Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating Activities
Net (loss) income	$ (1,914)	$ 467
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	2,282	2,810
Amortization of premium/discount of marketable securities	163	255
Equity in earnings of unconsolidated joint ventures	(1,788)	(3,297)
Non-cash retirement plan expense	366	483
Deferred income taxes	48	0
Stock compensation expense	1,694	2,131
Excess tax benefit from stock-based compensation	143	0
Changes in operating assets and liabilities:
Receivables, inventories and other assets, net	(2,867)	(4,939)
Current liabilities	231	(1,607)
Net cash used in operating activities	(1,642)	(3,697)
Investing Activities
Maturities and sales of marketable securities	4,115	3,291
Funds invested in marketable securities	(255)	(3,151)
Real estate and equipment expenditures	(10,943)	(13,266)
Communities Facilities District and other reimbursements	0	4,650
Proceeds from sale of real estate/assets	0	0
Investment in unconsolidated joint ventures	(252)	(55)
Distribution of equity from unconsolidated joint ventures	2,848	600
Investments in long-term water assets	(4,468)	0
Net cash used in investing activities	(8,955)	(7,931)
Financing Activities
Borrowings of short-term debt	12,300	11,000
Repayments of short-term debt	0	0
Repayments of long-term debt	(1,899)	(126)
Taxes on vested stock grants	(540)	(314)
Net cash provided by financing activities	9,861	10,560
Increase (decrease) in cash and cash equivalents	(736)	(1,068)
Cash and cash equivalents at beginning of period	1,258	1,930
Cash and cash equivalents at end of period	522	862
Supplemental cash flow information
Accrued capital expenditures included in current liabilities	(463)	584
Income taxes paid	0	1,350
Non cash capital contribution to unconsolidated joint venture	$ 1,339	$ 0