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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ 59,236,000 $ 15,464,000 $ (1,971,000)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation, depletion and amortization 8,885,000 8,571,000 9,486,000
Stock based compensation 76,000 131,000 150,000
Gain on sale of investments (10,750,000) (795,000) (5,311,000)
Other-than-temporary impairment loss on investments 2,288,000 0 0
Deferred income tax (benefit) expense (17,375,000) 29,627,000 2,323,000
Impairment losses on investment in real estate 714,000 357,000 0
Loss on disposal of real estate and property and equipment 887,000 9,000 77,000
Gain on sale of vacation rental management (9,800,000) 0 0
Cost of real estate sold 13,727,000 6,489,000 14,584,000
Expenditures for and acquisition of real estate to be sold (8,475,000) (8,335,000) (8,378,000)
Accretion income and other (3,159,000) (2,792,000) (1,780,000)
Changes in operating assets and liabilities:      
Notes receivable (2,596,000) 694,000 21,780,000
Claim settlement receivable 2,741,000 (7,804,000) 0
Other assets (3,667,000) (1,576,000) (3,650,000)
Other liabilities 4,734,000 (2,384,000) (3,395,000)
Income taxes receivable 18,300,000 (24,782,000) (1,497,000)
Net cash provided by operating activities 55,766,000 12,874,000 22,418,000
Cash flows from investing activities:      
Expenditures for operating property (28,400,000) (3,226,000) (6,619,000)
Expenditures for property and equipment (3,005,000) (1,297,000) (2,468,000)
Proceeds from the disposition of assets 2,518,000 3,000 0
Purchases of investments (115,944,000) (357,787,000) (341,994,000)
Maturities of investments 13,988,000 185,000,000 410,000,000
Sales of investments 174,507,000 197,548,000 385,695,000
Maturities of assets held by special purpose entities 787,000 787,000 787,000
Net cash provided by investing activities 44,451,000 21,028,000 445,401,000
Cash flows from financing activities:      
Capital contribution from non-controlling interest 193,000 10,353,000 0
Capital distribution to non-controlling interest (2,330,000) (600,000) (68,000)
Repurchase of common shares (147,422,000) (14,820,000) (305,004,000)
Borrowings on debt 1,624,000 0 48,200,000
Principal payments for debt (1,290,000) (497,000) (31,942,000)
Debt issuance costs (20,000) 0 (747,000)
Net cash used in financing activities (149,245,000) (5,564,000) (289,561,000)
Net (decrease) increase in cash and cash equivalents (49,028,000) 28,338,000 178,258,000
Cash and cash equivalents at beginning of the year 241,111,000 212,773,000 34,515,000
Cash and cash equivalents at end of the year 192,083,000 241,111,000 212,773,000
Cash paid during the period for:      
Interest 11,823,000 11,811,000 10,569,000
Income taxes 5,430,000 2,302,000 0
Non-cash financing and investment activities:      
Increase in notes receivable - PCR Note (5,000,000) 0 0
Increase (decrease) in Community Development District debt 174,000 955,000 (768,000)
Decrease in pledged treasury securities related to defeased debt 0 0 (25,670,000)
Expenditures for operating properties and property and equipment financed through accounts payable $ 2,525,000 $ 139,000 $ 1,138,000