10-K Filing

INTERGROUP CORP CIK: 69422 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001144204-18-047626`
Period End Date	20180630
Filing Date	20180831
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	intg-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 52 Cash Flow Statement 60 Stockholders Equity 15

Balance Sheet 76 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
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 Hotel, net	`RealEstateInvestmentPropertyNet`	$40.96M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestments`	$53.37M	USD	Point-in-time
Preferred stock , shares issued	`PreferredStockSharesIssued`	0.00	shares	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
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
Investment in marketable securities	`TradingSecurities`	$13.84M	USD	Point-in-time
Other investments, net	`OtherInvestments`	$813.00K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.05M	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`	$5.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.33M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.36M	shares	Point-in-time
Restricted cash	`RestrickedCashMortgageImpounds`	$9.46M	USD	Point-in-time
Restricted cash	`RestrickedCashMortgageImpounds`	$7.40M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.18M	USD	Point-in-time
Other assets, net	`OtherAssets`	$3.37M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.04M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.06M	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$4.11M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Total assets	`Assets`	$133.21M	USD	Point-in-time
Total assets	`Assets`	$131.68M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$2.95M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.30M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNonCurrentHotel`	$12.83M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNonCurrentHotel`	$9.95M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$3.01M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$1.89M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$3.71M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$1.94M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$6.11M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$5.74M	USD	Point-in-time
Capital leases	`CapitalLeaseObligations`	$1.35M	USD	Point-in-time
Capital leases	`CapitalLeaseObligations`	-	USD	Point-in-time
Mortgage notes payable - Hotel	`MortgageNotesPayableHotel`	$115.61M	USD	Point-in-time
Mortgage notes payable - Hotel	`MortgageNotesPayableHotel`	$114.37M	USD	Point-in-time
Mortgage notes payable - real estate	`MortgageNotesPayableRealEstate`	$62.87M	USD	Point-in-time
Mortgage notes payable - real estate	`MortgageNotesPayableRealEstate`	$64.30M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$245.00K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$208.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$201.65M	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; 2,334,197 and 2,359,724 outstanding as of June 30, 2018 and 2017	`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; 2,334,197 and 2,359,724 outstanding as of June 30, 2018 and 2017	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.30M	USD	Point-in-time
Treasury stock, at cost, 1,061,419 and 1,035,892 shares as of June 30, 2018 and 2017	`TreasuryStockValue`	$13.27M	USD	Point-in-time
Treasury stock, at cost, 1,061,419 and 1,035,892 shares as of June 30, 2018 and 2017	`TreasuryStockValue`	$12.63M	USD	Point-in-time
Total Intergroup shareholders' deficit	`StockholdersEquity`	$-43.93M	USD	Point-in-time
Total Intergroup shareholders' deficit	`StockholdersEquity`	$-47.55M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-26.04M	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`	$-75.32M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.97M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$133.21M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$131.68M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$69.00M	USD	Annual
Revenues	`Revenues`	$71.58M	USD	Annual
Hotel operating expenses	`HotelOperatingExpenses`	$40.72M	USD	Annual
Hotel operating expenses	`HotelOperatingExpenses`	$40.10M	USD	Annual
Recovery of legal settlement costs	`RecoveryOfLegalSettlementCosts`	-	USD	Annual
Recovery of legal settlement costs	`RecoveryOfLegalSettlementCosts`	$5.78M	USD	Annual
Real estate operating expenses	`CostOfGoodsAndServicesSold`	$7.58M	USD	Annual
Real estate operating expenses	`CostOfGoodsAndServicesSold`	$7.17M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$5.05M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$5.30M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.82M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.05M	USD	Annual
Total costs and operating expenses	`CostsAndExpenses`	$50.01M	USD	Annual
Total costs and operating expenses	`CostsAndExpenses`	$56.01M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$21.57M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$13.00M	USD	Annual
Interest expense - mortgage	`InterestExpenseDebt`	$9.60M	USD	Annual
Interest expense - mortgage	`InterestExpenseDebt`	$9.77M	USD	Annual
Net loss on marketable securities	`MarketableSecuritiesGainLoss`	$-1.78M	USD	Annual
Net loss on marketable securities	`MarketableSecuritiesGainLoss`	$-3.50M	USD	Annual
Net unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	$-42.00K	USD	Annual
Net unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	-	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$178.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$200.00K	USD	Annual
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$277.00K	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`	$1.19M	USD	Annual
Net other expense	`NonoperatingIncomeExpense`	$-12.70M	USD	Annual
Net other expense	`NonoperatingIncomeExpense`	$-14.15M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.87M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.16M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$521.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$3.06M	USD	Annual
Net income (loss)	`ProfitLoss`	$5.81M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.68M	USD	Annual
Less: Net (income) loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-23.00K	USD	Annual
