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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Total revenues $ 45,338 $ 47,089 $ 63,098
Costs and Expenses:      
Total expenses 44,162 43,961 42,224
Operating income 1,176 3,128 20,874
Other Income:      
Investment income 941 1,242 1,260
Interest income (expense) 0 (12) 0
Other income 66 113 98
Total other income 1,007 1,343 1,358
Income from operations before equity in earnings of unconsolidated joint ventures 2,183 4,471 22,232
Equity in earnings of unconsolidated joint ventures, net 4,006 2,535 916
Income before income tax expense 6,189 7,006 23,148
Income tax expense 2,086 2,723 7,367
Net income 4,103 4,283 15,781
Net loss attributable to non-controlling interest (62) (158) (113)
Net income attributable to common stockholders 4,165 4,441 15,894
Net income per share attributable to common stockholders, basic, in dollars per share $ 0.21 $ 0.22 $ 0.80
Net income per share attributable to common stockholders, diluted, in dollars per share $ 0.20 $ 0.22 $ 0.80
Real estate - commercial/industrial
     
Revenues:      
Total revenues 11,148 9,941 13,746
Costs and Expenses:      
Total expenses 12,902 12,271 13,221
Operating income 2,311 247 1,444
Other Income:      
Equity in earnings of unconsolidated joint ventures, net 4,065 2,577 919
Real estate- resort/residential
     
Revenues:      
Total revenues 1,266 583 16,134
Costs and Expenses:      
Total expenses 3,351 4,761 3,942
Operating income (2,144) (4,220) 12,189
Mineral resources
     
Revenues:      
Total revenues 10,242 [1] 14,012 [1] 12,206 [1]
Costs and Expenses:      
Total expenses 462 334 209
Operating income 9,780 [1] 13,678 [1] 11,997 [1]
Farming
     
Revenues:      
Total revenues 22,682 22,553 21,012
Costs and Expenses:      
Total expenses 14,806 13,323 12,575
Operating income 7,876 9,230 8,437
Corporate expenses
     
Costs and Expenses:      
Total expenses $ 12,641 $ 13,272 $ 12,277
[1] During the fourth quarter of 2012, the Company evaluated its operations and determined that an additional segment should be reported, Mineral Resources. Mineral Resources collects royalty income from oil and gas leases, rock and aggregate leases, and from a cement company.