Quarterly report pursuant to Section 13 or 15(d)

Business Segment Reporting (Tables)

v3.23.1
Business Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Financial Results
Segment financial results were as follows for the three months ended March 31, 2023 and 2022 (in thousands):
Three Months Ended
March 31,
2023 2022
Revenues:
Land and resource management $ 104,023  $ 113,347 
Water services and operations 42,339  33,988 
Total consolidated revenues $ 146,362  $ 147,335 
Net income:
Land and resource management $ 65,343  $ 81,156 
Water services and operations 21,225  16,744 
Total consolidated net income $ 86,568  $ 97,900 
Capital expenditures:
Land and resource management $ 175  $ 122 
Water services and operations 3,598  2,883 
Total capital expenditures $ 3,773  $ 3,005 
Depreciation, depletion and amortization:
Land and resource management $ 618  $ 536 
Water services and operations 2,786  3,590 
Total depreciation, depletion and amortization $ 3,404  $ 4,126 
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 March 31, 2023 and December 31, 2022 (in thousands):
  March 31,
2023		 December 31,
2022
Assets:    
Land and resource management $ 814,927  $ 735,193 
Water services and operations 140,324  142,234 
Total consolidated assets $ 955,251  $ 877,427 
Property, plant and equipment, net:    
Land and resource management $ 5,904  $ 5,998 
Water services and operations 80,288  79,480 
Total consolidated property, plant and equipment, net $ 86,192  $ 85,478