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Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Operating results and certain other financial data for the Company’s business segments | Operating results and certain other financial data for the Company’s business segments are as follows (in thousands):
|  |  | Three Months ended |  | Nine Months ended
|  |  | September 30, |  | September 30,
|  |  | 2021 |  | 2020 |  | 2021 |  | 2020
| Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | Asset management |  | $ | 619 |  |  |  | 721 |  |  |  | 1,919 |  |  |  | 2,089 |
Revenues | Mining royalty lands |  |  | 2,249 |  |  |  | 2,507 |  |  |  | 7,198 |  |  |  | 7,094 |
Revenues | Development |  |  | 401 |  |  |  | 290 |  |  |  | 1,169 |  |  |  | 862 |
Revenues | Stabilized Joint Venture |  |  | 5,204 |  |  |  | 2,580 |  |  |  | 12,535 |  |  |  | 7,685 |
Revenues |  |  |  | 8,473 |  |  |  | 6,098 |  |  |  | 22,821 |  |  |  | 17,730 |
| Operating profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Before corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating profit before corporate expenses | Asset management |  | $ | 169 |  |  |  | 200 |  |  |  | 528 |  |  |  | 700 |
Operating profit before corporate expenses | Mining royalty lands |  |  | 2,037 |  |  |  | 2,291 |  |  |  | 6,531 |  |  |  | 6,486 |
Operating profit before corporate expenses | Development |  |  | (404 | ) |  |  | (659 | ) |  |  | (1,201 | ) |  |  | (2,136 | )
Operating profit before corporate expenses | Stabilized Joint Venture |  |  | (413 | ) |  |  | 386 |  |  |  | (1,357 | ) |  |  | 1,379 |
Operating profit before corporate expenses | Operating profit before corporate expenses |  |  | 1,389 |  |  |  | 2,218 |  |  |  | 4,501 |  |  |  | 6,429 |
| Corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses | Allocated to asset management |  |  | (180 | ) |  |  | (165 | ) |  |  | (682 | ) |  |  | (738 | )
Corporate expenses | Allocated to mining royalty lands |  |  | (69 | ) |  |  | (53 | ) |  |  | (258 | ) |  |  | (234 | )
Corporate expenses | Allocated to development |  |  | (326 | ) |  |  | (381 | ) |  |  | (1,267 | ) |  |  | (1,710 | )
Corporate expenses | Allocated to stabilized joint venture |  |  | (82 | ) |  |  | (38 | ) |  |  | (279 | ) |  |  | (168 | )
Corporate expenses | Total corporate expenses |  |  | (657 | ) |  |  | (637 | ) |  |  | (2,486 | ) |  |  | (2,850 | )
Operating profit |  |  | $ | 732 |  |  |  | 1,581 |  |  |  | 2,015 |  |  |  | 3,579 |
| Interest expense |  | $ | 414 |  |  |  | 46 |  |  |  | 1,785 |  |  |  | 142 |
| Depreciation, depletion and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | Asset management |  | $ | 137 |  |  |  | 137 |  |  |  | 408 |  |  |  | 529 |
Depreciation, depletion and amortization | Mining royalty lands |  |  | 38 |  |  |  | 60 |  |  |  | 161 |  |  |  | 160 |
Depreciation, depletion and amortization | Development |  |  | 53 |  |  |  | 53 |  |  |  | 159 |  |  |  | 160 |
Depreciation, depletion and amortization | Stabilized Joint Venture |  |  | 3,568 |  |  |  | 1,188 |  |  |  | 8,899 |  |  |  | 3,557 |
Depreciation, depletion and amortization |  |  | $ | 3,796 |  |  |  | 1,438 |  |  |  | 9,627 |  |  |  | 4,406 |
| Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | Asset management |  | $ | 100 |  |  |  | 233 |  |  |  | 318 |  |  |  | 787 |
Capital expenditures | Mining royalty lands |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Capital expenditures | Development |  |  | 4,237 |  |  |  | 1,754 |  |  |  | 10,443 |  |  |  | 2,371 |
Capital expenditures | Stabilized Joint Venture |  |  | 373 |  |  |  | 46 |  |  |  | 794 |  |  |  | 42 |
Capital expenditures |  |  | $ | 4,710 |  |  |  | 2,033 |  |  |  | 11,555 |  |  |  | 3,200 |
Identifiable net assets | Identifiable net assets
|  |  | September 30, |  |  |  | December 31, |  |
| Identifiable net assets |  | 2021 |  |  |  | 2020 |  |
Assets | Asset management | $ | 11,127 |  |  |  | 11,172 |  |
Assets | Mining royalty lands |  | 37,205 |  |  |  | 37,387 |  |
Assets | Development |  | 185,500 |  |  |  | 196,212 |  |
Assets | Stabilized Joint Venture |  | 268,907 |  |  |  | 130,472 |  |
Investments available for sale | Investments available for sale at fair value |  | 4,315 |  |  |  | 75,609 |  |
Cash | Cash items |  | 163,383 |  |  |  | 74,105 |  |
Assets | Unallocated corporate assets |  | 8,316 |  |  |  | 11,403 |  |
Assets |  | $ | 678,753 |  |  |  | 536,360 |  |

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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