Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
OPERATING ACTIVITIES:
Net income (loss)	$ 11,851	$ 18
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	2,101	823
Bargain Purchase Gain	0	(1,219)
Mortgage loan originations	(260,976)	(216,055)
Proceeds from the sale of mortgage loans	279,023	223,655
Fair value adjustment of mortgage loans held for sale	1,583	(104)
Depreciation	2,566	2,808
Amortization of intangibles, debt discount and debt issue costs	1,753	1,178
Stock-based compensation expense	1,316	964
Deferred income tax expense	4,462	143
Deferred tax asset valuation allowances	(4,462)	(143)
Net loss from property disposals	0	1
Change in assets and liabilities:
Cash held in escrow	71	(15)
Inventory	(78,265)	(47,557)
Other assets	(5,044)	(1,666)
Accounts payable	14,198	8,975
Customer deposits	5,233	6,136
Accrued compensation	(3,646)	(1,431)
Other liabilities	3,058	(40)
Net cash (used in) provided by operating activities	(25,178)	(23,529)
INVESTING ACTIVITIES:
Restricted cash	(3,869)	28,756
Purchase of property and equipment	(1,050)	(252)
Acquisition, net of cash acquired	0	(4,707)
Investment in Unconsolidated LLCs	18,288	(563)
Net cash provided by (used in) investing activities	(23,207)	23,234
FINANCING ACTIVITIES:
Repayment of senior notes, including transaction costs	0	(41,443)
Net proceeds from issuance of senior notes	0	29,700
Proceeds from issuance of convertible senior subordinated notes due 2018	86,250	0
Repayments of bank borrowings - net	(17,515)	(6,263)
(Principal repayments of) proceeds from notes payable-other and CDD bond obligations	(1,676)	4,965
Dividends paid on preferred shares	(1,219)	0
Net proceeds from issuance of common shares	54,617	0
Redemption of preferred shares	(50,352)	0
Debt issue costs	3,605	(2,900)
Proceeds from exercise of stock options	2,639	740
Net cash (used in) provided by financing activities	69,139	(15,201)
Net increase (decrease) in cash and cash equivalents	20,754	(15,496)
Cash and cash equivalents balance at beginning of period	145,498	59,793
Cash and cash equivalents balance at end of period	166,252	44,297
SUPPLEMENTAL DISCLOSURE OF CASH PAID DURING THE YEAR:
Interest — net of amount capitalized	6,235	7,234
Income taxes	447	212
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(764)	(657)
Consolidated inventory not owned	(17,224)	3,096
Distribution of single-family lots from unconsolidated LLC's	1,366	0
Deferral of executive and director compensation	253
Executive and director deferred compensation distributions	$ 0