XML 38 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Net cash provided by operating activities $ 97,245 $ 64,015
Cash flows from investing activities:    
Sale of investment securities 3,831 28,102
Purchase of investment securities (1,148) (2,847)
Proceeds from sale or liquidation of long-term investments 72 66,190
Purchase of long-term investments (5,000) (10,000)
Investments in non-consolidated real estate businesses (22,467) (7,201)
Distributions from non-consolidated real estate businesses 31,221 6,752
Proceeds from sale of townhomes, net 0 19,629
Increase in cash surrender value of life insurance policies (831) (717)
(Increase) decrease in restricted assets (1,126) 738
Issuance of notes receivable (355) (216)
Proceeds from sale of fixed assets 418 156
Capital expenditures (8,268) (8,469)
Net cash (used in) provided by investing activities (3,653) 92,117
Cash flows from financing activities:    
Proceeds from debt issuance 14,018 2,823
Deferred financing costs (315) 0
Repayments of debt (15,440) (3,522)
Borrowings under revolver 794,249 769,247
Repayments on revolver (809,567) (804,957)
Dividends and distributions on common stock (100,392) (92,987)
Proceeds from exercise of employee stock options 140 1,029
Tax benefit of employee stock options exercised 48 821
Net cash used in financing activities (117,259) (127,546)
Net (decrease) increase in cash and cash equivalents (23,667) 28,586
Cash and cash equivalents, beginning of period 240,923 299,825
Cash and cash equivalents, end of period $ 217,256 $ 328,411