2013 Q4 Form 10-K Financial Statement

#000119312514091567 Filed on March 10, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2011 Q4
Revenue $9.830M $4.010M $3.710M
YoY Change 145.14% 8.09% 8.48%
Cost Of Revenue $4.830M $1.550M $2.090M
YoY Change 211.61% -25.84% -23.16%
Gross Profit $5.000M $2.460M $1.630M
YoY Change 103.25% 50.92% 136.23%
Gross Profit Margin 50.86% 61.35% 43.94%
Selling, General & Admin $1.210M $1.550M $2.030M
YoY Change -21.94% -23.65% 232.79%
% of Gross Profit 24.2% 63.01% 124.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $760.0K $320.0K $500.0K
YoY Change 137.5% -36.0% -24.24%
% of Gross Profit 15.2% 13.01% 30.67%
Operating Expenses $1.970M $2.070M $2.770M
YoY Change -4.83% -25.27% 346.77%
Operating Profit $3.030M $390.0K -$1.140M
YoY Change 676.92% -134.21% -1728.57%
Interest Expense -$510.0K -$170.0K -$110.0K
YoY Change 200.0% 54.55%
% of Operating Profit -16.83% -43.59%
Other Income/Expense, Net
YoY Change
Pretax Income $2.520M $210.0K -$1.160M
YoY Change 1100.0% -118.1% -1550.0%
Income Tax $1.160M $70.00K -$430.0K
% Of Pretax Income 46.03% 33.33%
Net Earnings $1.850M $60.00K -$550.0K
YoY Change 2983.33% -110.91% -711.11%
Net Earnings / Revenue 18.82% 1.5% -14.82%
Basic Earnings Per Share
Diluted Earnings Per Share $260.2K $8.276K -$78.24K
COMMON SHARES
Basic Shares Outstanding 5.864M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.900M $1.302M $6.174K
YoY Change 276.42% 20984.21% -97.94%
Cash & Equivalents $4.933M $1.302M $6.174K
Short-Term Investments $0.00 $0.00
Other Short-Term Assets
YoY Change
Inventory $23.80M $27.80M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $28.70M $29.10M
YoY Change -1.37%
LONG-TERM ASSETS
Property, Plant & Equipment $162.0M $139.1M $147.8M
YoY Change 16.46% -5.89% -7.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $700.0K $0.00 $0.00
YoY Change -100.0%
Other Assets $800.0K $3.400M $10.50M
YoY Change -76.47% -67.62%
Total Long-Term Assets $197.5M $155.6M
YoY Change 26.92%
TOTAL ASSETS
Total Short-Term Assets $28.70M $29.10M
Total Long-Term Assets $197.5M $155.6M
Total Assets $226.2M $184.7M $170.3M
YoY Change 22.46% 8.48% -4.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $900.0K $400.0K $400.0K
YoY Change 125.0% 0.0% -60.0%
Accrued Expenses $4.800M $6.200M $7.800M
YoY Change -22.58% -20.51% -2.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.700M $6.600M $8.200M
YoY Change 1.52% -19.51% -8.89%
LONG-TERM LIABILITIES
Long-Term Debt $63.20M $29.10M $15.30M
YoY Change 117.18% 90.2% 0.66%
Other Long-Term Liabilities $3.500M $2.400M $1.600M
YoY Change 45.83% 50.0% 100.0%
Total Long-Term Liabilities $66.70M $31.50M $16.90M
YoY Change 111.75% 86.39% 5.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.700M $6.600M $8.200M
Total Long-Term Liabilities $66.70M $31.50M $16.90M
Total Liabilities $106.0M $70.48M $57.10M
YoY Change 50.42% 23.43% -5.15%
SHAREHOLDERS EQUITY
Retained Earnings $106.6M $103.2M
YoY Change 3.23%
Common Stock $14.28M $12.67M
YoY Change 12.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $453.7K $453.7K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $120.2M $114.2M $113.2M
YoY Change
Total Liabilities & Shareholders Equity $226.2M $184.7M $170.3M
YoY Change 22.46% 8.45% -4.22%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income $1.850M $60.00K -$550.0K
YoY Change 2983.33% -110.91% -711.11%
Depreciation, Depletion And Amortization $760.0K $320.0K $500.0K
YoY Change 137.5% -36.0% -24.24%
Cash From Operating Activities $2.510M -$60.00K -$3.910M
YoY Change -4283.33% -98.47% 82.71%
INVESTING ACTIVITIES
Capital Expenditures -$1.080M -$17.13M -$140.0K
YoY Change -93.7% 12135.71% -69.57%
Acquisitions
YoY Change
Other Investing Activities $6.360M $3.840M $540.0K
YoY Change 65.63% 611.11% 157.14%
Cash From Investing Activities $5.280M -$13.28M $400.0K
YoY Change -139.76% -3420.0% -253.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.600M 12.26M 3.340M
YoY Change -129.36% 267.07% 28.46%
NET CHANGE
Cash From Operating Activities 2.510M -60.00K -3.910M
Cash From Investing Activities 5.280M -13.28M 400.0K
Cash From Financing Activities -3.600M 12.26M 3.340M
Net Change In Cash 4.190M -1.080M -170.0K
YoY Change -487.96% 535.29% -185.0%
FREE CASH FLOW
Cash From Operating Activities $2.510M -$60.00K -$3.910M
Capital Expenditures -$1.080M -$17.13M -$140.0K
Free Cash Flow $3.590M $17.07M -$3.770M
YoY Change -78.97% -552.79% 124.4%

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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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673653
CY2013Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
3340389
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
CY2013Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
671900
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
1688979
CY2013Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Current And Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsCurrentAndNoncurrent
407670
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3280308
CY2013Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
229000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
10539435
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
12440778
CY2013Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
955597
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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837156
CY2013Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
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154902374
CY2013Q4 us-gaap Tenant Improvements
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59000
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
366645
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
676518
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
13453036
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
6775651
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
539988
CY2013Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
407670
CY2013Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
4932512
CY2013Q4 us-gaap Assets
Assets
226183680
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
70956333
