XML 54 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2012
Mar. 31, 2012
Jun. 30, 2011
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Cost of sales:              
Inventory impairments and land option cost write-offs         $ 2.2 $ 22.7  
Gross profit:              
Loss (gain) on early retirement of debt, net         (0.1) 4.2  
Income (loss) before income taxes   42.3   (30.8) 71.5 (50.7) 134.2
Income tax expense (benefit)   1.7   (58.6) 3.2 (58.1)  
Net income   40.6   27.8 68.3 7.4  
Other comprehensive income (loss), net of income tax:              
Unrealized loss related to available-for-sale securities   (0.1)       (0.3)  
Comprehensive income   40.5   27.8 68.3 7.1  
Basic net income per common share   $ 0.13   $ 0.09 $ 0.22 $ 0.02  
Net income per common share assuming dilution   $ 0.13   $ 0.09 $ 0.21 $ 0.02  
Cash dividends declared per common share $ 0.0375 $ 0.0375 $ 0.0375 $ 0.0375 $ 0.075 $ 0.075  
Homebuilding [Member]
             
Revenues:              
Home sales   930.6   733.0 1,814.9 1,494.1  
Land/lot sales   5.0   0.1 6.3 6.0  
Total revenues   935.6   733.1 1,821.2 1,500.1  
Cost of sales:              
Home sales   767.2   613.9 1,502.7 1,256.4  
Land/lot sales   3.2   0.1 3.2 6.0  
Inventory impairments and land option cost write-offs   0.8   14.3 2.2 22.7  
Total cost of sales   771.2   628.3 1,508.1 1,285.1  
Gross profit:              
Home sales   163.4   119.1 312.2 237.7  
Land/lot sales   1.8     3.1    
Inventory impairments and land option cost write-offs   (0.8)   (14.3) (2.2) (22.7)  
Gross profit   164.4   104.8 313.1 215.0  
Selling, general and administrative expense   127.5   123.2 246.5 242.0  
Interest expense   5.5   14.7 12.5 31.0  
Loss (gain) on early retirement of debt, net       2.7 (0.1) 4.2  
Other (income)   (3.2)   (3.4) (5.5) (5.6)  
Income (loss) before income taxes   34.6   (32.4) 59.7 (56.6)  
Financial Services [Member]
             
Gross profit:              
Interest expense   0.8   0.1 1.7 0.4  
Income (loss) before income taxes   7.7   1.6 11.8 5.9  
Revenues, net of recourse and reinsurance expense   25.6   18.0 46.6 39.2  
General and administrative expense   19.6   18.2 38.5 37.1  
Interest and other (income)   $ (2.5)   $ (1.9) $ (5.4) $ (4.2)