XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS:    
Cash and Cash Equivalents $ 263,057 $ 145,498
Restricted cash 9,494 8,680
Mortgage loans held for sale 57,721 71,121
Inventory 577,640 556,817
Property and equipment - net 9,994 10,439
Investments in Unconsolidated LLCs 22,275 11,732
Other assets 28,471 27,013
TOTAL ASSETS 968,652 831,300
LIABILITIES:    
Accounts payable 57,071 47,690
Customer deposits 12,246 10,239
Other liabilities 47,760 49,972
Preferred shares subject to redemption 50,352 0
Community development district (CDD) obligations 4,266 4,634
Obligation for consolidated inventory not owned 16,994 19,105
Notes Payable - Financial Services 53,126 67,957
Notes payable - other 10,316 11,105
Convertible senior subordinated notes due 2017 57,500 57,500
Convertible senior subordinated notes due 2018 86,250 0
Senior notes 227,770 227,670
TOTAL LIABILITIES 623,651 495,872
Commitments and contingencies 0 0
SHAREHOLDERS' EQUITY:    
Preferred shares - $.01 par value; authorized 2,000,000 shares; 4,000 shares issued at March 31, 2013 and December 31, 2012; 2,000 and 4,000 shares outstanding as of March 31, 2013 and December 31, 2012, respectively 48,163 96,325
Common shares - $.01 par value; authorized 38,000,000 shares; issued 27,092,723 and 24,631,723 shares at March 31, 2013 and December 31, 2012, respectively 271 246
Additional paid-in capital 235,109 180,289
Retained earnings 119,445 117,048
Treasury shares - at cost - 2,919,612 and 2,944,470 shares at March 31, 2013 and December 31, 2012, respectively (57,987) (58,480)
TOTAL SHAREHOLDERS' EQUITY 345,001 335,428
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 968,652 $ 831,300