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Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 132,468 $ 114,934 $ 238,071 $ 188,993
Cost of sales (107,978) (104,856) (193,013) (168,302)
Gross margin 24,490 10,078 45,058 20,691
Selling expenses (10,199) (11,170) (19,551) (19,388)
General and administrative expenses (11,573) (8,265) (19,824) (16,488)
Equity in (loss) income from joint ventures 317 (102) 384 (495)
Equity in (loss) income from subsidiaries 0 0 0 0
Loss on debt extinguishment 0 (88,384) 0 (88,384)
Interest expense (5,909) [1] (4,375) [1] (12,197) [1] (8,326) [1]
Other (expense) income, net (8,398) 786 (6,092) 2,417
(Loss) income before income taxes (11,272) (101,432) (12,222) (109,973)
Income tax benefit (expense) (848) 676 (96) 1,017
Net (loss) income (12,120) (100,756) (12,318) (108,956)
Less: Net income attributable to non-controlling interests 19 (349) (194) (438)
Net (loss) income attributable to SHLP (12,101) (101,105) (12,512) (109,394)
Comprehensive (loss) income (12,761) (99,485) (11,516) (107,005)
SHLP Corp
       
Revenues 96,466 [2] 85,486 [3] 164,252 [2] 146,273 [3]
Cost of sales (80,318) [2] (81,213) [3] (134,524) [2] (133,735) [3]
Gross margin 16,148 [2] 4,273 [3] 29,728 [2] 12,538 [3]
Selling expenses (6,234) [2] (6,945) [3] (11,613) [2] (12,284) [3]
General and administrative expenses (7,995) [2] (6,241) [3] (13,599) [2] (12,436) [3]
Equity in (loss) income from joint ventures 10 [2] (224) [3] 139 [2] (426) [3]
Equity in (loss) income from subsidiaries (6,541) [2] 1,242 [3] (2,790) [2] 1,013 [3]
Loss on debt extinguishment   (88,384) [3]   (88,384) [3]
Interest expense (5,511) [2] (4,000) [3] (11,469) [2] (7,739) [3]
Other (expense) income, net (1,977) [2] (826) [3] (2,903) [2] (1,673) [3]
(Loss) income before income taxes (12,100) [2] (101,105) [3] (12,507) [2] (109,391) [3]
Income tax benefit (expense) (1) [2] 0 [3] (5) [2] (3) [3]
Net (loss) income (12,101) [2] (101,105) [3] (12,512) [2] (109,394) [3]
Less: Net income attributable to non-controlling interests 0 [2] 0 [3] 0 [2] 0 [3]
Net (loss) income attributable to SHLP (12,101) [2] (101,105) [3] (12,512) [2] (109,394) [3]
Comprehensive (loss) income (12,742) [2] (99,834) [3] (11,710) [2] (107,443) [3]
Guarantor Subsidiaries
       
Revenues 34,700 28,158 71,027 38,867
Cost of sales (27,496) (22,935) (58,203) (32,186)
Gross margin 7,204 5,223 12,824 6,681
Selling expenses (2,839) (3,081) (5,831) (4,676)
General and administrative expenses (2,979) (1,467) (5,030) (2,954)
Equity in (loss) income from joint ventures (7) 22 (31) 15
Equity in (loss) income from subsidiaries (9,534) (680) (10,387) (1,412)
Loss on debt extinguishment   0   0
Interest expense (398) (375) (724) (587)
Other (expense) income, net 1,368 1,248 3,213 2,926
(Loss) income before income taxes (7,185) 890 (5,966) (7)
Income tax benefit (expense) (838) 680 (86) 1,034
Net (loss) income (8,023) 1,570 (6,052) 1,027
Less: Net income attributable to non-controlling interests 0 0 0 0
Net (loss) income attributable to SHLP (8,023) 1,570 (6,052) 1,027
Comprehensive (loss) income (8,664) 2,841 (5,250) 2,978
Non-Guarantor Subsidiaries
       
Revenues 1,302 1,290 2,792 3,853
Cost of sales (259) (803) (445) (2,524)
Gross margin 1,043 487 2,347 1,329
Selling expenses (1,126) (1,144) (2,107) (2,428)
General and administrative expenses (599) (557) (1,195) (1,098)
Equity in (loss) income from joint ventures 314 100 276 (84)
Equity in (loss) income from subsidiaries (1,166) (108) (2,443) (815)
Loss on debt extinguishment   0   0
Interest expense 0 0 (4) 0
Other (expense) income, net (7,694) 459 (6,243) 1,307
(Loss) income before income taxes (9,228) (763) (9,369) (1,789)
Income tax benefit (expense) (9) (4) (5) (14)
Net (loss) income (9,237) (767) (9,374) (1,803)
Less: Net income attributable to non-controlling interests 19 (349) (194) (438)
Net (loss) income attributable to SHLP (9,218) (1,116) (9,568) (2,241)
Comprehensive (loss) income (9,237) (767) (9,374) (1,803)
Consolidation, Eliminations
       
Revenues 0 0 0 0
Cost of sales 95 95 159 143
Gross margin 95 95 159 143
Selling expenses 0 0 0 0
General and administrative expenses 0 0 0 0
Equity in (loss) income from joint ventures 0 0 0 0
Equity in (loss) income from subsidiaries 17,241 (454) 15,620 1,214
Loss on debt extinguishment   0   0
Interest expense 0 0 0 0
Other (expense) income, net (95) (95) (159) (143)
(Loss) income before income taxes 17,241 (454) 15,620 1,214
Income tax benefit (expense) 0 0 0 0
Net (loss) income 17,241 (454) 15,620 1,214
Less: Net income attributable to non-controlling interests 0 0 0 0
Net (loss) income attributable to SHLP 17,241 (454) 15,620 1,214
Comprehensive (loss) income $ 17,882 $ (1,725) $ 14,818 $ (737)
[1] For the three and six months ended June 30, 2012 and 2011, assets qualifying for interest capitalization was less than debt; therefore, non-qualifying interest was expensed.
[2] Includes Shea Homes Funding Corp.; no significant activity occurred in 2012.
[3] Includes Shea Homes Funding Corp. since inception on April 26, 2011; no significant activity occurred for the financial statement period presented above.