Document and Entity Information (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Feb. 24, 2014	Jun. 30, 2013
Document Documentand Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
Trading Symbol	JOE
Entity Registrant Name	ST JOE CO
Entity Central Index Key	0000745308
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Common Stock, Shares Outstanding		92,313,182
Entity Public Float			$ 786.0

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Investment in real estate	$ 385,009	$ 370,647
Cash and cash equivalents	21,894	165,980
Investments	146,972	0
Notes receivable, net	7,332	3,975
Pledged treasury securities	26,260	26,818
Prepaid pension asset	35,117	33,356
Property and equipment, net of accumulated depreciation of $62.2 million and $61.1 million at December 31, 2013 and December 31, 2012, respectively	11,410	12,149
Deferred tax asset	12,866	11,957
Other assets	22,612	20,639
Total assets	669,472	645,521
LIABILITIES:
Debt	44,217	36,062
Accounts payable	12,083	14,773
Accrued liabilities and deferred credits	49,647	42,352
Total liabilities	105,947	93,187
EQUITY:
Common stock, no par value; 180,000,000 shares authorized; 92,313,182 and 92,302,299 issued at December 31, 2013 and December 31, 2012, respectively; 92,292,913 and 92,285,408 outstanding at December 31, 2013 and December 31, 2012, respectively	892,027	891,798
Accumulated deficit	(325,871)	(330,861)
Accumulated other comprehensive loss	(7,517)	(8,652)
Treasury stock at cost, 20,269 and 16,891 shares held at December 31, 2013 and December 31, 2012, respectively	(285)	(260)
Total stockholders' equity	558,354	552,025
Noncontrolling interest	5,171	309
Total equity	563,525	552,334
Total liabilities and equity	669,472	645,521
Variable Interest Entities
ASSETS
Investment in real estate	28,412	0
Cash and cash equivalents	2,225	2,107
Other assets	321	166
Total assets	30,958	2,273
LIABILITIES:
Debt	6,445	0
Accounts payable	5,766	0
Accrued liabilities and deferred credits	1,925	1,073
Total liabilities	$ 14,136	$ 1,073

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 62,206	$ 61,101
Common stock, par value
Common stock, shares authorized	180,000,000	180,000,000
Common stock, issued	92,313,182	92,302,299
Common stock, outstanding	92,292,913	92,285,408
Treasury stock, shares	20,269	16,891

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:
Real estate sales	$ 45,039	$ 56,012	$ 20,343
Resort, leisure and leasing revenues	50,767	44,407	38,239
Timber sales	35,450	38,977	86,703
Total revenues	131,256	139,396	145,285
Expenses:
Cost of real estate sales	24,277	28,193	11,518
Cost of resort, leisure and leasing revenues	41,109	39,083	37,093
Cost of timber sales	21,527	24,000	22,861
Other operating expenses	12,323	15,321	22,252
Corporate expense, net	17,032	15,941	27,785
Depreciation, depletion and amortization	9,131	10,110	15,840
Impairment losses	5,080	2,551	377,325
Pension charges	0	2,063	5,871
Restructuring Charges	0	0	11,547
Total expenses	130,479	137,262	532,092
Operating income (loss)	777	2,134	(386,807)
Other income:
Investment income, net	1,498	1,219	1,130
Interest expense	(2,040)	(2,820)	(3,921)
Other, net	4,210	5,890	3,725
Total other income	3,668	4,289	934
Income (loss) before equity in income (loss) from unconsolidated affiliates and income taxes	4,445	6,423	(385,873)
Equity income (loss) in from unconsolidated affiliates	112	(46)	(93)
Income tax (expense) benefit	409	(387)	55,658
Net income (loss)	4,966	5,990	(330,308)
Net loss attributable to non-controlling interest	24	22	29
Net income (loss) attributable to the Company	$ 4,990	$ 6,012	$ (330,279)
Basic and Diluted
Weighted average shares outstanding (in shares)	92,285,888	92,258,110	92,235,360
Net income (loss) per share attributable to the Company (in dollars per share)	$ 0.05	$ 0.07	$ (3.58)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 4,966	$ 5,990	$ (330,308)
Other comprehensive income (loss), net of tax:
Net unrealized losses on available-for-sale investments	(2,125)	0	0
Defined benefit pension items:
Prior service cost arising during the period	0	0	(1,597)
Net gain (loss) arising during the period	2,191	(2,485)	(3,558)
Amortization and settlement included in net periodic cost	1,069	1,210	2,274
Amortization of prior service cost included in net periodic cost	0	2,503	1,106
Amortization and settlement related to post retirement medical plan included in net periodic cost	0	0	2,441
Total other comprehensive income (loss), net of tax	1,135	1,228	666
Total comprehensive income (loss)	$ 6,101	$ 7,218	$ (329,642)

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock	Non-controlling Interest
Beginning Balance at Dec. 31, 2010	$ 872,437	$ 935,603	$ 878,498	$ (10,546)	$ (931,431)	$ 313
Beginning Balance (in shares) at Dec. 31, 2010		92,605,435
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(330,308)		(330,279)			(29)
Other comprehensive income (loss)	666			666
Distributions	47					47
Issuance of restricted stock (in shares)		262,120
Issuance of restricted stock	0
Forfeitures of restricted stock (in shares)		(425,078)
Forfeitures of restricted stock	0
Issuance of common stock (in shares)		4,000
Issuance of common stock	100	100
Reduction in excise tax benefits on stock options	(1,897)	(1,897)
Amortization of stock based compensation	7,659	7,659
Retirement of treasury shares	0	(51,151)	(885,092)		936,243
Purchases of treasury shares (in shares)		(179,221)
Purchases of treasury shares	(4,812)				(4,812)
Ending Balance at Dec. 31, 2011	543,892	890,314	(336,873)	(9,880)	0	331
Ending Balance (in shares) at Dec. 31, 2011		92,267,256
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	5,990		6,012			(22)
Other comprehensive income (loss)	1,228			1,228
Issuance of restricted stock (in shares)		59,891
Issuance of restricted stock	976	976
Forfeitures of restricted stock (in shares)		(32,210)
Forfeitures of restricted stock	(108)				(108)
Reduction in excise tax benefits on stock options	477	477
Amortization of stock based compensation	31	31
Treasury shares received in lieu of taxes to be remitted on share award (in shares)		(9,529)
Treasury shares received in lieu of taxes to be remitted on share award	(152)				(152)
Ending Balance at Dec. 31, 2012	552,334	891,798	(330,861)	(8,652)	(260)	309
Ending Balance (in shares) at Dec. 31, 2012		92,285,408
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	4,966		4,990			(24)
Other comprehensive income (loss)	1,135			1,135
Capital contributions from non-controlling interest	4,886					4,886
Issuance of common stock (in shares)		11,898
Issuance of common stock	244	244
Reduction in excise tax benefits on stock options	(18)	(18)
Amortization of stock based compensation	3	3
Treasury shares received in lieu of taxes to be remitted on share award (in shares)		(4,393)
Treasury shares received in lieu of taxes to be remitted on share award	(25)				(25)
Ending Balance at Dec. 31, 2013	$ 563,525	$ 892,027	$ (325,871)	$ (7,517)	$ (285)	$ 5,171
Ending Balance (in shares) at Dec. 31, 2013		92,292,913

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net income (loss)	$ 4,966	$ 5,990	$ (330,308)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation, depletion and amortization	9,131	10,110	15,840
Stock based compensation	247	898	8,452
Pension charges	0	2,063	5,871
Gain on sale and maturity of investments	(93)	0	0
Equity in (income) loss from unconsolidated joint ventures	(112)	46	93
Deferred income tax benefit	(909)	(242)	(53,497)
Impairment losses	5,080	2,551	377,325
Loss on disposal of plant and equipment	47	758	294
(Gain) loss attributed to casualty loss of real estate	(575)	0	998
Cost of operating properties sold	22,022	27,248	10,444
Expenditures for operating properties	(19,165)	(22,920)	(28,296)
Issuance of notes receivable, net	(5,248)	0	(681)
Accretion (income) expense	(793)	564	(424)
Other, net	(173)	0	0
Changes in operating assets and liabilities:
Payments received on notes receivable	1,562	594	1,546
Other assets	(96)	1,083	5,471
Accounts payable and accrued liabilities	(96)	(5,535)	(20,165)
Income taxes payable	538	(167)	(2,802)
Net cash (used in) provided by operating activities	16,333	23,041	(9,839)
Cash flows from investing activities:
Expenditures for Pier Park North joint venture	(19,301)	0	0
Purchases of property and equipment	(3,594)	(475)	(2,426)
Proceeds from the disposition of assets	602	0	328
Purchases of investments	(256,730)	0	0
Maturities of investments	100,000	0	0
Sales of investments	7,725	0	0
Cash receipts from retained interest investments	0	656	0
Contributions to unconsolidated affiliates	(88)	0	(40)
Net cash (used in) provided by investing activities	(171,386)	181	(2,138)
Cash flows from financing activities:
Contribution to Pier Park North joint venture from non-controlling interest	4,886	0	0
Distributions to non-controlling interest partner	0	0	(141)
Distributions to unconsolidated affiliates for repayment of debt	0	0	(4,434)
Borrowings on construction loan in Pier Park joint venture	6,445	0	0
Repayments of long term debt	(321)	(19,958)	(227)
Proceeds from exercise of stock options	0	0	100
Excess excise tax benefits related to stock based compensation	(18)	477	55
Taxes paid on behalf of employees related to stock based compensation	(25)	(152)	(4,812)
Net cash provided by (used in) financing activities	10,967	(19,633)	(9,459)
Net (decrease) increase in cash and cash equivalents	(144,086)	3,589	(21,436)
Cash and cash equivalents at beginning of the period	165,980	162,391	183,827
Cash and cash equivalents at end of the period	21,894	165,980	162,391
Cash paid during the period for:
Interest	2,407	3,072	8,329
Income taxes	(22)	319	1,988
Capitalized interest	6	0	243
Non-cash financing and investment activities:
Net increase (decrease) in Community Development District Debt	2,589	(956)	1,016
(Decrease) increase in pledged treasury securities related to defeased debt	(558)	3,519	(1,982)
Expenditures of operating properties and property and equipment financed	4,497	1,917	1,936
Settlement of note receivable	312	0	0
Non-monetary receipt of real estate from an unconsolidated affiliate	$ 398	$ 0	$ 0

Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Significant Accounting Policies

Basis of Presentation and Principles of Consolidation

The consolidated financial statements include the accounts of the Company and all of its majority-owned and controlled subsidiaries and variable interest entities where the Company is the primary beneficiary. Investments in joint ventures and limited partnerships in which the Company has significant influence, but not a controlling interest are accounted for by the equity method. All significant intercompany transactions and balances have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current period’s presentation.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates and assumptions including investment in real estate, impairment assessments, pension plan asset and obligation, retained interest investments, accruals and deferred taxes. Actual results could differ from those estimates. Impairment analyses of long-lived assets, including real estate investments, are particularly dependent on the projected pricing and capital expenditures as well as estimated holding and selling periods, which are based on management’s current intent for the use and disposition of each property. The fair value estimates of properties used to support measurement of an impairment may be derived either from discounting projected cash flows at an appropriate discount rate, through appraisals, or a combination of both, all of which are subject to estimates.

Revenue Recognition

Revenues consist primarily of real estate sales, resorts, leisure and leasing operations, and timber sales. Taxes collected from customers and remitted to governmental authorities (e.g. sales tax) are excluded from revenues and costs and expenses.

Real estate sales

Revenues from real estate sales, including sales of residential homes and homesites, commercial properties and rural land, are recognized when a sale is closed and title transfers to the buyer, the buyer’s initial investment is adequate, any receivables are probable of collection, the usual risks and rewards of ownership have been transferred to the buyer, and the Company does not have significant continuing involvement with the real estate sold.

The buyer’s minimum initial investment requirement is typically the receipt of cash for approximately twenty to twenty-five percent of the sales value depending on the type and use of the property purchased. If the minimum initial investment requirement is not met revenues may be deferred depending on the circumstances. In addition, revenue is not recognized until title transfers and any consideration received is deferred until title is transferred.

Percentage-of-completion accounting, where revenue is recognized in proportion to the percentage of total costs incurred in relation to estimated total costs, is used for our homesite sales when required development is not complete at the time of sale and for commercial and other land sales if there are uncompleted development costs yet to be incurred for the property sold.

Revenues from lot residuals on homebuilder sales that provide the Company a percentage of the sale price of the completed home if the home price exceeds a negotiated threshold are recognized when received by the Company.

Brokerage fees are recorded as the services are provided.

Resorts, leisure and leasing revenues

Resorts, leisure and leasing revenues include service and rental fees associated with the Company's vacation rental programs in WaterColor Inn, WaterColor, WaterSound Beach and surrounding communities and other resort, golf club, marina and retail/commercial leasing operations. These revenues are generally recognized as services are provided. Vacation rental revenues include the entire rental fee collected from the customer. The amount remitted to the homeowner, less the Company’s commission, is presented in cost of resorts, leisure and leasing operations, since the Company is the primary obligor, establishes the price, and performs the majority of the service provided. Golf membership revenues are recognized when billed to the member and the non-refundable initiation fee is deferred and recognized ratably over the estimated membership period.

Operating revenues also consist of long term rental revenues from retail/commercial leasing operations, which are recognized as earned, using the straight-line method over the life of the lease. Certain leases provide for tenant occupancy during periods for which no rent is due or where minimum rent payments change during the lease term. Accordingly, a receivable or liability is recorded representing the difference between the straight-line rent and the rent that is contractually due from the tenant. Tenant reimbursements are included in rental revenues. Minimum future rents on non-cancelable leases for the next five years are $2.5 million in 2014, $2.3 million in 2015, $2.3 million in 2016, $2.2 million in 2017, and $2.2 million in 2018.

Forestry product sales and timber deed sales

Revenues from sales of forestry products are recognized generally on delivery of the product to the customer. Timber deed sales are agreements in which the buyer agrees to purchase and harvest specified timber (i.e. mature pulpwood and/or sawlogs) on a tract of land over the term of the contract. Unlike a pay-as-cut sales contract, risk of loss and title to the trees transfer to the buyer when the contract is signed. The buyer pays the full purchase price when the contract is signed and the Company does not have any additional performance obligations. Under a timber deed, the buyer or some other third party is responsible for all logging and hauling costs, if any, and the timing of such activity. Revenue from a timber deed sale is recognized when the contract is signed because the earnings process is complete.

In March 2011, the Company entered into a $55.9 million agreement with an investment fund for the sale of timber deeds which gives the investment fund the right to harvest timber on specific tracts of land (encompassing 40,975 acres) over a maximum term of twenty years. Pursuant to the agreement, the Company entered into timber deed conveying ownership of the trees to the buyer but retaining ownership of the underlying land. Concurrently with the execution of the timber deeds, the Company entered into a Thinnings Supply Agreement. Thinning is the initial cutting and removal of smaller trees and undergrowth in an area. Pursuant to the Thinnings Supply Agreement, to the extent that the buyer decides to thin tracks of timber conveyed to it pursuant to the timber deeds, the Company agreed to purchase 85% of the first thinnings (“First Thinnings”). The Company believes that the impact on revenue and net margin in any period during the duration of the Thinnings Supply Agreement will be immaterial.

In 2011, the Company recognized $54.5 million in revenue related to the timber deeds with $1.4 million recorded as an imputed land lease to be recognized over the life of the timber deeds. The Company purchased approximately $0.2 million, $0.9 million and $1.2 million, of First Thinnings during 2013, 2012 and 2011, respectively. As part of the AgReserves Sale, the Thinnings Supply Agreement is expected to be assigned to AgReserves. For further information on the AgReserves Sale, see Note 5, Proposed Sale Transactions.

Comprehensive Income (Loss)

The Company’s comprehensive income (loss) includes amounts due to the changes in the funded status of the Company’s pension plan and unrealized gains and temporary losses on available-for-sale securities. Changes in the funded status of the Company's pension plan are initially recognized in Other comprehensive income (loss) and are typically amortized into net income (loss) over a period of time or recognized at the time of a specific event, such as a curtailment of benefit plan obligations. See Note 17, Employee Benefit Plans.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, bank demand accounts and money market instruments having original maturities at acquisition date of ninety days or less. In addition, cash equivalents include certificates of deposit that are readily convertible to cash.

Investments

Investments consist of available-for-sale securities and are recorded at fair value, which is based on quoted market prices. Unrealized gains and temporary losses on investments, net of tax, are recorded in Other comprehensive income (loss). Realized gains and losses are determined using the specific identification method.

Investments with unrealized losses are evaluated to determine if they experienced an other-than-temporary impairment. This evaluation is based on various factors, including length of time securities were in a loss position, ability and intent to hold investments until unrealized losses are recovered or they mature, investee's industry and amount of the unrealized loss. Based on these factors, the unrealized losses related to the Company's corporate debt securities of $2.2 million were determined to be temporary at December 31, 2013.

Notes Receivable

The Company’s notes receivable are due from customers or homebuilders located within the United States. The Company evaluates the carrying value of notes receivable at each reporting date. Notes receivable balances are adjusted to net realizable value based upon a review of entity specific facts or when terms are modified. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The allowance for doubtful accounts is based on a review of specifically identified accounts in addition to an overall aging analysis. Judgments are made with respect to the collectability of accounts based on historical experience and current economic trends. Actual losses could differ from those estimates.

Investment in Real Estate

The Company capitalizes costs directly associated with development and construction of identified real estate projects. The Company also capitalizes those indirect costs that relate to the projects under development or construction. These indirect costs include construction/development administration, legal fees, capitalized interest, and project administration to the extent that such costs are related to a specific project. Interest is capitalized (up to total interest expense) based on the amount of underlying expenditures and real estate taxes on real estate projects under development.

Real estate inventory costs also include land and common development costs (such as roads, sewers and amenities), capitalized property taxes, capitalized interest and certain indirect costs. A portion of real estate inventory costs and estimates for costs to complete are allocated to each unit based on the relative sales value of each unit as compared to the estimated sales value of the total project. These estimates are reevaluated at least annually and more frequently if warranted by market conditions or other factors, with any adjustments being allocated prospectively to the remaining units available for sale.

The capitalization period relating to direct and indirect project costs is the period in which activities necessary to ready a property for its intended use are in progress. The period begins when such activities commence, typically when the Company begins the entitlement processes for land already owned, and ends when the asset is substantially complete and ready for its intended use. Determination of when construction of a project is substantially complete and ready for its intended use requires judgment. The Company determines when the capitalization period begins and ends through communication with project and other managers responsible for the tracking and oversight of individual projects. In the event that the activities to ready the asset for its intended use are suspended, the capitalization period will cease until such activities are resumed. If the Company determines not to complete a project, any previously capitalized costs are expensed in the period in which the determination is made and recovery is not deemed reasonable. During 2013, the Company has capitalized indirect development costs of $0.7 million, which are primarily related to the consolidated joint venture at Pier Park North. The Company capitalized less than $0.1 million of indirect development costs during 2012 and 2011.

Investment in real estate is carried at cost, net of depreciation and timber depletion, unless circumstances indicate that the carrying value of the assets may not be recoverable. If the Company determines that an impairment exists due to the inability to recover an asset’s carrying value, an impairment charge is recorded to the extent that the carrying value exceeds estimated fair value. If such assets were held for sale, the provision for loss would be recorded to the extent that the carrying value exceeds estimated fair value less costs to sell.

Depreciation is computed on straight-line method over the useful lives of the assets ranging from five to forty years.

Long-Lived Assets

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Long-lived assets include the Company’s investments in operating, development, investment property and property and equipment, net. Some of the events or changes in circumstances that are considered by the Company as indicators of potential impairment include:


•	a prolonged decrease in the fair value or demand for the Company’s properties;


•	a change in the expected use or development plans for the Company’s properties;


•	continuing operating or cash flow losses for an operating property; and,


•	an accumulation of costs in a development property that significantly exceeds its historical basis in property held long-term.

The Company uses varying methods to determine if impairment exists, such as (i) considering indicators of potential impairment, (ii) analyzing expected future cash flows and comparing the expected future undiscounted cash flows of the property to its carrying value or (iii) determining market resale values.

For projects under development, an estimate of undiscounted future cash flows is performed using estimated future expenditures necessary to develop and maintain the existing project and using management’s best estimates about future sales prices and holding periods. The projection of undiscounted cash flows requires that management develop various assumptions including:


•	the projected pace of sales of homesites based on estimated market conditions and the Company’s development plans;


•	estimated pricing and projected price appreciation over time, which can range from 0 to 5% annually;


•	the amount and trajectory of price appreciation over the estimate selling period;


•	the length of the estimated development and selling periods, which can differ depending on the size of the development and the number of phases to be developed;


•	the amount of remaining development costs, including the extent of infrastructure or amenities included in such development costs;


•	holding costs to be incurred over the selling period;


•	for bulk land sales of undeveloped and developed parcels future pricing is based upon estimated developed lot pricing less estimated development costs and estimated developer profit at 20%;


•	for commercial development property, future pricing is based on sales of comparable property in similar markets; and


•	whether liquidity is available to fund continued development.

