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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net earnings $ 7,482,000 $ 5,500,000 $ 6,889,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 3,046,000 4,353,000 3,285,000
Amortization of credit facility fees 56,000 61,000 63,000
Stock-based compensation 311,000 294,000 302,000
Deferred income taxes (2,552,000) 413,000 (966,000)
(Benefit) provision for contingent obligation (171,000) 1,005,000 424,000
(Gains) losses on equity investments (115,000) (162,000) 90,000
Gain on sale of land (4,843,000) (4,325,000) (2,413,000)
Changes in assets and liabilities:      
Accounts receivable 44,000 31,000 (200,000)
Inventories   3,000 (6,000)
Prepaid expenses and other (398,000) (181,000) 37,000
Accounts payable 219,000 (8,000) 66,000
Accrued liabilities (383,000) 407,000 38,000
Payable to Dover Downs Gaming & Entertainment, Inc   (9,000) 2,000
Income taxes payable/receivable 215,000 (380,000) 1,284,000
Contract liabilities 419,000 (164,000) (109,000)
Liability for pension benefits (137,000) (63,000) (1,835,000)
Net cash provided by operating activities 3,193,000 6,775,000 6,951,000
Investing activities:      
Capital expenditures (1,998,000) (6,446,000) (992,000)
Proceeds from sale of land, net 5,960,000 7,224,000 4,945,000
Non-refundable deposit received 500,000 500,000  
Purchases of equity investments (361,000) (51,000) (124,000)
Proceeds from sale of equity investments 337,000 40,000 90,000
Net cash provided by investing activities 4,438,000 1,267,000 3,919,000
Financing activities:      
Borrowings from revolving line of credit 3,880,000 4,180,000 12,260,000
Repayments on revolving line of credit (3,880,000) (4,180,000) (15,500,000)
Dividends paid (2,546,000) (3,642,000) (2,930,000)
Repurchase of common stock (94,000) (739,000) (750,000)
Credit facility fees   (35,000)  
Net cash used in financing activities (2,640,000) (4,416,000) (6,920,000)
Net increase in cash 4,991,000 3,626,000 3,950,000
Cash, beginning of year 7,577,000 3,951,000 1,000
Cash, end of year 12,568,000 7,577,000 3,951,000
Supplemental information:      
Interest (received) paid (17,000) (72,000) 72,000
Income tax payments 2,275,000 1,752,000 1,861,000
Change in accounts payable for capital expenditures $ 232,000 $ (60,000) $ 60,000