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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Total revenues $ 51,147 $ 51,069 $ 45,000
Costs and Expenses:      
Total expenses 54,343 49,126 44,162
Operating (loss) income (3,196) 1,943 838
Other Income:      
Investment income 528 696 941
Other income 381 526 404
Total other income 909 1,222 1,345
(Loss) income from operations before equity in earnings of unconsolidated joint ventures (2,287) 3,165 2,183
Equity in earnings of unconsolidated joint ventures, net 6,324 5,294 4,006
Income before income tax expense 4,037 8,459 6,189
Income tax expense 1,125 2,697 2,086
Net income 2,912 5,762 4,103
Net (loss) income attributable to non-controlling interest (38) 107 (62)
Net income attributable to common stockholders $ 2,950 $ 5,655 $ 4,165
Net income per share attributable to common stockholders, basic (in dollars per share) $ 0.14 $ 0.27 $ 0.21
Net income per share attributable to common stockholders, diluted (in dollars per share( $ 0.14 $ 0.27 $ 0.20
Ranch operations      
Revenues:      
Total revenues $ 3,923 $ 3,534 $ 3,693
Costs and Expenses:      
Total expenses 6,112 5,998 6,049
Operating Segments | Real estate - commercial/industrial      
Revenues:      
Total revenues 8,272 7,845 7,455
Costs and Expenses:      
Total expenses 6,694 7,206 6,853
Operating (loss) income 1,578 639 602
Other Income:      
Equity in earnings of unconsolidated joint ventures, net 6,324 5,294 4,006
Operating Segments | Real estate - resort/residential      
Costs and Expenses:      
Total expenses 2,349 2,608 2,231
Operating (loss) income (2,349) (2,608) (2,231)
Operating Segments | Mineral resources      
Revenues:      
Total revenues 15,116 16,255 10,242
Costs and Expenses:      
Total expenses 7,396 6,418 1,277
Operating (loss) income 7,720 9,837 8,965
Operating Segments | Farming      
Revenues:      
Total revenues 23,836 23,435 23,610
Costs and Expenses:      
Total expenses 18,984 16,250 15,926
Operating (loss) income 4,852 7,185 7,684
Operating Segments | Ranch operations      
Revenues:      
Total revenues 3,923 3,534 3,693
Costs and Expenses:      
Operating (loss) income (2,189) (2,464) (2,356)
Corporate      
Costs and Expenses:      
Total expenses $ 12,808 $ 10,646 $ 11,826