CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income	$ 4,410	$ 14,628
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	6,972	7,185
Stock based compensation	247	996
Gain on sales of investments	(93)	0
Loss on disposal of plant and equipment	(89)	(17)
Equity in loss from unconsolidated joint ventures	39	40
Pension charges	982	874
Cost of operating properties sold	14,552	24,492
Expenditures for operating properties	(14,932)	(16,556)
Issuance of notes receivable, net	(4,845)	(59)
Accretion income and other, net	(568)	278
Changes in operating assets and liabilities:
Payments received on notes receivable	592	620
Other assets	(1,240)	(725)
Accounts payable and accrued liabilities	7,680	(2,038)
Net cash provided by operating activities	13,707	29,718
Cash flows from investing activities:
Purchases of investments	(180,361)	0
Proceeds from sales and maturities of investments	32,725	0
Expenditures for Pier Park North joint venture	(8,848)	0
Purchases of property and equipment	(3,147)	(266)
Net cash used in investing activities	(159,631)	(266)
Cash flows from financing activities:
Contribution to Pier Park North joint venture from non-controlling interest	3,103	0
Repayments of long term debt	(285)	(19,781)
(Reduction in) excess excise tax benefits on stock options	(18)	488
Taxes paid on behalf of employees related to stock based compensation	(25)	(152)
Net cash provided by (used in) financing activities	2,775	(19,445)
Net (decrease) increase in cash and cash equivalents	(143,149)	10,007
Cash and cash equivalents at beginning of the period	165,980	162,391
Cash and cash equivalents at end of the period	22,831	172,398
Cash paid during the period for:
Interest	1,773	3,396
Income taxes	20	219
Non-cash financing and investment activities:
Net increase (decrease) in Community Development District Debt	2,469	(1,689)
Decrease in pledged treasury securities related to defeased debt	(414)	(1,609)
Expenditures of operating properties and property and equipment financed	3,466	2,546
Settlement of note receivable	$ 312	$ 0