Operating Segment Information

6 Months Ended

Jun. 30, 2011

Operating Segment Information

Operating Segment Information

13.  Operating Segment Information

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2011			2010			2011			2010
	(in thousands)
Operating Revenues
Community Development	$	2,659		$	2,775		$	5,180		$	6,628
Resort	2,431			3,408			6,316			7,140
Other	142			100			152			103
Total Operating Revenues	$	5,232		$	6,283		$	11,648		$	13,871
Operating Profit (Loss)
Community Development	$	(650	)	$	(70	)	$	(1,261	)	$	736
Resort	(1,093		)	(2,019		)	(2,087		)	(4,993		)
Other	80			984			24			1,854
Total Operating Loss	(1,663		)	(1,105		)	(3,324		)	(2,403		)
Interest Expense, net	(463		)	(1,956		)	(1,134		)	(4,711		)
Income Tax Expense	—			—			—			(85		)
Loss from Continuing Operations	(2,126		)	(3,061		)	(4,458		)	(7,199		)
Income (Loss) from Discontinued Operations (Note 6)	(336		)	(1,526		)	14,421			(93		)
Net Income (Loss)	$	(2,462	)	$	(4,587	)	$	9,963		$	(7,292	)