Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations And Comprehensive Income

v3.21.2
Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Revenue from customers $ 89,302 $ 40,662 $ 207,673 $ 113,876
Interest income 1,506 387 4,823 586
Net gains on sales of real estate assets 129 164 438 130
Other revenue 854 992 2,450 2,398
Total revenues 91,791 42,205 215,384 116,990
Costs and expenses:        
Interest expense 374   958  
Recoveries from loan losses, net (5,393) (807) (7,038) (5,844)
Impairment losses       30,740
Selling, general and administrative expenses 22,670 18,110 49,907 53,148
Total costs and expenses 78,264 48,651 192,326 168,547
Operating income (losses) 13,527 (6,446) 23,058 (51,557)
Equity in net earnings (loss) of unconsolidated real estate joint ventures 11,820 (646) 15,992 50
Loss on the deconsolidation of IT'SUGAR, LLC   (3,326)   (3,326)
Gain on the consolidation of IT'SUGAR, LLC     15,890  
Other income 60 81 252 192
Foreign exchange gain (loss) 292 (58) 788 214
Income (loss) from continuing operations before income taxes 25,699 (10,395) 55,980 (54,427)
(Provision) benefit for income taxes (6,382) 1,633 (13,971) 10,847
Net income (loss) from continuing operations 19,317 (8,762) 42,009 (43,580)
Discontinued operations        
Loss from operations       (91)
Benefit for income taxes       17
Loss from discontinued operations       (74)
Net income (loss) 19,317 (8,762) 42,009 (43,654)
Net (income) loss attributable to noncontrolling interests (125) 510 (352) 4,822
Net income (loss) attributable to shareholders $ 19,192 $ (8,252) $ 41,657 $ (38,832)
Basic and diluted earnings (loss) per share from continuing operations $ 1.13 $ (0.43) $ 2.27 $ (2.01)
Total basic and diluted loss per share $ 1.13 $ (0.43) $ 2.27 $ (2.01)
Weighted average number of common shares outstanding 17,027 19,318 18,373 19,318
Other comprehensive (loss), income, net of tax:        
Unrealized (loss) gain on securities available for sale $ (12) $ 15   $ 19
Foreign currency translation adjustments (332) 157 $ 8 (198)
Other comprehensive (loss) income, net (344) 172 8 (179)
Comprehensive income (loss), net of tax 18,973 (8,590) 42,017 (43,833)
Comprehensive (income) loss attributable to noncontrolling interests (125) 510 (352) 4,822
Comprehensive income (loss) attributable to shareholders 18,848 (8,080) 41,665 (39,011)
Trade Sales [Member]        
Revenues        
Revenue from customers 67,453 35,692 159,899 99,628
Costs and expenses:        
Total costs 50,614 27,981 125,074 81,030
Sales Of Real Estate Inventory [Member]        
Revenues        
Revenue from customers 21,849 4,970 47,774 14,248
Costs and expenses:        
Total costs $ 9,999 $ 3,367 $ 23,425 $ 9,473