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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 26,661 $ 31,602 $ 59,236
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 10,287 8,998 8,885
Stock based compensation 77 263 76
(Gain) loss on sale of investments (87) 973 (10,750)
Unrealized loss on investments, net 5,342 3,035  
Other-than-temporary impairment loss   2,330  
Other-than-temporary impairment loss     2,288
Equity in loss from unconsolidated affiliates 77    
Deferred income tax expense (benefit) 8,378 (4,804) (17,375)
Impairment loss on investment in real estate   99 714
Gain on sale of vacation rental management     (9,800)
Cost of real estate sold 22,814 12,235 13,727
Expenditures for and acquisition of real estate to be sold (40,081) (19,819) (8,475)
Accretion income and other (1,221) (1,919) (3,159)
Proceeds from insurance claim - business interruption 1,307    
(Gain) loss on disposal of property and equipment (67) 5,223 887
Gain on land contribution to equity method investment (2,317)    
Gain on insurance for damage to property and equipment, net (5,347)    
Changes in operating assets and liabilities:      
Other assets (229) (17) (5,582)
Other liabilities 3,728 (1,236) 4,734
Income taxes receivable 1,071 4,457 18,300
Net cash provided by operating activities 30,393 41,420 53,706
Cash flows from investing activities:      
Expenditures for operating property (64,851) (22,762) (28,400)
Expenditures for property and equipment (9,354) (2,615) (3,005)
Proceeds from the disposition of assets 72 5,000 2,518
Proceeds from insurance claims 12,071    
Purchases of investments - debt securities   (6,917) (94,791)
Purchases of investments - equity securities (5,797) (15,105) (21,153)
Purchases of restricted investments (74) (78) (75)
Maturities of investments - debt securities 7,000 10,000 13,988
Sales of investments - debt securities 2,830 63,597 151,752
Sales of investments - equity securities 26,859 11,051 21,522
Sales of restricted investments 1,159 1,109 1,233
Maturities of assets held by special purpose entities 787 785 787
Net cash (used in) provided by investing activities (29,298) 44,065 44,376
Cash flows from financing activities:      
Capital contribution from non-controlling interest 2,546 887 193
Capital distribution to non-controlling interest (600) (400) (2,330)
Capital contribution to unconsolidated affiliate (1,116) (1,105)  
Additional ownership interest in Windmark (11,619)    
Repurchase of common shares (20,845) (93,369) (147,422)
Borrowings on debt 23,935 16,644 1,624
Principal payments for debt (1,607) (1,362) (1,290)
Principal payments under finance lease obligation (36)    
Debt issuance costs (1,149) (1,158) (20)
Net cash used in financing activities (10,491) (79,863) (149,245)
Net (decrease) increase in cash, cash equivalents and restricted cash (9,396) 5,622 (51,163)
Cash, cash equivalents and restricted cash at beginning of the year 198,073 192,451 243,614
Cash, cash equivalents and restricted cash at end of the year $ 188,677 $ 198,073 $ 192,451