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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS:    
Cash and cash equivalents $ 166,252 $ 145,498
Restricted cash 12,478 8,680
Mortgage loans held for sale 51,491 71,121
Inventory 614,999 556,817
Property and equipment - net 10,267 10,439
Investments in Unconsolidated LLCs 28,648 11,732
Other assets 34,131 27,013
TOTAL ASSETS 918,266 831,300
LIABILITIES:    
Accounts payable 61,888 47,690
Customer deposits 15,472 10,239
Other liabilities 49,130 49,972
Community development district (“CDD”) obligations 3,870 4,634
Obligation for consolidated inventory not owned 1,881 19,105
Notes payable bank - financial services operations 50,442 67,957
Notes payable - other 9,429 11,105
Convertible senior subordinated notes due 2017 57,500 57,500
Convertible senior subordinated notes due 2018 86,250 0
Senior notes 227,870 227,670
TOTAL LIABILITIES 563,732 495,872
Commitments and contingencies 0 0
SHAREHOLDERS' EQUITY:    
Preferred shares - $.01 par value; authorized 2,000,000 shares; 2,000 and 4,000 shares issued at June 30, 2013 and December 31, 2012, respectively; 2,000 and 4,000 shares outstanding as of June 30, 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 June 30, 2013 and December 31, 2012, respectively 271 246
Additional paid-in capital 234,926 180,289
Retained earnings 125,490 117,048
Treasury shares - at cost - 2,734,780 and 2,944,470 shares at June 30, 2013 and December 31, 2012, respectively (54,316) (58,480)
TOTAL SHAREHOLDERS' EQUITY 354,534 335,428
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 918,266 $ 831,300