For operating properties, an estimate of undiscounted cash flows also requires management to make assumptions about the use and disposition of such properties. These assumptions include:


•	for investments in inns and rental condominium units, average occupancy and room rates, revenues from food and beverage and other amenity operations, operating expenses and capital expenditures, and eventual disposition of such properties as private residence vacation units or condominiums, based on current prices for similar units appreciated to the expected sale date;


•	for investments in commercial or retail property, future occupancy and rental rates and the amount of proceeds to be realized upon eventual disposition of such property at a terminal capitalization rate; and,


•	for investments in golf courses, memberships, future rounds and greens fees, operating expenses and capital expenditures, and the amount of proceeds to be realized upon eventual disposition of such properties at a multiple of terminal year cash flows.

Homesites substantially completed and ready for sale are measured at the lower of carrying value or fair value less costs to sell. Management identifies homesites as being substantially completed and ready for sale when the properties are being actively marketed with intent to sell such properties in the near term and under current market conditions. Other homesites for which management does not intend to sell in the near term under current market conditions are evaluated for impairment based on management’s best estimate of the long-term use and eventual disposition of such property.

Other properties that management does not intend to sell in the near term under current market conditions and has the

ability to hold are evaluated for impairment based on management’s best estimate of the long-term use and eventual disposition of the property.

The results of impairment analyses for development and operating properties are particularly dependent on the estimated holding and selling period for each asset group. As a result of the Company’s risk-adjusted investment return criteria, these future holding periods were reduced. As the Company adds new projects and developments, the Company will use specific holding periods for these new projects and developments, which may include longer holding periods.

If a property is considered impaired, the impairment charge is determined by the amount the property's carrying value exceeds its fair value. We use varying methods to determine fair value, such as (i) analyzing expected future cash flows, (ii) determining resale values by market (iii) applying a capitalization rate to net operating income using prevailing rates in a given market or (iv) applying a multiplier to revenue using prevailing rates in a given market. The fair value of a property may be derived either from discounting projected cash flows at an appropriate discount rate (10% to 20%), through appraisals of the underlying property, or a combination thereof.

The Company classifies the assets and liabilities of a long-lived asset as held-for-sale when management approves and commits to a formal plan of sale and it is probable that a sale will be completed. The carrying value of the assets held-for-sale are then recorded at the lower of their carrying value or fair value less estimated costs to sell.

Timber Inventory

The Company estimates its standing timber inventory on an annual basis utilizing a process referred to as a “timber cruise.” Specifically, the Company conducts field observations of the number of trees, tree height and tree diameter on a sample area equal to approximately 20% of our timber holdings each year. To estimate volume in areas that were not subject to field observations in the current year, the Company either uses prior timber cruise data and growth models to estimate the current inventory, or applies current timber cruise data from a portion of its timberlands to areas of similar species, age class and land productivity profile. The key assumptions in this process are annual growth models and volume formulas used to translate height and diameter information to volume measurements. The Company’s timber inventory estimates are updated to account for harvesting activities, timberland acquisitions and divestitures, biological growth, new timber cruise data and natural disturbances (e.g. fire, disease, or weather events), among other factors. Depletion of timber is determined by the units of production method, whereby capitalized timber costs are accumulated and expensed as units are sold.

Property and Equipment, net

Property and equipment, net are stated at cost, net of accumulated depreciation. Major improvements are capitalized while maintenance and repairs are expensed in the period the cost is incurred. Depreciation is computed using the straight-line method over the useful lives of various assets, generally three to thirty years.

Income Taxes

The Company follows the asset and liability method of accounting for deferred income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits in interest expense and penalties in Other income.

In general, a valuation allowance is recorded if based on the weight of available evidence it is more likely than not that some portion or all of the deferred tax asset will not be realized. Realization of the Company’s deferred tax assets is dependent upon the Company generating sufficient taxable income in future years in the appropriate tax jurisdictions to obtain a benefit from the reversal of deductible temporary differences and from loss carryforwards. The Company records a valuation allowance based on the timing of reversal of existing taxable temporary differences and the Company’s history of losses and future expectations of reporting taxable losses, if management does not believe it met the requirements to realize the benefits of certain of its deferred tax assets.

Concentration of Risks and Uncertainties

The Company’s real estate investments are concentrated in the State of Florida, particularly Northwest Florida in a number of specific development projects. Uncertain economic conditions could have an adverse impact on the Company’s real estate values and could cause the Company to sell assets at depressed values in order to pay ongoing expenses.

Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash, cash equivalents, investments, notes receivable, investments in retained interests and pledged securities held as collateral for payment of the in-substance defeased debt. The Company deposits and invests cash with a major financial institution in the United States, which balances exceed the amount of F.D.I.C. insurance provided on such deposits.

RockTenn’s Panama City, Florida mill is the largest consumer of pine pulpwood logs within the immediate area in which most of the Company’s timberlands are located. Under the terms of a supply agreement, RockTenn would be liable for any monetary damages as a result of the closure of the mill due to economic reasons for a period of one year from the date of the closure. Nevertheless, if the RockTenn mill in Panama City were to permanently cease operations, the price for the Company’s pulpwood may decline, and the cost of delivering logs to alternative customers could increase. As part of the AgReserves Sale, the RockTenn supply agreement will be assumed by AgReserves. For further information on the AgReserves Sale, see Note 5, Proposed Sale Transactions.

Earnings (loss) Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) by the average number of common shares outstanding for the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period, including all potentially dilutive shares issuable under outstanding stock options. Stock options are not considered in any diluted earnings per share calculation when the Company has a loss from operations. Non-vested restricted stock is included in outstanding shares at the time of grant. For the three years ended December 31, 2013 basic average shares outstanding were the same as diluted shares outstanding.

Recently Issued Accounting Pronouncement

Income Taxes

In July 2013, FASB determined that an unrecognized tax benefit should be presented as a reduction of a deferred tax asset for a net operating loss carryforwards or other tax credit carryforwards when settlement in this manner is available under applicable tax law. This guidance is effective for the Company’s interim and annual periods beginning January 1, 2014. The Company is currently evaluating the impact of this ASU on the Company’s Consolidated Financial Statements.

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Investment in Real Estate

12 Months Ended

Dec. 31, 2013

Real Estate [Abstract]

Investment in Real Estate

Real estate by property type and segment includes the following:



	December 31, 2013		December 31, 2012
Operating property:
Residential real estate	$	2,071	$	2,792
Resorts, leisure and leasing operations	146,624		152,906
Forestry	57,078		54,984
Rural land	139		139
Other	45		179
Total operating property	205,957		211,000
Development property:
Residential real estate	130,616		133,835
Commercial real estate	57,959		59,851
Resorts, leisure and leasing operations	28,482		351
Rural land	5,768		5,768
Corporate	2,366		2,268
Total development property	225,191		202,073
Investment property:
Commercial real estate	700		700
Resorts, leisure and leasing operations	255		255
Forestry	953		953
Other	3,208		3,216
Total investment property	5,116		5,124
Investment in unconsolidated affiliates⁽¹⁾	2,241		2,222
Total real estate investments	438,505		420,419
Less: Accumulated depreciation	53,496		49,772
Investment in real estate, net	$	385,009	$	370,647

⁽¹⁾ Recorded in the Company’s resorts, leisure and leasing operation's segment.

Operating property includes property that the Company uses for daily operations and activities. The resorts, leisure and leasing operating property include the WaterColor Inn, golf courses and marinas. Also included in resorts, leisure and leasing operating property is property developed by the Company and used for retail and commercial rental purposes. This property may be sold in the future as part of the Company's principal real estate business. Forestry operating property includes the Company’s timberlands.

Development property consists of land the Company is developing or intends to develop for sale or future operations. Residential real estate includes mixed-use resort, primary and seasonal residential communities and includes costs directly associated with the land, development and construction of these communities, including common development costs such as roads, sewers, and amenities and indirect costs such as development overhead, capitalized interest, marketing and project administration. Commercial real estate includes land for commercial and industrial uses, including land holdings near the Northwest Florida Beaches International Airport, and includes costs directly associated with the land and development costs, which also include common development costs such as roads and sewers. Rural land includes land with minimal development costs. Resorts, leisure and leasing development property primarily includes the land and construction under development for the consolidated joint venture at Pier Park North.

Investment property includes the Company’s land held for future use that has not been allocated to a specific project.

Investment in unconsolidated affiliates reflects the Company’s investment in the East San Marco joint venture. See Note 8, Real Estate Joint Ventures.

Depreciation expense related to real estate investments was $5.3 million, $5.9 million, and $7.8 million in 2013, 2012 and 2011, respectively. Depletion expense related to our timber operations was $1.2 million, $1.6 million, and $4.4 million in 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References+ Details

Impairments of Long-lived Assets

12 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Impairments of Long-lived Assets

In 2013, the Company recorded impairment charges of $5.1 million, primarily for a golf course, which incurred negative operating cash flows in 2013 and the future estimated undiscounted cash flows were less than the carrying value of its assets. In addition, during 2013, the Company changed its use of a residential property and wrote the property down to its current fair value less estimated selling costs.

In December 2012, the Company entered into agreement with the Northwest Florida Beaches International Airport, which the Company agreed to cease operating its covered airport parking for a period of seven years, which in turn the Airport released the Company from a twenty-eight years remaining land lease on a different land parcel with approximately $4.2 million of total future payments. As a result of ceasing operations at the covered airport parking the future estimated undiscounted cash flows did not cover the current carrying value of the covered airport parking; thus the Company wrote the covered airport parking facility down to its current fair value based on a current property appraisal and recorded an impairment charge of $2.6 million in 2012.

In January 2012, the Company adopted a real estate investment strategy, which was focused on reducing future capital outlays and employing a risk-adjusted investment return criteria for evaluating its properties and future investments in such properties. Pursuant to this strategy, the Company intended to significantly reduce planned future capital expenditures for infrastructure, amenities, master planned community development and reposition certain assets to encourage increased absorption of such properties in their respective markets. As part of this repositioning, the Company expected properties may be sold in bulk, in undeveloped or developed parcels or at lower price points and over shorter time periods.

In connection with implementing this real estate strategy, which the Company continued in 2012 and 2013, management reassessed its impairment analysis for its investments in real estate using updated assumptions from the strategy change to determine estimated future cash flows on an undiscounted basis. These future cash flows were adjusted to consider the following items:


•	the projected pace of sales of homesites based on estimated market conditions and the Company’s development plans;


•	estimated pricing and projected price appreciation over time, which can range from 0 to 5% annually;


•	the amount and trajectory of price appreciation over the estimate selling period;


•	the length of the estimated development and selling periods, which can differ depending on the size of the development and the number of phases to be developed;


•	the amount of remaining development costs, including the extent of infrastructure or amenities included in such development costs;


•	holding costs to be incurred over the selling period;


•	for bulk land sales of undeveloped and developed parcels future pricing is based upon estimated developed lot pricing less estimated development costs and estimated developer profit at 20%;


•	for commercial development property, future pricing is based on sales of comparable property in similar markets; and


•	whether liquidity is available to fund continued development.

For operating properties, an estimate of undiscounted cash flows requires management to make similar assumptions about the use and eventual disposition of such properties. Some of the significant assumptions that are used to develop the undiscounted cash flows include:


•	for investments in inns and rental condominium units, average occupancy and room rates, revenues from food and beverage and other amenity operations, operating expenses and capital expenditures, and eventual disposition of such properties as private residence vacation units or condominiums, based on current prices for similar units appreciated to the expected sale date;


•	for investments in commercial or retail property, future occupancy and rental rates and the amount of proceeds to be realized upon eventual disposition of such property at a terminal capitalization rate; and,


•	for investments in golf courses, memberships, future rounds and greens fees, operating expenses and capital expenditures, and the amount of proceeds to be realized upon eventual disposition of such properties at a multiple of terminal year cash flows.

Other properties that management does not intend to sell in the near term under current market conditions and has the ability to hold are evaluated for impairment based on management’s best estimate of the long-term use and eventual disposition of the property.

Based on the results of undiscounted cash flow analysis for these projects, the future undiscounted cash flows were not adequate to recover the carrying value of real estate totaling $466.2 million and an impairment was required in 2011. Fair value of these properties was derived primarily through third party appraisals of the underlying projects. As a result, impairment charges of $374.8 million were recorded during the fourth quarter of 2011 to reduce the carrying value of the impaired communities to their estimated fair value of $91.4 million at December 31, 2011. Earlier in 2011, the Company recorded approximately $2.5 million in additional impairment charges on other investments in real estate as a result of triggering events associated with those real estate investments.

Proposed Sale Transactions

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Proposed Sale Transactions

AgReserves Sale

On November 6, 2013, the Company and AgReserves Inc. (“AgReserves”) entered into a purchase and sale agreement (the “AgReserves Sale Agreement”) for the sale of approximately 382,834 acres of land located in Northwest Florida owned by the Company, along with certain other assets and inventory and rights under certain continuing leases and contracts, to AgReserves for $565 million subject to adjustment as set forth in the sale agreement (the “AgReserves Sale”). The acreage to be included in the AgReserves Sale includes substantially all of the Company’s land designated for forestry operations as well as other land (i) that is not utilized in the Company’s residential or commercial real estate segments or its resorts, leisure and leasing segment or (ii) that is not part of Company's development plans. The acreage to be included in the AgReserves Sale is subject to limited adjustments based on title and environmental diligence and casualty events between signing and closing.

AgReserves has delivered a deposit of $37.5 million for the AgReserves Sale and the remaining purchase price is payable at closing in cash or, at the Company's option, a combination of cash and timber notes.

As of December 31, 2013, the carrying amount of the assets and liabilities expected to be included in the AgReserves Sale include the following:



Investment in real estate, net	$	54,668
Property and equipment, net	209
Other assets	1,543
Total assets	$	56,420

Accrued liabilities and deferred credits	$	12,641

The closing of the AgReserves Sale is subject to a number of conditions, including among others: (i) approval by the Company's shareholders (a shareholders’ meeting for this purpose is presently scheduled for March 4, 2014), (ii) the expiration or termination of all waiting periods under regulatory law applicable to the AgReserves Sale, and (iii) the purchase price not being reduced by more than $40 million as a result of any reduced acreage.

The AgReserves Sale Agreement contains certain termination rights, including if it is not completed on or before May 1, 2014 or if the approval of the Company's shareholders is not obtained. If the AgReserves Sale Agreement is terminated under certain circumstances, the Company may be required to pay AgReserves certain fees and expenses, including: (i) a termination fee of approximately $21 million if (a) in certain cases, our shareholders’ do not approve the AgReserves Sale, (b) the Company enters into a definitive transaction agreement providing for the consummation of the transaction contemplated by a Superior Proposal (as defined in the AgReserves Sale Agreement), or (c) the Company's Board makes a Recommendation Change (as defined in the AgReserves Sale Agreement) or fails to recommend that the Company's shareholders approve the AgReserves Sale; or (ii) AgReserves’s transaction costs and expenses which in some cases are limited to $1.5 million. Except in certain limited cases as set forth in the AgReserves Sale Agreement, the Company is required to return the deposit to AgReserves if the AgReserves Sale Agreement is terminated.

RiverTown Sale

On December 31, 2013, the Company entered into a purchase and sale agreement (the “RiverTown Sale Agreement”) with Mattamy (Jacksonville) Partnership d/b/a Mattamy Homes (“Mattamy”) to sell approximately 4,057 acres of real property, which primarily constitutes the RiverTown community in St. Johns County, Florida, along with all of the Company's related development or developer rights, founder’s rights and certain tangible and intangible personal property (collectively the “RiverTown Community”), to Mattamy for $43.6 million subject to adjustments and prorations as set forth in the RiverTown Sale Agreement (the “RiverTown Sale”). The closing is subject to customary real estate closing conditions.

Additionally, pursuant to the RiverTown Sale Agreement, Mattamy will be required to:

(i) purchase certain RiverTown Community related impact fee credits from us following the closing as the RiverTown Community is developed, and

(ii) assume the Company's Rivers Edge CDD obligations.

Based on Mattamy’s current development plans and St. Johns County’s current costs for impact fees, the Company estimates that it may receive $20 million to $26 million for the impact fees over the five-year period following the closing (most of which, the Company could receive at the end of that five-year period). However, the actual additional consideration received for the impact fees, will be based on Mattamy’s actual development of the RiverTown Community, the timing of Mattamy’s development of the RiverTown Community and the cost for impact fees at the time of such development (as determined by St. Johns County’s then current impact fee cost schedule), which are all factors beyond the Company's control. The Company cannot provide any assurance as to the amount or timing of any payments it may receive for the impact fees.

As of December 31, 2013, the carrying amount of the assets and liabilities expected to be included in the RiverTown Sale includes the following:



Investment in real estate, net	$	22,307
Other assets	251
Total assets	22,558
Debt ⁽¹⁾	5,521
Accrued liabilities and deferred credits	293
Net carrying value	$	16,744



(1	)	Only Rivers Edge CDD assessments for platted property have been recorded as a liability. The Company's total outstanding Rivers Edge CDD assessments at December 31, 2013 are $11.1 million.

Mattamy has delivered a refundable deposit of $0.1 million, and the balance of the deposit, $1.9 million, which may at Mattamy’s election be paid in the form of a letter of credit, will be due within three business days of the conclusion of the inspection period. The remaining balance of the purchase price is payable at closing in cash.

The RiverTown Sale Agreement contains certain termination rights, including Mattamy’s right to terminate the RiverTown Sale, in its sole and absolute discretion, at any time before the expiration of the inspection period and receive a full refund of the deposit then paid. Additionally, the RiverTown Sale Agreement provides that the closing shall occur no later than March 30, 2014. Except in certain limited cases as set forth in the RiverTown Sale Agreement, the Company is required to return the deposit to Mattamy if the RiverTown Sale Agreement is terminated.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details

Investments

12 Months Ended

Dec. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Investments

At December 31, 2013 investments classified as available-for-sale securities were as follows:



	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Debt Securities:
U.S. treasury securities	$	124,861	$	88	$	—	$	124,949
Corporate debt securities	24,236		—		2,213		22,023
	$	149,097	$	88	$	2,213	$	146,972

In April 2013, the Company engaged Fairholme Capital Management, L.L.C. (“Fairholme Capital”), to serve as an

investment adviser to the Company. As of December 31, 2013, Fairholme Capital owns approximately 27.1% of the Company's common stock. Mr. Bruce Berkowitz is the Managing Member of Fairholme Capital and the Chairman of the Company's Board of Directors. Fairholme Capital will receive no compensation for their services as the Company's investment advisor.

As of December 31, 2013, pursuant to the terms of the Investment Management Agreement (the “Agreement”) with Fairholme Capital, Fairholme Capital agreed to supervise and direct the investments of an investment account established by the Company in accordance with the investment guidelines and restrictions approved by the Investment Committee of the Company’s Board of Directors, which were set forth in the Agreement. The investment guidelines require that, as of the date of any investment, (i) at least 50% of the investment account to be held in cash, investment grade cash equivalents or U.S. treasury securities, (ii) no more than 50% of the investment account be held in corporate debt securities, which may be investment grade or non-investment grade, and (iii) no more than 10% of the investment account be invested in securities of any one issuer (excluding the U.S. Government). The investment account may not be invested in equity securities. As of December 31, 2013, the investment account included $1.8 million of money market funds (which are classified within cash and cash equivalents), $124.9 million of U.S. treasury securities and $22.0 million of corporate debt securities. The issuers of the corporate debt securities are two national retail chains and are non-investment grade.

Effective February 21, 2014, the Company entered into an Amendment (the “Amendment”) to the Agreement with Fairholme Capital. Pursuant to the Amendment, the Company modified the investment guidelines and restrictions described in the Agreement. As amended, the investment guidelines require that, as of the date of any investment, (i) at least 50% of the investment account will be held in cash or cash equivalents, as defined in the Amendment and (ii) no more than 10% of the investment account will be invested in securities of any one issuer (excluding the U.S. Government). The investment account may not be invested in common stock securities.

At December 31, 2013, there were no U.S. treasury securities with unrealized losses. At December 31, 2013, corporate debt securities with a fair value of $22.0 million had $2.2 million of unrealized losses, net of tax, which were included in Accumulated other comprehensive income for the year ended December 31, 2013.

During the year ended December 31, 2013, realized gains from the sale of available-for-sale securities were $0.1 million and proceeds from the sale of available-for-sale securities were $7.7 million and proceeds from the maturity of available-for-sale securities were $100.0 million (which were primarily reinvested in U.S. treasury securities).

The Company evaluates investments with unrealized losses to determine if they experienced an other-than-temporary impairment. This evaluation is based on various factors, including length of time securities were in a loss position, ability and intent to hold investments until unrealized losses are recovered or maturity, investee's industry and amount of the unrealized loss. Based on these factors, at December 31, 2013, the unrealized losses related to the corporate debt securities of $2.2 million were deemed temporary.

