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Consolidated Statements of Earnings (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Homebuilding $ 217,906 $ 362,337 $ 386,491 $ 604,217
Financial services 7,317 10,936 13,661 19,824
TOTAL REVENUES 225,223 373,273 400,152 624,041
EXPENSES        
Cost of sales 190,463 313,667 343,214 526,083
Loss (income) from unconsolidated joint ventures 1,702 (74) 1,630 (176)
Selling, general and administrative 28,692 37,741 57,775 69,927
Financial services 5,253 11,570 10,388 19,986
Corporate 4,925 7,997 9,912 14,250
Interest 5,346 6,779 11,633 13,593
TOTAL EXPENSES 236,381 377,680 434,552 643,663
OTHER INCOME (LOSS)        
Gain from marketable securities, net 1,302 1,715 2,610 2,870
Loss related to early retirement of debt, net (857) (19,071) (857) (19,308)
TOTAL OTHER INCOME (LOSS) 445 (17,356) 1,753 (16,438)
Loss before taxes (10,713) (21,763) (32,647) (36,060)
Tax benefit 0 0 (2,398) 0
NET LOSS $ (10,713) $ (21,763) $ (30,249) $ (36,060)
NET LOSS PER COMMON SHARE        
Basic (in dollars per share) $ (0.24) $ (0.49) $ (0.68) $ (0.82)
Diluted (in dollars per share) $ (0.24) $ (0.49) $ (0.68) $ (0.82)
AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 44,368,874 44,038,558 44,303,958 43,976,576
Diluted (in shares) 44,368,874 44,038,558 44,303,958 43,976,576
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06