$CTO
CTO Realty Growth, Inc.

2015 Q1 Form 10-Q Financial Statement

#000119312515174687 Filed on May 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $7.308M $7.173M
YoY Change 1.89% 47.73%
Cost Of Revenue $2.680M $1.990M
YoY Change 34.67% 11.17%
Gross Profit $4.620M $5.190M
YoY Change -10.98% 69.06%
Gross Profit Margin 63.22% 72.36%
Selling, General & Admin $1.470M $1.510M
YoY Change -2.65% -13.71%
% of Gross Profit 31.82% 29.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.156M $772.0K
YoY Change 49.71% 10.42%
% of Gross Profit 25.02% 14.87%
Operating Expenses $5.814M $4.269M
YoY Change 36.21% 0.62%
Operating Profit $1.494M $2.904M
YoY Change -48.56% 374.07%
Interest Expense $1.067M $467.7K
YoY Change 128.06% -237.54%
% of Operating Profit 71.39% 16.1%
Other Income/Expense, Net
YoY Change
Pretax Income $577.8K $2.450M
YoY Change -76.42% 790.4%
Income Tax $224.5K $949.8K
% Of Pretax Income 38.85% 38.76%
Net Earnings $353.4K $1.500M
YoY Change -76.45% 345.17%
Net Earnings / Revenue 4.83% 20.92%
Basic Earnings Per Share $0.06 $0.26
Diluted Earnings Per Share $0.06 $0.26
COMMON SHARES
Basic Shares Outstanding 5.827M 5.745M shares
Diluted Shares Outstanding 5.860M 5.748M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.10M $1.100M
YoY Change 2181.82% -23.06%
Cash & Equivalents $25.08M $1.059M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $38.30M $24.10M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $63.40M $25.20M
YoY Change 151.59% 1700.0%
LONG-TERM ASSETS
Property, Plant & Equipment $173.7M $162.2M
YoY Change 7.1% -13.58%
Goodwill
YoY Change
Intangibles $8.987M
YoY Change
Long-Term Investments $5.400M $800.0K
YoY Change 575.0%
Other Assets $11.60M $1.200M
YoY Change 866.67% 33.33%
Total Long-Term Assets $241.7M $184.6M
YoY Change 30.92% -9.69%
TOTAL ASSETS
Total Short-Term Assets $63.40M $25.20M
Total Long-Term Assets $241.7M $184.6M
Total Assets $305.1M $209.8M
YoY Change 45.42% 1.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.200M $1.100M
YoY Change 9.09% 450.0%
Accrued Expenses $5.600M $4.500M
YoY Change 24.44% -18.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $6.800M $6.700M
YoY Change 1.49% 1.52%
LONG-TERM LIABILITIES
Long-Term Debt $129.3M $47.20M
YoY Change 173.94% -3.87%
Other Long-Term Liabilities $1.900M $2.500M
YoY Change -24.0% 31.58%
Total Long-Term Liabilities $131.2M $49.70M
YoY Change 163.98% -2.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.800M $6.700M
Total Long-Term Liabilities $131.2M $49.70M
Total Liabilities $173.6M $88.83M
YoY Change 95.48% -2.07%
SHAREHOLDERS EQUITY
Retained Earnings $112.9M $108.1M
YoY Change 4.47%
Common Stock $19.70M $14.47M
YoY Change 36.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.382M $1.382M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $131.5M $121.0M
YoY Change
Total Liabilities & Shareholders Equity $305.1M $209.8M
YoY Change 45.42% 1.95%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $353.4K $1.500M
YoY Change -76.45% 345.17%
Depreciation, Depletion And Amortization $1.156M $772.0K
YoY Change 49.71% 10.42%
Cash From Operating Activities -$340.9K -$125.1K
YoY Change 172.46% -109.7%
INVESTING ACTIVITIES
Capital Expenditures $81.38K $839.9K
YoY Change -90.31% -96.73%
Acquisitions
YoY Change
Other Investing Activities -$5.310M $14.02M
YoY Change -137.87% 117.36%
Cash From Investing Activities -$5.394M $13.18M
YoY Change -140.93% -161.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $927.9K
YoY Change
Debt Paid & Issued, Net $47.54M $18.00M
YoY Change 164.11% -52.23%
Cash From Financing Activities 28.93M -16.93M
YoY Change -270.92% -183.47%
NET CHANGE
Cash From Operating Activities -340.9K -125.1K
Cash From Investing Activities -5.394M 13.18M
Cash From Financing Activities 28.93M -16.93M
Net Change In Cash 23.20M -3.874M
YoY Change -698.82% -3079.89%
FREE CASH FLOW
Cash From Operating Activities -$340.9K -$125.1K
Capital Expenditures $81.38K $839.9K
Free Cash Flow -$422.3K -$965.0K
YoY Change -56.24% -96.05%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CapitalExpendituresAgreedUnderLeaseArrangement
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CY2012Q3 cto Gross Revenue Value For Additional Rent Under Lease Amendment Lower Limit
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CY2012Q3 cto Additional Rent Percentage Under Lease Amendment Two
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0.070 pure
CY2012Q3 cto Annual Rate Adjustment Percentage
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CY2012Q3 cto Lease Term Expiration Year
LeaseTermExpirationYear
2022
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914000
CY2011 cto Oil Exploration Lease Covering Area
OilExplorationLeaseCoveringArea
136000 acre
CY2011 cto Oil Exploration Lease Period
OilExplorationLeasePeriod
P8Y
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0007 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0078 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.3407 pure
CY2014 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
14900000
CY2014 cto Segment Reporting Income Property Operation Percent Of Identifiable Asset
SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset
0.687 pure
CY2014 cto Prior Period Reclassification Adjustment Increase Decrease In Intangible Assets
PriorPeriodReclassificationAdjustmentIncreaseDecreaseInIntangibleAssets
3000000
CY2014 cto Prior Period Reclassification Adjustment Increase Decrease In Property Plant And Equipment
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-2300000
CY2014 cto Prior Period Reclassification Adjustment Increase Decrease In Accrues And Other Liabilities
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670000
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
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-125124
CY2014Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0
CY2014Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5747529 shares
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.26
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q1 us-gaap Increase Decrease In Restricted Cash
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CY2014Q1 us-gaap Income Taxes Paid Net
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CY2014Q1 us-gaap Payments To Acquire Productive Assets
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CY2014Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2014Q1 us-gaap Exploration And Production Revenue
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CY2014Q1 us-gaap Comprehensive Income Net Of Tax
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CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2014Q1 us-gaap Gain Loss On Sale Of Investments
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CY2014Q1 us-gaap Revenues
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CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2014Q1 us-gaap Investment Income Net
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CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2014Q1 us-gaap Depreciation Depletion And Amortization
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CY2014Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2014Q1 us-gaap Interest Expense Debt Excluding Amortization
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413000
CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2014Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2014Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
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CY2014Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2014Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
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CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
27245
CY2014Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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CY2014Q1 us-gaap Accretion Of Discount
AccretionOfDiscount
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CY2014Q1 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
29711
CY2014Q1 us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
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CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2014Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
184636
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
291092
CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2000000
CY2014Q1 cto Cost And Expenses For Operating Golf Course
CostAndExpensesForOperatingGolfCourse
1333026
CY2014Q1 cto Increase Decrease In Impact Fees And Mitigation Credits
IncreaseDecreaseInImpactFeesAndMitigationCredits
72735
CY2014Q1 cto Segment Reporting Income Property Operation Percent Of Consolidated Revenue
SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue
0.475 pure
CY2014Q1 cto Agriculture And Other Income Revenue
AgricultureAndOtherIncomeRevenue
57844
CY2014Q1 cto Increase Decrease In Land And Development Costs
IncreaseDecreaseInLandAndDevelopmentCosts
316656
CY2014Q1 cto Effective Income Tax Rate Including Income Taxes Attributable To Discontinued Operations
EffectiveIncomeTaxRateIncludingIncomeTaxesAttributableToDiscontinuedOperations
0.388 pure
CY2014Q1 cto Increase Decrease In Pension Assets
IncreaseDecreaseInPensionAssets
28379
CY2014Q1 cto Income From Operation Of Golf Course And Other Incomes
IncomeFromOperationOfGolfCourseAndOtherIncomes
1417379
CY2014Q1 cto Agriculture And Other Income Cost
AgricultureAndOtherIncomeCost
61413
CY2014Q1 cto Payment To Acquire Commercial Loan Investments
PaymentToAcquireCommercialLoanInvestments
5000000
CY2014Q1 cto Prior Period Reclassification Adjustment Increase Decrease In Revenues
PriorPeriodReclassificationAdjustmentIncreaseDecreaseInRevenues
73000
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
CONSOLIDATED TOMOKA LAND CO
CY2015Q1 dei Trading Symbol
TradingSymbol
CTO
CY2015Q1 us-gaap Defined Benefit Plans General Information
DefinedBenefitPlansGeneralInformation
The Company maintained a Defined Benefit Pension Plan (the "Pension Plan") which had been, prior to December 31, 2011, for all employees who had attained the age of 21 and completed one year of service.
