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Quarterly results (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2011
Unaudited Quarterly Information [Abstract] |
Schedule of Quarterly Financial Information | UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data)
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total
2011 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 783,767 |  |  | $ | 904,831 |  |  | $ | 1,114,027 |  |  | $ | 1,230,971 |  |  | $ | 4,033,596 |
Cost of revenues (a) | 685,960 |  |  | 793,465 |  |  | 944,882 |  |  | 1,079,370 |  |  | 3,503,677 |
Income (loss) before income taxes (b) | (46,365 | ) |  | (36,690 | ) |  | (211,126 | ) |  | 18,351 |  |  | (275,830 | )
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 21,435 |  |  | $ | 22,381 |  |  | $ | 27,904 |  |  | $ | 31,374 |  |  | $ | 103,094 |
Income (loss) before income taxes | 973 |  |  | (16,643 | ) |  | 8,626 |  |  | (27,426 | ) |  | (34,470 | )
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 805,202 |  |  | $ | 927,212 |  |  | $ | 1,141,931 |  |  | $ | 1,262,345 |  |  | $ | 4,136,690 |
Income (loss) before income taxes | (45,392 | ) |  | (53,333 | ) |  | (202,500 | ) |  | (9,075 | ) |  | (310,300 | )
Income taxes (benefit) | (5,866 | ) |  | 2,052 |  |  | (73,202 | ) |  | (22,896 | ) |  | (99,912 | )
Net income (loss) | $ | (39,526 | ) |  | $ | (55,385 | ) |  | $ | (129,298 | ) |  | $ | 13,821 |  |  | $ | (210,388 | )
Per share data: |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | (0.10 | ) |  | $ | (0.15 | ) |  | $ | (0.34 | ) |  | $ | 0.04 |  |  | $ | (0.55 | )
Weighted-average common shares outstanding | 379,544 |  |  | 379,781 |  |  | 380,025 |  |  | 380,149 |  |  | 379,877 |
Assuming dilution: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | (0.10 | ) |  | $ | (0.15 | ) |  | $ | (0.34 | ) |  | $ | 0.04 |  |  | $ | (0.55 | )
Adjusted weighted-average common shares and effect of dilutive securities | 379,544 |  |  | 379,781 |  |  | 380,025 |  |  | 381,261 |  |  | 379,877 |
(a) | Cost of revenues includes land and community valuation adjustments of $0.1 million, $3.3 million, $1.5 million, and $11.0 million and net realizable value adjustments of $0.0 million, $(0.2) million, $0.1 million, and $9.9 million for the 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter, respectively.
(b) | Income (loss) before income taxes includes the write-off (recovery) of deposits and pre-acquisition costs of $0.6 million, $3.7 million, $2.3 million, and $3.4 million for the 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter, respectively. Income (loss) before income taxes also includes goodwill impairments of $240.5 million for the 3rd Quarter. Homebuilding income (loss) before income taxes includes amounts previously classified within Other Non-Operating.
UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data)
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total
2010 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 989,792 |  |  | $ | 1,269,735 |  |  | $ | 1,030,755 |  |  | $ | 1,157,345 |  |  | $ | 4,447,627 |
Cost of revenues (a) | 859,093 |  |  | 1,107,019 |  |  | 957,637 |  |  | 1,136,191 |  |  | 4,059,940 |
Income (loss) before income taxes (b) | (19,980 | ) |  | 2,859 |  |  | (1,027,300 | ) |  | (195,734 | ) |  | (1,240,155 | )
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 30,566 |  |  | $ | 36,163 |  |  | $ | 27,009 |  |  | $ | 27,925 |  |  | $ | 121,663 |
Income (loss) before income taxes | 5,472 |  |  | (8,585 | ) |  | 3,463 |  |  | 5,259 |  |  | 5,609 |
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,020,358 |  |  | $ | 1,305,898 |  |  | $ | 1,057,764 |  |  | $ | 1,185,270 |  |  | $ | 4,569,290 |
Income (loss) before income taxes | (14,508 | ) |  | (5,726 | ) |  | (1,023,837 | ) |  | (190,475 | ) |  | (1,234,546 | )
Income taxes (benefit) | (2,020 | ) |  | (82,029 | ) |  | (28,721 | ) |  | (25,047 | ) |  | (137,817 | )
Net income (loss) | $ | (12,488 | ) |  | $ | 76,303 |  |  | $ | (995,116 | ) |  | $ | (165,428 | ) |  | $ | (1,096,729 | )
Per share data: |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | (0.03 | ) |  | $ | 0.20 |  |  | $ | (2.63 | ) |  | $ | (0.44 | ) |  | $ | (2.90 | )
Weighted-average common shares outstanding | 377,747 |  |  | 378,618 |  |  | 378,842 |  |  | 379,115 |  |  | 378,585 |
Assuming dilution: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | (0.03 | ) |  | $ | 0.20 |  |  | $ | (2.63 | ) |  | $ | (0.44 | ) |  | $ | (2.90 | )
Adjusted weighted-average common shares and effect of dilutive securities | 377,747 |  |  | 380,412 |  |  | 378,842 |  |  | 379,115 |  |  | 378,585 |
(a) | Cost of revenues includes land and community valuation adjustments of $4.5 million, $25.5 million, $57.5 million, and $82.2 million and net realizable value adjustments of $0.6 million, $(0.2) million, $0.6 million, and $38.1 million for the 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter, respectively.
(b) | Income (loss) before income taxes includes the write-off (recovery) of deposits and pre-acquisition costs of $0.5 million, $2.3 million, $1.1 million, and $1.6 million for the 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter, respectively. Income (loss) before income taxes also includes impairments of investments of unconsolidated joint ventures of $1.9 million for the 1st Quarter and goodwill impairments of $1.4 million and $654.9 million for the 2nd Quarter and 3rd Quarter, respectively. Income (loss) before income taxes also includes insurance-related charges of $10.0 million, $9.6 million, $272.2 million, and $(11.4) million for the 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter, respectively. Homebuilding income (loss) before income taxes includes amounts previously classified within Other Non-Operating.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 270 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (a)-(j) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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