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Investment in Unconsolidated Entity (Tables)
9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Ashford Inc.
Condensed Consolidated Balance Sheets
(unaudited)
 
 
September 30, 2017
 
December 31, 2016
Total assets
 
$
84,012

 
$
129,797

Total liabilities
 
49,754

 
38,168

Redeemable noncontrolling interests
 
1,936

 
1,480

Total stockholders’ equity of Ashford Inc.
 
31,862

 
37,377

Noncontrolling interests in consolidated entities
 
460

 
52,772

Total equity
 
32,322

 
90,149

Total liabilities and equity
 
$
84,012

 
$
129,797

Our investment in Ashford Inc., at fair value
 
$
11,810

 
$
8,407


Ashford Inc.
Condensed Consolidated Statements of Operations
(unaudited)
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Total revenue
 
$
19,255

 
$
16,538

 
$
51,907

 
$
48,099

Total operating expenses
 
(21,595
)
 
(16,673
)
 
(54,965
)
 
(50,938
)
Operating income (loss)
 
(2,340
)
 
(135
)
 
(3,058
)
 
(2,839
)
Realized and unrealized gain (loss) on investment in unconsolidated entity
 

 

 

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

 
(441
)
 
(91
)
 
(5,889
)
Other
 
57

 
59

 
185

 
(21
)
Income tax (expense) benefit
 
25

 
(575
)
 
(9,248
)
 
(560
)
Net income (loss)
 
(2,258
)
 
(1,092
)
 
(12,212
)
 
(10,769
)
(Income) loss from consolidated entities attributable to noncontrolling interests
 
102

 
486

 
267

 
6,852

Net (income) loss attributable to redeemable noncontrolling interests
 
300

 
321

 
995

 
794

Net income (loss) attributable to Ashford Inc.
 
$
(1,856
)
 
$
(285
)
 
$
(10,950
)
 
$
(3,123
)
Our unrealized gain (loss) on investment in Ashford Inc.
 
$
1,875

 
$
(458
)
 
$
3,403

 
$
(1,091
)