Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Tables)

v3.20.2
Business Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Financial Results
Segment financial results were as follows for the three and nine months ended September 30, 2020 and 2019 (in thousands):
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2020 2019 2020 2019
Revenues:
Land and resource management
 $ 49,896  $ 65,076  $ 142,140  $ 284,223 
Water services and operations
 24,487  33,454  86,110  92,941 
Total consolidated revenues $ 74,383  $ 98,530  $ 228,250  $ 377,164 
Net income:
Land and resource management
 $ 34,359  $ 43,911  $ 92,197  $ 204,222 
Water services and operations
 11,916  16,111  39,061  45,384 
Total consolidated net income $ 46,275  $ 60,022  $ 131,258  $ 249,606 
Capital expenditures:
Land and resource management $ —  $ 29  $ 121  $ 1,445 
Water services and operations 353  4,949  4,205  26,134 
Total capital expenditures $ 353  $ 4,978  $ 4,326  $ 27,579 
Depreciation, depletion and amortization:
Land and resource management
 $ 505  $ 257  $ 1,192  $ 695 
Water services and operations
 3,255  2,374  9,581  4,591 
Total depreciation, depletion and amortization $ 3,760  $ 2,631  $ 10,773  $ 5,286 
Schedule of Total Assets And Property, Plant, and Equipment
The following table presents total assets and property, plant and equipment, net by segment as of September 30, 2020 and December 31, 2019 (in thousands):
September 30, 2020 December 31, 2019
Assets:
Land and resource management
 $ 490,026  $ 467,758 
Water services and operations
 111,155  130,418 
Total consolidated assets $ 601,181  $ 598,176 
Property, plant and equipment, net:
Land and resource management
 $ 3,736  $ 4,359 
Water services and operations
 78,594  83,964 
Total consolidated property, plant and equipment, net $ 82,330  $ 88,323