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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating Revenue:        
Real estate leasing $ 25.5 $ 24.2 $ 51.0 $ 48.9
Real estate development and sales 7.0 5.6 9.4 11.1
Agribusiness 39.9 43.4 53.5 59.3
Total operating revenue 72.4 73.2 113.9 119.3
Operating Costs and Expenses:        
Cost of real estate leasing 14.6 14.1 28.9 28.6
Cost of real estate development and sales 3.1 3.2 4.1 6.5
Costs of agribusiness revenues 32.8 34.8 42.9 48.0
Selling, general and administrative 7.4 7.3 15.5 14.4
Impairment of real estate assets (Santa Barbara) 5.1 0 5.1 0
Separation costs, including equity conversion costs 4.4 0 6.1 0
Total operating costs and expenses 67.4 59.4 102.6 97.5
Operating Income 5.0 13.8 11.3 21.8
Other Income and (Expense):        
Income (loss) related to real estate joint ventures (1.1) (0.4) (2.7) 1.6
Impairment and equity losses related to Bakersfield joint venture (4.7) 0 (4.7) 0
Gain on sale of investment and other 0 2.5 0 6.2
Interest income 0 0.2 0.1 0.2
Interest expense (4.0) (4.2) (8.1) (8.5)
Income (Loss) From Continuing Operations Before Income Taxes (4.8) 11.9 (4.1) 21.3
Income tax expense (benefit) (0.4) 5.2 (0.1) 9.2
Income (Loss) From Continuing Operations (4.4) 6.7 (4.0) 12.1
Income (Loss) From Discontinued Operations (net of income taxes) 0 5.6 2.4 10.0
Net Income (Loss) $ (4.4) $ 12.3 $ (1.6) $ 22.1
Basic Earnings (Loss) Per Share:        
Continuing operations (in dollars per share) $ (0.1) $ 0.16 $ (0.1) $ 0.28
Discontinued operations (in dollars per share) $ 0 $ 0.13 $ 0.06 $ 0.24
Net income (Loss) (in dollars per share) $ (0.1) $ 0.29 $ (0.04) $ 0.52
Diluted Earnings (Loss) Per Share:        
Continuing operations (in dollars per share) $ (0.1) $ 0.16 $ (0.1) $ 0.28
Discontinued operations (in dollars per share) $ 0 $ 0.13 $ 0.06 $ 0.24
Net income (Loss) (in dollars per share) $ (0.1) $ 0.29 $ (0.04) $ 0.52
Weighted Average Number of Shares Outstanding:        
Basic and Diluted (in shares) 42.4 42.4 42.4 42.4