Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Financial information for the Company’s operations before taxes and non-controlling interests

Financial information for the Company’s operations before taxes and non-controlling interests for the years ended December 31, 2018, 2017 and 2016 follows:

				Real			Corporate
	Tobacco			Estate			and Other				Total
2018
Revenues	$	1,111,094		$	759,168		$	—			$	1,870,262
Operating income (loss)	246,527		(1)	3,435		(4)	(25,913		)		224,049
Equity in earnings from real estate ventures	—			14,446			—				14,446
Identifiable assets	315,706			539,828		(5)	693,970			(6)	1,549,504
Depreciation and amortization	8,210			9,580			1,017				18,807
Capital expenditures	4,599			13,061			22				17,682
2017
Revenues	$	1,080,950		$	727,364		$	(838	)		$	1,807,476
Operating income (loss)	240,400		(2)	21,439			(26,191		)		235,648
Equity in earnings from real estate ventures	—			21,395			—				21,395
Identifiable assets	309,316			558,776		(5)	460,186			(6)	1,328,278
Depreciation and amortization	8,826			8,511			1,277				18,614
Capital expenditures	3,705			16,129			35				19,869
2016
Revenues	$	1,011,620		$	680,105		$	(776	)		$	1,690,949
Operating income (loss)	237,524		(3)	23,001			(26,020		)		234,505
Equity in earnings from real estate ventures	—			5,200			—				5,200
Identifiable assets	328,349			573,350		(5)	502,336			(6)	1,404,035
Depreciation and amortization	10,224			10,485			1,650				22,359
Capital expenditures	6,445			20,160			86				26,691

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⁽¹⁾  Operating income includes $6,298 of income from MSA Settlement, and $685 of litigation judgment expense.

⁽²⁾  Operating income includes $2,721 of income from MSA Settlement and $6,591 of litigation judgment expense.

⁽³⁾  Operating income includes $247 of expense from MSA Settlement, $20,000 of litigation settlement and judgment expense, $41 of restructuring expense.

⁽⁴⁾  Operating income includes $2,469 of litigation judgment income.

⁽⁵⁾  Includes real estate investments accounted for under the equity method of accounting of $141,105, $188,131 and $221,258 as of December 31, 2018, 2017 and 2016, respectively.

⁽⁶⁾ 

Corporate and Other identifiable assets primarily includes cash of $474,974, investment securities of $131,569, equity securities at fair value that qualify for the NAV practical expedient of $54,628, and equity-method investments of $11,631 as of December 31, 2018. Corporate and other identifiable assets primarily includes cash of $195,053, investment securities of $150,489, long-term investments accounted at cost of $65,450, and long-term investments accounted for under the equity method of accounting of $15,841 as of December 31, 2017. Corporate and other identifiable assets primarily includes cash of $280,691, investment securities of $156,903, long-term investments accounted at cost of $34,975, and long-term investments accounted for under the equity method of accounting of $17,721 as of December 31, 2016.