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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Net loss (including net loss attributable to non-controlling interests) $ (166,177) $ (35,682) $ (28,983)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation and amortization 3,762 4,794 5,246
Amortization of stock based compensation 1,850 1,442 2,138
Impairment of goodwill 17,215 0 0
Impairment of land and other inventories 112,732 660 13,739
Impairment of Poinciana Parkway 0 0 8,108
Change in fair value of contingent consideration (4,388) 239 0
Gain from repurchase of 4.50% Notes 0 0 (1,783)
Gain from write-off of 5.50% bonds (111) 0 0
Equity loss from unconsolidated entities 398 276 196
Distributions (return) of earnings from an unconsolidated entity 357 (53) 341
Deferred income taxes 0 0 1,388
Changes in operating assets and liabilities:      
Restricted cash 550 (7,723) 915
Receivables, net (1,295) 33,546 (16,410)
Income tax receivable 473 0 0
Land and other inventories 11,230 (6,300) 29,084
Prepaid expenses and other assets 4,426 (832) 1,529
Accounts payable and accrued and other liabilities 2,356 (488) (2,964)
Customer deposits and deferred revenues (946) (317) (737)
Notes, mortgage notes and other debt from the JEN Transaction 0 14,301 0
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (17,568) (10,438) 11,807
INVESTING ACTIVITIES      
Investment in property and equipment (831) (53) (131)
Return from (investment in) Poinciana Parkway 15 30 (422)
Investment related to JEN Transaction 0 (33,303) 0
Investment in unconsolidated entities (138) (96) (68)
Notes receivable from unconsolidated affiliates 3,669 0 0
Return of capital from unconsolidated joint venture 458 0 0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 3,173 (33,422) (621)
FINANCING ACTIVITIES      
Proceeds from issuance of 7.50% Convertible Notes 100,000 0 0
Net proceeds from issuance of common stock 0 0 42,296
Repurchase of 4.50% Convertible Notes (59,402) 0 (11,627)
Principal payments of real estate borrowings (12,501) (57,681) (119)
Payment of withholding taxes related to restricted stock and units withheld (261) (89) 0
Debt Issuance costs (4,627) 0 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 23,209 (57,770) 30,550
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 8,814 (101,630) 41,736
Cash and cash equivalents at beginning of year 115,502 217,132 175,396
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 124,316 $ 115,502 $ 217,132