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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Rental revenue $ 13,219 $ 7,815
Mining Royalty and rents 8,050 7,153
Revenue - reimbursements 753 634
Total revenues 22,022 15,602
Cost of operations:    
Depreciation, depletion and amortization 7,898 5,934
Operating expenses 4,285 2,136
Environmental remediation recovery (465) 0
Property taxes 2,625 2,016
Management company indirect 1,765 1,295
Corporate expenses (Note 4 Related Party) 3,952 3,180
Total cost of operations 20,060 14,561
Total operating profit 1,962 1,041
Net investment income, including realized losses of $1,195 2,672 0
Interest expense (3,103) (2,741)
Equity in loss of joint ventures (88) (1,598)
Gain on remeasurement of investment in real estate partnership 0 60,196
Gain on investment land sold 40 0
Income from continuing operations before income taxes 1,483 56,898
Provision for income taxes 524 7,350
Income from continuing operations 959 49,548
Income from discontinued transportation operations, net of tax 122,129 11,003
Net income 123,088 60,551
Income (loss) attributable to noncontrolling interest (1,384) 18,801
Net income attributable to the Company $ 124,472 $ 41,750
Basic earnings per common share    
Income from continuing operations $ 0.10 $ 4.97
Discontinued operations 12.16 1.10
Net income 12.40 4.19
Diluted earnings per common share    
Income from continuing operations 0.09 4.94
Discontinued operations 12.09 1.10
Net income $ 12.32 $ 4.16
Number of shares (in thousands) used in computing:    
-basic earnings per common share 10,040 9,975
-diluted earnings per common share 10,105 10,040