Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Segment Reporting) (Details)

v3.10.0.1
SEGMENT REPORTING (Segment Reporting) (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Revenues          
Total revenues $ 91,004,000 $ 81,360,000 $ 157,664,000 $ 140,501,000  
Operating costs          
Operating expenses 67,042,000 62,028,000 124,421,000 112,537,000  
Cost of sales - food and beverages 6,193,000 6,009,000 10,233,000 10,041,000  
General and administrative expense 9,809,000 5,790,000 17,362,000 11,623,000  
General and administrative expense - acquisition and transaction expenses 459,000 1,268,000 2,100,000 2,922,000  
Management fee to affiliate 0 2,677,000 0 5,354,000  
Depreciation and amortization 4,315,000 5,972,000 9,863,000 11,765,000  
Pre-opening costs 247,000 50,000 1,803,000 50,000  
Impairment 0 32,000 1,473,000 32,000  
Realized and unrealized (gain) on investments (89,000) 3,287,000 (331,000) 6,676,000  
Total operating costs 87,976,000 87,113,000 166,924,000 161,000,000  
Operating income (loss) 3,028,000 (5,753,000) (9,260,000) (20,499,000)  
Other income (expenses)          
Interest and investment income 469,000 6,395,000 915,000 14,283,000  
Interest expense, net (4,601,000) (5,131,000) (8,650,000) (10,565,000)  
Interest expense (4,731,000)   (9,163,000)    
Capitalized interest 130,000   513,000    
Other (loss) income, net (3,699,000) 293,000 (4,105,000) 170,000  
Total other income (expenses) (7,831,000) 1,557,000 (11,840,000) 3,888,000  
Income tax expense 0 510,000 0 1,049,000  
Net Loss (4,803,000) (4,706,000) (21,100,000) (17,660,000)  
Preferred dividends (1,395,000) (1,395,000) (2,790,000) (2,790,000)  
Loss Applicable to Common Stockholders (6,198,000) (6,101,000) (23,890,000) (20,450,000)  
Total assets 511,279,000   511,279,000   $ 536,648,000
Total liabilities 358,438,000   358,438,000   365,597,000
Preferred stock 61,583,000   61,583,000   61,583,000
Equity attributable to common stockholders 91,258,000   91,258,000    
Additions to property and equipment (including capital leases) during the six months ended June 30, 2018     24,424,000    
Rental expenses recorded under operating leases 600,000 800,000 1,100,000 1,600,000  
Amortization of intangibles 1,000,000 1,100,000 2,100,000 2,100,000  
Equity method investment 21,901,000   21,901,000   $ 21,135,000
Golf operations          
Revenues          
Total revenues 69,150,000 60,639,000 122,704,000 106,935,000  
Food and beverages          
Revenues          
Total revenues 21,854,000 20,721,000 34,960,000 33,566,000  
Traditional Golf | Operating Segments          
Revenues          
Total revenues 89,197,000 81,360,000 155,857,000 140,501,000  
Operating costs          
Operating expenses 65,207,000 62,028,000 122,586,000 112,537,000  
Cost of sales - food and beverages 5,965,000 6,009,000 10,005,000 10,041,000  
General and administrative expense 4,313,000 4,106,000 8,467,000 8,298,000  
General and administrative expense - acquisition and transaction expenses 200,000 210,000 508,000 486,000  
Management fee to affiliate   0   0  
Depreciation and amortization 3,808,000 5,972,000 9,320,000 11,765,000  
Pre-opening costs 0 0 0 0  
Impairment 0 0 1,326,000 0  
Realized and unrealized (gain) on investments (89,000) 165,000 (331,000) 285,000  
Total operating costs 79,404,000 78,490,000 151,881,000 143,412,000  
Operating income (loss) 9,793,000 2,870,000 3,976,000 (2,911,000)  
Other income (expenses)          
Interest and investment income 45,000 33,000 96,000 72,000  
Interest expense, net   (3,853,000)   (7,670,000)  
Interest expense (4,161,000)   (8,099,000)    
Capitalized interest 87,000   342,000    
Other (loss) income, net (4,228,000) (210,000) (5,166,000) (834,000)  
Total other income (expenses) (8,257,000) (4,030,000) (12,827,000) (8,432,000)  
Income tax expense 0 0 0 0  
Net Loss 1,536,000 (1,160,000) (8,851,000) (11,343,000)  
Preferred dividends 0 0 0 0  
Loss Applicable to Common Stockholders 1,536,000 (1,160,000) (8,851,000) (11,343,000)  
Total assets 322,989,000   322,989,000    
Total liabilities 291,565,000   291,565,000    
Preferred stock 0   0    
Equity attributable to common stockholders 31,424,000   31,424,000    
Additions to property and equipment (including capital leases) during the six months ended June 30, 2018     7,596,000    