Less: Net (income) loss attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.73M	USD	Annual
Net income (loss) attributable to InterGroup	`NetIncomeLoss`	$-1.65M	USD	Annual
Net income (loss) attributable to InterGroup	`NetIncomeLoss`	$4.08M	USD	Annual
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.71	USD	Annual
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.47	USD	Annual
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.71	USD	Annual
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.18	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.70	USD	Annual
Basic	`EarningsPerShareBasic`	$1.73	USD	Annual
Diluted	`EarningsPerShareDiluted`	$1.53	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.70	USD	Annual
Weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.35M	shares	Annual
Weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	Annual
Weighted average number of diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.37M	shares	Annual
Weighted average number of diluted shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.67M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$5.81M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.68M	USD	Annual
Net unrealized (gain) loss on marketable securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$-3.85M	USD	Annual
Net unrealized (gain) loss on marketable securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$3.60M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$4.35M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-122.00K	USD	Annual
Unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	$-42.00K	USD	Annual
Unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	-	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$178.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$200.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.39M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.78M	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$184.00K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$268.00K	USD	Annual
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-6.93M	USD	Annual
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$6.75M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-2.81M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$1.82M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.54M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.72M	USD	Annual
Due to securities broker	`IncreaseDecreaseInDueToSecuritiesBroker`	$1.52M	USD	Annual
Due to securities broker	`IncreaseDecreaseInDueToSecuritiesBroker`	$-1.12M	USD	Annual
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$-3.55M	USD	Annual
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$1.77M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.29M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.45M	USD	Annual
Investment in Hotel, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$328.00K	USD	Annual
Investment in Hotel, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$212.00K	USD	Annual
Investment in real estate, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$732.00K	USD	Annual
Investment in real estate, net	`PaymentsToAcquireRealEstateHeldForInvestment`	$875.00K	USD	Annual
Proceeds from (purchase of) other investments	`PaymentsForProceedsFromOtherInvestments`	$360.00K	USD	Annual
Proceeds from (purchase of) other investments	`PaymentsForProceedsFromOtherInvestments`	$-156.00K	USD	Annual
Investment in Santa Fe	`PaymentsToAcquireInterestInSubsidiaries`	$83.00K	USD	Annual
Investment in Santa Fe	`PaymentsToAcquireInterestInSubsidiaries`	$4.00K	USD	Annual
Investment in Portsmouth	`PaymentsToAcquireInterestInAffiliates`	$36.00K	USD	Annual
Investment in Portsmouth	`PaymentsToAcquireInterestInAffiliates`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.68M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-792.00K	USD	Annual
Net payments of mortgage and other notes payable	`ProceedsFromRepaymentsOfOtherDebt`	$-2.78M	USD	Annual
Net payments of mortgage and other notes payable	`ProceedsFromRepaymentsOfOtherDebt`	$-2.42M	USD	Annual
Restricted cash for capital improvements and mortgage impounds	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-4.18M	USD	Annual
Restricted cash for capital improvements and mortgage impounds	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-2.06M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$642.00K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$544.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.47M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.14M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.18M	USD	Annual
Net increase (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`	$8.05M	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`	$8.05M	USD	Point-in-time
Cash and cash equivalents at the end of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Income tax paid	`IncomeTaxesPaidNet`	$-171.00K	USD	Annual
Income tax paid	`IncomeTaxesPaidNet`	$-1.06M	USD	Annual
Interest paid	`InterestPaid`	$10.40M	USD	Annual
Interest paid	`InterestPaid`	$10.26M	USD	Annual
Additions to Hotel equipment through capital lease	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.36M	USD	Annual
Additions to Hotel equipment through capital lease	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-73.25M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-75.32M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.97M	USD	Point-in-time
Net income	`ProfitLoss`	$5.81M	USD	Annual
Net income	`ProfitLoss`	$-1.68M	USD	Annual
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$184.00K	USD	Annual
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$268.00K	USD	Annual
Investment in Santa Fe	`InvestmentInSubsidiaries`	$-4.00K	USD	Annual
Investment in Santa Fe	`InvestmentInSubsidiaries`	$-83.00K	USD	Annual
Investment in Portsmouth	`InvestmentInAffiliates`	$-36.00K	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$544.00K	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$642.00K	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-73.25M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-75.32M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.97M	USD	Point-in-time

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