Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Schedule of Miscellaneous Other Income

Miscellaneous other income consisted of the following (in thousands):

	Three Months Ended March 31,
	2019		2018
Gain on sale of golf club operating property	$	—	$	6,700
Gain on insurance claims	—		1,000
Net periodic pension benefit	10		81
Total miscellaneous other income	$	10	$	7,781

Schedule of Application of New Accounting Standard

The cumulative effect of the changes made to the Company’s consolidated January 1, 2019 balance sheet from the adoption of the new lease guidance were as follows (in thousands):

	Balance at December 31, 2018		Adjustments due to ASU No. 2016-02		Balance at January 1, 2019
ASSETS
Related party assets	$	61,039	$	18,811	$	79,850
Other assets	9,179		11,425		20,604
LIABILITIES
Accounts payable and other liabilities	161,139		11,425		172,564
Related party liabilities	178,540		18,811		197,351