10-K Filing

INTERGROUP CORP CIK: 69422 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001144204-17-052400`
Period End Date	20170630
Filing Date	20171013
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	intg-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 52 Cash Flow Statement 68 Stockholders Equity 18

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Investment in Hotel, net	`RealEstateInvestmentPropertyNet`	$44.82M	USD	Point-in-time
Investment in Hotel, net	`RealEstateInvestmentPropertyNet`	$42.09M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$56.36M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$54.98M	USD	Point-in-time
Preferred stock , shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock , shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investment in marketable securities	`TradingSecurities`	$14.28M	USD	Point-in-time
Investment in marketable securities	`TradingSecurities`	$17.18M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Other investments, net	`OtherInvestments`	$1.03M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Other investments, net	`OtherInvestments`	$1.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.40M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.38M	shares	Point-in-time
Restricted cash	`RestrickedCashMortgageImpounds`	$3.22M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.36M	shares	Point-in-time
Restricted cash	`RestrickedCashMortgageImpounds`	$7.40M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.64M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.01M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.04M	shares	Point-in-time
Other assets, net	`OtherAssets`	$3.37M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNet`	$3.98M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNet`	$4.11M	USD	Point-in-time
Total assets	`Assets`	$134.74M	USD	Point-in-time
Total assets	`Assets`	$133.21M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.95M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.72M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNonCurrentHotel`	$14.78M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNonCurrentHotel`	$12.83M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$3.01M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$1.49M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$3.71M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$163.00K	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$6.11M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$7.00M	USD	Point-in-time
Mortgage notes payable - Hotel	`MortgageNotesPayableHotel`	$115.61M	USD	Point-in-time
Mortgage notes payable - Hotel	`MortgageNotesPayableHotel`	$116.16M	USD	Point-in-time
Mortgage notes payable - real estate	`MortgageNotesPayableRealEstate`	$64.30M	USD	Point-in-time
Mortgage notes payable - real estate	`MortgageNotesPayableRealEstate`	$64.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$207.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$208.53M	USD	Point-in-time
Commitments and contingencies - Note 18	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - Note 18	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value, 100,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 100,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,395,616 and 3,395,616 issued; 2,359,724 and 2,381,726 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,395,616 and 3,395,616 issued; 2,359,724 and 2,381,726 outstanding, respectively	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.30M	USD	Point-in-time
Treasury stock, at cost, 1,035,892 and 1,013,890 shares	`TreasuryStockValue`	$12.63M	USD	Point-in-time
Treasury stock, at cost, 1,035,892 and 1,013,890 shares	`TreasuryStockValue`	$12.08M	USD	Point-in-time
Total InterGroup shareholders' deficit	`StockholdersEquity`	$-45.33M	USD	Point-in-time
Total InterGroup shareholders' deficit	`StockholdersEquity`	$-47.55M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-27.92M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-27.77M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-73.25M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-63.97M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-75.32M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$134.74M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$133.21M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Hotel	`RevenueFromLeasedAndOwnedHotels`	$58.57M	USD	Annual
Hotel	`RevenueFromLeasedAndOwnedHotels`	$54.33M	USD	Annual
Real estate	`RealEstateRevenueNet`	$14.67M	USD	Annual
Real estate	`RealEstateRevenueNet`	$14.33M	USD	Annual
Total revenues	`SalesRevenueNet`	$72.90M	USD	Annual
Total revenues	`SalesRevenueNet`	$69.00M	USD	Annual
Hotel operating expenses	`DirectCostsOfHotels`	$40.72M	USD	Annual
Hotel operating expenses	`DirectCostsOfHotels`	$47.25M	USD	Annual
Legal settlement costs	`LegalFees`	-	USD	Annual
Legal settlement costs	`LegalFees`	$5.40M	USD	Annual
Real estate operating expenses	`CostOfRealEstateRevenue`	$7.17M	USD	Annual
Real estate operating expenses	`CostOfRealEstateRevenue`	$6.79M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$5.30M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$5.15M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.72M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.82M	USD	Annual
Total costs and operating expenses	`CostsAndExpenses`	$67.30M	USD	Annual
Total costs and operating expenses	`CostsAndExpenses`	$56.01M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$13.00M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$5.60M	USD	Annual
Interest expense - mortgage	`InterestExpenseDebt`	$9.90M	USD	Annual
Interest expense - mortgage	`InterestExpenseDebt`	$9.60M	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-30.00K	USD	Annual
Net loss on marketable securities	`MarketableSecuritiesGainLoss`	$-3.50M	USD	Annual
Net loss on marketable securities	`MarketableSecuritiesGainLoss`	$-7.19M	USD	Annual
Net unrealized loss gain on other investments and derivatives	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	-	USD	Annual
Net unrealized loss gain on other investments and derivatives	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	$-127.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$178.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$673.00K	USD	Annual
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$56.00K	USD	Annual
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$287.00K	USD	Annual
Trading and margin interest expense	`InterestExpenseOther`	$1.16M	USD	Annual
Trading and margin interest expense	`InterestExpenseOther`	$944.00K	USD	Annual
Net other expense	`NonoperatingIncomeExpense`	$-18.80M	USD	Annual
Net other expense	`NonoperatingIncomeExpense`	$-14.15M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.21M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.16M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$521.00K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-3.94M	USD	Annual
Net loss	`ProfitLoss`	$-1.68M	USD	Annual
Net loss	`ProfitLoss`	$-9.27M	USD	Annual