At December 31, 2013, the contractual maturities of investments classified as available-for-sale were as follows:



	Cost		Fair Value
Due in one year or less	$	124,861	$	124,949
Due after one year through five years	24,236		22,023
	$	149,097	$	146,972

Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations.

- Definition

The entire disclosure for investments in certain debt and equity securities.

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+ Details

Financial Instruments and Fair Value Measurements

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Financial Instruments and Fair Value Measurements

Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. A three-tier fair value hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value:

Level 1. Quoted prices in active markets for identical assets or liabilities;

Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3. Unobservable inputs in which there is little or no market data, such as internally-developed valuation models which require the reporting entity to develop its own assumptions.

The financial instruments measured at fair value on a recurring basis at December 31, 2013 were as follows:



	Level 1		Level 2		Level 3		Total Fair Value
Money market funds	$	1,761	$	—	$	—	$	1,761
Debt securities:
U.S. treasury securities	124,949		—		—		124,949
Corporate debt securities	—		22,023		—		22,023
	$	126,710	$	22,023	$	—	$	148,733

Money market funds and short term U.S. treasury securities are measured based on quoted market prices in an active market and categorized within level 1 of the fair value hierarchy.

Corporate debt securities are measured primarily using pricing data from external pricing services that use prices observed for recently executed market transactions. Corporate debt securities are categorized as level 2 financial instruments since their fair values were determined from quoted prices in an inactive market or for similar instruments in an active market.

The Company did not have any financial instruments measured at fair value on a recurring basis at December 31, 2012.

Long-lived Assets

The Company reviews its long lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Homes are measured at lower of carrying value or fair value. The fair value of these homes is determined based upon final sales prices of inventory sold during the period (level 2 inputs) or estimates of selling prices based on current market data (level 3 inputs). Other properties for which management does not intend to sell in the near term or under current market conditions and has the ability to hold are evaluated for impairment based on management’s best estimate of the long-term use and eventual disposition of the property (level 3 inputs). For projects under development, an estimate of future cash flows on an undiscounted basis is performed using estimated future expenditures necessary to maintain and complete the existing project, including infrastructure and amenity costs, and using management’s best estimates about future sales prices, sales volumes, sales velocity and holding periods (level 3 inputs). The estimated length of expected development periods, related economic cycles and inherent uncertainty with respect to these projects such as the impact of changes in development plans including changes in intended use such as whether land is sold in bulk or in individual lots, or is sold in developed or undeveloped condition and the Company’s intent and ability to hold the projects through the development period, could result in changes to these estimates. For operating properties, an estimate of undiscounted cash flows requires management to make similar assumptions about the use and eventual disposition of such properties.

The Company uses varying methods to determine fair value, such as (i) analyzing expected future cash flows, (ii) determining resale values by market, (iii) applying a capitalization rate to net operating income using prevailing rates in a given market or (iv) applying a multiple to revenue using prevailing rates in a given market. The fair value of a property may be derived either from discounting projected cash flows at an appropriate discount rate (10% to 20%), through appraisals of the underlying property, or a combination thereof.

The Company’s assets measured at fair value on a nonrecurring basis are those assets for which the Company has recorded valuation adjustments and impairments during the year. The Company’s non-financial assets measured at fair value on a nonrecurring basis and level 3 inputs are as follows at December 31, 2013 and 2012.



Financial Statement Line	Level 3 Fair Value		Total Impairment Charge		Unobservable Input(s)	Range of Inputs Used
December 31, 2013
Investment in real estate, net	$	2,420	$	4,911	Revenue growth rates	5% - 16%
					Discount rate	14%
					Cap rate	11.8%
Investment in real estate, net	$	722	$	169	Estimated selling price based on market data	$0.7 million - $0.9 million
December 31, 2012
Investment in real estate, net	$	300	$	2,551	Third party appraisal without comparable property sales	$105,000 - $33,000 per acre

One of the Company's golf courses incurred negative operating cash flows in 2013 and the future estimated undiscounted cash flows were less than the carrying value of its operating assets; therefore, the Company recorded an impairment charge of $4.9 million. The fair value of the property was determined by discounting projected cash flows. In addition, during 2013, the Company changed its use of a residential property and wrote the property down to its current fair value less estimated selling costs.

In December 2012, the Company entered into agreement with the Northwest Florida Beaches International Airport, which the Company agreed to cease operating its covered airport parking for a period of seven years, which in turn the Northwest Florida Beaches International Airport released the Company from a twenty-eight year remaining land lease on another parcel with approximately $4.2 million of total future payments. As a result of ceasing operations at the covered airport parking the future estimated undiscounted cash flows did not cover the current carrying value of the covered airport parking; thus the Company wrote the covered airport parking facility down to its current fair value based on a current property appraisal.

Fair Value of Financial Instruments

The Company uses the following methods and assumptions in estimating fair value for financial instruments:

•

The fair values of cash and cash equivalents, accounts payable and accrued liabilities, approximate their carrying values at December 31, 2013 and 2012, due to the short-term nature of these assets and liabilities. These financial instruments would be categorized as level 1. The Company’s notes receivable and debt is at rates that approximate current market rates for these instruments. These financial instruments would be categorized as level 2.


•	The fair value of the Company’s pledged treasury securities is based on quoted market rates.


•	The fair value of the Company’s retained interest investments is based on the present value of the expected future cash flows at the effective yield.

The carrying amount and fair value of the Company’s financial instruments were as follows (the table below excludes financial instruments with carrying values that approximate their fair values):



	December 31, 2013					December 31, 2012
	Carrying value		Fair value		Level	Carrying value		Fair value		Level
Assets
Pledged treasury securities	$	26,260	$	28,465	1	$	26,818	$	30,432	1
Retained interest investments	$	9,639	$	12,827	3	$	9,481	$	12,392	3

Pledged Treasury Securities

In connection with a sale of the Company's office portfolio in 2007, the Company completed an in-substance defeasance of approximately $29.3 million of mortgage debt that was collateralized by one of the commercial buildings. The Company assigned the mortgage debt and deposited sufficient funds with a trustee solely to satisfy the principal and remaining interest obligations on the mortgage debt when due. The interest yield on the pledged securities and the interest expense on the debt are closely related. The transaction did not qualify as an extinguishment of debt, since the Company is responsible if there would be a shortfall in the funds deposited into the trust, which are invested in government backed securities. The trust is not in the Company’s control and the trustee cannot sell the securities prior to maturity.

As such, the government backed securities and the related debt (see Note 11, Debt) remain on the Company’s Consolidated Balance Sheets at December 31, 2013 and December 31, 2012. The government backed securities are recorded as Pledged treasury securities on the Company’s Consolidated Balance Sheets and are classified as held-to-maturity because the Company has both the intent and the ability since it is a contractual obligation of the assuming entity to hold the securities to maturity. Accordingly, the Company has recorded the pledged treasury securities at cost, adjusted for the amortization of the discount.

Retained Interest Investments

During 2008 and 2007, the Company sold 132,055 acres of timberland in exchange for fifteen year installment notes receivable in the aggregate amount of $183.3 million. The installment notes are fully backed by irrevocable letters of credit. The Company contributed the installment notes to bankruptcy remote qualified special purpose entities (the “Entities”).

During 2008 and 2007, the Entities monetized $183.3 million of installment notes by issuing debt securities to third party investors equal to approximately 90% of the value of the installment notes. The Company received approximately $163.0 million in net proceeds during 2008 and 2007. The debt securities are payable solely out of the assets of the Entities and proceeds from the letters of credit. The investors in the Entities have no recourse against the Company for payment of the debt securities or related interest expense. The Entities’ financial position and results of operations are not consolidated in the Company’s financial statements, since the Company is not the primary decision maker with respect to activities that could significantly impact the economic performance of the Entities, nor does the Company perform any service activity related to the Entities.

At the time of monetization the initial retained interest recorded was an estimate based on the present value of future excess cash flows expected to be received over the life of the retained interest, using management’s best estimate of underlying assumptions, including credit risk and discount rates. The Company’s continuing involvement with the Entities is the receipt of the net interest payments and the remaining principal at the end of the installment notes' fifteen year maturity period, in 2022 through 2024.

The Company had a retained interest investment balance of $9.6 million and $9.5 million as of December 31, 2013 and 2012, respectively, recorded in Other assets on the Company’s Consolidated Balance Sheets. The Company has classified its retained interest investment as held-to-maturity because the Company has both the intent and the ability to hold its interest in the Entities to maturity. Accordingly, the Company has recorded the retained interest investment at cost, adjusted for the accretion of investment income over the life of the retained interest using the effective yield method with rates ranging from 3.7% - 12.5%. The Company continues to update the expectation of cash flows to be collected over the term of the retained interest. Changes to the previously projected cash flows are accounted for prospectively, unless based on management’s assessment of current information and events, it is determined that there is an other-than-temporary impairment. The Company has not recorded an other-than-temporary impairment related to its retained interest investments during the years ended December 31, 2013 and 2012.

In the event of a failure and liquidation of the counterparties involved in the installment sales, the Company could be required to write-off the remaining retained interest recorded on its Consolidated Balance Sheets in connection with the installment sale monetization transactions.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

Real Estate Joint Ventures

12 Months Ended

Dec. 31, 2013

Real Estate Joint Ventures [Abstract]

Real Estate Joint Ventures

The Company enters into real estate joint ventures for the purpose of developing real estate in which the Company may or may not have a controlling financial interest. GAAP requires consolidation of variable interest entities (“VIE”) in which an enterprise has a controlling financial interest and is the primary beneficiary. A controlling financial interest will have both of the following characteristics: (a) the power to direct the VIE activities that most significantly impact economic performance and (b) the obligation to absorb the VIE losses and right to receive benefits that are significant to the VIE. The Company examines specific criteria and uses judgment when determining whether the Company is the primary beneficiary and must consolidate a VIE. The Company continues to assess whether it is the primary beneficiary on an ongoing basis.

Consolidated VIEs

During 2012, the Company entered into a joint venture agreement with a partner to develop a retail lifestyle center at Pier Park North. The Company and its partner have contributed total cash of approximately $14.4 million to the joint venture, of which the Company contributed $9.5 million, or 66%, and the Company’s partner contributed $4.9 million, or 34%, as of December 31, 2013. Additionally, during 2013 the Company contributed land with an agreed upon value of $6.0 million to the joint venture. During 2013, the Company received a cash distribution of $2.3 million as the result of a sale of a portion of the property in the joint venture.

In February 2013, the joint venture entered into a $41.0 million construction loan agreement that matures in February 2016 with the possibility of an option for a two year extension. The construction loan required capital contributions from the partners as specified in the construction loan agreement before amounts under the construction loan can be disbursed, which were met in 2013. As of December 31, 2013, $6.4 million was outstanding on the construction loan. Pursuant to the construction loan the Company has provided the following: (i) a completion guarantee until substantial completion; (ii) a principal repayment guarantee limited to 33% of the outstanding balance of the loan; (iii) a guarantee covering, among other things, operating deficits and accrued and unpaid interest; and (iv) customary non-recourse covenants covering items like misrepresentations, misappropriation of funds and fraud. In addition, pursuant to the construction loan the Company has agreed to maintain minimum liquidity of $25 million, which is defined as unencumbered and unrestricted cash, cash equivalents or U.S. treasuries and net worth of $350 million, which is defined as total assets less the Company’s direct liabilities.

As of December 31, 2013, the Company's capital account represents over 73% of the total equity in the joint venture. In addition, the Company and its partner have provided the above guarantee on the VIE’s construction loan. In accordance with the joint venture agreement, the first $6.0 million of cash distributions and profits will be made to the Company and subsequent cash distributions and profits and losses will be allocated 66% and 34% to the Company and its partner, respectively. The Company’s partner is responsible for the day-to-day activities; however, the Company has significant involvement in the design of the related development plan and approves all major decisions including the project development and annual budgets. The Company has evaluated the VIE consolidation requirements with respect to this transaction and has determined that the Company is the primary beneficiary as the Company has both the power to direct the activities that most significantly impact the VIE’s economic performance and the obligation to absorb losses and the right to receive benefits that are significant to the VIE; therefore, the results of the VIE have been consolidated within the financial results of the Company.

In addition, the Company is the primary beneficiary of another real estate joint venture, Artisan Park, L.L.C, that is consolidated within the financial results of the Company. The Company is entitled to 74% of the profits or losses of this VIE and is responsible for the day-to-day activities of the joint venture. The Company has determined that the Company is the primary beneficiary as it has both the power to direct the activities that most significantly impact the joint venture's economic performance and the obligation to absorb losses and the right to receive benefits that could potentially be significant to the VIE; therefore, the results of the VIE have been consolidated within the financial results of the Company. If it is determined by the joint venture’s executive committee that an additional capital contribution is needed, the partners shall be afforded the right, but shall not have the obligation, to make a capital contribution based on the partner’s respective percentage interest.

As of December 31, 2013 and 2012, the carrying amounts of the VIEs’ assets that are consolidated were $31.0 million and non-recourse liabilities $14.1 million, including debt, which the Company has a principal repayment guarantee limited to 33% of the outstanding balance. The VIEs’ assets can only be used to settle obligations of that VIE. Those assets are owned by, and those liabilities are obligations of, the VIEs, and not the Company, except for the debt principal repayment guarantee.

Unconsolidated VIEs

As of December 31, 2013, the Company is a partner in the following two real estate joint ventures that are accounted for using the equity method: East San Marco L.L.C. (“ESM”) and ALP Liquidating Trust (“APL”). These joint ventures were entered into to develop and sell certain mixed use residential and commercial projects. The Company has evaluated the VIE consolidation requirements with respect to these joint ventures and has determined that the Company is not the primary beneficiary, since the Company does not have the power to direct the activities that most significantly impact the economic performance of the VIE or the control is shared equally with the other partner. The Company’s maximum exposure to losses in these unconsolidated VIEs is generally limited to its investment in the joint venture. If it is reasonably determined that an additional capital contribution is needed, the partners shall be afforded the right, but shall not have the obligation, to make a capital contribution based on the partner’s respective percentage interest. The Company’s investments in unconsolidated joint ventures are recorded in real estate investments and were $2.2 million at December 31, 2013 and 2012.

In 2013, the Company entered into an agreement to sell its 50% ownership in ESM to its joint venture partner for $2.3 million subject to certain adjustments and prorations. The closing of the sale of the Company's joint ventures interest is subject to certain conditions, including the closing of ESM's pending property sale to a third party.

Summarized financial information for the unconsolidated investments on a combined basis is as follows:



	December 31, 2013		December 31, 2012
BALANCE SHEETS:
Investment in real estate	$	12,124	$	12,381
Cash and cash equivalents	16,897		18,523
Other assets	72		130
Total assets	$	29,093	$	31,034

Accounts payable and other liabilities	$	159	$	761
Equity⁽¹⁾	28,934		30,273
Total liabilities and equity	$	29,093	$	31,034

(1) The majority of the equity in unconsolidated investments relates to APL. In 2008, the Company wrote-off its investment in APL as a result of APL reserving its assets to satisfy potential claims and obligations in accordance with its publicly reported liquidation basis of accounting. Subsequently, APL changed its method of accounting to a going concern basis and reinstated its equity and stated it would report certain expenses as they are incurred. The Company has not recorded any additional equity income as a result of the APL’s change in accounting.



	2013		2012		2011
STATEMENTS OF OPERATIONS:
Total expenses, net	$	1,014	$	1,042	$	1,031
Net loss	$	1,014	$	1,042	$	1,031

Notes Receivable, net

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Notes Receivable, net

Notes receivable, net consists of the following:



	December 31, 2013		December 31, 2012
Pier Park Community Development District notes, non-interest bearing, due December 2024, net of unamortized discount of $0.1 million, effective rates 5.73% — 8.0%	$	2,623	$	2,758
Interest bearing homebuilder notes, secured by the real estate sold — 4.0% interest rate, annual principal payments of $0.3 million, any remaining payments outstanding are due February and August 2015, net of deferred profit of $0.7 million at December 31, 2013	4,062		—
Various mortgage notes, secured by certain real estate bearing interest at various rates	647		1,217
Total notes receivable, net	$	7,332	$	3,975

The Company evaluates the carrying value of the notes receivable and the need for an allowance for doubtful notes receivable at each reporting date. As of December 31, 2013, the Company has mortgage notes receivables for $4.1 million, net of deferred profit, from one homebuilder that is secured by the real estate sold.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References+ Details

Property and Equipment, net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and equipment, net consists of the following:



	December 31, 2013		December 31, 2012		Estimated Useful Life (in years)
Railroad and equipment	$	33,627	$	33,627	15-30
Machinery and equipment	18,714		18,618		3-10
Office equipment	19,154		18,909		3-10
Autos and trucks	1,600		1,726		3-10
	73,095		72,880
Less: Accumulated depreciation	62,206		61,101
	10,889		11,779
Construction in progress	521		370
Total property and equipment, net	$	11,410	$	12,149

Depreciation expense on property and equipment was $2.5 million in 2013, $2.4 million in 2012 and $2.8 million in 2011.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Debt

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Debt

Debt consists of the following:



	December 31, 2013		December 31, 2012
In-substance defeased debt, interest payable monthly at 5.62% at December 31, 2013 and December 31, 2012, secured and paid by pledged treasury securities, due October 1, 2015	$	26,260	$	26,818
Community Development District debt, secured by certain real estate and standby note purchase agreements, due May 2016 — May 2039, bearing interest at 5.25% to 7.15% at December 31, 2013 and December 31, 2012	11,512		9,244
Construction loan in the Pier Park North joint venture, due February 2016, bearing interest at LIBOR plus 210 basis points, or 2.27% at December 31, 2013	6,445		—
Total debt	$	44,217	$	36,062

In connection with the sale of the Company’s office building portfolio in 2007, the Company completed an in-substance defeasance of debt of approximately $29.3 million of mortgage debt, which has a final balloon payment in 2015. The Company assigned the mortgage debt and deposited sufficient funds with a trustee solely to satisfy the principal and remaining interest obligations on the mortgage debt when due. The indebtedness remains on the Company’s Consolidated Balance Sheets at December 31, 2013 and 2012 since the transaction was not considered to be an extinguishment of debt because the Company is liable if, for any reason, the government securities are insufficient to repay the debt.

Community Development District (“CDD”) bonds financed the construction of infrastructure improvements at several of the Company’s projects. The principal and interest payments on the bonds are paid by assessments on, or from sales proceeds of, the properties benefited by the improvements financed by the bonds. The Company has recorded a liability for CDD assessments that are associated with platted property, which is the point at which the assessments become fixed or determinable. Additionally, the Company has recorded a liability for the balance of the CDD assessment that is associated with unplatted property if it is probable and reasonably estimable that the Company will ultimately be responsible for repaying. The Company has recorded debt of $11.5 million and $9.2 million related to CDD assessments as of December 31, 2013 and 2012, respectively. The Company's total outstanding CDD assessments were $34.1 million and $34.8 million at December 31, 2013 and 2012, respectively.

In February 2013, the Company's Pier Park North joint venture entered into a construction loan agreement for $41.0 million that matures in February 2016 with the possibility of an option for a two year extension. The construction loan required capital contributions from the partners as specified in the construction loan agreement before amounts under the construction loan can be disbursed, which were met in 2013. As of December 31, 2013, $6.4 million was outstanding on the construction loan. Pursuant to the construction loan the Company has provided the following: (i) a completion guarantee until substantial completion; (ii) a principal repayment guarantee limited to 33% of the outstanding balance of the loan; (iii) a guarantee covering, among other things, operating deficits and accrued and unpaid interest; and (iv) customary non-recourse covenants covering items like misrepresentations, misappropriation of funds and fraud. In addition, pursuant to the construction loan the Company has agreed to maintain minimum liquidity of $25 million, which is defined as unencumbered and unrestricted cash, cash equivalents or U.S. treasury securities and net worth of $350 million, which is defined as total assets less the Company’s direct liabilities.

