XML 55 R21.htm IDEA: XBRL DOCUMENT v3.20.1
Unconsolidated Joint Venture
3 Months Ended
Mar. 31, 2020
Equity Method Investments And Joint Ventures [Abstract]  
Unconsolidated Joint Venture

15. UNCONSOLIDATED JOINT VENTURE

The Company accounts for its interest in its title insurance joint venture using the equity method of accounting and adjusts the carrying value for its proportionate share of earnings, losses and distributions. The investment in the unconsolidated joint venture was $14 thousand and $74 as of March 31, 2020 and 2019, respectively, and is included within ‘Prepaid and other assets, net’ in the accompanying Consolidated Balance Sheets. The Company’s share of (loss) earnings for the three months ended March 31, 2020 and 2019, from this unconsolidated joint venture of $(3) thousand and $57 thousand, respectively, is included in ‘Other income, net’ in the accompanying Consolidated Statement of Operations. During the three months ended March 31, 2020 and 2019, the Company collected and recorded distributions of $108 thousand and $58 thousand, respectively, from this joint venture as a return on investment.

Summarized financial information for the unconsolidated joint venture is as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Statement of Operations:

 

 

 

 

 

 

 

 

Total net revenue

 

$

31

 

 

$

147

 

Total expenses

 

 

37

 

 

 

33

 

Net (loss)income

 

$

(6

)

 

$

114

 

Comstock Holding Companies, Inc. share of net (loss)income

 

$

(3

)

 

$

57