Revenue Recognition

6 Months Ended

Jun. 30, 2020

Revenue Recognition

Revenue Recognition

15. Revenue Recognition

Revenue consists primarily of real estate sales, hospitality operations, leasing operations, and timber sales. Taxes collected from customers and remitted to governmental authorities (e.g., sales tax) are excluded from revenue, costs and expenses. The following represents revenue disaggregated by segment, good or service and timing:

	Three Months Ended June 30, 2020
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	14,002	$	—	$	2,322	$	1,231	$	17,555
Hospitality revenue		70		11,495		—		—		11,565
Leasing revenue		55		3		4,849		—		4,907
Timber revenue		—		—		2,055		—		2,055
Total revenue	$	14,127	$	11,498	$	9,226	$	1,231	$	36,082
Timing of Revenue Recognition:
Recognized at a point in time	$	14,072	$	10,744	$	4,377	$	1,231	$	30,424
Recognized over time		—		751		—		—		751
Over lease term		55		3		4,849		—		4,907
Total revenue	$	14,127	$	11,498	$	9,226	$	1,231	$	36,082

	Three Months Ended June 30, 2019
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	13,825	$	—	$	1,288	$	440	$	15,553
Hospitality revenue		183		15,377		—		—		15,560
Leasing revenue		11		27		3,636		—		3,674
Timber revenue		—		—		759		—		759
Total revenue	$	14,019	$	15,404	$	5,683	$	440	$	35,546
Timing of Revenue Recognition:
Recognized at a point in time	$	14,008	$	14,597	$	2,047	$	440	$	31,092
Recognized over time		—		780		—		—		780
Over lease term		11		27		3,636		—		3,674
Total revenue	$	14,019	$	15,404	$	5,683	$	440	$	35,546

	Six Months Ended June 30, 2020
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	16,956	$	—	$	5,087	$	1,319	$	23,362
Hospitality revenue		132		18,044		—		—		18,176
Leasing revenue		78		5		9,123		—		9,206
Timber revenue		—		—		3,911		—		3,911
Total revenue	$	17,166	$	18,049	$	18,121	$	1,319	$	54,655
Timing of Revenue Recognition:
Recognized at a point in time	$	17,088	$	16,671	$	8,998	$	1,319	$	44,076
Recognized over time		—		1,373		—		—		1,373
Over lease term		78		5		9,123		—		9,206
Total revenue	$	17,166	$	18,049	$	18,121	$	1,319	$	54,655

	Six Months Ended June 30, 2019
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	17,187	$	—	$	2,399	$	558	$	20,144
Hospitality revenue		335		22,656		—		—		22,991
Leasing revenue		22		52		7,107		—		7,181
Timber revenue		—		—		1,254		—		1,254
Total revenue	$	17,544	$	22,708	$	10,760	$	558	$	51,570
Timing of Revenue Recognition:
Recognized at a point in time	$	17,522	$	21,365	$	3,653	$	558	$	43,098
Recognized over time		—		1,291		—		—		1,291
Over lease term		22		52		7,107		—		7,181
Total revenue	$	17,544	$	22,708	$	10,760	$	558	$	51,570