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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental revenue $ 3,350 $ 750 $ 6,497 $ 1,507
Mining Royalty and rents 2,033 1,809 3,783 3,548
Revenue - reimbursements 170 160 348 299
Total revenues 5,553 2,719 10,628 5,354
Cost of operations:        
Depreciation, depletion and amortization 2,131 273 4,529 499
Operating expenses 1,103 207 1,968 437
Property taxes 611 376 1,286 737
Management company indirect 455 307 816 611
Corporate expenses (Note 4 Related Party) 1,709 566 2,388 1,893
Total cost of operations 6,009 1,729 10,987 4,177
Total operating profit (loss) (456) 990 (359) 1,177
Interest income 216 0 221 0
Interest expense (807) 0 (1,650) 0
Equity in loss of joint ventures (11) (806) (23) (1,577)
Income (loss) before income taxes (1,058) 184 (1,811) (400)
Provision for (benefit from) income taxes (179) 59 (239) (172)
Income (loss) from continuing operations (879) 125 (1,572) (228)
Income from discontinued operations, net 120,465 1,588 122,187 3,384
Net income 119,586 1,713 120,615 3,156
Income (loss) attributable to noncontrolling interest (396) 0 (927) 0
Net income attributable to the Company $ 119,982 $ 1,713 $ 121,542 $ 3,156
Basic earnings per common share        
Income (loss) from continuing operations $ (0.09) $ 0.01 $ (0.16) $ (0.02)
Discontinued operations 12.01 0.16 12.19 0.34
Net income attributable to the Company 11.96 0.17 12.13 0.32
Diluted earnings per common share        
Income from continuing operations (0.09) 0.01 (0.16) (0.02)
Discontinued operations 11.92 0.16 12.10 0.34
Net income attributable to the Company $ 11.87 $ 0.17 $ 12.04 $ 0.32
Number of shares (in thousands) used in computing:        
-basic earnings per common share 10,033 9,965 10,024 9,948
-diluted earnings per common share 10,109 10,038 10,099 10,019