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4932512
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
129438718
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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147588
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
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-32552068
CY2013Q4 us-gaap Loans Receivable Commercial Mortgage
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18845053
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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676518
CY2013Q4 us-gaap Deferred Tax Assets Net
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6360198
CY2013Q4 us-gaap Property Plant And Equipment Gross
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175241164
CY2013Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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23768914
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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1288555
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6359438
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
617515
CY2013Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
2500000
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
10601691
CY2013Q4 us-gaap Real Estate Gross At Carrying Value
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170194285
CY2013Q4 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
283500
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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12401759
CY2013Q4 us-gaap Other Assets
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2711893
CY2013Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
729814
CY2013Q4 us-gaap Assets Held For Sale At Carrying Value
AssetsHeldForSaleAtCarryingValue
0
CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
9259932
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
77173890
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
638430
CY2013Q4 us-gaap Construction In Progress Gross
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987303
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
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78949844
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
547676
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
12498722
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
77173890
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
40259
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
453654
CY2013Q4 us-gaap Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
729814
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
161980308
CY2013Q4 cto Reserve For Uncertain Tax Positions
ReserveForUncertainTaxPositions
0
CY2013Q4 cto Number Of Properties Acquired
NumberOfPropertiesAcquired
2 Property
CY2013Q4 cto Business Acquisition Number Of Acquired Property
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9 Property
CY2013Q4 cto Deferred Revenues Other
DeferredRevenuesOther
254890
CY2013Q4 cto Inventory Real Estate Undeveloped Land
InventoryRealEstateUndevelopedLand
301780
CY2013Q4 cto Reit Securities
ReitSecurities
1500000000
CY2013Q4 cto Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions And Other Post Retirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsAndOtherPostRetirementBenefits
-48342
CY2013Q4 cto Securities Available For Sale Equity Securities Fair Value
SecuritiesAvailableForSaleEquitySecuritiesFairValue
729814
CY2013Q4 cto Inventory Real Estate Developed Land And Development Costs
InventoryRealEstateDevelopedLandAndDevelopmentCosts
23467134
CY2013Q4 cto Real Estate And Accumulated Depreciation Cost Of Land
RealEstateAndAccumulatedDepreciationCostOfLand
93020395
CY2013Q4 cto Land Timber And Subsurface Interests
LandTimberAndSubsurfaceInterests
15291911
CY2013Q4 cto Restricted Cash Fair Value Disclosure
RestrictedCashFairValueDisclosure
366645
CY2013Q4 cto Golf Buildings Improvements And Equipment
GolfBuildingsImprovementsAndEquipment
3103979
CY2013Q4 cto Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
1899202
CY2013Q4 cto Deferred Tax Liabilities Sales Of Real Estate
DeferredTaxLiabilitiesSalesOfRealEstate
37810005
CY2013Q4 cto Number Of Self Developed Properties
NumberOfSelfDevelopedProperties
2 Property
CY2013Q4 cto Subsurface Interest Net Cost Basis
SubsurfaceInterestNetCostBasis
0
CY2013Q4 cto Reserve For Tenant Improvements
ReserveForTenantImprovements
58977
CY2013Q4 cto Availableforsale Equity Securities Gross Unrealized Loss Accumulated In Aoci
AvailableforsaleEquitySecuritiesGrossUnrealizedLossAccumulatedInAoci
CY2013Q4 cto Availableforsale Equity Securities Gross Unrealized Gain Accumulated In Aoci
AvailableforsaleEquitySecuritiesGrossUnrealizedGainAccumulatedInAoci
CY2013Q4 cto Mortgage Loans Held For Investment Fair Value Disclosure
MortgageLoansHeldForInvestmentFairValueDisclosure
19297110
CY2013Q4 cto Impact Fee And Mitigation Credits
ImpactFeeAndMitigationCredits
6081433
CY2013Q4 cto Deferred Tax Assets Deferred Oil Lease Income
DeferredTaxAssetsDeferredOilLeaseIncome
922254
CY2013Q4 cto Deferred Tax Liabilities Commercial Mortgage Purchase Discount
DeferredTaxLiabilitiesCommercialMortgagePurchaseDiscount
504886
CY2013Q4 cto Loans Repayment Date
LoansRepaymentDate
2014-01-06
CY2013Q4 cto Restricted Cash Held For Payment Of Property Taxes And Insurance Escrows
RestrictedCashHeldForPaymentOfPropertyTaxesAndInsuranceEscrows
83000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
616000
cto Area Of Land Used For Transaction
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3.21 acre
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14600000
CY2013Q1 cto Remaining Term Of Lease
RemainingTermOfLease
P8Y
CY2013Q1 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
66000000
CY2013Q4 us-gaap Gain Loss On Disposition Of Assets1
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416236
CY2013Q4 cto Area Of Land Sold
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6.23 acre
CY2013Q1 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2016-03-31
CY2012Q3 us-gaap Capital Leases Contingent Rental Payments Received
