Inventories (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Inventory

The following table sets forth, by reportable segment, information relating to our homebuilding inventories:

	December 31,
	2012		2011
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	200,858	$	121,343
Mountain		183,522		80,964
East		128,569		98,407
Subtotal		512,949		300,714
Land and Land Under Development:
West		230,344		199,941
Mountain		137,221		164,961
East		122,007		140,436
Subtotal		489,572		505,338
Total Inventories	$	1,002,521	$	806,052

Schedule of Impairment of Inventory

Inventory impairments recognized by segment for the years ended December 31, 2012, 2011 and 2010 are shown in the table below:

	Year Ended December 31,
	2012		2011		2010
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	-	$	7,270	$	14,808
Mountain		-		1,850		555
East		295		1,804		542
Subtotal		295		10,924		15,905
Land and Land Under Development:
West		-		1,499		3,163
Mountain		-		449		964
East		810		93		1,163
Subtotal		810		2,041		5,290
Inventory Impairments	$	1,105	$	12,965	$	21,195