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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net income (loss) $ 5,659 $ 143,765
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation 21,540 19,496
Amortization 3,984 3,476
Amortization of deferred financing costs 1,638 1,685
Amortization of intangibles other than in-place leases (483) (186)
Straight-line rent amortization (1,291) (2,792)
Deferred income taxes 8,888 60,571
Restricted stock and stock option amortization 1,906 2,722
Gains on sales of properties (32,215) (140,479)
Gain on acquisition of joint venture partner's interest (5,490)  
Warrant liability loss (gain) 12,562 (29,820)
Early extinguishment of debt 46,410  
Equity in earnings from Real Estate and Other Affiliates, net of distributions (4,281) 944
Provision for doubtful accounts 535 3,041
Master Planned Community land acquisitions (1,415) (69)
Master Planned Community development expenditures (43,623) (34,468)
Master Planned Community cost of sales 23,327 15,450
Condominium development expenditures (86,279) (64,363)
Condominium rights and unit cost of sales 60,483 74,815
Percentage of completion revenue recognition from sale of condominium rights and unit sales (80,145) (122,094)
Net changes:    
Accounts and notes receivable 3,178 4,564
Prepaid expenses and other assets (1,538) 3,139
Condominium deposits received 11,847 17,381
Deferred expenses (1,682) (578)
Accounts payable and accrued expenses (59,109) 8,745
Condominium deposits held in escrow (11,847) (17,381)
Condominium deposits released from escrow 69,553 10,607
Other, net 128 (532)
Cash used in operating activities (57,760) (42,361)
Cash Flows from Investing Activities:    
Property and equipment expenditures (2,559) (5,855)
Operating property improvements (4,722) (2,670)
Property developments and redevelopments (111,674) (110,918)
Acquisition of partner's interest in Las Vegas 51s (15,404)  
Proceeds for reimbursement of development costs 10,597  
Proceeds from sales of properties 36,000 378,257
Distributions from Real Estate and Other Affiliates   7,070
Note issued to Real Estate Affiliate   (25,000)
Investments in Real Estate and Other Affiliates, net (724) (6,498)
Change in restricted cash 975 4,785
Cash (used in) provided by investing activities (87,511) 239,171
Cash Flows from Financing Activities:    
Proceeds from mortgages, notes and loans payable 944,663 98,616
Principal payments on mortgages, notes and loans payable (881,476) (1,981)
Premium paid to redeem $750 million bonds (39,966)  
Special Improvement District bond funds released from (held in) escrow 581  
Deferred financing costs (9,215) (1,072)
Taxes paid on vested restricted stock (4,589) (840)
Stock options exercised 11,271  
Cash provided by financing activities 21,269 94,723
Net change in cash and cash equivalents (124,002) 291,533
Cash and cash equivalents at beginning of period 665,510 445,301
Cash and cash equivalents at end of period 541,508 736,834
Supplemental Disclosure of Cash Flow Information:    
Interest paid 42,997 15,236
Interest capitalized 16,305 13,959
Income taxes paid 429 181
Non-Cash Transactions:    
Special Improvement District bond transfers associated with land sales 2,542 32
Accrued interest on construction loan borrowing 1,011 2,429
Capitalized stock compensation 531 $ 798
Acquisition of Las Vegas 51s    
Building 87  
Developments 65  
Accounts Receivable 633  
Other Assets 33,313  
Other liabilities $ (2,294)