Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations And Comprehensive Income

v3.21.1
Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Revenue from customers $ 59,449 $ 47,325
Interest income 1,650 116
Net gains on sales of real estate assets 105 (47)
Other revenue 671 787
Total revenues 61,875 48,181
Costs and Expenses:    
Interest expense 290  
Recoveries from loan losses, net (508) (3,512)
Impairment losses   27,435
Selling, general and administrative expenses 13,198 21,320
Total costs and expenses 57,731 79,655
Operating losses 4,144 (31,474)
Equity in net earnings of unconsolidated real estate joint ventures (271) 551
Other income 63 36
Foreign exchange (loss) gain (480) 278
Income (loss) from continuing operations before income taxes 3,456 (30,609)
(Provision) benefit for income taxes (1,001) 5,908
Net income (loss) from continuing operations 2,455 (24,701)
Discontinued operation    
Loss from operations   (889)
Benefit for income taxes   211
Loss from discontinued operations   (678)
Net income (loss) 2,455 (25,379)
Net (income) loss attributable to noncontrolling interests (110) 3,456
Net income (loss) attributable to shareholders $ 2,345 $ (21,923)
Basic and diluted earnings (loss) per share from continuing operations $ 0.12 $ (1.10)
Basic and diluted loss per share from discontinued operations   (0.04)
Total basic and diluted earnings (loss) per share $ 0.12 $ (1.14)
Weighted average number of common shares outstanding 19,282 19,318
Other comprehensive income (loss), net of tax:    
Unrealized loss on securities available for sale $ (2) $ (37)
Foreign currency translation adjustments 114 (550)
Other comprehensive income (loss), net 112 (587)
Comprehensive income (loss), net of tax 2,567 (25,966)
Comprehensive (income) loss attributable to noncontrolling interests (110) 3,456
Comprehensive income (loss) attributable to shareholders 2,457 (22,510)
Trade Sales [Member]    
Revenues    
Revenue from customers 45,914 40,886
Costs and Expenses:    
Total costs 36,893 29,780
Sales Of Real Estate Inventory [Member]    
Revenues    
Revenue from customers 13,535 6,439
Costs and Expenses:    
Total costs $ 7,858 $ 4,632