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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
     Lease revenue $ 6,282 $ 3,538
     Mining lands lease revenue 2,425 2,315
 Total revenues 8,707 5,853
Cost of operations:    
     Depreciation, depletion and amortization 2,898 1,443
     Operating expenses 1,808 841
     Property taxes 1,028 778
     Management company indirect 774 570
     Corporate expenses 835 779
Total cost of operations 7,343 4,411
Total operating profit 1,364 1,442
Net investment income 898 1,375
Interest expense (738) (925)
Equity in loss of joint ventures (1,604) (1,635)
Gain on remeasurement of investment in real estate partnership 0 51,139
Gain on sale of real estate 733 0
Income before income taxes 653 51,396
Provision for income taxes 249 10,521
Net income 404 40,875
Gain (loss) attributable to noncontrolling interest (268) 12,502
Net income attributable to the Company $ 672 $ 28,373
Earnings per common share:    
    Basic $ 0.07 $ 3.04
    Diluted $ 0.07 $ 3.03
Number of shares (in thousands) used in computing:    
    -basic earnings per common share 9,366 9,341
    -diluted earnings per common share 9,417 9,376