Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Real Estate and Water Assets

The costs assigned to the various components of real estate and water assets was as follows (in thousands):

	September 30, 2013		December 31, 2012
Real estate	$	201,152	$	170,704
Tangible water assets	45,103		41,596
	$	246,255	$	212,300

Summary of RSU and RSA Activity

Restricted Stock Units (RSU):

A summary of activity of the RSU is as follows:

	RSU
Outstanding at January 1, 2013	467,716
Granted	15,435
Vested	(13,716		)
Outstanding at September 30, 2013	469,435
Unrecognized compensation cost (in thousands)	$	4,007

Summary of SAR Activity

A summary of SAR activity is as follows:

	SAR		Weighted Average Exercise Price		Weighted Average Contractual Term in Years
Outstanding at January 1, 2013	1,812,079		$	36.16	3.5 years
Expired	(195,454	)
Outstanding and exercisable at September 30, 2013	1,616,625		$	36.45	2.7 years

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive loss are as follows (in thousands):

	September 30, 2013			December 31, 2012
Net unrealized appreciation on available-for-sale investments	$	6,862		$	4,455
Foreign currency translation	(6,577		)	(6,469		)
Accumulated other comprehensive income (loss)	$	285		$	(2,014	)