XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Investments In Unconsolidated Joint Ventures | 3 Months Ended
--- | ---
Mar. 31, 2017
Investments In Unconsolidated Joint Ventures [Abstract] |
Investments In Unconsolidated Joint Ventures | Note 6 – Investments i n Unconsolidated Joint Ventures Our investments in unconsolidated joint ventures are accounted for under the equity method of accounting. Our investment in Rialto Distribution was fully written off since 2010 (refer to further discussion below). The table below summarizes our investments in unconsolidated joint ventures as of March 31, 2017 and December 31, 2016:
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  | March 31, |  | December 31,
﻿(Dollars in thousands) |  | Interest |  | 2017 |  | 2016
﻿Rialto Distribution |  | 33.3% |  | $ | -- |  | $ | --
﻿Rialto Cinemas |  | 50.0% |  | $ | 1,173 |  | $ | 1,197
﻿Mt. Gravatt |  | 33.3% |  |  | 4,086 |  |  | 3,874
﻿Total investments |  |  |  | $ | 5,259 |  | $ | 5,071
﻿ For the three months ended March 31, 2017 and 2016, we recorded our share of equity earnings from our investments in unconsolidated joint ventures as follows: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  | Three Months Ended
﻿ |  |  |  |  | March 31, |  |  | March 31,
﻿(Dollars in thousands) |  |  | 2017 |  |  | 2016
﻿Rialto Distribution |  |  |  | $ | -- |  | $ | --
﻿Rialto Cinemas |  |  |  | $ | 39 |  | $ | 76
﻿Mt. Gravatt |  |  |  |  | 216 |  |  | 226
﻿Total equity earnings |  |  |  | $ | 255 |  | $ | 302
﻿ Rialto Distribution Due to significant losses in years past, we determined that our investment in Rialto Distribution was fully impaired. As a result of these losses, as of January 1, 2010, we treat our interest as a cost method interest in an unconsolidated joint venture, and record income based on the distributions we receive. We have also fully provided for any losses that may result from the bank guarantee that had been given on behalf of Rialto Distribution (refer to Note 13 – Commitments and Contingencies – Debt Guarantee).

X
- 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/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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=64825282&loc=d3e32847-111569 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=64825282&loc=d3e32787-111569 + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration