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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES    
Net Income $ 5,078,000 $ 24,752,000
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization 4,028,000 8,487,000
Share based compensation 646,000 735,000
Gain on property disposals (15,600,000) (30,146,000)
Change in derivative liabilities and accretion of interest   1,466,000
Change in retirement liabilities (1,342,000) (17,747,000)
Impairment charges 1,115,000 4,615,000
Changes in operating assets and liabilities:    
Accounts receivable 131,000 1,895,000
Inventories 1,558,000 1,770,000
Trade accounts payable (3,392,000) (1,448,000)
Income taxes payable (632,000) 5,674,000
Other operating assets and liabilities (1,815,000) (9,442,000)
NET CASH USED IN OPERATING ACTIVITIES (10,225,000) (9,389,000)
INVESTING ACTIVITIES    
Purchases of property (1,025,000) (4,276,000)
Proceeds from disposals of property 11,450,000 7,550,000
Proceeds from escrow (Note 2) 4,117,000  
Payments for other assets (5,368,000) (1,115,000)
NET CASH PROVIDED BY INVESTING ACTIVITIES 9,174,000 2,159,000
FINANCING ACTIVITIES    
Proceeds from long-term debt 10,700,000 19,200,000
Payments of long-term debt (10,379,000) (70,214,000)
Payments on capital lease obligations (174,000) (1,954,000)
Issuance of common stock (Note 5)   40,000,000
Net proceeds from golf course sales (Note 2)   22,828,000
Reduction of PGC deferred credit   (1,405,000)
Debt and common stock issuance cost and other (301,000) (1,011,000)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (154,000) 7,444,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,205,000) 214,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 2,095,000 1,881,000
CASH AND CASH EQUIVALENTS AT END OF YEAR 890,000 2,095,000
Cash paid (received) during the year:    
Interest (net of amounts capitalized) 1,998,000 6,918,000
Income taxes (55,000) (5,925,000)
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Amounts included in trade accounts payable for additions to property and for other investing activities 137,000 864,000
Funds related to the sale of property, held in escrow pending the completion of post-closing obligations 294,000  
A capital lease obligation and the related asset acquired thereunder, transferred to a third party   289,000
A noncash donation made in 2011 $ 1,574,000