CapitalLeasesContingentRentalPaymentsReceived
922114
CY2013Q3 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
3293000
CY2013Q3 cto Oil Exploration Lease Covering Area
OilExplorationLeaseCoveringArea
82000 acre
CY2013Q3 cto Oil Exploration Lease Period
OilExplorationLeasePeriod
P8Y
CY2013Q3 cto Lease Periods
LeasePeriods
P12M
CY2013Q3 cto Oil Exploration Lease Area Removed
OilExplorationLeaseAreaRemoved
54000 acre
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8000000
CY2013Q1 cto Remaining Term Of Lease
RemainingTermOfLease
P15Y
CY2012Q3 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
62000000
CY2013Q3 us-gaap Capital Leases Contingent Rental Payments Received
CapitalLeasesContingentRentalPaymentsReceived
3293000
CY2013Q3 cto Number Of Rental Payments Received
NumberOfRentalPaymentsReceived
2 Payments
CY2013Q3 cto Aggregate Amount Of Rental Payments Received For Identified Two Properties
AggregateAmountOfRentalPaymentsReceivedForIdentifiedTwoProperties
1830000
CY2012Q3 us-gaap Description Of Lessee Leasing Arrangements Operating Leases
DescriptionOfLesseeLeasingArrangementsOperatingLeases
Company will pay additional rent to the City equal to 5.0% of gross revenues exceeding $5,500,000 and 7.0% of gross revenues exceeding $6,500,000
CY2012Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
250000
CY2012Q3 cto Additional Rent Percentage Under Lease Amendment Two
AdditionalRentPercentageUnderLeaseAmendmentTwo
0.070 pure
CY2012Q3 cto Additional Rent Percentage Under Lease Amendment One
AdditionalRentPercentageUnderLeaseAmendmentOne
0.050 pure
CY2012Q3 cto Lease Term Expiration Year
LeaseTermExpirationYear
2022
CY2012Q3 cto Capital Expenditures Agreed Under Lease Arrangement
CapitalExpendituresAgreedUnderLeaseArrangement
200000
CY2012Q3 cto Annual Rate Adjustment Percentage
AnnualRateAdjustmentPercentage
0.0175 pure
CY2012Q3 cto Gross Revenue Value For Additional Rent Under Lease Amendment Lower Limit
GrossRevenueValueForAdditionalRentUnderLeaseAmendmentLowerLimit
5500000
CY2012Q3 cto Gross Revenue Value For Additional Rent Under Lease Amendment Upper Limit
GrossRevenueValueForAdditionalRentUnderLeaseAmendmentUpperLimit
6500000
CY2013Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
84600
CY2010 cto Payments For Real Estate Transaction
PaymentsForRealEstateTransaction
554196
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.19
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0023 pure
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5724147 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3105 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
CY2011 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.01
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0015 pure
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2195757
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.01
CY2011 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.82
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5724147 shares
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.19
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.19
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.01
CY2011 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.04
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
205113 shares
CY2011 us-gaap Revenues
Revenues
12966428
CY2011 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
2085882
CY2011 us-gaap Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
-7069929
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4740313
CY2011 us-gaap Gain Loss On Investments
GainLossOnInvestments
-140436
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9531302
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
456152
CY2011 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1873597
CY2011 us-gaap Sales Of Real Estate
SalesOfRealEstate
501626
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
335467
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
228963
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
237412
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1092458
CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
55922
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14845534
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5506
CY2011 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
146977
CY2011 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
370554
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
109064
CY2011 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
1700001
CY2011 us-gaap Interest Income Other
InterestIncomeOther
160369
CY2011 us-gaap Capital Leases Contingent Rental Payments Received
CapitalLeasesContingentRentalPaymentsReceived
913657
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-34122
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-8968692
CY2011 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
130070
CY2011 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
129257
CY2011 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
246107
CY2011 us-gaap Interest Paid
InterestPaid
684008
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-4706191
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
528113
CY2011 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
1778524
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
97908
CY2011 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
28733
CY2011 us-gaap Royalty Revenue
RoyaltyRevenue
228494
CY2011 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
7679224
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
314361
CY2011 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-5798649
CY2011 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
34479
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3197276
CY2011 us-gaap Exploration And Production Revenue
ExplorationAndProductionRevenue
251000
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
2779511
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationTax
3089
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
378043
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5440721
