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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ 4,966 $ 5,990 $ (330,308)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation, depletion and amortization 9,131 10,110 15,840
Stock based compensation 247 898 8,452
Pension charges 0 2,063 5,871
Gain on sale and maturity of investments (93) 0 0
Equity in (income) loss from unconsolidated joint ventures (112) 46 93
Deferred income tax benefit (909) (242) (53,497)
Impairment losses 5,080 2,551 377,325
Loss on disposal of plant and equipment 47 758 294
(Gain) loss attributed to casualty loss of real estate (575) 0 998
Cost of operating properties sold 22,022 27,248 10,444
Expenditures for operating properties (19,165) (22,920) (28,296)
Issuance of notes receivable, net (5,248) 0 (681)
Accretion (income) expense (793) 564 (424)
Other, net (173) 0 0
Changes in operating assets and liabilities:      
Payments received on notes receivable 1,562 594 1,546
Other assets (96) 1,083 5,471
Accounts payable and accrued liabilities (96) (5,535) (20,165)
Income taxes payable 538 (167) (2,802)
Net cash (used in) provided by operating activities 16,333 23,041 (9,839)
Cash flows from investing activities:      
Expenditures for Pier Park North joint venture (19,301) 0 0
Purchases of property and equipment (3,594) (475) (2,426)
Proceeds from the disposition of assets 602 0 328
Purchases of investments (256,730) 0 0
Maturities of investments 100,000 0 0
Sales of investments 7,725 0 0
Cash receipts from retained interest investments 0 656 0
Contributions to unconsolidated affiliates (88) 0 (40)
Net cash (used in) provided by investing activities (171,386) 181 (2,138)
Cash flows from financing activities:      
Contribution to Pier Park North joint venture from non-controlling interest 4,886 0 0
Distributions to non-controlling interest partner 0 0 (141)
Distributions to unconsolidated affiliates for repayment of debt 0 0 (4,434)
Borrowings on construction loan in Pier Park joint venture 6,445 0 0
Repayments of long term debt (321) (19,958) (227)
Proceeds from exercise of stock options 0 0 100
Excess excise tax benefits related to stock based compensation (18) 477 55
Taxes paid on behalf of employees related to stock based compensation (25) (152) (4,812)
Net cash provided by (used in) financing activities 10,967 (19,633) (9,459)
Net (decrease) increase in cash and cash equivalents (144,086) 3,589 (21,436)
Cash and cash equivalents at beginning of the period 165,980 162,391 183,827
Cash and cash equivalents at end of the period 21,894 165,980 162,391
Cash paid during the period for:      
Interest 2,407 3,072 8,329
Income taxes (22) 319 1,988
Capitalized interest 6 0 243
Non-cash financing and investment activities:      
Net increase (decrease) in Community Development District Debt 2,589 (956) 1,016
(Decrease) increase in pledged treasury securities related to defeased debt (558) 3,519 (1,982)
Expenditures of operating properties and property and equipment financed 4,497 1,917 1,936
Settlement of note receivable 312 0 0
Non-monetary receipt of real estate from an unconsolidated affiliate $ 398 $ 0 $ 0