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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Real estate sales $ 14,019 $ 48,895 $ 19,456 $ 626,655
Resorts and leisure revenues 19,318 16,482 27,121 23,479
Leasing revenues 2,167 1,687 4,212 2,877
Timber sales 2,342 1,100 4,148 9,239
Total revenues 37,846 68,164 54,937 662,250
Expenses:        
Cost of real estate sales 6,588 20,422 9,723 82,524
Cost of resorts and leisure revenues 14,694 13,060 23,500 20,682
Cost of leasing revenues 628 433 1,262 850
Cost of timber sales 258 243 442 4,094
Other operating and corporate expenses 7,732 7,278 14,849 15,785
Administrative costs associated with special purpose entities 0 3,746 0 3,746
Depreciation, depletion and amortization 2,135 1,944 5,050 4,039
Total expenses 32,035 47,126 54,826 131,720
Operating income 5,811 21,038 111 530,530
Other (expense) income:        
Investment income, net 5,438 3,951 10,651 4,224
Interest expense (2,645) (2,249) (5,522) (2,889)
Other, net (7,013) 570 (6,436) 1,347
Total other (expense) income (4,220) 2,272 (1,307) 2,682
Income (loss) before equity in loss from unconsolidated affiliates and income taxes 1,591 23,310 (1,196) 533,212
Equity in loss from unconsolidated affiliates 0 (11) 0 (21)
Income tax expense (1,862) (8,690) (790) (115,594)
Net (loss) income (271) 14,609 (1,986) 417,597
Net loss attributable to non-controlling interest 47 0 25 7
Net (loss) income attributable to the Company $ (224) $ 14,609 $ (1,961) $ 417,604
Basic and Diluted        
Weighted average shares outstanding (in shares) 92,302,636 92,295,213 92,297,467 92,294,969
Net (loss) income per share attributable to the Company (in dollars per share) $ 0.00 $ 0.16 $ (0.02) $ 4.52