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Supplementary Financial Data Supplementary Financial Data (Tables)
12 Months Ended
Dec. 31, 2012
Supplementary Financial Data [Abstract]  
Additional Financial Information Disclosure [Text Block]
Supplementary Financial Data

The following tables set forth our selected consolidated financial and operating data for the quarterly periods indicated.
 
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
 
(In thousands, except per share amounts)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Revenue
$
250,911

$
208,875

$
170,994

$
131,125

Gross margin (a)
$
47,638

$
43,114

$
33,411

$
23,700

Net income (b)
$
5,015

$
8,314

$
3,204

$
(3,186
)
Earnings per common share:
 

 

 

 

Basic  (b)
$
0.23

$
0.43

$
0.17

$
(0.17
)
Diluted (b)
$
0.23

$
0.42

$
0.17

$
(0.17
)
Weighted average common shares outstanding:
 

 

 

 

Basic
21,545

19,434

18,833

18,772

Diluted
21,961

20,273

19,031

18,772

 
 
 
 
 
 
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
 
(In thousands, except per share amounts)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
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


(a)
First, second, third and fourth quarters of 2012 include the impact of charges relating to the impairment of inventory and investment in Unconsolidated LLCs, which reduced gross margin by less than $0.1 million, $0.5 million, $1.3 million and $1.6 million, respectively.  These same charges reduced gross margin in the first, second, third and fourth quarters of 2011 by $10.9 million, $5.4 million, $1.7 million and $4.0 million, respectively.
(b)
First, second, third and fourth quarters of 2012 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 a settlement 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 decreased net income by less than $0.1 million,$0.4 million, $(1.0) million and $1.0 million, respectively, and decreased earnings per common share for those same periods by $0.00, $0.02, $(0.05) and $0.05.  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.
The following tables set forth our selected consolidated financial and operating data for the quarterly periods indicated.
 
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
 
(In thousands, except per share amounts)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Revenue
$
250,911

$
208,875

$
170,994

$
131,125

Gross margin (a)
$
47,638

$
43,114

$
33,411

$
23,700

Net income (b)
$
5,015

$
8,314

$
3,204

$
(3,186
)
Earnings per common share:
 

 

 

 

Basic  (b)
$
0.23

$
0.43

$
0.17

$
(0.17
)
Diluted (b)
$
0.23

$
0.42

$
0.17

$
(0.17
)
Weighted average common shares outstanding:
 

 

 

 

Basic
21,545

19,434

18,833

18,772

Diluted
21,961

20,273

19,031

18,772

 
 
 
 
 
 
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
 
(In thousands, except per share amounts)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
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