XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Revenues:        
Hotel $ 10,475,000 $ 10,154,000 $ 33,581,000 $ 31,675,000
Real estate 3,904,000 3,649,000 11,657,000 10,789,000
Total revenues 14,379,000 13,803,000 45,238,000 42,464,000
Costs and operating expenses:        
Hotel operating expenses (9,563,000) (8,572,000) (28,125,000) (24,513,000)
Real estate operating expenses (2,101,000) (2,013,000) (6,460,000) (5,925,000)
Depreciation and amortization expense (1,144,000) (1,115,000) (3,421,000) (3,304,000)
General and administrative expense (549,000) (502,000) (1,584,000) (1,400,000)
Total costs and operating expenses (13,357,000) (12,202,000) (39,590,000) (35,142,000)
Income from operations 1,022,000 1,601,000 5,648,000 7,322,000
Other income (expense):        
Interest expense (1,418,000) (1,535,000) (4,761,000) (4,692,000)
Net gain (loss) on marketable securities 257,000 1,454,000 (326,000) (3,387,000)
Net unrealized gain (loss) on other investments and derivative instruments 17,000 (40,000) (221,000) (457,000)
Impairment loss on other investments 0 (52,000) 0 (684,000)
Dividend and interest income 13,000 63,000 582,000 662,000
Trading and margin interest expense (435,000) (442,000) (1,260,000) (1,248,000)
Other expense, net (1,566,000) (552,000) (5,986,000) (9,806,000)
Income gain (loss) before income taxes (544,000) 1,049,000 (338,000) (2,484,000)
Income tax benefit (expense) 60,000 (287,000) 254,000 1,290,000
Income gain (loss) from continuing operations (484,000) 762,000 (84,000) (1,194,000)
Discontinued operations:        
Income from discontinued operations 0 12,000 0 59,000
Gain on sale of real estate 0 1,700,000 0 1,710,000
Income tax expense 0 (720,000) 0 (739,000)
Income from discontinued operations 0 1,002,000 0 1,030,000
Net gain (loss) income (484,000) 1,764,000 (84,000) (164,000)
Less: Net loss (income) attributable to the noncontrolling interest 285,000 (245,000) (706,000) (1,391,000)
Net gain (loss) income attributable to InterGroup $ (199,000) $ 1,519,000 $ (790,000) $ (1,555,000)
Net loss per share from continuing operations        
Basic (in dollars per share) $ (0.21) $ 0.32 $ (0.04) $ (0.50)
Diluted (in dollars per share) $ (0.21) $ 0.31 $ (0.04) $ (0.50)
Net income per share from discontinued operations        
Basic (in dollars per share) $ 0 $ 0.42 $ 0 $ 0.43
Diluted (in dollars per share) $ 0 $ 0.40 $ 0 $ 0.43
Net (loss) income per share attributable to InterGroup        
Basic (in dollars per share) $ (0.08) $ 0.63 $ (0.34) $ (0.65)
Diluted (in dollars per share) $ (0.08) $ 0.61 $ (0.34) $ (0.65)
Weighted average number of basic common shares outstanding 2,355,249 2,404,844 2,353,846 2,403,621
Weighted average number of diluted common shares outstanding 2,355,249 2,476,185 2,353,846 2,403,621