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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue        
Home sales revenue $ 206,163 $ 311,276 $ 369,546 $ 452,219
Land sales revenue 2,565 5,699 2,769 5,714
Other revenue 6,957 9,355 13,117 15,475
Total Revenue 215,685 326,330 385,432 473,408
Costs and expenses        
Home cost of sales 179,097 255,062 320,078 364,452
Land cost of sales 1,741 4,974 1,758 5,165
Asset impairments 9,119   9,398  
Marketing expenses 9,897 11,475 19,730 18,535
Commission expenses 7,456 11,611 13,223 16,740
General and administrative expenses 36,237 44,588 72,989 84,791
Other operating expenses 2,447 529 897 1,020
Related party expenses 28   32 9
Total operating costs and expenses 246,022 328,239 438,105 490,712
Loss from operations (30,337) (1,909) (52,673) (17,304)
Other income (expense)        
Interest income 7,872 7,541 15,198 11,969
Interest expense (7,394) (9,436) (16,124) (19,810)
Other 56 105 92 204
Loss before income taxes (29,803) (3,699) (53,507) (24,941)
Benefit from income taxes, net 1,823 15 5,648 384
Net loss $ (27,980) $ (3,684) $ (47,859) $ (24,557)
Loss per share        
Basic $ (0.60) $ (0.08) $ (1.03) $ (0.53)
Diluted $ (0.60) $ (0.08) $ (1.03) $ (0.53)
Dividends declared per share $ 0.25 $ 0.25 $ 0.50 $ 0.50