Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Accumulated Other Comprehensive Income

5. Accumulated Other Comprehensive Income

The following table sets forth our changes in accumulated other comprehensive income:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(Dollars in thousands)
Unrealized gains (losses) on available-for-sale marketable securities a :
Beginning balance	$	7,373		$	(692	)	$	4,838		$	(7,240	)
Other comprehensive income before reclassifications		(5,274	)		419			(3,053	)		6,838
Amounts reclassified from accumulated other comprehensive income b		(1,215	)		(1,117	)		(901	)		(988	)
Ending balance	$	884		$	(1,390	)	$	884		$	(1,390	)
Unrealized gains on available-for-sale metropolitan district bond securities a :
Beginning balance	$	—		$	—		$	—		$	—
Other comprehensive income before reclassifications		4,494			—			4,494			—
Amounts reclassified from accumulated other comprehensive income		—			—			—			—
Ending balance	$	4,494		$	—		$	4,494		$	—
Total ending accumulated other comprehensive income	$	5,378		$	(1,390	)	$	5,378		$	(1,390	)

(a) All amounts net-of-tax.

(b) See separate table below for details about these reclassifications.

The following table sets forth the activity related to reclassifications out of accumulated other comprehensive income:

Gains (losses) on available for sale securities reclassified out of other comprehensive income
	Three Months Ended June 30,					Six Months Ended June 30,
Affected Line Item in the Statements of Operations
	2013		2012			2013		2012
	(Dollars in thousands)
Homebuilding interest income	$	1,166	$	1,133		$	871	$	917
Financial services interest and other income		49		(16	)		30		71
Income before income taxes		1,215		1,117			901		988
Tax (expense) or benefit		—		—			—		—
Net income	$	1,215	$	1,117		$	901	$	988