Business Segments

9 Months Ended

Sep. 30, 2012

Business Segments [Abstract]

Business Segments

Note V - Business Segments

The following table summarizes AV Homes' information for reportable segments for the nine and three months ended September 30, 2012 and 2011:

	Nine Months						Three Months
Revenues:	2012			2011			2012			2011
Segment revenues
Active adult communities	$	29,272		$	28,066		$	9,376			10,793
Primary residential		23,373			9,752			10,297			2,813
Commercial and industrial and other land sales		20,753			15,285			8,696			220
Other operations		367			851			157			148
		73,765			53,954			28,526			13,974
Unallocated revenues
Interest income		95			395			32			95
Other		468			932			94			634
Total revenues	$	74,328		$	55,281		$	28,652			14,703
Operating income (loss):
Segment operating income (loss)
Active adult communities	$	(11,060	)	$	(7,756	)	$	(5,802	)		(2,306	)
Primary residential		(917	)		(39,864	)		292			(37,650	)
Commercial and industrial and other land sales		5,161			4,984			448			(1,833	)
Other operations		155			122			87			7
		(6,661	)		(42,514	)		(4,975	)		(41,783	)
Unallocated income (expenses)
Interest income		95			395			32			95
Loss on extinguishment of debt		(1,144	)		(211	)		(1,144	)		-
Equity loss from unconsolidated entities		(117	)		(326	)		(38	)		(341	)
Net (income)/loss attributable to non-controlling interests		(1,475	)		387			(33	)		132
General and administrative expenses		(10,296	)		(12,865	)		(3,633	)		(5,093	)
Change in fair value of contingent consideration		-			4,388			-			3,366
Interest expense		(6,256	)		(7,230	)		(1,903	)		(2,437	)
Other real estate expenses		(2,664	)		(3,610	)		125			(2,002	)
Impairment of goodwill		-			(17,215	)		-			(17,215	)
Impairment of land developed or held for future development		(2,861	)		(69,733	)		(14	)		(56,633	)
Loss before income taxes attributable to AV Homes	$	(31,379	)	$	(148,534	)	$	(11,583	)	$	(121,911	)