10-K Filing

INTERGROUP CORP CIK: 69422 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001144204-19-043033`
Period End Date	20190630
Filing Date	20190830
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	intg-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 54 Cash Flow Statement 62 Stockholders Equity 16

Balance Sheet 77 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	`InvestmentInPropertyNet`	$39.84M	USD	Point-in-time
Investment in Hotel, net	`InvestmentInPropertyNet`	$40.96M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock , shares issued	`PreferredStockSharesIssued`	0.00	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`	$51.77M	USD	Point-in-time
Investment in marketable securities	`TradingSecurities`	$9.70M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Other investments, net	`OtherInvestments`	$813.00K	USD	Point-in-time
Other investments, net	`OtherInvestments`	$612.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.84M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.33M	shares	Point-in-time
Restricted cash	`RestrictedCashMortgageImpounds`	$13.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.31M	shares	Point-in-time
Restricted cash	`RestrictedCashMortgageImpounds`	$9.46M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.10M	shares	Point-in-time
Other assets, net	`OtherAssets`	$2.36M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.18M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.06M	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.47M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Total assets	`Assets`	$131.68M	USD	Point-in-time
Total assets	`Assets`	$130.88M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.30M	USD	Point-in-time
Accounts payable and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.82M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNonCurrentHotel`	$9.95M	USD	Point-in-time
Accounts payable and other liabilities - Hotel	`AccountsPayableAndAccruedLiabilitiesCurrentAndNonCurrentHotel`	$11.24M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$1.89M	USD	Point-in-time
Due to securities broker	`DueToSecuritiesBroker`	$1.63M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$1.94M	USD	Point-in-time
Obligations for securities sold	`ObligationsForSecuritiesSold`	$1.23M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$5.26M	USD	Point-in-time
Related party and other notes payable	`OtherNotesPayable`	$5.74M	USD	Point-in-time
Capital leases	`CapitalLeaseObligations`	$1.49M	USD	Point-in-time
Capital leases	`CapitalLeaseObligations`	$1.35M	USD	Point-in-time
Line of credit payable	`LongTermLineOfCredit`	-	USD	Point-in-time
Line of credit payable	`LongTermLineOfCredit`	$2.98M	USD	Point-in-time
Mortgage notes payable - Hotel	`MortgageNotesPayableHotel`	$113.09M	USD	Point-in-time
Mortgage notes payable - Hotel	`MortgageNotesPayableHotel`	$114.37M	USD	Point-in-time
Mortgage notes payable - real estate	`MortgageNotesPayableRealEstate`	$58.57M	USD	Point-in-time
Mortgage notes payable - real estate	`MortgageNotesPayableRealEstate`	$62.87M	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`	$199.31M	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; 3,404,982 and 3,395,616 issued; 2,309,962 and 2,334,197 outstanding as of June 30, 2019 and 2018	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, $.01 par value, 4,000,000 shares authorized; 3,404,982 and 3,395,616 issued; 2,309,962 and 2,334,197 outstanding as of June 30, 2019 and 2018	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.22M	USD	Point-in-time
Treasury stock, at cost, 1,095,020 and 1,061,419 shares as of June 30, 2019 and 2018	`TreasuryStockValue`	$14.35M	USD	Point-in-time
Treasury stock, at cost, 1,095,020 and 1,061,419 shares as of June 30, 2019 and 2018	`TreasuryStockValue`	$13.27M	USD	Point-in-time
Total Intergroup shareholders' deficit	`StockholdersEquity`	$-43.73M	USD	Point-in-time
Total Intergroup shareholders' deficit	`StockholdersEquity`	$-43.93M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-24.70M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-26.04M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.43M	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`	$131.68M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$130.88M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$74.75M	USD	Annual
Revenues	`Revenues`	$71.58M	USD	Annual
Hotel operating expenses	`HotelOperatingExpenses`	$40.10M	USD	Annual
Hotel operating expenses	`HotelOperatingExpenses`	$44.47M	USD	Annual
Recovery of legal settlement costs	`RecoveryOfLegalSettlementCosts`	$5.78M	USD	Annual
Recovery of legal settlement costs	`RecoveryOfLegalSettlementCosts`	-	USD	Annual
Real estate operating expenses	`CostOfGoodsAndServicesSold`	$7.58M	USD	Annual
Real estate operating expenses	`CostOfGoodsAndServicesSold`	$7.81M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$5.05M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.93M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.35M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.05M	USD	Annual
Total costs and operating expenses	`CostsAndExpenses`	$59.56M	USD	Annual
Total costs and operating expenses	`CostsAndExpenses`	$50.01M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$15.20M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$21.57M	USD	Annual
Interest expense - mortgage	`InterestExpenseDebt`	$9.79M	USD	Annual
Interest expense - mortgage	`InterestExpenseDebt`	$9.77M	USD	Annual
Loss on disposal of assets	`GainLossOnSaleOfOtherAssets`	$-398.00K	USD	Annual
Loss on disposal of assets	`GainLossOnSaleOfOtherAssets`	-	USD	Annual
Net loss on marketable securities	`MarketableSecuritiesGainLoss`	$-1.73M	USD	Annual
Net loss on marketable securities	`MarketableSecuritiesGainLoss`	$-1.78M	USD	Annual
Net unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	-	USD	Annual
Net unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	$-42.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$200.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$98.00K	USD	Annual
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$484.00K	USD	Annual
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$277.00K	USD	Annual
Trading and margin interest expense	`InterestExpenseOther`	$1.19M	USD	Annual
Trading and margin interest expense	`InterestExpenseOther`	$1.15M	USD	Annual
Net other expense	`NonoperatingIncomeExpense`	$-12.68M	USD	Annual
