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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
     Lease revenue $ 26,798,000 $ 21,755,000 $ 14,106,000
     Mining Royalty and rents 10,683,000 9,465,000 9,477,000
 Total Revenues 37,481,000 31,220,000 23,583,000
Cost of operations:      
     Depreciation, depletion and amortization 11,217,000 12,737,000 5,828,000
     Operating expenses 7,065,000 6,219,000 3,333,000
     Property taxes 4,125,000 3,751,000 2,826,000
     Management company indirect 3,416,000 3,168,000 2,951,000
     Corporate expenses (Note 3 Related Party) 3,662,000 3,071,000 3,511,000
Total cost of operations 29,485,000 28,946,000 18,449,000
Total operating profit 7,996,000 2,274,000 5,134,000
Net investment income, including realized gains of $0, $0, and $298, respectively 5,473,000 4,215,000 7,415,000
Interest expense (3,045,000) (2,304,000) (1,100,000)
Equity in loss of joint ventures (5,721,000) (5,754,000) (5,690,000)
Gain on remeasurement of investment in real estate partnership 0 51,139,000 0
Gain on sale of real estate 874,000 805,000 9,170,000
Income before income taxes 5,577,000 50,375,000 14,929,000
Provision for income taxes 1,530,000 10,281,000 3,207,000
Net income 4,047,000 40,094,000 11,722,000
(Loss) gain attributable to noncontrolling interest (518,000) 11,879,000 (993,000)
Net income attributable to the Company $ 4,565,000 $ 28,215,000 $ 12,715,000
Earnings per common share:      
    Basic $ 0.49 $ 3.02 $ 1.33
    Diluted $ 0.48 $ 3.00 $ 1.32
Number of shares (in thousands) used in computing:      
    -basic earnings per common share 9,386 9,355 9,580
    -diluted earnings per common share 9,435 9,397 9,609