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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 15,432 $ 11,908 $ 33,971 $ 23,573
Costs and Expenses:        
Total expenses 12,717 13,411 32,060 30,693
Operating income (loss) 2,715 (1,503) 1,911 (7,120)
Other Income:        
Investment income 351 91 980 289
Other loss, net (16) (2) (40) (291)
Total other income (loss) 335 89 940 (2)
Income (loss) from operations before equity in earnings of unconsolidated joint ventures 3,050 (1,414) 2,851 (7,122)
Equity in earnings of unconsolidated joint ventures, net 1,592 1,724 2,411 3,512
Income (loss) before income tax expense 4,642 310 5,262 (3,610)
Income tax expense (benefit) 1,155 336 1,333 (1,468)
Net income (loss) 3,487 (26) 3,929 (2,142)
Net loss attributable to non-controlling interest (1) (4) (19) (42)
Net income (loss) attributable to common stockholders $ 3,488 $ (22) $ 3,948 $ (2,100)
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) $ 0.13 $ 0.00 $ 0.15 $ (0.10)
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.13 $ 0.00 $ 0.15 $ (0.10)
Real estate - commercial/industrial        
Other Income:        
Equity in earnings of unconsolidated joint ventures, net $ 1,592 $ 1,724 $ 2,411 $ 3,512
Income (loss) before income tax expense 2,359 2,841 4,814 5,256
Real estate - resort/residential        
Costs and Expenses:        
Total expenses 471 271 1,319 1,401
Mineral resources        
Other Income:        
Income (loss) from operations before equity in earnings of unconsolidated joint ventures 781 614 6,586 2,281
Ranch operations        
Other Income:        
Income (loss) from operations before equity in earnings of unconsolidated joint ventures (557) (285) (1,466) (1,298)
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues 2,445 2,432 6,788 6,704
Costs and Expenses:        
Total expenses 1,678 1,315 4,385 4,960
Operating Segments | Mineral resources        
Revenues:        
Total revenues 1,355 1,142 11,986 4,662
Costs and Expenses:        
Total expenses 574 528 5,400 2,381
Operating Segments | Farming        
Revenues:        
Total revenues 10,836 7,466 12,573 9,398
Costs and Expenses:        
Total expenses 6,541 7,921 9,570 10,502
Operating Segments | Ranch operations        
Revenues:        
Total revenues 796 868 2,624 2,809
Costs and Expenses:        
Total expenses 1,353 1,153 4,090 4,107
Corporate expenses        
Costs and Expenses:        
Total expenses $ 2,100 $ 2,223 $ 7,296 $ 7,342