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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Lease revenue $ 3,538 $ 3,598
Mining lands lease revenue 2,315 2,185
Total revenues 5,853 5,783
Cost of operations:    
Depreciation, depletion and amortization 1,443 1,468
Operating expenses 841 925
Property taxes 778 737
Management company indirect 570 672
Corporate expenses 779 1,187
Total cost of operations 4,411 4,989
Total operating profit 1,442 794
Net investment income, including realized gains of $0 and $108 1,375 1,991
Interest expense (925) (51)
Equity in loss of joint ventures (1,635) (642)
Gain on remeasurement of investment in real estate partnership 51,139 0
Gain on sale of real estate 0 8
Income before income taxes 51,396 2,100
Provision for income taxes 10,521 601
Net income 40,875 1,499
Gain (loss) attributable to noncontrolling interest 12,502 (119)
Net income attributable to the Company $ 28,373 $ 1,618
Earnings per common share    
Net income attributable to the Company - basic $ 3.04 $ 0.17
Net income attributable to the Company - diluted $ 3.03 $ 0.16
Number of shares (in thousands) used in computing:    
-basic earnings per common share 9,341 9,803
-diluted earnings per common share 9,376 9,833