Less: Net loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.13M	USD	Annual
Less: Net loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-23.00K	USD	Annual
Net loss attributable to InterGroup	`NetIncomeLoss`	$-7.14M	USD	Annual
Net loss attributable to InterGroup	`NetIncomeLoss`	$-1.65M	USD	Annual
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-3.89	USD	Annual
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.71	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.99	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.70	USD	Annual
Weighted average number of common and diluted shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.38M	shares	Annual
Weighted average number of common and diluted shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.37M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.68M	USD	Annual
Net loss	`ProfitLoss`	$-9.27M	USD	Annual
Net unrealized loss on marketable securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$-6.20M	USD	Annual
Net unrealized loss on marketable securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$-3.85M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.99M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-122.00K	USD	Annual
Legal settlement costs	`LitigationSettlementExpense`	$5.58M	USD	Annual
Legal settlement costs	`LitigationSettlementExpense`	-	USD	Annual
Unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	-	USD	Annual
Unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	$-127.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$178.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$673.00K	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-30.00K	USD	Annual
Depreciation	`Depreciation`	$5.15M	USD	Annual
Depreciation	`Depreciation`	$5.30M	USD	Annual
Amortization	`AdjustmentForAmortization`	$84.00K	USD	Annual
Amortization	`AdjustmentForAmortization`	$84.00K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$268.00K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$479.00K	USD	Annual
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$1.40M	USD	Annual
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$6.75M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-4.41M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-2.27M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.72M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-383.00K	USD	Annual
Due to securities broker	`IncreaseDecreaseInDueToSecuritiesBroker`	$1.52M	USD	Annual
Due to securities broker	`IncreaseDecreaseInDueToSecuritiesBroker`	$1.15M	USD	Annual
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-3.55M	USD	Annual
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-141.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.29M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.97M	USD	Annual
Investment in hotel, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$328.00K	USD	Annual
Investment in hotel, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.06M	USD	Annual
Investment in real estate, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$875.00K	USD	Annual
Investment in real estate, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$2.68M	USD	Annual
Purchase of other investments	`PaymentForOtherInvestment`	-	USD	Annual
Purchase of other investments	`PaymentForOtherInvestment`	$360.00K	USD	Annual
Investment in Santa Fe	`PaymentsToAcquireInterestInSubsidiaries`	$120.00K	USD	Annual
Investment in Santa Fe	`PaymentsToAcquireInterestInSubsidiaries`	$83.00K	USD	Annual
Investment in Portsmouth	`PaymentsToAcquireInterestInAffiliates`	$113.00K	USD	Annual
Investment in Portsmouth	`PaymentsToAcquireInterestInAffiliates`	$36.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.98M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.68M	USD	Annual
Net payments of mortgage and other notes payable	`ProceedsFromRepaymentsOfOtherDebt`	$-4.51M	USD	Annual
Net payments of mortgage and other notes payable	`ProceedsFromRepaymentsOfOtherDebt`	$-2.42M	USD	Annual
Restricted cash for capital improvements, mortgage impounds and redemption	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-4.18M	USD	Annual
Restricted cash for capital improvements, mortgage impounds and redemption	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-353.00K	USD	Annual
Redemption of noncontrolling interest	`PaymentsToMinorityShareholders`	-	USD	Annual
Redemption of noncontrolling interest	`PaymentsToMinorityShareholders`	$50.00K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$544.00K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$204.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.12M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.14M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.12M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.53M	USD	Annual
Cash and cash equivalents at the beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Cash and cash equivalents at the beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.53M	USD	Point-in-time
Cash and cash equivalents at the beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash and cash equivalents at the end of the year	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Cash and cash equivalents at the end of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.53M	USD	Point-in-time
Cash and cash equivalents at the end of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Income tax paid	`IncomeTaxesPaid`	$2.08M	USD	Annual
Income tax paid	`IncomeTaxesPaid`	$1.06M	USD	Annual
Interest paid	`InterestPaid`	$10.26M	USD	Annual
Interest paid	`InterestPaid`	$10.32M	USD	Annual
Conversion of other investments to marketable securities	`ConversionOfOtherInvestmentsToMarketableSecurities`	-	USD	Annual
Conversion of other investments to marketable securities	`ConversionOfOtherInvestmentsToMarketableSecurities`	$13.23M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-73.25M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-63.97M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-75.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-1.68M	USD	Annual
Net loss	`ProfitLoss`	$-9.27M	USD	Annual
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$391.00K	USD	Annual
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$268.00K	USD	Annual
Issuance of stock for compensation	`StockIssuedDuringPeriodValueNewIssues`	$88.00K	USD	Annual
Redemption of limited partnership interests	`RedemptionOfLimitedPartnershipInterests`	$-50.00K	USD	Annual
Investment in Santa Fe	`InvestmentInSubsidiaries`	$-83.00K	USD	Annual
Investment in Santa Fe	`InvestmentInSubsidiaries`	$-120.00K	USD	Annual
Investment in Portsmouth	`InvestmentInAffiliates`	$-36.00K	USD	Annual
Investment in Portsmouth	`InvestmentInAffiliates`	$-113.00K	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$204.00K	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$544.00K	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-73.25M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-63.97M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-75.32M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.