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Business Segments (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Operating results and certain other financial data for the Company’s business segments

Operating results and certain other financial data for the Company’s business segments are as follows (in thousands):

               
     Three Months ended  Six Months ended
     June 30,  June 30,
     2021  2020  2021  2020
  Revenues:            

Revenues 

 Asset management  $588    716    1,300    1,368 
Revenues  Mining royalty lands   2,634    2,402    4,949    4,587 
Revenues  Development   451    279    768    572 
Revenues  Stabilized Joint Venture   4,822    2,452    7,331    5,105 
Revenues     8,495    5,849    14,348    11,632 
                       
  Operating profit (loss):                    
   Before corporate expenses:                    
Operating profit before corporate expenses    Asset management  $128    323    359    500 
Operating profit before corporate expenses    Mining royalty lands   2,400    2,194    4,494    4,195 
Operating profit before corporate expenses    Development   (411)   (703)   (797)   (1,477)
Operating profit before corporate expenses    Stabilized Joint Venture   (1,226)   416    (944)   993 
Operating profit before corporate expenses     Operating profit before corporate expenses   891    2,230    3,112    4,211 
   Corporate expenses:                    
Corporate expenses   Allocated to asset management   (288)   (265)   (502)   (573)
Corporate expenses   Allocated to mining royalty lands   (108)   (84)   (189)   (181)
Corporate expenses   Allocated to development   (522)   (617)   (941)   (1,329)
Corporate expenses   Allocated to stabilized joint venture   (132)   (60)   (197)   (130)
Corporate expenses     Total corporate expenses   (1,050)   (1,026)   (1,829)   (2,213)
 Operating profit    $(159)   1,204    1,283    1,998 
                       
Interest expense Interest expense  $446    45    1,371    96 
                       
  Depreciation, depletion and amortization:                    
Depreciation, depletion and amortization  Asset management  $134    200    271    392 
Depreciation, depletion and amortization  Mining royalty lands   58    62    123    100 
Depreciation, depletion and amortization  Development   53    53    106    107 
Depreciation, depletion and amortization  Stabilized Joint Venture   4,143    1,185    5,331    2,369 
Depreciation, depletion and amortization    $4,388    1,500    5,831    2,968 
  Capital expenditures:                    
Capital expenditures  Asset management  $139    341    218    554 
Capital expenditures  Mining royalty lands   —      —      —      —   
Capital expenditures  Development   2,907    320    6,206    617 
Capital expenditures  Stabilized Joint Venture   412    19    421    (4)
Capital expenditures    $3,458    680    6,845    1,167 

 

Identifiable net assets

     June 31,  December 31,
  Identifiable net assets  2021  2020
         

Assets

Asset management  $10,939    11,172 
Assets Mining royalty lands   37,338    37,387 
Assets Development   180,264    196,212 
Assets Stabilized Joint Venture   270,459    130,472 
Investments available for sale Investments available for sale at fair value   32,129    75,609 
Cash Cash items   138,838    74,105 
Assets Unallocated corporate assets   11,285    11,403 
Assets    $681,252    536,360