Business Segments

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

The revenue components of our commercial/industrial real estate development segment for the three months ending March 31 are as follows:

(In thousands)	2013		2012
Commercial leases	$	1,659	$	1,416
Grazing leases	374		293
Land Sale	—		141
All other land management ancillary services	689		298
	$	2,722	$	2,148

Commercial lease revenue consists of land and building leases to tenants at our commercial retail and industrial developments, base and percentage rents from our Calpine power plant lease, communication tower rents, and payments from easement leases. Land management ancillary services include wildlife management, landscape and property maintenance, and building management services. During the first eight months of 2012, the Company’s game management operations were temporarily suspended in order to complete the development of a new sales program and operating procedures. Please refer to Form 8-K filed on January 20, 2012 regarding the Company’s game management and hunting operations. Game management reopened operations on September 1, 2012.

Resort/residential real estate development segment produces revenues from farming activities within the Centennial Founders, LLC and is actively involved in the land entitlement and pre-development process. The farming segment produces revenues from the sale of winegrapes, almonds and pistachios.

The mineral resources segment receives oil and mineral royalties from the exploration and development companies who extract or mine the natural resources from our land. The following table summarizes these activities:

	Three Months Ended
($ in thousands)	March 31, 2013		March 31, 2012
Oil and gas	$	2,254	$	3,331
Rock aggregate	140		112
Cement	160		149
Land lease for oil exploration	312		314
	$	2,866	$	3,906