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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Master Planned Community land sales $ 47,671 $ 47,226
Builder price participation 4,097 1,275
Minimum rents 20,360 18,926
Tenant recoveries 6,015 5,325
Condominium rights and unit sales 3,126  
Resort and conference center revenues 9,426 11,104
Other land revenues 2,512 2,802
Other rental and property revenues 5,446 3,433
Total revenues 98,653 90,091
Expenses:    
Master Planned Community cost of sales 23,078 25,699
Master Planned Community operations 9,482 8,496
Other property operating costs 17,807 15,520
Rental property real estate taxes 3,740 3,757
Rental property maintenance costs 1,915 1,805
Condominium rights and unit cost of sales 1,571  
Resort and conference center operations 7,511 7,476
Provision for doubtful accounts 143 429
Demolition costs 2,516  
General and administrative 16,882 11,171
Other income (10,448)  
Depreciation and amortization 10,509 6,444
Total expenses 84,706 80,797
Operating income 13,947 9,294
Interest income 2,188 2,356
Interest expense (7,321) (143)
Warrant liability loss (96,440) (33,027)
Reduction in tax indemnity receivable   (1,904)
Equity in earnings from Real Estate and Other Affiliates 6,068 2,733
Loss before taxes (81,558) (20,691)
Provision for income taxes 4,773 2,479
Net loss (86,331) (23,170)
Net loss attributable to noncontrolling interests 15 46
Net loss attributable to common stockholders $ (86,316) $ (23,124)
Basic loss per share: (in dollars per share) $ (2.19) $ (0.59)
Diluted loss per share: (in dollars per share) $ (2.19) $ (0.59)