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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Real estate sales $ 4,880 $ 3,919 $ 24,337 $ 630,574
Resorts and leisure revenues 18,537 16,913 45,657 40,392
Leasing revenues 2,528 2,054 6,741 4,931
Timber sales 1,885 1,061 6,033 10,300
Total revenues 27,830 23,947 82,768 686,197
Expenses:        
Cost of real estate sales 2,480 2,068 12,204 84,592
Cost of resorts and leisure revenues 14,720 13,743 38,220 34,424
Cost of leasing revenues 734 585 1,996 1,435
Cost of timber sales 201 243 643 4,337
Other operating and corporate expenses 9,847 6,469 24,696 22,255
Administrative costs associated with special purpose entities 0 0 0 3,746
Depreciation, depletion and amortization 2,231 2,174 7,281 6,213
Total expenses 30,213 25,282 85,040 157,002
Operating (loss) income (2,383) (1,335) (2,272) 529,195
Other income (expense):        
Investment income, net 9,125 3,367 19,776 7,592
Interest expense (2,875) (2,950) (8,397) (5,839)
Other, net 135 387 (6,302) 1,734
Total other income 6,385 804 5,077 3,487
Income (loss) before equity in loss from unconsolidated affiliates and income taxes 4,002 (531) 2,805 532,682
Equity in loss from unconsolidated affiliates 0 (11) 0 (32)
Income tax (expense) benefit (1,244) 386 (2,034) (115,209)
Net income (loss) 2,758 (156) 771 417,441
Net loss attributable to non-controlling interest 14 106 39 112
Net income (loss) attributable to the Company $ 2,772 $ (50) $ 810 $ 417,553
Basic and Diluted        
Weighted average shares outstanding (in shares) 92,026,894 92,295,213 92,088,253 92,297,467
Net income (loss) per share attributable to the Company (in dollars per share) $ 0.03 $ 0.00 $ 0.01 $ 4.52