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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting Information [Line Items]  
Reconciliation of revenues, segment profits (losses) and net income (loss)
Information pertaining to operating results of the Company's business segments are as follows:
($ in thousands)
 
December 31, 2015
 
December 31, 2014
 
December 31, 2013
Revenues
 
 
 
 
 
 
Real estate—commercial/industrial (1)
 
$
8,272

 
$
7,845

 
$
7,455

Mineral resources
 
15,116

 
16,255

 
10,242

Farming (2)
 
23,836

 
23,435

 
23,610

Ranch operations (1)
 
3,923

 
3,534

 
3,693

Segment revenues
 
51,147

 
51,069

 
45,000

Equity in unconsolidated joint ventures, net
 
6,324

 
5,294

 
4,006

Investment income
 
528

 
696

 
941

Other income
 
381

 
526

 
404

Total revenues and other income
 
58,380

 
57,585

 
50,351

Segment Profits (Losses)
 
 
 
 
 
 
Real estate—commercial/industrial (1)
 
1,578

 
639

 
602

Real estate—resort/residential
 
(2,349
)
 
(2,608
)
 
(2,231
)
Mineral resources
 
7,720

 
9,837

 
8,965

Farming (2)
 
4,852

 
7,185

 
7,684

Ranch operations (1)
 
(2,189
)
 
(2,464
)
 
(2,356
)
Segment profits (3)
 
9,612

 
12,589

 
12,664

Equity in unconsolidated joint ventures, net
 
6,324

 
5,294

 
4,006

Investment income
 
528

 
696

 
941

Other income
 
381

 
526

 
404

Corporate expenses
 
(12,808
)
 
(10,646
)
 
(11,826
)
Income from operations before income taxes
 
$
4,037

 
$
8,459

 
$
6,189

 
 
 
 
 
 
 
(1) During the fourth quarter of 2015, the Company reclassified revenues and expenses previously classified as commercial/industrial into a new segment called Ranch Operations. Ranch operations is comprised of grazing leases, special services and other ancillary services supporting the ranch.
(2) During the fourth quarter of 2014, the Company determined hay crop sales previously recorded in the resort/residential segment revenues fit most appropriately with our farming segment revenues. The Company has reclassified prior periods to conform to the current year presentation.
(3) Segment profits are revenues less operating expenses, excluding investment income and expense, corporate expenses, equity in earnings of unconsolidated joint ventures, and income taxes.
Schedule of information pertaining to assets of segments
Information pertaining to assets of the Company’s business segments is as follows for each of the years ended December 31: 
($ in thousands)
 
Identifiable
Assets
 
Depreciation and Amortization
 
Capital
Expenditures
2015
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
67,550

 
$
469

 
$
7,023

Real estate - resort/residential
 
228,064

 
71

 
16,404

Mineral resources
 
46,025

 
1,501

 
1,199

Farming
 
32,542

 
929

 
2,583

Ranch operations
 
4,313

 
460

 
299

Corporate
 
53,425

 
1,660

 
540

Total
 
$
431,919

 
$
5,090

 
$
28,048

2014
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
67,640

 
$
645

 
$
8,391

Real estate - resort/residential
 
212,534

 
76

 
10,214

Mineral resources
 
47,434

 
1,351

 
—

Farming
 
34,464

 
1,633

 
4,701

Ranch operations
 
4,295

 
453

 
561

Corporate
 
65,556

 
713

 
908

Total
 
$
431,923

 
$
4,871

 
$
24,775

2013
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
47,593

 
$
717

 
$
12,109

Real estate - resort/residential
 
130,576

 
78

 
2,957

Mineral resources
 
48,633

 
—

 
—

Farming
 
31,925

 
1,465

 
5,733

Ranch operations
 
4,789

 
488

 
187

Corporate
 
79,363

 
1,478

 
572

Total
 
$
342,879

 
$
4,226

 
$
21,558
Real estate - commercial/industrial  
Segment Reporting Information [Line Items]  
Components of segment revenues
The revenue components of the commercial/industrial real estate segment for the years ended December 31 are as follow:
($ in thousands)
2015
 
2014
 
2013
PEF lease
$
3,694

 
$
3,445

 
$
4,195

Commercial leases
2,830

 
1,845

 
1,770

Communication leases
784

 
782

 
787

Other leases
105

 
84

 
46

Landscaping and other
859

 
1,181

 
657

Land Sale
—

 
508

 
—

Total commercial revenues
$
8,272

 
$
7,845

 
$
7,455

Equity in earnings of unconsolidated joint ventures
6,324

 
5,294

 
4,006

Commercial revenues & equity in earnings of unconsolidated joint ventures
$
14,596

 
$
13,139

 
$
11,461
Mineral resources  
Segment Reporting Information [Line Items]  
Components of segment revenues
The following table summarizes these activities for each of the years ended December 31:
($ in thousands)
 
2015
 
2014
 
2013
Oil and gas
 
$
2,662

 
$
6,096

 
$
7,810

Rock aggregate
 
870

 
1,216

 
964

Cement
 
1,263

 
1,043

 
819

Land lease for oil exploration
 
156

 
198

 
648

Water sales
 
10,165

 
7,702

 
—

Other
 
—

 
—

 
1

Total mineral resources revenues
 
$
15,116

 
$
16,255

 
$
10,242
Farming segment  
Segment Reporting Information [Line Items]  
Components of segment revenues
The farming segment produces revenues from the sale of wine grapes, almonds, pistachios and hay. The revenue components of the farming segment were as follows for each of the year ended December 31:
($ in thousands)
 
2015
 
2014
 
2013
Almonds
 
$
12,238

 
$
10,036

 
$
10,857

Pistachios
 
6,425

 
7,585

 
7,537

Wine grapes
 
4,338

 
3,978

 
4,094

Hay
 
749

 
1,361

 
928

Total crop proceeds
 
23,750

 
22,960

 
23,416

Other farming revenues
 
86

 
475

 
194

Total farming revenues
 
$
23,836

 
$
23,435

 
$
23,610
Ranch operations  
Segment Reporting Information [Line Items]  
Components of segment revenues
($ in thousands)
 
2015
 
2014
 
2013
Game management
 
$
1,658

 
$
1,652

 
$
1,648

Grazing
 
1,484

 
1,155

 
1,433

High Desert Hunt Club
 
351

 
302

 
288

Filming and other
 
430

 
425

 
324

Total ranch operations revenues
 
$
3,923

 
$
3,534

 
$
3,693