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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) from continuing operations $ 379,099 $ 42,382 $ (29,867)
Adjustments to reconcile net income (loss) from continuing operations to net cash used for operating activities:      
Depreciation and amortization 20,517 15,399 11,312
Inventory and other asset impairments and write-offs 2,022 6,262 17,319
Loss on early extinguishment of debt, net 0 9,146 1,608
Realized gain on sale of marketable securities (623) (527) (1,676)
(Decrease) increase in deferred tax valuation allowance (258,867) (11,584) 20,243
Stock-based compensation expense 19,503 17,841 9,671
Changes in assets and liabilities:      
Increase in inventories (541,973) (236,512) (85,985)
Net change in other assets, payables and other liabilities 113,618 37,206 (99,305)
Other operating activities, net (1,264) (792) (988)
Net cash used for operating activities from continuing operations (267,968) (121,179) (157,668)
CASH FLOWS FROM INVESTING ACTIVITIES      
Contributions to unconsolidated joint ventures (5,812) (559) (1,062)
Return of investment in unconsolidated joint ventures 2,585 2,869 3,017
Additions to property, plant and equipment (19,908) (12,224) (10,964)
Purchases of marketable securities, available-for-sale (756,217) (1,176,108) (1,313,281)
Proceeds from sales and maturities of marketable securities, available-for-sale 829,332 1,140,968 1,404,130
Cash paid for business acquisitions (50,930) (80,182) 0
Other investing activities 0 109 118
Net cash (used for) provided by investing activities from continuing operations (950) (125,127) 81,958
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash proceeds of long-term debt 267,500 475,000 0
Retirement of long-term debt 0 (177,219) (52,917)
Increase (decrease) in borrowings against revolving credit facilities, net 73,084 (49,933) 49,933
(Decrease) increase in short-term borrowings (5,298) 2,154 (5,110)
Common stock dividends (5,533) (5,411) (5,405)
Issuance of common stock under stock-based compensation 28,205 14,366 3,622
(Increase) decrease in restricted cash (19,141) (13,844) 17,989
Net cash provided by financing activities from continuing operations 338,817 245,113 8,112
Net increase (decrease) in cash and cash equivalents from continuing operations 69,899 (1,193) (67,598)
Cash flows from operating activities-discontinued operations (25) (104) 469
Cash flows from investing activities-discontinued operations 25 75 (363)
Cash flows from financing activities-discontinued operations 0 0 (89)
Cash and cash equivalents at beginning of period 158,114 [1],[2] 159,336 [1],[2] 226,917 [1]
CASH AND CASH EQUIVALENTS AT END OF PERIOD 228,013 [2] 158,114 [1],[2] 159,336 [1],[2]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION FROM CONTINUING OPERATIONS      
Cash paid for interest, net of capitalized interest (5,165) (12,777) (22,949)
Cash paid for income taxes (3,704) (404) (1,343)
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES FROM CONTINUING OPERATIONS      
Decrease in consolidated inventory not owned related to land options $ 5,945 $ 12,399 $ 27,583
[1] Includes cash and cash equivalents associated with discontinued operations of $27,000, $56,000 and $39,000 at December 31, 2012, 2011 and 2010, respectively.
[2] Includes cash and cash equivalents associated with discontinued operations of $27,000 at December 31, 2013 and 2012, compared to $56,000 at December 31, 2011.