Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 4,580,000	$ 25,245,000
Adjustments:
Depreciation and amortization	1,296,000	1,485,000
Change in deferred income taxes	661,000	29,000
Equity in earnings of unconsolidated ventures	(1,529,000)	(6,362,000)
Distributions of earnings of unconsolidated ventures	0	4,974,000
Share-based compensation	94,000	843,000
Real estate cost of sales	15,309,000	12,240,000
Real estate development and acquisition expenditures, net	(149,052,000)	(13,740,000)
Reimbursements from utility and improvement districts	0	1,180,000
Asset impairments	0	37,900,000
Gain on sale of assets	(2,746,000)	(74,215,000)
Other	1,588,000	945,000
Changes in:
Notes and accounts receivable	1,197,000	(1,925,000)
Prepaid expenses and other	(3,614,000)	(647,000)
Accounts payable and other accrued liabilities	(365,000)	(8,556,000)
Earnest money deposits	19,152,000	2,792,000
Income taxes	(570,000)	15,433,000
Net cash used in operating activities	(113,999,000)	(2,379,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Property, equipment, software and other	(36,000)	(17,000)
Oil and gas properties and equipment	0	(2,400,000)
Investment in unconsolidated ventures	0	(1,915,000)
Proceeds from sales of assets	228,555,000	77,510,000
Return of investment in unconsolidated ventures	187,000	1,511,000
Net cash provided by investing activities	228,706,000	74,689,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Additions to debt	207,000	304,000
Change in restricted cash	4,000	0
Distributions to noncontrolling interests, net	(300,000)	0
Payroll taxes on restricted stock and stock options	0	(980,000)
Net cash used in financing activities	(89,000)	(676,000)
Net increase in cash and cash equivalents	114,618,000	71,634,000
Cash and cash equivalents at beginning of period	321,783,000	265,798,000
Cash and cash equivalents at end of period	$ 436,401,000	$ 337,432,000