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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (49,802) $ (14,072) $ (21,759)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Provision (benefit) for deferred income taxes 28,033 (9,251) 1,466
Depreciation and amortization 1,551 1,699 1,726
Bad debt expense 1,864 501 807
Stock based compensation expense (including restricted stock awards) 4,536 4,678 4,511
(Gain) loss on sale or impairment of investments (23,157) (18,515) 6,756
Impairment losses on water assets and real estate 21,404 10,316 12,378
Equity in loss of unconsolidated affiliate 5,293 3,717 277
Changes in assets and liabilities, net of effects of acquisitions:      
Notes and other receivables 690 5,657 10,705
Real estate and water assets 4,722 (57,280) (35,777)
Federal, foreign and state income taxes 613 9,003 (4,268)
Other assets (2,309) 839 (685)
Unpaid losses and loss adjustment expenses 476 (1,359) (3,598)
Deferred compensation (1,563) 6,990 3,400
Other liabilities 1,470 (2,206) (5,666)
Excess tax benefits from stock based payment arrangements    (709)   
All other operating activities (1,128) 585 1,505
Cash used in operating activities (7,307) (59,407) (28,222)
Proceeds from the sale of available-for-sale investments:      
Debt securities 6,228 5,273 2,743
Equity securities 74,892 51,992 26,015
Proceeds from maturity of available-for-sale investments 7,799 23,968 1,531
Purchases of available-for-sale investments:      
Debt securities (8,948) (15,218) (22,337)
Equity securities (7,805) (35,260) (8,980)
Real estate and water asset capital expenditure       (242)
Purchases of property and equipment (91,868) (6,874)   
All other investing activities (102) 9 (208)
Cash provided by (used in) investing activities (19,804) 23,890 (1,478)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock, net of expenses       95,731
Debt issuance costs (4,309)      
Repayment of debt (9,143) (2,958) (16,303)
Proceeds from debt 51,520    5,417
Excess tax benefits from stock based payment arrangements    709   
Cash provided by (used in) financing activities 38,068 (2,249) 84,845
Effect of exchange rate changes on cash (169) (2,020) 3,084
Net increase (decrease) in cash and cash equivalents 10,788 (39,786) 58,229
Cash and cash equivalents, beginning of year 114,759 154,545 96,316
Cash and cash equivalents, end of year 125,547 114,759 154,545
Cash paid during the year for:      
(Refund) payment of federal, foreign and state income taxes 178 (9,235) (26,537)
Interest paid 2,954 2,077 967
Non-cash investing and financing activities:      
Mortgage incurred to purchase real estate 5,276 5,372 5,255
Unpaid liability incurred for construction costs 8,808      
Increase in assets from business combination    18,447   
Increase in liabilities from business combination    $ 10,001