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Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES        
Homebuilding $ 349,196 $ 241,339 $ 843,324 $ 607,692
Financial services 9,497 7,227 25,007 20,394
TOTAL REVENUES 358,693 248,566 868,331 628,086
EXPENSES        
Cost of sales 281,961 199,139 685,781 517,829
Selling, general and administrative 48,281 44,388 132,176 116,193
Financial services 6,111 5,198 18,032 15,092
Interest 3,236 3,952 10,985 14,474
TOTAL EXPENSES 339,589 252,677 846,974 663,588
OTHER (LOSS) INCOME        
Gain from marketable securities, net 472 680 1,437 3,290
Loss related to early retirement of debt, net (9,146) (477) (9,146) (1,334)
TOTAL OTHER (LOSS) INCOME (8,674) 203 (7,709) 1,956
Income (loss) from continuing operations before taxes 10,430 (3,908) 13,648 (33,546)
Tax expense (benefit) 23 (18) 213 (2,416)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 10,407 (3,890) 13,435 (31,130)
Income (loss) from discontinued operations, net of taxes 238 (17,423) (1,626) (20,432)
NET INCOME (LOSS) $ 10,645 $ (21,313) $ 11,809 $ (51,562)
Basic        
Continuing operations (in dollars per share) $ 0.23 $ (0.09) $ 0.30 $ (0.70)
Discontinued operations (in dollars per share) $ 0.01 $ (0.39) $ (0.04) $ (0.46)
Total (in dollars per share) $ 0.24 $ (0.48) $ 0.26 $ (1.16)
Diluted        
Continuing operations (in dollars per share) $ 0.21 $ (0.09) $ 0.30 $ (0.70)
Discontinued operations (in dollars per share) $ 0.01 $ (0.39) $ (0.04) $ (0.46)
Total (in dollars per share) $ 0.22 $ (0.48) $ 0.26 $ (1.16)
AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 44,825,943 44,408,594 44,643,139 44,339,168
Diluted (in shares) 52,653,824 44,408,594 45,163,680 44,339,168
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.03 $ 0.03 $ 0.09 $ 0.09