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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Total revenue $ 254,555 $ 172,829 $ 634,746 $ 407,497
Home construction and land sales expenses 227,505 152,124 560,564 358,413
Inventory impairments and option contract abandonments 5,819 6,870 10,492 25,331
Gross profit 21,231 13,835 63,690 23,753
Commissions 10,776 7,843 27,522 18,066
General and administrative expenses 27,867 38,571 82,380 107,142
Depreciation and amortization 3,743 2,660 9,336 6,627
Operating loss (21,155) (35,239) (55,548) (108,082)
Equity in income (loss) of unconsolidated entities 48 63 (25) 372
Gain (loss) on extinguishment of debt 0 95 (2,747) (2,909)
Other expense, net (16,804) [1] (17,085) [1] (53,342) [1] (46,616) [1]
Loss from continuing operations before income taxes (37,911) (52,166) (111,662) (157,235)
Provision for (benefit from) income taxes 145 3,589 (36,438) 570
Loss from continuing operations (38,056) (55,755) (75,224) (157,805)
Loss from discontinued operations, net of tax (1,828) (3,365) (3,869) (3,878)
Net loss $ (39,884) $ (59,120) $ (79,093) $ (161,683)
Weighted average number of shares:        
Basic and Diluted 99,050 73,982 83,887 73,930
Basic and diluted loss per share:        
Continuing Operations $ (0.38) $ (0.75) $ (0.90) $ (2.14)
Discontinued operations $ (0.02) $ (0.05) $ (0.04) $ (0.05)
Total $ (0.40) $ (0.80) $ (0.94) $ (2.19)
[1] The nine months ended June 30, 2011, includes a $6.8 million benefit related to the cash reimbursement from our former CEO in connection with his consent agreement with the Securities and Exchange Commission.