CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
OPERATING ACTIVITIES
Net income	$ 10,579	$ 5,245
Adjustments to reconcile net income to net cash provided by operating activies:
Depreciation and amortization	3,066	1,846
Equity in earnings of unconsolidated joint ventures, net	(583)	(660)
Non-cash retirement plan expense	70	600
Amortization of stock compensation expense	3,846	(4,583)
Gains on sale of easements	(15,730)
Deferred income taxes	(144)	773
Non-cash straight line loss	98	116
Excess tax benefit of stock based compensation		(243)
Distribution of earnings from unconsolidated joint ventures		1,440
Changes in operating assets and liabilities:
Receivables, inventories and other assets, net	439	(6,024)
Current liabilities, net	4,102	1,335
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	5,743	(155)
INVESTING ACTIVITIES
Maturities and sales of marketable securities	9,768	13,447
Funds invested in marketable securities	(28,739)	(23,726)
Property and equipment expenditures	(9,509)	(10,279)
Investment in long-term water assets		(323)
Proceeds from sale of easements	15,750
Investment in unconsolidated joint ventures	(2,282)	(3,424)
Distribution of equity from unconsolidated joint venture		4,100
Investment in pistachio processor	(485)
Reimbursement proceeds from community facilities district		10,860
Other	(532)	(460)
NET CASH USED IN INVESTING ACTIVITIES	(16,029)	(9,805)
FINANCING ACTIVITIES
Borrowings of short-term debt		6,850
Repayments of short-term debt		(16,400)
Repayments of long-term debt	(28)	(25)
Proceeds from exercise of stock options	5,242	2,008
Taxes on vested stock grants	(812)	(354)
Net proceeds from rights offering		59,760
NET CASH PROVIDED BY FINANCING ACTIVITIES	4,402	51,839
NET INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS	(5,884)	41,879
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	22,027	683
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 16,143	$ 42,562