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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Total revenue $ 191,643 $ 125,716 $ 380,191 $ 234,668
Home construction and land sales expenses 170,283 109,238 333,059 206,289
Inventory impairments and option contract abandonments 1,170 17,822 4,673 18,461
Gross profit (loss) 20,190 (1,344) 42,459 9,918
Commissions 8,375 5,233 16,746 10,223
General and administrative expenses 26,319 36,068 54,513 68,571
Depreciation and amortization 3,190 2,062 5,593 3,967
Operating loss (17,694) (44,707) (34,393) (72,843)
Equity in income (loss) of unconsolidated joint ventures 4 71 (73) 309
Loss on extinguishment of debt (2,747) (102) (2,747) (3,004)
Other expense, net (18,265) (11,466) (36,538) (29,531)
Loss from continuing operations before income taxes (38,702) (56,204) (73,751) (105,069)
Benefit from income taxes (836) (2,426) (36,583) (3,019)
Loss from continuing operations (37,866) (53,778) (37,168) (102,050)
(Loss) income from discontinued operations, net of tax (2,082) 23 (2,041) (513)
Net loss $ (39,948) $ (53,755) $ (39,209) $ (102,563)
Weighted average number of shares:        
Basic and Diluted 78,553 73,930 76,347 73,904
Basic and diluted loss per share:        
Continuing Operations $ (0.48) $ (0.73) $ (0.49) $ (1.38)
Discontinued operations $ (0.03) $ 0.00 $ (0.02) $ (0.01)
Total $ (0.51) $ (0.73) $ (0.51) $ (1.39)