Note 5 - Assets Held for Sale and Real Estate Sales
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6 Months Ended |
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Jun. 30, 2014
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Assets Held For Sale And Real Estate Sales Disclosure [Abstract] | |
Assets Held For Sale And Real Estate Sales Disclosure [Text Block] | 5. Assets Held for Sale and Real Estate Sales At December 31, 2013, assets held for sale consisted of a 4-acre parcel and building that serves as the maintenance facility for the Kapalua Plantation Golf Course. In May 2014, the Company sold the property for $2.3 million and recognized a gain of $1.5 million. The Company utilized $1.9 million of the proceeds to release the Honolua Store from the collateral held under the Wells Fargo credit facility and $0.4 million of the proceeds to repay its term loan with American AgCredit. 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. |