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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities      
Net income $ 4,103 $ 4,283 $ 15,781
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 4,226 4,954 3,629
Amortization of premium/discount of marketable securities 879 874 641
Equity in earnings (4,006) (2,535) (916)
Non-cash retirement plan expense 865 1,047 528
Gain on sale of real estate/assets (46) (676) (4,058)
Gain on sale of easements 0 0 (15,750)
Deferred income taxes (8) 1,810 (162)
Amortization of stock compensation expense 929 5,440 5,340
Excess tax benefit from stock-based compensation 0 8 (634)
Distribution of earnings from unconsolidated joint ventures 0 7,200 0
Changes in operating assets and liabilities:      
Receivables, inventories and other assets, net 3,712 (1,761) 2,570
Current liabilities, net (1,118) (6,552) 2,515
Net cash provided by operating activities 9,536 14,092 9,484
Investing Activities      
Maturities and sales of marketable securities 29,779 19,809 19,143
Funds invested in marketable securities (21,392) (16,984) (39,448)
Property and equipment expenditures (21,558) (20,669) (13,649)
Reimbursement of outlet center costs 512 0 0
Reimbursement proceeds from Communities Facilities District 17,809 0 0
Proceeds from sale of real estate 0 0 4,988
Proceeds from sale of easements 0 0 15,750
Investment in unconsolidated joint ventures (3,415) (6,154) (4,457)
Distribution of equity from unconsolidated joint ventures 1,000 1,512 0
Investments in long-term water assets (9,635) (797) 0
Other (711) 10 (495)
Net cash used in investing activities (7,611) (23,273) (18,168)
Financing Activities      
Borrowings of short-term debt 0 1,500 0
Repayments of short-term debt 0 (1,500) 0
Borrowings of long-term debt 4,750 0 0
Repayments of long-term debt (310) (39) (35)
Proceeds from exercise of stock options 211 370 5,876
Taxes on vested stock grants (4,764) (2,303) (812)
Net cash provided by (used in) financing activities (113) (1,972) 5,029
Increase (decrease) in cash and cash equivalents 1,812 (11,153) (3,655)
Cash and cash equivalents at beginning of year 7,219 18,372 22,027
Cash and cash equivalents at end of year 9,031 7,219 18,372
Supplemental cash flow information      
Accrued capital expenditures included in current liabilities 2,058 2,293 590
Sale of assets accounted as direct finance leases 0 913 0
Taxes paid (net of refunds) 15 4,021 5,002
Common stock issued for water purchase $ 9,370 $ 0 $ 0