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-209027
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
28810
CY2011 us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
752130
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3032931
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
690266
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
228963
CY2011 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-396687
CY2011 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
241897
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
253812
CY2011 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
7924149
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2444662
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-331443
CY2011 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
385881
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
326844
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationNetOfTax
4919
CY2011 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
171821
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-335779
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-660896
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3335956
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3240573
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2597799
CY2011 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
686066
CY2011 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
455732
CY2011 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
21653
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2073341
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2470
CY2011 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
655275
CY2011 us-gaap Asset Impairment Charges
AssetImpairmentCharges
6618888
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
413705
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2197469
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
197419
CY2011 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
68454
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
67704
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
14863000
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
423989
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
721149
CY2011 us-gaap Depreciation
Depreciation
2159361
CY2011 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
3327346
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
253812
CY2011 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
6813222
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
902000
CY2011 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
298378
CY2011 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
526959
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
394305
CY2011 us-gaap Defined Benefit Plan Future Amortization Of Prior Service Cost Credit
DefinedBenefitPlanFutureAmortizationOfPriorServiceCostCredit
21218
CY2011 us-gaap Interest Expense Debt
InterestExpenseDebt
722979
CY2011 us-gaap Operating Expenses
OperatingExpenses
21935120
CY2011 us-gaap Defined Benefit Plan Amortization Of Net Transition Asset Obligation
DefinedBenefitPlanAmortizationOfNetTransitionAssetObligation
-7487
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-33806
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3732653
CY2011 cto Deferred Compensation Plan Interest Rate
DeferredCompensationPlanInterestRate
0.060 pure
CY2011 cto Increase Decrease In Land And Development Costs
IncreaseDecreaseInLandAndDevelopmentCosts
3385019
CY2011 cto Allocated Deferred Compensation Earnings
AllocatedDeferredCompensationEarnings
91552
CY2011 cto Oil Exploration Lease Covering Area
OilExplorationLeaseCoveringArea
136000 acre
CY2011 cto Income From Operation Of Golf Course And Other Incomes
IncomeFromOperationOfGolfCourseAndOtherIncomes
4660802
CY2011 cto Number Of Properties Sold
NumberOfPropertiesSold
3 Property
CY2011 cto Oil Exploration Lease Period
OilExplorationLeasePeriod
P8Y
CY2011 cto Proceeds From Disposition Of Investment Securities
ProceedsFromDispositionOfInvestmentSecurities
6929493
CY2011 cto Effective Income Tax Rate Including Income Taxes Attributable To Discontinued Operations
EffectiveIncomeTaxRateIncludingIncomeTaxesAttributableToDiscontinuedOperations
0.393 pure
CY2011 cto Deferred Income Tax
DeferredIncomeTax
3011504
CY2011 cto Segment Reporting Income Property Operation Percent Of Consolidated Revenue
SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue
0.592 pure
CY2011 cto Cost And Expenses For Operating Golf Course
CostAndExpensesForOperatingGolfCourse
5993637
CY2011 cto Agriculture And Other Income Revenue
AgricultureAndOtherIncomeRevenue
124776
CY2011 cto Agriculture And Other Income Cost
AgricultureAndOtherIncomeCost
651423
CY2011 cto Increase Decrease In Impact Fees And Mitigation Credits
IncreaseDecreaseInImpactFeesAndMitigationCredits
277897
CY2011 cto Production Barrels Of Oil Wells
ProductionBarrelsOfOilWells
104221 bbl
CY2013 dei Entity Registrant Name
EntityRegistrantName
CONSOLIDATED TOMOKA LAND CO
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000023795
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
shares
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.20
CY2013 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0121 pure
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2013 us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2007
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5743137 shares
CY2013 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3754 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2307 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2013 us-gaap Defined Benefit Plans General Information
DefinedBenefitPlansGeneralInformation
The Company maintains a Defined Benefit Pension Plan (the “Pension Plan”) which prior to December 31, 2011 was for all employees who had attained the age of 21 and completed one year of service. The pension benefits were based primarily on years of service and the average compensation for the five highest consecutive years during the final ten years of employment. The benefit formula generally provided for a life annuity benefit.
