CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$ 406,282	$ 4,966	$ 5,990
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion and amortization	8,422	9,131	10,110
Stock based compensation	210	247	898
Pension charges	8,749	1,500	2,063
Loss (gain) on sale of investments	833	(93)	0
Other-than-temporary impairment loss	1,295	0	0
Equity in loss (income) in from unconsolidated joint ventures	32	(112)	46
Deferred income tax expense (benefit)	46,127	(909)	(242)
Impairment losses	0	5,080	2,551
(Loss) gain on disposal of real estate and property and equipment	(202)	(528)	758
Cost of operating properties sold	76,060	22,022	27,248
Expenditures for and acquisition of operating properties	(7,368)	(19,165)	(22,920)
Notes financed by the Company for operating properties	(19,600)	(5,248)	0
Timber Note	(200,000)	0	0
Deferred revenue	(13,562)	0	0
Accretion income and other	(2,129)	(966)	564
Changes in operating assets and liabilities:
Pension Plan assets reverted to the Company	23,820	0	0
Payments received on notes receivable	3,242	1,562	594
Other assets	(5,010)	(1,596)	1,083
Accounts payable and accrued liabilities	4,946	(96)	(5,535)
Income taxes payable	(1,112)	538	(167)
Net cash provided by operating activities	331,035	16,333	23,041
Cash flows from investing activities:
Expenditures for Pier Park North joint venture	(22,592)	(19,301)	0
Purchases of property and equipment	(2,483)	(3,594)	(475)
Purchases of investments	(723,099)	(256,730)	0
Maturities of investments	150,319	100,000	0
Sales of investments	83,239	7,725	0
Sales of unconsolidated affiliates	3,000	0	0
Investments in assets held by special purpose entities (Note 5)	(6,921)	0	0
Other	(148)	514	656
Net cash (used in) provided by investing activities	(518,685)	(171,386)	181
Cash flows from financing activities:
Borrowings on construction loan in Pier Park joint venture	25,173	6,445	0
Contribution to Pier Park North joint venture from non-controlling interest	0	4,886	0
Repayments of long term debt	(627)	(321)	(19,958)
Proceeds from issuance of Senior Notes by special purpose entity	177,269	0	0
Debt issuance costs for Senior Notes issued by special purpose entity	(1,544)	0	0
Other	0	(43)	325
Net cash provided by (used in) financing activities	200,271	10,967	(19,633)
Net increase (decrease) in cash and cash equivalents	12,621	(144,086)	3,589
Cash and cash equivalents at beginning of the period	21,894	165,980	162,391
Cash and cash equivalents at end of the period	34,515	21,894	165,980
Cash (received) paid during the period for:
Interest	1,733	2,413	3,072
Income taxes	70,491	(22)	319
Non-cash financing and investment activities:
Net (decrease) increase in Community Development District Debt and Investment in real estate, net	(4,369)	2,589	(956)
(Decrease) increase in pledged treasury securities related to defeased debt	(590)	(558)	3,519
Expenditures for operating properties and property and equipment financed through accounts payable	4,866	4,497	1,917
Exchange of Timber Note for Investments in Special Purpose Entity	200,000	0	0
Capital contributions to special purpose entity from non-controlling interest	3,492	0	0
Pension Plan assets transferred to the Company’s 401(k) Plan and invested in restricted investments	7,940	0	0
Settlement of note receivable	0	312	0
Non-monetary receipt of real estate from an unconsolidated affiliate	$ 0	$ 398	$ 0