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Investment in Unconsolidated Entity (Tables)
6 Months Ended
Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Ashford Inc.
Condensed Consolidated Balance Sheets
(unaudited)
 
 
June 30, 2017
 
December 31, 2016
Total assets
 
$
79,465

 
$
129,797

Total liabilities
 
45,003

 
38,168

Redeemable noncontrolling interests
 
1,766

 
1,480

Total stockholders’ equity of Ashford Inc.
 
32,093

 
37,377

Noncontrolling interests in consolidated entities
 
603

 
52,772

Total equity
 
32,696

 
90,149

Total liabilities and equity
 
$
79,465

 
$
129,797

Our investment in Ashford Inc., at fair value
 
$
9,935

 
$
8,407


Ashford Inc.
Condensed Consolidated Statements of Operations
(unaudited)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Total revenue
 
$
19,639

 
$
18,152

 
$
32,652

 
$
31,561

Total operating expenses
 
(18,221
)
 
(20,344
)
 
(33,370
)
 
(34,265
)
Operating income (loss)
 
1,418

 
(2,192
)
 
(718
)
 
(2,704
)
Realized and unrealized gain (loss) on investment in unconsolidated entity
 

 

 

 
(1,460
)
Realized and unrealized gain (loss) on investments
 
(16
)
 
236

 
(91
)
 
(5,448
)
Other
 
10

 
22

 
128

 
(80
)
Income tax (expense) benefit
 
(8,643
)
 
655

 
(9,273
)
 
15

Net income (loss)
 
(7,231
)
 
(1,279
)
 
(9,954
)
 
(9,677
)
(Income) loss from consolidated entities attributable to noncontrolling interests
 
190

 
(182
)
 
165

 
6,366

Net (income) loss attributable to redeemable noncontrolling interests
 
332

 
355

 
695

 
473

Net income (loss) attributable to Ashford Inc.
 
$
(6,709
)
 
$
(1,106
)
 
$
(9,094
)
 
$
(2,838
)
Our unrealized gain (loss) on investment in Ashford Inc.
 
$
(1,563
)
 
$
860

 
$
1,528

 
$
(633
)