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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Real estate revenue $ 7,150 $ 6,744 $ 8,675 $ 13,825
Resorts and leisure revenue 19,328 19,793 27,436 28,544
Leasing revenue 2,662 2,321 5,055 4,682
Timber revenue 1,243 693 2,414 2,754
Total revenue 30,383 29,551 43,580 49,805
Expenses:        
Cost of real estate revenue 3,614 2,975 3,945 4,739
Cost of resorts and leisure revenue 14,884 15,645 23,687 24,964
Cost of leasing revenue 798 759 1,467 1,509
Cost of timber revenue 238 203 395 413
Other operating and corporate expenses 4,154 5,725 10,334 12,543
Depreciation, depletion and amortization 2,032 2,101 3,985 4,390
Total expenses 25,720 27,408 43,813 48,558
Operating income (loss) 4,663 2,143 (233) 1,247
Other income (expense):        
Investment income, net 14,303 2,959 24,658 5,689
Interest expense (3,035) (3,145) (6,078) (6,180)
Claim settlement 0 0 0 12,548
Other income, net 592 601 4,643 1,050
Total other income, net 11,860 415 23,223 13,107
Income before income taxes 16,523 2,558 22,990 14,354
Income tax expense (5,909) (978) (8,188) (4,222)
Net income 10,614 1,580 14,802 10,132
Net loss attributable to non-controlling interest 150 230 330 342
Net income attributable to the Company $ 10,764 $ 1,810 $ 15,132 $ 10,474
Basic and Diluted        
Weighted average shares outstanding (in shares) 71,981,505 74,338,023 72,970,462 74,573,517
Net income per share attributable to the Company (in dollars per share) $ 0.15 $ 0.02 $ 0.21 $ 0.14