Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Operating Activities | |||
Net income | $ 5,762us-gaap_ProfitLoss | $ 4,103us-gaap_ProfitLoss | $ 4,283us-gaap_ProfitLoss |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 4,871us-gaap_DepreciationDepletionAndAmortization | 4,226us-gaap_DepreciationDepletionAndAmortization | 4,954us-gaap_DepreciationDepletionAndAmortization |
Amortization of premium/discount of marketable securities | 769us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 879us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 874us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments |
Equity in earnings | (5,294)us-gaap_IncomeLossFromEquityMethodInvestments | (4,006)us-gaap_IncomeLossFromEquityMethodInvestments | (2,535)us-gaap_IncomeLossFromEquityMethodInvestments |
Non-cash retirement plan expense | 164us-gaap_PensionAndOtherPostretirementBenefitExpense | 865us-gaap_PensionAndOtherPostretirementBenefitExpense | 1,047us-gaap_PensionAndOtherPostretirementBenefitExpense |
Gain on sale of real estate/assets | 0trc_ProceedsFromDispositionOfRealEstate | (46)trc_ProceedsFromDispositionOfRealEstate | (676)trc_ProceedsFromDispositionOfRealEstate |
Deferred income taxes | 112us-gaap_DeferredIncomeTaxesAndTaxCredits | (8)us-gaap_DeferredIncomeTaxesAndTaxCredits | 1,810us-gaap_DeferredIncomeTaxesAndTaxCredits |
Stock compensation expense | 3,534us-gaap_ShareBasedCompensation | 929us-gaap_ShareBasedCompensation | 5,440us-gaap_ShareBasedCompensation |
Excess tax benefit from stock-based compensation | 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | 8us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
Distribution of earnings from unconsolidated joint ventures | 0us-gaap_EquityMethodInvestmentDividendsOrDistributions | 0us-gaap_EquityMethodInvestmentDividendsOrDistributions | 7,200us-gaap_EquityMethodInvestmentDividendsOrDistributions |
Changes in operating assets and liabilities: | |||
Receivables, inventories, prepaids and other assets, net | 2,291us-gaap_IncreaseDecreaseInOperatingAssets | 3,712us-gaap_IncreaseDecreaseInOperatingAssets | (1,761)us-gaap_IncreaseDecreaseInOperatingAssets |
Current liabilities, net | 1,009us-gaap_IncreaseDecreaseInOperatingLiabilities | (1,118)us-gaap_IncreaseDecreaseInOperatingLiabilities | (6,552)us-gaap_IncreaseDecreaseInOperatingLiabilities |
Net cash provided by operating activities | 13,218us-gaap_NetCashProvidedByUsedInOperatingActivities | 9,536us-gaap_NetCashProvidedByUsedInOperatingActivities | 14,092us-gaap_NetCashProvidedByUsedInOperatingActivities |
Investing Activities | |||
Maturities and sales of marketable securities | 20,844us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities | 29,779us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities | 19,809us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities |
Funds invested in marketable securities | (8,525)us-gaap_PaymentsToAcquireMarketableSecurities | (21,392)us-gaap_PaymentsToAcquireMarketableSecurities | (16,984)us-gaap_PaymentsToAcquireMarketableSecurities |
Property and equipment expenditures | (24,775)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (21,558)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (20,669)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Reimbursement of outlet center costs | 0trc_PaymentsForProceedsFromOtherInvestingActivitiesBusinessTwo | 512trc_PaymentsForProceedsFromOtherInvestingActivitiesBusinessTwo | 0trc_PaymentsForProceedsFromOtherInvestingActivitiesBusinessTwo |
Reimbursement proceeds from Communities Facilities District | 0trc_PaymentsForProceedsFromOtherInvestingActivitiesBusinessThree | 17,809trc_PaymentsForProceedsFromOtherInvestingActivitiesBusinessThree | 0trc_PaymentsForProceedsFromOtherInvestingActivitiesBusinessThree |
Proceeds from sale of real estate | 0us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment | 0us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment | 0us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment |
Investment in unconsolidated joint ventures | (9,656)us-gaap_PaymentsToAcquireInterestInJointVenture | (3,415)us-gaap_PaymentsToAcquireInterestInJointVenture | (6,154)us-gaap_PaymentsToAcquireInterestInJointVenture |
Purchase of partner interest in TMV LLC | (70,000)us-gaap_PaymentsToAcquireLimitedPartnershipInterests | 0us-gaap_PaymentsToAcquireLimitedPartnershipInterests | 0us-gaap_PaymentsToAcquireLimitedPartnershipInterests |
Distribution of equity from unconsolidated joint ventures | 0us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital | 1,000us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital | 1,512us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital |
Investments in long-term water assets | (480)us-gaap_PaymentsToAcquireOtherInvestments | (9,635)us-gaap_PaymentsToAcquireOtherInvestments | (797)us-gaap_PaymentsToAcquireOtherInvestments |