CY2015Q1 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
2
CY2015Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4M24D
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0013 pure
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0067 pure
CY2015Q1 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 Preparation of Financial Statements</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with GAAP 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"> Because of the fluctuating market conditions that currently exist in the Florida and national real estate markets, and the volatility and uncertainty in the financial and credit markets, it is possible that the estimates and assumptions, most notably those related to the Company&#x2019;s investment in income properties and net pension asset, could change materially during the time span associated with the continued volatility of the real estate and financial markets or as a result of a significant dislocation in those markets.</p> </div>
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
CY2015Q1 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.
CY2015Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
33721 shares
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5860361 shares
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000023795
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.06
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3331 pure
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25200 shares
CY2015Q1 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'; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b><i>Reclassifications</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'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> Certain items in the prior period&#x2019;s consolidated balance sheet and statement of operations have been reclassified to conform to the presentation as of and for the three months ended March&#xA0;31, 2015. Specifically, land, timber, and subsurface interests were previously stated as a separate line item within property, plant, and equipment and accumulated depreciation on the consolidated balance sheets and are now included with land, timber, and development costs as all of the costs are related to the Company&#x2019;s land portfolio of over 10,500 acres. The amount reclassified to land, timber, and development costs was approximately $14.9 million as of December&#xA0;31, 2014. Also, third-party purchase price allocations performed during the three months ended March&#xA0;31, 2015 related to three 2014 income property acquisitions resulted in a revised allocation between income properties, land, buildings, and improvements, intangible assets, and accrued and other liabilities. As of December&#xA0;31, 2014, the reclassifications made relating to the purchase price allocations were to increase intangible assets by approximately $3.0 million, decrease income properties, land, buildings, and improvements by approximately $2.3 million, and increase accrued and other liabilities by approximately $670,000. In addition, revenue and cost of sales related to impact fees sold were previously reported net in the consolidated statements of income. Current presentation reports the revenues and cost basis of impact fees sold as revenues from and direct costs of real estate operations, respectively, in the consolidated statements of operations. The increase in revenues and the direct costs of revenues was approximately $73,000 for the three months ended March&#xA0;31, 2014. These reclassifications had an immaterial effect on total assets and no effect on income from continuing operations as of and for the three months ended March&#xA0;31, 2014.</p> </div>
CY2015Q1 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
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CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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5826640 shares
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StockIssuedDuringPeriodValueNewIssues
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CY2015Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
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CY2015Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
577000
CY2015Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
130791
CY2015Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2015Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2015Q1 us-gaap Payments To Acquire Productive Assets
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CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2015Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
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CY2015Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2015Q1 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
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CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2015Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2015Q1 us-gaap Cost Method Investments Realized Gain Loss
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CY2015Q1 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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CY2015Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2015Q1 us-gaap Operating Income Loss
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CY2015Q1 us-gaap Gain Loss On Disposition Of Assets
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CY2015Q1 us-gaap Exploration And Production Revenue
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CY2015Q1 us-gaap Comprehensive Income Net Of Tax
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CY2015Q1 us-gaap Increase Decrease In Deferred Income Taxes
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CY2015Q1 us-gaap Revenues
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CY2015Q1 us-gaap Net Income Loss
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CY2015Q1 us-gaap Investment Income Net
InvestmentIncomeNet
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CY2015Q1 us-gaap Interest Paid
InterestPaid
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GainLossOnSaleOfProperties
-277000
CY2015Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2015Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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CY2015Q1 us-gaap Interest And Fee Income Loans Commercial
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IncreaseDecreaseInIncomeTaxesReceivable
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CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2015Q1 us-gaap Depreciation Depletion And Amortization
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CY2015Q1 us-gaap Interest Expense
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CY2015Q1 us-gaap Amortization Of Financing Costs And Discounts
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CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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-29563
CY2015Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
969000
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-49240
CY2015Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
422000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-5393950
CY2015Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1155739
CY2015Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
640846
CY2015Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
233000
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
144200
CY2015Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6500
CY2015Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
25458
CY2015Q1 us-gaap Cost Of Services Environmental Remediation
CostOfServicesEnvironmentalRemediation
8000
CY2015Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-702480
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28932448
CY2015Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
2684332
CY2015Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
81551
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
127022
CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
834964
CY2015Q1 us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
598723
CY2015Q1 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
170000
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1469766
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
360036
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
75352
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
76375000
CY2015Q1 cto Cost And Expenses For Operating Golf Course
CostAndExpensesForOperatingGolfCourse
1389612
CY2015Q1 cto Lease Periods
LeasePeriods
P12M
CY2015Q1 cto Oil Exploration Lease Covering Area
OilExplorationLeaseCoveringArea
42000 acre
CY2015Q1 cto Restricted Shares Vesting Condition Description
RestrictedSharesVestingConditionDescription
The restricted shares will vest in six increments based upon the price per share of the Company’s common stock during the term of their employment (or within ninety days after termination of employment by the Company without cause), meeting or exceeding the target trailing ninety-day average closing prices ranging from $36 per share for the first increment to $65 per share for the final increment.
