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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Homebuilding:        
Home sale revenues $ 434,308 $ 274,872 $ 789,434 $ 495,189
Land sale revenues 4,373   6,968 3,385
Total revenues 438,681 274,872 796,402 498,574
Cost of home sales (331,503) (218,586) (612,115) (394,181)
Cost of land sales (4,416)   (6,999) (3,366)
Total cost of sales (335,919) (218,586) (619,114) (397,547)
Gross margin 102,762 56,286 177,288 101,027
Selling, general and administrative expenses (54,598) (41,952) (100,892) (79,644)
Income (loss) from unconsolidated joint ventures 147 (1,146) 1,281 (2,668)
Interest expense   (1,617)   (4,147)
Other income (expense) (1,247) 307 2,323 4,591
Homebuilding pretax income 47,064 11,878 80,000 19,159
Financial Services:        
Revenues 7,411 5,405 13,088 9,031
Expenses (3,482) (2,915) (6,804) (5,175)
Other income 151 84 253 147
Financial services pretax income 4,080 2,574 6,537 4,003
Income before taxes 51,144 14,452 86,537 23,162
Provision for income taxes (8,008) (189) (21,577) (376)
Net income 43,136 14,263 64,960 22,786
Less: Net income allocated to preferred shareholder (14,293) (6,130) (23,991) (9,807)
Less: Net income allocated to unvested restricted stock (66) (15) (82) (12)
Net income available to common stockholders $ 28,777 $ 8,118 $ 40,887 $ 12,967
Income Per Common Share:        
Basic (in Dollars per share) $ 0.12 $ 0.04 $ 0.18 $ 0.07
Diluted (in Dollars per share) $ 0.11 $ 0.04 $ 0.16 $ 0.06
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 243,171,726 195,746,733 228,749,443 195,427,992
Diluted (in Shares) 281,708,696 201,340,622 267,274,060 200,564,039
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares) 120,779,819 147,812,786 134,221,626 147,812,786
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in Shares) 402,488,515 349,153,408 401,495,686 348,376,825