Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities
Net income	$ 124	$ 1,455
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	1,089	1,071
Amortization of premium/discount of marketable securities	(21)	35
Equity in earnings of unconsolidated joint ventures, net	(876)	(167)
Non-cash retirement plan expense	77	41
Loss on sale of property plant and equipment	0	36
Stock compensation expense	813	948
Excess tax benefit from stock-based compensation	46	22
Changes in operating assets and liabilities:
Receivables, inventories, prepaids and other assets, net	(1,385)	2,001
Current liabilities, net	(1,078)	1,527
Net cash (used in) provided by operating activities	(1,211)	6,969
Investing Activities
Maturities and sales of marketable securities	14,567	10,942
Funds invested in marketable securities	(10,865)	(11,520)
Real estate and equipment expenditures	(5,112)	(3,779)
Reimbursement proceeds from Community Facilities District	0	1,385
Investment in unconsolidated joint ventures	(100)	0
Distribution of equity from unconsolidated joint ventures	41	181
Investments in long-term water assets	(3,502)	(2,659)
Net cash used in investing activities	(4,971)	(5,450)
Financing Activities
Repayments of long-term debt	(1,007)	(985)
Rights offering costs	0	(166)
Taxes on vested stock grants	(815)	(996)
Net cash used in financing activities	(1,822)	(2,147)
Decrease in cash and cash equivalents	(8,004)	(628)
Cash and cash equivalents at beginning of period	15,908	20,107
Cash and cash equivalents at end of period	7,904	19,479
Supplemental cash flow information
Accrued capital expenditures included in current liabilities	$ 292	$ 673