Revenue Recognition

6 Months Ended

Jun. 30, 2021

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, 2021
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	32,528	$	—	$	8,176	$	359	$	41,063
Hospitality revenue		176		22,451		—		—		22,627
Leasing revenue		56		12		6,284		19		6,371
Timber revenue		—		—		2,178		—		2,178
Total revenue	$	32,760	$	22,463	$	16,638	$	378	$	72,239
Timing of Revenue Recognition:
Recognized at a point in time	$	32,704	$	17,741	$	10,354	$	359	$	61,158
Recognized over time		—		4,710		—		—		4,710
Over lease term		56		12		6,284		19		6,371
Total revenue	$	32,760	$	22,463	$	16,638	$	378	$	72,239

	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	$	8,780	$	4,377	$	1,231	$	28,460
Recognized over time		—		2,715		—		—		2,715
Over lease term		55		3		4,849		—		4,907
Total revenue	$	14,127	$	11,498	$	9,226	$	1,231	$	36,082

	Six Months Ended June 30, 2021
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	53,067	$	—	$	8,211	$	838	$	62,116
Hospitality revenue		257		35,437		—		—		35,694
Leasing revenue		97		20		11,831		18		11,966
Timber revenue		—		—		3,769		—		3,769
Total revenue	$	53,421	$	35,457	$	23,811	$	856	$	113,545
Timing of Revenue Recognition:
Recognized at a point in time	$	53,324	$	26,882	$	11,980	$	838	$	93,024
Recognized over time		—		8,555		—		—		8,555
Over lease term		97		20		11,831		18		11,966
Total revenue	$	53,421	$	35,457	$	23,811	$	856	$	113,545

	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	$	12,767	$	8,998	$	1,319	$	40,172
Recognized over time		—		5,277		—		—		5,277
Over lease term		78		5		9,123		—		9,206
Total revenue	$	17,166	$	18,049	$	18,121	$	1,319	$	54,655