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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net earnings $ 5,500,000 $ 6,889,000 $ 8,426,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 4,353,000 3,285,000 3,566,000
Amortization of credit facility fees 61,000 63,000 65,000
Stock-based compensation 294,000 302,000 364,000
Deferred income taxes 413,000 (966,000) (4,286,000)
Provision for contingent obligation 1,005,000 424,000 158,000
(Gains) losses on equity investments (162,000) 90,000  
Gain on sale of land (4,325,000) (2,413,000)  
Changes in assets and liabilities:      
Accounts receivable 31,000 (200,000) (57,000)
Inventories 3,000 (6,000) 2,000
Prepaid expenses and other (181,000) 37,000 (97,000)
Accounts payable (8,000) 66,000 (252,000)
Accrued liabilities 407,000 38,000 (3,000)
Payable to/receivable from Dover Downs Gaming & Entertainment, Inc. (9,000) 2,000  
Income taxes payable/receivable (380,000) 1,284,000 (699,000)
Contract liabilities (164,000) (109,000) (106,000)
Liability for pension benefits (63,000) (1,835,000) (1,248,000)
Net cash provided by operating activities 6,775,000 6,951,000 5,833,000
Investing activities:      
Capital expenditures (6,446,000) (992,000) (1,877,000)
Proceeds from sale of land, net 7,224,000 4,945,000  
Non-refundable deposit received 500,000    
Purchases of equity investments (51,000) (124,000) (176,000)
Proceeds from sale of equity investments 40,000 90,000 145,000
Net cash provided by (used in) investing activities 1,267,000 3,919,000 (1,908,000)
Financing activities:      
Borrowings from revolving line of credit 4,180,000 12,260,000 25,680,000
Repayments on revolving line of credit (4,180,000) (15,500,000) (26,280,000)
Dividends paid (3,642,000) (2,930,000) (2,944,000)
Repurchase of common stock (739,000) (750,000) (381,000)
Credit facility fees (35,000)    
Net cash used in financing activities (4,416,000) (6,920,000) (3,925,000)
Net increase in cash 3,626,000 3,950,000  
Cash, beginning of year 3,951,000 1,000 1,000
Cash, end of year 7,577,000 3,951,000 1,000
Supplemental information:      
Interest (received) paid (72,000) 72,000 368,000
Income tax payments 1,752,000 1,861,000 3,097,000
Change in accounts payable for capital expenditures $ (60,000) $ 60,000 $ (34,000)