XML 56 R40.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Consolidation of a Real Estate Development Company (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Assets and liabilities recognized in the Partnership’s condensed consolidated balance sheets | The assets and liabilities recognized in the Partnership’s condensed consolidated balance sheets as of March 31, 2017 and December 31, 2016 related to Urbplan were as follows:
| As of
| March 31, 2017 |  | December 31, 2016
| (Dollars in millions)
Receivables and inventory of a consolidated real estate VIE: |  |  |
Customer and other receivables | $ | 114.7 |  |  | $ | 99.4 |
Inventory costs in excess of billings and advances | 59.1 |  |  | 46.0 |
| $ | 173.8 |  |  | $ | 145.4 |
Other assets of a consolidated real estate VIE: |  |  |
Restricted investments | $ | 13.8 |  |  | $ | 12.7 |
Fixed assets, net | 0.2 |  |  | 0.2 |
Deferred tax assets | 4.3 |  |  | 9.1 |
Other assets | 14.4 |  |  | 9.5 |
| $ | 32.7 |  |  | $ | 31.5 |
Loans payable of a consolidated real estate VIE, at fair value (principal amount of $141.5 million and $144.4 million as of March 31, 2017 and December 31, 2016, respectively) | $ | 77.8 |  |  | $ | 79.4 |
Other liabilities of a consolidated real estate VIE: |  |  |
Accounts payable | $ | 13.1 |  |  | $ | 14.6 |
Other liabilities | 164.4 |  |  | 109.9 |
| $ | 177.5 |  |  | $ | 124.5 |
Revenues and expenses recognized in the Partnership’s condensed consolidated statements of operations | The revenues and expenses recognized in the Partnership’s condensed consolidated statements of operations for the three months ended March 31, 2017 and 2016, respectively, related to Urbplan were as follows:
| Three Months Ended March 31, 2017 |  | Three Months Ended March 31, 2016
| (Dollars in millions)
Revenue of a consolidated real estate VIE |  |  |
Land development services | $ | 91.8 |  |  | $ | 19.1 |
Investment income | 0.8 |  |  | 5.3 |
| $ | 92.6 |  |  | $ | 24.4 |
Interest and other expenses of a consolidated real estate VIE: |  |  |
Costs of products sold and services rendered | $ | 55.9 |  |  | $ | 10.7 |
Interest expense | 8.9 |  |  | 7.5 |
Change in fair value of loans payable | 0.6 |  |  | 0.7 |
Compensation and benefits | 1.4 |  |  | 1.7 |
G&A and other expenses | 52.8 |  |  | 2.8 |
| $ | 119.6 |  |  | $ | 23.4 |
Outstanding principal amounts on loans based on current contractual terms | Outstanding principal amounts on the loans based on current contractual terms are payable as follows (Dollars in millions):
2017 | $ | 15.5 |
2018 | 14.8 |
2019 | 22.1 |
2020 | 22.0 |
2021 | 20.1 |
Thereafter | 47.0 |
| $ | 141.5 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration