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 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Revenues          
Total revenues $ 87,419,000 $ 81,691,000 $ 245,083,000 $ 222,192,000  
Operating costs          
Operating expenses 70,330,000 63,384,000 194,751,000 175,920,000  
Cost of sales - food and beverages 5,180,000 5,721,000 15,413,000 15,762,000  
General and administrative expense 9,380,000 6,257,000 26,744,000 17,883,000  
General and administrative expense - acquisition and transaction expenses 769,000 1,931,000 2,867,000 4,851,000  
Management fee to affiliate 0 2,678,000 0 8,032,000  
Depreciation and amortization 4,495,000 6,187,000 14,358,000 17,952,000  
Pre-opening costs 245,000 141,000 2,048,000 191,000  
Impairment 4,172,000 28,000 5,645,000 60,000  
Realized and unrealized (gain) loss on investments 48,000 (315,000) (283,000) 6,361,000  
Total operating costs 94,619,000 86,012,000 261,543,000 247,012,000  
Operating income (loss) (7,200,000) (4,321,000) (16,460,000) (24,820,000)  
Other income (expenses)          
Interest and investment income 467,000 8,418,000 1,382,000 22,701,000  
Interest expense (4,647,000) (4,845,000) (13,810,000) (15,410,000)  
Capitalized interest 357,000 75,000 870,000 75,000  
Other (loss) income, net (3,052,000) 202,000 (7,157,000) 372,000  
Total other income (expenses) (6,875,000) 3,850,000 (18,715,000) 7,738,000  
Income tax (benefit) expense 0 (2,000) 0 1,047,000  
Net Loss (14,075,000) (469,000) (35,175,000) (18,129,000)  
Preferred dividends (1,395,000) (1,395,000) (4,185,000) (4,185,000)  
Loss Applicable to Common Stockholders (15,470,000) (1,864,000) (39,360,000) (22,314,000)  
Total assets 486,765,000   486,765,000   $ 536,648,000
Total liabilities 347,797,000   347,797,000   365,597,000
Preferred stock 61,583,000   61,583,000   61,583,000
Equity attributable to common stockholders 77,385,000   77,385,000    
Additions to property and equipment (including capital leases) during the nine months ended September 30, 2018     37,340,000    
Rental expenses recorded under operating leases 500,000 700,000 1,600,000 2,300,000  
Amortization of intangibles 1,000,000 1,000,000 3,100,000 3,100,000  
Equity method investment 22,265,000   22,265,000   $ 21,135,000
Golf operations          
Revenues          
Total revenues 68,928,000 62,034,000 191,632,000 168,969,000  
Food and beverages          
Revenues          
Total revenues 18,491,000 19,657,000 53,451,000 53,223,000  
Traditional Golf | Operating Segments          
Revenues          
Total revenues 85,879,000 81,691,000 241,736,000 222,192,000  
Operating costs          
Operating expenses 68,565,000 63,384,000 191,152,000 175,920,000  
Cost of sales - food and beverages 4,976,000 5,721,000 14,981,000 15,762,000  
General and administrative expense 4,313,000 4,119,000 12,781,000 12,418,000  
General and administrative expense - acquisition and transaction expenses 199,000 72,000 706,000 558,000  
Management fee to affiliate   0   0  
Depreciation and amortization 3,877,000 6,171,000 13,198,000 17,936,000  
Pre-opening costs 0 0 0 0  
Impairment 4,172,000 0 5,498,000 0  
Realized and unrealized (gain) loss on investments 48,000 32,000 (283,000) 317,000  
Total operating costs 86,150,000 79,499,000 238,033,000 222,911,000  
Operating income (loss) (271,000) 2,192,000 3,703,000 (719,000)  
Other income (expenses)          
Interest and investment income 48,000 42,000 144,000 114,000  
Interest expense (4,050,000) (3,905,000) (12,149,000) (11,575,000)  
Capitalized interest 238,000 75,000 580,000 75,000  
Other (loss) income, net (3,548,000) (211,000) (8,715,000) (1,044,000)  
Total other income (expenses) (7,312,000) (3,999,000) (20,140,000) (12,430,000)  
Income tax (benefit) expense 0 0 0 0  
Net Loss (7,583,000) (1,807,000) (16,437,000) (13,149,000)  
Preferred dividends 0 0 0 0  
Loss Applicable to Common Stockholders (7,583,000) (1,807,000) (16,437,000) (13,149,000)  
Total assets 300,404,000   300,404,000    
Total liabilities 279,775,000   279,775,000    
Preferred stock 0   0    
Equity attributable to common stockholders 20,629,000   20,629,000    
Additions to property and equipment (including capital leases) during the nine months ended September 30, 2018     11,651,000    
Traditional Golf | Operating Segments | Golf operations          
Revenues          
Total revenues 68,218,000 62,034,000 190,067,000 168,969,000  
Traditional Golf | Operating Segments | Food and beverages          
Revenues          
Total revenues 17,661,000 19,657,000 51,669,000 53,223,000  
Entertainment Golf          
Other income (expenses)          
Accretion of membership deposit liabilities 1,700,000 1,600,000 5,100,000 4,800,000  
Entertainment Golf | Operating Segments          
Revenues          
Total revenues 1,540,000 0 3,347,000 0  
Operating costs          
Operating expenses 1,765,000 0 3,599,000 0  
Cost of sales - food and beverages 204,000 0 432,000 0  
General and administrative expense 1,878,000 10,000 4,515,000 53,000  
General and administrative expense - acquisition and transaction expenses 570,000 1,804,000 2,024,000 4,122,000  
Management fee to affiliate   0   0  
Depreciation and amortization 614,000 16,000 1,148,000 16,000  
Pre-opening costs 245,000 141,000 2,048,000 191,000  
Impairment 0 0 0 0  
Realized and unrealized (gain) loss on investments 0 0 0 0  
Total operating costs 5,276,000 1,971,000 13,766,000 4,382,000  
Operating income (loss) (3,736,000) (1,971,000) (10,419,000) (4,382,000)  
Other income (expenses)          
Interest and investment income 85,000 0 196,000 0  
Interest expense 0 0 0 0  
Capitalized interest 0 0 0 0  
Other (loss) income, net 0 0 0 0  
Total other income (expenses) 85,000 0 196,000 0  
Income tax (benefit) expense 0 0 0 0  
Net Loss (3,651,000) (1,971,000) (10,223,000) (4,382,000)  
Preferred dividends 0 0 0 0  
Loss Applicable to Common Stockholders (3,651,000) (1,971,000) (10,223,000) (4,382,000)  
Total assets 99,470,000   99,470,000    
Total liabilities 10,097,000   10,097,000    
Preferred stock 0   0    
Equity attributable to common stockholders 89,373,000   89,373,000    
Additions to property and equipment (including capital leases) during the nine months ended September 30, 2018     25,689,000    
Entertainment Golf | Operating Segments | Golf operations          
Revenues          
Total revenues 710,000 0 1,565,000 0  
Entertainment Golf | Operating Segments | Food and beverages          
Revenues          
Total revenues 830,000 0 1,782,000 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 3,189,000 2,128,000 9,448,000 5,412,000  
General and administrative expense - acquisition and transaction expenses 0 55,000 137,000 171,000  
Management fee to affiliate   2,678,000   8,032,000  
Depreciation and amortization 4,000 0 12,000 0  
Pre-opening costs 0 0 0 0  
Impairment 0 28,000 147,000 60,000  
Realized and unrealized (gain) loss on investments 0 (347,000) 0 6,044,000  
Total operating costs 3,193,000 4,542,000 9,744,000 19,719,000  
Operating income (loss) (3,193,000) (4,542,000) (9,744,000) (19,719,000)  
Other income (expenses)          
Interest and investment income 334,000 8,376,000 1,042,000 22,587,000  
Interest expense (597,000) (940,000) (1,661,000) (3,835,000)  
Capitalized interest 119,000 0 290,000 0  
Other (loss) income, net 496,000 413,000 1,558,000 1,416,000  
Total other income (expenses) 352,000 7,849,000 1,229,000 20,168,000  
Income tax (benefit) expense 0 (2,000) 0 1,047,000  
Net Loss (2,841,000) 3,309,000 (8,515,000) (598,000)  
Preferred dividends (1,395,000) (1,395,000) (4,185,000) (4,185,000)  
Loss Applicable to Common Stockholders (4,236,000) 1,914,000 (12,700,000) (4,783,000)  
Total assets 86,891,000   86,891,000    
Total liabilities 57,925,000   57,925,000    
Preferred stock 61,583,000   61,583,000    
Equity attributable to common stockholders (32,617,000)   (32,617,000)    
Additions to property and equipment (including capital leases) during the nine months ended September 30, 2018     0    
Equity method investment 22,300,000   22,300,000    
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