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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net (loss) income $ (1,579,000) $ 515,000 $ 2,912,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 4,551,000 4,549,000 5,090,000
Amortization of premium/discount of marketable securities 298,000 434,000 555,000
Equity in earnings of unconsolidated joint ventures, net (4,227,000) (7,098,000) (6,324,000)
Non-cash retirement plan expense 469,000 1,046,000 997,000
Loss (gain) on sale of real estate/assets 45,000 (1,183,000) (95,000)
Deferred income taxes 66,000 1,939,000 (120,000)
Stock compensation expense 3,552,000 4,585,000 3,757,000
Excess tax benefit of stock-based compensation 107,000 0 0
Distribution of earnings from unconsolidated joint ventures 7,200,000 4,500,000 7,200,000
Changes in operating assets and liabilities:      
Receivables, inventories, prepaids and other assets, net 1,660,000 (1,603,000) 2,733,000
Current liabilities, net (2,312,000) (2,099,000) 263,000
Net cash provided by operating activities 9,830,000 5,585,000 16,968,000
Investing Activities      
Maturities and sales of marketable securities 8,126,000 11,750,000 24,157,000
Funds invested in marketable securities (52,716,000) (5,983,000) (15,574,000)
Real estate and equipment expenditures (21,709,000) (26,380,000) (28,048,000)
Reimbursement proceeds from Communities Facilities District 0 6,155,000 4,971,000
Proceeds from sale of real estate/assets 0 4,616,000 796,000
Investment in unconsolidated joint ventures (310,000) (2,000,000) (52,000)
Distribution of equity from unconsolidated joint ventures 3,114,000 1,600,000 1,100,000
Investments in long-term water assets (4,717,000) 0 0
Other (2,000) 0 (11,000)
Net cash used in investing activities (68,214,000) (10,242,000) (12,661,000)
Financing Activities      
Borrowings of line of credit 13,300,000 20,700,000 17,540,000
Repayments of line of credit (21,000,000) (13,000,000) (24,390,000)
Repayments of long-term debt (3,908,000) (815,000) (244,000)
Net proceeds from rights offering 89,867,000 0 0
Taxes on vested stock grants (1,026,000) (2,900,000) (921,000)
Net cash provided by (used in) provided by financing activities 77,233,000 3,985,000 (8,015,000)
Increase (decrease) in cash and cash equivalents 18,849,000 (672,000) (3,708,000)
Cash and cash equivalents at beginning of year 1,258,000 1,930,000 5,638,000
Cash and cash equivalents at end of year 20,107,000 1,258,000 1,930,000
Supplemental cash flow information      
Non cash capital contribution to unconsolidated joint venture 1,339,000 0 0
Accrued capital expenditures included in current liabilities 814,000 652,000 329,000
Capital expenditure financing arrangement 0 467,000 0
Taxes paid (net of refunds) $ (124,000) $ 1,135,000 $ 1,817,000