The aggregate maturities of debt subsequent to December 31, 2013 are^(a):



	December 31, 2013
2014	$	663
2015	25,748
2016	6,529
2017	90
2018	97
Thereafter	11,090
	$	44,217



(a)	Includes debt defeased in connection with the sale of the Company’s office portfolio in the amount of $26.3 million.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Income Taxes

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income tax benefit (expense) for the years ended December 31, 2013, 2012, and 2011 consist of the following:



	2013			2012		2011
Current:
Federal	$	349		$	34	$	(2,091	)
State	169			118		(70		)
Total	518			152		(2,161		)
Deferred:
Federal	(366		)	196		(52,450		)
State	(561		)	39		(1,047		)
Total	(927		)	235		(53,497		)
Income tax (benefit) expense	$	(409	)	$	387	$	(55,658	)

Total income tax expense (benefit) for the years ended December 31, 2013, 2012, and 2011 was allocated in the consolidated financial statements as follows:



	2013			2012		2011
Income tax (benefit) expense	$	(409	)	$	387	$	(55,658	)
Tax benefits recorded on Consolidated Statement of Changes in Equity:
Excess tax expense on stock-based compensation	—			—		907
Deferred tax expense on accumulated other comprehensive income	—			—		7,888
Total	—			—		8,795
Total income tax (benefit) expense	$	(409	)	$	387	$	(46,863	)

Income tax expense (benefit) attributable to income from operations differed from the amount computed by applying the statutory federal income tax rate of 35% to pre-tax income as a result of the following:



	2013			2012			2011
Tax at the statutory federal rate	$	1,603		$	2,240		$	(135,078	)
State income taxes (net of federal benefit)	160			224			(13,508		)
Increase (decrease) in valuation allowance	(2,218		)	(2,870		)	94,505
Real estate investment trust income exclusion	—			—			(1,468		)
Other	46			793			(109		)
Total income tax (benefit) expense	$	(409	)	$	387		$	(55,658	)

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of December 31, 2013 and 2012 are presented below:



	2013			2012
Deferred tax assets:
Federal net operating carryforwards	$	26,884		$	29,222
State net operating loss carryforwards	20,759			20,888
Impairment losses	151,050			150,514
Prepaid income from land sales	10,210			10,262
Other	4,697			4,968
Total gross deferred tax assets	213,600			215,854
Valuation allowance	(93,058		)	(95,276		)
Total net deferred tax assets	120,542			120,578
Deferred tax liabilities:
Investment in real estate and property and equipment basis differences	1,726			2,055
Deferred gain on land sales and involuntary conversions	31,385			32,255
Prepaid pension asset	15,596			16,173
Installment sale	58,969			58,138
Total gross deferred tax liabilities	107,676			108,621
Net deferred tax asset	$	12,866		$	11,957

At December 31, 2013, the Company had a federal net operating loss carryforwards of $76.8 million and a state net operating loss carryforwards of $593.1 million. At December 31, 2012, the Company had a federal net operating loss carryforwards of $83.5 million and a state net operating loss carryforwards of $596.8 million. These net operating losses are available to offset future taxable income through 2031.

In general, a valuation allowance is recorded if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax asset will not be realized. Realization of the Company’s deferred tax assets is dependent upon the Company generating sufficient taxable income in future years in the appropriate tax jurisdictions to obtain a benefit from the reversal of deductible temporary differences and from loss carryforwards. Based on the timing of reversal of future taxable amounts and the Company’s history of losses, management does not believe it met the requirements to realize the benefits of certain of its deferred tax assets; therefore, the Company has maintained a valuation allowance. During 2013, the valuation allowance has decreased by $2.2 million primarily as a result of taxable income in 2013. The valuation allowance was $93.1 million at December 31, 2013 and $95.3 million at December 31, 2012.

Included in other deferred tax assets is a valuation allowance to offset the deferred tax component recognized in Accumulated other comprehensive loss of $2.1 million and $3.0 million at December 31, 2013 and December 31, 2012, respectively.

At December 31, 2013 and 2012, the Company had a valuation allowance of $8.4 million and $9.6 million, respectively related to state net operating losses and charitable contribution carryforwards.

The Company had approximately $1.7 million of total unrecognized tax benefits as of December 31, 2013 and 2012, respectively. Of this total, there are no amounts of unrecognized tax benefits that, if recognized, would affect the effective income tax rate. There were no decreases or increases related to prior year or current year tax positions. There were no penalties required to be accrued at December 31, 2013 and 2012. The Company recognizes interest and/or penalties related to income tax matters in income tax (expense) benefit.

The IRS completed the examination of the Company’s tax returns for 2007, 2008, 2009 and 2011 without adjustment.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Restructuring

12 Months Ended

Dec. 31, 2013

Restructuring and Related Activities [Abstract]

Restructuring

In February 2011, the Company entered into a Separation Agreement with Wm. Britton Greene in connection with his resignation as President, Chief Executive Officer and director of the Company. In April 2011, the Company entered into separation agreements with four additional members of senior management. Additionally, certain other employees were terminated pursuant to the Company’s 2011 restructuring program. In connection with these terminations, the Company expensed $10.9 million during 2011. During 2010, the Company relocated its corporate headquarters from Jacksonville, Florida to WaterSound, Florida. The Company also consolidated other existing offices from Tallahassee, Port St. Joe and Walton County into the WaterSound location.

Termination benefits are comprised of severance-related payments for all employees terminated in connection with the restructuring. Restructuring programs commencing in prior periods were substantially complete at the beginning of 2012, and the Company did not introduce any new programs during 2013 or 2012. A summary of the charges incurred and reserves recorded in connection with the restructuring and relocation programs by segment during 2012 and 2011 as follows:



	Balance at December 31, 2011		Costs Accrued (Adjustments)			Payments		Balance at December 31, 2012		Cumulative Charges
2011 and prior restructuring and relocation programs
Residential real estate	$	341	$	(24	)	$	317	$	—	$	20,153
Commercial real estate	186		(186		)	—		—		2,818
Rural land	149		(145		)	4		—		2,617
Forestry	—		—			—		—		571
Corporate and other	114		355			424		45		22,556
Total	$	790	$	—		$	745	$	45	$	48,715



	Balance at December 31, 2010		Cost Accrued (Adjustments)		Payments		Balance at December 31, 2011
2011 restructuring and relocation programs
Residential real estate	$	239	$	699	$	597	$	341
Commercial real estate	9		1,657		1,480		186
Rural land	36		196		83		149
Forestry	19		77		96		—
Corporate and other	657		8,922		9,465		114
Total	$	960	$	11,551	$	11,721	$	790

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details

Stock Repurchase Program	12 Months Ended
Stock Repurchase Program	Dec. 31, 2013
Equity [Abstract]
Stock Repurchase Program	Stock Repurchase Program Through December 31, 2011, the Board of Directors had authorized a total of $950.0 million for the repurchase from time to time of outstanding common stock from shareholders (the “Stock Repurchase Program”). A total of approximately $846.2 million had been expended in the Stock Repurchase Program from its inception through December 31, 2013. There is no expiration date on the Stock Repurchase Program. The Company has repurchased from shareholders 27,945,611 shares and executives surrendered a total of 2,651,238 shares as payment for strike prices and taxes due on exercised stock options and on vested restricted stock units, for a total of 30,596,849 acquired shares from inception of the Stock Repurchase Program through December 31, 2013. During 2013, 2012 and 2011, executives surrendered 3,378, 9,529 and 179,221 shares, respectively, as payment for strike prices and taxes due on exercised stock options and vested restricted stock. On December 31, 2011, the Company canceled and retired 30,497,699 shares of treasury stock resulting in an allocation based upon weighted average issuance price which reduced common stock by $51.1 million and retained earnings by $885.1 million.

Stock-Based Compensation

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock Options and Restricted Stock

The Company previously offered a stock incentive plan whereby awards were granted to certain employees and non-employee directors of the Company in various forms including restricted shares of Company common stock and options to purchase Company common stock. Awards were discretionary and were determined by the Compensation Committee of the Board of Directors. Awards vested based upon service conditions. Option and share awards provided for accelerated vesting if there was a change in control (as defined in the award agreements). Non-vested restricted shares generally vested over requisite service periods of 4 years and were considered to be outstanding shares, beginning on the date of each grant. Stock option awards were granted with an exercise price equal to market price of the Company’s stock on the date of grant. No stock options were granted in 2013, 2012 or 2011. As of December 31, 2013, 1.5 million shares remained available for issuance under the 2009 Equity Incentive Plan.

The changes to the composition of the Company’s board of directors which occurred during the first quarter of 2011 constituted a “change in control event” under the terms of certain of the Company’s incentive plans. As a result, the Company accelerated the vesting of approximately 300,000 restricted stock units resulting in $6.2 million in accelerated stock compensation expense recognized in the first quarter of 2011.

Stock-based compensation cost is measured at the grant date based on the fair value of the award and is typically recognized as expense on a straight-line basis over the requisite service period, which is the vesting period. Upon exercise of stock options or vesting of restricted stock, the Company will issue new common stock.

Total stock-based compensation recorded in Corporate expense, net, on the Consolidated Statements of Operations for the three years ended December 31, 2013 is as follows:



	2013		2012			2011
Stock compensation expense before tax benefit	$	247	$	998		$	8,452
Income tax benefit	—		(384		)	(3,254		)
	$	247	$	614		$	5,198

The following table sets forth the summary of option activity outstanding under the stock option program for 2013:



	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value ($000)
Balance at December 31, 2012	105,100	$	52.96	3.7	—
Forfeited or expired	5,325	$	30.30	—	—
Balance at December 31, 2013	99,775	$	54.15	2.9	—
Vested or expected to vest at December 31, 2013	99,775	$	54.15	2.9	—
Exercisable at December 31, 2013	99,775	$	54.15	2.9	—

The total intrinsic value of options exercised during 2011 was less than $0.1 million. The intrinsic value is calculated as the difference between the market value as of the exercise date and the exercise price of the shares. Shares of Company stock issued upon the exercise of stock options in 2011 were 4,000. No options were exercised during 2013 or 2012.

Cash received for strike prices from options exercised under stock-based payment arrangements for 2011 was $0.1 million. The actual tax benefit realized for the tax deductions from options exercised under stock-based arrangements were zero for 2011.

The following table sets forth the summary of restricted stock unit activity outstanding under the restricted stock unit program for 2013:



Nonvested Service Based Restricted Stock Units	Number of Units	Weighted Average Grant Date Fair Value
Balance at December 31, 2012	11,387	$	21.52
Granted	11,898	$	20.49
Vested	23,285	$	21.52
Balance at December 31, 2013	—	$	—

The weighted average grant date fair value of restricted stock units during 2013, 2012 and 2011 was $20.49, $16.30 and $28.01, respectively. In 2013, less than 0.1 million of vested restricted stock awards were granted to certain of the Company’s directors as fees for services rendered.

The total fair values of restricted stock units and stock options which vested during 2013, 2012 and 2011 were $0.5 million, $1.5 million and $9.7 million, respectively.

Market Condition Grants

From time to time the Company has granted to select executives and other key employees restricted stock units whose vesting is based upon the achievement of certain market conditions, which are defined as the Company’s total shareholder return as compared to the total shareholder return of certain peer groups during a three year performance period. The Company used a Monte Carlo simulation pricing model to determine the fair value of its market condition awards. The determination of the fair value of market condition-based awards was affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the requisite performance term of the awards, the relative performance of the Company’s stock price and shareholder returns compared to those companies in its peer groups and a risk-free interest rate assumption. Compensation cost is recognized regardless of the achievement of the market condition, provided the requisite service period is met.

At December 31, 2011, there were 23,192 restricted stock units granted with market conditions outstanding with a weighted average grant date fair value of $15.69 that vested, forfeited or were canceled in the first quarter of 2012.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

Employee Benefit Plan

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plan

Employee Benefit Plans

The Company sponsors a cash balance defined benefit pension plan that covers substantially all of its salaried employees (the “Pension Plan”). Amounts credited to employee accounts in the Pension Plan are based on the employees’ years of service and compensation. The Company complies with the minimum funding requirements of ERISA.

In November 2012, the Board of Directors approved the termination of the Company’s Pension Plan. In March 2013, the Pension Plan was frozen until the final regulatory approvals are received and the Pension Plan’s assets will be distributed and used to pay excise taxes with any remaining assets to revert back to the Company. The Company recognized a curtailment change of $2.1 million in the Company’s Consolidated Statement of Operations in 2012 as a result of the termination. Upon settlement, the Company expects to recognize further estimated losses that will significantly affect the Company’s Consolidated Statement of Operations once the final regulatory approvals are received and the Pension Plan assets are distributed, which we expect to occur in 2014 or 2015. However, the Company cannot provide any assurance as to the timing of these matters.

The Company incurred settlement losses of $0.7 million and $1.2 million in 2013 and 2012, respectively, related to cash distributions made to certain participants. In 2011, $5.9 million of the settlement losses and curtailment charges recognized were for certain participants and related to the Company's reduced employment levels in connection with its restructurings.

Obligations and Funded Status

Change in projected benefit obligation and plan assets:



	2013			2012
Projected benefit obligation, beginning of year	$	26,741		$	25,828
Service cost	225			889
Interest cost	653			712
Actuarial (gain) loss	(888		)	3,059
Benefits paid	(101		)	(29		)
Settlement loss	(3,099		)	(3,718		)
Projected benefit obligation, end of year	$	23,531		$	26,741

Fair value of assets, beginning of year	$	60,097		$	60,953
Actual return on assets	2,378			3,543
Settlements	(3,099		)	(3,718		)
Benefits and expenses paid	(728		)	(681		)
Fair value of assets, end of year	$	58,648		$	60,097

Funded status at end of year	$	35,117		$	33,356

Ratio of plan assets to projected benefit obligation	249		%	225		%

The Company has recorded a prepaid pension asset of $35.1 million and $33.4 million at December 31, 2013 and 2012, respectively. The accumulated benefit obligation of the Pension Plan was $23.5 million and $26.7 million at December 31, 2013 and 2012 respectively.

A summary of the net periodic pension cost and other amounts recognized in other comprehensive income (loss) are as follows:



	2013			2012			2011
Service cost	$	225		$	889		$	3,059
Interest cost	653			712			1,225
Expected return on assets	(443		)	(2,315		)	(3,038		)
Amortization of prior service costs	—			440			649
Amortization of loss	326			48			—
Settlement charges	739			1,162			3,698
One-time charge in connection with an increase in benefits for certain participants	—			—			1,401
Curtailment charge	—			2,063			2,173
Net periodic pension cost	$	1,500		$	2,999		$	9,167
Other changes in plan assets and obligations recognized in Other comprehensive income:
Prior service cost	—			(2,503		)	(769		)
(Gain) loss	(3,260		)	1,275			(2,531		)
Total other comprehensive income	(3,260		)	(1,228		)	(3,300		)
Total net periodic pension cost and other comprehensive income (loss)	$	(1,760	)	$	1,771		$	5,867

Actuarial loss amounts not yet reflected in net periodic pension cost and included in accumulated other comprehensive loss are $5.4 million and $8.7 million at December 31, 2013 and 2012, respectively. The estimated amount of the actuarial loss that will be amortized from accumulated other comprehensive income into net periodic pension cost is $0.5 million in 2014.

Assumptions

Assumptions used to develop end of period benefit obligations:



	2013		2012
Discount rate	4.37	%	3.27	%
Rate of compensation increase	N/A		N/A

Assumptions used to develop net periodic pension cost:



	December 31, 2013	December 31, 2012	December 31, 2011
Discount rate	4.37%	3.50%	4.59%
Expected long term rate on plan assets	—%	4.75%	5.00%
Rate of compensation increase	N/A	N/A	3.75%

To develop the expected long-term rate of return on assets assumption, the Company considered the current level of expected returns on risk free investments (primarily government bonds), the historical level of the risk premium associated with the other asset classes in which the portfolio is invested and the expectations for future returns of each asset class. The expected return for each asset class was then weighted based on the target asset allocation to develop the expected long-term rate of return on assets assumption for the portfolio. This resulted in the selection of the 0.0%, 4.75% and 5.00% assumption in 2013, 2012 and 2011, respectively.

Plan Assets

During 2013, the Pension Plan transferred the majority of its investments held in plan assets to U.S treasury securities to maintain the Pension Plan asset balance. Prior to the termination of the Pension Plan, the Company’s investment policy was to maintain over the long-term life of the Pension Plan, an adequate pool of assets to support the benefit obligations to participants, retirees and beneficiaries. In meeting this objective, the Pension Plan sought the opportunity to achieve an adequate return to fund the obligations in a manner consistent with the fiduciary standards of ERISA and with a prudent level of diversification. Specifically, these objectives included the desire to:


•	invest assets in a manner such that contributions remain within a reasonable range and future assets are available to fund liabilities;


•	maintain liquidity sufficient to pay current benefits when due; and


•	diversify, over time, among asset classes so assets earn a reasonable return with acceptable risk of capital loss.

The Company’s overall investment strategy was to achieve a range of 65-95% fixed income investments and 5% -35% equity type investments.

Following is a description of the valuation methodologies used for assets measured at fair value at December 31, 2013 and 2012.

U.S. treasury securities: Valued based on quoted market prices in an active market.

Common/collective trusts: Valued based on information reported by the investment advisor using the financial statements of the collective trusts at year end.

Mutual funds and money market funds : Valued at the net asset value of shares held by the Pension Plan.

Other: The other investment consists of a royalty investment for which there is no quoted market price. The fair value of the royalty investment is estimated based on the present value of future cash flows, using management’s best estimate of key assumptions, including historical cash receipts and discount rates.

The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following tables sets forth by level within the fair value hierarchy:

Assets at Fair Value as of December 31, 2013



Asset Category:	Level 1		Level 2		Level 3		Total
Cash	$	115	$	—	$	—	$	115
Money market funds	697		—		—		697
U.S. treasury securities	57,836		—		—		57,836
Total	$	58,648	$	—	$	—	$	58,648

Assets at Fair Value as of December 31, 2012



Asset Category:	Level 1		Level 2		Level 3		Total
Common/collective trusts ^(a)	$	—	$	34,936	$	—	$	34,936
Mutual funds ^(b)	—		23,756		—		23,756
Money market funds	478		—		—		478
Other	—		—		927		927
Total	$	478	$	58,692	$	927	$	60,097



(a)	Common/collective trusts invest in 67% U.S. short maturity fixed income investments, 25% U. S. large cap equities and 8% international equities.
(b)	One hundred percent of mutual funds invest in a short term fixed income fund.

The following table sets forth a summary of changes in the fair value of the Plan’s level 3 assets for the year ended December 31, 2013 and 2012:



	2013			2012
Balance, beginning of year	$	927		$	810
Sales	(1,648		)	—
Realized gain on sale	721			—
Unrealized gains relating to instruments still held at the reporting date	—			117
Balance, end of year	$	—		$	927

The Company does not anticipate making any contributions to the plan during 2014. Expected benefit payments for the next ten years are as follows:



Year Ended	Expected Benefit Payments
2014	$	11,739
2015	616
2016	752
2017	757
2018	863
2019-2023	5,908

Deferred Compensation Plan

The Company maintains a 401(k) retirement plan covering substantially all officers and employees, which permits participants to defer up to the maximum allowable amount determined by the IRS of their eligible compensation. The Company contributions to the plan were approximately $0.2 million in 2011. The Company discontinued the matching contributions as of July 1, 2011.

Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive Loss

Following is a summary of the changes in the accumulated balances for each component of accumulated other comprehensive loss for the year ended December 31, 2013:



	Defined Benefit Pension Items			Unrealized Gains and (Losses) on Available-for-Sale Securities			Total
Accumulated other comprehensive loss at December 31, 2012	$	(8,652	)	$	—		$	(8,652	)
Other comprehensive income before reclassifications	2,191			(2,218		)	(27		)
Amounts reclassified from accumulated other comprehensive loss	1,069			93			1,162
Net current year other comprehensive income (loss)	3,260			(2,125		)	1,135
Accumulated other comprehensive loss at December 31, 2013	$	(5,392	)	$	(2,125	)	$	(7,517	)



	Amount Reclassified from Accumulated Other Comprehensive Loss
Details about Accumulated Other Comprehensive Loss Components	2013		Affected Line in the Consolidated Statements of Operations
Defined Benefit Pension Items
Amortization of loss	$	326	Net periodic pension costs, Note 17. Employee Benefit Plans
Settlement cost	743		Net periodic pension costs, Note 17. Employee Benefit Plans
	1,069		Net of tax

Net unrealized gain for sale of available-for-sale securities	93		Investment income, net
Total reclassifications for the period	$	1,162	Net of tax

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information

The Company currently conducts primarily all of its business in five reportable operating segments: 1) residential real estate, 2) commercial real estate, 3) rural land, 4) resorts, leisure and leasing operations and 5) forestry. The residential real estate segment generates revenues from the development and sale of homes and homesites. The commercial real estate segment sells undeveloped or developed land and commercial operating property. The rural land segment sells parcels of land included in the Company’s holdings of timberlands. The resorts, leisure and leasing operations segment generates revenue and rental fees associated with its vacation rental program in the WaterColor Inn, WaterColor, WaterSound Beach and surrounding communities and other resort, golf club, marina and retail/commercial leasing operations. The forestry segment produces and sells woodfiber, sawtimber and other forest products.

The Company’s reportable segments are strategic business units that offer different products and services. They are each managed separately and decisions about allocations of resources are determined by management based on these strategic business units.

The Company uses income from operations before equity in income (loss) from unconsolidated affiliates, income taxes and non-controlling interest for purposes of making decisions about allocating resources to each segment and assessing each segment’s performance, which the Company believes represents current performance measures.

The accounting policies of the segments are the same as those described herein and in the Company’s Form 10-K. Total revenues represent sales to unaffiliated customers, as reported in the Company’s Consolidated Statements of Operations. All intercompany transactions have been eliminated. The caption entitled “Other” consists of non-allocated corporate general and administrative expenses, net of investment income.

