XML 25 R75.htm IDEA: XBRL DOCUMENT
v3.20.1

OPERATING SEGMENTS (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues | $ 12,258 | $ 11,943 | $ 11,840 | $ 11,929 | $ 24,857 | $ 33,409 | $ 31,607 | $ 31,083 | $ 31,005 | $ 31,807 | $ 31,587 | $ 31,822 | $ 47,970 | $ 120,956 | $ 126,221
Property operating expenses |  |  |  |  |  |  |  |  |  |  |  |  | (25,694) | (59,587) | (64,091)
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  | (13,379) | (22,670) | (25,679)
Loss on debt extinguishment |  |  |  |  |  |  |  |  |  |  |  |  | (5,219) |  |
Gain (loss) on the sale of income producing property |  |  | (80) |  |  |  |  |  | 3,938 | 12,760 |  |  | (80) |  | 16,698
Gain on land sales | 5,400 | 5,139 | 2,517 | 2,216 | 3,826 | 12,243 |  | 1,335 | 3,853 | 1,062 | (476) | 445 | 15,272 | 17,404 | 4,884
Segment operating (loss) income | (3,430) | $ (1,866) | $ (4,377) | $ (1,735) | 140 | $ 5,210 | $ 3,617 | $ 4,918 | 2,713 | $ 5,410 | $ 4,828 | $ 4,477 | (11,408) | 13,885 | 17,428
Real estate assets | 387,790 |  |  |  | 381,043 |  |  |  |  |  |  |  | 387,790 | 381,043 |
Operating Segments [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  |  |  |  |  |  |  |  |  |  |  |  | 47,970 | 120,956 | 126,221
Property operating expenses |  |  |  |  |  |  |  |  |  |  |  |  | (25,694) | (59,587) | (64,091)
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  | (13,379) | (22,670) | (25,679)
Mortgage and loan interest |  |  |  |  |  |  |  |  |  |  |  |  | (39,860) | (66,063) | (66,171)
Loss on debt extinguishment |  |  |  |  |  |  |  |  |  |  |  |  | (5,219) |  |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  | 25,955 | 21,645 | 18,941
Gain (loss) on the sale of income producing property |  |  |  |  |  |  |  |  |  |  |  |  | (80) |  | 16,698
Gain on land sales |  |  |  |  |  |  |  |  |  |  |  |  | 15,272 | 17,404 | 4,884
Segment operating (loss) income |  |  |  |  |  |  |  |  |  |  |  |  | 4,965 | 11,685 | 10,803
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  | 33,747 | 25,199 | (3,806)
Real estate assets | 477,963 |  |  |  | 381,043 |  |  |  | 988,117 |  |  |  | 477,963 | 381,043 | 988,117
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  |  |  |  |  |  |  |  |  |  |  |  | 33,108 | 54,136 | 35,019
Cost of sale |  |  |  |  |  |  |  |  |  |  |  |  | (17,916) | (36,732) | (26,197)
Recognized prior deferred gain |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,760
Gain (loss) on sale |  |  |  |  |  |  |  |  |  |  |  |  | 15,192 | 17,404 | 21,582
Other [Member] | Operating Segments [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  |  |  |  |  |  |  |  |  |  |  |  | 6 | 10 | 17
Property operating expenses |  |  |  |  |  |  |  |  |  |  |  |  | (779) | (556) | (987)
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 33
Mortgage and loan interest |  |  |  |  |  |  |  |  |  |  |  |  | (27,472) | (37,093) | (34,352)
Interest income |  |  |  |  |  |  |  |  |  |  |  |  | 25,955 | 21,645 | 18,941
Segment operating (loss) income |  |  |  |  |  |  |  |  |  |  |  |  | (2,290) | (15,994) | (16,348)
Land [Member] | Operating Segments [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 111
Property operating expenses |  |  |  |  |  |  |  |  |  |  |  |  | (735) | (645) | (878)
Mortgage and loan interest |  |  |  |  |  |  |  |  |  |  |  |  | (1,301) | (636) | (1,945)
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,547
Gain (loss) on the sale of income producing property |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,884
Gain on land sales |  |  |  |  |  |  |  |  |  |  |  |  | 15,272 | 17,404 |
Segment operating (loss) income |  |  |  |  |  |  |  |  |  |  |  |  | 13,236 | 16,124 | 3,719
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  | 3,489 |  | 609
Real estate assets | 70,003 |  |  |  | 84,529 |  |  |  | 123,452 |  |  |  | 70,003 | 84,529 | 123,452
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  |  |  |  |  |  |  |  |  |  |  |  | 30,012 | 43,311 | 29,969
Cost of sale |  |  |  |  |  |  |  |  |  |  |  |  | (14,740) | (25,907) | (23,538)
Gain (loss) on sale |  |  |  |  |  |  |  |  |  |  |  |  | 15,272 | 17,404 | 6,431
Apartments [Member] | Operating Segments [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  |  |  |  |  |  |  |  |  |  |  |  | 15,257 | 87,832 | 92,807
Property operating expenses |  |  |  |  |  |  |  |  |  |  |  |  | (8,375) | (42,134) | (43,677)
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  | (3,150) | (13,140) | (16,354)
Mortgage and loan interest |  |  |  |  |  |  |  |  |  |  |  |  | (4,069) | (20,671) | (22,347)
Gain (loss) on the sale of income producing property |  |  |  |  |  |  |  |  |  |  |  |  | (80) |  | 12,760
Segment operating (loss) income |  |  |  |  |  |  |  |  |  |  |  |  | (417) | 11,887 | 23,189
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  | 25,001 | 16,953 | 1,402
