Valuation Adjustments and Write-offs Valuation Adjustments and Write-offs (Tables)

6 Months Ended

Jun. 30, 2012

Valuation Adjustments and Write offs [Abstract]

Valuation Adjustments and Write-Offs [Table Text Block]

A summary of the Company’s valuation adjustments and write-offs for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2012		2011		2012		2011
Impairment of operating communities:
Midwest	$	10	$	114	$	10	$	2,982
Southern	—		101		—		1,865
Mid-Atlantic	—		17		—		17
Total impairment of operating communities (a)	$	10	$	232	$	10	$	4,864
Impairment of future communities:
Midwest	$	462	$	4,234	$	462	$	6,378
Southern	—		—		—		3,455
Mid-Atlantic	—		—		—		—
Total impairment of future communities (a)	$	462	$	4,234	$	462	$	9,833
Impairment of land held for sale:
Midwest	$	—	$	—	$	95	$	—
Southern	—		—		—		590
Mid-Atlantic	—		—		—		—
Total impairment of land held for sale (a)	$	—	$	—	$	95	$	590
Option deposits and pre-acquisition costs write-offs:
Midwest	$	34	$	1	$	36	$	22
Southern	103		29		110		37
Mid-Atlantic	88		12		110		241
Total option deposits and pre-acquisition costs write-offs (b)	$	225	$	42	$	256	$	300
Impairment of investments in Unconsolidated LLCs:
Midwest	$	—	$	979	$	—	$	979
Southern	—		—		—		50
Mid-Atlantic	—		—		—		—
Total impairment of investments in Unconsolidated LLCs (a)	$	—	$	979	$	—	$	1,029
Total impairments and write-offs of option deposits and pre-acquisition costs	$	697	$	5,487	$	823	$	16,616

(a) Amounts are recorded within Impairment of inventory and investment in Unconsolidated LLCs in the Company's Unaudited Condensed Consolidated Statements of Operations.

(b) Amounts are recorded within General and administrative expenses in the Company's Unaudited Condensed Consolidated Statements of Operations.