XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Real estate sales $ 6,744 $ 14,019 $ 13,825 $ 19,456
Resorts and leisure revenues 19,793 19,318 28,544 27,121
Leasing revenues 2,321 2,167 4,682 4,212
Timber sales 693 2,342 2,754 4,148
Total revenues 29,551 37,846 49,805 54,937
Expenses:        
Cost of real estate sales 2,975 6,588 4,739 9,723
Cost of resorts and leisure revenues 15,645 14,694 24,964 23,500
Cost of leasing revenues 759 628 1,509 1,262
Cost of timber sales 203 258 413 442
Other operating and corporate expenses 5,725 7,732 12,543 14,849
Depreciation, depletion and amortization 2,101 2,135 4,390 5,050
Total expenses 27,408 32,035 48,558 54,826
Operating income 2,143 5,811 1,247 111
Other income (expense):        
Investment income, net 2,959 5,438 5,689 10,651
Interest expense (3,145) (2,645) (6,180) (5,522)
Claim settlement 0 0 12,548 0
Other, net 601 (7,013) 1,050 (6,436)
Total other income (expense) 415 (4,220) 13,107 (1,307)
Income (loss) before income taxes 2,558 1,591 14,354 (1,196)
Income tax expense (978) (1,862) (4,222) (790)
Net income (loss) 1,580 (271) 10,132 (1,986)
Net loss attributable to non-controlling interest 230 47 342 25
Net income (loss) attributable to the Company $ 1,810 $ (224) $ 10,474 $ (1,961)
Basic and Diluted        
Weighted average shares outstanding (in shares) 74,338,023 92,302,636 74,573,517 92,297,467
Net income (loss) per share attributable to the Company (in dollars per share) $ 0.02 $ 0.00 $ 0.14 $ (0.02)