XML 53 R36.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Investment in Unconsolidated Entity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Summarized financial information | The following tables summarize the condensed balance sheets as of December 31, 2017 and 2016, and the condensed statements of operations for the years ended December 31, 2017, 2016 and 2015, of Ashford Inc. (in thousands): Ashford Inc. Condensed Consolidated Balance Sheets
|  | December 31, 2017 |  | December 31, 2016
Total assets |  | $ | 114,810 |  |  | $ | 129,797 |
Total liabilities |  | 78,742 |  |  | 38,168 |
Redeemable noncontrolling interests |  | 5,111 |  |  | 1,480 |
Total stockholders’ equity of Ashford Inc. |  | 30,185 |  |  | 37,377 |
Noncontrolling interests in consolidated entities |  | 772 |  |  | 52,772 |
Total equity |  | 30,957 |  |  | 90,149 |
Total liabilities and equity |  | $ | 114,810 |  |  | $ | 129,797 |
Our investment in Ashford Inc., at fair value |  | $ | 18,124 |  |  | $ | 8,407 |
Ashford Inc. Condensed Consolidated Statements of Operations
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
Total revenue |  | $ | 81,573 |  |  | $ | 67,607 |  |  | $ | 58,981 |
Total operating expenses |  | (92,095 | ) |  | (70,064 | ) |  | (60,332 | )
Operating loss |  | (10,522 | ) |  | (2,457 | ) |  | (1,351 | )
Realized and unrealized gain (loss) on investment in unconsolidated entity |  | — |  |  | (1,460 | ) |  | (2,141 | )
Realized and unrealized gain (loss) on investments |  | (91 | ) |  | (7,787 | ) |  | (7,600 | )
Other |  | 142 |  |  | 81 |  |  | 1,114 |
Income tax (expense) benefit |  | (9,723 | ) |  | (780 | ) |  | (2,066 | )
Net income (loss) |  | (20,194 | ) |  | (12,403 | ) |  | (12,044 | )
(Income) loss from consolidated entities attributable to noncontrolling interests |  | 358 |  |  | 8,860 |  |  | 10,852 |
Net (income) loss attributable to redeemable noncontrolling interests |  | 1,484 |  |  | 1,147 |  |  | 2 |
Net gain (loss) attributable to Ashford Inc. |  | $ | (18,352 | ) |  | $ | (2,396 | ) |  | $ | (1,190 | )
Our unrealized gain (loss) on investment in Ashford Inc. |  | $ | 9,717 |  |  | $ | (1,970 | ) |  | $ | (7,609 | )

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 Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration