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Reporting Segments and Related Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting Information [Line Items] |
Reconciliation of revenues, segment profits (losses) and net income (loss) | Information pertaining to operating results of the Company's reporting segments are as follows:
($ in thousands) |  | December 31, 2017 |  | December 31, 2016 |  | December 31, 2015
Revenues |  |  |  |  |  |
Real estate—commercial/industrial (1) |  | $ | 9,403 |  |  | $ | 9,438 |  |  | $ | 8,272 |
Mineral resources |  | 5,983 |  |  | 14,153 |  |  | 15,116 |
Farming (2) |  | 16,434 |  |  | 18,648 |  |  | 23,836 |
Ranch operations (1) |  | 3,837 |  |  | 3,338 |  |  | 3,923 |
Segment revenues |  | 35,657 |  |  | 45,577 |  |  | 51,147 |
Equity in unconsolidated joint ventures, net |  | 4,227 |  |  | 7,098 |  |  | 6,324 |
Gain on sale of real estate |  | — |  |  | 1,044 |  |  | — |
Investment income |  | 462 |  |  | 457 |  |  | 528 |
Other income |  | 153 |  |  | 158 |  |  | 381 |
Total revenues and other income |  | 40,499 |  |  | 54,334 |  |  | 58,380 |
Segment Profits (Losses) |  |  |  |  |  |
Real estate—commercial/industrial (1) |  | 2,874 |  |  | 2,338 |  |  | 1,578 |
Real estate—resort/residential (2) |  | (1,955 | ) |  | (1,630 | ) |  | (2,349 | )
Mineral resources |  | 3,019 |  |  | 6,357 |  |  | 7,720 |
Farming |  | 233 |  |  | (25 | ) |  | 4,852 |
Ranch operations (1) |  | (1,574 | ) |  | (2,396 | ) |  | (2,189 | )
Segment profits (2) |  | 2,597 |  |  | 4,644 |  |  | 9,612 |
Equity in unconsolidated joint ventures, net |  | 4,227 |  |  | 7,098 |  |  | 6,324 |
Gain on sale of real estate |  | — |  |  | 1,044 |  |  | — |
Investment income |  | 462 |  |  | 457 |  |  | 528 |
Other income |  | 153 |  |  | 158 |  |  | 381 |
Corporate expenses |  | (10,141 | ) |  | (12,550 | ) |  | (12,808 | )
Income from operations before income taxes |  | $ | (2,702 | ) |  | $ | 851 |  |  | $ | 4,037 |
(1) During the fourth quarter of 2015, the Company reclassified revenues and expenses previously classified as commercial/industrial into a new segment called Ranch Operations. Ranch operations is comprised of grazing leases, game management and other ancillary services supporting the ranch.
(2) Segment profits are revenues less operating expenses, excluding investment income and expense, corporate expenses, equity in earnings of unconsolidated joint ventures, and income taxes.
Schedule of information pertaining to assets of segments | Information pertaining to assets of the Company’s reporting segments is as follows for each of the years ended December 31:
($ in thousands) |  | Identifiable Assets |  | Depreciation and Amortization |  | Capital Expenditures
2017 |  |  |  |  |  |
Real estate - commercial/industrial |  | $ | 63,065 |  |  | $ | 615 |  |  | $ | 4,638 |
Real estate - resort/residential |  | 258,697 |  |  | 63 |  |  | 14,230 |
Mineral resources |  | 48,305 |  |  | 1,363 |  |  | 356 |
Farming |  | 36,317 |  |  | 996 |  |  | 2,129 |
Ranch operations |  | 3,625 |  |  | 601 |  |  | 220 |
Corporate |  | 108,190 |  |  | 913 |  |  | 136 |
Total |  | $ | 518,199 |  |  | $ | 4,551 |  |  | $ | 21,709 |
2016 |  |  |  |  |  |
Real estate - commercial/industrial |  | $ | 65,290 |  |  | $ | 585 |  |  | $ | 5,196 |
Real estate - resort/residential |  | 243,963 |  |  | 77 |  |  | 16,013 |
Mineral resources |  | 45,066 |  |  | 1,357 |  |  | 2,161 |
Farming |  | 36,895 |  |  | 1,150 |  |  | 2,006 |
Ranch operations |  | 3,893 |  |  | 607 |  |  | 523 |
Corporate |  | 44,594 |  |  | 773 |  |  | 481 |
Total |  | $ | 439,701 |  |  | $ | 4,549 |  |  | $ | 26,380 |
