CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 4,188	$ 8,554
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	1,953	2,288
Stock based compensation	19	0
Gain on sale of investments	(3,122)	0
Other-than-temporary impairment loss	366	0
Deferred income tax expense	988	1,106
Cost of real estate sold	174	1,434
Expenditures for and acquisition of real estate to be sold	(2,183)	(1,249)
Accretion income and other	(1,208)	(365)
Changes in operating assets and liabilities:
Notes receivable	40	65
Claim settlement receivable	0	(12,548)
Other assets	651	1,004
Other liabilities	4,928	4,142
Income taxes receivable	348	0
Net cash provided by operating activities	7,142	4,431
Cash flows from investing activities:
Expenditures for Pier Park North JV	(489)	(277)
Expenditures for property and equipment	(4,847)	(347)
Purchases of investments	(49,510)	(9,275)
Sales of investments	57,053	8,460
Maturities of assets held by special purpose entities	415	415
Net cash provided by (used in) investing activities	2,622	(1,024)
Cash flows from financing activities:
Repurchase of common shares	(34,156)	(14,820)
Borrowings on construction loan	509	0
Principal payments for debt	(226)	(35)
Debt issue costs	(20)	0
Net cash used in financing activities	(33,893)	(14,855)
Net decrease in cash and cash equivalents	(24,129)	(11,448)
Cash and cash equivalents at beginning of the period	241,111	212,773
Cash and cash equivalents at end of the period	216,982	201,325
Cash paid during the period for:
Interest expense	5,137	5,664
Income taxes	0	0
Non-cash financing and investing activities:
Increase in Community Development District debt	194	174
Expenditures for operating properties and property and equipment financed through accounts payable	$ 1,206	$ 4