Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Activities
Net income (loss)	$ 1,455	$ (1,913)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization	1,071	1,150
Amortization of premium/discount of marketable securities	35	86
Equity in earnings of unconsolidated joint ventures	(167)	(228)
Non-cash retirement plan expense	41	255
Gain on sale of real estate/assets	36	0
Stock compensation expense	948	811
Excess tax benefit from stock-based compensation	22	142
Changes in operating assets and liabilities:
Receivables, inventories and other assets, net	2,001	(1,175)
Current liabilities	1,527	302
Net cash provided (used) by operating activities	6,969	(570)
Investing Activities
Maturities and sales of marketable securities	10,942	2,671
Funds invested in marketable securities	(11,520)	(255)
Real estate and equipment expenditures	(3,779)	(4,247)
Communities Facilities District and other reimbursements	1,385	0
Investment in unconsolidated joint ventures	0	(20)
Distribution of equity from unconsolidated joint ventures	181	2,087
Investments in long-term water assets	(2,659)	(4,276)
Net cash used in investing activities	(5,450)	(4,040)
Financing Activities
Borrowings of short-term debt	0	8,300
Repayments of long-term debt	(985)	(938)
Rights offering costs	(166)	0
Taxes on vested stock grants	(996)	(514)
Net cash (used) provided by financing activities	(2,147)	6,848
Decrease (increase) in cash and cash equivalents	(628)	2,238
Cash and cash equivalents at beginning of period	20,107	1,258
Cash and cash equivalents at end of period	19,479	3,496
Supplemental cash flow information
Accrued capital expenditures included in current liabilities	673	744
Non cash capital contribution to unconsolidated joint venture	$ 0	$ 1,339