Business Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Financial Results

Segment financial results were as follows for the three and nine months ended September 30, 2020 and 2019 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Revenues:
Land and resource management	$	49,896	$	65,076	$	142,140	$	284,223
Water services and operations	24,487		33,454		86,110		92,941
Total consolidated revenues	$	74,383	$	98,530	$	228,250	$	377,164
Net income:
Land and resource management	$	34,359	$	43,911	$	92,197	$	204,222
Water services and operations	11,916		16,111		39,061		45,384
Total consolidated net income	$	46,275	$	60,022	$	131,258	$	249,606
Capital expenditures:
Land and resource management	$	—	$	29	$	121	$	1,445
Water services and operations	353		4,949		4,205		26,134
Total capital expenditures	$	353	$	4,978	$	4,326	$	27,579
Depreciation, depletion and amortization:
Land and resource management	$	505	$	257	$	1,192	$	695
Water services and operations	3,255		2,374		9,581		4,591
Total depreciation, depletion and amortization	$	3,760	$	2,631	$	10,773	$	5,286

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, 2020 and December 31, 2019 (in thousands):

	September 30, 2020		December 31, 2019
Assets:
Land and resource management	$	490,026	$	467,758
Water services and operations	111,155		130,418
Total consolidated assets	$	601,181	$	598,176
Property, plant and equipment, net:
Land and resource management	$	3,736	$	4,359
Water services and operations	78,594		83,964
Total consolidated property, plant and equipment, net	$	82,330	$	88,323