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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Leasing revenue $ 4,907 $ 3,674 $ 9,206 $ 7,181
Total revenue 36,082 35,546 54,655 51,570
Expenses:        
Cost of leasing revenue 1,314 1,121 1,925 2,060
Other operating and corporate expenses 4,946 5,094 11,862 11,062
Depreciation, depletion and amortization 3,018 2,422 6,092 4,533
Total expenses 24,975 24,678 44,874 42,861
Operating income 11,107 10,868 9,781 8,709
Other income (expense):        
Investment income, net 2,055 2,535 446 8,580
Interest expense (3,390) (3,024) (6,734) (5,966)
Other income, net 15,477 3,283 20,009 4,979
Total other income, net 14,142 2,794 13,721 7,593
Income before equity in loss from unconsolidated affiliates and income taxes 25,249 13,662 23,502 16,302
Equity in loss from unconsolidated affiliates (123)   (206)  
Income tax expense (5,907) (3,434) (5,412) (4,095)
Net income 19,219 10,228 17,884 12,207
Net (income) loss attributable to non-controlling interest (20) 145 (218) 163
Net income attributable to the Company $ 19,199 $ 10,373 $ 17,666 $ 12,370
Basic and Diluted        
Weighted average shares outstanding (in shares) 58,901,540 60,200,534 59,138,579 60,260,488
Net (loss) income per share attributable to the Company $ 0.33 $ 0.17 $ 0.30 $ 0.21
Real estate        
Revenue:        
Revenue $ 17,555 $ 15,553 $ 23,362 $ 20,144
Expenses:        
Cost of revenue 7,245 6,846 9,044 8,679
Hospitality        
Revenue:        
Revenue 11,565 15,560 18,176 22,991
Expenses:        
Cost of revenue 8,240 9,002 15,560 16,193
Timber        
Revenue:        
Revenue 2,055 759 3,911 1,254
Expenses:        
Cost of revenue $ 212 $ 193 $ 391 $ 334