Annual report pursuant to Section 13 and 15(d)

REVENUES (Tables)

v3.19.1
REVENUES (Tables)
 12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
Per the modified retrospective method, comparative information has not been restated to conform to these changes and continues to be reported under the accounting standards in effect for those periods. In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on the Consolidated Statements of Operations was as follows:

Consolidated Balance Sheet

 
 
December 31, 2018
 
 
As reported
 
Balances under prior accounting
 
Effect of Change (A)
Liabilities
 
 
 
 
 
 
Other current liabilities
 
$
22,285

 
$
27,094

 
$
(4,809
)
Equity
 
 
 
 
 
 
Accumulated Deficit
 
$
(3,105,307
)
 
$
(3,110,116
)
 
$
4,809

(A)
Represents the cumulative effect adjustment to the 2018 opening balance.

Consolidated Statement of Operations

 
 
Year Ended December 31, 2018
 
 
As reported
 
Balances under prior accounting
 
Effect of Change
Revenues
 
 
 
 
 
 
Golf operations
 
$
244,646

 
$
222,581

 
$
22,065

Operating Costs
 
 
 
 
 
 
Operating expenses
 
$
251,794

 
$
229,729

 
$
22,065

Disaggregation of Revenue
The following table disaggregates revenue by category: Entertainment golf venues, public and private golf properties (owned and leased) and managed golf properties.
 
 
Year Ended December 31, 2018
 
 
Entertainment golf venues
 
Public golf properties
 
Private golf properties
 
Managed golf properties
 
Total
Golf operations
 
2,191

 
116,009

 
101,669

 
24,777

 
244,646

Sales of food and beverages
 
2,713

 
39,280

 
27,730

 
—

 
69,723

Total revenues
 
$
4,904

 
$
155,289

 
$
129,399

 
$
24,777

 
$
314,369