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
CY2013 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.44
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
CY2013 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0500 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0011 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10887804
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.44
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.64
CY2013 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0700 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P7M6D
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5739383 shares
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.20
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
616278
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.44
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b><i><b><i>CONCENTRATION OF CREDIT RISK</i></b></i></b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> More than 42% of the Company&#x2019;s income property portfolio and all of the land holdings, golf operations, agriculture operations, and subsurface interests are in the State of Florida. Uncertainty of the duration of a prolonged real estate and economic downturn could have an adverse impact on the Company&#x2019;s real estate values.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> On a revenue basis, the largest of the Company&#x2019;s income property tenants consist of Holiday CVS, L.L.C. and Walgreen Co., which the Company considers good credit-quality tenants. Holiday CVS, L.L.C. revenues accounted for 9%, 16%, and 18% of our consolidated revenue, excluding a property sold in February 2013, and Walgreen Co. accounted for 6%, 13%, and 16% of our consolidated revenue, excluding three properties sold in May 2012,&#xA0;May 2013, and December 2013, for the years ended December&#xA0;31, 2013, 2012, and 2011, respectively. Holiday CVS, L.L.C. represented 13%, 19%, and 22% of the Company&#x2019;s income portfolio in terms of rentable square feet, excluding a property sold in February 2013, and Walgreen Co. represented 9%, 17%, and 20% of the Company&#x2019;s income portfolio in terms of rentable square feet, excluding three properties sold in May 2012,&#xA0;May 2013, and December 2013, as of December&#xA0;31, 2013, 2012, and 2011, respectively. During the year ended December&#xA0;31, 2013 revenue concentrations on the two tenants described above have dropped significantly due to the Company&#x2019;s continuing diversification of its income property tenant mix particularly with the addition of Bank of America, Hilton Resorts Corporation, and Big Lots as tenants and the addition of new revenue sources including the interest income from a commercial mortgage loan.</p> </div>
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.20
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b><i><b><i>RECLASSIFICATIONS</i></b></i></b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Certain items in the prior year&#x2019;s consolidated statements of operations have been reclassified to conform to the presentation of the statement of operations for the year ended December&#xA0;31, 2013. Specifically, loan cost amortization was previously included in depreciation and amortization on the consolidated financial statements and is now included in interest expense. In addition, deferred revenue was previously included with accrued liabilities on the consolidated balance sheets and is now segregated as its own line item. These reclassifications had no effect on the current year and prior year presentation of income (loss) from continuing operations before taxes.</p> </div>
CY2013 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
pure
CY2013 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y6M
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
58800 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Because of the adverse market conditions that currently exist in the Florida and national real estate markets, and financial and credit markets, it is possible that the estimates and assumptions, most notably with the Company&#x2019;s investment in income properties and its pension liability, could change materially during the time span associated with the continued weakened state of these real estate and financial markets.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
shares
CY2013 us-gaap Interest Paid
InterestPaid
1581433
CY2013 us-gaap Revenues
Revenues
25837844
CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
699486
CY2013 us-gaap Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
CY2013 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
20231
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4685265
CY2013 us-gaap Gain Loss On Investments
GainLossOnInvestments
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4453218
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1242295
CY2013 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
729814
CY2013 us-gaap Sales Of Real Estate
SalesOfRealEstate
5945510
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1645939
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
344585
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
629200
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1121709
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-26367
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
119532
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
53649817
CY2013 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
0
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
700123
CY2013 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
1215928
CY2013 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-239720
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
912225
CY2013 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
610216
CY2013 us-gaap Interest Income Other
InterestIncomeOther
405
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1002018
CY2013 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
1712913
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
6279377
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2920739
CY2013 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-736025
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
206075
CY2013 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
804080
CY2013 us-gaap Net Income Loss
NetIncomeLoss
3683247
CY2013 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1403842
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
792354
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
1826144
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
347733
CY2013 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
8172
CY2013 us-gaap Royalty Revenue
RoyaltyRevenue
267693
CY2013 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
12828214
