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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows From Operating Activities:      
Income (loss) from continuing operations $ (16,417) $ (11,724) $ (13,217)
Income (loss) from discontinued operations, net of income taxes     (569)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
(Income) loss from unconsolidated joint ventures (207) (1,166) 4,598
Cash distributions of income from unconsolidated joint ventures 20   3,465
Depreciation and amortization 3,255 3,002 3,516
(Gain) loss on disposal of property and equipment 179 (37) 2,611
(Gain) loss on early extinguishment of debt   30,028 6,931
Amortization of stock-based compensation 11,239 11,848 12,864
Excess tax benefits from share-based payment arrangements   (27) (297)
Deferred income taxes, net of valuation allowance     (96,562)
Inventory impairment charges and deposit write-offs 15,334 1,918 62,940
Changes in cash and equivalents due to:      
Trade and other receivables (5,358) 6,541 8,440
Mortgage loans held for sale (43,661) 12,165 24,718
Inventories - owned (282,447) (148,706) 326,062
Inventories - not owned (19,727) (27,861) (2,805)
Other assets 6,212 111,496 118,265
Accounts payable 1,113 (6,592) (18,554)
Accrued liabilities 7,852 (61,843) (22,576)
Net cash provided by (used in) operating activities (322,613) (80,958) 419,830
Cash Flows From Investing Activities:      
Investments in unconsolidated homebuilding joint ventures (14,689) (39,513) (28,600)
Distributions from unconsolidated homebuilding joint ventures 8,593 7,640 3,524
Other investing activities (2,217) (1,582) (2,225)
Net cash provided by (used in) investing activities (8,313) (33,455) (27,301)
Cash Flows From Financing Activities:      
Change in restricted cash (1,559) (12,843) (9,748)
Payments on revolving credit facility     (47,500)
Net proceeds from (principal payments on) secured project debt and other notes payable (1,207) (83,562) (125,984)
Principal payments on senior and senior subordinated notes payable   (792,389) (466,689)
Proceeds from the issuance of senior notes payable   977,804 257,592
Payment of debt issuance costs (4,575) (17,215) (8,764)
Net proceeds from (payments on) mortgage credit facilities 16,464 (10,651) (22,660)
Excess tax benefits from share-based payment arrangements   27 297
Payment of issuance costs in connection with exercise of Warrant for common stock (324)    
Net proceeds from the issuance of common stock   186,443  
Proceeds from the exercise of stock options 1,278 2,611 641
Net cash provided by (used in) by financing activities 10,077 250,225 (422,815)
Net increase (decrease) in cash and equivalents (320,849) 135,812 (30,286)
Cash and equivalents at beginning of year 731,371 595,559 625,845
Cash and equivalents at end of period 410,522 731,371 595,559
Homebuilding restricted cash at end of year 31,372 28,238 15,070
Financial services restricted cash at end of year 1,295 2,870 3,195
Cash and equivalents and restricted cash at end of year $ 443,189 $ 762,479 $ 613,824