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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated net income (loss) $ 52,332 $ 60,179 $ (212,371)
Adjustments:      
Depreciation, depletion and amortization 5,463 11,447 45,085
Change in deferred income taxes (1,705) (1,360) 41,261
Equity in earnings of unconsolidated ventures (17,899) (6,123) (16,008)
Distributions of earnings of unconsolidated ventures 23,041 7,719 12,741
Share-based compensation 6,643 4,037 4,246
Real estate cost of sales 63,999 98,412 87,733
Dry hole and unproved leasehold impairment costs 0 0 67,639
Real estate development and acquisition expenditures, net (103,904) (81,179) (107,988)
Reimbursements from utility and improvement districts 20,071 27,107 15,176
Asset impairments 47,172 60,939 108,184
Loss on debt extinguishment, net 611 35,864 0
Gain on sale of assets (113,214) (153,083) (879)
Other 2,877 5,359 4,680
Changes in:      
Notes and accounts receivables 2,686 13,214 (978)
Prepaid expenses and other (1,345) (133) 3,026
Accounts payable and other accrued liabilities (7,236) (16,711) (11,868)
Income taxes 4,193 1,189 (4,553)
Net cash (used in) provided by operating activities (16,215) 66,877 35,126
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property, equipment, software, reforestation and other (52) (6,138) (14,690)
Oil and gas properties and equipment (2,400) (579) (49,717)
Investment in unconsolidated ventures (4,548) (6,089) (26,349)
Proceeds from sale of assets 130,146 427,849 18,260
Return of investment in unconsolidated ventures 11,398 5,700 12,168
Net cash provided by (used in) investing activities 134,544 420,743 (60,328)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments of debt (10,049) (315,229) (58,220)
Additions to debt 3,036 3,184 11,463
Deferred financing fees (313) 0 (295)
Change in restricted cash 39,742 0 0
Distributions to noncontrolling interests, net (2,125) (2,579) (701)
Settlement of equity awards (12,786) 0 0
Exercise of stock options 616 0 0
Repurchases of common stock 0 (3,537) 0
Payroll taxes on restricted stock and stock options (981) (222) (762)
Other 0 119 32
Net cash (used in) provided by financing activities (62,344) (318,264) (48,483)
Net increase (decrease) in cash and cash equivalents 55,985 169,356 (73,685)
Cash and cash equivalents at beginning of year 265,798 96,442 170,127
Cash and cash equivalents at year-end 321,783 265,798 96,442
Cash paid during the year for:      
Interest 4,913 14,790 27,330
Income taxes paid (refunds) (2,699) 10,205 (4,077)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION:      
Capitalized interest $ 1,655 $ 2,838 $ 2,938