XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Revenues:        
Hotel $ 12,274,000 $ 10,970,000 $ 25,579,000 $ 23,106,000
Real estate 4,158,000 4,078,000 8,236,000 7,753,000
Total revenues 16,432,000 15,048,000 33,815,000 30,859,000
Costs and operating expenses:        
Hotel operating expenses (9,493,000) (9,398,000) (19,025,000) (18,562,000)
Hotel restructuring costs (7,295,000) 0 (7,295,000) 0
Hotel occupancy tax - penalty fees (1,084,000) 0 (1,084,000) 0
Real estate operating expenses (2,266,000) (2,197,000) (4,544,000) (4,359,000)
Depreciation and amortization expense (1,284,000) (1,145,000) (2,468,000) (2,277,000)
General and administrative expense (484,000) (472,000) (1,011,000) (1,035,000)
Total costs and operating expenses (21,906,000) (13,212,000) (35,427,000) (26,233,000)
Income (loss) from operations (5,474,000) 1,836,000 (1,612,000) 4,626,000
Other income (expense):        
Interest expense - mortgage (1,529,000) (1,644,000) (2,936,000) (3,343,000)
Interest expense - occupancy tax (328,000) 0 (328,000) 0
Loss on extinguishment of debt (3,910,000) 0 (3,910,000) 0
Loss on disposal of assets (1,092,000) 0 (1,092,000) 0
Net gain (loss) on marketable securities 615,000 (2,108,000) 768,000 (583,000)
Net unrealized loss on other investments and derivative instruments (6,000) (48,000) (6,000) (238,000)
Dividend and interest income 501,000 541,000 515,000 569,000
Trading and margin interest expense (422,000) (432,000) (892,000) (825,000)
Other expense, net (6,171,000) (3,691,000) (7,881,000) (4,420,000)
Income (loss) before income taxes (11,645,000) (1,855,000) (9,493,000) 206,000
Income tax benefit 2,477,000 568,000 2,017,000 194,000
Net (loss) income (9,168,000) (1,287,000) (7,476,000) 400,000
Less: Net loss (income) attributable to the noncontrolling interest 3,697,000 107,000 2,287,000 (991,000)
Net loss attributable to InterGroup $ (5,471,000) $ (1,180,000) $ (5,189,000) $ (591,000)
Net loss per share from operations        
Basic (in dollars per share) $ (3.87) $ (0.55) $ (3.16) $ 0.17
Diluted (in dollars per share) $ (3.87) $ (0.55) $ (3.16) $ 0.17
Net loss per share attributable to InterGroup        
Basic (in dollars per share) $ (2.31) $ (0.50) $ (2.19) $ (0.25)
Diluted (in dollars per share) $ (2.31) $ (0.50) $ (2.19) $ (0.25)
Weighted average number of basic common shares outstanding (in shares) 2,367,855 2,355,204 2,367,812 2,353,126
Weighted average number of diluted common shares outstanding (in shares) 2,367,855 2,355,204 2,367,812 2,399,502