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Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Homebuilding $ 34,167,000 $ 19,673,000 $ 79,420,000 $ 52,645,000
Commercial and industrial and other land sales 674,000 8,696,000 9,556,000 20,753,000
Other real estate 57,000 157,000 496,000 367,000
Total real estate revenues 34,898,000 28,526,000 89,472,000 73,765,000
Interest income 96,000 32,000 130,000 95,000
Other 5,000 94,000 73,000 468,000
Total revenues 34,999,000 28,652,000 89,675,000 74,328,000
Expenses        
Homebuilding 32,725,000 21,456,000 78,515,000 60,119,000
Commercial and industrial and other land sales 95,000 8,142,000 5,352,000 15,592,000
Other real estate 1,255,000 102,000 2,654,000 3,344,000
Total real estate expenses 34,075,000 29,700,000 86,521,000 79,055,000
Impairment charges (reversal of impairment charges) (970,000) 3,784,000 (925,000) 7,364,000
Loss on extinguishment of debt 0 1,144,000 0 1,144,000
General and administrative expenses 3,885,000 3,633,000 11,882,000 10,296,000
Interest expense (1,020,000) 1,903,000 2,515,000 6,256,000
Total expenses 35,970,000 40,164,000 99,993,000 104,115,000
Loss from unconsolidated entities 7,000 38,000 84,000 117,000
Loss before income taxes (978,000) (11,550,000) (10,402,000) (29,904,000)
Income tax (expense) benefit 0 0 0 0
Net loss and comprehensive loss (978,000) (11,550,000) (10,402,000) (29,904,000)
Net income (loss) attributable to non-controlling interests in consolidated entities (899,000) (33,000) (899,000) (1,475,000)
Net loss and comprehensive loss attributable to AV Homes stockholders (1,877,000) (11,583,000) (11,301,000) (31,379,000)
Deemed dividend related to beneficial conversion feature of convertible preferred stock (see Note A and Note J for additional information) (11,894,000) 0.00 (11,894,000) 0.00
Loss attributable to AV Homes common stockholders $ (13,771,000) $ (11,583,000) $ (23,195,000) $ (31,379,000)
Basic and Diluted Loss Per Share (in dollars per share) $ (0.86) $ (0.92) $ (1.67) $ (2.50)