2015 |  |  |  |  |  |
Real estate - commercial/industrial |  | $ | 67,550 |  |  | $ | 552 |  |  | $ | 7,023 |
Real estate - resort/residential |  | 228,064 |  |  | 71 |  |  | 16,404 |
Mineral resources |  | 46,025 |  |  | 1,501 |  |  | 1,199 |
Farming |  | 32,542 |  |  | 929 |  |  | 2,583 |
Ranch operations |  | 4,313 |  |  | 377 |  |  | 299 |
Corporate |  | 53,425 |  |  | 1,660 |  |  | 540 |
Total |  | $ | 431,919 |  |  | $ | 5,090 |  |  | $ | 28,048 |
Real estate - commercial/industrial |
Segment Reporting Information [Line Items] |
Components of segment revenues | The revenue components of the commercial/industrial real estate segment for the years ended December 31 are as follows:
($ in thousands) | 2017 |  | 2016 |  | 2015
Pastoria Energy Facility Lease | $ | 3,854 |  |  | $ | 3,612 |  |  | $ | 3,694 |
TRCC Leasing | 1,748 |  |  | 1,647 |  |  | 1,421 |
TRCC management fees and reimbursements | 1,083 |  |  | 955 |  |  | 786 |
Commercial leases | 652 |  |  | 917 |  |  | 851 |
Communication leases | 808 |  |  | 806 |  |  | 784 |
Landscaping and other | 783 |  |  | 791 |  |  | 736 |
Land Sale 1 | 475 |  |  | 710 |  |  | — |
Total commercial revenues | $ | 9,403 |  |  | $ | 9,438 |  |  | $ | 8,272 |
Equity in earnings of unconsolidated joint ventures | 4,227 |  |  | 7,098 |  |  | 6,324 |
Commercial revenues & equity in earnings of unconsolidated joint ventures | $ | 13,630 |  |  | $ | 16,536 |  |  | $ | 14,596 |
(1) Revenue from land sale relates to a purchase and sale agreement entered into with a third party in 2016. Due to a performance obligation, the Company recognized a portion of the sale in 2016, with the remainder being recognized in 2017.
Mineral resources |
Segment Reporting Information [Line Items] |
Components of segment revenues | The following table summarizes these activities for each of the years ended December 31:
($ in thousands) |  | 2017 |  | 2016 |  | 2015
Oil and gas |  | $ | 1,659 |  |  | $ | 1,549 |  |  | $ | 2,661 |
Rock aggregate |  | 1,072 |  |  | 1,164 |  |  | 870 |
Cement |  | 1,614 |  |  | 1,299 |  |  | 1,263 |
Exploration leases |  | 102 |  |  | 176 |  |  | 157 |
Water sales |  | 1,254 |  |  | 9,601 |  |  | 10,165 |
Reimbursable |  | 282 |  |  | 364 |  |  | — |
Total mineral resources revenues |  | $ | 5,983 |  |  | $ | 14,153 |  |  | $ | 15,116 |
Farming segment |
Segment Reporting Information [Line Items] |
Components of segment revenues | The farming segment produces revenues from the sale of wine grapes, almonds, pistachios and hay. The revenue components of the farming segment were as follows for each of the year ended December 31:
($ in thousands) |  | 2017 |  | 2016 |  | 2015
Almonds |  | $ | 6,327 |  |  | $ | 7,373 |  |  | $ | 12,238 |
Pistachios |  | 4,523 |  |  | 6,199 |  |  | 6,425 |
Wine grapes |  | 4,131 |  |  | 3,744 |  |  | 4,338 |
Hay |  | 456 |  |  | 520 |  |  | 749 |
Total crop proceeds |  | 15,437 |  |  | 17,836 |  |  | 23,750 |
Other farming revenues |  | 997 |  |  | 812 |  |  | 86 |
Total farming revenues |  | $ | 16,434 |  |  | $ | 18,648 |  |  | $ | 23,836 |
Ranch operations |
Segment Reporting Information [Line Items] |
Components of segment revenues |
($ in thousands) |  | 2017 |  | 2016 |  | 2015
Game management |  | $ | 1,291 |  |  | $ | 1,296 |  |  | $ | 1,658 |
Grazing |  | 1,677 |  |  | 1,187 |  |  | 1,484 |
High Desert Hunt Club |  | 351 |  |  | 334 |  |  | 351 |
Filming and other |  | 518 |  |  | 521 |  |  | 430 |
Total ranch operations revenues |  | $ | 3,837 |  |  | $ | 3,338 |  |  | $ | 3,923 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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