Investment in Real Estate (Tables)

12 Months Ended

Dec. 31, 2017

Real Estate [Abstract]

Real Estate by Property Type and Segment

Real estate by property type and segment includes the following:

	December 31, 2017		December 31, 2016
Development property:
Residential real estate	$	100,279	$	101,292
Resorts and leisure	4,131		263
Commercial leasing and sales	53,896		58,364
Forestry	2,488		2,492
Corporate	2,571		2,438
Total development property	163,365		164,849
Operating property:
Residential real estate	7,344		8,097
Resorts and leisure	103,616		107,029
Commercial leasing and sales	110,491		82,336
Forestry	19,510		19,608
Other	50		50
Total operating property	241,011		217,120
Less: Accumulated depreciation	71,752		67,349
Total operating property, net	169,259		149,771
Investment in real estate, net	$	332,624	$	314,620

Property, Plant and Equipment

Depreciation is computed using the straight-line method over the estimated economic lives of various assets, as follows:

	Estimated Useful Life (in years)
Railroad and equipment	15-30
Furniture and fixtures	5-10
Machinery and equipment	3-10
Office equipment	5-10
Autos and trucks	5

Depreciation is computed on the straight-line method over the estimated economic lives of the assets, as follows:

	Estimated Useful Life (in years)
Land	N/A
Land improvements	15 - 20
Buildings	20-40
Building improvements	5-25
Timber	N/A

Operating property includes the following components:

	December 31, 2017		December 31, 2016
Land and land improvements	$	77,788	$	73,239
Buildings and building improvements	152,272		133,678
Timber	10,951		10,203
	241,011		217,120
Less: Accumulated depreciation	71,752		67,349
Total operating property, net	$	169,259	$	149,771

Property and equipment, net consists of the following:

	December 31, 2017		December 31, 2016
Railroad and equipment	$	33,626	$	33,626
Furniture and fixtures	22,552		19,191
Machinery and equipment	9,468		8,998
Office equipment	5,322		5,154
Autos and trucks	1,012		1,075
	71,980		68,044
Less: Accumulated depreciation	60,697		59,404
	11,283		8,640
Construction in progress	493		352
Total property and equipment, net	$	11,776	$	8,992