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Business Segments (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Business segments (in thousands)

		Three Months ended
		March 31,
		2021				2020
Revenues:
Asset management		$	712				652
Mining royalty lands			2,315				2,185
Development			317				293
Stabilized Joint Venture			2,509				2,653
			5,853				5,783
Operating profit (loss):
Before corporate expenses:
Asset management		$	231				177
Mining royalty lands			2,094				2,001
Development			(386	)			(774	)
Stabilized Joint Venture			282				577
Operating profit before corporate expenses			2,221				1,981
Corporate expenses:
Allocated to asset management			(214	)			(308	)
Allocated to mining royalty lands			(81	)			(97	)
Allocated to development			(419	)			(712	)
Allocated to Stabilized Joint Venture			(65	)			(70	)
Total corporate expenses			(779	)			(1,187	)
		$	1,442				794
Interest expense		$	925				51
Depreciation, depletion and amortization:
Asset management		$	137				192
Mining royalty lands			65				38
Development			53				54
Stabilized Joint Venture			1,188				1,184
		$	1,443				1,468
Capital expenditures:
Asset management		$	79				213
Mining royalty lands			—				—
Development			3,299				297
Stabilized Joint Venture			9				(23	)
		$	3,387				487

Segment identifiable assets (in thousands)

		March 31,				December 31,
Identifiable net assets		2021				2020
Asset management	$	11,013				11,172
Mining royalty lands		37,335				37,387
Development		176,239				196,212
Stabilized Joint Venture		274,774				130,472
Investments available for sale at fair value		51,171				75,609
Cash items		117,377				74,105
Unallocated corporate assets		12,122				11,403
	$	680,031				536,360

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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