XML 78 R67.htm IDEA: XBRL DOCUMENT v3.8.0.1
QUARTERLY RESULTS OF OPERATIONS (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]                              
Total operating revenues $ 31,005 $ 31,807 $ 31,587 $ 31,822 $ 29,557 $ 30,067 $ 30,834 $ 29,205 $ 28,965 $ 27,826 $ 24,241 $ 23,156 $ 126,221 $ 119,663 $ 104,188
Total operating expenses 28,292 26,397 26,759 27,345 26,664 26,272 26,212 25,881 30,596 25,741 20,388 21,155 108,793 105,029 97,880
Operating income 2,713 5,410 4,828 4,477 2,893 3,795 4,622 3,324 (1,631) 2,085 3,853 2,001 17,428 14,634 6,308
Other expense (11,853) (9,348) (15,676) (10,829) (10,447) (9,252) (8,156) (8,470) (12,993) (11,152) (5,139) (2,338) (47,706) (36,325) (31,622)
Loss before gain on sales, non-contolling interest, and taxes (9,140) (3,938) (10,848) (6,352) (7,554) (5,457) (3,534) (5,146) (14,624) (9,067) (1,286) (337) (8,696) (2,363) (3,666)
Gain (loss) on sale of income producing properties 3,938 12,760 11,283 5,168 (244)              
Gain (loss) on land sales 3,853 1,062 (476) 445 (805) 555 1,719 1,652 13,787 1,958 3,027 2,876 4,884 3,121 21,648
Income tax benefit (expense) (180) (46) (882) 274 (12) 103 180 46 517
Net income (loss) from continued operations (1,529) 9,884 (11,324) (5,907) 2,924 (4,948) 3,353 (3,738) (1,719) (6,835) 1,729 2,642 (8,876) (2,409) (4,183)
Net loss from discontinued operations (3) 2 220 508 (22) 190   (1) 896
Net income (loss) (1,529) 9,884 (11,324) (5,907) 2,921 (4,948) 3,353 (3,736) (1,499) (6,327) 1,707 2,832 (8,876) (2,410) (3,287)
Less: net (income) loss attributable to non-controlling interest 339 (522) 435 193 (1,182) 1,194 (864) 530 195 1,164 (540) 508 (445) 322 (1,327)
Preferred dividend requirement (280) (275) (275) (275) (276) (275) (53) (497) (276) (275) (275) (390) (1,105) (1,101) (1,216)
Net income (loss) applicable to common shares $ (1,470) $ 9,087 $ (11,164) $ (5,989) $ 1,463 $ (4,029) $ 2,436 $ (3,703) $ (1,580) $ (5,438) $ 892 $ 2,950 $ (9,536) $ (3,833) $ (3,176)
Earnings per share - basic                              
Loss from continued operations $ (0.09) $ 0.59 $ (0.72) $ (0.39) $ 0.09 $ (0.26) $ 0.16 $ (0.24) $ (0.12) $ (0.38) $ 0.06 $ 0.2 $ (0.61) $ (0.25) $ (0.27)
Income from discontinued operations 0.01 0.03 0.01     $ 0.06
Net income (loss) applicable to common shares $ (0.09) $ 0.59 $ (0.72) $ (0.39) $ 0.09 $ (0.26) $ 0.16 $ (0.24) $ (0.11) $ (0.35) $ 0.06 $ 0.21      
Weighted average common shares used in computing earnings per share 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,367,320 14,027,619 15,514,360 15,514,360 15,111,107
Earnings per share - diluted                              
Loss from continued operations $ (0.09) $ 0.59 $ (0.72) $ (0.39) $ 0.09 $ (0.26) $ 0.16 $ (0.24) $ (0.12) $ (0.38) $ 0.05 $ 0.16 $ (0.61) $ (0.25) $ (0.27)
Income from discontinued operations 0.01 0.03 0.01     0.06
Net income (loss) applicable to common shares $ (0.09) $ 0.59 $ (0.72) $ (0.39) $ 0.09 $ (0.26) $ 0.16 $ (0.24) $ (0.11) $ (0.35) $ 0.05 $ 0.17 $ (0.61) $ (0.25) $ (0.21)
Weighted average common shares used in computing diluted earnings per share 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 15,514,360 17,844,339 17,426,707 15,514,360 15,514,360 15,111,107