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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Homebuilding:        
Home sale revenues $ 204,236 $ 316,709 $ 347,935 $ 491,622
Land sale revenues 109 450 109 906
Total revenues 204,345 317,159 348,044 492,528
Cost of home sales (169,433) (250,470) (283,745) (385,723)
Cost of land sales (114) (421) (114) (674)
Total cost of sales (169,547) (250,891) (283,859) (386,397)
Gross margin 34,798 66,268 64,185 106,131
Selling, general and administrative expenses (38,443) (43,413) (70,704) (76,165)
Loss from unconsolidated joint ventures (379) (226) (636) (660)
Interest expense (7,444) (10,479) (17,959) (22,464)
Loss on early extinguishment of debt   (5,190)   (5,190)
Other income (expense) 977 2,818 1,269 3,242
Homebuilding pretax income (loss) (10,491) 9,778 (23,845) 4,894
Financial Services:        
Revenues 2,535 3,983 3,595 6,281
Expenses (2,429) (2,876) (4,847) (5,305)
Other income 41 48 56 81
Financial services pretax income (loss) 147 1,155 (1,196) 1,057
Income (loss) before income taxes (10,344) 10,933 (25,041) 5,951
Provision for income taxes (175) (272) (275) (361)
Net income (loss) (10,519) 10,661 (25,316) 5,590
Less: Net (income) loss allocated to preferred shareholder 4,554 (6,288) 10,968 (3,303)
Net income (loss) available to common stockholders $ (5,965) $ 4,373 $ (14,348) $ 2,287
Income (Loss) Per Common Share:        
Basic (in Dollars per share) $ (0.03) $ 0.04 $ (0.07) $ 0.02
Diluted (in Dollars per share) $ (0.03) $ 0.04 $ (0.07) $ 0.02
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 193,577,324 102,796,195 193,369,182 102,318,953
Diluted (in Shares) 193,577,324 123,940,853 193,369,182 116,854,489
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares) 147,812,786 147,812,786 147,812,786 147,812,786