Information by business segment is as follows:



	2013			2012			2011
OPERATING REVENUES:
Residential real estate	$	33,698		$	22,115		$	12,595
Commercial real estate	10,881			10,400			3,778
Rural land	85			23,413			3,472
Resorts, leisure and leasing operations	50,767			44,407			38,239
Forestry	35,450			38,977			86,703
Other	375			84			498
Consolidated operating revenues	$	131,256		$	139,396		$	145,285

DEPRECIATION, DEPLETION AND AMORTIZATION:
Residential real estate	$	776		$	1,802		$	2,457
Resorts, leisure and leasing operations	6,424			5,714			6,924
Forestry	1,775			2,105			4,950
Other reportable segments	156			489			1,509
Consolidated depreciation, depletion and amortization	$	9,131		$	10,110		$	15,840

INVESTMENT INCOME, NET
Other reportable segments	113			68			102
Corporate	1,385			1,151			1,028
Consolidated investment income, net	$	1,498		$	1,219		$	1,130

INTEREST EXPENSE
Residential real estate	$	(1,999	)	$	(2,802	)	$	(3,555	)
Commercial and other	(41		)	(18		)	(366		)
Consolidated interest expense	$	(2,040	)	$	(2,820	)	$	(3,921	)

EQUITY IN INCOME (LOSS) FROM UNCONSOLIDATED AFFILIATES
Resorts, leisure and leasing operations	$	112		$	(46	)	$	(93	)

INCOME (LOSS) BEFORE EQUITY IN (INCOME) LOSS FROM UNCONSOLDIATED AFFILIATES AND INCOME TAXES:
Residential real estate^(a)	$	4,558		$	(6,772	)	$	(355,080	)
Commercial real estate ^(b)	3,298			(271		)	(42,516		)
Rural land	22			16,791			2,158
Resorts, leisure and leasing operations ^(c)	(1,928		)	(1,414		)	(8,020		)
Forestry	13,384			13,475			59,092
Other ^(d)	(14,889		)	(15,386		)	(41,507		)
Consolidated income (loss) before equity in income (loss) from unconsolidated affiliates and income taxes	$	4,445		$	6,423		$	(385,873	)



	2013		2012		2011
CAPITAL EXPENDITURES:
Residential real estate	$	12,284	$	7,679	$	12,023
Commercial real estate	2,388		3,829		11,833
Resorts, leisure and leasing operations	23,486		9,023		4,007
Forestry	3,678		2,701		2,766
Other	224		163		93
Total capital expenditures	$	42,060	$	23,395	$	30,722



	December 31, 2013		December 31, 2012
TOTAL ASSETS:
Residential real estate	$	141,097	$	141,526
Commercial real estate	62,924		64,961
Rural land	6,147		6,219
Resorts, leisure and leasing operations ^(e)	142,940		125,596
Forestry	54,742		53,839
Other	261,622		253,380
Total assets	$	669,472	$	645,521



(a)	Includes impairment losses of $0.2 million and $337.6 million in 2013 and 2011, respectively.
(b)	Includes impairment losses of $38.2 million in 2011.
(c)	Includes impairment losses of $4.9 million, $2.6 million and $1.4 million in 2013, 2012 and 2011, respectively.
(d)	Includes pension charges of $2.1 million and $5.9 million in 2012 and 2011, respectively.
(e)	Includes $2.2 million of investment in equity method investees at December 31, 2013 and 2012.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company establishes an accrued liability when it is both probable that a loss has been incurred and the amount of the loss can be reasonably estimated. The Company will evaluate the range of reasonably estimated losses and record an accrued liability based on the minimum amount in the range, unless an amount within the range is a better estimate than any other amount. In such cases, there may be an exposure to loss in excess of the amounts accrued. The Company evaluates quarterly whether further developments could affect the amount of the accrued liability previously established or would make a loss contingency both probable and reasonably estimable. The Company also provides disclosure when it is reasonably possible that a loss will be incurred or when it is reasonably possible that the amount of a loss will exceed the recorded liability. The Company reviews loss contingencies at least quarterly to determine whether the likelihood of loss has changed and to assess whether a reasonable estimate of the loss or range of loss can be made. This estimated range of possible loss is based upon currently available information and is subject to significant judgment and a variety of assumptions, and known and unknown uncertainties. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from the current estimate. The Company is subject to a variety of litigation, claims, other disputes and governmental proceedings that arise from time to time in the ordinary course of its business. The Company cannot assure you that it will be successful in defending these matters. Based on current knowledge, the Company does not believe that loss contingencies arising from pending litigation, claims other disputes and governmental proceedings, including those described herein, will have a material adverse effect on the consolidated financial position or liquidity of the Company. However, in light of the inherent uncertainties involved in these matters, an adverse outcome in one or more of these matters could be material to the Company's results of operations or cash flows for any particular reporting period. On January 4, 2011 the SEC notified the Company it was conducting an inquiry into the Company’s policies and practices concerning impairment of investment in real estate assets. On June 24, 2011, the Company received notice from the SEC that it had issued a related order of private investigation. The order of private investigation covers a variety of matters for the period beginning January 1, 2007 including (a) the antifraud provisions of the Federal securities laws as applicable to the Company and its past and present officers, directors, employees, partners, subsidiaries, and/or affiliates, and/or other persons or entities, (b) compliance by past and present reporting persons or entities who were or are directly or indirectly the beneficial owner of more than 5% of the Company’s common stock (which includes Fairholme Funds, Inc., Fairholme Capital Management L.L.C. and the Company’s current Chairman Bruce R. Berkowitz) with their reporting obligations under Section 13(d) of the Exchange Act, (c) internal controls, (d) books and records, (e) communications with auditors and (f) financial reports. The order designates officers of the SEC to take the testimony of the Company and third parties with respect to any or all of these matters. The Company is currently cooperating with the SEC and providing relevant information, including most recently in February 2014, regarding the Company’s change in investment strategy and impairments. The Company has not established a liability for this matter, because it believes that the probability of loss related to this matter and an estimate of the amount of loss, if any, are not determinable at this time. In addition, the Company cannot evaluate the likelihood of an unfavorable outcome nor can it predict the amount or range of possible loss from an unfavorable outcome to provide an estimated range of loss. The Company is subject to costs arising out of environmental laws and regulations, which include obligations to remove or limit the effects on the environment of the disposal or release of certain wastes or substances at various sites, including sites which have been previously sold. It is the Company’s policy to accrue and charge against earnings environmental cleanup costs when it is probable that a liability has been incurred or range of loss can be reasonably estimated. As assessments and cleanups proceed, these accruals are reviewed and adjusted, if necessary, as additional information becomes available. The Company’s former paper mill site in Gulf County and certain adjacent properties are subject to various Consent Agreements and Brownfield Site Rehabilitation Agreements with the Florida Department of Environmental Protection. The paper mill site has been rehabilitated by Smurfit-Stone Container Corporation in accordance with these agreements. The Company is in the process of assessing certain adjacent properties. Management is unable to quantify future rehabilitation costs above present accruals at this time or provide a reasonably estimated range of loss. Other litigation, claims, other disputes and governmental proceedings, including environmental matters, are pending against the Company. Aggregate environmental-related accruals were $1.1 million and $1.6 million at December 31, 2013 and 2012, respectively. Although the final resolution of the environmental litigation matters or governmental proceedings is not expected to have a material effect on the Company’s consolidated financial condition, it is possible that any final outcome could have a material impact on the results of operations or cash flows of the Company. The Company has retained certain self-insurance risks with respect to losses for third party liability and property damage, including our timber assets. At December 31, 2013 and 2012, the Company was required to provide surety bonds that guarantee completion of certain infrastructure in certain development projects and mitigation banks of $14.1 million and $10.3 million, respectively. At December 31, 2013, the Company has a total of $21.0 million in purchase obligations, which $19.7 million are for 2014, $1.1 million are for 2015 and $0.2 million are for 2016. The Company's supply agreement with RockTenn that requires the Company to deliver and sell a total of 3.9 million tons of pine pulpwood through December 2017. Pricing under the agreement approximates market, using a formula based on published regional prices for pine pulpwood. The agreement is assignable by the Company, in whole or in part, to purchasers of its properties, or any interest therein, and does not contain a lien, encumbrance, or use restriction on any of the Company's properties. As part of the AgReserves Sale, the RockTenn Supply Agreement will be assumed by AgReserves. The construction loan entered into by the Pier Park North joint venture requires the Company to provide certain guarantees and covenants as described in Note 8, Real Estate Joint Ventures. The AgReserves Sale Agreement contains certain termination rights, including if it is not completed on or before May 1, 2014 or if the approval of the Company's shareholders is not obtained. If the AgReserves Sale is terminated under certain circumstances, the Company may be required to pay AgReserves certain fees and expenses, including: (i) a termination fee of approximately $21 million if: (a) in certain cases, the Company's shareholders’ do not approve the AgReserves Sale, (b) the Company enters into a definitive transaction agreement providing for the consummation of the transaction contemplated by a Superior Proposal (as defined in the AgReserves Sale Agreement), or (c) the Company's Board makes a Recommendation Change (as defined in the AgReserves Sale Agreement) or fails to recommend that the Company's shareholders approve the AgReserves Sale; or (ii) AgReserves’s transaction costs and expenses which in some cases are limited to $1.5 million. Except in certain limited cases as set forth in the AgReserves Sale Agreement, the Company is required to return the deposit to AgReserves if the AgReserves Sale Agreement is terminated.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Quarterly Financial Data (unaudited)



	Quarters Ended
	December 31			September 30		June 30			March 31
2013
Operating revenues	$	33,868		$	36,827	$	33,788		$	26,773
Operating income (loss)	$	(1,964	)	$	3,383	$	1,583		$	(2,225	)
Net income (loss) attributable to the Company	$	562		$	4,198	$	2,704		$	(2,474	)
Basic and diluted income (loss) per share attributable to the Company	$	—		$	0.05	$	0.03		$	(0.03	)
2012
Operating revenues	$	22,614		$	55,907	$	30,357		$	30,518
Operating income (loss)	$	(9,258	)	$	15,360	$	(2,367	)	$	(1,601	)
Net income (loss) attributable to the Company	$	(8,630	)	$	15,340	$	176		$	(874	)
Basic and diluted income (loss) per share attributable to the Company	$	(0.09	)	$	0.17	$	—		$	(0.01	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2013

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

REAL ESTATE AND ACCUMULATED DEPRECIATION

THE ST. JOE COMPANY

SCHEDULE III (CONSOLIDATED) - REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2013

(in thousands)



	Initial Cost to Company
Description	Encumbrances		Land		Buildings & Improvements		Costs Capitalized Subsequent to Acquisition⁽¹⁾		Land & Land Improvements		Buildings and Improvements		Total		Accumulated Depreciation
Land with infrastructure	$	3,428	$	12,390	$	7,929	$	51,792	$	64,182	$	7,929	$	72,111	$	923
Buildings	—		16,551		25,153		99,899		48,592		92,465		141,057		50,899
Residential and resorts and leisure	8,085		71,774		1,884		84,894		159,098		—		159,098		843
Timberlands	—		25,589		—		30,146		55,735		—		55,735		831
Unimproved land	—		5,965		—		2,298		8,263		—		8,263		—
Total	$	11,513	$	132,269	$	34,966	$	269,029	$	335,870	$	100,394	$	436,264	$	53,496



(1)	Includes cumulative impairments.

Notes:



(A)	The aggregate cost of real estate owned at December 31, 2013 for federal income tax purposes is approximately $699 million.
(B)	Reconciliation of real estate owned (in thousands of dollars):



	2013			2012			2011
Balance at beginning of the year	$	418,197		$	429,431		$	799,506
Amounts capitalized	44,795			21,058			28,309
Impairments	(5,080		)	(2,551		)	(377,270		)
Cost of real estate sold	(22,022		)	(27,248		)	(10,444		)
Amounts retired or adjusted	374			(2,493		)	(10,670		)
Balance at the end of the year	$	436,264		$	418,197		$	429,431



(C)	Reconciliation of accumulated depreciation (in thousands of dollars):



	2013			2012			2011
Balance at beginning of the year	$	49,772		$	44,489		$	41,992
Depreciation expense	6,547			7,494			12,215
Amounts retired or adjusted	(2,823		)	(2,211		)	(9,718		)
Balance at the end of the year	$	53,496		$	49,772		$	44,489

Schedule IV (Consolidated) - Mortgage Loans on Real Estate (Notes)

12 Months Ended

Dec. 31, 2013

Mortgage Loans on Real Estate [Abstract]

SCHEDULE IV (CONSOLIDATED) - MORTAGE LOANS ON REAL ESTATE

THE ST. JOE COMPANY

SCHEDULE IV (CONSOLIDATED) - MORTAGE LOANS ON REAL ESTATE

DECEMBER 31, 2013

(in thousands)



Description	Interest Rate	Final Maturity Date	Periodic Payment Terms	Prior Liens	Carrying Amount of Mortgages		Principal Amount of Loans Subject to Delinquent Principal or Interest
Seller financing	4%	August 2015	P&I ^(a)	—	$	3,416	—
Seller financing	4% for the first twelve months; 6% for the second twelve months	February 2015	(b)	—	1,291		—
Various other seller financing	5%	October 2016 and December 2016	P&I ^(c)	—	647		—
Total ^(d)					$	5,354



(a)	Principal and interest is paid quarterly over a ten year amortization schedule. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full.
(b)	Payments are made in varying amounts over the life to maturity. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full.
(c)	Principal and interest is paid monthly.
(d)	The aggregate cost for federal income tax purposes approximates the amount of unpaid principal.

The summarized changes in the carrying amount of mortgage loans are as follows:



	2013		2012		2011
Balance at beginning of the year	$	1,158	$	1,752	$	2,617
Additions during the year - new mortgage loans	5,854		—		681
Deductions during the year
Collections of principal	1,363		594		1,546
Foreclosures	295		—		—
Balance at the end of the year	$	5,354	$	1,158	$	1,752

Significant Accounting Policies (Policies) (USD $)
In Thousands, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Text Block [Abstract]

Basis of Presentation and Principles of Consolidation

Impairment losses

$ 374,800

$ 5,080

$ 2,551

$ 377,325

Use of Estimates

Revenue Recognition

Real estate sales

Brokerage fees are recorded as the services are provided.

Investment in Real Estate

Depreciation is computed on straight-line method over the useful lives of the assets ranging from five to forty years.

Resort, leisure and leasing revenues

Resorts, leisure and leasing revenues

Forestry product sales and Timber deed sales

Forestry product sales and timber deed sales

Comprehensive Income (Loss)

Cash and Cash Equivalents

Investments

Accounts and Notes Receivable

Notes Receivable

Long-Lived Assets


•	a prolonged decrease in the fair value or demand for the Company’s properties;


•	a change in the expected use or development plans for the Company’s properties;


•	continuing operating or cash flow losses for an operating property; and,


•	an accumulation of costs in a development property that significantly exceeds its historical basis in property held long-term.


•	the projected pace of sales of homesites based on estimated market conditions and the Company’s development plans;


•	estimated pricing and projected price appreciation over time, which can range from 0 to 5% annually;


•	the amount and trajectory of price appreciation over the estimate selling period;


•	the length of the estimated development and selling periods, which can differ depending on the size of the development and the number of phases to be developed;


•	the amount of remaining development costs, including the extent of infrastructure or amenities included in such development costs;


•	holding costs to be incurred over the selling period;


•	for bulk land sales of undeveloped and developed parcels future pricing is based upon estimated developed lot pricing less estimated development costs and estimated developer profit at 20%;


•	for commercial development property, future pricing is based on sales of comparable property in similar markets; and


•	whether liquidity is available to fund continued development.

For operating properties, an estimate of undiscounted cash flows also requires management to make assumptions about the use and disposition of such properties. These assumptions include:


•	for investments in inns and rental condominium units, average occupancy and room rates, revenues from food and beverage and other amenity operations, operating expenses and capital expenditures, and eventual disposition of such properties as private residence vacation units or condominiums, based on current prices for similar units appreciated to the expected sale date;


•	for investments in commercial or retail property, future occupancy and rental rates and the amount of proceeds to be realized upon eventual disposition of such property at a terminal capitalization rate; and,


•	for investments in golf courses, memberships, future rounds and greens fees, operating expenses and capital expenditures, and the amount of proceeds to be realized upon eventual disposition of such properties at a multiple of terminal year cash flows.

Other properties that management does not intend to sell in the near term under current market conditions and has the

ability to hold are evaluated for impairment based on management’s best estimate of the long-term use and eventual disposition of the property.

Real Estate Held for Development and Sale, Policy [Policy Text Block]

Timber Inventory

Property and Equipment, net

Income Taxes

Concentration of Risks and Uncertainties

Earnings (loss) Per Share

Recently Adopted Accounting Pronouncements

Recently Issued Accounting Pronouncement

Income Taxes

Investments

Proposed Sale Transactions (Tables)

12 Months Ended

Dec. 31, 2013

AgReserves Sale

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Assets and Liabilities Expected to be Included in Sale

As of December 31, 2013, the carrying amount of the assets and liabilities expected to be included in the AgReserves Sale include the following:



Investment in real estate, net	$	54,668
Property and equipment, net	209
Other assets	1,543
Total assets	$	56,420

Accrued liabilities and deferred credits	$	12,641

RiverTown Sale

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Assets and Liabilities Expected to be Included in Sale

As of December 31, 2013, the carrying amount of the assets and liabilities expected to be included in the RiverTown Sale includes the following:



Investment in real estate, net	$	22,307
Other assets	251
Total assets	22,558
Debt ⁽¹⁾	5,521
Accrued liabilities and deferred credits	293
Net carrying value	$	16,744



(1	)	Only Rivers Edge CDD assessments for platted property have been recorded as a liability. The Company's total outstanding Rivers Edge CDD assessments at December 31, 2013 are $11.1 million.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details

Investments (Tables)

12 Months Ended

Dec. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments

At December 31, 2013 investments classified as available-for-sale securities were as follows:



	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Debt Securities:
U.S. treasury securities	$	124,861	$	88	$	—	$	124,949
Corporate debt securities	24,236		—		2,213		22,023
	$	149,097	$	88	$	2,213	$	146,972

Contractual Maturities of Investments

At December 31, 2013, the contractual maturities of investments classified as available-for-sale were as follows:



	Cost		Fair Value
Due in one year or less	$	124,861	$	124,949
Due after one year through five years	24,236		22,023
	$	149,097	$	146,972

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References+ Details

Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis

The financial instruments measured at fair value on a recurring basis at December 31, 2013 were as follows:



	Level 1		Level 2		Level 3		Total Fair Value
Money market funds	$	1,761	$	—	$	—	$	1,761
Debt securities:
U.S. treasury securities	124,949		—		—		124,949
Corporate debt securities	—		22,023		—		22,023
	$	126,710	$	22,023	$	—	$	148,733

Non Financial Assets Measured at Fair Value on Nonrecurring Basis

The Company’s non-financial assets measured at fair value on a nonrecurring basis and level 3 inputs are as follows at December 31, 2013 and 2012.



