Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Financial Information Related to Reportable Segments

Financial information relating to reportable segments was as follows:

	June 30, 2012		December 31, 2011
	(In thousands)
Total assets:
Southern California	$	191,308	$	176,999
San Diego		135,530		127,438
Northern California		229,485		219,734
Mountain West		307,411		351,050
South West		95,770		105,621
Other		6,057		4,313
Total homebuilding assets		965,561		985,155
Corporate		320,381		342,961
Total assets	$	1,285,942	$	1,328,116
	June 30, 2012		December 31, 2011
	(In thousands)
Inventory:
Southern California	$	145,715	$	142,877
San Diego		116,269		105,595
Northern California		212,172		204,901
Mountain West		238,149		256,685
South West		78,902		71,289
Other		3,554		2,463
Total inventory	$	794,761	$	783,810

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In thousands)						(In thousands)
Revenues:
Southern California	$	30,104		$	25,820		$	56,484		$	45,593
San Diego		10,180			14,145			24,287			19,906
Northern California		30,438			26,558			56,396			42,413
Mountain West		33,211			23,715			51,806			36,869
South West		26,700			23,257			46,215			41,425
Other		1,585			1,171			2,390			2,262
Total homebuilding revenues		132,218			114,666			237,578			188,468
Corporate		250			268			493			525
Total revenues	$	132,468		$	114,934		$	238,071		$	188,993
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In thousands)						(In thousands)
(Loss) income before income taxes:
Southern California	$	3,302		$	(363	)	$	5,276		$	(2,688	)
San Diego		(1,502	)		(9,790	)		(1,500	)		(11,089	)
Northern California		612			(335	)		1,429			(2,063	)
Mountain West		(1,786	)		(1,936	)		(5,154	)		(3,717	)
South West		(1,494	)		(799	)		(3,150	)		(2,833	)
Other		25			539			(225	)		285
Total homebuilding loss before income taxes		(843	)		(12,684	)		(3,324	)		(22,105	)
Corporate		(10,429	)		(88,748	)		(8,898	)		(87,868	)
Total loss before income taxes	$	(11,272	)	$	(101,432	)	$	(12,222	)	$	(109,973	)
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In thousands)						(In thousands)
Impairment:
Southern California	$	0		$	0		$	0		$	0
San Diego		0			9,684			0			9,684
Northern California		0			0			0			0
Mountain West		0			0			0			0
South West		0			0			0			618
Other		0			0			0			0
Total impairment	$	0		$	9,684		$	0		$	10,302