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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income (loss) $ 1,614 $ (13,029) $ (80,879)
Adjustments to reconcile net loss to net cash used in operating activities:      
Provision (benefit) for deferred income taxes 3,442 (2,160) (2,817)
Depreciation and amortization expense 303 899 1,624
Stock-based compensation expense 1,295 2,850 1,907
Impairment loss on investment in unconsolidated affiliate 2,170 20,696
Impairment loss on intangible and long-lived assets 201 2,085
Gain on sale of available-for-sale investments (8,722) (133) (1,101)
Loss on abandonment or liquidation of consolidated subsidiary 1,968 0
Net (income) loss from discontinued operations, net 5,645 (12,124) 43,038
Gain on sale of property, plant and equipment (165) (8,605)
Equity in loss of unconsolidated affiliate 3,422
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Notes and other receivables 1,619 486 253
Real estate, water, and intangible assets 13,027 (477) (390)
Income taxes (275) 1,234 41
Other assets 32 179 468
Deferred compensation (7,500) 2,685 909
Accounts payable and accrued expenses (10,714) 8,768 (211)
Other operating activities, net 54 14 130
Cash used in operating activities - continuing operations (345) (15,074) (10,825)
Cash provided by (used in) operating activities - discontinued operations (9,728) 8,722 (38,098)
Net cash used in operating activities (10,073) (6,352) (48,923)
Investing activities:      
Proceeds from the sale of investments 197,848 1,068 7,938
Proceeds from maturity of investments 139,912 18 1,343
Purchases of investments (270,317) (1,511) (2,316)
Proceeds from the sale of property, plant and equipment 470 8,988  
Purchases of property, plant and equipment (5) (152) (2,777)
Other investing activities, net 661 212
Cash provided by investing activities - continuing operations 67,908 9,072 4,400
Cash provided by (used in) investing activities - discontinued operations 47,173 (1,455) 102,193
Net cash provided by investing activities 115,081 7,617 106,593
Financing activities:      
Special dividend paid (115,860)
Payment of withholding taxes on exercise of restricted stock units (672)   (126)
Purchases of treasury stock (690)    
Other financing activities, net (27)
Cash provided by (used in) financing activities - continuing operations (117,222) 0 (153)
Cash provided by (used in) financing activities - discontinuing operations (11,638) 2,315 (63,095)
Net cash provided by (used in) financing activities (128,860) 2,315 (63,248)
Net increase (decrease) in cash and cash equivalents (23,852) 3,580 (5,578)
Cash and cash equivalents, beginning of year 60,980 57,400 62,978
Cash and cash equivalents, end of year 37,128 60,980 57,400
Less cash and cash equivalents of discontinued operations, end of year 41,369 41,417
Cash and cash equivalents, end of year 37,128 19,611 15,983
Cash paid (received) during the year for:      
Payment (refund) of federal and state income taxes (367) (220) (67)
Non-cash investing and financing activities:      
Issuance of common stock for vested restricted stock units 1,824 85 559
Fair value of common stock of Century received in the sale of UCP, Inc. 60,044    
Unpaid liability incurred for construction costs $ 388
Distribution of debt and equity securities in satisfaction of deferred compensation liability (including 53,996 and 22,644 shares of treasury stock in 2017 and 2016, respectively) $ 15,709 $ 856