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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Homebuilding:    
Home sale revenues$ 241,434$ 206,516$ 589,369$ 698,138
Land sale revenues3599504681,856
Total revenues241,793207,466589,837699,994
Cost of home sales(203,188)(157,677)(486,933)(543,400)
Cost of land sales(359)(954)(473)(1,628)
Total cost of sales(203,547)(158,631)(487,406)(545,028)
Gross margin38,24648,835102,431154,966
Selling, general and administrative expenses(39,124)(36,339)(109,828)(112,504)
Income (loss) from unconsolidated joint ventures(455)1,801(1,091)1,141
Interest expense(4,250)(10,257)(22,209)(32,721)
Loss on early extinguishment of debt (999) (6,189)
Other income (expense)(1,948)1,035(679)4,277
Homebuilding pretax income (loss)(7,531)4,076(31,376)8,970
Financial Services:    
Revenues3,5293,4307,1249,711
Expenses(2,324)(2,721)(7,171)(8,026)
Other income423098111
Financial services pretax income1,247739511,796
Income (loss) before income taxes(6,284)4,815(31,325)10,766
Provision for income taxes(150)(272)(425)(633)
Net income (loss)(6,434)4,543(31,750)10,133
Less: Net (income) loss allocated to preferred shareholder2,780(2,676)13,743(5,982)
Net income (loss) available to common stockholders$ (3,654)$ 1,867$ (18,007)$ 4,151
Income (Loss) Per Common Share:    
Basic (in Dollars per share)$ (0.02)$ 0.02$ (0.09)$ 0.04
Diluted (in Dollars per share)$ (0.02)$ 0.02$ (0.09)$ 0.04
Weighted Average Common Shares Outstanding:    
Basic (in Shares)194,311,129103,100,974193,686,614102,582,491
Diluted (in Shares)194,311,129106,137,371193,686,614111,005,597
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares)147,812,786147,812,786147,812,786147,812,786