Net other expense	`NonoperatingIncomeExpense`	$-12.70M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.87M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.51M	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$3.06M	USD	Annual
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-301.00K	USD	Annual
Net income	`ProfitLoss`	$2.81M	USD	Annual
Net income	`ProfitLoss`	$5.81M	USD	Annual
Less: Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.73M	USD	Annual
Less: Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.36M	USD	Annual
Net income attributable to InterGroup	`NetIncomeLoss`	$4.08M	USD	Annual
Net income attributable to InterGroup	`NetIncomeLoss`	$1.46M	USD	Annual
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.47	USD	Annual
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.21	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.18	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.06	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.63	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.73	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.53	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	Annual
Weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.35M	shares	Annual
Weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.33M	shares	Annual
Weighted average number of diluted shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.67M	shares	Annual
Weighted average number of diluted shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.66M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.81M	USD	Annual
Net income	`ProfitLoss`	$5.81M	USD	Annual
Net unrealized loss (gain) on marketable securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$3.60M	USD	Annual
Net unrealized loss (gain) on marketable securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$-927.00K	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$4.35M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.71M	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-398.00K	USD	Annual
Unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	-	USD	Annual
Unrealized loss on other investments	`UnrealizedGainLossOnOtherInvestmentsAndDerivativeInstruments`	$-42.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$200.00K	USD	Annual
Impairment loss on other investments	`ImpairmentLossOnOtherInvestments`	$98.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.78M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.78M	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$184.00K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$76.00K	USD	Annual
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-3.22M	USD	Annual
Investment in marketable securities	`IncreaseDecreaseInTradingSecurities`	$-6.93M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$1.82M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-2.82M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.82M	USD	Annual
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.54M	USD	Annual
Due to securities broker	`IncreaseDecreaseInDueToSecuritiesBroker`	$-258.00K	USD	Annual
Due to securities broker	`IncreaseDecreaseInDueToSecuritiesBroker`	$-1.12M	USD	Annual
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$1.77M	USD	Annual
Obligations for securities sold	`IncreaseDecreaseInObligationsForSecuritiesSold`	$710.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.45M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.27M	USD	Annual
Investment in Hotel, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.40M	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`	$833.00K	USD	Annual
Proceeds from (purchase of) other investments	`PaymentsForProceedsFromOtherInvestments`	$-156.00K	USD	Annual
Proceeds from (purchase of) other investments	`PaymentsForProceedsFromOtherInvestments`	$-103.00K	USD	Annual
Investment in Santa Fe	`PaymentsToAcquireInterestInSubsidiaries`	$4.00K	USD	Annual
Investment in Santa Fe	`PaymentsToAcquireInterestInSubsidiaries`	$123.00K	USD	Annual
Investment in Justice	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$150.00K	USD	Annual
Investment in Justice	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.40M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-792.00K	USD	Annual
Net payments of mortgage and other notes payable	`ProceedsFromRepaymentsOfOtherDebt`	$-6.15M	USD	Annual
Net payments of mortgage and other notes payable	`ProceedsFromRepaymentsOfOtherDebt`	$-2.78M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.98M	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.08M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$642.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.25M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.42M	USD	Annual
Net increase in cash, cash equivalents and restricted cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.62M	USD	Annual
Net increase in cash, cash equivalents and restricted cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.24M	USD	Annual
Cash, cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.27M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.13M	USD	Point-in-time
Cash, cash equivalents and restricted cash at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.51M	USD	Point-in-time
Income taxes paid (refunds received)	`IncomeTaxesPaidNet`	$1.24M	USD	Annual
Income taxes paid (refunds received)	`IncomeTaxesPaidNet`	$-171.00K	USD	Annual
Interest paid	`InterestPaid`	$10.01M	USD	Annual
Interest paid	`InterestPaid`	$10.40M	USD	Annual
Additions to Hotel equipment through capital lease	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$382.00K	USD	Annual
Additions to Hotel equipment through capital lease	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.36M	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.43M	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`	$2.81M	USD	Annual
Net income	`ProfitLoss`	$5.81M	USD	Annual
Issuance of stock for compensation	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$76.00K	USD	Annual
Stock options expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$184.00K	USD	Annual
Investment in Santa Fe	`InvestmentInSubsidiaries`	$-4.00K	USD	Annual
Investment in Santa Fe	`InvestmentInSubsidiaries`	$-123.00K	USD	Annual
Investment in Justice	`MinorityInterestDecreaseFromRedemptions`	$150.00K	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$1.08M	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$642.00K	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-68.43M	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.