Financial Statement Line	Level 3 Fair Value		Total Impairment Charge		Unobservable Input(s)	Range of Inputs Used
December 31, 2013
Investment in real estate, net	$	2,420	$	4,911	Revenue growth rates	5% - 16%
					Discount rate	14%
					Cap rate	11.8%
Investment in real estate, net	$	722	$	169	Estimated selling price based on market data	$0.7 million - $0.9 million
December 31, 2012
Investment in real estate, net	$	300	$	2,551	Third party appraisal without comparable property sales	$105,000 - $33,000 per acre

Carrying Amount and Fair Value of Financial Instruments

The carrying amount and fair value of the Company’s financial instruments were as follows (the table below excludes financial instruments with carrying values that approximate their fair values):



	December 31, 2013					December 31, 2012
	Carrying value		Fair value		Level	Carrying value		Fair value		Level
Assets
Pledged treasury securities	$	26,260	$	28,465	1	$	26,818	$	30,432	1
Retained interest investments	$	9,639	$	12,827	3	$	9,481	$	12,392	3

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details

Real Estate Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2013

Real Estate Joint Ventures [Abstract]

Summarized Balance Sheets for Unconsolidated Investments

Summarized financial information for the unconsolidated investments on a combined basis is as follows:



	December 31, 2013		December 31, 2012
BALANCE SHEETS:
Investment in real estate	$	12,124	$	12,381
Cash and cash equivalents	16,897		18,523
Other assets	72		130
Total assets	$	29,093	$	31,034

Accounts payable and other liabilities	$	159	$	761
Equity⁽¹⁾	28,934		30,273
Total liabilities and equity	$	29,093	$	31,034

Summarized Statements of Operations for Unconsolidated Investments



	2013		2012		2011
STATEMENTS OF OPERATIONS:
Total expenses, net	$	1,014	$	1,042	$	1,031
Net loss	$	1,014	$	1,042	$	1,031

Notes Receivable, net (Tables)

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Notes Receivable, Net

Notes receivable, net consists of the following:



	December 31, 2013		December 31, 2012
Pier Park Community Development District notes, non-interest bearing, due December 2024, net of unamortized discount of $0.1 million, effective rates 5.73% — 8.0%	$	2,623	$	2,758
Interest bearing homebuilder notes, secured by the real estate sold — 4.0% interest rate, annual principal payments of $0.3 million, any remaining payments outstanding are due February and August 2015, net of deferred profit of $0.7 million at December 31, 2013	4,062		—
Various mortgage notes, secured by certain real estate bearing interest at various rates	647		1,217
Total notes receivable, net	$	7,332	$	3,975

Property and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property and equipment, net consists of the following:



	December 31, 2013		December 31, 2012		Estimated Useful Life (in years)
Railroad and equipment	$	33,627	$	33,627	15-30
Machinery and equipment	18,714		18,618		3-10
Office equipment	19,154		18,909		3-10
Autos and trucks	1,600		1,726		3-10
	73,095		72,880
Less: Accumulated depreciation	62,206		61,101
	10,889		11,779
Construction in progress	521		370
Total property and equipment, net	$	11,410	$	12,149

Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Debt

Debt consists of the following:



	December 31, 2013		December 31, 2012
In-substance defeased debt, interest payable monthly at 5.62% at December 31, 2013 and December 31, 2012, secured and paid by pledged treasury securities, due October 1, 2015	$	26,260	$	26,818
Community Development District debt, secured by certain real estate and standby note purchase agreements, due May 2016 — May 2039, bearing interest at 5.25% to 7.15% at December 31, 2013 and December 31, 2012	11,512		9,244
Construction loan in the Pier Park North joint venture, due February 2016, bearing interest at LIBOR plus 210 basis points, or 2.27% at December 31, 2013	6,445		—
Total debt	$	44,217	$	36,062

Maturities of Debt

The aggregate maturities of debt subsequent to December 31, 2013 are^(a):



	December 31, 2013
2014	$	663
2015	25,748
2016	6,529
2017	90
2018	97
Thereafter	11,090
	$	44,217



(a)	Includes debt defeased in connection with the sale of the Company’s office portfolio in the amount of $26.3 million.

Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Summary of the provision for income tax expense (benefit)

ncome tax benefit (expense) for the years ended December 31, 2013, 2012, and 2011 consist of the following:



	2013			2012		2011
Current:
Federal	$	349		$	34	$	(2,091	)
State	169			118		(70		)
Total	518			152		(2,161		)
Deferred:
Federal	(366		)	196		(52,450		)
State	(561		)	39		(1,047		)
Total	(927		)	235		(53,497		)
Income tax (benefit) expense	$	(409	)	$	387	$	(55,658	)

Summary of total income tax expense (benefit) allocated in the consolidated financial statements

Total income tax expense (benefit) for the years ended December 31, 2013, 2012, and 2011 was allocated in the consolidated financial statements as follows:



	2013			2012		2011
Income tax (benefit) expense	$	(409	)	$	387	$	(55,658	)
Tax benefits recorded on Consolidated Statement of Changes in Equity:
Excess tax expense on stock-based compensation	—			—		907
Deferred tax expense on accumulated other comprehensive income	—			—		7,888
Total	—			—		8,795
Total income tax (benefit) expense	$	(409	)	$	387	$	(46,863	)

Schedule of effective income tax rate reconciliation



	2013			2012			2011
Tax at the statutory federal rate	$	1,603		$	2,240		$	(135,078	)
State income taxes (net of federal benefit)	160			224			(13,508		)
Increase (decrease) in valuation allowance	(2,218		)	(2,870		)	94,505
Real estate investment trust income exclusion	—			—			(1,468		)
Other	46			793			(109		)
Total income tax (benefit) expense	$	(409	)	$	387		$	(55,658	)

Schedule of deferred tax assets and liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of December 31, 2013 and 2012 are presented below:



	2013			2012
Deferred tax assets:
Federal net operating carryforwards	$	26,884		$	29,222
State net operating loss carryforwards	20,759			20,888
Impairment losses	151,050			150,514
Prepaid income from land sales	10,210			10,262
Other	4,697			4,968
Total gross deferred tax assets	213,600			215,854
Valuation allowance	(93,058		)	(95,276		)
Total net deferred tax assets	120,542			120,578
Deferred tax liabilities:
Investment in real estate and property and equipment basis differences	1,726			2,055
Deferred gain on land sales and involuntary conversions	31,385			32,255
Prepaid pension asset	15,596			16,173
Installment sale	58,969			58,138
Total gross deferred tax liabilities	107,676			108,621
Net deferred tax asset	$	12,866		$	11,957

Restructuring (Tables)

12 Months Ended

Dec. 31, 2013

Restructuring and Related Activities [Abstract]

Summary of Restructuring and Relocation Programs

A summary of the charges incurred and reserves recorded in connection with the restructuring and relocation programs by segment during 2012 and 2011 as follows:



	Balance at December 31, 2011		Costs Accrued (Adjustments)			Payments		Balance at December 31, 2012		Cumulative Charges
2011 and prior restructuring and relocation programs
Residential real estate	$	341	$	(24	)	$	317	$	—	$	20,153
Commercial real estate	186		(186		)	—		—		2,818
Rural land	149		(145		)	4		—		2,617
Forestry	—		—			—		—		571
Corporate and other	114		355			424		45		22,556
Total	$	790	$	—		$	745	$	45	$	48,715



	Balance at December 31, 2010		Cost Accrued (Adjustments)		Payments		Balance at December 31, 2011
2011 restructuring and relocation programs
Residential real estate	$	239	$	699	$	597	$	341
Commercial real estate	9		1,657		1,480		186
Rural land	36		196		83		149
Forestry	19		77		96		—
Corporate and other	657		8,922		9,465		114
Total	$	960	$	11,551	$	11,721	$	790

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation Recognized as Expense

Total stock-based compensation recorded in Corporate expense, net, on the Consolidated Statements of Operations for the three years ended December 31, 2013 is as follows:



	2013		2012			2011
Stock compensation expense before tax benefit	$	247	$	998		$	8,452
Income tax benefit	—		(384		)	(3,254		)
	$	247	$	614		$	5,198

Summary of Option Activity Outstanding

The following table sets forth the summary of option activity outstanding under the stock option program for 2013:



	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value ($000)
Balance at December 31, 2012	105,100	$	52.96	3.7	—
Forfeited or expired	5,325	$	30.30	—	—
Balance at December 31, 2013	99,775	$	54.15	2.9	—
Vested or expected to vest at December 31, 2013	99,775	$	54.15	2.9	—
Exercisable at December 31, 2013	99,775	$	54.15	2.9	—

Summary of Restricted Stock Unit Activity Outstanding

The following table sets forth the summary of restricted stock unit activity outstanding under the restricted stock unit program for 2013:



Nonvested Service Based Restricted Stock Units	Number of Units	Weighted Average Grant Date Fair Value
Balance at December 31, 2012	11,387	$	21.52
Granted	11,898	$	20.49
Vested	23,285	$	21.52
Balance at December 31, 2013	—	$	—

Employee Benefit Plan (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Change in Projected Benefit Obligation and Plan Assets

Change in projected benefit obligation and plan assets:



	2013			2012
Projected benefit obligation, beginning of year	$	26,741		$	25,828
Service cost	225			889
Interest cost	653			712
Actuarial (gain) loss	(888		)	3,059
Benefits paid	(101		)	(29		)
Settlement loss	(3,099		)	(3,718		)
Projected benefit obligation, end of year	$	23,531		$	26,741

Fair value of assets, beginning of year	$	60,097		$	60,953
Actual return on assets	2,378			3,543
Settlements	(3,099		)	(3,718		)
Benefits and expenses paid	(728		)	(681		)
Fair value of assets, end of year	$	58,648		$	60,097

Funded status at end of year	$	35,117		$	33,356

Ratio of plan assets to projected benefit obligation	249		%	225		%

Summary of Components of Net Periodic Pension Cost (Benefit)

Change in projected benefit obligation and plan assets:



	2013			2012
Projected benefit obligation, beginning of year	$	26,741		$	25,828
Service cost	225			889
Interest cost	653			712
Actuarial (gain) loss	(888		)	3,059
Benefits paid	(101		)	(29		)
Settlement loss	(3,099		)	(3,718		)
Projected benefit obligation, end of year	$	23,531		$	26,741

Fair value of assets, beginning of year	$	60,097		$	60,953
Actual return on assets	2,378			3,543
Settlements	(3,099		)	(3,718		)
Benefits and expenses paid	(728		)	(681		)
Fair value of assets, end of year	$	58,648		$	60,097

Funded status at end of year	$	35,117		$	33,356

Ratio of plan assets to projected benefit obligation	249		%	225		%

A summary of the net periodic pension cost and other amounts recognized in other comprehensive income (loss) are as follows:



	2013			2012			2011
Service cost	$	225		$	889		$	3,059
Interest cost	653			712			1,225
Expected return on assets	(443		)	(2,315		)	(3,038		)
Amortization of prior service costs	—			440			649
Amortization of loss	326			48			—
Settlement charges	739			1,162			3,698
One-time charge in connection with an increase in benefits for certain participants	—			—			1,401
Curtailment charge	—			2,063			2,173
Net periodic pension cost	$	1,500		$	2,999		$	9,167
Other changes in plan assets and obligations recognized in Other comprehensive income:
Prior service cost	—			(2,503		)	(769		)
(Gain) loss	(3,260		)	1,275			(2,531		)
Total other comprehensive income	(3,260		)	(1,228		)	(3,300		)
Total net periodic pension cost and other comprehensive income (loss)	$	(1,760	)	$	1,771		$	5,867

Schedule of Assumptions Used

Assumptions used to develop end of period benefit obligations:



	2013		2012
Discount rate	4.37	%	3.27	%
Rate of compensation increase	N/A		N/A

Assumptions used to develop net periodic pension cost:



	December 31, 2013	December 31, 2012	December 31, 2011
Discount rate	4.37%	3.50%	4.59%
Expected long term rate on plan assets	—%	4.75%	5.00%
Rate of compensation increase	N/A	N/A	3.75%

Plan Assets at Fair Value

The following tables sets forth by level within the fair value hierarchy:

Assets at Fair Value as of December 31, 2013



Asset Category:	Level 1		Level 2		Level 3		Total
Cash	$	115	$	—	$	—	$	115
Money market funds	697		—		—		697
U.S. treasury securities	57,836		—		—		57,836
Total	$	58,648	$	—	$	—	$	58,648

Assets at Fair Value as of December 31, 2012



Asset Category:	Level 1		Level 2		Level 3		Total
Common/collective trusts ^(a)	$	—	$	34,936	$	—	$	34,936
Mutual funds ^(b)	—		23,756		—		23,756
Money market funds	478		—		—		478
Other	—		—		927		927
Total	$	478	$	58,692	$	927	$	60,097



(a)	Common/collective trusts invest in 67% U.S. short maturity fixed income investments, 25% U. S. large cap equities and 8% international equities.
(b)	One hundred percent of mutual funds invest in a short term fixed income fund.

Changes in the Fair Value of the Plan’s Level 3 Assets

The following table sets forth a summary of changes in the fair value of the Plan’s level 3 assets for the year ended December 31, 2013 and 2012:



	2013			2012
Balance, beginning of year	$	927		$	810
Sales	(1,648		)	—
Realized gain on sale	721			—
Unrealized gains relating to instruments still held at the reporting date	—			117
Balance, end of year	$	—		$	927

Expected Benefit Payments

The Company does not anticipate making any contributions to the plan during 2014. Expected benefit payments for the next ten years are as follows:



Year Ended	Expected Benefit Payments
2014	$	11,739
2015	616
2016	752
2017	757
2018	863
2019-2023	5,908

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References+ Details

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Summary of Changes in Accumulated Other Comprehensive Loss for Pension Plan Items

Following is a summary of the changes in the accumulated balances for each component of accumulated other comprehensive loss for the year ended December 31, 2013:



	Defined Benefit Pension Items			Unrealized Gains and (Losses) on Available-for-Sale Securities			Total
Accumulated other comprehensive loss at December 31, 2012	$	(8,652	)	$	—		$	(8,652	)
Other comprehensive income before reclassifications	2,191			(2,218		)	(27		)
Amounts reclassified from accumulated other comprehensive loss	1,069			93			1,162
Net current year other comprehensive income (loss)	3,260			(2,125		)	1,135
Accumulated other comprehensive loss at December 31, 2013	$	(5,392	)	$	(2,125	)	$	(7,517	)

Reclassification out of Accumulated Other Comprehensive Income



	Amount Reclassified from Accumulated Other Comprehensive Loss
Details about Accumulated Other Comprehensive Loss Components	2013		Affected Line in the Consolidated Statements of Operations
Defined Benefit Pension Items
Amortization of loss	$	326	Net periodic pension costs, Note 17. Employee Benefit Plans
Settlement cost	743		Net periodic pension costs, Note 17. Employee Benefit Plans
	1,069		Net of tax

Net unrealized gain for sale of available-for-sale securities	93		Investment income, net
Total reclassifications for the period	$	1,162	Net of tax

(Tables)	12 Months Ended
(Tables)	Dec. 31, 2013
Segment Reporting [Abstract]
Information by Business Segment	The accounting policies of the segments are the same

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data



	Quarters Ended
	December 31			September 30		June 30			March 31
2013
Operating revenues	$	33,868		$	36,827	$	33,788		$	26,773
Operating income (loss)	$	(1,964	)	$	3,383	$	1,583		$	(2,225	)
Net income (loss) attributable to the Company	$	562		$	4,198	$	2,704		$	(2,474	)
Basic and diluted income (loss) per share attributable to the Company	$	—		$	0.05	$	0.03		$	(0.03	)
2012
Operating revenues	$	22,614		$	55,907	$	30,357		$	30,518
Operating income (loss)	$	(9,258	)	$	15,360	$	(2,367	)	$	(1,601	)
Net income (loss) attributable to the Company	$	(8,630	)	$	15,340	$	176		$	(874	)
Basic and diluted income (loss) per share attributable to the Company	$	(0.09	)	$	0.17	$	—		$	(0.01	)

Significant Accounting Policies - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended
	Mar. 31, 2011 acre	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Minimum future rent on non cancelable lease due in 2014		$ 2,500,000
Minimum future rent on non cancelable lease due in 2015		2,300,000
Minimum future rent on non cancelable lease due in 2016		2,300,000
Minimum future rent on non cancelable lease due in 2017		2,200,000
Minimum future rent on non cancelable lease due in 2018		2,200,000
Timber deed sale agreement, value	55,900,000
Timber deed land owned	40,975
Percentage of buyer First Thinnings at fair market value	85.00%
Timber revenue		35,450,000	38,977,000	86,703,000
Purchase price of First Thinnings		200,000	900,000	1,200,000
Gross unrealized losses		2,213,000
Minimum projected price appreciation over time		0.00%
Maximum projected price appreciation over time		5.00%
Estimated developer profit based on development costs		20.00%
Timber holdings valuation sample		20.00%
Capitalized indirect costs incurred		700,000
Mill closures due to economic reasons
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Period for monetary damages would be due from third party		1 year
Timber Deed
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Timber revenue				54,500,000
Imputed land lease revenue				1,400,000
Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Discount rate		10.00%
Estimated useful life (in years)		3 years
Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Timber deed sale agreement, term (in years)	20 years
Discount rate		20.00%
Capitalized indirect costs incurred			$ 100,000
Estimated useful life (in years)		30 years
Real Estate [Member] \| Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Estimated useful life (in years)		5 years
Real Estate [Member] \| Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Estimated useful life (in years)		40 years

Investment in Real Estate - Real Estate by Property Type and Segment (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate Properties [Line Items]
Operating property	$ 205,957,000	$ 211,000,000
Development property	225,191,000	202,073,000
Investment property	5,116,000	5,124,000
Investment in unconsolidated affiliates	2,241,000	2,222,000
Total real estate investments	438,505,000	420,419,000
Less: Accumulated depreciation	53,496,000	49,772,000
Investment in real estate	385,009,000	370,647,000
Capitalized indirect costs incurred	700,000
Depreciation expense related to real estate investments	5,300,000	5,900,000	7,800,000
Depletion expense	1,200,000	1,600,000	4,400,000
Maximum
Real Estate Properties [Line Items]
Capitalized indirect costs incurred		100,000
Residential Real Estate
Real Estate Properties [Line Items]
Operating property	2,071,000	2,792,000
Development property	130,616,000	133,835,000
Commercial Real Estate
Real Estate Properties [Line Items]
Development property	57,959,000	59,851,000
Investment property	700,000	700,000
Resorts, leisure and leasing operations
Real Estate Properties [Line Items]
Operating property	146,624,000	152,906,000
Development property	28,482,000	351,000
Investment property	255,000	255,000
Forestry
Real Estate Properties [Line Items]
Operating property	57,078,000	54,984,000
Investment property	953,000	953,000
Rural land
Real Estate Properties [Line Items]
Operating property	139,000	139,000
Development property	5,768,000	5,768,000
Corporate
Real Estate Properties [Line Items]
Development property	2,366,000	2,268,000
Other
Real Estate Properties [Line Items]
Operating property	45,000	179,000
Investment property	$ 3,208,000	$ 3,216,000

Impairments of Long-lived Assets - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment charges	$ 374,800,000	$ 5,080,000	$ 2,551,000	$ 377,325,000
Ceased covered airport parking lease term			7 years
Remaining lease period of released land lease			28 years
Future land lease payment ceased			4,200,000
Bulk sale reduced selling prices				20.00%
Estimated fair value of impaired real estate	91,400,000			91,400,000
Minimum
Impaired Long-Lived Assets Held and Used [Line Items]
Estimated pricing and projected price appreciation over time		0.00%
Maximum
Impaired Long-Lived Assets Held and Used [Line Items]
Estimated pricing and projected price appreciation over time		5.00%
Undiscounted Cash Flow
Impaired Long-Lived Assets Held and Used [Line Items]
Carrying value of long-lived assets	466,200,000			466,200,000
Homes and Homesites
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment charges				$ 2,500,000

Proposed Sale Transactions Proposed Sale Transactions (Details) (USD $)

0 Months Ended

Dec. 31, 2013

acre

Dec. 31, 2012

Dec. 31, 2013

Community Development District Debt

Dec. 31, 2012

Community Development District Debt

Dec. 31, 2013

Community Development District Debt

Rivers Edge CDD Assessments

Nov. 06, 2013

AgReserves Sale

acre

Dec. 31, 2013

AgReserves Sale

Dec. 31, 2013

RiverTown Sale

business_day

acre

Dec. 31, 2013

RiverTown Sale

Minimum

Dec. 31, 2013

RiverTown Sale

Maximum

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proposed land sale, area of land (in acres)

567,000

382,834

4,057

Proposed land sale, purchase price

$ 565,000,000

$ 43,600,000

Proposed land sale, deposit amount

37,500,000.0

100,000.0

Proposed land sale, deposit amount due

1,900,000

Number of business days remaining deposit is due after the conclusion of the inspection period

Proposed land sale, purchase price reduction

40,000,000

Proposed land sale, termination fee

21,000,000

Proposed land sale, expected impact fee credit

20,000,000

26,000,000

Proposed land sale, expected impact fee credit, period for recognition

5 years

Proposed land sale, reimburseable costs and expenses upon termination

1,500,000.0

Carrying amount of the assets and liabilities expected to be included in the Sale

Investment in real estate, net

54,668,000

22,307,000

Property and equipment, net

209,000

Other assets

1,543,000

251,000

Total assets

56,420,000

22,558,000

Debt

5,521,000

^[1]

Accrued liabilities and deferred credits

12,641,000

293,000

Net carrying value

16,744,000

Long term debt

$ 44,217,000

$ 36,062,000

$ 11,512,000

$ 9,244,000

$ 11,100,000

[1]	Only Rivers Edge CDD assessments for platted property have been recorded as a liability. The Company's total outstanding Rivers Edge CDD assessments at December 31, 2013 are $11.1 million.