CY2013 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
702827
CY2013 us-gaap Land Sales
LandSales
3000000
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2561538
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37868099
CY2013 us-gaap Exploration And Production Revenue
ExplorationAndProductionRevenue
1600000
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
39500000
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
366645
CY2013 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
60805
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1002018
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5433562
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
34448520
CY2013 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
3407133
CY2013 us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
3653901
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
194563
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2493400
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
344585
CY2013 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-1310053
CY2013 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-9537
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
901447
CY2013 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
10623310
CY2013 us-gaap Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
71585
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2974587
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3630773
CY2013 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
89270
CY2013 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
572907
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-354061
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2117918
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1044061
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
149791
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
431790
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1558626
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
14335817
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
264121
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
15372
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2885317
CY2013 us-gaap Acquisition Costs
AcquisitionCosts
90000
CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
704435
CY2013 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
385884
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41705551
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
591890
CY2013 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1624064
CY2013 cto Allocated Deferred Compensation Earnings
AllocatedDeferredCompensationEarnings
13859
CY2013 cto Income From Operation Of Golf Course And Other Incomes
IncomeFromOperationOfGolfCourseAndOtherIncomes
5074898
CY2013 cto Number Of Properties Sold
NumberOfPropertiesSold
3 Property
CY2013 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
202500
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
87750000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
101032
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
672501
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-2171173
CY2013 us-gaap Depreciation
Depreciation
2302086
CY2013 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
58447040
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
901447
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
402000
CY2013 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
87496
CY2013 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
1333974
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1817112
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
84600
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
1826564
CY2013 us-gaap Operating Expenses
OperatingExpenses
19558467
CY2013 us-gaap Defined Benefit Plan Amortization Of Net Transition Asset Obligation
DefinedBenefitPlanAmortizationOfNetTransitionAssetObligation
91111
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
183263
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1891680
CY2013 cto Deferred Compensation Plan Interest Rate
DeferredCompensationPlanInterestRate
0.030 pure
CY2013 cto Number Of Tenants
NumberOfTenants
2 Tenants
CY2013 cto Defined Benefit Plan Excess Of Unrecognized Gain Loss Of Market Related Value Of Assets Percentage
DefinedBenefitPlanExcessOfUnrecognizedGainLossOfMarketRelatedValueOfAssetsPercentage
0.10 pure
CY2013 cto Options Vest Description
OptionsVestDescription
One-third of these options will vest on each of the first, second, and third anniversaries of the grant date, provided the recipient is an employee of the Company on those dates.
CY2013 cto Segment Reporting Income Property Operation Percent Of Identifiable Asset
SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset
0.671 pure
CY2013 cto Increase Decrease In Land And Development Costs
IncreaseDecreaseInLandAndDevelopmentCosts
-3463333
CY2013 cto Share Based Payment Plan Expiry Month Year
ShareBasedPaymentPlanExpiryMonthYear
2011-04
CY2013 cto Segment Reporting Income Property Operation Percent Of Consolidated Revenue
SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue
0.496 pure
CY2013 cto Deferred Income Tax
DeferredIncomeTax
279493
CY2013 cto Defined Benefits And Plan Expenses Paid
DefinedBenefitsAndPlanExpensesPaid
644492
CY2013 cto Restricted Shares Vesting Condition Description
RestrictedSharesVestingConditionDescription
The restricted shares will vest in six increments based upon the price per share of Company common stock during the term of their employment (or within 60 days after termination of employment by the Company without cause), meeting or exceeding the target trailing 60-day average closing prices ranging from $36 per share for the first increment to $65 per share for the final increment.
CY2013 cto Future Accrual Pension
FutureAccrualPension
0
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P12M
CY2013 cto Proceeds From Disposition Of Investment Securities
ProceedsFromDispositionOfInvestmentSecurities
CY2013 cto Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Cancelled And Forfeited In Period
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2833 shares
CY2013 cto Effective Income Tax Rate Including Income Taxes Attributable To Discontinued Operations
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0.413 pure
CY2013 cto Number Of Real Estate Properties Sold During Period
NumberOfRealEstatePropertiesSoldDuringPeriod
4 Property
CY2013 cto Restricted Share Award Employee Benefit Termination Period
RestrictedShareAwardEmployeeBenefitTerminationPeriod
P60D
CY2013 cto Subsurface Interest Area Of Land
SubsurfaceInterestAreaOfLand
490000 acre
CY2013 cto Defined Benefit Plan Excess Of Unrecognized Gain Loss Amortization Period
DefinedBenefitPlanExcessOfUnrecognizedGainLossAmortizationPeriod
P12Y7M6D
