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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Rental and other property revenues (including $17 and $340 for the three months and $50 and $1,026 for the nine months ended 2011 and 2010 respectively from affiliates and related parties)$ 34,590$ 32,406$ 101,974$ 98,416
Expenses:    
Property operating expenses (including $355 and $382 for the three months and $1,240 and $1,132 for the nine months ended 2011 and 2010 respectively from affiliates and related parties)19,66619,44657,39059,479
Depreciation and amortization5,7686,17317,39518,032
General and administrative (including $1,011 and $647 for the three months and $2,429 and $3,066 for the nine months ended 2011 and 2010 respectively from affiliates and related parties)3,8162,18011,1017,456
Provision on impairment of notes receivable and real estate assets  5,622 
Advisory fee to affiliate3,2413,97210,22512,017
Total operating expenses32,49131,771101,73396,984
Operating income2,0996352411,432
Other income (expense):    
Interest income (including $448 and $792 for the three months and $2,051 and $2,959 for the nine months ended 2011 and 2010 respectively from affiliates and related parties)1,0399972,9103,825
Other income1156411,8811,857
Mortgage and loan interest (including $48 and $708 for the three months and $1,628 and $2,443 for the nine months ended 2011 and 2010 respectively from affiliates and related parties)(15,041)(16,479)(47,283)(52,324)
Gain on sale of investments91 91673
Gain (loss) on foreign currency translation (11) 222
Earnings from unconsolidated subsidiaries and investees(30)(3)(104)(96)
Total other expenses(13,826)(14,855)(42,505)(45,843)
Loss before gain on land sales, non-controlling interest, and taxes(11,727)(14,220)(42,264)(44,411)
Gain (loss) on land sales(942)(72)18,431(4,187)
Loss from continuing operations before tax(12,669)(14,292)(23,833)(48,598)
Income tax expense(2,867)(1,099)(5,335)(1,477)
Net loss from continuing operations(15,536)(15,391)(29,168)(50,075)
Discontinued operations:    
Loss from discontinued operations(64)(3,480)(4,831)(6,248)
Gain on sale of real estate from discontinued operations8,2566,61920,07312,279
Income tax benefit from discontinued operations2,8671,0995,3352,111
Net income from discontinued operations11,0594,23820,5778,142
Net loss(4,477)(11,153)(8,591)(41,933)
Net loss attributable to non-controlling interest4,8302,14014,1757,260
Net income (loss) attributable to American Realty Investors, Inc.353(9,013)5,584(34,673)
Preferred dividend requirement(613)(626)(1,843)(1,870)
Net income (loss) applicable to common shares(260)(9,639)3,741(36,543)
Earnings per share - basic    
Loss from continuing operations$ (0.98)$ (1.21)$ (1.46)$ (3.88)
Income from discontinued operations$ 0.96$ 0.37$ 1.79$ 0.71
Net income (loss) applicable to common shares$ (0.02)$ (0.84)$ 0.33$ (3.17)
Earnings per share - diluted    
Loss from continuing operations$ (0.98)$ (1.21)$ (1.46)$ (3.88)
Income from discontinued operations$ 0.96$ 0.37$ 1.79$ 0.71
Net income (loss) applicable to common shares$ (0.02)$ (0.84)$ 0.33$ (3.17)
Weighted average common share used in computing earnings per share11,525,38911,485,44411,514,74911,503,163
Weighted average common share used in computing diluted earnings per share11,525,38911,485,44411,514,74911,503,163
Amounts attributable to American Realty Investors, Inc.    
Loss from continuing operations(10,706)(13,251)(14,993)(42,815)
Income from discontinued operations11,0594,23820,5778,142
Net income (loss)$ 353$ (9,013)$ 5,584$ (34,673)