Revenue Recognition

3 Months Ended

Mar. 31, 2023

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 March 31, 2023
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	28,025	$	—	$	5,914	$	1,065	$	35,004
Hospitality revenue		—		24,499		—		—		24,499
Leasing revenue		5		356		11,396		33		11,790
Timber revenue		—		—		1,698		—		1,698
Total revenue	$	28,030	$	24,855	$	19,008	$	1,098	$	72,991
Timing of Revenue Recognition:
Recognized at a point in time	$	28,025	$	17,401	$	7,612	$	1,065	$	54,103
Recognized over time		—		7,098		—		—		7,098
Over lease term		5		356		11,396		33		11,790
Total revenue	$	28,030	$	24,855	$	19,008	$	1,098	$	72,991

	Three Months Ended March 31, 2022
	Residential		Hospitality		Commercial		Other		Total
Revenue by Major Good/Service:
Real estate revenue	$	32,674	$	—	$	3,618	$	482	$	36,774
Hospitality revenue		—		16,227		94		—		16,321
Leasing revenue		41		11		8,730		40		8,822
Timber revenue		—		—		2,954		—		2,954
Total revenue	$	32,715	$	16,238	$	15,396	$	522	$	64,871
Timing of Revenue Recognition:
Recognized at a point in time	$	32,674	$	9,916	$	6,666	$	482	$	49,738
Recognized over time		—		6,311		—		—		6,311
Over lease term		41		11		8,730		40		8,822
Total revenue	$	32,715	$	16,238	$	15,396	$	522	$	64,871