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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Leasing revenue $ 4,037   $ 11,218  
Leasing revenue   $ 3,573   $ 10,507
Total revenue 32,856 23,676 84,426 93,974
Expenses:        
Cost of leasing revenue 1,351 1,184 3,411 3,511
Other operating and corporate expenses 5,054 5,113 16,116 16,068
Depreciation, depletion and amortization 2,629 2,309 7,162 6,836
Total expenses 25,436 21,732 68,297 63,227
Operating income 7,420 1,944 16,129 30,747
Other income (expense):        
Investment income, net 2,371 2,575 10,952 12,221
Interest expense (3,109) (2,926) (9,075) (8,905)
Other income, net 2,147 268 7,126 787
Total other income (expense), net 1,409 (83) 9,003 4,103
Income before income taxes 8,829 1,861 25,132 34,850
Income tax (expense) benefit (3,003) 3,483 (7,098) (2,815)
Net income 5,826 5,344 18,034 32,035
Net (income) loss attributable to non-controlling interest (109) 139 53 400
Net income attributable to the Company $ 5,717 $ 5,483 $ 18,087 $ 32,435
Basic and Diluted        
Weighted average shares outstanding (in shares) 60,043,427 61,066,731 60,187,313 63,418,118
Net income per share attributable to the Company (in dollars per share) $ 0.10 $ 0.09 $ 0.30 $ 0.51
Real estate        
Revenue:        
Revenue $ 13,490 $ 6,200 $ 33,634 $ 46,061
Expenses:        
Cost of revenue 6,036 3,709 14,715 10,831
Hospitality        
Revenue:        
Revenue 14,003 12,130 36,994 32,056
Expenses:        
Cost of revenue 10,191 9,269 26,384 25,427
Timber        
Revenue:        
Revenue 1,326 1,773 2,580 5,350
Expenses:        
Cost of revenue $ 175 $ 148 $ 509 $ 554