XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Statement of Operations [Abstract]                      
Revenue $ 336,307 $ 275,195 $ 234,553 $ 190,727 $ 250,911 $ 208,875 $ 170,994 $ 131,125 $ 1,036,782 $ 761,905 $ 566,424
Land and housing                 824,508 610,540 467,130
Impairment of inventory and investment in unconsolidated joint ventures                 5,805 3,502 21,993
General and administrative                 79,494 62,627 52,664
Selling                 68,282 56,406 43,534
Equity in income of unconsolidated joint ventures                 (306) 0 0
Interest                 15,938 16,071 15,005
Gains (Losses) on Extinguishment of Debt                 1,726 0 0
Total costs and expenses                 995,447 749,146 600,326
Income (loss) before income taxes                 41,335 12,759 (33,902)
Income Tax Expense (Benefit)                 (110,088) (588) (25)
Net income (loss) 13,043 124,092 6,045 2,397 5,015 8,314 3,204 (3,186) 151,423 13,347 (33,877)
Preferred Stock Dividends, Income Statement Impact                 3,656 0 0
Excess of fair value over book value of preferred shares redeemed                 2,190 0 0
Net Income (Loss) Available to Common Stockholders, Basic                 $ 145,577 $ 13,347 $ (33,877)
Earnings (loss) per common share:                      
Basic $ 0.54 $ 5.09 $ 0.25 $ 0.11 $ 0.23 $ 0.43 $ 0.17 $ (0.17) $ 6.11 $ 0.68 $ (1.81)
Diluted $ 0.48 $ 4.22 $ 0.25 $ 0.11 $ 0.23 $ 0.42 $ 0.17 $ (0.17) $ 5.24 $ 0.67 $ (1.81)
Weighted average shares outstanding:                      
Basic 24,358 24,358 24,271 22,273 21,545 19,434 18,833 18,772 23,822 19,651 18,698
Diluted 29,783 29,745 24,646 22,688 21,961 20,273 19,031 18,772 28,763 19,891 18,698