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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Real estate revenue $ 4,163,000 $ 4,880,000 $ 17,988,000 $ 24,337,000
Resorts and leisure revenue 19,046,000 18,537,000 47,590,000 45,657,000
Leasing revenue 2,685,000 2,528,000 7,366,000 6,741,000
Timber revenue 1,298,000 1,885,000 4,053,000 6,033,000
Total revenue 27,192,000 27,830,000 76,997,000 82,768,000
Expenses:        
Cost of real estate revenue 1,949,000 2,480,000 6,688,000 12,204,000
Cost of resorts and leisure revenue 15,438,000 14,720,000 40,402,000 38,220,000
Cost of leasing revenue 710,000 734,000 2,219,000 1,996,000
Cost of timber revenue 213,000 201,000 626,000 643,000
Other operating and corporate expenses 5,193,000 9,847,000 17,736,000 24,696,000
Depreciation, depletion and amortization 2,094,000 2,231,000 6,484,000 7,281,000
Impairment losses 400,000 0 400,000 0
Total expenses 25,597,000 30,213,000 74,155,000 85,040,000
Operating income (loss) 1,595,000 (2,383,000) 2,842,000 (2,272,000)
Other income (expense):        
Investment income, net 4,689,000 9,125,000 10,378,000 19,776,000
Interest expense (3,075,000) (2,875,000) (9,255,000) (8,397,000)
Claim settlement 0 0 12,548,000 0
Other, net 435,000 135,000 1,487,000 (6,302,000)
Total other income 2,049,000 6,385,000 15,158,000 5,077,000
Income before income taxes 3,644,000 4,002,000 18,000,000 2,805,000
Income tax expense (948,000) (1,244,000) (5,170,000) (2,034,000)
Net income 2,696,000 2,758,000 12,830,000 771,000
Net loss attributable to non-controlling interest 15,000 14,000 356,000 39,000
Net income attributable to the Company $ 2,711,000 $ 2,772,000 $ 13,186,000 $ 810,000
Basic and Diluted        
Weighted average shares outstanding (in shares) 74,342,826 92,026,894 74,496,058 92,088,253
Net income per share attributable to the Company (in dollars per share) $ 0.04 $ 0.03 $ 0.18 $ 0.01