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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Real estate revenue $ 23,397,000 $ 33,704,000 $ 634,976,000
Resorts and leisure revenue 57,284,000 54,488,000 48,414,000
Leasing revenue 9,858,000 8,978,000 6,977,000
Timber revenue 5,205,000 6,701,000 11,506,000
Total revenue 95,744,000 103,871,000 701,873,000
Expenses:      
Cost of real estate revenue 8,036,000 16,399,000 87,132,000
Cost of resorts and leisure revenue 50,229,000 47,069,000 42,900,000
Cost of leasing revenue 3,108,000 2,792,000 2,253,000
Cost of timber revenue 821,000 834,000 4,513,000
Other operating and corporate expenses 23,019,000 33,426,000 26,128,000
Pension charges 0 0 13,529,000
Administrative costs associated with special purpose entities 0 0 3,746,000
Depreciation, depletion and amortization 8,571,000 9,486,000 8,422,000
Total expenses 93,784,000 110,006,000 188,623,000
Operating income (loss) 1,960,000 (6,135,000) 513,250,000
Other income (expense):      
Investment income, net 17,776,000 22,688,000 12,691,000
Interest expense (12,295,000) (11,429,000) (8,608,000)
Claim settlement 12,548,000 0 0
Other income (expense), net 2,622,000 (6,287,000) 4,488,000
Total other income, net 20,651,000 4,972,000 8,571,000
Income (loss) before equity in loss from unconsolidated affiliates and income taxes 22,611,000 (1,163,000) 521,821,000
Equity in loss from unconsolidated affiliates 0 0 (32,000)
Income tax expense (7,147,000) (808,000) (115,507,000)
Net income (loss) 15,464,000 (1,971,000) 406,282,000
Net loss attributable to non-controlling interest 431,000 240,000 171,000
Net income (loss) attributable to the Company $ 15,895,000 $ (1,731,000) $ 406,453,000
Basic and Diluted      
Weighted average shares outstanding (in shares) 74,457,541 87,827,869 92,297,467
Net income (loss) per share attributable to the Company (in dollars per share) $ 0.21 $ (0.02) $ 4.40