Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating Activities
Net (loss) income	$ 1,167	$ 3,650
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,672	3,657
Amortization of premium/discount of marketable securities	424	596
Equity in earnings of unconsolidated joint ventures	(4,861)	(3,293)
Non-cash retirement plan expense	761	1,074
Deferred income taxes	989	0
Stock compensation expense	2,914	2,485
Changes in operating assets and liabilities:
Receivables, inventories and other assets, net	(3,572)	(1,395)
Current liabilities	47	(2,017)
Net cash provided by operating activities	1,541	4,757
Investing Activities
Maturities and sales of marketable securities	23,276	12,031
Funds invested in marketable securities	(15,344)	(6,142)
Property and equipment expenditures	(18,968)	(16,953)
Reimbursement proceeds from Communities Facilities District	4,971	0
Investment in unconsolidated joint ventures	(53)	(9,632)
Purchase of interest in TMV LLC	0	(10,000)
Distribution of equity from unconsolidated joint ventures	1,100	0
Investments in long-term water assets	0	(482)
Other	(20)	77
Net cash (used in) provided by investing activities	(5,038)	(31,101)
Financing Activities
Borrowings of short-term debt	17,540	28,200
Repayments of short-term debt	(15,450)	(8,000)
Repayments of long-term debt	(190)	(182)
Taxes on vested stock grants	(529)	(669)
Net cash (used in) provided by financing activities	1,371	19,349
Decrease in cash and cash equivalents	(2,126)	(6,995)
Cash and cash equivalents at beginning of year	5,638	9,031
Cash and cash equivalents at end of period	3,512	2,036
Supplemental cash flow information
Accrued capital expenditures included in current liabilities	(153)	309
Taxes paid	$ 2,153	$ 0