XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Real estate, at cost $ 1,026,235 $ 954,390
Real estate subject to sales contracts at cost 49,155 49,155
Less accumulated depreciation (165,681) (150,038)
Total real estate 909,709 853,507
Notes and interest receivable    
Performing (including $127,909 in 2016 and $125,915 from related parties) 136,111 137,280
Less allowance for estimated losses (including $15,537 in 2016 and 2015 from related parties) (17,037) (17,037)
Total notes and interest receivable 119,074 120,243
Cash and cash equivalents 7,343 15,232
Restricted cash 33,598 45,711
Investments in unconsolidated subsidiaries and investees 6,024 8,365
Receivable from related party 14,260 28,147
Other assets 49,388 46,163
Total assets 1,139,396 1,117,368
Liabilities:    
Notes and interest payable 827,789 797,962
Notes related to assets held for sale 376 376
Notes related to assets subject to sales contracts 5,815 6,422
Deferred revenue (including $70,915 in 2016 and $70,892 in 2015 from sales to related parties) 91,370 91,336
Accounts payable and other liabilities (including $10,586 in 2016 and $10,013 in 2015 to related parties) 43,312 44,383
Total Liabilities 968,662 940,479
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 2,000,614 and 2,461,252 shares in 2016 and 2015 (liquidation preference $10 per share), including 900,000 shares in 2016 and 2015 held by ARL or subsidiaries. 2,205 2,205
Common stock, $0.01 par value, authorized 100,000,000 shares; issued 15,930,145 and 14,443,404 shares; outstanding 15,514,360 and 14,027,619 shares in 2016 and 2015, respectively; including 140,000 shares held by TCI (consolidated) in 2016 and 2015. 156 156
Treasury stock at cost; 415,785 shares (6,395) (6,395)
Paid-in capital 109,036 109,861
Retained earnings 12,660 17,130
Total American Realty Investors, Inc. shareholders' equity 117,662 122,957
Non-controlling interest 53,072 53,932
Total shareholders' equity 170,734 176,889
Total liabilities and shareholders' equity $ 1,139,396 $ 1,117,368