XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.22.2

Business Segments (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2022
Segment Reporting [Abstract] |
Business Segments | Operating results and certain other financial data for the Company’s Business Segments are as follows (in thousands):
|  |  | Three Months ended |  | Six Months ended
|  |  | June 30, |  | June 30,
|  |  | 2022 |  | 2021 |  | 2022 |  | 2021
| Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | Asset management |  | $ | 912 |  |  |  | 588 |  |  |  | 1,751 |  |  |  | 1,300 |
Revenues | Mining royalty lands |  |  | 2,883 |  |  |  | 2,634 |  |  |  | 5,308 |  |  |  | 4,949 |
Revenues | Development |  |  | 408 |  |  |  | 451 |  |  |  | 791 |  |  |  | 768 |
Revenues | Stabilized Joint Venture |  |  | 5,425 |  |  |  | 4,822 |  |  |  | 10,485 |  |  |  | 7,331 |
Revenues |  |  |  | 9,628 |  |  |  | 8,495 |  |  |  | 18,335 |  |  |  | 14,348 |
| Operating profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Before corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating profit before corporate expenses | Asset management |  | $ | 419 |  |  |  | 128 |  |  |  | 711 |  |  |  | 359 |
Operating profit before corporate expenses | Mining royalty lands |  |  | 2,498 |  |  |  | 2,400 |  |  |  | 4,681 |  |  |  | 4,494 |
Operating profit before corporate expenses | Development |  |  | (581 | ) |  |  | (411 | ) |  |  | (1,299 | ) |  |  | (797 | )
Operating profit before corporate expenses | Stabilized Joint Venture |  |  | 1,037 |  |  |  | (1,226 | ) |  |  | 1,479 |  |  |  | (944 | )
Operating profit before corporate expenses | Operating profit before corporate expenses |  |  | 3,373 |  |  |  | 891 |  |  |  | 5,572 |  |  |  | 3,112 |
| Corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses | Allocated to asset management |  |  | (225 | ) |  |  | (288 | ) |  |  | (369 | ) |  |  | (502 | )
Corporate expenses | Allocated to mining royalty lands |  |  | (148 | ) |  |  | (108 | ) |  |  | (242 | ) |  |  | (189 | )
Corporate expenses | Allocated to development |  |  | (816 | ) |  |  | (522 | ) |  |  | (1,337 | ) |  |  | (941 | )
Corporate expenses | Allocated to stabilized joint venture |  |  | (118 | ) |  |  | (132 | ) |  |  | (194 | ) |  |  | (197 | )
Corporate expenses | Total corporate expenses |  |  | (1,307 | ) |  |  | (1,050 | ) |  |  | (2,142 | ) |  |  | (1,829 | )
Corporate expenses |  |  | $ | 2,066 |  |  |  | (159 | ) |  |  | 3,430 |  |  |  | 1,283 |
Interest expense | Interest expense |  | $ | 739 |  |  |  | 446 |  |  |  | 1,477 |  |  |  | 1,371 |
| Depreciation, depletion and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | Asset management |  | $ | 230 |  |  |  | 134 |  |  |  | 464 |  |  |  | 271 |
Depreciation, depletion and amortization | Mining royalty lands |  |  | 189 |  |  |  | 58 |  |  |  | 244 |  |  |  | 123 |
Depreciation, depletion and amortization | Development |  |  | 47 |  |  |  | 53 |  |  |  | 92 |  |  |  | 106 |
Depreciation, depletion and amortization | Stabilized Joint Venture |  |  | 2,402 |  |  |  | 4,143 |  |  |  | 4,966 |  |  |  | 5,331 |
Depreciation, depletion and amortization |  |  | $ | 2,868 |  |  |  | 4,388 |  |  |  | 5,766 |  |  |  | 5,831 |
| Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | Asset management |  | $ | 145 |  |  |  | 139 |  |  |  | 595 |  |  |  | 218 |
Capital expenditures | Mining royalty lands |  |  | 11,126 |  |  |  | — |  |  |  | 11,217 |  |  |  | — |
Capital expenditures | Development |  |  | 2,426 |  |  |  | 2,907 |  |  |  | 5,379 |  |  |  | 6,206 |
Capital expenditures | Stabilized Joint Venture |  |  | 78 |  |  |  | 412 |  |  |  | 220 |  |  |  | 421 |
Capital expenditures |  |  | $ | 13,775 |  |  |  | 3,458 |  |  |  | 17,411 |  |  |  | 6,845 |
Indentifiable net assets | Indentifiable net assets
|  |  | June 30, |  |  |  | December 31, |  |
| Identifiable net assets |  | 2022 |  |  |  | 2021 |  |
Assets | Asset management | $ | 24,340 |  |  |  | 23,897 |  |
Assets | Mining royalty lands |  | 48,835 |  |  |  | 37,627 |  |
Assets | Development |  | 175,925 |  |  |  | 176,386 |  |
Assets | Stabilized Joint Venture |  | 261,594 |  |  |  | 266,429 |  |
Investments available for sale | Investments available for sale at fair value |  | — |  |  |  | 4,317 |  |
Cash | Cash items |  | 160,027 |  |  |  | 162,273 |  |
Assets | Unallocated corporate assets |  | 6,319 |  |  |  | 7,261 |  |
Assets |  | $ | 677,040 |  |  |  | 678,190 |  |

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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration