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Variable Interest Entities and Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2011
Variable Interest Entities and Joint Ventures [Abstract] |
Total risk related to lot options |
|  | December 31, 2011 |  |  | December 31, 2010 |
Contract land deposits |  | $ | 202,263 |  |  | $ | 174,303 |
Loss reserve on contract land deposits |  |  | (70,333 | ) |  |  | (73,517 | )
Contract land deposits, net |  |  | 131,930 |  |  |  | 100,786 |
Contingent obligations in the form of letters of credit |  |  | 3,228 |  |  |  | 6,610 |
Contingent specific performance obligations (1) |  |  | 8,526 |  |  |  | 1,944 |
Total risk of loss |  | $ | 143,684 |  |  | $ | 109,340 |
(1) | At December 31, 2011 and 2010, the Company was committed to purchase 92 and 43 finished lots under specific performance obligations, respectively.
The condensed balance sheet of the consolidated JV |
|  | December 31, 2011 |  |  | December 31, 2010 |
Cash |  | $ | 462 |  |  | $ | 358 |
Restricted cash |  |  | 503 |  |  |  | 501 |
Other assets |  |  | 125 |  |  |  | 126 |
Land under development |  |  | 19,092 |  |  |  | 21,386 |
Total assets |  | $ | 20,182 |  |  | $ | 22,371 |
Debt |  | $ | 4,983 |  |  | $ | 7,592 |
Accrued expenses |  |  | 108 |  |  |  | 59 |
Equity |  |  | 15,091 |  |  |  | 14,720 |
Total liabilities and equity |  | $ | 20,182 |  |  | $ | 22,371 |

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