CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income (loss)	$ 10,132	$ (1,986)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation, depletion and amortization	4,390	5,050
Stock based compensation	56	150
Deferred income tax expense	650	894
Cost of real estate sold	3,951	8,902
Expenditures for and acquisition of real estate to be sold	(1,736)	(4,244)
Accretion income and other	(778)	(1,213)
Loss on disposal of real estate and property and equipment	5	0
Changes in operating assets and liabilities:
Notes receivable	157	21,209
Claim settlement receivable	(12,651)	0
Other assets	(141)	(1,079)
Other liabilities	6,544	10,505
Income taxes receivable	1,272	(143)
Net cash provided by operating activities	11,851	38,045
Cash flows from investing activities:
Expenditures for Pier Park North joint venture	(1,084)	(4,173)
Purchases of property and equipment	(1,986)	(1,550)
Proceeds from the disposition of assets	3	0
Purchases of investments	(216,698)	(184,520)
Maturities of investments	185,000	310,000
Sales of investments	8,413	140,984
Maturities of assets held by special purpose entities	415	415
Net cash (used in) provided by investing activities	(25,937)	261,156
Cash flows from financing activities:
Repurchase of common shares	(14,820)	0
Borrowings on construction/refinanced loan in Pier Park joint venture	0	4,507
Principal payments for debt	(384)	(251)
Net cash (used in) provided by financing activities	(15,204)	4,256
Net (decrease) increase in cash and cash equivalents	(29,290)	303,457
Cash and cash equivalents at beginning of the period	212,773	34,515
Cash and cash equivalents at end of the period	183,483	337,972
Cash paid during the period for:
Interest expense	5,859	4,908
Income taxes	2,300	0
Non-cash financing and investing activities:
Increase in Community Development District debt	57	529
Decrease in pledged treasury securities related to defeased debt	0	310
Expenditures for operating properties and property and equipment financed through accounts payable	$ 577	$ 1,133