Business Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Financial Results

Segment financial results were as follows for the three and nine months ended September 30, 2019 and 2018 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Revenues:
Land and resource management	$	65,076	$	47,513	$	284,223	$	142,642
Water services and operations	33,454		25,655		92,941		64,377
Total consolidated revenues	$	98,530	$	73,168	$	377,164	$	207,019
Net income:
Land and resource management	$	43,911	$	36,385	$	204,222	$	109,700
Water services and operations	16,111		14,377		45,384		37,356
Total consolidated net income	$	60,022	$	50,762	$	249,606	$	147,056
Capital expenditures:
Land and resource management	$	29	$	909	$	1,445	$	2,464
Water services and operations	4,949		7,533		26,134		37,542
Total capital expenditures	$	4,978	$	8,442	$	27,579	$	40,006
Depreciation and amortization:
Land and resource management	$	257	$	160	$	695	$	330
Water services and operations	2,374		546		4,591		1,189
Total depreciation and amortization	$	2,631	$	706	$	5,286	$	1,519

Schedule of Total Assets And Property, Plant, and Equipment

The following table presents total assets and property, plant and equipment, net by segment as of September 30, 2019 and December 31, 2018 (in thousands):

	September 30, 2019		December 31, 2018
Assets:
Land and resource management	$	398,120	$	198,922
Water services and operations	123,874		86,153
Total consolidated assets	$	521,994	$	285,075
Property, plant and equipment, net:
Land and resource management	$	4,470	$	3,720
Water services and operations	82,602		61,082
Total consolidated property, plant and equipment, net	$	87,072	$	64,802