Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Operating activities
Net income (loss)	$ 9,669	$ (22,976)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization of debt issuance costs	278	162
Amortization of debt discounts	208	1,170
Expenses related to early repayment of debt		16,984
Non-cash addition to senior subordinated secured term loan for PIK interest		6,930
Depreciation	1,008	1,061
Provision for bad debts	247	316
Gain on sale of discontinued operations		(2,272)
Loss on sale of property and equipment	1	8
Non-cash long-term incentive compensation expense	1,991
Stock-based compensation expense	41	403
Changes in assets and liabilities:
Restricted cash	3,922	(4,371)
Notes and accounts receivable	2,735	(1,468)
Real estate inventories	(89,429)	(20,143)
Other assets	(1,672)	(19)
Income tax receivable	16,746
Accounts payable and other liabilities	2,987	1,731
Customer deposits	6,323	10,465
Net cash used in operating activities	(44,945)	(12,019)
Investing activities
Distribution of capital from unconsolidated joint venture	577
Additions to property and equipment	(875)	(544)
Proceeds from the sale of discontinued operations		4,632
Net cash (used in) provided by investing activities	(298)	4,088
Financing activities
Repayment on senior subordinated secured term loan		(162,412)
Debt issuance costs	(385)	(2,363)
Payments on community development district obligations	(234)	(450)
Payment of preferred stock dividend	(700)
Proceeds from the issuance of common stock		48,260
Proceeds from the issuance of senior secured term notes		122,500
Net cash (used in) provided by financing activities	(1,319)	5,535
Net decrease in cash and cash equivalents	(46,562)	(2,396)
Cash and cash equivalents at beginning of period	81,094	43,350
Cash and cash equivalents at end of period	$ 34,532	$ 40,954