CY2015Q1 cto Increase Decrease In Impact Fees And Mitigation Credits
IncreaseDecreaseInImpactFeesAndMitigationCredits
353006
CY2015Q1 cto Restricted Share Award Closing Prices Per Share Maximum
RestrictedShareAwardClosingPricesPerShareMaximum
65
CY2015Q1 cto Number Of Land Transactions
NumberOfLandTransactions
0 Transactions
CY2015Q1 cto Segment Reporting Income Property Operation Percent Of Consolidated Revenue
SegmentReportingIncomePropertyOperationPercentOfConsolidatedRevenue
0.583 pure
CY2015Q1 cto Restricted Share Award Employee Benefit Termination Period
RestrictedShareAwardEmployeeBenefitTerminationPeriod
P90D
CY2015Q1 cto Segment Reporting Income Property Operation Percent Of Identifiable Asset
SegmentReportingIncomePropertyOperationPercentOfIdentifiableAsset
0.618 pure
CY2015Q1 cto Restricted Share Award Closing Prices Per Share Minimum
RestrictedShareAwardClosingPricesPerShareMinimum
36
CY2015Q1 cto Agriculture And Other Income Revenue
AgricultureAndOtherIncomeRevenue
18939
CY2015Q1 cto Summary Judgment Of Foreclosure Hearing Date
SummaryJudgmentOfForeclosureHearingDate
2012-01-12
CY2015Q1 cto Share Based Compensation Arrangement By Share Based Payment Award Number Of Increments To Vest Stock Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfIncrementsToVestStockOptions
6 Increment
CY2015Q1 cto Increase Decrease In Land And Development Costs
IncreaseDecreaseInLandAndDevelopmentCosts
219062
CY2015Q1 cto Oil Exploration Lease Period
OilExplorationLeasePeriod
P8Y
CY2015Q1 cto Effective Income Tax Rate Including Income Taxes Attributable To Discontinued Operations
EffectiveIncomeTaxRateIncludingIncomeTaxesAttributableToDiscontinuedOperations
0.388 pure
CY2015Q1 cto Golf Operation Description
GolfOperationDescription
Our golf operations consist of a single property located in the City, with two 18-hole championship golf courses
CY2015Q1 cto Amended Oil Exploration Lease Term Description
AmendedOilExplorationLeaseTermDescription
The terms of the lease state the Company will receive royality payments if production occurs and may receive additional annual rental payments if the lease is continued in years five through eight
CY2015Q1 cto Income From Operation Of Golf Course And Other Incomes
IncomeFromOperationOfGolfCourseAndOtherIncomes
1537426
CY2015Q1 cto Agriculture And Other Income Cost
AgricultureAndOtherIncomeCost
55151
CY2015Q1 cto Accretion Of Loans Origination Fees
AccretionOfLoansOriginationFees
13364
CY2015Q1 cto Payment To Acquire Commercial Loan Investments
PaymentToAcquireCommercialLoanInvestments
161796
CY2015Q1 cto Number Of Commercial Loan Investments
NumberOfCommercialLoanInvestments
5 Commercial_Loan

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