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Discontinued Operations
 9 Months Ended
Sep. 30, 2012
Discontinued Operations  
Discontinued Operations

6.              Discontinued Operations

 

In September 2011, the Company ceased all retail operations at the Kapalua Resort.  At the conclusion of the lease-back arrangements in March 2011, the Company ceased operating the two championship golf courses at the Kapalua Resort.  In December 2009, the Company ceased all agriculture operations.  Accordingly, the operating results including any gains or losses from the disposal of assets related to these former operations have been reported as discontinued operations in the accompanying condensed consolidated financial statements.

 

Revenues and income (loss) before income taxes from discontinued operations were as follows:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

(in thousands)

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

Golf courses

 

$

—

 

$

—

 

$

—

 

$

3,375

 

Retail

 

—

 

290

 

—

 

4,278

 

Total

 

$

—

 

$

290

 

$

—

 

$

7,653

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) from Discontinued Operations

 

 

 

 

 

 

 

 

 

Golf courses

 

$

—

 

$

40

 

$

—

 

$

14,826

 

Retail

 

11

 

(64

)

(14

)

711

 

Agriculture

 

57

 

45

 

79

 

(243

)

Total

 

$

68

 

$

21

 

$

65

 

$

15,294