CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss):	$ 15,464	$ (1,971)	$ 406,282
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation, depletion and amortization	8,571	9,486	8,422
Stock based compensation	131	150	210
Pension charges	0	0	8,749
(Gain) loss on sale of investments	(795)	(5,311)	833
Other-than-temporary impairment loss	0	0	1,295
Equity in loss from unconsolidated joint ventures	0	0	32
Deferred income tax expense	29,627	2,323	46,127
Impairment losses	357	0	0
Gain (loss) on disposal of real estate and property and equipment	9	77	(202)
Cost of real estate sold	6,489	14,584	76,060
Expenditures for and acquisition of real estate to be sold	(8,335)	(8,378)	(7,368)
Notes financed by the Company for operating properties sold	0	0	(19,600)
Timber Note	0	0	(200,000)
Deferred revenue	0	(65)	(13,562)
Accretion income and other	(2,792)	(1,780)	(2,129)
Changes in operating assets and liabilities:
Pension Plan assets reverted to the Company	0	0	23,820
Notes receivable	694	21,780	3,242
Claim settlement receivable	(7,804)	0	0
Other assets	(1,576)	(3,650)	(5,010)
Other liabilities	(2,384)	(3,330)	4,946
Income taxes receivable	(24,782)	(1,497)	(1,112)
Net cash provided by operating activities	12,874	22,418	331,035
Cash flows from investing activities:
Expenditures for Pier Park North JV	(1,624)	(5,783)	(22,592)
Purchases of property and equipment	(2,899)	(3,304)	(2,483)
Proceeds from the disposition of assets	3	0	0
Purchases of investments	(357,787)	(341,994)	(723,099)
Maturities of investments	185,000	410,000	150,319
Sales of investments	197,548	385,695	83,239
Sales of unconsolidated affiliates	0	0	3,000
Investment and maturities of assets held by special purpose entities	787	787	(6,921)
Other	0	0	(148)
Net cash provided by (used in) investing activities	21,028	445,401	(518,685)
Cash flows from financing activities:
Borrowings on construction/refinanced loan in Pier Park North JV	0	48,200	25,173
Capital contribution from non-controlling interest	10,353	0	0
Capital distribution to non-controlling interest	(600)	(68)	0
Repurchase of common shares	(14,820)	(305,004)	0
Principal payments for debt	(497)	(31,942)	(627)
Proceeds from issuance of Senior Notes by special purpose entity	0	0	177,269
Debt issuance costs	0	(747)	(1,544)
Net cash (used in) provided by financing activities	(5,564)	(289,561)	200,271
Net increase in cash and cash equivalents	28,338	178,258	12,621
Cash and cash equivalents at beginning of the year	212,773	34,515	21,894
Cash and cash equivalents at end of the year	241,111	212,773	34,515
Cash paid during the period for:
Interest	11,811	10,569	1,733
Income taxes	2,302	0	70,491
Non-cash financing and investment activities:
Increase (decrease) in Community Development District debt	955	(768)	(4,369)
Decrease in pledged treasury securities related to defeased debt	0	(25,670)	(590)
Expenditures for operating properties and property and equipment financed through accounts payable	139	1,138	4,866
Exchange of Timber Note for investments held by special purpose entity	0	0	200,000
Capital contributions to special purpose entity from non-controlling interest	0	0	3,492
Pension Plan assets transferred to the Company’s 401(k) Plan and invested in restricted investments	$ 0	$ 0	$ 7,940