CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
|
| Revenues | ||||
| Total revenues | $ 74,682,000 | $ 87,419,000 | $ 200,249,000 | $ 245,083,000 |
| Operating costs | ||||
| Operating expenses | 63,454,000 | 70,330,000 | 169,897,000 | 194,751,000 |
| Cost of sales - food and beverages | 3,856,000 | 5,180,000 | 10,458,000 | 15,413,000 |
| General and administrative expense | 12,755,000 | 10,149,000 | 37,981,000 | 29,611,000 |
| Depreciation and amortization | 5,723,000 | 4,495,000 | 15,769,000 | 14,358,000 |
| Pre-opening costs | 4,350,000 | 245,000 | 7,229,000 | 2,048,000 |
| Impairment and other losses | 1,872,000 | 4,172,000 | 6,077,000 | 5,645,000 |
| Realized and unrealized (gain) loss on investments | 0 | 48,000 | 0 | (283,000) |
| Total operating costs | 92,010,000 | 94,619,000 | 247,411,000 | 261,543,000 |
| Operating loss | (17,328,000) | (7,200,000) | (47,162,000) | (16,460,000) |
| Other income (expenses) | ||||
| Interest and investment income | 191,000 | 467,000 | 799,000 | 1,382,000 |
| Interest expense, net | (2,061,000) | (4,290,000) | (6,008,000) | (12,940,000) |
| Other income (loss), net | 7,341,000 | (3,052,000) | 12,955,000 | (7,157,000) |
| Total other income (expenses) | 5,471,000 | (6,875,000) | 7,746,000 | (18,715,000) |
| Loss before income tax | (11,857,000) | (14,075,000) | (39,416,000) | (35,175,000) |
| Income tax expense | 162,000 | 0 | 162,000 | 0 |
| Net Loss | (12,019,000) | (14,075,000) | (39,578,000) | (35,175,000) |
| Preferred dividends | (1,395,000) | (1,395,000) | (4,185,000) | (4,185,000) |
| Loss Applicable to Common Stockholders | $ (13,414,000) | $ (15,470,000) | $ (43,763,000) | $ (39,360,000) |
| Loss Applicable to Common Stock, per share | ||||
| Basic (in dollars per share) | $ (0.20) | $ (0.23) | $ (0.65) | $ (0.59) |
| Diluted (in dollars per share) | $ (0.20) | $ (0.23) | $ (0.65) | $ (0.59) |
| Weighted Average Number of Shares of Common Stock Outstanding | ||||
| Basic (in shares) | 67,040,692 | 66,992,322 | 67,032,519 | 66,982,233 |
| Diluted (in shares) | 67,040,692 | 66,992,322 | 67,032,519 | 66,982,233 |
| Golf operations | ||||
| Revenues | ||||
| Total revenues | $ 60,797,000 | $ 68,928,000 | $ 162,889,000 | $ 191,632,000 |
| Food and beverages | ||||
| Revenues | ||||
| Total revenues | $ 13,885,000 | $ 18,491,000 | $ 37,360,000 | $ 53,451,000 |
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- Definition Asset Impairment And Credit Loss No definition available.
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- Definition Heading for income/loss per share of common stock. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of nonoperating interest income (expense). No definition available.
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate amount of gains or losses resulting from nonoperating activities (for example, interest and dividend revenue, property, plant and equipment impairment loss, and so forth). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of gain (loss) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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