Business Segments

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

The revenue components of our commercial/industrial real estate development segment for the six months ended June 30 are as follows:

(In thousands)	2013		2012
Commercial leases	$	3,401	$	2,958
Grazing leases	748		587
Land Sale	—		648
All other land management ancillary services	1,398		578
	$	5,547	$	4,771

Commercial lease revenue consists of land and building leases to tenants at our commercial retail and industrial developments, base and percentage rents from our Calpine power plant lease, communication tower rents, and payments from easement leases. Land management ancillary services include wildlife management, landscape and property maintenance, and building management services. During the first eight months of 2012, the Company’s game management operations were temporarily suspended in order to complete the development of a new sales program and operating procedures. Please refer to Form 8-K filed on January 20, 2012 regarding the Company’s game management and hunting operations. Game management reopened operations on September 1, 2012.

The resort/residential real estate development segment produces revenues from farming activities within the Centennial Founders, LLC and is actively involved in the land entitlement and pre-development process. The farming segment produces revenues from the sale of winegrapes, almonds and pistachios.

The mineral resources segment receives oil and mineral royalties from the exploration and development companies who extract or mine the natural resources from our land. The following table summarizes these activities:

	Six Months Ended
($ in thousands)	June 30, 2013		June 30, 2012
Oil and gas	$	4,418	$	6,510
Rock aggregate	296		305
Cement	375		337
Land lease for oil exploration	542		633
	$	5,631	$	7,785