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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 73,749 $ 45,480 $ 26,661
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 18,202 12,788 10,287
Stock based compensation   45 77
(Gain) loss on sale of investments (17) 48 (87)
Unrealized loss on investments, net 1,872 4,688 5,342
Equity in loss from unconsolidated joint ventures, net of distributions 1,298 666 77
Deferred income tax expense 15,977 8,088 8,378
Cost of real estate sold 55,933 33,366 22,814
Expenditures for and acquisition of real estate to be sold (47,318) (40,469) (40,081)
Accretion income and other (810) (919) (1,221)
Loss (gain) on disposal of property and equipment 270 146 (67)
Gain on contribution to unconsolidated joint ventures (3,558) (19,983) (2,317)
Gain on insurance for damage to property and equipment, net (4,853) (690) (5,347)
Changes in operating assets and liabilities:      
Other assets (6,372) (12,991) 1,078
Other liabilities 7,424 4,225 3,728
Income taxes receivable   2,843 1,071
Net cash provided by operating activities 111,797 37,331 30,393
Cash flows from investing activities:      
Expenditures for operating property (149,199) (116,085) (64,851)
Expenditures for property and equipment (4,302) (5,689) (9,354)
Proceeds from the disposition of assets 34 8 72
Proceeds from insurance claims 4,853 690 12,071
Purchases of investments - debt securities (157,928) (58,912)  
Purchases of investments - equity securities     (5,797)
Purchases of restricted investments   (24) (74)
Maturities of investments - debt securities 117,000 11,000 7,000
Sales of investments - debt securities 36   2,830
Sales of investments - equity securities 325 2,502 26,859
Sales of restricted investments 1,173 1,225 1,159
Capital contribution to unconsolidated joint ventures (9,389) (10,815) (1,116)
Capital distribution from unconsolidated joint ventures 1,020    
Payments for interest in unconsolidated joint venture (495)    
Maturities of assets held by special purpose entities 787 787 787
Net cash used in investing activities (196,085) (175,313) (30,414)
Cash flows from financing activities:      
Capital contribution from non-controlling interest 3,189 7,748 2,546
Capital distribution to non-controlling interest (1,247) (621) (600)
Additional ownership interest in Windmark     (11,619)
Repurchase of common shares   (8,803) (20,845)
Dividends paid (18,844) (4,122) 0
Borrowings on debt 69,300 69,008 23,935
Principal payments for debt (2,327) (1,940) (1,607)
Principal payments for finance leases (104) (55) (36)
Debt issuance costs (1,398) (1,791) (1,149)
Net cash provided by (used in) financing activities 48,569 59,424 (9,375)
Net decrease in cash, cash equivalents and restricted cash (35,719) (78,558) (9,396)
Cash, cash equivalents and restricted cash at beginning of the year 110,119 188,677 198,073
Cash, cash equivalents and restricted cash at end of the year $ 74,400 $ 110,119 $ 188,677