Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Tables)

v3.20.2
Business Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Financial Results
Segment financial results were as follows for the three and six months ended June 30, 2020 and 2019 (in thousands):
Three Months Ended
June 30,		 Six Months Ended
June 30,
2020 2019 2020 2019
Revenues:
Land and resource management
 $ 32,881    $ 58,688    $ 89,539    $ 219,147   
Water services and operations
 21,687    28,622    61,623    59,487   
Total consolidated revenues $ 54,568    $ 87,310    $ 151,162    $ 278,634   
Net income:
Land and resource management
 $ 18,721    $ 37,194    $ 57,839    $ 160,311   
Water services and operations
 8,862    12,392    27,145    29,273   
Total consolidated net income $ 27,583    $ 49,586    $ 84,984    $ 189,584   
Capital expenditures:
Land and resource management
 $ 33    $ 881    $ 121    $ 1,415   
Water services and operations
 323    12,472    3,852    21,185   
Total capital expenditures $ 356    $ 13,353    $ 3,973    $ 22,600   
Depreciation, depletion and amortization:
Land and resource management
 $ 350    $ 261    $ 687    $ 438   
Water services and operations
 3,328    1,190    6,326    2,217   
Total depreciation, depletion and amortization $ 3,678    $ 1,451    $ 7,013    $ 2,655   
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 June 30, 2020 and December 31, 2019 (in thousands):
June 30, 2020 December 31, 2019
Assets:
Land and resource management
 $ 432,912    $ 467,758   
Water services and operations
 120,688    130,418   
Total consolidated assets $ 553,600    $ 598,176   
Property, plant and equipment, net:
Land and resource management
 $ 3,976    $ 4,359   
Water services and operations
 81,501    83,964   
Total consolidated property, plant and equipment, net $ 85,477    $ 88,323