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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Lease revenue $ 14,106 $ 14,318 $ 13,883
Mining Royalty and rents 9,477 9,438 8,139
Total revenues 23,583 23,756 22,022
Cost of operations:      
Depreciation, depletion and amortization 5,828 5,855 7,898
Operating expenses 3,333 4,134 4,285
Environmental remediation recovery 0 0 (465)
Property taxes 2,826 2,941 2,625
Management company indirect 2,951 2,514 1,765
Corporate expenses 3,511 2,556 3,952
Total cost of operations 18,449 18,000 20,060
Total operating profit 5,134 5,756 1,962
Net investment income, including realized gains (losses) of $298, $949 and ($1,195), respectively 7,415 8,375 2,672
Interest expense (1,100) (1,054) (3,103)
Equity in loss of joint ventures (5,690) (1,954) (88)
Gain on sale of real estate 9,170 661 40
Income from continuing operations before income taxes 14,929 11,784 1,483
Provision for income taxes 3,207 2,962 524
Income from continuing operations 11,722 8,822 959
Income from discontinued transportation operations, net of tax 0 6,856 122,129
Net income 11,722 15,678 123,088
Loss attributable to noncontrolling interest (993) (499) (1,384)
Net income attributable to the Company $ 12,715 $ 16,177 $ 124,472
Basic earnings per common share      
Income from continuing operations $ 1.22 $ 0.89 $ 0.10
Discontinued operations 0 0.69 12.16
Net income 1.33 1.64 12.40
Diluted earnings per common share      
Income from continuing operations 1.22 0.89 0.09
Discontinued operations 0 0.69 12.09
Net income $ 1.32 $ 1.63 $ 12.32
Number of shares (in thousands) used in computing:      
-basic earnings per common share 9,580 9,883 10,040
-diluted earnings per common share 9,609 9,926 10,105