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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS:    
Cash and cash equivalents $ 145,498 $ 59,793
Restricted cash 8,680 41,334
Mortgage loans held for sale 71,121 57,275
Inventory 556,817 466,772
Property and equipment - net 10,439 14,358
Investment in Unconsolidated LLCs 11,732 10,357
Other assets 27,013 14,596
TOTAL ASSETS 831,300 664,485
LIABILITIES:    
Accounts payable 47,690 41,256
Customer deposits 10,239 4,181
Other liabilities 49,972 39,348
Community development district (CDD) obligations 4,634 5,983
Obligation for consolidated inventory not owned 19,105 2,944
Notes payable bank - financial services operations 67,957 52,606
Notes payable - other 11,105 5,801
Convertible senior subordinated notes 57,500 0
Senior notes 227,670 239,016
TOTAL LIABILITIES 495,872 391,135
Commitments and contingencies 0 0
SHAREHOLDERS' EQUITY:    
Preferred shares - $.01 par value; authorized 2,000,000 shares; issued 4,000 shares 96,325 96,325
Common shares - $.01 par value; authorized 38,000,000 shares; issued 24,631,723 and 22,101,723 shares at December 31, 2012 and 2011, respectively 246 221
Additional paid-in capital 180,289 139,943
Retained earnings 117,048 103,701
Treasury shares - at cost - 2,944,470 and 3,365,366 shares at December 31, 2012 and 2011, respectively (58,480) (66,840)
TOTAL SHAREHOLDERS' EQUITY 335,428 273,350
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 831,300 $ 664,485