 
407,507

 
(109,292
)
 
(27,030
)
 
—

 
—

 
—

 
2,354

 
273,539

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended December 31, 2017
 
(in thousands)
 
Newhall
 
San Francisco
 
Great Park
 
Commercial
 
Total reportable segments
 
Removal of Great Park Venture (1)
 
Removal of Gateway Commercial Venture (1)
 
Add investment in Great Park Venture
 
Add investment in Gateway Commercial Venture
 
Other eliminations (2)
 
Corporate and unallocated (3)
 
Total Consolidated
Revenues
$
31,568

 
$
91,187

 
$
497,173

 
$
9,682

 
$
629,610

 
$
(480,934
)
 
$
(9,245
)
 
$
—

 
$
—

 
$
—

 
$
—

 
$
139,431

Depreciation and amortization
553

 
316

 
—

 
4,504

 
5,373

 
—

 
(4,504
)
 
—

 
—

 
—

 
185

 
1,054

Interest income
3

 
—

 
2,226

 
—

 
2,229

 
(2,226
)
 
—

 
—

 
—

 
—

 
2,574

 
2,577

Interest expense
—

 
—

 
—

 
3,628

 
3,628

 
—

 
(3,628
)
 
—

 
—

 
—

 
—

 
—

Segment profit (loss)/net profit (loss)
(12,358
)
 
(19,268
)
 
42,219

 
458

 
11,051

 
(36,061
)
 
(21
)
 
5,760

 
16

 
—

 
43,451

 
24,196

Other significant items:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Segment assets
444,407

 
1,123,266

 
1,578,142

 
456,292

 
3,602,107

 
(1,447,604
)
 
(456,006
)
 
423,492

 
106,516

 
(80,890
)
 
830,740

 
2,978,355

Inventory assets
361,943

 
1,063,949

 
1,089,513

 
448,795

 
2,964,200

 
(1,089,513
)
 
(448,795
)
 
—

 
—

 
—

 
—

 
1,425,892

Expenditures for long-lived assets (4)
84,024

 
62,188

 
311,932

 
446,072

 
904,216

 
(311,932
)
 
(446,072
)
 
—

 
—

 
—

 
1

 
146,213

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended December 31, 2016
 
(in thousands)
 
Newhall
 
San Francisco
 
Great Park
 
Commercial
 
Total reportable segments
 
Removal of Great Park Venture (1)
 
Removal of Gateway Commercial Venture (1)
 
Add investment in Great Park Venture
 
Add investment in Gateway Commercial Venture
 
Other eliminations (2)
 
Corporate and unallocated (3)
 
Total Consolidated
Revenues
$
22,044

 
$
3,999

 
$
35,830

 
$
—

 
$
61,873

 
$
(22,505
)
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
39,368

Depreciation and amortization
492

 
195

 
2,113

 
—

 
2,800

 
—

 
—

 
—

 
—

 
—

 
58

 
2,858

Interest income
91

 
—

 
11,723

 
—

 
11,814

 
(11,723
)
 
—

 
—

 
—

 
—

 
77

 
168

Segment loss/net loss
(22,703
)
 
(14,204
)
 
(67,668
)
 
—

 
(104,575
)
 
71,980

 
—

 
(1,356
)
 
—

 
—

 
(62,666
)
 
(96,617
)
Other significant items:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Segment assets
416,445

 
1,134,196

 
1,669,679

 
—

 
3,220,320

 
(1,496,102
)
 
—

 
417,732

 
—

 
(69,462
)
 
42,094

 
2,114,582

Inventory assets
280,377

 
1,080,074

 
1,115,818

 
—

 
2,476,269

 
(1,115,818
)
 
—

 
—

 
—

 
—

 
—

 
1,360,451

Expenditures for long-lived assets (4)
21,686

 
42,113

 
123,008

 
—

 
186,807

 
(123,008
)
 
—

 
—

 
—

 
—

 
461

 
64,260


(1) Represents the removal of the Great Park Venture’s and Gateway Commercial Venture’s operating results and balances that are included in the Great Park segment and Commercial segment operating results and balances, respectively, but are not included in the Company’s consolidated results and balances.
(2) Represents intersegment balances that eliminate in consolidation.
(3) Corporate and unallocated activity is primarily comprised of corporate general, and administrative expenses and income taxes. Corporate and unallocated assets consist of cash, marketable securities, receivables, prepaids, and deferred equity offering and financing costs.
(4) Expenditures for long-lived inventory assets are net of cost reimbursements and include noncash project accruals and capitalized interest.