| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income (loss) | ||||||||
2,814 | 5,813 | -1,676 | -9,267 | 2,057 | -6,748 | 625 | -671 | 10,443 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Gain on sale of real estate | ||||||||
- | - | - | - | 11,100 | 0 | - | - | - |
Gain on insurance recovery | ||||||||
- | - | - | - | - | 249 | - | - | - |
Loss on extinguishment of debt | ||||||||
- | - | - | - | - | -3,910 | 0 | - | - |
Loss on disposal of assets | ||||||||
-398 | 0 | - | -30 | -47 | -1,092 | 0 | - | - |
Legal settlement costs | ||||||||
- | - | - | 5,575 | 0 | - | - | - | - |
Unrealized loss on other investments | ||||||||
0 | -42 | 0 | -127 | -204 | 181 | -216 | -436 | 11,565 |
Impairment loss on other investments | ||||||||
98 | 200 | 178 | 673 | 701 | 101 | 105 | 917 | 976 |
Depreciation and amortization | ||||||||
4,777 | 4,776 | 5,389 | - | 4,943 | 4,723 | 4,577 | 4,471 | 6,311 |
Depreciation | ||||||||
- | - | - | 5,146 | - | - | - | - | - |
Amortization | ||||||||
- | - | - | 84 | - | - | - | - | - |
Gain on insurance recovery | ||||||||
- | - | - | - | - | - | -404 | 0 | -322 |
Gain on sale of real estate | ||||||||
- | - | - | - | - | - | - | 1,710 | 3,290 |
Net unrealized loss (gain) on marketable securities | ||||||||
-927 | 3,598 | -3,852 | -6,199 | -3,062 | -128 | -1,003 | -1,816 | 2,628 |
Deferred taxes | ||||||||
-1,713 | 4,352 | -122 | -3,988 | -940 | -3,674 | -364 | -613 | 4,852 |
Stock compensation expense | ||||||||
76 | 184 | 268 | 479 | 752 | 564 | 412 | 329 | 350 |
Changes in operating assets and liabilities: | ||||||||
Investment in marketable securities | ||||||||
-3,218 | -6,934 | 6,747 | 1,401 | -2,531 | -1,076 | 4,646 | -8,641 | 9,098 |
Other assets | ||||||||
-2,823 | 1,820 | -2,806 | -4,409 | -675 | 2,005 | 536 | 732 | 133 |
Accounts payable and other liabilities | ||||||||
1,819 | -2,535 | -2,720 | -383 | -361 | 6,774 | 723 | 7 | 874 |
Due to securities broker | ||||||||
-258 | -1,125 | 1,519 | 1,148 | -2,580 | 163 | 1,033 | -7,725 | 7,219 |
Obligations for securities sold | ||||||||
710 | 1,775 | -3,547 | -141 | 153 | 2,390 | 1,834 | 57 | -1,024 |
Net cash provided by operating activities | ||||||||
- | - | - | - | -162 | 3,284 | 4,578 | - | - |
Net proceeds from the sale of real estate | ||||||||
- | - | - | - | 17,592 | 0 | - | - | - |
Net cash provided by operating activities | ||||||||
14,269 | 11,448 | 6,294 | 8,972 | - | - | - | 5,223 | 2,965 |
Cash flows from investing activities: | ||||||||
Proceeds from sale of real estate | ||||||||
- | - | - | - | - | - | - | 4,111 | 5,291 |
Payments for hotel investments | ||||||||
1,397 | 212 | 328 | 4,064 | 5,083 | 3,696 | 3,486 | 2,818 | 1,787 |
Payments for real estate investments | ||||||||
833 | 732 | 875 | 2,681 | 604 | 337 | 1,930 | 293 | 5,218 |
Proceeds from (purchase of) other investments | ||||||||
-103 | -156 | 360 | - | - | - | - | - | - |
Payments for other investments | ||||||||
- | - | - | 0 | 150 | 477 | - | - | - |
Proceeds from (payments for) other investments | ||||||||
