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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Real estate revenue $ 10,707 $ 4,163 $ 19,383 $ 17,988
Resorts and leisure revenue 18,198 19,046 45,633 47,590
Leasing revenue 2,856 2,685 7,911 7,366
Timber revenue 1,893 1,298 4,308 4,053
Total revenue 33,654 27,192 77,235 76,997
Expenses:        
Cost of real estate revenue 6,405 1,949 10,350 6,688
Cost of resorts and leisure revenue 14,513 15,438 38,200 40,402
Cost of leasing revenue 842 710 2,308 2,219
Cost of timber revenue 167 213 562 626
Other operating and corporate expenses 4,968 5,193 15,303 17,736
Depreciation, depletion and amortization 2,306 2,094 6,291 6,484
Total expenses 29,201 25,597 73,014 74,155
Operating income 4,453 1,595 4,221 2,842
Other income (expense):        
Investment income, net 6,452 4,689 31,110 10,378
Interest expense (3,038) (3,075) (9,117) (9,255)
Claim settlement 0 0 0 12,548
Other income, net 917 435 5,560 1,487
Total other income, net 4,331 2,049 27,553 15,158
Income before income taxes 8,784 3,644 31,774 18,000
Income tax expense (2,643) (948) (10,831) (5,170)
Net income 6,141 2,696 20,943 12,830
Net (income) loss attributable to non-controlling interest (198) 15 132 356
Net income attributable to the Company $ 5,943 $ 2,711 $ 21,075 $ 13,186
Basic and Diluted        
Weighted average shares outstanding (in shares) 70,202,807 74,342,826 72,037,772 74,496,058
Net income per share attributable to the Company (in dollars per share) $ 0.08 $ 0.04 $ 0.29 $ 0.18