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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Leasing revenue $ 3,674   $ 7,181  
Leasing revenue   $ 3,517   $ 6,935
Total revenue 35,546 50,434 51,570 70,298
Expenses:        
Cost of leasing revenue 1,121 1,213 2,060 2,327
Other operating and corporate expenses 5,094 5,010 11,062 10,955
Depreciation, depletion and amortization 2,422 2,271 4,533 4,527
Total expenses 24,678 21,090 42,861 41,495
Operating income 10,868 29,344 8,709 28,803
Other income (expense):        
Investment income, net 2,535 5,981 8,580 9,646
Interest expense (3,024) (2,954) (5,966) (5,979)
Other income, net 3,283 243 4,979 520
Total other income, net 2,794 3,270 7,593 4,187
Income before income taxes 13,662 32,614 16,302 32,990
Income tax expense (3,434) (6,547) (4,095) (6,298)
Net income 10,228 26,067 12,207 26,692
Net loss attributable to non-controlling interest 145 128 163 260
Net income attributable to the Company $ 10,373 $ 26,195 $ 12,370 $ 26,952
Basic and Diluted        
Weighted average shares outstanding (in shares) 60,200,534 63,760,022 60,260,488 64,613,298
Net income per share attributable to the Company (in dollars per share) $ 0.17 $ 0.41 $ 0.21 $ 0.42
Real estate        
Revenue:        
Revenue $ 15,553 $ 32,159 $ 20,144 $ 39,861
Expenses:        
Cost of revenue 6,846 2,954 8,679 7,122
Hospitality        
Revenue:        
Revenue 15,560 12,847 22,991 19,925
Expenses:        
Cost of revenue 9,002 9,449 16,193 16,158
Timber        
Revenue:        
Revenue 759 1,911 1,254 3,577
Expenses:        
Cost of revenue $ 193 $ 193 $ 334 $ 406