Other | 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (711)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 10us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
Net cash used in investing activities | (92,592)us-gaap_NetCashProvidedByUsedInInvestingActivities | (7,611)us-gaap_NetCashProvidedByUsedInInvestingActivities | (23,273)us-gaap_NetCashProvidedByUsedInInvestingActivities |
Financing Activities | |||
Borrowings of line of credit | 31,050us-gaap_ProceedsFromShortTermDebt | 0us-gaap_ProceedsFromShortTermDebt | 1,500us-gaap_ProceedsFromShortTermDebt |
Repayments of line of credit | (24,200)us-gaap_RepaymentsOfShortTermDebt | 0us-gaap_RepaymentsOfShortTermDebt | (1,500)us-gaap_RepaymentsOfShortTermDebt |
Borrowings of long-term debt | 70,000us-gaap_ProceedsFromIssuanceOfLongTermDebt | 4,750us-gaap_ProceedsFromIssuanceOfLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfLongTermDebt |
Repayments of long-term debt | (244)us-gaap_RepaymentsOfLongTermDebt | (310)us-gaap_RepaymentsOfLongTermDebt | (39)us-gaap_RepaymentsOfLongTermDebt |
Proceeds from exercise of stock options | 0us-gaap_ProceedsFromStockOptionsExercised | 211us-gaap_ProceedsFromStockOptionsExercised | 370us-gaap_ProceedsFromStockOptionsExercised |
Taxes on vested stock grants | (625)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (4,764)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (2,303)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
Net cash provided by (used in) financing activities | 75,981us-gaap_NetCashProvidedByUsedInFinancingActivities | (113)us-gaap_NetCashProvidedByUsedInFinancingActivities | (1,972)us-gaap_NetCashProvidedByUsedInFinancingActivities |
Increase (decrease) in cash and cash equivalents | (3,393)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 1,812us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (11,153)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents at beginning of year | 9,031us-gaap_CashAndCashEquivalentsAtCarryingValue | 7,219us-gaap_CashAndCashEquivalentsAtCarryingValue | 18,372us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents at end of year | 5,638us-gaap_CashAndCashEquivalentsAtCarryingValue | 9,031us-gaap_CashAndCashEquivalentsAtCarryingValue | 7,219us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental cash flow information | |||
Increase in construction in progress attributable to the reclassification of equity in investment of TMV LLC | 44,950us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 | 0us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 | 0us-gaap_NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 |
Accrued capital expenditures included in current liabilities | 1,096us-gaap_CapitalExpendituresIncurredButNotYetPaid | 2,058us-gaap_CapitalExpendituresIncurredButNotYetPaid | 2,293us-gaap_CapitalExpendituresIncurredButNotYetPaid |
Sale of assets accounted as direct finance leases | 0us-gaap_NotesIssued1 | 0us-gaap_NotesIssued1 | 913us-gaap_NotesIssued1 |
Taxes paid (net of refunds) | (2,384)us-gaap_IncomeTaxesPaidNet | 15us-gaap_IncomeTaxesPaidNet | 4,021us-gaap_IncomeTaxesPaidNet |
Common stock issued for water purchase | $ 0us-gaap_StockIssued1 | $ 9,370us-gaap_StockIssued1 | $ 0us-gaap_StockIssued1 |
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Payments for (Proceeds from) Other Investing Activities, Business Three No definition available.
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Payments for (Proceeds from) Other Investing Activities, Business Two No definition available.
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- Definition
Gain from sale of real estate No definition available.
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- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of assets used to generate operating income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities that result from activities that generate operating income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of investments that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of notes issued in noncash investing and financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow related to the acquisition or continued holding of limited partnership interests held for investment purposes. No definition available.
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- Definition
Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with other investments held by the entity for investment purposes not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period is the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost is accrued during the employee's service period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations that are returns of capital. Excludes dividends or distributions from equity method investments classified as operating activities. No definition available.
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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