Traditional Golf | Operating Segments | Golf operations          
Revenues          
Total revenues 68,295,000 60,639,000 121,849,000 106,935,000  
Traditional Golf | Operating Segments | Food and beverages          
Revenues          
Total revenues 20,902,000 20,721,000 34,008,000 33,566,000  
Entertainment Golf          
Other income (expenses)          
Accretion of membership deposit liabilities 1,700,000 1,600,000 3,400,000 3,200,000  
Entertainment Golf | Operating Segments          
Revenues          
Total revenues 1,807,000 0 1,807,000 0  
Operating costs          
Operating expenses 1,835,000 0 1,835,000 0  
Cost of sales - food and beverages 228,000 0 228,000 0  
General and administrative expense 1,535,000 27,000 2,638,000 43,000  
General and administrative expense - acquisition and transaction expenses 200,000 1,058,000 1,454,000 2,319,000  
Management fee to affiliate   0   0  
Depreciation and amortization 504,000 0 535,000 0  
Pre-opening costs 247,000 50,000 1,803,000 50,000  
Impairment 0 0 0 0  
Realized and unrealized (gain) on investments 0 0 0 0  
Total operating costs 4,549,000 1,135,000 8,493,000 2,412,000  
Operating income (loss) (2,742,000) (1,135,000) (6,686,000) (2,412,000)  
Other income (expenses)          
Interest and investment income 84,000 0 112,000 0  
Interest expense, net   0   0  
Interest expense 0   0    
Capitalized interest 0   0    
Other (loss) income, net 0 0 0 0  
Total other income (expenses) 84,000 0 112,000 0  
Income tax expense 0 0 0 0  
Net Loss (2,658,000) (1,135,000) (6,574,000) (2,412,000)  
Preferred dividends 0 0 0 0  
Loss Applicable to Common Stockholders (2,658,000) (1,135,000) (6,574,000) (2,412,000)  
Total assets 86,951,000   86,951,000    
Total liabilities 9,431,000   9,431,000    
Preferred stock 0   0    
Equity attributable to common stockholders 77,520,000   77,520,000    
Additions to property and equipment (including capital leases) during the six months ended June 30, 2018     16,828,000    
Entertainment Golf | Operating Segments | Golf operations          
Revenues          
Total revenues 855,000 0 855,000 0  
Entertainment Golf | Operating Segments | Food and beverages          
Revenues          
Total revenues 952,000 0 952,000 0  
Corporate | Operating Segments          
Revenues          
Total revenues 0 0 0 0  
Operating costs          
Operating expenses 0 0 0 0  
Cost of sales - food and beverages 0 0 0 0  
General and administrative expense 3,961,000 1,657,000 6,257,000 3,282,000  
General and administrative expense - acquisition and transaction expenses 59,000 0 138,000 117,000  
Management fee to affiliate   2,677,000   5,354,000  
Depreciation and amortization 3,000 0 8,000 0  
Pre-opening costs 0 0 0 0  
Impairment 0 32,000 147,000 32,000  
Realized and unrealized (gain) on investments 0 3,122,000 0 6,391,000  
Total operating costs 4,023,000 7,488,000 6,550,000 15,176,000  
Operating income (loss) (4,023,000) (7,488,000) (6,550,000) (15,176,000)  
Other income (expenses)          
Interest and investment income 340,000 6,362,000 707,000 14,211,000  
Interest expense, net   (1,278,000)   (2,895,000)  
Interest expense (570,000)   (1,064,000)    
Capitalized interest 43,000   171,000    
Other (loss) income, net 529,000 503,000 1,061,000 1,004,000  
Total other income (expenses) 342,000 5,587,000 875,000 12,320,000  
Income tax expense 0 510,000 0 1,049,000  
Net Loss (3,681,000) (2,411,000) (5,675,000) (3,905,000)  
Preferred dividends (1,395,000) (1,395,000) (2,790,000) (2,790,000)  
Loss Applicable to Common Stockholders (5,076,000) (3,806,000) (8,465,000) (6,695,000)  
Total assets 101,339,000   101,339,000    
Total liabilities 57,442,000   57,442,000    
Preferred stock 61,583,000   61,583,000    
Equity attributable to common stockholders (17,686,000)   (17,686,000)    
Additions to property and equipment (including capital leases) during the six months ended June 30, 2018     0    
Equity method investment 21,900,000   21,900,000    
Corporate | Operating Segments | Golf operations          
Revenues          
Total revenues 0 0 0 0  
Corporate | Operating Segments | Food and beverages          
Revenues          
Total revenues $ 0 $ 0 $ 0 $ 0