Investments - Schedule of Investments (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 149,097
Gross Unrealized Gains	88
Gross Unrealized Losses	2,213
Fair Value	146,972
U.S. treasury securities
Schedule of Available-for-sale Securities [Line Items]
Cost	124,861
Gross Unrealized Gains	88
Gross Unrealized Losses	0
Fair Value	124,949
Corporate debt securities
Schedule of Available-for-sale Securities [Line Items]
Cost	24,236
Gross Unrealized Gains	0
Gross Unrealized Losses	2,213
Fair Value	$ 22,023

Investments - Contractual Maturities of Investments (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013
Cost
Due in one year or less	$ 124,861
Due after one year through five years	24,236
Cost	149,097
Fair Value
Due in one year or less	124,949
Due after one year through five years	22,023
Fair Value	$ 146,972

Investments - Additional Information (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended					12 Months Ended	0 Months Ended	12 Months Ended		0 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 U.S. treasury securities security	Dec. 31, 2013 Corporate debt securities	Dec. 31, 2013 Cash, investment grade cash equivalents or U.S. treasury securities Minimum	Feb. 21, 2014 Cash, investment grade cash equivalents or U.S. treasury securities Minimum Subsequent Event	Dec. 31, 2013 Corporate debt securities Maximum	Dec. 31, 2013 Other aggregated investments Securities of any one issuer (excluding the U.S. Government) Maximum	Feb. 21, 2014 Other aggregated investments Securities of any one issuer (excluding the U.S. Government) Maximum Subsequent Event	Dec. 31, 2013 Investor Fairholme Capital Management, L.L.C.
Schedule of Available-for-sale Securities [Line Items]
Common stock ownership percentage											27.00%
Investments, target portfolio allocations						50.00%	50.00%	50.00%	10.00%	10.00%
Number of securities with net unrealized losses				0
Debt securities	$ 146,972			$ 124,949	$ 22,023
Gross unrealized losses	2,213			0	2,213
Gain on sales and maturities of investments	93	0	0
Sales of investments	7,725	0	0
Maturities of investments	$ 100,000	$ 0	$ 0

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.

+ References+ Details

Financial Instruments and Fair Value Measurements - Fair Value Hierarchy (Details) (Recurring basis, USD $) In Thousands, unless otherwise specified	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 148,733
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	126,710
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	22,023
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	1,761
Money market funds \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	1,761
Money market funds \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0
Money market funds \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities	124,949
U.S. treasury securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities	124,949
U.S. treasury securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities	0
U.S. treasury securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities	22,023
Corporate debt securities \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities	0
Corporate debt securities \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities	22,023
Corporate debt securities \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities	$ 0

Financial Instruments and Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset impairment charges	$ 374,800,000	$ 5,080,000	$ 2,551,000	$ 377,325,000
Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, discount rate		10.00%
Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, discount rate		20.00%
Income Approach Valuation Technique
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset impairment charges		4,911,000
Market Approach Valuation Technique
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset impairment charges		169,000
Cost Approach Valuation Technique
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Asset impairment charges			2,551,000
Fair Value, Measurements, Nonrecurring \| Level 3 \| Income Approach Valuation Technique
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Investment in real estate, net		2,420,000
Fair Value, Measurements, Nonrecurring \| Level 3 \| Market Approach Valuation Technique
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Investment in real estate, net		722,000
Fair Value, Measurements, Nonrecurring \| Level 3 \| Cost Approach Valuation Technique
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Investment in real estate, net			300,000
Fair Value, Measurements, Nonrecurring \| Level 3 \| Real Estate Investment \| Income Approach Valuation Technique
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, discount rate		14.00%
Fair value inputs, cap rate		11.80%
Fair Value, Measurements, Nonrecurring \| Level 3 \| Real Estate Investment \| Income Approach Valuation Technique \| Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, estimated revenue		0
Fair Value, Measurements, Nonrecurring \| Level 3 \| Real Estate Investment \| Income Approach Valuation Technique \| Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, estimated revenue		0
Fair Value, Measurements, Nonrecurring \| Level 3 \| Real Estate Investment \| Market Approach Valuation Technique \| Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, estimated selling price		700,000
Fair Value, Measurements, Nonrecurring \| Level 3 \| Real Estate Investment \| Market Approach Valuation Technique \| Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, estimated selling price		$ 900,000
Fair Value, Measurements, Nonrecurring \| Level 3 \| Real Estate Investment \| Cost Approach Valuation Technique \| Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, price per square acre			33,000
Fair Value, Measurements, Nonrecurring \| Level 3 \| Real Estate Investment \| Cost Approach Valuation Technique \| Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, price per square acre			105,000

Financial Instruments and Fair Value Measurements - Carrying Amount and Fair Value of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Carrying Value \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Pledged treasury securities	$ 26,260	$ 26,818
Carrying Value \| Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Retained interest investment	9,639	9,481
Fair Value \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Pledged treasury securities	28,465	30,432
Fair Value \| Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Retained interest investment	$ 12,827	$ 12,392

Financial Instruments and Fair Value Measurements - Additional information (Details) (USD $)	3 Months Ended	12 Months Ended				24 Months Ended	12 Months Ended		12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2008 acre	Dec. 31, 2008	Dec. 31, 2013 Golf Course Property	Dec. 31, 2007 Defeased Debt	Dec. 31, 2013 Minimum	Dec. 31, 2013 Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate									10.00%	20.00%
Asset impairment charges	$ 374,800,000	$ 5,080,000	$ 2,551,000	$ 377,325,000			$ 4,900,000
Long term debt		44,217,000	36,062,000					29,300,000
Note maturity year									2022	2024
Retained interest, effective interest rate									3.70%	12.50%
Remaining lease period of released land lease			28 years
Future land lease payment ceased			4,200,000
Area of timber land sold					132,055
Maturity of notes receivables					15 years
Aggregate amount of notes receivables					183,300,000	183,300,000
Monetized notes receivables					183,300,000	183,300,000
Monetized note receivable, percentage					90.00%	90.00%
Proceeds from monetized note						163,000,000
Notes, maturity period		15 years
Retained interest		$ 9,600,000	$ 9,500,000

Real Estate Joint Ventures - Additional Information (Details) (USD $)							3 Months Ended	12 Months Ended							12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2013 Construction Loans Pier Park North Joint Venture Construction Loan	Feb. 28, 2013 Consolidated Variable Interest Entities	Sep. 30, 2013 Consolidated Variable Interest Entities Pier Park North	Dec. 31, 2013 Consolidated Variable Interest Entities Pier Park North	Feb. 28, 2013 Consolidated Variable Interest Entities Pier Park North	Dec. 31, 2012 Consolidated Variable Interest Entities Pier Park North	Dec. 31, 2013 Consolidated Variable Interest Entities Pier Park North Construction Loans Pier Park North Joint Venture Construction Loan	Dec. 31, 2013 Consolidated Variable Interest Entities Artisan Park, L.L.C	Dec. 31, 2013 Variable Interest Entities	Dec. 31, 2012 Variable Interest Entities	Dec. 31, 2013 Unconsolidated Variable Interest Entities Entity	Dec. 31, 2013 Unconsolidated Variable Interest Entities ESM
Variable Interest Entity [Line Items]
Estimated contribution for joint venture by company and its partner								$ 14,400,000
Contribution for joint venture								9,500,000
Noncontrolling interest contribution for joint venture								4,900,000
Percentage of cash contribution for joint venture by parent								66.00%		66.00%		74.00%
Percentage of additional cash contribution for joint venture								34.00%		34.00%
Land contributed to joint venture agreed upon value								6,000,000
Proceeds from sale of property							2,300,000
Construction loan									41,000,000
Construction loan date						2016-02
Debt	44,217,000	36,062,000			6,445,000						6,445,000		6,445,000	0
Principal repayment guarantee								33.00%
Unrestricted cash and cash equivalents	21,894,000	165,980,000	162,391,000	183,827,000				25,000,000					2,225,000	2,107,000
Net worth								350,000,000
Percentage of total equity paid by parent								73.00%
Initial profits to be redistributed to repay contribution								6,000,000
Assets	669,472,000	645,521,000											30,958,000	2,273,000
Liabilities	105,947,000	93,187,000											14,136,000	1,073,000
Number of variable interest Entity, not primary beneficiary															2
Investment in unconsolidated affiliates	2,241,000	2,222,000
Investment, ownership percentage																50.00%
Sale of investment, expected net sales proceeds																$ 2,300,000

- Summarized Financial Information for Unconsolidated Investments (Details) (USD $)
In Thousands, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Investment In Unconsolidated Affiliates [Line Items]

Investment in real estate

$ 385,009

$ 370,647

Cash and cash equivalents

21,894

165,980

162,391

183,827

Other assets

22,612

20,639

Total assets

669,472

645,521

Equity

558,354

552,025

Total liabilities and equity

669,472

645,521

Other Affiliates

Investment In Unconsolidated Affiliates [Line Items]

Investment in real estate

12,124

12,381

Cash and cash equivalents

16,897

18,523

Other assets

130

Total assets

29,093

31,034

Accounts payable and other liabilities

159

761

Equity

28,934

^[1]

30,273

^[1]

Total liabilities and equity

$ 29,093

$ 31,034

[1]

The majority of the equity in unconsolidated investments relates to APL. In 2008, the Company wrote-off its investment in APL as a result of APL reserving its assets to satisfy potential claims and obligations in accordance with its publicly reported liquidation basis of accounting. Subsequently, APL changed its method of accounting to a going concern basis and reinstated its equity and stated it would report certain expenses as they are incurred. The Company has not recorded any additional equity income as a result of the APL’s change in accounting.

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

+ References+ Details

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References+ Details

- Summarized Statements of Operations for Unconsolidated Investments (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Investments in and Advances to Affiliates [Line Items]
Total expenses	$ 130,479	$ 137,262	$ 532,092
Net loss	4,966	5,990	(330,308)
Statements Of Operations
Investments in and Advances to Affiliates [Line Items]
Total expenses	1,014	1,042	1,031
Net loss	$ 1,014	$ 1,042	$ 1,031

Notes Receivable, net (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	$ 7,332	$ 3,975
Pier Park Community Development District notes, non-interest bearing, due December 2024, net of unamortized discount of $0.1 million, effective rates 5.73% — 8.0%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	2,623	2,758
Interest bearing homebuilder notes, secured by the real estate sold — 4.0% interest rate, annual principal payments of $0.3 million, any remaining payments outstanding are due February and August 2015, net of deferred profit of $0.7 million at December 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	4,062	0
Notes receivable, number of note holders	1
Various mortgage notes, secured by certain real estate bearing interest at various rates
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	$ 647	$ 1,217

Notes Receivable, net (Parenthetical) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred profit	$ 29,996,000	$ 27,962,000
Pier Park Community Development District notes, non-interest bearing, due December 2024, net of unamortized discount of $0.1 million, effective rates 5.73% — 8.0%
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unamortized discount	0	0
Note receivable, maturity date	2024-12	2024-12
Pier Park Community Development District notes, non-interest bearing, due December 2024, net of unamortized discount of $0.1 million, effective rates 5.73% — 8.0% \| Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, effective interest rate	5.73%	5.73%
Pier Park Community Development District notes, non-interest bearing, due December 2024, net of unamortized discount of $0.1 million, effective rates 5.73% — 8.0% \| Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, effective interest rate	8.00%	8.00%
Interest bearing homebuilder notes, secured by the real estate sold — 4.0% interest rate, annual principal payments of $0.3 million, any remaining payments outstanding are due February and August 2015, net of deferred profit of $0.7 million at December 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, effective interest rate	4.00%
Notes receivable, annual principal payments	300,000.0
Deferred profit	$ 700,000

Property and Equipment, net (Detail) (USD $)	12 Months Ended
Property and Equipment, net (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 73,095,000	$ 72,880,000
Less: Accumulated depreciation	(62,206,000)	(61,101,000)
Property, plant and equipment, excluding construction in progress, net	10,889,000	11,779,000
Construction in progress	521,000	370,000
Total	11,410,000	12,149,000
Depreciation expense	2,500,000	2,400,000	2,800,000
Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	30 years
Railroad and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	33,627,000	33,627,000
Railroad and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	15 years
Railroad and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	30 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	18,714,000	18,618,000
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	10 years
Office equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	19,154,000	18,909,000
Office equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Office equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	10 years
Autos and trucks
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,600,000	$ 1,726,000
Autos and trucks \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Autos and trucks \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	10 years
Property, Plant and Equipment [Member] \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Property, Plant and Equipment [Member] \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	30 years

Debt (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2007
Debt Instrument [Line Items]
Long term debt	$ 44,217	$ 36,062
In-substance defeased debt, interest payable monthly at 5.62% at December 31, 2013 and December 31, 2012, secured and paid by pledged treasury securities, due October 1, 2015
Debt Instrument [Line Items]
Long term debt	26,260	26,818	29,300
Community Development District debt, secured by certain real estate and standby note purchase agreements, due May 2016 — May 2039, bearing interest at 5.25% to 7.15% at December 31, 2013 and December 31, 2012
Debt Instrument [Line Items]
Long term debt	11,512	9,244
Construction Loans \| Pier Park North Joint Venture Construction Loan
Debt Instrument [Line Items]
Long term debt	$ 6,445

- Definition

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References+ Details

Debt (Parenthetical) (Details)	12 Months Ended
Debt (Parenthetical) (Details)	Dec. 31, 2013	Dec. 31, 2012
In-substance defeased debt, interest payable monthly at 5.62% at December 31, 2013 and December 31, 2012, secured and paid by pledged treasury securities, due October 1, 2015
Debt Instrument [Line Items]
Debt interest rate	5.62%	5.62%
Debt instrument, maturity date	Oct. 01, 2015	Oct. 01, 2015
Community Development District debt, secured by certain real estate and standby note purchase agreements, due May 2016 — May 2039, bearing interest at 5.25% to 7.15% at December 31, 2013 and December 31, 2012
Debt Instrument [Line Items]
Debt instrument, minimum interest	5.25%	5.25%
Debt instrument, maximum interest	7.15%	7.15%
Debt instrument, maturity start date	May 01, 2016
Debt instrument, maturity end date	May 01, 2039
Construction Loans \| Pier Park North Joint Venture Construction Loan
Debt Instrument [Line Items]
Debt interest rate	2.27%

Debt - Additional Information (Details) (USD $)					12 Months Ended
Debt - Additional Information (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2007 In-substance defeased debt, interest payable monthly at 5.62% at December 31, 2013 and December 31, 2012, secured and paid by pledged treasury securities, due October 1, 2015	Dec. 31, 2013 In-substance defeased debt, interest payable monthly at 5.62% at December 31, 2013 and December 31, 2012, secured and paid by pledged treasury securities, due October 1, 2015	Dec. 31, 2012 In-substance defeased debt, interest payable monthly at 5.62% at December 31, 2013 and December 31, 2012, secured and paid by pledged treasury securities, due October 1, 2015	Dec. 31, 2013 Community Development District debt, secured by certain real estate and standby note purchase agreements, due May 2016 — May 2039, bearing interest at 5.25% to 7.15% at December 31, 2013 and December 31, 2012	Dec. 31, 2012 Community Development District debt, secured by certain real estate and standby note purchase agreements, due May 2016 — May 2039, bearing interest at 5.25% to 7.15% at December 31, 2013 and December 31, 2012	Dec. 31, 2013 Construction Loans Pier Park North Joint Venture Construction Loan	Dec. 31, 2013 Consolidated Variable Interest Entities Pier Park North	Feb. 28, 2013 Consolidated Variable Interest Entities Pier Park North	Dec. 31, 2013 Consolidated Variable Interest Entities Pier Park North Construction Loans Pier Park North Joint Venture Construction Loan
Debt Instrument [Line Items]
Long term debt	$ 44,217,000	$ 36,062,000			$ 29,300,000	$ 26,260,000	$ 26,818,000	$ 11,512,000	$ 9,244,000	$ 6,445,000			$ 6,445,000
Long term debt, year of balloon payment					2015
Total community development district debt	34,100,000	34,800,000
Construction loan												41,000,000
Principal repayment guarantee											33.00%
Cash and cash equivalents	21,894,000	165,980,000	162,391,000	183,827,000							25,000,000
Net worth											$ 350,000,000

- Definition

+ References+ Details

- Definition

+ References+ Details

Debt - Maturities of Debt (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2007
Debt Disclosure [Abstract]
2014	$ 663
2015	25,748
2016	6,529
2017	90
2018	97
Thereafter	11,090
Long-term Debt	44,217	36,062
Debt Instrument [Line Items]
Long term debt	44,217	36,062
Defeased Debt
Debt Disclosure [Abstract]
Long-term Debt	26,260	26,818	29,300
Debt Instrument [Line Items]
Long term debt	$ 26,260	$ 26,818	$ 29,300

- Definition

+ References+ Details

Accrued Liabilities and Deferred Credits (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Payables and Accruals [Abstract]
Employee-related Liabilities, Current	$ 3,705	$ 3,529
Deferred revenue	29,996	27,962
Environmental and insurance liabilities	1,071	1,621
Other accrued liabilities	14,875	9,240
Total accrued liabilities and deferred credits	$ 49,647	$ 42,352

Accrued Liabilities and Deferred Credits - Additional Information (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013 acre	Dec. 31, 2006 acre	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deferred revenue	$ 29,996		$ 27,962
Florida Department of Transportation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deferred revenue	$ 23,500		$ 23,500
Acres of land sold		3,900
Acres of land remaining to be transferred	1,595

Income Taxes - Provision for Income Tax (Benefit) Expense (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current:
Federal	$ 349	$ 34	$ (2,091)
State	169	118	(70)
Total	518	152	(2,161)
Deferred:
Federal	(366)	196	(52,450)
State	(561)	39	(1,047)
Total	(927)	235	(53,497)
Income tax (benefit) expense	$ (409)	$ 387	$ (55,658)

- Definition

Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

Income Taxes - Allocation of Tax Expense (Benefit) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (409)	$ 387	$ (55,658)
Excess tax expense on stock-based compensation			907
Deferred tax expense on accumulated other comprehensive income			7,888
Total			8,795
Total income tax (benefit) expense	$ (409)	$ 387	$ (46,863)

Income Taxes - Income Tax Expense (Benefit) Reconciliation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	35.00%		35.00%	35.00%
Tax at the statutory federal rate		$ 1,603	$ 2,240	$ (135,078)
State income taxes (net of federal benefit)		160	224	(13,508)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount		(2,218)	(2,870)	94,505
Real estate investment trust income exclusion		0	0	(1,468)
Other		46	793	(109)
Total income tax (benefit) expense		$ (409)	$ 387	$ (55,658)

Income Taxes - Deferred Tax Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Deferred Tax Assets, Gross [Abstract]
Federal net operating carryforwards	$ 26,884	$ 29,222
State net operating loss carryforwards	20,759	20,888
Impairment losses	151,050	150,514
Prepaid income from land sales	10,210	10,262
Other	4,697	4,968
Total gross deferred tax assets	213,600	215,854
Valuation allowance	(93,058)	(95,276)
Total net deferred tax assets	120,542	120,578
Deferred Tax Liabilities, Gross [Abstract]
Investment in real estate and property and equipment basis differences	1,726	2,055
Deferred gain on land sales and involuntary conversions	31,385	32,255
Prepaid pension asset	15,596	16,173
Installment sale	58,969	58,138
Total gross deferred tax liabilities	107,676	108,621
Net deferred tax asset	$ 12,866	$ 11,957

Income Taxes - Additional Information (Details) (USD $)	12 Months Ended
Income Taxes - Additional Information (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Operating loss carry forwards, federal	$ 76,800,000	$ 83,500,000
Operating loss carry forwards, state	593,100,000	596,800,000
Operating loss carry forwards, expiration year	2031
Valuation allowance, change in amount	(2,218,000)
Deferred tax assets, valuation allowance	93,058,000	95,276,000
Valuation Allowance recorded in accumulated comprehensive income	2,100,000	3,000,000
Operating loss carryforwards, valuation allowance	8,400,000	9,600,000
Unrecognized tax benefits		$ 1,700,000

Restructuring - Additional Information (Detail) (USD $)	12 Months Ended			12 Months Ended
Restructuring - Additional Information (Detail) (USD $)	Dec. 31, 2012	Dec. 31, 2011	Apr. 11, 2011 2011 Restructuring Program Person	Dec. 31, 2012 Residential Real Estate	Dec. 31, 2011 Residential Real Estate	Dec. 31, 2012 Commercial Real Estate	Dec. 31, 2011 Commercial Real Estate	Dec. 31, 2012 Rural land	Dec. 31, 2011 Rural land	Dec. 31, 2012 Forestry	Dec. 31, 2011 Forestry	Dec. 31, 2012 Corporate and Other [Member]	Dec. 31, 2011 Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Number of senior management members entered into separation agreements			4
Restructuring costs incurred		$ 10,900,000
2011 and prior restructuring and relocation programs
Restructuring Reserve	790,000	960,000		341,000	239,000	186,000	9,000	149,000	36,000	0	19,000	114,000	657,000
Costs Accrued (Adjustments)	0	11,551,000		(24,000)	699,000	(186,000)	1,657,000	(145,000)	196,000	0	77,000	355,000	8,922,000
Payments	745,000	11,721,000		317,000	597,000	0	1,480,000	4,000	83,000	0	96,000	424,000	9,465,000
Restructuring Reserve	45,000	790,000		0	341,000	0	186,000	0	149,000	0	0	45,000	114,000
Cumulative Charges	$ 48,715,000			$ 20,153,000		$ 2,818,000		$ 2,617,000		$ 571,000		$ 22,556,000

