Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of RSU and RSA Activity

A summary of activity of the RSU is as follows:

	RSU
Outstanding at January 1, 2013	467,716
Granted	—
Vested	—
Outstanding at March 31, 2013	467,716
Unrecognized compensation cost (in thousands)	$	5,565

Summary of SAR Activity

A summary of SAR activity is as follows:

	SAR		Weighted Average Exercise Price		Weighted Average Contractual Term
Outstanding at January 1, 2013	1,812,079		$	36.16	3.5 years
Expired	(195,454	)
Outstanding and exercisable at March 31, 2013	1,616,625		$	36.45	3.1 years

Estimated Fair Values of Net Assets Acquired and Liabilities Assumed

The following table summarizes the consideration transferred and the estimated fair values of net assets acquired and liabilities assumed (in thousands):

Consideration transferred:
Cash paid	$	5,000
Term loan converted to common stock	820
Fair value of the noncontrolling interest	248
Fair value of the Company’s existing investment prior to the acquisition	88
	$	6,156
Net assets acquired:
Cash	$	5,174
Property, plant and equipment	1,524
Accounts receivable	3,608
Goodwill	5,101
Intangible assets	10,249
Other assets	877
Total asset	26,533
Debt	(8,038		)
Deferred revenue	(8,271		)
Accounts payable and accrued liabilities	(4,068		)
Total liabilities	(20,377		)
Net assets acquired	$	6,156

Pro Forma Financial Information

The following table summarizes the proforma financial information of the Company as if the acquisition occurred at the beginning of the periods presented:

	March 31, 2013			March 31, 2012
Revenue	$	58,345		$	9,747
Net loss	$	(17,272	)	$	(7,599	)
Basic and diluted loss per share	$	(0.76	)	$	(0.33	)

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive loss are as follows (in thousands):

	March 31, 2013			December 31, 2012
Net unrealized appreciation on available-for-sale investments	$	5,207		$	4,455
Foreign currency translation	(6,233		)	(6,469		)
Accumulated other comprehensive loss	$	(1,026	)	$	(2,014	)

Components of Real Estate and Water Assets

The costs assigned to the various components of real estate and water assets was as follows (in thousands):

	March 31, 2013		December 31, 2012
Real estate	$	185,114	$	166,220
Real estate improvements	4,182		4,464
Water and water rights	86,992		86,764
Pipeline rights and water credits	84,890		84,890
	$	361,178	$	342,338

Schedule of Consolidated Debt

The following details the Company’s consolidated debt (in thousands):

	March 31, 2013		December 31, 2012
Construction Financing:
4.75% payments through 2017	$	88,008	$	89,500
Working Capital:
6% payments through 2017	8,000		5,000
Revolving Credit Facility:
5.75% due June 2013	8,039
Swiss Debt:
3.7% payments through 2014	13,164		13,655
3.8% payments through 2014	3,160		3,277
Mortgages:
4% to 4.5% payments through 2013	5,508		5,551
5% payments due from 2014 - 2016	5,116		425
6% to 6.5% payments through 2036	19,732		15,531
8% payments through 2013	464		464
10% payments through 2013	7,604		7,605
Other	15
	$	158,810	$	141,008