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Supplementary Financial Data
 12 Months Ended
Dec. 31, 2011
Supplementary Financial Data (Unaudited) [Abstract]  
Quarterly Financial Information [Text Block]
Supplementary Financial Data

The following tables set forth our selected consolidated financial and operating data for the quarterly periods indicated.
 
December 31, 2011 (Unaudited)
September 30, 2011 (Unaudited)
June 30, 2011 (Unaudited)
March 31, 2011 (Unaudited)
 
(In thousands, except per share amounts)
Revenue
$
176,786

$
141,624

$
137,444

$
110,570

Gross margin (a)
$
28,562

$
23,658

$
17,956

$
7,125

Net loss (b)
$
(2,976
)
$
(4,718
)
$
(9,144
)
$
(17,039
)
Loss per common share:
 

 

 

 

Basic  (b)
$
(0.16
)
$
(0.25
)
$
(0.49
)
$
(0.92
)
Diluted (b)
$
(0.16
)
$
(0.25
)
$
(0.49
)
$
(0.92
)
Weighted average common shares outstanding:
 

 

 

 

Basic
18,736

18,728

18,711

18,615

Diluted
18,736

18,728

18,711

18,615

 
 
 
 
 
 
December 31, 2010 (Unaudited)
September 30, 2010 (Unaudited)
June 30, 2010 (Unaudited)
March 31, 2010 (Unaudited)
 
(In thousands, except per share amounts)
Revenue
$
164,975

$
135,609

$
196,404

$
119,389

Gross margin (a)
$
25,265

$
25,154

$
25,047

$
16,965

Net loss (b)
$
(11,057
)
$
(2,070
)
$
(4,807
)
$
(8,335
)
Loss per common share:
 

 

 

 

Basic  (b)
$
(0.60
)
$
(0.11
)
$
(0.26
)
$
(0.45
)
Diluted (b)
$
(0.60
)
$
(0.11
)
$
(0.26
)
$
(0.45
)
Weighted average common shares outstanding:
 

 

 

 

Basic
18,523

18,523

18,523

18,521

Diluted
18,523

18,523

18,523

18,521

(a)
First, second, third and fourth quarters of 2011 include the impact of charges relating to the impairment of inventory and investment in Unconsolidated LLCs, which reduced gross margin by $10.9 million, $5.4 million, $1.7 million and $4.0 million, respectively.  These same charges reduced gross margin in the first, second, third and fourth quarters of 2010 by $3.1 million, $6.3 million, $1.8 million and $1.3 million, respectively.
(b)
First, second, third and fourth quarters of 2011 include the impact of charges relating to the impairment of inventory and investment in Unconsolidated LLCs and the write-off of land deposits and pre-acquisition costs.  These charges increased net loss by $6.9 million, $3.4 million, $1.1 million and $2.8 million, respectively, and increased loss per common share for those same periods by $0.37, $0.18, $0.06 and $0.15.  First, second, third and fourth quarters of 2010 include the impact of charges relating to the impairment of inventory and investment in Unconsolidated LLCs, the write-off of land deposits and pre-acquisition costs, and charges related to the repair of certain homes in Florida where certain of our subcontractors had purchased defective drywall that may be responsible for accelerated corrosion of certain metals in the home.  These charges increased net loss by $2.4 million, $4.0 million, $(0.3) million and $1.0 million, respectively, and increased loss per common share for those same periods by $0.13, $0.22, $(0.02) and $0.05.