Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
OPERATING ACTIVITIES:
Net income (loss)	$ 8,332	$ (30,901)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	2,132	17,424
Impairment of investment in Unconsolidated LLCs	0	1,029
Bargain Purchase Gain	(1,219)	0
Mortgage loan originations	(355,075)	(256,708)
Proceeds from the sale of mortgage loans	354,443	266,737
Fair value adjustment of mortgage loans held for sale	(431)	(3,383)
Depreciation	4,940	3,819
Amortization of intangibles, debt discount and debt issue costs	1,822	1,866
Stock-based compensation expense	1,398	1,525
Deferred income tax benefit (expense)	3,721	(11,657)
Deferred tax asset valuation (benefit) expense	(3,721)	11,657
Other	50	(165)
Change in assets and liabilities:
Cash held in escrow	(37)	237
Inventory	(71,236)	(50,618)
Other assets	(4,030)	954
Accounts payable	23,016	16,089
Customer deposits	6,604	2,314
Accrued compensation	1,667	(703)
Other liabilities	11,303	5,918
Net cash (used in) provided by operating activities	(16,321)	(24,566)
INVESTING ACTIVITIES:
Change in restricted cash	32,391	(4,532)
Purchase of property and equipment	(858)	(889)
Acquisition, net of cash acquired	(4,707)	(4,654)
Investment in Unconsolidated LLCs	(949)	0
Net loss from property disposals	0	(648)
Net cash provided by (used in) investing activities	25,877	(10,723)
FINANCING ACTIVITIES:
Repayment of Senior Notes, including transaction costs	(41,443)	0
Net proceeds from issuance of senior notes	29,700	0
Proceeds from Convertible Debt	57,500	0
Repayments of bank borrowings - net	2,234	(539)
Proceeds from (principal repayments of) note payable-other and community development district bond obligations	4,968	4
Proceeds from Issuance of Common Stock	42,085	0
Debt issue costs	(5,843)	(220)
Proceeds from exercise of stock options	1,215	1,500
Excess tax deficiency from stock-based payment arrangements	0	165
Net cash (used in) provided by financing activities	90,416	910
Net increase (decrease) in cash and cash equivalents	99,972	(34,379)
Cash and cash equivalents balance at beginning of period	59,793	81,208
Cash and cash equivalents balance at end of period	159,765	46,829
SUPPLEMENTAL DISCLOSURE OF CASH PAID DURING THE YEAR:
Interest — net of amount capitalized	5,442	4,208
Income taxes	280	282
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(995)	(764)
Consolidated inventory not owned	3,608	4,132
Contingent consideration related to acquisition	$ 0	$ 512