XML 48 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Homebuilding        
Home sale revenues $ 1,024,405 $ 899,763 $ 1,838,191 $ 1,682,234
Land sale revenues 8,749 5,068 47,147 6,364
Total homebuilding revenues 1,033,154 904,831 1,885,338 1,688,598
Financial Services 36,251 22,381 65,103 43,816
Total revenues 1,069,405 927,212 1,950,441 1,732,414
Homebuilding Cost of Revenues:        
Home sale cost of revenues 869,379 789,678 1,581,545 1,474,708
Land sale cost of revenues 7,611 3,787 41,008 4,717
Total cost of revenues 876,990 793,465 1,622,553 1,479,425
Financial Services expenses 20,327 39,053 42,336 59,526
Selling, general, and administrative expenses 124,186 138,380 247,500 280,826
Other expense (income), net 10,498 11,668 17,117 15,578
Interest income (1,164) (1,145) (2,363) (2,582)
Interest expense 198 317 415 668
Equity in (earnings) loss of unconsolidated entities (1,556) (1,193) (3,552) (2,302)
Income (loss) before income taxes 39,926 (53,333) 26,435 (98,725)
Income tax expense (benefit) (2,510) 2,052 (4,335) (3,814)
Net income (loss) $ 42,436 $ (55,385) $ 30,770 $ (94,911)
Net income (loss) per share:        
Basic $ 0.11 $ (0.15) $ 0.08 $ (0.25)
Diluted $ 0.11 $ (0.15) $ 0.08 $ (0.25)
Number of shares used in calculation:        
Basic 380,655 379,781 380,579 379,663
Effect of dilutive securities 1,548 0 1,446 0
Diluted 382,203 379,781 382,025 379,663