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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jan. 31, 2013
Jan. 31, 2012
Jan. 31, 2011
Net earnings (loss) $ 36,271 $ (568) $ 85,398
Depreciation and amortization 229,661 208,801 225,082
Amortization of mortgage procurement costs 12,112 11,317 11,000
Impairment of real estate 30,660 235 4,763
Impairment of unconsolidated entities 390 40,284 72,459
Write-off of abandoned development projects 26,850 8,838 9,195
(Gain) loss on extinguishment of debt (7,096) (9,590) 21,035
Net (gain) loss on land held for divestiture activity (6,480) 115,654 0
Net gain on disposition of partial interests in rental properties and other investment 0 (17,665) (257,990)
Net gain on change in control of interests (6,766) 0 0
Deferred income tax expense (benefit) 47,590 (53,770) 68,162
Equity in earnings of unconsolidated entities (85,798) (21,147) (42,265)
Net loss on land held for divestiture activity of unconsolidated entities 40,777 41,902 0
Stock-based compensation expense 9,355 7,650 7,969
Amortization and mark-to-market adjustments of derivative instruments (7,738) 2,279 3,606
Non-cash interest expense related to Senior Notes 489 1,737 1,858
Cash distributions from operations of unconsolidated entities 80,027 59,399 46,802
Cost of sales of land included in projects under construction and development and completed rental properties 5,428 10,820 18,490
Decrease (increase) in land held for development and sale 5,973 (11,860) (14,973)
Decrease in land held for divestiture 55,650 0 0
(Increase) decrease in notes and accounts receivable (2,228) 3,575 7,595
Decrease (increase) in other assets 4,888 (11,433) 15,415
Decrease (increase) in restricted cash and escrowed funds used for operating purposes 5,297 (4,354) (31,701)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 55,328 15,863 (26,899)
Net cash provided by operating activities 422,742 298,763 267,247
Cash Flows from Investing Activities      
Capital expenditures (803,865) (760,381) (723,158)
Payment of lease procurement costs (11,992) (22,907) (20,387)
Increase in other assets (37,583) (14,489) (57,226)
Decrease (increase) in restricted cash and escrowed funds used for investing purposes 111,265 90,157 (249,024)
Proceeds from disposition of full or partial interests in rental properties and other investments 113,842 353,243 191,345
Decrease (increase) in investments in and advances to unconsolidated entities 110,630 (85,820) 11,401
Net cash used in investing activities (517,703) (440,197) (847,049)
Cash Flows from Financing Activities      
Proceeds from nonrecourse mortgage debt and notes payable 907,608 695,449 658,833
Principal payments on nonrecourse mortgage debt and notes payable (593,810) (572,584) (321,629)
Borrowings on bank revolving credit facility 458,700 464,575 876,052
Payments on bank revolving credit facility (458,700) (601,727) (822,416)
Payment of Puttable Equity-Linked Senior Notes due 2011 0 (39,407) 0
Proceeds from issuance of Convertible Senior Notes due 2018, net of $10,625 of issuance costs 0 339,375 0
Payment of transaction costs related to exchange of Convertible Senior Notes due 2016 for Class A common stock 0 (3,200) 0
Purchase of Senior Notes due 2011 and 2017 0 0 (16,569)
Proceeds received from partial termination of Convertible Senior Notes hedge 0 0 1,869
Payment of deferred financing costs (25,217) (14,923) (36,745)
Change in restricted cash and escrowed funds and book overdrafts (7,080) (1,578) (1,322)
Purchase of treasury stock (1,963) (1,670) (786)
Exercise of stock options 8,368 195 2,621
Payment of inducements related to conversion of preferred stock for Class A common stock (19,069) 0 0
Payment of transaction costs related to conversion of preferred stock for Class A common stock (3,301) 0 0
Proceeds from issuance of Series A preferred stock, net of $5,544 of issuance costs 0 0 44,456
Payment for equity call hedge related to the issuance of Series A preferred stock 0 0 (17,556)
Dividends paid to preferred shareholders (13,060) (15,400) (11,807)
Contributions from redeemable noncontrolling interest 11,348 0 181,909
Contributions from noncontrolling interests 1,886 6,087 5,636
Distributions to noncontrolling interests (27,680) (89,644) (20,777)
Acquisitions of noncontrolling interests (27,335) 0 0
Net cash provided by financing activities 210,695 165,548 521,769
Net increase in cash and equivalents 115,734 24,114 (58,033)
Cash and equivalents at beginning of period 217,486 193,372 251,405
Cash and equivalents at end of period 333,220 217,486 193,372
Operating Activities      
Increase in land held for development and sale (5,906) (1,399) (31,599)
Increase in land held for divestiture (2,944) 0 0
Decrease in notes and accounts receivable 7,937 16,785 22,560
Decrease in other assets 2,465 155,458 80,953
Decrease (increase) in restricted cash and escrowed funds 14,463 149,586 (1,953)
(Decrease) increase in accounts payable, accrued expenses and other liabilities (34,991) 14,188 (111,940)
Total effect on operating activities (18,976) 334,618 (41,979)
Investing Activities      
Decrease in projects under construction and development 35,367 429,690 32,816
Decrease in completed rental properties 170,033 1,230,710 667,495
Decrease (increase) in investments in and advances to affiliates 21,826 (298,492) 111,644
Total effect on investing activities 227,226 1,361,908 811,955
Financing Activities      
Decrease in nonrecourse mortgage debt and notes payable (215,008) (1,648,245) (776,588)
Decrease in senior and subordinated debt (6,049) (40,000) (277,658)
Decrease in restricted cash and escrowed funds 8,208 0 0
(Decrease) increase in preferred stock (209,448) 0 170,000
Increase in Class A common stock 4,617 959 2,636
Increase in additional paid-in capital 200,448 36,904 102,939
Increase in redeemable noncontrolling interest 8,424 6,887 46,845
Increase (decrease) in noncontrolling interest 558 (53,031) (38,150)
Total effect on financing activities (208,250) (1,696,526) (769,976)
Segment, Discontinued Operations [Member]
     
Depreciation and amortization 6,159 14,139 22,935
Amortization of mortgage procurement costs 243 1,257 2,611
Impairment of real estate 4,254 13,692 81,643
(Gain) loss on extinguishment of debt 464 0 0
Deferred income tax expense (benefit) (18,118) 5,262 (13,640)
Gain on disposition of rental properties $ (100,900) $ (133,554) $ (51,303)