CY2013 cto Subsurface Interest In Number Of Countries
SubsurfaceInterestInNumberOfCountries
20 Country
CY2013 cto Restricted Share Award Closing Prices Per Share Maximum
RestrictedShareAwardClosingPricesPerShareMaximum
65
CY2013 cto Deferred Compensation Arrangement Insurance Plan Maximum Coverage Value
DeferredCompensationArrangementInsurancePlanMaximumCoverageValue
5000
CY2013 cto Cash And Cash Equivalents Maximum Original Maturity Period
CashAndCashEquivalentsMaximumOriginalMaturityPeriod
P90D
CY2013 cto Summary Judgment Of Foreclosure Hearing Date
SummaryJudgmentOfForeclosureHearingDate
2012-01-12
CY2013 cto Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures And Expired Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresAndExpiredWeightedAverageGrantDateFairValue
23.13
CY2013 cto Defined Benefit Plan Excess Of Unrecognized Gain Loss Of Projected Benefit Obligation Percentage
DefinedBenefitPlanExcessOfUnrecognizedGainLossOfProjectedBenefitObligationPercentage
0.10 pure
CY2013 cto Number Of Facility Operated By Entity
NumberOfFacilityOperatedByEntity
2 Facility
CY2013 cto Deferred Compensation Arrangement Accrued Compensation Expense
DeferredCompensationArrangementAccruedCompensationExpense
156881
CY2013 cto Number Of New Option Shares Issued
NumberOfNewOptionSharesIssued
0 shares
CY2013 cto Number Of Securities
NumberOfSecurities
0 Securities
CY2013 cto Restricted Share Award Closing Prices Per Share Minimum
RestrictedShareAwardClosingPricesPerShareMinimum
36
CY2013 cto Golf Operation Description
GolfOperationDescription
Our golf operations consist of a single property located in the City of Daytona Beach, with two 18-hole championship golf courses
CY2013 cto Cost And Expenses For Operating Golf Course
CostAndExpensesForOperatingGolfCourse
5487075
CY2013 cto Share Based Compensation Arrangement By Share Based Payment Award Award Expiration Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardExpirationPeriod
P10Y
CY2013 cto Agriculture And Other Income Revenue
AgricultureAndOtherIncomeRevenue
276309
CY2013 cto Agriculture And Other Income Cost
AgricultureAndOtherIncomeCost
148360
CY2013 cto Decrease In Liability Due To Payment For Completion Of Improvements
DecreaseInLiabilityDueToPaymentForCompletionOfImprovements
714000
CY2013 cto Payment To Acquire Commercial Mortgage Loan
PaymentToAcquireCommercialMortgageLoan
17658204
CY2013 cto Proceed From Commercial Mortgage Loan
ProceedFromCommercialMortgageLoan
95000
CY2013 cto Pension Benefits Average Compensation Highest Consecutive Periods
PensionBenefitsAverageCompensationHighestConsecutivePeriods
P5Y
CY2013 cto Duration Of Payment During Lease Period
DurationOfPaymentDuringLeasePeriod
P12M
CY2013 cto Commitment And Contingencies Last Date Of Trial
CommitmentAndContingenciesLastDateOfTrial
2014-04
CY2013 cto Defined Benefit Plan Liability Unrecognized Loss
DefinedBenefitPlanLiabilityUnrecognizedLoss
129024
CY2013 cto Defined Benefit Plan Asset Unrecognized Gain Occurring Over Measuring Period
DefinedBenefitPlanAssetUnrecognizedGainOccurringOverMeasuringPeriod
736025
CY2013 cto Defined Benefit Plan Unrecognized Gain Due To Assumption Changes
DefinedBenefitPlanUnrecognizedGainDueToAssumptionChanges
933104
CY2013 cto Defined Benefit Plan Aggregate Unrecognized Gain
DefinedBenefitPlanAggregateUnrecognizedGain
1540105
CY2013 cto Business Combination Number Of Acquired Property Out Of Full Acquisition
BusinessCombinationNumberOfAcquiredPropertyOutOfFullAcquisition
2 Property
CY2013 cto Increase Decrease In Impact Fees And Mitigation Credits
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231986
CY2013 cto Pension Benefits Average Compensation Highest Consecutive Final Period Of Employment
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P10Y
CY2013 cto Short Term Obligations Of Domestic Government Percentage Of Consolidated Assets
ShortTermObligationsOfDomesticGovernmentPercentageOfConsolidatedAssets
0.04 pure
CY2013 cto Area Of Operating Lease Oil Wells
AreaOfOperatingLeaseOilWells
800 acre
CY2013 cto Production Barrels Of Oil Wells
ProductionBarrelsOfOilWells
88782 bbl
CY2013 cto Decrease In Finite Lived Intangible Asset Acquired In Place Leases
DecreaseInFiniteLivedIntangibleAssetAcquiredInPlaceLeases
416000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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shares
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.10
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0039 pure
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5717937 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2434 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P3Y
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0400 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0013 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3503663
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.10
CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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0.0700 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5717937 shares
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.10
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.10
CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
pure
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.04
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
198300 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
shares
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
190507
CY2012 us-gaap Revenues
Revenues
16232970
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1535854
CY2012 us-gaap Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
491147
CY2012 us-gaap Gain Loss On Investments
GainLossOnInvestments
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29023
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
239645
CY2012 us-gaap Sales Of Real Estate
SalesOfRealEstate
3098840
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
228726
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
67859
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
599503
CY2012 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
78455
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20905714
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
59696
CY2012 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
78455
CY2012 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-160185
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
936467
CY2012 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
1324330
CY2012 us-gaap Interest Income Other
InterestIncomeOther
1485
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-108055
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
863901
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1478688
CY2012 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-390400
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
239645
CY2012 us-gaap Interest Paid
