Discontinued Operations

6 Months Ended

Jun. 30, 2012

Discontinued Operations

Discontinued Operations

6.     Discontinued Operations

In September 2011, the Company ceased all retail operations at the Kapalua Resort.  At the conclusion of the lease-back arrangements in March 2011, the Company ceased operating the two championship golf courses at the Kapalua Resort.  In December 2009, the Company ceased all agriculture operations.  Accordingly, the operating results including any gains or losses from the disposal of assets related to these former operations have been reported as discontinued operations in the accompanying condensed consolidated financial statements.

Revenues and income (loss) before income taxes from discontinued operations were as follows:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2012		2011			2012			2011
	(in thousands)					(in thousands)
Revenues
Golf courses	$	—	$	—		$	—		$	3,375
Retail	—		1,230			—			3,988
Total	$	—	$	1,230		$	—		$	7,363
Income (Loss) from Discontinued Operations
Golf courses	$	—	$	321		$	—		$	14,786
Retail	4		(47		)	(24		)	775
Agriculture	10		(440		)	21			(288		)
Total	$	14	$	(166	)	$	(3	)	$	15,273