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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Net earnings (loss) $ (19,074,000) $ 23,773,000
Depreciation and amortization 69,495,000 50,474,000
Amortization of mortgage procurement costs 2,688,000 2,756,000
Write-offs of abandoned development projects 81,000 447,000
Loss on extinguishment of debt 5,238,000 719,000
Impairment of real estate 0  
Net gain on land held for divestiture activity (452,000) 0
Deferred income tax expense (benefit) (14,870,000) 9,572,000
Equity in earnings of unconsolidated entities (5,850,000) (3,773,000)
Net loss on land held for divestiture activity of unconsolidated entities 147,000 0
Stock-based compensation expense 3,434,000 2,528,000
Amortization and mark-to-market adjustments of derivative instruments 2,801,000 (3,133,000)
Non-cash interest expense related to Senior Notes 133,000 81,000
Cash distributions from operations of unconsolidated entities 11,407,000 16,014,000
Gain on disposition of rental properties 5,608,000 3,052,000
Cost of sales of land included in projects under construction and development and completed rental properties 4,974,000 2,825,000
Increase in land held for development and sale (5,694,000) (5,337,000)
Increase in land held for divestiture (188,000) 0
(Increase) decrease in notes and accounts receivable (15,482,000) 22,527,000
Decrease in other assets 6,968,000 4,098,000
Increase in accounts payable, accrued expenses and other liabilities (12,606,000) (42,338,000)
Net cash provided by operating activities 16,330,000 78,098,000
Cash Flows from Investing Activities    
Capital expenditures (120,390,000) (196,354,000)
Payment of lease procurement costs (2,350,000) (2,049,000)
(Increase) decrease in other assets (8,686,000) 4,662,000
(Increase) decrease in restricted cash and escrowed funds used for investing purposes (2,105,000) 157,402,000
Proceeds from disposition of rental properties 22,399,000 8,642,000
Decrease (increase) in investments in and advances to unconsolidated entities 23,539,000 (21,645,000)
Net cash used in investing activities (87,593,000) (49,342,000)
Cash Flows from Financing Activities    
Proceeds from nonrecourse mortgage debt and notes payable 70,450,000 210,957,000
Principal payments on nonrecourse mortgage debt and notes payable (63,320,000) (157,733,000)
Borrowings on bank revolving credit facility 88,450,000 75,000,000
Payments on bank revolving credit facility (43,450,000) (75,000,000)
Payment of inducements related to exchange of Senior Notes due 2014 for Class A common stock (4,762,000) 0
Payment of transaction costs related to exchange of Senior Notes due 2014 for Class A common stock (2,300,000) 0
Payment of Senior Notes due 2015 (53,253,000) 0
Payment of deferred financing costs (5,541,000) (4,132,000)
Purchase of treasury stock (3,167,000) (1,182,000)
Exercise of stock options 1,042,000 6,000
Redemption of Series A preferred stock (5,063,000) 0
Proceeds from equity call hedge related to the issuance of Series A preferred stock 10,231,000 0
Dividends paid to preferred shareholders (185,000) (3,850,000)
Contributions from noncontrolling interests 21,000,000 64,000
Distributions to noncontrolling interests (5,128,000) (2,694,000)
Acquisitions of noncontrolling interests (6,000,000) 0
Net cash (used in) provided by financing activities (996,000) 41,436,000
Net (decrease) increase in cash and equivalents (72,259,000) 70,192,000
Cash and equivalents at beginning of period 333,220,000 217,486,000
Cash and equivalents at end of period 260,961,000 287,678,000
Operating Activities    
Increase in land held for development and sale (2,671,000) (1,350,000)
(Increase) decrease in notes and accounts receivable (5,039,000) 2,535,000
Decrease in other assets 18,000 1,869,000
Increase in accounts payable, accrued expenses and other liabilities 6,013,000 7,533,000
Total effect on operating activities (1,679,000) 10,587,000
Investing Activities    
Decrease (increase) in projects under construction and development 1,846,000 (14,713,000)
Decrease in completed rental properties 9,450,000 26,995,000
Decrease in restricted cash and escrowed funds 0 49,000
Decrease (increase) in investments in and advances to affiliates 207,000 (809,000)
Total effect on investing activities 11,503,000 11,522,000
Financing Activities    
Decrease in nonrecourse mortgage debt and notes payable (9,645,000) (22,871,000)
Decrease in senior and subordinated debt (138,514,000) 0
Increase in treasury stock (12,868,000) 0
Decrease in preferred stock (5,489,000) 0
Increase in Class A common stock 3,304,000 0
Increase (decrease) in additional paid-in capital 122,178,000 (1,116,000)
Increase in redeemable noncontrolling interest 6,305,000 2,980,000
Increase (decrease) in noncontrolling interest 24,905,000 (1,102,000)
Total effect on financing activities (9,824,000) (22,109,000)
Segment, Discontinued Operations [Member]
   
Depreciation and amortization 118,000 2,359,000
Amortization of mortgage procurement costs 0 113,000
Loss on extinguishment of debt 40,000 0
Impairment of real estate 0 1,381,000
Deferred income tax expense (benefit) 4,904,000 1,891,000
Gain on disposition of rental properties $ (21,882,000) $ (8,879,000)