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Operating and Reporting Segments (Tables) | 6 Months Ended
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Jun. 30, 2012
Operating and Reporting Segments [Abstract] |
Segment information on operating results |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Revenue (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
West |  | $ | 52,614 |  |  | $ | 31,210 |  |  | $ | 87,116 |  |  | $ | 55,360 |
Central |  |  | 184,148 |  |  |  | 169,182 |  |  |  | 316,326 |  |  |  | 301,688 |
East |  |  | 45,333 |  |  |  | 19,739 |  |  |  | 83,003 |  |  |  | 40,672 |
Consolidated total |  |  | 282,095 |  |  |  | 220,131 |  |  |  | 486,445 |  |  |  | 397,720 |
Operating income/(loss) (2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
West |  |  | 1,770 |  |  |  | 537 |  |  |  | 1,956 |  |  |  | (447 | )
Central |  |  | 11,976 |  |  |  | 7,849 |  |  |  | 15,347 |  |  |  | 12,075 |
East |  |  | 3,271 |  |  |  | 2,004 |  |  |  | 6,077 |  |  |  | 4,241 |
Segment operating income |  |  | 17,017 |  |  |  | 10,390 |  |  |  | 23,380 |  |  |  | 15,869 |
Corporate and unallocated (3) |  |  | (5,085 | ) |  |  | (4,646 | ) |  |  | (9,910 | ) |  |  | (10,177 | )
Earnings from unconsolidated entities, net |  |  | 2,228 |  |  |  | 1,226 |  |  |  | 3,651 |  |  |  | 2,134 |
Interest expense |  |  | (6,338 | ) |  |  | (7,496 | ) |  |  | (13,709 | ) |  |  | (15,519 | )
Other income, net |  |  | 792 |  |  |  | 1,273 |  |  |  | 628 |  |  |  | 1,996 |
Loss on extinguishment of debt |  |  | (5,772 | ) |  |  | 0 |  |  |  | (5,772 | ) |  |  | 0 |
Income/(loss) before income taxes |  | $ | 2,842 |  |  | $ | 747 |  |  | $ | (1,732 | ) |  | $ | (5,697 | )
(1) | Revenue includes the following land closing revenue, by segment: three months ended June 30, 2012—$755,000 in the Central Region; six months ended June 30, 2012—$1.1 million in the Central Region; six months ended June 30, 2011—$100,000 in the Central Region.
(2) | See Note 2 of this Quarterly Report on Form 10-Q for a breakout of real estate-related impairments by region.
(3) | Balance consists primarily of corporate costs and numerous shared service functions such as finance and treasury that are not allocated to the reporting segments.
Total assets from segment |
|  | At June 30, 2012 |
|  | West |  |  | Central |  |  | East |  |  | Corporate and Unallocated (1) |  |  | Total |
Deposits on real estate under option or contract |  | $ | 3,241 |  |  | $ | 10,663 |  |  | $ | 855 |  |  | $ | 0 |  |  | $ | 14,759 |
Real estate |  |  | 219,499 |  |  |  | 627,887 |  |  |  | 107,847 |  |  |  | 0 |  |  |  | 955,233 |
Investments in unconsolidated entities |  |  | 176 |  |  |  | 11,204 |  |  |  | 12 |  |  |  | 788 |  |  |  | 12,180 |
Other assets |  |  | 17,131 |  |  |  | 105,168 |  |  |  | 13,389 |  |  |  | 125,978 |  |  |  | 261,666 |
Total assets |  | $ | 240,047 |  |  | $ | 754,922 |  |  | $ | 122,103 |  |  | $ | 126,766 |  |  | $ | 1,243,838 |
|  | At December 31, 2011 |
|  | West |  |  | Central |  |  | East |  |  | Corporate and Unallocated (1) |  |  | Total |
Deposits on real estate under option or contract |  | $ | 3,216 |  |  | $ | 11,158 |  |  | $ | 834 |  |  | $ | 0 |  |  | $ | 15,208 |
Real estate |  |  | 207,656 |  |  |  | 529,885 |  |  |  | 77,884 |  |  |  | 0 |  |  |  | 815,425 |
Investments in unconsolidated entities |  |  | 176 |  |  |  | 10,245 |  |  |  | 14 |  |  |  | 653 |  |  |  | 11,088 |
Other assets |  |  | 8,911 |  |  |  | 90,532 |  |  |  | 8,842 |  |  |  | 271,372 |  |  |  | 379,657 |
Total assets |  | $ | 219,959 |  |  | $ | 641,820 |  |  | $ | 87,574 |  |  | $ | 272,025 |  |  | $ | 1,221,378 |
(1) | Balance consists primarily of cash and other corporate assets not allocated to the reporting segments.

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