Stock Repurchase Program - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended	24 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2013 Executives	Dec. 31, 2012 Executives	Dec. 31, 2011 Executives
Equity [Abstract]
Stock repurchase program, authorized amount	$ 950.0
Stock repurchase from inception		846.2
Stock repurchased during period (in shares)		27,945,611
Strike prices and taxes due on exercised stock options and vested restricted stock (in shares)		2,651,238
Acquired shares from repurchase program		30,596,849
Treasury shares cancelled and retired, shares	30,497,699
Treasury shares cancelled and retired, reduction in common stock	51.1
Treasury shares cancelled and retired, reduction in retained earnings	$ 885.1
Equity, Class of Treasury Stock [Line Items]
Stock surrendered during period (in shares)			3,378	9,529	179,221

Stock-Based Compensation Recorded in Corporate Expense, Net, on Consolidated Statements of Operations (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock compensation expense before tax benefit	$ 247	$ 998	$ 8,452
Income tax benefit	0	(384)	(3,254)
Stock compensation expense after tax benefit	$ 247	$ 614	$ 5,198

Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Number of Shares
Number of shares, beginning balance		105,100
Number of shares, forfeited or expired		5,325
Number of shares, ending balance		99,775.000	105,100
Weighted Average Exercise Price
Weighted average exercise price, beginning balance		$ 52.96
Weighted average exercise price, forfeited or expired		$ 30.30
Weighted average exercise price, ending balance		$ 54.15	$ 52.96
Additional Disclosures
Weighted average remaining contractual life (years), beginning balance		2 years 10 months 24 days	3 years 8 months 12 days
Weighted average remaining contractual life (years), ending balance		2 years 10 months 24 days	3 years 8 months 12 days
Weighted average remaining contractual life (years), vested or expected to vest		2 years 10 months 24 days
Weighted average remaining contractual life (years), exercisable		2 years 10 months 24 days
Number of shares, vested or expected to vest		99,775
Number of shares, exercisable		99,775
Weighted average exercise price, vested or expected to vest		$ 54.15
Weighted average exercise price, exercisable		$ 54.15
Number of Units
Number of units, beginning balance		11,387,000
Number of units, granted		11,898,000
Number of units, vested		23,285,000	100,000
Number of units, ending balance		0	11,387,000
Weighted Average Grant Date Fair Value
Weighted average grant date fair value, beginning balance		$ 21,520.00
Weighted average grant date fair value, granted		$ 20.49	$ 16.30	$ 28.01
Weighted average grant date fair value, vested		$ 21,520.00
Weighted average grant date fair value, ending balance		$ 0.00	$ 21,520.00
Non vested shares restricted shares, vesting period			4 years
Shares available for future issuance		1,500,000
Accelerated vesting of restricted shares	300,000
Accelerated stock compensation expense	$ 6,200,000
Intrinsic value of options exercised				100,000
Stock option exercised		0	0	4,000
Proceeds from exercise of stock options		0	0	100,000
Tax benefit from stock options exercised				0
Fair values of vested restricted stock and stock options		$ 500,000	$ 1,500,000	$ 9,700,000
Market Condition Restricted Stock Units
Number of Units
Number of units, granted				23,192
Weighted Average Grant Date Fair Value
Weighted average grant date fair value, granted				$ 15.69
Performance period (in years)			3 years

Employee Benefit Plan - Change in Projected Benefit Obligation and Pan Assets (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation, beginning of year	$ 26,741	$ 25,828
Service cost	225	889	3,059
Interest cost	653	712	1,225
Actuarial (gain) loss	(888)	3,059
Benefits paid	(101)	(29)
Settlement loss	(3,099)	(3,718)
Projected benefit obligation, end of year	23,531	26,741	25,828
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of assets, beginning of year	60,097	60,953
Actual return on assets	2,378	3,543
Settlements	(3,099)	(3,718)
Benefits and expenses paid	(728)	(681)
Fair value of assets, end of year	58,648	60,097	60,953
Funded status at end of year	$ 35,117	$ 33,356
Ratio of plan assets to projected benefit obligation	249.00%	225.00%

Employee Benefit Plan - Summary of Components of Net Periodic Pension Cost (Benefit) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 225	$ 889	$ 3,059
Interest cost	653	712	1,225
Expected return on assets	(443)	(2,315)	(3,038)
Amortization of prior service costs	0	440	649
Amortization of loss	326	48	0
Settlement charges	739	1,162	3,698
One-time charge in connection with an increase in benefits for certain participants	0	0	1,401
Curtailment charge	0	2,063	2,173
Net periodic pension cost	1,500	2,999	9,167
Other changes in plan assets and obligations recognized in Other comprehensive income:
Prior service cost	0	(2,503)	(769)
(Gain) loss	(3,260)	1,275	(2,531)
Total other comprehensive income	(3,260)	(1,228)	(3,300)
Total net periodic pension cost and other comprehensive income (loss)	$ (1,760)	$ 1,771	$ 5,867

Employee Benefit Plan - Summary of Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Compensation and Retirement Disclosure [Abstract]
Discount rate used to develop end of period benefit obligations	4.37%	3.27%
Discount rate used to develop net periodic pension cost	4.37%	3.50%	4.59%
Expected long term rate on plan assets used to develop net periodic pension cost	0.00%	4.75%	5.00%
Rate of compensation increase used to develop net periodic pension cost			3.75%

Employee Benefit Plan - Plan Assets at Fair Value (Details) (USD $) In Thousands, unless otherwise specified										12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 Level 1	Dec. 31, 2012 Level 1	Dec. 31, 2012 Level 2	Dec. 31, 2013 Level 3	Dec. 31, 2012 Level 3	Dec. 31, 2011 Level 3	Dec. 31, 2012 Fixed income investments	Dec. 31, 2012 Equity type investments	Dec. 31, 2013 Cash	Dec. 31, 2013 Cash Level 1	Dec. 31, 2012 Common/collective trusts	Dec. 31, 2012 Common/collective trusts U.S. short maturity fixed income investments	Dec. 31, 2012 Common/collective trusts U. S. Large Cap equities	Dec. 31, 2012 Common/collective trusts International equities	Dec. 31, 2012 Common/collective trusts Level 2	Dec. 31, 2012 Mutual funds	Dec. 31, 2012 Mutual funds Short term fixed income fund	Dec. 31, 2012 Mutual funds Level 2	Dec. 31, 2013 Money market funds	Dec. 31, 2012 Money market funds	Dec. 31, 2013 Money market funds Level 1	Dec. 31, 2012 Money market funds Level 1	Dec. 31, 2013 U.S. treasury securities	Dec. 31, 2013 U.S. treasury securities Level 1	Dec. 31, 2012 Other	Dec. 31, 2012 Other Level 3
Defined Benefit Plan Disclosure [Line Items]
Investment strategy range, minimum										65.00%	5.00%
Investment strategy range, maximum										95.00%	35.00%
Fair value of plan assets	$ 58,648	$ 60,097	$ 60,953	$ 58,648	$ 478	$ 58,692	$ 0	$ 927	$ 810			$ 115	$ 115	$ 34,936				$ 34,936	$ 23,756		$ 23,756	$ 697	$ 478	$ 697	$ 478	$ 57,836	$ 57,836	$ 927	$ 927
Percentage of fair value of investments															67.00%	25.00%	8.00%			100.00%

Employee Benefit Plan - Change in Fair Value of Plan Assets (Details) (USD $) In Thousands, unless otherwise specified				12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 Level 3	Dec. 31, 2012 Level 3
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of assets, beginning of year	$ 58,648	$ 60,097	$ 60,953	$ 927	$ 810
Sales				(1,648)	0
Realized gain on sale				721	0
Unrealized gains relating to instruments still held at the reporting date				0	117
Fair value of assets, end of year	$ 58,648	$ 60,097	$ 60,953	$ 0	$ 927

Employee Benefit Plan - Expected Benefit Payments (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract]
2014	$ 11,739
2015	616
2016	752
2017	757
2018	863
2019-2023	$ 5,908

Employee Benefit Plan - Additional Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Compensation and Retirement Disclosure [Abstract]
Curtailment charge	$ 0	$ 2,063,000	$ 2,173,000
Settlement charges	(739,000)	(1,162,000)	(3,698,000)
Settlement losses and curtailment charges	0	(2,063,000)	(5,871,000)
Prepaid pension asset	35,117,000	33,356,000
Accumulated benefit obligation of the pension plan	23,531,000	26,741,000	25,828,000
Net periodic pension cost included in accumulated other comprehensive loss	5,400,000	8,700,000
Estimated actuarial loss that will be amortized from accumulated other comprehensive income into net periodic pension cost , next fiscal year	500,000
Deferred compensation plan, contributions			$ 200,000

- Definition

The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost.

+ References+ Details

- Summary of Changes in Accumulated Other Comprehensive Loss for Pension Plan Items (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive loss beginning balance	$ (8,652)
Other comprehensive income before reclassifications	(27)
Amounts reclassified from accumulated other comprehensive loss	1,162
Total other comprehensive income (loss), net of tax	1,135	1,228	666
Accumulated other comprehensive loss ending balance	(7,517)	(8,652)
Settlement cost	0	2,503	1,106
Investment income, net	1,498	1,219	1,130
Net income	4,966	5,990	(330,308)
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive loss beginning balance	(8,652)
Other comprehensive income before reclassifications	2,191
Amounts reclassified from accumulated other comprehensive loss	1,069
Total other comprehensive income (loss), net of tax	3,260
Accumulated other comprehensive loss ending balance	(5,392)
Defined Benefit Pension Items \| Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amortization of loss	326
Settlement cost	743
Net income	1,069
Unrealized Gains and Losses on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive loss beginning balance	0
Other comprehensive income before reclassifications	(2,218)
Amounts reclassified from accumulated other comprehensive loss	93
Total other comprehensive income (loss), net of tax	(2,125)
Accumulated other comprehensive loss ending balance	(2,125)
Unrealized Gains and Losses on Available-for-Sale Securities \| Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Net income	$ 1,162

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

Segment Information - Information by Business Segment (Details) (USD $)	3 Months Ended									12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Segment Reporting Information [Line Items]
Operating revenues	$ 33,868,000	$ 36,827,000	$ 33,788,000	$ 26,773,000	$ 22,614,000	$ 55,907,000	$ 30,357,000	$ 30,518,000		$ 131,256,000	$ 139,396,000	$ 145,285,000
Depreciation, depletion and amortization										9,131,000	10,110,000	15,840,000
Investment income, net										1,498,000	1,219,000	1,130,000
Interest Expense										(2,040,000)	(2,820,000)	(3,921,000)
Equity income (loss) in from unconsolidated affiliates										112,000	(46,000)	(93,000)
Income (loss) before equity in loss from unconsolidated affiliates and income taxes:										4,445,000	6,423,000	(385,873,000)
Payments to Acquire Productive Assets										42,060,000	23,395,000	30,722,000
Assets	669,472,000				645,521,000					669,472,000	645,521,000
Impairment losses									374,800,000	5,080,000	2,551,000	377,325,000
Pension charges										0	2,063,000	5,871,000
Equity Method Investments	2,200,000				2,200,000					2,200,000	2,200,000
Residential Real Estate
Segment Reporting Information [Line Items]
Operating revenues										33,698,000	22,115,000	12,595,000
Depreciation, depletion and amortization										776,000	1,802,000	2,457,000
Interest Expense										(1,999,000)	(2,802,000)	(3,555,000)
Income (loss) before equity in loss from unconsolidated affiliates and income taxes:										4,558,000	(6,772,000)	(355,080,000)
Payments to Acquire Productive Assets										12,284,000	7,679,000	12,023,000
Assets	141,097,000				141,526,000					141,097,000	141,526,000
Impairment losses										200,000		337,600,000
Commercial Real Estate
Segment Reporting Information [Line Items]
Operating revenues										10,881,000	10,400,000	3,778,000
Interest Expense										(41,000)	(18,000)	(366,000)
Income (loss) before equity in loss from unconsolidated affiliates and income taxes:										3,298,000	(271,000)	(42,516,000)
Payments to Acquire Productive Assets										2,388,000	3,829,000	11,833,000
Assets	62,924,000				64,961,000					62,924,000	64,961,000
Impairment losses												38,200,000
Rural land
Segment Reporting Information [Line Items]
Operating revenues										85,000	23,413,000	3,472,000
Income (loss) before equity in loss from unconsolidated affiliates and income taxes:										22,000	16,791,000	2,158,000
Assets	6,147,000				6,219,000					6,147,000	6,219,000
Resorts, leisure and leasing operations
Segment Reporting Information [Line Items]
Operating revenues										50,767,000	44,407,000	38,239,000
Depreciation, depletion and amortization										6,424,000	5,714,000	6,924,000
Equity income (loss) in from unconsolidated affiliates										112,000	(46,000)	(93,000)
Income (loss) before equity in loss from unconsolidated affiliates and income taxes:										(1,928,000)	(1,414,000)	(8,020,000)
Payments to Acquire Productive Assets										23,486,000	9,023,000	4,007,000
Assets	142,940,000				125,596,000					142,940,000	125,596,000
Impairment losses										4,900,000	2,600,000	1,400,000
Forestry
Segment Reporting Information [Line Items]
Operating revenues										35,450,000	38,977,000	86,703,000
Depreciation, depletion and amortization										1,775,000	2,105,000	4,950,000
Income (loss) before equity in loss from unconsolidated affiliates and income taxes:										13,384,000	13,475,000	59,092,000
Payments to Acquire Productive Assets										3,678,000	2,701,000	2,766,000
Assets	54,742,000				53,839,000					54,742,000	53,839,000
Other
Segment Reporting Information [Line Items]
Operating revenues										375,000	84,000	498,000
Depreciation, depletion and amortization										156,000	489,000	1,509,000
Investment income, net										113,000	68,000	102,000
Income (loss) before equity in loss from unconsolidated affiliates and income taxes:										(14,889,000)	(15,386,000)	(41,507,000)
Payments to Acquire Productive Assets										224,000	163,000	93,000
Assets	261,622,000				253,380,000					261,622,000	253,380,000
Pension charges											2,100,000	5,900,000
Corporate
Segment Reporting Information [Line Items]
Investment income, net										$ 1,385,000	$ 1,151,000	$ 1,028,000

Commitments and Contingencies - Additional Information (Details) (USD $)	12 Months Ended				0 Months Ended
	Dec. 31, 2013 T	Dec. 31, 2012	Dec. 31, 2013 Surety bonds Certain development projects	Dec. 31, 2012 Surety bonds Certain development projects	Nov. 06, 2013 AgReserves Sale
Commitments and Contingencies Disclosure [Abstract]
Threshold of ownership percentage in Company for private investigation of compliance	5.00%
Environmental liabilities	$ 1,071,000	$ 1,621,000
Purchase obligations, total	21,000,000
Purchase obligations, 2014	19,700,000
Purchase obligations, 2015	1,100,000
Purchase obligations, 2016	200,000
Supply commitment (in tons)	3,900,000
Gain (loss) on contract termination					21,000,000
Guarantor Obligations [Line Items]
Commitment obligations			14,100,000	10,300,000
Proposed land sale, reimburseable costs and expenses upon termination					$ 1,500,000.0

Quarterly Financial Data (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]
Operating revenues	$ 33,868	$ 36,827	$ 33,788	$ 26,773	$ 22,614	$ 55,907	$ 30,357	$ 30,518	$ 131,256	$ 139,396	$ 145,285
Operating income (loss)	(1,964)	3,383	1,583	(2,225)	(9,258)	15,360	(2,367)	(1,601)	777	2,134	(386,807)
Net income (loss) attributable to the Company	$ 562	$ 4,198	$ 2,704	$ (2,474)	$ (8,630)	$ 15,340	$ 176	$ (874)	$ 4,990	$ 6,012	$ (330,279)
Basic and diluted income (loss) per share attributable to the Company	$ 0.00	$ 0.05	$ 0.03	$ (0.03)	$ (0.09)	$ 0.17	$ 0.00	$ (0.01)	$ 0.05	$ 0.07	$ (3.58)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

+ Details

Real Estate and Accumulated Depreciation (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	$ 11,513
Initial Cost to Company, Land	132,269
Initial Cost to Company, Buildings & Improvements	34,966
Initial Cost to Company, Costs Capitalized Subsequent to Acquisition	269,029
Land & Land Improvements	335,870
Buildings and Improvements	100,394
Total	436,264	418,197	429,431	799,506
Accumulated Depreciation	53,496	49,772
Land with infrastructure
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	3,428
Initial Cost to Company, Land	12,390
Initial Cost to Company, Buildings & Improvements	7,929
Initial Cost to Company, Costs Capitalized Subsequent to Acquisition	51,792
Land & Land Improvements	64,182
Buildings and Improvements	7,929
Total	72,111
Accumulated Depreciation	923
Buildings
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	0
Initial Cost to Company, Land	16,551
Initial Cost to Company, Buildings & Improvements	25,153
Initial Cost to Company, Costs Capitalized Subsequent to Acquisition	99,899
Land & Land Improvements	48,592
Buildings and Improvements	92,465
Total	141,057
Accumulated Depreciation	50,899
Residential and resorts and leisure
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	8,085
Initial Cost to Company, Land	71,774
Initial Cost to Company, Buildings & Improvements	1,884
Initial Cost to Company, Costs Capitalized Subsequent to Acquisition	84,894
Land & Land Improvements	159,098
Buildings and Improvements	0
Total	159,098
Accumulated Depreciation	843
Timberlands
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	0
Initial Cost to Company, Land	25,589
Initial Cost to Company, Buildings & Improvements	0
Initial Cost to Company, Costs Capitalized Subsequent to Acquisition	30,146
Land & Land Improvements	55,735
Buildings and Improvements	0
Total	55,735
Accumulated Depreciation	831
Unimproved land
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost to Company, Encumbrances	0
Initial Cost to Company, Land	5,965
Initial Cost to Company, Buildings & Improvements	0
Initial Cost to Company, Costs Capitalized Subsequent to Acquisition	2,298
Land & Land Improvements	8,263
Buildings and Improvements	0
Total	8,263
Accumulated Depreciation	$ 0

Schedule III (Consolidated) - Real Estate and Accumulated Depreciation - Reconciliation of Real Estate Owned (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Balance at beginning of the year	$ 418,197	$ 429,431	$ 799,506
Amounts capitalized	44,795	21,058	28,309
Impairments	(5,080)	(2,551)	(377,270)
Cost of real estate sold	(22,022)	(27,248)	(10,444)
Amounts retired or adjusted	374	(2,493)	(10,670)
Balance at the end of the year	$ 436,264	$ 418,197	$ 429,431

Schedule III (Consolidated) - Real Estate and Accumulated Depreciation - Reconciliation of Accumulated Depreciation (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Balance at beginning of the year	$ 49,772	$ 44,489	$ 41,992
Depreciation expense	6,547	7,494	12,215
Amounts retired or adjusted	(2,823)	(2,211)	(9,718)
Balance at the end of the year	$ 53,496	$ 49,772	$ 44,489

Schedule III (Consolidated) - Real Estate and Accumulated Depreciation - Additional Information (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Aggregate cost of real estate owned for federal income tax purposes	$ 699

Schedule IV (Consolidated) - Mortgage Loans on Real Estate (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013
Mortgage Loans on Real Estate [Line Items]
Carrying Amount of Mortgages	$ 5,354
Seller financing \| Seller financing, maturing August 2015
Mortgage Loans on Real Estate [Line Items]
Interest Rate	4.00%
Prior Liens	0
Carrying Amount of Mortgages	3,416
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Seller financing \| Seller financing, maturing February 2015
Mortgage Loans on Real Estate [Line Items]
Interest Rate, Minimum	4.00%
Interest Rate, Maximum	6.00%
Prior Liens	0
Carrying Amount of Mortgages	1,291
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Various other seller financing \| Various other seller financing, maturing October 2016 through December 2016
Mortgage Loans on Real Estate [Line Items]
Interest Rate	5.00%
Prior Liens	0
Carrying Amount of Mortgages	647
Principal Amount of Loans Subject to Delinquent Principal or Interest	$ 0

Schedule IV (Consolidated) - Mortgage Loans on Real Estate - Carrying Amount of Mortgage Loans (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of the year	$ 1,158	$ 1,752	$ 2,617
Additions during the year - new mortgage loans	5,854	0	681
Collections of principal	1,363	594	1,546
Foreclosures	295	0	0
Balance at the end of the year	$ 5,354	$ 1,158	$ 1,752

Nature of Operations	12 Months Ended
Nature of Operations	Dec. 31, 2013
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The St. Joe Company and its consolidated subsidiaries unless the context indicates otherwise (the “Company”) is a Florida real estate development and operating company that as of December 31, 2013 owned approximately 567,000 acres of land concentrated primarily between Tallahassee and Destin, Florida. The Company conducts primarily all of its business in five reportable operating segments: 1) residential real estate, 2) commercial real estate, 3) rural land, 4) resorts, leisure and leasing operations and 5) forestry.

Nature of Operations - Additional Information (Details)	12 Months Ended
Nature of Operations - Additional Information (Details)	Dec. 31, 2013 Segment acre
Accounting Policies [Abstract]
Land owned (in acres)	567,000
Number of reportable operating segments	5