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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting Information [Line Items]  
Reconciliation of revenues, segment profits (losses) and net income (loss)
December 31 are as follows:
($ in thousands)
 
2014
 
2013
 
2012
Revenues
 
 
 
 
 
 
Real estate—commercial/industrial
 
$
16,708

 
$
15,213

 
$
12,518

Real estate—resort/residential
 
148

 
279

 
(42
)
Mineral resources (1)
 
16,255

 
10,242

 
14,012

Farming
 
23,435

 
23,610

 
23,136

Segment revenues
 
56,546

 
49,344

 
49,624

Investment income
 
696

 
941

 
1,242

Other income
 
343

 
66

 
113

Total revenues and other income
 
$
57,585

 
$
50,351

 
$
50,979

Segment Profits (Losses)
 
 
 
 
 
 
Real estate—commercial/industrial
 
$
3,504

 
$
2,311

 
$
247

Real estate—resort/residential
 
(2,460
)
 
(1,952
)
 
(3,739
)
Mineral resources (1)
 
9,837

 
8,965

 
12,970

Farming
 
7,185

 
7,684

 
8,749

Segment profits (2)
 
18,066

 
17,008

 
18,227

Investment income
 
696

 
941

 
1,242

Other income
 
343

 
66

 
113

Interest expense
 
—

 
—

 
(12
)
Corporate expenses
 
(10,646
)
 
(11,826
)
 
(12,564
)
Income from operations before income taxes
 
$
8,459

 
$
6,189

 
$
7,006


(1) During the fourth quarter of 2012, the Company evaluated its operations and determined that an additional segment should be reported, Mineral resources. Mineral resources collects royalty income from oil and gas leases, rock and aggregate leases, and from a cement company.

(2) Segment profits are revenues from operations plus equity in earnings of unconsolidated joint ventures, less operating expenses, excluding investment income and expense, corporate expenses, and income taxes.
Schedule of information pertaining to assets of segments
Information pertaining to assets of the Company’s business segments is as follows for each of the years ended December 31: 
($ in thousands)
 
Identifiable
Assets
 
Depreciation
and
Amortization
 
Capital
Expenditures
2014
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
80,646

 
$
1,098

 
$
8,952

Real estate - resort/residential
 
199,528

 
76

 
10,214

Mineral resources
 
47,434

 
1,351

 
—

Farming
 
34,464

 
1,633

 
4,701

Corporate
 
70,043

 
713

 
908

Total
 
$
432,115

 
$
4,871

 
$
24,775

2013
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
58,390

 
$
1,205

 
$
12,296

Real estate - resort/residential
 
124,568

 
78

 
2,957

Mineral resources
 
1,063

 
—

 
—

Farming
 
31,925

 
1,465

 
5,733

Corporate
 
126,933

 
1,478

 
572

Total
 
$
342,879

 
$
4,226

 
$
21,558

2012
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
57,151

 
$
1,852

 
$
11,672

Real estate - resort/residential
 
118,627

 
77

 
4,479

Mineral resources
 
1,449

 
—

 
—

Farming
 
29,538

 
1,587

 
3,379

Corporate
 
121,091

 
1,438

 
1,139

Total
 
$
327,856

 
$
4,954

 
$
20,669
Real estate - commercial/industrial  
Segment Reporting Information [Line Items]  
Components of segment revenues
The revenue components of the commercial/industrial real estate segment for the years ended December 31 are as follows:
($ in thousands)
2014
 
2013
 
2012
Commercial leases and related fees
$
6,156

 
$
6,799

 
$
6,095

Grazing leases
1,155

 
1,433

 
1,331

Land sale
508

 
—

 
648

All other land management ancillary services
3,560

 
2,916

 
1,867

 
11,379

 
11,148

 
9,941

Equity in earnings of unconsolidated joint ventures
5,329

 
4,065

 
2,577

Revenues and equity in earnings of unconsolidated joint ventures
$
16,708

 
$
15,213

 
$
12,518
Real estate - resort/residential  
Segment Reporting Information [Line Items]  
Components of segment revenues
The revenue components of the resort/residential real estate land development segment for the year ended December 31 are as follows:
($ in thousands)
2014
 
2013
 
2012
Management fees
180

 
312

 
—

Other
3

 
26

 
—

 
183

 
338

 
—

Equity in earnings of unconsolidated joint ventures
(35
)
 
(59
)
 
(42
)
Revenues and equity in earnings of unconsolidated joint ventures
$
148

 
$
279

 
$
(42
)
Mineral resources  
Segment Reporting Information [Line Items]  
Components of segment revenues
The following table summarizes these activities for each of the years ended December 31:
($ in thousands)
 
2014
 
2013
 
2012
Oil and gas
 
$
6,096

 
$
7,810

 
$
11,075

Rock aggregate
 
1,216

 
964

 
920

Cement
 
1,043

 
819

 
758

Land lease for oil exploration
 
198

 
648

 
1,257

Water sales
 
7,702

 
—

 
—

Other
 
—

 
1

 
2

 
 
$
16,255

 
$
10,242

 
$
14,012
Farming segment  
Segment Reporting Information [Line Items]  
Components of segment revenues
The farming segment produces revenues from the sale of wine grapes, almonds, pistachios and hay. The revenue components of the farming segment was as follows for each of the year ended December 31:
 
 
2014
 
2013
 
2012
Almonds
 
$
10,036

 
$
10,857

 
$
8,898

Pistachios
 
7,585

 
7,537

 
8,644

Wine grapes
 
3,978

 
4,094

 
5,136

Hay
 
1,361

 
928

 
583

Total crop proceeds
 
22,960

 
23,416

 
23,261

Other farming revenues
 
475

 
194

 
(125
)
Total farming revenues
 
$
23,435

 
$
23,610

 
$
23,136