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Reporting Segments and Related Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting Information [Line Items]  
Reconciliation of revenues, segment profits (losses) and net income (loss)
Information pertaining to operating results of the Company's reporting segments are as follows:
($ in thousands)
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
Revenues
 
 
 
 
 
 
Real estate—commercial/industrial (1)
 
$
9,403

 
$
9,438

 
$
8,272

Mineral resources
 
5,983

 
14,153

 
15,116

Farming (2)
 
16,434

 
18,648

 
23,836

Ranch operations (1)
 
3,837

 
3,338

 
3,923

Segment revenues
 
35,657

 
45,577

 
51,147

Equity in unconsolidated joint ventures, net
 
4,227

 
7,098

 
6,324

Gain on sale of real estate
 
—

 
1,044

 
—

Investment income
 
462

 
457

 
528

Other income
 
153

 
158

 
381

Total revenues and other income
 
40,499

 
54,334

 
58,380

Segment Profits (Losses)
 
 
 
 
 
 
Real estate—commercial/industrial (1)
 
2,874

 
2,338

 
1,578

Real estate—resort/residential (2)
 
(1,955
)
 
(1,630
)
 
(2,349
)
Mineral resources
 
3,019

 
6,357

 
7,720

Farming
 
233

 
(25
)
 
4,852

Ranch operations (1)
 
(1,574
)
 
(2,396
)
 
(2,189
)
Segment profits (2)
 
2,597

 
4,644

 
9,612

Equity in unconsolidated joint ventures, net
 
4,227

 
7,098

 
6,324

Gain on sale of real estate
 
—

 
1,044

 
—

Investment income
 
462

 
457

 
528

Other income
 
153

 
158

 
381

Corporate expenses
 
(10,141
)
 
(12,550
)
 
(12,808
)
Income from operations before income taxes
 
$
(2,702
)
 
$
851

 
$
4,037

 
 
 
 
 
 
 
(1) During the fourth quarter of 2015, the Company reclassified revenues and expenses previously classified as commercial/industrial into a new segment called Ranch Operations. Ranch operations is comprised of grazing leases, game management and other ancillary services supporting the ranch.
(2) Segment profits are revenues less operating expenses, excluding investment income and expense, corporate expenses, equity in earnings of unconsolidated joint ventures, and income taxes.
Schedule of information pertaining to assets of segments
Information pertaining to assets of the Company’s reporting segments is as follows for each of the years ended December 31: 
($ in thousands)
 
Identifiable
Assets
 
Depreciation and Amortization
 
Capital
Expenditures
2017
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
63,065

 
$
615

 
$
4,638

Real estate - resort/residential
 
258,697

 
63

 
14,230

Mineral resources
 
48,305

 
1,363

 
356

Farming
 
36,317

 
996

 
2,129

Ranch operations
 
3,625

 
601

 
220

Corporate
 
108,190

 
913

 
136

Total
 
$
518,199

 
$
4,551

 
$
21,709

2016
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
65,290

 
$
585

 
$
5,196

Real estate - resort/residential
 
243,963

 
77

 
16,013

Mineral resources
 
45,066

 
1,357

 
2,161

Farming
 
36,895

 
1,150

 
2,006

Ranch operations
 
3,893

 
607

 
523

Corporate
 
44,594

 
773

 
481

Total
 
$
439,701

 
$
4,549

 
$
26,380

2015
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
67,550

 
$
552

 
$
7,023

Real estate - resort/residential
 
228,064

 
71

 
16,404

Mineral resources
 
46,025

 
1,501

 
1,199

Farming
 
32,542

 
929

 
2,583

Ranch operations
 
4,313

 
377

 
299

Corporate
 
53,425

 
1,660

 
540

Total
 
$
431,919

 
$
5,090

 
$
28,048
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)
2017
 
2016
 
2015
Pastoria Energy Facility Lease
$
3,854

 
$
3,612

 
$
3,694

TRCC Leasing
1,748

 
1,647

 
1,421

TRCC management fees and reimbursements
1,083

 
955

 
786

Commercial leases
652

 
917

 
851

Communication leases
808

 
806

 
784

Landscaping and other
783

 
791

 
736

Land Sale1
475

 
710

 
—

Total commercial revenues
$
9,403

 
$
9,438

 
$
8,272

Equity in earnings of unconsolidated joint ventures
4,227

 
7,098

 
6,324

Commercial revenues & equity in earnings of unconsolidated joint ventures
$
13,630

 
$
16,536

 
$
14,596

 
 
 
 
 
 
(1) Revenue from land sale relates to a purchase and sale agreement entered into with a third party in 2016. Due to a performance obligation, the Company recognized a portion of the sale in 2016, with the remainder being recognized in 2017.
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)
 
2017
 
2016
 
2015
Oil and gas
 
$
1,659

 
$
1,549

 
$
2,661

Rock aggregate
 
1,072

 
1,164

 
870

Cement
 
1,614

 
1,299

 
1,263

Exploration leases
 
102

 
176

 
157

Water sales
 
1,254

 
9,601

 
10,165

Reimbursable
 
282

 
364

 
—

Total mineral resources revenues
 
$
5,983

 
$
14,153

 
$
15,116
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 were as follows for each of the year ended December 31:
($ in thousands)
 
2017
 
2016
 
2015
Almonds
 
$
6,327

 
$
7,373

 
$
12,238

Pistachios
 
4,523

 
6,199

 
6,425

Wine grapes
 
4,131

 
3,744

 
4,338

Hay
 
456

 
520

 
749

Total crop proceeds
 
15,437

 
17,836

 
23,750

Other farming revenues
 
997

 
812

 
86

Total farming revenues
 
$
16,434

 
$
18,648

 
$
23,836
Ranch operations  
Segment Reporting Information [Line Items]  
Components of segment revenues
($ in thousands)
 
2017
 
2016
 
2015
Game management
 
$
1,291

 
$
1,296

 
$
1,658

Grazing
 
1,677

 
1,187

 
1,484

High Desert Hunt Club
 
351

 
334

 
351

Filming and other
 
518

 
521

 
430

Total ranch operations revenues
 
$
3,837

 
$
3,338

 
$
3,923