SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives

Asset Type	Years
Buildings and improvements	10- 45
Equipment, tenant improvements and fixtures	5 - 10
Computer hardware and software, and vehicles	3 - 5

Schedule of categories of developments

	December 31,
(In thousands)	2015		2014
Land & improvements	$	182,843	$	164,280
Development costs		728,984		667,228
Condominium projects		125,100		82,795
Total Developments	$	1,036,927	$	914,303

Summary of changes in allowance for doubtful accounts against accounts receivables

(In thousands)	2015		2014		2013
Balance as of January 1	$	7,619	$	7,390	$	8,914
Provision for doubtful accounts		4,030		1,404		836
Write-offs		(7,243)		(1,175)		(2,360)
Balance as of December 31,	$	4,406	$	7,619	$	7,390

Summary of information related to the entity's EPS calculations

	Year ended December 31,
(In thousands, except per share amounts)	2015		2014		2013
Basic EPS:
Numerator:
Net income (loss)	$	126,719	$	(23,520)	$	(73,695)
Net income attributable to noncontrolling interests		—		(11)		(95)
Net income (loss) attributable to common stockholders	$	126,719	$	(23,531)	$	(73,790)
Denominator:
Weighted average basic common shares outstanding		39,470		39,464		39,449
Diluted EPS:
Numerator:
Net income (loss) attributable to common stockholders	$	126,719	$	(23,531)	$	(73,790)
Less: Warrant liabilitygain		(58,320)		—		—
Adjusted net income (loss) attributable to common stockholders	$	68,399	$	(23,531)	$	(73,790)
Denominator:
Weighted average basic common shares outstanding		39,470		39,464		39,449
Restricted stock and stock options		411		—		—
Warrants		2,873		—		—
Weighted average diluted common shares outstanding		42,754		39,464		39,449
Basic income (loss) per share:	$	3.21	$	(0.60)	$	(1.87)
Diluted income (loss) per share:	$	1.60	$	(0.60)	$	(1.87)