CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net (loss) income:	$ (1,971)	$ 406,282	$ 4,966
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization	9,486	8,422	9,131
Stock based compensation	150	210	247
Pension charges	0	8,749	1,500
(Gain) loss on sale of investments	(5,311)	833	(93)
Other-than-temporary impairment loss	0	1,295	0
Equity in loss (income) from unconsolidated joint ventures	0	32	(112)
Deferred income tax expense (benefit)	2,323	46,127	(909)
Impairment losses	0	0	5,080
Gain (loss) on disposal of real estate and property and equipment	77	(202)	(528)
Cost of real estate sold	14,584	76,060	22,022
Expenditures for and acquisition of real estate to be sold	(8,378)	(7,368)	(19,165)
Notes financed by the Company for operating properties sold	0	(19,600)	(5,248)
Timber Note	0	(200,000)	0
Deferred revenue	(65)	(13,562)	0
Accretion income and other	(1,780)	(2,129)	(966)
Changes in operating assets and liabilities:
Pension Plan assets reverted to the Company	0	23,820	0
Payments received on notes receivable	21,780	3,242	1,562
Other assets	(3,650)	(5,010)	(1,596)
Accounts payable and accrued liabilities	(3,330)	4,946	(96)
Income taxes	(1,497)	(1,112)	538
Net cash provided by operating activities	22,418	331,035	16,333
Cash flows from investing activities:
Expenditures for Pier Park North joint venture	(5,783)	(22,592)	(19,301)
Purchases of property and equipment	(3,304)	(2,483)	(3,594)
Purchases of investments	(341,994)	(723,099)	(256,730)
Maturities of investments	410,000	150,319	100,000
Sales of investments	385,695	83,239	7,725
Sales of unconsolidated affiliates	0	3,000	0
Investment and maturities of assets held by special purpose entities	787	(6,921)	0
Other	0	(148)	514
Net cash provided by (used in) investing activities	445,401	(518,685)	(171,386)
Cash flows from financing activities:
Borrowings on construction/refinanced loan in Pier Park North joint venture	48,200	25,173	6,445
(Distribution) contribution to Pier Park North joint venture from non-controlling interest	(68)	0	4,886
Repurchase of common shares	(305,004)	0	0
Principal payments for debt	(31,942)	(627)	(321)
Proceeds from issuance of Senior Notes by special purpose entity	0	177,269	0
Debt issuance costs	(747)	(1,544)	0
Other	0	0	(43)
Net cash (used in) provided by financing activities	(289,561)	200,271	10,967
Net increase (decrease) in cash and cash equivalents	178,258	12,621	(144,086)
Cash and cash equivalents at beginning of the year	34,515	21,894	165,980
Cash and cash equivalents at end of the year	212,773	34,515	21,894
Cash paid during the period for:
Interest	10,569	1,733	2,413
Income taxes	0	70,491	(22)
Non-cash financing and investment activities:
(Decrease) increase in Community Development District Debt	(768)	(4,369)	2,589
Decrease in pledged treasury securities related to defeased debt	(25,670)	(590)	(558)
Expenditures for operating properties and property and equipment financed through accounts payable	1,138	4,866	4,497
Exchange of Timber Note for investments held by special purpose entity	0	200,000	0
Capital contributions to special purpose entity from non-controlling interest	0	3,492	0
Pension Plan assets transferred to the Company’s 401(k) Plan and invested in restricted investments	0	7,940	0
Settlement of note receivable	0	0	312
Non-monetary receipt of real estate from an unconsolidated affiliate	$ 0	$ 0	$ 398