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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Company’s business segments | Operating results and certain other financial data for the Company’s business segments are as follows (in thousands):
|  |  | Years Ended December 31,
|  |  | 2022 |  | 2021 |  | 2020
| Revenues: |  |  |  |  |  |
Revenues | Asset management |  | $ | 3,681 |  |  |  | 2,575 |  |  |  | 2,747 |
Revenues | Mining royalty lands |  |  | 10,683 |  |  |  | 9,465 |  |  |  | 9,477 |
Revenues | Development |  |  | 1,674 |  |  |  | 1,563 |  |  |  | 1,152 |
Revenues | Stabilized Joint Venture |  |  | 21,443 |  |  |  | 17,617 |  |  |  | 10,207 |
Revenues |  |  | $ | 37,481 |  |  |  | 31,220 |  |  |  | 23,583 |
| Operating profit: |  |  |  |  |  |  |  |  |  |  |  |
| Before corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |
Operating profit before corporate expenses | Asset management |  | $ | 1,592 |  |  |  | 612 |  |  |  | 907 |
Operating profit before corporate expenses | Mining royalty lands |  |  | 9,305 |  |  |  | 8,558 |  |  |  | 8,629 |
Operating profit before corporate expenses | Development |  |  | (2,791 | ) |  |  | (2,548 | ) |  |  | (2,576 | )
Operating profit before corporate expenses | Stabilized Joint Venture |  |  | 3,552 |  |  |  | (1,277 | ) |  |  | 1,685 |
Operating profit before corporate expenses | Operating profit before corporate expenses |  |  | 11,658 |  |  |  | 5,345 |  |  |  | 8,645 |
| Corporate expenses: |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses | Allocated to asset management |  |  | (632 | ) |  |  | (843 | ) |  |  | (909 | )
Corporate expenses | Allocated to mining royalty lands |  |  | (414 | ) |  |  | (318 | ) |  |  | (288 | )
Corporate expenses | Allocated to Development |  |  | (2,284 | ) |  |  | (1,557 | ) |  |  | (2,108 | )
Corporate expenses | Allocated to Stabilized Joint Venture |  |  | (332 | ) |  |  | (353 | ) |  |  | (206 | )
Corporate expenses |  |  |  | (3,662 | ) |  |  | (3,071 | ) |  |  | (3,511 | )
Operating profit |  |  | $ | 7,996 |  |  |  | 2,274 |  |  |  | 5,134 |
Interest expense | Interest expense |  | $ | 3,045 |  |  |  | 2,304 |  |  |  | 1,100 |
| Depreciation, depletion and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | Asset management |  | $ | 907 |  |  |  | 578 |  |  |  | 652 |
Depreciation, depletion and amortization | Mining royalty lands |  |  | 586 |  |  |  | 199 |  |  |  | 218 |
Depreciation, depletion and amortization | Development |  |  | 189 |  |  |  | 208 |  |  |  | 214 |
Depreciation, depletion and amortization | Stabilized Joint Venture |  |  | 9,535 |  |  |  | 11,752 |  |  |  | 4,744 |
Depreciation, depletion and amortization |  |  | $ | 11,217 |  |  |  | 12,737 |  |  |  | 5,828 |
| Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | Asset management |  | $ | 1,284 |  |  |  | 852 |  |  |  | 924 |
Capital expenditures | Mining royalty lands |  |  | 11,218 |  |  |  | 522 |  |  |  | — |
Capital expenditures | Development |  |  | 14,521 |  |  |  | 14,242 |  |  |  | 16,547 |
Capital expenditures | Stabilized Joint Venture |  |  | 592 |  |  |  | 914 |  |  |  | 73 |
Capital expenditures |  |  | $ | 27,615 |  |  |  | 16,530 |  |  |  | 17,544 |
Identifiable net assets | Identifiable net assets
| Identifiable net assets at end of period: |  |  |  |  |  |  |  |  |  |  |  |
Assets | Asset management |  | $ | 26,053 |  |  |  | 23,897 |  |  |  | 11,172 |
Assets | Mining royalty lands |  |  | 48,494 |  |  |  | 37,627 |  |  |  | 37,387 |
Assets | Development |  |  | 188,834 |  |  |  | 176,386 |  |  |  | 196,212 |
Assets | Stabilized Joint Venture |  |  | 257,535 |  |  |  | 266,429 |  |  |  | 130,472 |
Investments available for sale | Investments available for sale at fair value |  |  | — |  |  |  | 4,317 |  |  |  | 75,609 |
Cash | Cash items |  |  | 178,294 |  |  |  | 162,273 |  |  |  | 74,105 |
Assets | Unallocated corporate assets |  |  | 1,874 |  |  |  | 7,261 |  |  |  | 11,403 |
Assets |  |  | $ | 701,084 |  |  |  | 678,190 |  |  |  | 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 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
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