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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income from continuing operations $ 306,793 $ 13,435
Adjustments to reconcile net income from continuing operations to net cash used for operating activities:    
Depreciation and amortization 14,476 10,496
Inventory and other asset impairments and write-offs 1,070 5,962
Loss on early extinguishment of debt, net 0 9,146
Realized gain on sale of marketable securities (443) (676)
Decrease in deferred tax valuation allowance (232,939) (7,243)
Stock-based compensation expense 13,690 11,676
Changes in assets and liabilities:    
Increase in inventories (466,429) (145,318)
Net change in other assets, payables and other liabilities 136,238 68,099
Other operating activities, net (728) (947)
Net cash used for operating activities from continuing operations (228,272) (35,370)
CASH FLOWS FROM INVESTING ACTIVITIES    
(Contributions to) return of investment in unconsolidated joint ventures, net (3,439) 2,077
Additions to property, plant and equipment (14,475) (8,884)
Purchases of marketable securities, available-for-sale (615,755) (855,226)
Proceeds from sales and maturities of marketable securities, available-for-sale 634,272 697,604
Cash paid for business acquisitions (50,930) (35,974)
Other investing activities 0 109
Net cash used for investing activities from continuing operations (50,327) (200,294)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash proceeds of long-term debt 267,500 475,000
Retirement of long-term debt 0 (177,219)
Increase in borrowings against revolving credit facilities, net 0 8,524
Decrease in short-term borrowings (4,549) (1,489)
Common stock dividends (4,144) (4,051)
Issuance of common stock under stock-based compensation 27,391 10,597
Increase in restricted cash (21,155) (9,883)
Net cash provided by financing activities from continuing operations 265,043 301,479
Net (decrease) increase in cash and cash equivalents from continuing operations (13,556) 65,815
Cash flows from operating activities-discontinued operations (24) (56)
Cash flows from investing activities-discontinued operations 24 88
Cash flows from financing activities-discontinued operations 0 0
Cash and cash equivalents at beginning of period 158,114 [1] 159,336 [1]
CASH AND CASH EQUIVALENTS AT END OF PERIOD 144,558 [2] 225,183 [2]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for income taxes (2,303) (400)
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES    
Decrease in consolidated inventory not owned related to land options $ 5,693 $ 8,640
[1] Includes cash and cash equivalents of $27,000 and $56,000 associated with discontinued operations at December 31, 2012 and 2011, respectively.
[2] Includes cash and cash equivalents of $27,000 and $88,000 associated with discontinued operations at September 30, 2013 and 2012, respectively.