Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Results (Unaudited) [Abstract]

Quarterly Results (unaudited)

14. Quarterly Results (unaudited)

The following table sets forth unaudited selected financial data and operating information on a quarterly basis for the years ended December 31, 2011 and 2010.

	Year Ended December 31, 2011
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Revenues-homebuilding operations	$	728,808	$	696,980	$	682,663	$	502,744
Gross profit – homebuilding operations	$	112,086	$	124,598	$	124,062	$	84,824
Mortgage banking fees	$	12,480	$	10,496	$	13,218	$	11,760
Net income	$	32,392	$	43,409	$	38,445	$	15,174
Diluted earnings per share	$	6.32	$	7.98	$	6.48	$	2.52
Contracts for sale, net of cancellations (units)		2,158		2,218		2,468		2,403
Settlements (units)		2,391		2,255		2,207		1,634
Backlog, end of period (units)		3,676		3,909		3,946		3,685
Loans closed	$	520,919	$	489,866	$	504,116	$	353,571

	Year Ended December 31, 2010
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Revenues-homebuilding operations	$	794,470	$	661,935	$	946,972	$	577,381
Gross profit – homebuilding operations	$	139,505	$	121,152	$	175,497	$	106,312
Mortgage banking fees	$	16,535	$	14,234	$	17,532	$	12,833
Net income	$	58,698	$	43,944	$	71,276	$	32,087
Diluted earnings per share	$	9.96	$	7.31	$	11.13	$	5.01
Contracts for sale, net of cancellations (units)		1,765		2,151		2,559		2,940
Settlements (units)		2,639		2,127		3,345		1,919
Backlog, end of period (units)		2,916		3,790		3,766		4,552
Loans closed	$	597,949	$	497,404	$	706,551	$	418,042