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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) from continuing operations $ 13,435 $ (31,130)
Adjustments to reconcile net income (loss) from continuing operations to net cash used for operating activities:    
Depreciation and amortization 10,496 8,479
Inventory and other asset impairments and write-offs 5,962 16,185
Loss on early extinguishment of debt, net 9,146 1,334
Gain on sale of marketable securities (497) (1,842)
(Decrease) increase in deferred tax valuation allowance (7,243) 19,019
Stock-based compensation expense 11,676 6,616
Changes in assets and liabilities:    
Increase in inventories (174,237) (94,767)
Net change in other assets, payables and other liabilities 61,107 (44,214)
Other operating activities, net (947) (639)
Net cash used for operating activities from continuing operations (71,102) (120,959)
CASH FLOWS FROM INVESTING ACTIVITIES    
Return of investment in unconsolidated joint ventures, net 2,077 1,826
Additions to property, plant and equipment (9,126) (9,162)
Purchases of marketable securities, available-for-sale (854,310) (1,116,971)
Proceeds from sales and maturities of marketable securities, available-for-sale 695,977 1,216,923
Other investing activities 109 29
Net cash (used for) provided by investing activities from continuing operations (165,273) 92,645
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash proceeds of long-term debt 475,000 0
Retirement of long-term debt (177,219) (45,952)
Increase in borrowings against revolving credit facilities, net 8,524 0
Decrease in short-term borrowings (1,489) (3,663)
Common stock dividends (4,051) (4,053)
Issuance of common stock under stock-based compensation 10,597 3,529
(Increase) decrease in restricted cash (9,883) 6,299
Net cash provided by (used for) financing activities from continuing operations 301,479 (43,840)
Net increase (decrease) in cash and cash equivalents from continuing operations 65,104 (72,154)
Cash flows from operating activities-discontinued operations (56) 584
Cash flows from investing activities-discontinued operations 88 (337)
Cash flows from financing activities-discontinued operations 0 0
Cash and cash equivalents at beginning of period 159,169 226,397 [1]
CASH AND CASH EQUIVALENTS AT END OF PERIOD 224,305 154,490 [2]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for income taxes (400) (1,328)
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES    
Decrease in consolidated inventory not owned related to land options $ 8,640 $ 26,837
[1] Includes cash and cash equivalents of $56,000 and $39,000 associated with discontinued operations at December 31, 2011 and 2010, respectively.
[2] Includes cash and cash equivalents of $88,000 and $286,000 associated with discontinued operations at September 30, 2012 and 2011, respectively.