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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
Revenues:        
Lease revenue $ 3,730 $ 3,498 $ 7,215 $ 6,801
Mining lands lease revenue 2,633 2,055 4,862 3,827
Total revenues 6,363 5,553 12,077 10,628
Cost of operations:        
Depreciation, depletion and amortization 1,472 2,131 2,959 4,529
Operating expenses 910 1,103 1,792 1,968
Property taxes 713 611 1,466 1,286
Management company indirect 610 455 1,202 816
Corporate expenses (Note 4 Related Party) 551 1,709 1,196 2,388
Total cost of operations 4,256 6,009 8,615 10,987
Total operating profit (loss) 2,107 (456) 3,462 (359)
Net investment income, including realized gains of $328, $0, $447 and $0, respectively 1,984 216 3,794 221
Interest expense (272) (807) (860) (1,650)
Equity in loss of joint ventures (272) (11) (536) (23)
Gain on real estate investments 536 0 536 0
Income (loss) from continuing operations before income taxes 4,083 (1,058) 6,396 (1,811)
Provision for (benefit from) income taxes 1,131 (179) 1,803 (239)
Income (loss) from continuing operations 2,952 (879) 4,593 (1,572)
Income from discontinued operations, net of tax 6,776 120,465 6,862 122,187
Net income 9,728 119,586 11,455 120,615
Loss attributable to noncontrolling interest (97) (396) (268) (927)
Net income attributable to the Company $ 9,825 $ 119,982 $ 11,723 $ 121,542
Basic earnings per common share        
Income (loss) from continuing operations $ 0.30 $ (0.09) $ 0.46 $ (0.16)
Discontinued operations 0.68 12.01 0.69 12.19
Net income attributable to the Company 0.99 11.96 1.18 12.13
Diluted earnings per common share        
Income (loss) from continuing operations 0.30 (0.09) 0.46 (0.16)
Discontinued operations 0.68 11.92 0.69 12.10
Net income attributable to the Company $ 0.99 $ 11.87 $ 1.17 $ 12.04
Number of shares (in thousands) used in computing:        
-basic earnings per common share 9,915 10,033 9,933 10,024
-diluted earnings per common share 9,960 10,109 9,978 10,099