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Valuation Adjustments and Write-offs
12 Months Ended
Dec. 31, 2012
Valuation Adjustments and Write offs [Abstract]  
Valuation Adjustments and Write-offs [Text Block]
Valuation Adjustments and Write-offs

The Company assesses inventory for recoverability on a quarterly basis, by reviewing for impairment whenever events or changes in local or national economic conditions indicate that the carrying amount of an asset may not be recoverable.

A summary of the Company’s valuation adjustments and write-offs for the years ended December 31, 2012, 2011 and 2010 is as follows:
 
Year Ended December 31,
(In thousands)
2012
 
2011
 
2010
Impairment of operating communities:
 
 
 
 
 
 Midwest
$
285

 
$
5,493

 
$
828

 Southern

 
2,608

 
621

 Mid-Atlantic

 
1,833

 
3,121

Total impairment of operating communities (a)
$
285

 
$
9,934

 
$
4,570

Impairment of future communities:
 
 
 
 
 
 Midwest
$
2,732

 
$
6,985

 
$
2,837

 Southern

 
3,455

 
3,134

 Mid-Atlantic

 

 
1,290

Total impairment of future communities (a)
$
2,732

 
$
10,440

 
$
7,261

Impairment of land held for sale:
 
 
 
 
 
 Midwest
$
95

 
$

 
$

 Southern

 
590

 
587

 Mid-Atlantic

 

 
88

Total impairment of land held for sale (a)
$
95

 
$
590

 
$
675

Option deposits and pre-acquisition costs write-offs:
 
 
 
 
 
 Midwest
$
36

 
$
441

 
$
198

 Southern
110

 
89

 
160

 Mid-Atlantic
110

 
444

 
262

Total option deposits and pre-acquisition costs write-offs (b)
$
256

 
$
974

 
$
620

Impairment of investments in Unconsolidated LLCs:
 
 
 
 
 
 Midwest
$
390

 
$
979

 

 Southern

 
50

 
32

 Mid-Atlantic

 

 

Total impairment of investments in Unconsolidated LLCs (a)
$
390

 
$
1,029

 
$
32

Total impairments and write-offs of option deposits and pre-acquisition costs
$
3,758

 
$
22,967

 
$
13,158


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

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