Business Segments (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Business segments (in thousands)

	Three Months ended						Nine Months ended
	September 30,						September 30,
	2019			2018			2019			2018
Revenues:
Asset management	$	430			568			1,733			1,717
Mining royalty lands		2,302			2,125			7,164			5,952
Development		307			330			892			944
Stabilized Joint Venture		2,844			2,719			8,171			7,757
		5,883			5,742			17,960			16,370
Operating profit (loss):
Before corporate expenses:
Asset management	$	8			276			233			783
Mining royalty lands		2,103			1,961			6,605			5,497
Development		(629	)		(139	)		(1,747	)		(1,146	)
Stabilized Joint Venture		608			92			1,657			(915	)
Operating profit before corporate expenses		2,090			2,190			6,748			4,219
Corporate expenses:
Allocated to asset management		(168	)		(34	)		(470	)		(146	)
Allocated to mining royalty lands		(44	)		(28	)		(123	)		(157	)
Allocated to development		(479	)		(408	)		(1,219	)		(1,110	)
Allocated to stabilized joint venture		(41	)		(52	)		(116	)		(289	)
Unallocated		—			—			—			(1,208	)
Total corporate expenses		(732	)		(522	)		(1,928	)		(2,910	)
	$	1,358			1,668			4,820			1,309
Interest expense	$	129			768			989			2,418
Depreciation, depletion and amortization:
Asset management	$	154			145			527			405
Mining royalty lands		36			55			130			145
Development		54			57			161			171
Stabilized Joint Venture		1,187			1,564			3,572			5,629
	$	1,431			1,821			4,390			6,350
Capital expenditures:
Asset management	$	824			17			8,642			184
Mining royalty lands		—			—			—			—
Development		167			4,268			415			5,578
Stabilized Joint Venture		194			25			304			(33	)
	$	1,185			4,310			9,361			5,729

		September 30,	December 31,
Identifiable net assets		2019	2018
Asset management	$	17,823	10,593
Discontinued operations		32	3,224
Mining royalty lands		38,734	37,991
Development		118,209	119,029
Stabilized Joint Venture		135,232	138,206
Investments available for sale at fair value		115,308	165,212
Cash items		75,980	22,749
Unallocated corporate assets		34,979	8,484
	$	536,297	505,488