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Assets Held for Sale
9 Months Ended
Sep. 30, 2019
Real Estate Assets Held For Development And Sale [Abstract]  
Assets Held for Sale

Note 14 – Assets Held for Sale

 

Assets held for sale consist of approximately 16 acres of raw land located in Plano, Texas, that the Company is in the process of selling.  The land was originally acquired as a site to construct a future corporate headquarters. The Company decided that its existing headquarters is adequate and construction of a new headquarters building is not necessary.  The Company has been actively marketing the land and has a signed contract to sell the land to an unaffiliated third party for cash.  During the second quarter of 2019, the buyer received necessary local zoning approval for its building plans.  We anticipate the sale will close within the next 12 months.  We have not recorded any impairment charges in connection with the land.