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Unconsolidated Joint Venture | 6 Months Ended
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Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Unconsolidated Joint Venture | 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 $32 thousand and $125 thousand as of June 30, 2020 and December 31, 2019, respectively, and is included within ‘Prepaid and other assets, net’ in the accompanying Consolidated Balance Sheets. The Company’s share of earnings for the three and six months ended June 30, 2020 from this unconsolidated joint venture of $18 thousand and $15 thousand, respectively, is included in ‘Other income, net’ in the accompanying Consolidated Statement of Operations. During the six months ended June 30, 2020, the Company collected and recorded distributions of $108 thousand from this joint venture as a return on investment. There were no distributions recorded during the three months ended June 30, 2020. The Company’s share of earnings for the three and six months ended June 30, 2019 from this unconsolidated joint venture of $10 thousand and $68 thousand, respectively, is included in ‘Other income, net’ in the accompanying Consolidated Statement of Operations. During the three and six months ended June 30, 2019, the Company collected and recorded distributions of 56 thousand and 114 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 June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Statement of Operations: |  |  |  |  |  |  |
Total net revenue | $ | 64 |  |  | $ | 48 |  |  | $ | 95 |  |  | $ | 196 |
Total expenses | 29 |  |  | 28 |  |  | 66 |  |  | 61 |
Net income | $ | 35 |  |  | $ | 20 |  |  | $ | 29 |  |  | $ | 135 |
Comstock Holding Companies, Inc. share of net income | $ | 18 |  |  | $ | 10 |  |  | $ | 15 |  |  | $ | 68 |

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- References No definition available. + Details
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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