Real estate assets | 178,536 |  |  |  | 143,500 |  |  |  | 727,508 |  |  |  | 178,536 | 143,500 | 727,508
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  |  |  |  |  |  |  |  |  |  |  |  | 3,096 | 8,512 |
Cost of sale |  |  |  |  |  |  |  |  |  |  |  |  | (3,176) | (8,512) |
Recognized prior deferred gain |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,760
Gain (loss) on sale |  |  |  |  |  |  |  |  |  |  |  |  | (80) |  | 12,760
Commercial Properties [Member] | Operating Segments [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  |  |  |  |  |  |  |  |  |  |  |  | 32,707 | 33,113 | 33,286
Property operating expenses |  |  |  |  |  |  |  |  |  |  |  |  | (15,805) | (16,252) | (18,549)
Depreciation |  |  |  |  |  |  |  |  |  |  |  |  | (10,229) | (9,530) | (9,358)
Mortgage and loan interest |  |  |  |  |  |  |  |  |  |  |  |  | (7,018) | (7,663) | (7,527)
Loss on debt extinguishment |  |  |  |  |  |  |  |  |  |  |  |  | (5,219) |  |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,391
Segment operating (loss) income |  |  |  |  |  |  |  |  |  |  |  |  | (5,564) | (332) | 243
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  | 5,257 | 8,246 | (5,817)
Real estate assets | $ 229,424 |  |  |  | $ 153,014 |  |  |  | $ 137,157 |  |  |  | $ 229,424 | 153,014 | 137,157
Property Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales price |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,313 | 5,050
Cost of sale |  |  |  |  |  |  |  |  |  |  |  |  |  | $ (2,313) | (2,659)
Gain (loss) on sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 2,391

X
- Definition This element represents the amount of gain (loss) on sale of land during the reporting period. + References No definition available. + Details
Name: | arl_GainLossOnLandSales
Namespace Prefix: | arl_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt including loan charges and prepayment penalities. + References No definition available. + Details
Name: | arl_MortgageAndLoanInterestIncludingCharges
Namespace Prefix: | arl_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | arl_PropertySalesAbstract
Namespace Prefix: | arl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cost of sales of real estate. + References No definition available. + Details
Name: | arl_RealEstateCostOfSales
Namespace Prefix: | arl_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The selling of price of real estate. + References No definition available. + Details
Name: | arl_RealEstateSalesPrice
Namespace Prefix: | arl_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents information related to recognized prior deferred gain. + References No definition available. + Details
Name: | arl_RecognizedPriorDeferredGain
Namespace Prefix: | arl_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_DepreciationAndAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expense incurred and directly related to generating revenue from leased and rented property or equipment. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(c)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
Name: | us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2443-110228 + Details
Name: | us-gaap_GainLossOnSaleOfProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12317-112629 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(b)(9)(a)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 360 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=117337411&loc=d3e23528-158515 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(b)(7)(c)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(14)(d)) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 360 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=117337397&loc=d3e23439-158514 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(3)(a)) -URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 360 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117337397&loc=d3e23415-158514 + Details
Name: | us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of interest income earned from interest bearing assets classified as other. + References No definition available. + Details
Name: | us-gaap_InterestIncomeOther
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net cash outflow or inflow from purchases, sales and disposals of property, plant and equipment and other productive assets, including intangibles. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
Name: | us-gaap_PaymentsForProceedsFromProductiveAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
Name: | us-gaap_RealEstateInvestmentPropertyNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=arl_OtherMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=arl_LandSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=arl_ApartmentsSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=arl_CommercialSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |