XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Lease revenue $ 7,241 $ 7,246 $ 14,313 $ 14,416
Mining royalty and rents 3,609 3,231 6,843 6,194
Total revenues 10,850 10,477 21,156 20,610
Cost of operations:        
Depreciation/depletion/amortization 2,726 2,543 5,333 5,078
Operating expenses 2,580 1,702 4,439 3,569
Property taxes 1,002 860 1,940 1,667
General and administrative 2,885 2,552 5,462 4,594
Total cost of operations 9,193 7,657 17,174 14,908
Total operating profit 1,657 2,820 3,982 5,702
Net investment income 2,348 3,708 4,909 6,491
Interest expense (824) (829) (1,519) (1,740)
Equity in loss of joint ventures (2,379) (2,724) (4,410) (5,743)
Income before income taxes 802 2,975 2,962 4,710
Provision for income taxes 178 916 704 1,316
Net income 624 2,059 2,258 3,394
Income (loss) attributable to noncontrolling interest 46 15 (30) 49
Net income attributable to the Company $ 578 $ 2,044 $ 2,288 $ 3,345
Earnings per common share        
Net income attributable to the Company- basic (in dollars per share) [1] $ 0.03 $ 0.11 $ 0.12 $ 0.18
Net income attributable to the Company- diluted (in dollars per share) [1] $ 0.03 $ 0.11 $ 0.12 $ 0.18
Number of shares (in thousands) used in computing        
Basic earnings per common share (in shares) [1] 18,966 18,879 18,957 18,871
Diluted earnings per common share (in shares) [1] 19,016 18,948 19,017 18,958
[1] Adjusted for the 2 for 1 stock split that occurred in April 2024