Assets Held for Sale and Real Estate Sales

9 Months Ended

Sep. 30, 2013

Assets Held for Sale and Real Estate Sales

Assets Held for Sale and Real Estate Sales

4. Assets Held for Sale and Real Estate Sales

At September 30, 2013, assets held for sale included a 10-acre parcel in West Maui. At December 31, 2012, assets held for sale included a 7-acre parcel in Central Maui and a 630-acre parcel in Upcountry Maui.

In June 2013, the Company sold a 7-acre parcel that was the last of its former agricultural processing facilities in Central Maui for $4.0 million. The sale resulted in a gain of $1.9 million and has been reflected in discontinued operations.

In January 2012, the Company sold an 89-acre former agricultural parcel in Upcountry Maui for $1.5 million. The sale resulted in a gain of $1.4 million.