CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:
Real estate sales	$ 48,868	$ 6,980	$ 626,614	$ 15,036
Resort, leisure and leasing revenues	18,196	17,053	26,397	26,075
Timber sales	1,100	9,755	9,239	19,450
Total revenues	68,164	33,788	662,250	60,561
Expenses:
Cost of real estate sales	20,391	3,702	82,386	8,742
Cost of resort, leisure and leasing revenues	13,631	12,660	21,777	20,945
Cost of timber sales	243	5,805	4,094	11,840
Other operating expenses	2,736	3,213	7,154	6,138
Corporate expense	4,435	4,490	8,524	8,878
Administrative costs associated with special purpose entities	3,746	0	3,746	0
Depreciation, depletion and amortization	1,944	2,335	4,039	4,660
Total expenses	47,126	32,205	131,720	61,203
Operating income (loss)	21,038	1,583	530,530	(642)
Other income (expense):
Investment income, net	3,951	306	4,224	413
Interest expense	(2,249)	(269)	(2,889)	(868)
Other, net	570	1,093	1,347	1,345
Total other income	2,272	1,130	2,682	890
Income before equity in loss from unconsolidated affiliates and income taxes	23,310	2,713	533,212	248
Equity in loss from unconsolidated affiliates	(11)	(15)	(21)	(27)
Income tax expense	(8,690)	0	(115,594)	0
Net income	14,609	2,698	417,597	221
Net loss attributable to non-controlling interest	0	6	7	12
Net income attributable to the Company	$ 14,609	$ 2,704	$ 417,604	$ 233
Basic and Diluted
Weighted average shares outstanding (in shares)	92,295,213	92,284,532	92,294,969	92,284,624
Net income per share attributable to the Company (in dollars per share)	$ 0.16	$ 0.03	$ 4.52	$ 0.00