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v3.8.0.1

Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Revenues: |  |  |
Total revenues | $ 35,657 | $ 45,577 | $ 51,147
Costs and Expenses: |  |  |
Total expenses | 43,201 | 53,483 | 54,343
Operating (loss) income | (7,544) | (7,906) | (3,196)
Other Income: |  |  |
Gain on sale of real estate | 0 | 1,044 | 0
Investment income | 462 | 457 | 528
Other income | 153 | 158 | 381
Total other income | 615 | 1,659 | 909
Loss from operations before equity in earnings of unconsolidated joint ventures | (6,929) | (6,247) | (2,287)
Equity in earnings of unconsolidated joint ventures, net | 4,227 | 7,098 | 6,324
(Loss) income before income taxes | (2,702) | 851 | 4,037
Income tax (benefit) expense | (1,123) | 336 | 1,125
Net (loss) income | (1,579) | 515 | 2,912
Net loss attributable to non-controlling interest | (24) | (43) | (38)
Net (loss) income attributable to common stockholders | $ (1,555) | $ 558 | $ 2,950
Net (loss) income per share attributable to common stockholders, basic (in dollars per share) | $ (0.07) | $ 0.03 | $ 0.14
Net (loss) income per share attributable to common stockholders, diluted (in dollars per share) | $ (0.07) | $ 0.03 | $ 0.14
Ranch operations |  |  |
Costs and Expenses: |  |  |
Total expenses | $ 5,411 | $ 5,734 | $ 6,112
Operating Segments |  |  |
Revenues: |  |  |
Total revenues | 35,657 | 45,577 | 51,147
Costs and Expenses: |  |  |
Operating (loss) income | 2,597 | 4,644 | 9,612
Operating Segments | Real estate - commercial/industrial |  |  |
Revenues: |  |  |
Total revenues | 9,403 | 9,438 | 8,272
Costs and Expenses: |  |  |
Total expenses | 6,529 | 7,100 | 6,694
Operating (loss) income | 2,874 | 2,338 | 1,578
Operating Segments | Real estate - resort/residential |  |  |
Costs and Expenses: |  |  |
Operating (loss) income | (1,955) | (1,630) | (2,349)
Operating Segments | Mineral resources |  |  |
Revenues: |  |  |
Total revenues | 5,983 | 14,153 | 15,116
Costs and Expenses: |  |  |
Total expenses | 2,964 | 7,796 | 7,396
Operating (loss) income | 3,019 | 6,357 | 7,720
Operating Segments | Farming |  |  |
Revenues: |  |  |
Total revenues | 16,434 | 18,648 | 23,836
Costs and Expenses: |  |  |
Total expenses | 16,201 | 18,673 | 18,984
Operating (loss) income | 233 | (25) | 4,852
Operating Segments | Ranch operations |  |  |
Revenues: |  |  |
Total revenues | 3,837 | 3,338 | 3,923
Costs and Expenses: |  |  |
Operating (loss) income | (1,574) | (2,396) | (2,189)
Corporate |  |  |
Costs and Expenses: |  |  |
Total expenses | $ 10,141 | $ 12,550 | $ 12,808

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