Note 5 - Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2014

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

5.             Accumulated Other Comprehensive Income

The following table sets forth our changes in accumulated other comprehensive income:

	Year Ended December 31,
	2014			2013			2012
	(Dollars in thousands)
Unrealized gains (losses) on available-for-sale marketable securities (1) :
Beginning balance	$	7,655		$	4,838		$	(7,240	)
Other comprehensive income (loss) before reclassifications		(3,025	)		3,255			12,473
Amounts reclassified from AOCI (2)		(1,855	)		(438	)		(395	)
Ending balance	$	2,775		$	7,655		$	4,838
Unrealized gains on available-for-sale metropolitan district bond securities (1) :
Beginning balance	$	3,920		$	-		$	-
Other comprehensive income before reclassifications		3,760			3,920			-
Amounts reclassified from AOCI		-			-			-
Ending balance	$	7,680		$	3,920		$	-
Total ending AOCI	$	10,455		$	11,575		$	4,838
_______________________

(1)  All amounts net-of-tax.

(2) See separate table below for details about these reclassifications.

The following table sets forth the activity related to reclassifications out of accumulated other comprehensive income (loss) related to available for sale securities:

	Year Ended December 31,
Affected Line Item in the Statements of Operations	2014			2013			2012
	(Dollars in thousands)
Homebuilding interest and other income	$	7,210		$	580		$	823
Other-than-temporary impairment of marketable securities		(4,293	)		-			-
Financial services interest and other income		100			133			(181	)
Income before income taxes		3,017			713			642
Benefit from (provision for) income taxes		(1,162	)		(275	)		(247	)
Net income	$	1,855		$	438		$	395