Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2014

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 tangible water assets were as follows (in thousands):



	March 31, 2014		December 31, 2013
Real estate	$	243,819	$	208,506
Tangible water assets	45,710		45,702
	$	289,529	$	254,208

Summary of RSU and RSA Activity

A summary of activity of the RSU is as follows:



	RSU		Weighted-Average Grant Date Fair Value Per Share
Outstanding at January 1, 2014	469,435		$	30.43
Granted
Vested
Outstanding at March 31, 2014	469,435		$	30.43
Unrecognized compensation cost (in thousands)	$	2,090

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, 2014	1,616,625	$	36.45	2.5 years

Outstanding and exercisable at March 31, 2014	1,616,625	$	36.45	2.2 years

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table reports amounts that were reclassified from accumulated other comprehensive income or loss and included in earnings (in thousands):



	Three Months Ended March 31,
	2014		2013
Beginning balance - January 1	$	232	$	(2,014	)
Unrealized gain on marketable securities, net of tax	474		660
Amount reclassified and recognized in net loss, net of tax⁽¹⁾	13		92
Accumulated foreign currency translation, net of tax	40		236
Net change in other comprehensive income, net of tax	527		988
Accumulated other comprehensive income (loss)	$	759	$	(1,026	)

⁽¹⁾Amounts reclassified from unrealized gain on marketable securities are included in other income in the condensed consolidated statement of operations and comprehensive income or loss.

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



	March 31, 2014			December 31, 2013
Net unrealized appreciation on available-for-sale investments	$	7,353		$	6,866
Foreign currency translation	(6,594		)	(6,634		)
Accumulated other comprehensive income	$	759		$	232