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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Royalties $ 3,224 $ 5,205
Miscellaneous income 42 56
Total revenues 3,266 5,261
Operating expenses:    
General and administrative 721 583
Total operating expenses 721 583
Operating income and income before income tax expense (benefit) 2,545 4,678
Income tax expense (benefit) 1,028 (2,495)
Net income $ 1,517 $ 7,173
Earnings per common share:    
Basic (in dollars per share) $ 0.03 $ 0.16
Diluted (in dollars per share) $ 0.03 $ 0.16
Weighted-average shares outstanding - basic 44,214 44,181
Weighted-average shares outstanding - diluted 44,214 44,227