XML 35 R24.htm IDEA: XBRL DOCUMENT v3.19.1
OPERATING SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of operating segment information

The Company’s segments by use of property are land and other (dollars in thousands): 

 

For the Twelve Months Ended December 31, 2018   Land     Other     Total  
Operating revenues   $ —     $ —     $ —  
Interest income from related parties     —       4,880       4,880  
Gain on land sales     —       7,323       7,323  
Segment operating income   $ —     $ 12,203     $ 12,203  
                         
Real estate assets   $ —     $ —     $ —  
                         
For the Twelve Months Ended December 31, 2017     Land       Other       Total  
Operating revenues   $ —     $ —     $ —  
Interest income from related parties     —       4,237       4,237  
Other income     —       250       250  
Segment operating income   $ —     $ 4,487     $ 4,487  
                         
Real estate assets   $ 22,717     $ —     $ 22,717  
                         
For the Twelve Months Ended December 31, 2016     Land       Other       Total  
Operating revenues   $ —     $ —     $ —  
Interest income from related parties     —       4,494       4,494  
Segment operating income   $ —     $ 4,494     $ 4,494  
                         
Real estate assets   $ 22,717     $ —     $ 22,71 7  
Schedule reconcile the segment information to the corresponding amounts in the Consolidated Statements of Operations

The tables below reconcile the segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):

 

    For the Years Ended December 31,  
    2018     2017     2016  
Segment operating income   $ 12,203     $ 4,487     $ 4,494  
Other non-segment items of income (expense)                        
General and administrative     (494 )     (438 )     (396 )
Net income fee to related party     (631 )     (250 )     (257 )
Advisory fee to related party     (685 )     (660 )     (639 )
Income tax expense     (2,183 )     (1,631 )     (1,121 )
Net income from continuing operations   $ 8,210     $ 1,508     $ 2,081
Schedule reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets

The table below reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):

 

    For the Years Ended December 31,  
    2018     2017  
Real estate assets   $ —     $ 22,717  
Notes and interest receivable     14,030       23,659  
Other assets     82,093       40,026  
Total assets   $ 96,123     $ 86,402