Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net (loss) income	$ (1,913)	$ 1,195
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	1,150	1,366
Amortization of premium/discount of marketable securities	86	123
Equity in earnings of unconsolidated joint ventures	(228)	(1,455)
Non-cash retirement plan expense	255	242
Gain on sale of real estate/assets	0	(14)
Stock compensation expense	811	973
Excess tax benefit from stock-based compensation	142	0
Changes in operating assets and liabilities:
Receivables, inventories and other assets, net	(1,175)	(2,435)
Current liabilities	302	(1,026)
Net cash used in operating activities	(570)	(1,031)
Investing Activities
Maturities and sales of marketable securities	2,671	1,383
Funds invested in marketable securities	(255)	(1,222)
Property and equipment expenditures	(4,247)	(5,667)
Communities Facilities District and other reimbursements	0	4,162
Proceeds from sale of real estate/assets	0	145
Investment in unconsolidated joint ventures	(20)	(20)
Distribution of equity from unconsolidated joint ventures	2,087	0
Investments in long-term water assets	(4,276)	0
Net cash used in investing activities	(4,040)	(1,219)
Financing Activities
Borrowings of short-term debt	8,300	2,000
Repayments of short-term debt	0	0
Repayments of long-term debt	(938)	(63)
Taxes on vested stock grants	(514)	(310)
Net cash provided by financing activities	6,848	1,627
Increase (decrease) in cash and cash equivalents	2,238	(623)
Cash and cash equivalents at beginning of period	1,258	1,930
Cash and cash equivalents at end of period	3,496	1,307
Supplemental cash flow information
Accrued capital expenditures included in current liabilities	744	319
Income taxes paid	0	1,350
Non cash capital contribution to unconsolidated joint venture	$ 1,339	$ 0