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Business Segments | 12 Months Ended
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Dec. 31, 2011
Business Segments [Abstract] |
Segment Reporting Disclosure [Text Block] | Business Segments The Company’s segment information is presented on the basis that the chief operating decision makers use in evaluating segment performance. The Company’s chief operating decision makers evaluate the Company’s performance in various ways, including: (1) the results of our eleven individual homebuilding operating segments and the results of our financial services operations; (2) the results of our three homebuilding regions; and (3) our consolidated financial results. We have determined our reportable segments as follows: Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations. The homebuilding operating segments that are included within each reportable segment have similar operations and exhibit similar economic characteristics over the long-term. Our homebuilding operations include the acquisition and development of land, the sale and construction of single-family attached and detached homes, and the occasional sale of lots to third parties. The homebuilding operating segments that comprise each of our reportable segments are as follows:
Midwest | Southern | Mid-Atlantic
Columbus, Ohio | Tampa, Florida | Washington, D.C.
Cincinnati, Ohio | Orlando, Florida | Charlotte, North Carolina
Indianapolis, Indiana | Houston, Texas | Raleigh, North Carolina
Chicago, Illinois | San Antonio, Texas (1) |
(1) In April 2011, we acquired the assets of a privately-held homebuilder based in San Antonio, Texas. Our financial services operations include the origination and sale of mortgage loans and title services primarily for purchasers of the Company's homes. The following table shows, by segment, revenue, operating (loss) income, depreciation and amortization expense and interest expense for the years ended December 31, 2011, 2010 and 2009, as well as the Company’s loss before income taxes for such periods.
| Year Ended December 31,
(Dollars in thousands) | 2011 | 2010 | 2009
Revenue: |  |  |
Midwest homebuilding | $ | 228,191 |  | $ | 295,096 |  | $ | 258,910 |
Southern homebuilding | 123,061 |  | 89,896 |  | 95,615 |
Mid-Atlantic homebuilding | 200,706 |  | 217,148 |  | 201,366 |
Financial services | 14,466 |  | 14,237 |  | 14,058 |
Total revenue | $ | 566,424 |  | $ | 616,377 |  | $ | 569,949 |
Operating (loss) income: |  |  |  |  |  |
Midwest homebuilding (a) | $ | (6,396 | ) | $ | 3,294 |  | $ | (17,590 | )
Southern homebuilding (a) | (5,314 | ) | (3,593 | ) | (41,092 | )
Mid-Atlantic homebuilding (a) | 7,039 |  | 7,004 |  | (7,500 | )
Financial services | 6,641 |  | 6,508 |  | 6,533 |
Less: Corporate selling, general and administrative expenses (b) | (20,867 | ) | (22,824 | ) | (23,932 | )
Total operating loss | $ | (18,897 | ) | $ | (9,611 | ) | $ | (83,581 | )
Interest expense: |  |  |  |  |  |
Midwest homebuilding | $ | 6,154 |  | $ | 3,689 |  | $ | 4,043 |
Southern homebuilding | 2,798 |  | 1,520 |  | 1,690 |
Mid-Atlantic homebuilding | 5,099 |  | 3,262 |  | 2,235 |
Financial services | 954 |  | 944 |  | 499 |
Total interest expense | $ | 15,005 |  | $ | 9,415 |  | $ | 8,467 |
Other loss (c) | — |  | (8,378 | ) | (941 | )
Loss before income taxes | $ | (33,902 | ) | $ | (27,404 | ) | $ | (92,989 | )
| Year Ended December 31,
(Dollars in thousands) | 2011 | 2010 | 2009
Depreciation and amortization: |  |  |  |  |  |
Midwest homebuilding | $ | 1,179 |  | $ | 1,036 |  | $ | 659 |
Southern homebuilding | 601 |  | 498 |  | 728 |
Mid-Atlantic homebuilding | 844 |  | 763 |  | 959 |
Financial services | 282 |  | 390 |  | 395 |
Corporate | 4,668 |  | 2,507 |  | 5,130 |
Total depreciation and amortization | $ | 7,574 |  | $ | 5,194 |  | $ | 7,871 |
(a) | The years ended December 31, 2011, 2010 and 2009 include the impact of charges relating to the impairment of inventory and investment in Unconsolidated LLCs and the write-off of land deposits and pre-acquisition costs of $23.0 million, $13.2 million and $57.1 million, respectively. For 2011, 2010 and 2009, these charges reduced operating income by $13.9 million, $3.9 million and $20.4 million in the Midwest region, $6.8 million, $4.5 million and $24.1 million in the Southern region, and $2.3 million, $4.8 million and $12.6 million in the Mid-Atlantic region, respectively.
(b) | The year ended December 31, 2009 includes the impact of severance charges of $1.0 million.
(c) | Other loss is comprised of the loss on the early extinguishment of debt in the fourth quarter of 2010 and the sale of the Company's airplane during the first quarter of 2009.
The following tables shows, by segment, total assets and investment in Unconsolidated LLCs at December 31, 2011, and 2010:
| At December 31, 2011
|  |  |  |  |  |  | Corporate, |  |
|  |  |  |  |  |  | Financial Services |  |
(In thousands) | Midwest |  | Southern |  | Mid-Atlantic |  | and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 252 |  |  | $ | 1,516 |  |  | $ | 907 |  |  | $ | — |  |  | $ | 2,675 |
Inventory (a) | 200,760 |  |  | 89,586 |  |  | 173,751 |  |  | — |  |  | 464,097 |
Investments in Unconsolidated LLCs | 5,157 |  |  | 5,200 |  |  | — |  |  | — |  |  | 10,357 |
Other assets | 3,865 |  |  | 2,858 |  |  | 9,861 |  |  | 170,772 |  |  | 187,356 |
Total assets | $ | 210,034 |  |  | $ | 99,160 |  |  | $ | 184,519 |  |  | $ | 170,772 |  |  | $ | 664,485 |
| At December 31, 2010
|  |  |  |  |  |  | Corporate, |  |
|  |  |  |  |  |  | Financial Services |  |
(In thousands) | Midwest |  | Southern |  | Mid-Atlantic |  | and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 1,027 |  |  | $ | 85 |  |  | $ | 853 |  |  | $ | — |  |  | $ | 1,965 |
Inventory (a) | 212,159 |  |  | 69,652 |  |  | 167,161 |  |  | — |  |  | 448,972 |
Investments in Unconsolidated LLCs | 5,929 |  |  | 4,660 |  |  | — |  |  | — |  |  | 10,589 |
Other assets | 5,187 |  |  | 1,719 |  |  | 4,283 |  |  | 189,179 |  |  | 200,368 |
Total assets | $ | 224,302 |  |  | $ | 76,116 |  |  | $ | 172,297 |  |  | $ | 189,179 |  |  | $ | 661,894 |
(a) | Inventory includes single-family lots, land and land development costs; land held for sale; homes under construction; model homes and furnishings; community development district infrastructure; and consolidated inventory not owned.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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