Quarterly report pursuant to Section 13 or 15(d)

REVENUES (Tables)

v3.8.0.1
REVENUES (Tables)
 3 Months Ended
Mar. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on the Consolidated Balance Sheet and Statement of Operations was as follows:

Consolidated Balance Sheet
 
 
March 31, 2018
 
 
As reported
 
Balances without Adoption of ASC 606
 
Effect of Change
Liabilities
 
 
 
 
 
 
Other current liabilities
 
$
16,532

 
$
21,341

 
$
(4,809
)
 
 
 
 
 
 
 
Equity
 
 
 
 
 
 
Accumulated Deficit
 
$
(3,078,734
)
 
$
(3,083,543
)
 
$
4,809


Consolidated Statement of Operations
 
 
Three Months Ended March 31, 2018
 
 
As reported
 
Balances without Adoption of ASC 606
 
Effect of Change
Revenues
 
 
 
 
 
 
Golf course operations
 
$
53,554

 
$
48,897

 
$
4,657

 
 
 
 
 
 
 
Operating Costs
 
 
 
 
 
 
Operating expenses
 
$
57,379

 
$
52,722

 
$
4,657

Disaggregation of Revenue

The Company’s revenue is all generated within the Traditional Golf segment. The following table disaggregates revenue by category: public and private golf properties (owned and leased) and managed golf properties.
 
 
Three Months Ended March 31, 2018
 
 
Public golf properties
 
Private golf properties
 
Managed golf properties
 
Total
Golf course operations
 
22,370

 
25,949

 
5,235

 
53,554

Sales of food and beverages
 
7,207

 
5,899

 
—

 
13,106

Total revenues
 
$
29,577

 
$
31,848

 
$
5,235

 
$
66,660