XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES

NOTE 4.     INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES

Investments in unconsolidated subsidiaries, jointly owned companies and other investees in which we have a 20% to 50% interest or otherwise exercise significant influence are carried at cost, adjusted for the Company’s proportionate share of their undistributed earnings or losses, via the equity method of accounting.

Investments accounted for via the equity method consists of the following:

		Percentage ownership as of December 31,
		2017				2016				2015
Gruppa Florentina, LLC(1)			20.00	%			20.00	%			20.00	%
(1) Other investees.

The market values, other than unconsolidated subsidiaries, as of the year ended December 31, 2017, 2016 and 2015 were not determinable as there were no readily traded markets for these entities. The following is a summary of the financial position and results of operations from our investees (dollars in thousands):

		For the Twelve Months Ended December 31,
		2017				2016				2015
Other Investees
Real estate, net of accumulated depreciation		$	12,587			$	13,641			$	13,899
Notes receivable			2,724				9,561				8,457
Other assets			32,176				31,135				30,834
Notes payable			(17,845	)			(9,834	)			(10,883	)
Other liabilities			(5,991	)			(8,284	)			(7,967	)
Shareholders' equity/partners capital			(23,651	)			(36,219	)			(34,340	)
Revenue		$	38,747			$	54,264			$	51,650
Depreciation			(1,279	)			(1,150	)			(1,150	)
Operating expenses			(35,410	)			(49,856	)			(47,143	)
Interest expense			(1,065	)			(793	)			(805	)
Income (loss) from continuing operations		$	993			$	2,465			$	2,552
Income (loss) from discontinued operations			—				—				—
Net  income (loss)		$	993			$	2,465			$	2,552
Company's proportionate share of earnings (1)		$	199			$	493			$	510
(1) Earnings represent continued and discontinued operations

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI http://asc.fasb.org/topic&trid=2196965

+ Details

Name:	us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration