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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
Net loss (including net gain or loss attributable to non-controlling interests) $ (8,272) $ (87,683) $ (166,177)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,804 4,405 3,762
Amortization of stock-based compensation 1,648 3,034 1,850
Impairment of goodwill   0 17,215
Impairment of land and other inventories (248) 59,043 112,732
Loss on extinguishment of debt 0 1,144 211
Change in fair value of contingent consideration 0 0 (4,388)
Gain from write-off of 5.50% term bonds 0 0 (111)
Loss (income) from unconsolidated entities (101) 259 (398)
Loss from disposal of assets 36 1,130 0
Distributions of earnings from an unconsolidated entity 0 0 357
Changes in operating assets and liabilities:      
Restricted cash 726 3,190 550
Receivables, net 2,837 999 (1,295)
Income tax receivable 1,293 0 473
Land and other inventories (68,787) (40,576) 11,230
Assets held for sale (1,213) 4,429 0
Prepaid expenses and other assets (361) (786) 4,426
Accounts payable, estimated development liability, and accrued and other liabilities 6,661 3,243 2,356
Customer deposits and deferred revenues 338 374 (946)
NET CASH USED IN OPERATING ACTIVITIES (62,437) (48,313) (17,357)
INVESTING ACTIVITIES      
Investment in property and equipment (1,023) (4,421) (831)
Proceeds from sales of property and equipment 0 150 0
Return from Poinciana Parkway 0 0 15
Notes receivable from unconsolidated entities 0 0 3,669
Return of capital from unconsolidated entities 0 19 458
Investment in unconsolidated entities (111) (135) (138)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (1,134) (4,387) 3,173
FINANCING ACTIVITIES      
Proceeds from issuance of 7.5% Convertible Notes 0 0 100,000
Repurchase of 4.5% Convertible Notes 0 0 (59,402)
Principal payments of real estate borrowings 0 0 (12,501)
Issuance of common shares 35,805 0 0
Issuance of preferred shares 92,030 0 0
Debt issuance costs 0 (1,683) (4,627)
Contributions from consolidated joint venture partner 731 13,779 0
Distributions to consolidated joint venture partner (7) (3,076) 0
Payment of withholding taxes related to restricted stock and units withheld (76) (821) (261)
NET CASH PROVIDED BY FINANCING ACTIVITIES 128,483 8,199 23,209
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 64,912 (44,501) 9,025
Cash and cash equivalents at beginning of year 79,815 124,316 115,502
CASH AND CASH EQUIVALENTS AT END OF YEAR 144,727 79,815 124,316
Transfer from assets held for sale to land and other inventories and property and equipment 13,767 0 0
Beneficial conversion feature (deemed dividend) 11,894 0 0
Common stock issued for conversion of preferred stock $ 92,030 $ 0 $ 0