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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and cash equivalents $ 146,036 $ 115,502
Restricted cash 8,380 8,422
Receivables, net 5,632 6,434
Income tax receivable 1,766 1,766
Land and other inventories 312,617 326,710
Property and equipment, net 44,870 45,514
Poinciana Parkway 8,452 8,452
Investment in and notes receivable from unconsolidated entities 1,961 5,194
Prepaid expenses and other assets 12,947 10,242
Goodwill 17,215 17,215
Total Assets 559,876 545,451
Liabilities    
Accounts payable 1,707 3,743
Accrued and other liabilities 11,727 6,929
Customer deposits and deferred revenues 2,398 2,557
Earn-out liability 3,366 4,388
Estimated development liability for sold land 20,216 20,288
Corporate 115,873 76,445
Real estate 285 612
Total Liabilities 155,572 114,962
Stockholders' Equity    
Common Stock, par value $1 per share Authorized: 50,000,000 shares Issued: 15,364,489 shares at June 30, 2011 and 15,562,732 shares at December 31, 2010 15,365 15,563
Additional paid-in capital 306,512 305,672
Retained earnings 161,197 187,820
Equity before treasury stock 483,074 509,055
Treasury stock: at cost, 2,664,592 shares at June 30, 2011 and 2,662,106 shares at December 31, 2010 (79,049) (79,010)
Total Avatar stockholders' equity 404,025 430,045
Non-controlling interest 279 444
Total Equity 404,304 430,489
Total Liabilities and Stockholders' Equity $ 559,876 $ 545,451