Business Segments (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Business segments (in thousands)

	Three Months ended						Six Months ended
	June 30,						June 30,
	2017			2016			2017			2016
Revenues:
Asset management	$	7,194			6,927			14,479			14,501
Mining royalty lands		1,833			2,059			3,595			3,837
Land development and construction		333			257			608			520
		9,360			9,243			18,682			18,858
Operating profit:
Before corporate expenses:
Asset management	$	3,234			3,318			6,735			6,741
Mining royalty lands		1,701			1,940			3,326			3,589
Land development and construction		(383	)		(2,608	)		(778	)		(3,163	)
Corporate expenses:
Allocated to asset management		(321	)		(354	)		(1,074	)		(874	)
Allocated to mining royalty		(28	)		(52	)		(94	)		(127	)
Allocated to land development and construction		(217	)		(278	)		(725	)		(691	)
		(566	)		(684	)		(1,893	)		(1,692	)
	$	3,986			1,966			7,390			5,475
Interest expense:
Asset management	$	371			392			619			807
Depreciation, depletion and amortization:
Asset management	$	2,057			1,985			4,022			3,820
Mining royalty lands		35			15			74			46
Land development and construction		110			66			165			129
	$	2,202			2,066			4,261			3,995
Capital expenditures:
Asset management	$	3,532			761			4,788			1,234
Mining royalty lands		—			102			—			106
Land development and construction		878			611			3,351			1,090
	$	4,410			1,474			8,139			2,430

	June 30,		December 31,
Identifiable net assets	2017		2016
Asset management	$	179,350		169,736
Mining royalty lands		38,990		39,259
Land development and construction		49,527		57,126
Cash items		—		—
Unallocated corporate assets		3,343		439
	$	271,210		266,560