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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Real estate, at cost $ 1,120,122 $ 1,170,214
Real estate held for sale at cost, net of depreciation ($1,752 or 2011 and $0 for 2010 ) 15,015  
Real estate subject to sales contracts at cost, net of depreciation ($9,790 for 2011 and $75,639 for 2010) 49,982 295,921
Less accumulated depreciation (158,489) (133,550)
Total real estate 1,026,630 1,332,585
Notes and interest receivable    
Performing (including $104,969 in 2011 and $89,982 in 2010 from affiliates and related parties) 110,136 99,839
Non-performing 4,787 3,123
Less allowance for estimated losses (including $8,962 and $9,926 in 2011 and 2010 from affiliates and related parties) (13,383) (14,348)
Total notes and interest receivable 101,540 88,614
Cash and cash equivalents 20,312 12,649
Investments in unconsolidated subsidiaries and investees 10,746 12,491
Other assets (including $11 in 2011 and $164 in 2010 from affiliates and related parties) 76,243 110,936
Total assets 1,235,471 1,557,275
Liabilities and Shareholders' Equity    
Notes and interest payable 855,619 913,134
Notes related to assets held for sale 13,830  
Notes related to assets subject to sales contracts 44,516 315,547
Stock-secured notes payable 26,898 23,100
Affiliate payables 10,294 12,219
Deferred revenue (including $71,964 in 2011 and $90,496 in 2010 from sales to related parties) 78,750 98,504
Accounts payable and other liabilities (including $1,822 in 2011 and $1,558 in 2010 to affiliates and related parties) 110,307 88,506
Total liabilities 1,140,214 1,451,010
Shareholders' equity:    
Preferred stock, $2.00 par value, authorized 15,000,000 shares, issued and outstanding Series A, 3,353,954 shares in 2011 and $3,389,546 in 2010 (liquidation preference $10 per share), including 900,000 shares in 2011 and 2010 held by subsidiaries 4,908 4,979
Common stock, $.01 par value, authorized 100,000,000 shares; issued 11,941,174 and 11,874,138, and outstanding 11,525,389 and 11,466,853 shares in 2011 and in 2010 115 114
Treasury stock at cost; 415,785 and 407,285 shares in 2011 and 2010 and 236,587 and 276,972 shares held by TCI (consolidated) as of 2011 and 2010 (6,395) (6,333)
Paid-in capital 105,388 110,419
Retained earnings (47,486) (47,776)
Accumulated other comprehensive loss (786) (786)
Total American Realty Investors, Inc. shareholders' equity 55,744 60,617
Non-controlling interest 39,513 45,648
Total equity 95,257 106,265
Total liabilities and equity $ 1,235,471 $ 1,557,275