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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (1,335) $ 1,980
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 3,073 2,111
Stock based compensation 27 13
Loss on sale of investments 48 2
Unrealized loss (gain) on investments, net 4,761 (2,049)
Equity in loss from unconsolidated affiliates 83  
Deferred income tax expense (benefit) 935  
Cost of real estate sold 1,593 1,613
Expenditures for and acquisition of real estate to be sold (6,323) (7,085)
Accretion income and other (268) (361)
Gain on land contribution to equity method investment (4,277) (1,472)
Changes in operating assets and liabilities:    
Other assets 4,390 4,645
Other liabilities 1,408 (1,284)
Income taxes receivable (998) 661
Net cash provided by (used in) operating activities 3,117 (1,226)
Cash flows from investing activities:    
Expenditures for operating property (32,974) (8,834)
Expenditures for property and equipment (1,476) (1,182)
Proceeds from insurance claims   5,798
Purchases of investments - debt securities (49,927)  
Purchases of investments - equity securities   (5)
Purchases of restricted investments (12) (23)
Sales of investments - equity securities 2,502  
Sales of restricted investments 1,208 1,138
Maturities of assets held by special purpose entities 415 414
Net cash used in investing activities (80,264) (2,694)
Cash flows from financing activities:    
Capital contribution to unconsolidated affiliate (600) (254)
Repurchase of common shares (6,807) (7,073)
Borrowings on debt 6,545 7,279
Principal payments for debt (272) (236)
Principal payments under finance lease obligation (11) (4)
Debt issuance costs (193) (21)
Net cash used in financing activities (1,338) (309)
Net decrease in cash, cash equivalents and restricted cash (78,485) (4,229)
Cash, cash equivalents and restricted cash at beginning of the period 188,677 198,073
Cash, cash equivalents and restricted cash at end of the period $ 110,192 $ 193,844