- | - | - | - | - | - | 60 | - | - |
Other investments, net | ||||||||
- | - | - | - | - | - | - | 271 | - |
Payments for investment in Santa Fe | ||||||||
123 | 4 | 83 | 120 | 101 | 76 | 156 | 471 | - |
Investment in Justice | ||||||||
150 | 0 | - | - | - | - | - | - | - |
Investment in Portsmouth | ||||||||
- | - | 36 | 113 | 32 | 2 | 75 | 145 | - |
Payments for other investments | ||||||||
- | - | - | - | - | - | - | - | 210 |
Proceeds from mortgage notes payable | ||||||||
- | - | - | - | - | 156,660 | 39,240 | - | - |
Net cash used in investing activities | ||||||||
-2,400 | -792 | -1,682 | -6,978 | - | - | - | 826 | -2,476 |
Cash flows from financing activities: | ||||||||
Investment in Portsmouth | ||||||||
- | - | - | - | - | - | - | - | 45 |
Investment in Portsmouth | ||||||||
- | - | - | - | - | - | - | - | 0 |
Investment in Santa Fe | ||||||||
- | - | - | - | - | - | - | -171 | 507 |
Net cash used in investing activities | ||||||||
- | - | - | - | 11,622 | -4,588 | -5,587 | - | - |
Restricted cash for capital improvements and mortgage impounds | ||||||||
- | - | -4,181 | -353 | 17,277 | -17,697 | -471 | - | - |
Redemption payments and dividends to noncontrolling interest | ||||||||
- | - | - | - | - | - | 0 | 500 | - |
Redemption of noncontrolling interest | ||||||||
- | - | - | 50 | 16,163 | 47,989 | 636 | - | - |
Principal payments on mortgage notes payable | ||||||||
- | - | - | - | - | - | - | 4,736 | 12,320 |
Net payments of mortgage and other notes payable | ||||||||
- | - | - | - | - | - | 37,767 | 714 | 902 |
Distributions to noncontrolling interest | ||||||||
- | - | - | - | - | - | - | - | 0 |
Borrowings from mortgage notes payable, net | ||||||||
- | - | - | - | - | - | - | 2,095 | 13,654 |
Net payments of mortgage and other notes payable | ||||||||
-6,154 | -2,776 | -2,420 | -4,512 | -8,734 | -86,448 | - | - | - |
Proceeds from line of credit | ||||||||
2,985 | 0 | - | - | - | - | - | - | - |
Purchase of treasury stock | ||||||||
1,079 | 642 | 544 | 204 | 60 | 5 | 56 | 1,458 | 735 |
Proceeds from exercise of options | ||||||||
- | - | - | - | 44 | 35 | 52 | 0 | 38 |
Net cash (used in) provided by financing activities | ||||||||
- | - | - | - | -7,636 | 4,556 | 362 | - | - |
Net cash used in financing activities | ||||||||
-4,248 | -3,418 | -7,145 | -5,119 | - | - | - | -5,313 | -265 |
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||||
7,621 | 7,238 | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||
- | - | -2,533 | -3,125 | 3,824 | 3,252 | -647 | 736 | 224 |
Supplemental information: | ||||||||
Taxes paid | ||||||||
1,239 | -171 | -1,063 | - | - | - | - | - | - |
Income tax paid | ||||||||
- | - | - | 2,078 | 1,190 | 180 | 327 | 159 | 116 |
Interest paid | ||||||||
10,011 | 10,399 | 10,256 | 10,324 | 10,753 | 8,932 | 6,803 | 6,830 | 7,037 |
Additions to Hotel equipment through capital lease | ||||||||
382 | 1,364 | 0 | - | - | - | - | - | - |
Conversion of other investments to marketable securities | ||||||||
- | - | - | 13,231 | 0 | - | - | - | - |