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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Leasing revenue $ 13,727 $ 12,940 $ 12,230
Total revenue 110,276 100,038 96,862
Expenses:      
Cost of leasing revenue 4,700 4,548 4,487
Other operating and corporate expenses 20,557 20,382 23,019
Depreciation, depletion and amortization 8,998 8,885 8,571
Total expenses 80,872 96,461 93,784
Operating income 29,404 3,577 3,078
Other income (expense):      
Investment income, net 12,150 35,410 17,776
Interest expense (11,840) (12,145) (12,295)
Claim settlement     12,548
Sale of vacation rental management, net   9,800  
Other income, net 1,152 4,713 1,504
Total other income, net 1,462 37,778 19,533
Income before income taxes 30,866 41,355 22,611
Income tax benefit (expense) 736 17,881 (7,147)
Net income 31,602 59,236 15,464
Net loss attributable to non-controlling interest 767 342 431
Net income attributable to the Company $ 32,369 $ 59,578 $ 15,895
Basic and Diluted      
Weighted average shares outstanding (in shares) 62,725,954 70,548,411 74,457,541
Net income per share attributable to the Company (in dollars per share) $ 0.52 $ 0.84 $ 0.21
Real estate      
Revenue:      
Revenue $ 52,183 $ 27,717 $ 23,397
Expenses:      
Cost of revenue 13,442 15,370 8,036
Hospitality      
Revenue:      
Revenue 38,736 53,217 55,644
Expenses:      
Cost of revenue 32,465 46,467 48,850
Timber      
Revenue:      
Revenue 5,630 6,164 5,591
Expenses:      
Cost of revenue $ 710 $ 809 $ 821