InterestPaid
491048
CY2012 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-636013
CY2012 us-gaap Net Income Loss
NetIncomeLoss
599202
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
993255
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
975991
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
404010
CY2012 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0
CY2012 us-gaap Royalty Revenue
RoyaltyRevenue
286536
CY2012 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
8463082
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
453654
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-301
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24916936
CY2012 us-gaap Exploration And Production Revenue
ExplorationAndProductionRevenue
919000
CY2012 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
25900000
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-2779511
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
108055
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6624584
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13154700
CY2012 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
7773165
CY2012 us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
705062
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
297222
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
102905
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
228726
CY2012 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-932366
CY2012 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
28796
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
1047335
CY2012 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
6973625
CY2012 us-gaap Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
84131
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2211516
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1295565
CY2012 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
211524
CY2012 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
535076
CY2012 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
245726
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
335361
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-825123
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-8360
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
54855
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-10158
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
480150
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-269712
CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
376488
CY2012 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
406689
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15362798
CY2012 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
177500
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
-23055
CY2012 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
536017
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-95370
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2010505
CY2012 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
426794
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
112666
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
34765849
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
411309
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
393804
CY2012 us-gaap Depreciation
Depreciation
1810720
CY2012 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
26395624
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1047335
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
666000
CY2012 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
94374
CY2012 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
676096
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
58443
CY2012 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
473540
CY2012 us-gaap Interest Expense Debt
InterestExpenseDebt
648683
CY2012 us-gaap Operating Expenses
OperatingExpenses
15369069
CY2012 us-gaap Defined Benefit Plan Amortization Of Net Transition Asset Obligation
DefinedBenefitPlanAmortizationOfNetTransitionAssetObligation
69699
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-10204
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28722
CY2012 cto Asset Impairment Indicators
AssetImpairmentIndicators
0 Indicator
CY2012 cto Deferred Compensation Plan Interest Rate
DeferredCompensationPlanInterestRate
0.030 pure
CY2012 cto Segment Reporting Income Property Operation Percent Of Identifiable Asset
SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset
0.708 pure
CY2012 cto Increase Decrease In Land And Development Costs
IncreaseDecreaseInLandAndDevelopmentCosts
22601
CY2012 cto Allocated Deferred Compensation Earnings
AllocatedDeferredCompensationEarnings
40575
CY2012 cto Income From Operation Of Golf Course And Other Incomes
IncomeFromOperationOfGolfCourseAndOtherIncomes
4506069
CY2012 cto Number Of Properties Sold
NumberOfPropertiesSold
3 Property
CY2012 cto Proceeds From Disposition Of Investment Securities
ProceedsFromDispositionOfInvestmentSecurities
CY2012 cto Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Cancelled And Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsCancelledAndForfeitedInPeriod
1417 shares
CY2012 cto Effective Income Tax Rate Including Income Taxes Attributable To Discontinued Operations
EffectiveIncomeTaxRateIncludingIncomeTaxesAttributableToDiscontinuedOperations
0.367 pure
CY2012 cto Deferred Income Tax
DeferredIncomeTax
-365082
CY2012 cto Defined Benefits And Plan Expenses Paid
DefinedBenefitsAndPlanExpensesPaid
619207
CY2012 cto Segment Reporting Income Property Operation Percent Of Consolidated Revenue
SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue
0.521 pure
CY2012 cto Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures And Expired Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresAndExpiredWeightedAverageGrantDateFairValue
23.13
CY2012 cto Deferred Compensation Arrangement Accrued Compensation Expense
DeferredCompensationArrangementAccruedCompensationExpense
186695
CY2012 cto Cost And Expenses For Operating Golf Course
CostAndExpensesForOperatingGolfCourse
5393633
CY2012 cto Agriculture And Other Income Revenue
AgricultureAndOtherIncomeRevenue
164979
CY2012 cto Agriculture And Other Income Cost
AgricultureAndOtherIncomeCost
198834
CY2012 cto Increase Decrease In Impact Fees And Mitigation Credits
IncreaseDecreaseInImpactFeesAndMitigationCredits
347548
CY2012 cto Production Barrels Of Oil Wells
ProductionBarrelsOfOilWells
81441 bbl
CY2012Q2 cto Reversal Of Remaining Commitment And Reimbursement
ReversalOfRemainingCommitmentAndReimbursement
160000
CY2012Q2 cto Gain On Sale Of Real Estate
GainOnSaleOfRealEstate
730000
CY2012Q3 cto Settlement Reserve Accrued
SettlementReserveAccrued
611691
CY2013Q2 cto Area Of Land Used For Transaction
AreaOfLandUsedForTransaction
3.21 acre

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