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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Leasing revenue $ 3,094 $ 2,842 $ 6,141 $ 5,398
Total revenue 50,434 30,647 70,298 44,160
Expenses:        
Cost of leasing revenue 842 798 1,666 1,467
Other operating and corporate expenses 5,010 4,154 10,955 10,334
Depreciation, depletion and amortization 2,271 2,032 4,527 3,985
Total expenses 21,090 25,720 41,495 43,813
Operating income 29,344 4,927 28,803 347
Other income (expense):        
Investment income, net 5,981 14,303 9,646 24,658
Interest expense (2,954) (3,035) (5,979) (6,078)
Other income, net 243 328 520 4,063
Total other income, net 3,270 11,596 4,187 22,643
Income before income taxes 32,614 16,523 32,990 22,990
Income tax expense (6,547) (5,909) (6,298) (8,188)
Net income 26,067 10,614 26,692 14,802
Net loss attributable to non-controlling interest 128 150 260 330
Net income attributable to the Company $ 26,195 $ 10,764 $ 26,952 $ 15,132
Basic and Diluted        
Weighted average shares outstanding (in shares) 63,760,022 71,981,505 64,613,298 72,970,462
Net income per share attributable to the Company (in dollars per share) $ 0.41 $ 0.15 $ 0.42 $ 0.21
Real estate        
Revenue:        
Revenue $ 32,159 $ 7,150 $ 39,861 $ 8,675
Expenses:        
Cost of revenue 2,954 3,614 7,122 3,945
Resorts and leisure        
Revenue:        
Revenue 13,270 19,328 20,719 27,436
Expenses:        
Cost of revenue 9,820 14,884 16,819 23,687
Timber        
Revenue:        
Revenue 1,911 1,327 3,577 2,651
Expenses:        
Cost of revenue $ 193 $ 238 $ 406 $ 395