XML 58 R46.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Information  
Schedule of Information by Business Segment

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

    

Operating revenue:

 

  

 

  

 

  

 

  

 

Residential

$

23,010

$

32,572

$

55,725

$

53,152

Hospitality

 

29,370

 

22,463

 

45,607

 

35,457

Commercial

 

15,324

 

16,826

 

30,721

 

24,080

Other

 

546

 

378

 

1,068

 

856

Consolidated operating revenue

$

68,250

$

72,239

$

133,121

$

113,545

Income (loss) before equity in income (loss) from unconsolidated joint ventures and income taxes:

 

  

 

  

 

  

 

  

Residential

$

10,412

$

19,485

$

27,600

$

28,197

Hospitality

 

5,746

 

5,421

 

4,783

 

5,705

Commercial (a) (b)

 

4,828

 

10,345

 

9,541

 

10,244

Other (c)

 

618

 

(2,927)

 

(1,835)

 

(7,344)

Consolidated income before equity in income (loss) from unconsolidated joint ventures and income taxes

$

21,604

$

32,324

$

40,089

$

36,802

(a)The six months ended June 30, 2022, includes a gain of $0.4 million on land contributed to the Electric Cart Watersound JV. See Note 4. Joint Ventures and Note 17. Other Income, Net for additional information.
(b)The three and six months ended June 30, 2021, includes a gain of $3.1 million on land contributed to the Watersound Fountains Independent Living JV. See Note 4. Joint Ventures and Note 17. Other Income, Net for additional information.
(c)Includes gain on insurance recovery of $2.5 million and $0.5 million during the three months ended June 30, 2022 and 2021, respectively, and gain on insurance recovery of $3.2 million and $1.4 million during the six months ended June 30, 2022 and 2021, respectively, related to Hurricane Michael. See Note 7. Hurricane Michael for additional information.

    

June 30, 

    

December 31, 

2022

2021

Total assets:

 

  

 

  

Residential

$

198,573

$

192,290

Hospitality

 

323,330

 

256,751

Commercial

 

430,995

 

378,118

Other

 

366,927

 

380,992

Total assets

$

1,319,825

$

1,208,151