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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
Revenues:        
Lease revenue $ 3,581 $ 3,617 $ 10,796 $ 10,418
Mining lands lease revenue 2,302 2,125 7,164 5,952
Total revenues 5,883 5,742 17,960 16,370
Cost of operations:        
Depreciation, depletion and amortization 1,431 1,821 4,390 6,350
Operating expenses 952 983 2,744 2,951
Environmental remediation 0 (465) 0 (465)
Property taxes 740 663 2,206 1,949
Management company indirect 670 550 1,872 1,366
Corporate expenses 732 522 1,928 2,910
Total cost of operations 4,525 4,074 13,140 15,061
Total operating profit 1,358 1,668 4,820 1,309
Net investment income, including realized gains of $144, $0, $591 and $0, respectively 2,019 1,654 5,813 1,875
Interest expense (129) (768) (989) (2,418)
Equity in loss of joint ventures (746) (13) (1,282) (36)
Gain (loss) on real estate investments 126 (3) 662 (3)
Income from continuing operations before income taxes 2,628 2,538 9,024 727
Provision for income taxes 726 508 2,529 269
Income from continuing operations 1,902 2,030 6,495 458
Income (loss) from discontinued operations, net (13) (78) 6,849 122,109
Net income 1,889 1,952 13,344 122,567
Loss attributable to noncontrolling interest (112) (272) (380) (1,199)
Net income attributable to the Company $ 2,001 $ 2,224 $ 13,724 $ 123,766
Basic earnings per common share        
Income from continuing operations $ 0.19 $ 0.20 $ 0.66 $ 0.05
Discontinued operations 0.00 (0.01) 0.69 12.17
Net income attributable to the Company 0.20 0.22 1.39 12.33
Diluted earnings per common share        
Income from continuing operations 0.19 0.20 0.65 0.05
Discontinued operations 0.00 (0.01) 0.69 12.08
Net income attributable to the Company $ 0.20 $ 0.22 $ 1.38 $ 12.24
Number of shares (in thousands) used in computing:        
-basic earnings per common share 9,843 10,062 9,903 10,037
-diluted earnings per common share 9,886 10,135 9,945 10,110