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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Homebuilding:        
Home sale revenues $ 511,059 $ 317,389 $ 1,300,493 $ 812,578
Land sale revenues 697 1,152 7,665 4,537
Total revenues 511,756 318,541 1,308,158 817,115
Cost of home sales (381,694) (253,344) (993,809) (647,525)
Cost of land sales (672) (1,092) (7,671) (4,458)
Total cost of sales (382,366) (254,436) (1,001,480) (651,983)
Gross margin 129,390 64,105 306,678 165,132
Selling, general and administrative expenses (61,939) (43,121) (162,831) (122,765)
Income (loss) from unconsolidated joint ventures (32) (39) 1,249 (2,707)
Interest expense   (1,669)   (5,816)
Other income (expense) 301 117 2,624 4,708
Homebuilding pretax income 67,720 19,393 147,720 38,552
Financial Services:        
Revenues 5,839 5,218 18,927 14,249
Expenses (3,590) (2,777) (10,394) (7,952)
Other income 167 70 420 217
Financial services pretax income 2,416 2,511 8,953 6,514
Income before taxes 70,136 21,904 156,673 45,066
Provision for income taxes (11,201) (194) (32,778) (570)
Net income 58,935 21,710 123,895 44,496
Less: Net income allocated to preferred shareholder (14,166) (9,100) (40,353) (18,980)
Less: Net income allocated to unvested restricted stock (90) (22) (169) (31)
Net income available to common stockholders $ 44,679 $ 12,588 $ 83,373 $ 25,485
Income Per Common Share:        
Basic (in Dollars per share) $ 0.16 $ 0.06 $ 0.34 $ 0.13
Diluted (in Dollars per share) $ 0.15 $ 0.05 $ 0.31 $ 0.12
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 276,966,995 204,485,294 244,998,581 198,469,130
Diluted (in Shares) 314,897,098 235,273,648 283,189,878 210,441,932
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares) 87,812,786 147,812,786 118,582,017 147,812,786
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in Shares) 402,709,884 383,086,434 401,771,895 358,254,718