Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
Cash |
|
$ |
4,095 |
|
Restricted cash |
|
|
83 |
|
Construction contracts receivable |
|
|
14,721 |
|
Trade receivables |
|
|
716 |
|
Real estate |
|
|
3,495 |
|
Due from related parties |
|
|
1,961 |
|
Property and equipment |
|
|
64 |
|
Contract assets |
|
|
22,194 |
|
Other assets |
|
|
2,590 |
|
Total assets acquired |
|
|
49,919 |
|
Accounts payable |
|
|
(14,413 |
) |
Accrued expenses |
|
|
(4,971 |
) |
Due to related parties |
|
|
(175 |
) |
Contract liabilities |
|
|
(31,840 |
) |
Notes payable and other borrowings |
|
|
(2,100 |
) |
Total liabilities assumed |
|
|
(53,499 |
) |
Fair value of identifiable net assets |
|
|
(3,580 |
) |
Cash consideration paid to seller |
|
|
8,153 |
|
Consideration payable to seller |
|
|
1,562 |
|
Predevelopment costs payable to seller |
|
|
550 |
|
Writeoff of Altman Companies receivable |
|
|
1,780 |
|
Fair value of previously held equity interest in the Altman Companies |
|
|
15,575 |
|
Goodwill |
|
$ |
31,200 |
|
|
|
|
|
|
Gain on the consolidation of the Altman Companies (1) |
|
$ |
3,802 |
|
|
Business Acquisition, Pro Forma Information [Table Text Block] |
|
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Total revenue |
|
$ |
54,765 |
|
|
|
— |
|
|
|
137,773 |
|
|
|
— |
|
Equity in net losses from unconsolidated real estate joint ventures |
|
$ |
— |
|
|
|
(1,676 |
) |
|
|
(73 |
) |
|
|
(2,972 |
) |
Loss before income taxes |
|
$ |
(1,733 |
) |
|
|
(1,676 |
) |
|
|
(4,593 |
) |
|
|
(2,972 |
) |
|
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
|
|
Pro Forma |
|
|
Pro Forma |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Total revenues |
|
$ |
103,278 |
|
|
|
77,178 |
|
|
|
319,299 |
|
|
|
278,192 |
|
Equity in net earnings from unconsolidated real estate joint ventures |
|
$ |
2,126 |
|
|
|
13,751 |
|
|
|
4,172 |
|
|
|
35,712 |
|
(Loss) income before income taxes |
|
$ |
(5,535 |
) |
|
|
6,758 |
|
|
|
(22,584 |
) |
|
|
16,047 |
|
Net (loss) income |
|
$ |
(4,620 |
) |
|
|
4,179 |
|
|
|
(19,782 |
) |
|
|
9,262 |
|
|