Valuation Adjustments and Write-offs Valuation Adjustments and Write-offs (Tables)

9 Months Ended

Sep. 30, 2012

Valuation Adjustments and Write offs [Abstract]

Valuation Adjustments and Write-Offs [Table Text Block]

A summary of the Company’s valuation adjustments and write-offs for the three and nine months ended September 30, 2012 and 2011is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2012		2011		2012		2011
Impairment of operating communities:
Midwest	$	—	$	962	$	10	$	3,944
Southern	—		594		—		2,459
Mid-Atlantic	—		—		—		17
Total impairment of operating communities (a)	$	—	$	1,556	$	10	$	6,420
Impairment of future communities:
Midwest	$	1,309	$	141	$	1,771	$	6,519
Southern	—		—		—		3,455
Mid-Atlantic	—		—		—		—
Total impairment of future communities (a)	$	1,309	$	141	$	1,771	$	9,974
Impairment of land held for sale:
Midwest	$	—	$	—	$	95	$	—
Southern	—		—		—		590
Mid-Atlantic	—		—		—		—
Total impairment of land held for sale (a)	$	—	$	—	$	95	$	590
Option deposits and pre-acquisition costs write-offs:
Midwest	$	—	$	121	$	36	$	143
Southern	—		19		110		56
Mid-Atlantic	—		—		110		241
Total option deposits and pre-acquisition costs write-offs (b)	$	—	$	140	$	256	$	440
Impairment of investments in Unconsolidated LLCs:
Midwest	$	—	$	—	$	—	$	979
Southern	—		—		—		50
Mid-Atlantic	—		—		—		—
Total impairment of investments in Unconsolidated LLCs (a)	$	—	$	—	$	—	$	1,029
Total impairments and write-offs of option deposits and pre-acquisition costs	$	1,309	$	1,837	$	2,132	$	18,453

(a) Amounts are recorded within Impairment of inventory and investment in Unconsolidated LLCs in the Company's Unaudited Condensed Consolidated Statements of Operations.

(b) Amounts are recorded within General and administrative expenses in the Company's Unaudited Condensed Consolidated Statements of Operations.