XML 17 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Revenues:    
Hotel $ 58,566,000 $ 56,811,000
Real estate 428,000 618,000
Total revenues 58,994,000 57,429,000
Costs and operating expenses:    
Hotel operating expenses (47,246,000) (47,016,000)
Legal settlement costs (5,396,000) 0
Real estate operating expenses (166,000) (287,000)
Depreciation and amortization expense (3,036,000) (2,863,000)
General and administrative expense (1,072,000) (961,000)
Total costs and operating expenses (56,916,000) (51,127,000)
Income from operations 2,078,000 6,302,000
Other income (expense):    
Interest expense - mortgage (7,885,000) (7,886,000)
Loss on disposal of assets (30,000) (47,000)
Net loss on marketable securities (3,027,000) (2,009,000)
Net unrealized loss on other investments (63,000) (116,000)
Impairment loss on other investments (354,000) (432,000)
Dividend and interest income 14,000 522,000
Trading and margin interest expense (222,000) (478,000)
Net other expense (11,567,000) (10,446,000)
Loss before income taxes (9,489,000) (4,144,000)
Income tax benefit 2,697,000 1,081,000
Net loss (6,792,000) (3,063,000)
Less: Net loss attributable to the noncontrolling interest 1,832,000 576,000
Net loss attributable to Santa Fe $ (4,960,000) $ (2,487,000)
Basic and diluted loss per share attributable to Santa Fe (in dollars per share) $ (3.99) $ (2)
Weighted average number of common shares outstanding (in shares) 1,241,810 1,241,810