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Quarterly results (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2012
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 (c)
2012 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 852,184 |  |  | $ | 1,033,154 |  |  | $ | 1,255,327 |  |  | $ | 1,518,445 |  |  | $ | 4,659,110 |
Cost of revenues | 745,563 |  |  | 876,990 |  |  | 1,044,765 |  |  | 1,261,012 |  |  | 3,928,331 |
Income (loss) before income taxes (a) | (20,352 | ) |  | 23,939 |  |  | 79,179 |  |  | 75,225 |  |  | 157,991 |
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 28,852 |  |  | $ | 36,251 |  |  | $ | 47,264 |  |  | $ | 48,521 |  |  | $ | 160,888 |
Income (loss) before income taxes (b) | 6,861 |  |  | 15,987 |  |  | 26,727 |  |  | (24,012 | ) |  | 25,563 |
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 881,036 |  |  | $ | 1,069,405 |  |  | $ | 1,302,591 |  |  | $ | 1,566,966 |  |  | $ | 4,819,998 |
Income (loss) before income taxes | (13,491 | ) |  | 39,926 |  |  | 105,906 |  |  | 51,213 |  |  | 183,554 |
Income tax benefit | (1,825 | ) |  | (2,510 | ) |  | (10,727 | ) |  | (7,529 | ) |  | (22,591 | )
Net income (loss) | $ | (11,666 | ) |  | $ | 42,436 |  |  | $ | 116,633 |  |  | $ | 58,742 |  |  | $ | 206,145 |
Net income (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | (0.03 | ) |  | $ | 0.11 |  |  | $ | 0.31 |  |  | $ | 0.15 |  |  | $ | 0.54 |
Diluted | $ | (0.03 | ) |  | $ | 0.11 |  |  | $ | 0.30 |  |  | $ | 0.15 |  |  | $ | 0.54 |
Number of shares used in calculation: |  |  |  |  |  |  |  |  |
Basic | 380,502 |  |  | 380,655 |  |  | 381,355 |  |  | 383,404 |  |  | 381,562 |
Effect of dilutive securities | — |  |  | 1,548 |  |  | 3,215 |  |  | 5,900 |  |  | 3,002 |
Diluted | 380,502 |  |  | 382,203 |  |  | 384,570 |  |  | 389,304 |  |  | 384,564 |
(a) | Homebuilding income (loss) before income taxes includes losses on debt retirements totaling $32.1 million in the 4th Quarter.
(b) | Financial Services income (loss) before income taxes includes additional loan origination reserves of $49.0 million in the 4th Quarter.
(c) | Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data)
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total (c)
2011 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 783,767 |  |  | $ | 904,831 |  |  | $ | 1,114,027 |  |  | $ | 1,230,971 |  |  | $ | 4,033,596 |
Cost of revenues | 685,960 |  |  | 793,465 |  |  | 944,882 |  |  | 1,079,370 |  |  | 3,503,677 |
Income (loss) before income taxes (a) | (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 (b) | 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 tax expense (benefit) | (5,866 | ) |  | 2,052 |  |  | (73,202 | ) |  | (22,896 | ) |  | (99,912 | )
Net income (loss) | $ | (39,526 | ) |  | $ | (55,385 | ) |  | $ | (129,298 | ) |  | $ | 13,821 |  |  | $ | (210,388 | )
Net income (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | (0.10 | ) |  | $ | (0.15 | ) |  | $ | (0.34 | ) |  | $ | 0.04 |  |  | $ | (0.55 | )
Diluted | $ | (0.10 | ) |  | $ | (0.15 | ) |  | $ | (0.34 | ) |  | $ | 0.04 |  |  | $ | (0.55 | )
Number of shares used in calculation: |  |  |  |  |  |  |  |  |
Basic | 379,544 |  |  | 379,781 |  |  | 380,025 |  |  | 380,149 |  |  | 379,877 |
Effect of dilutive securities | — |  |  | — |  |  | — |  |  | 1,112 |  |  | — |
Diluted | 379,544 |  |  | 379,781 |  |  | 380,025 |  |  | 381,261 |  |  | 379,877 |
(a) | Homebuilding income (loss) before income taxes includes land-related charges of $0.7 million, $6.8 million, $3.9 million, and $24.4 million in the 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter, respectively; goodwill impairment charges totaling $240.5 million in the 3rd Quarter; and losses on debt retirements of $3.5 million and $2.1 million in the 2nd Quarter and 4th Quarter, respectively.
(b) | Financial Services income (loss) before income taxes includes additional loan origination reserves of $19.3 million and $40.0 million in the 2nd Quarter and 4th Quarter, respectively.
(c) | Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 + Details
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