QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2013

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

NOTE 19    QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

	2013
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
	(In thousands, except for per share amounts)
Total revenues	$	90,091		$	147,052		$	103,514	$	133,953
Operating income		9,294			47,790			10,700		43,430
Net income (loss)		(23,170	)		(76,496	)		7,433		18,538
Net income (loss) attributable to common stockholders		(23,124	)		(76,554	)		7,335		18,553
Earnings (loss) per share:
Basic		(0.59	)		(1.94	)		0.19		0.47
Diluted		(0.59	)		(1.94	)		0.17		0.44
Weighted average shares outstanding:
Basic		39,441			39,445			39,454		39,454
Diluted		39,441			39,445			42,439		42,529

	2012
	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
	(In thousands, except for per share amounts)
Total revenues	$	79,765		$	93,939	$	94,815		$	108,367	(a)
Operating income		9,104			19,057		17,362			26,942
Net income (loss)		(111,522	)		34,992		(50,192	)		(821	)
Net income (loss) attributable to common stockholders		(112,258	)		34,310		(49,411	)		(929	)
Earnings (loss) per share:
Basic		(2.96	)		0.91		(1.30	)		(0.01	)
Diluted		(2.96	)		0.27		(1.30	)		(0.01	)
Weighted average shares outstanding:
Basic		37,903			37,907		37,916			39,778
Diluted		37,903			40,251		37,916			39,778

(a)

Revenues in the fourth quarter of 2012 were higher than the same period in 2011 by $23.3 million primarily due to the lot bid program that was implemented at The Woodlands in the third quarter of 2012.