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Business Segments Business Segments (Tables)
 12 Months Ended
Dec. 31, 2012
Business Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table shows, by segment, revenue, operating income (loss) and interest expense for 2012, 2011 and 2010, as well as the Company’s loss before income taxes for such periods:
 
Year Ended December 31,
(In thousands)
2012
 
2011
 
2010
Revenue:
 
 
 
 
 
Midwest homebuilding
$
281,959

 
$
228,191

 
$
295,096

Southern homebuilding
189,714

 
123,061

 
89,896

Mid-Atlantic homebuilding
266,976

 
200,706

 
217,148

Financial services
23,256

 
14,466

 
14,237

Total revenue
$
761,905

 
$
566,424

 
$
616,377

 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
Midwest homebuilding (a)
$
11,443

 
$
(6,396
)
 
$
3,294

Southern homebuilding (a)
14,530

 
(5,314
)
 
(3,593
)
Mid-Atlantic homebuilding (a)
15,130

 
7,039

 
7,004

Financial services
12,436

 
6,641

 
6,508

Less: Corporate selling, general and administrative expenses
(24,709
)
 
(20,867
)
 
(22,824
)
Total operating income (loss)
$
28,830

 
$
(18,897
)
 
$
(9,611
)
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
Midwest homebuilding
$
5,502

 
$
6,154

 
$
3,689

Southern homebuilding
3,742

 
2,798

 
1,520

Mid-Atlantic homebuilding
5,406

 
5,099

 
3,262

Financial services
1,421

 
954

 
944

Total interest expense
$
16,071

 
$
15,005

 
$
9,415

Other loss (b)
$
—

 
$
—

 
$
(8,378
)
Income (loss) before income taxes
$
12,759

 
$
(33,902
)
 
$
(27,404
)
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
Midwest homebuilding
$
2,834

 
$
1,179

 
$
1,036

Southern homebuilding
968

 
601

 
498

Mid-Atlantic homebuilding
975

 
844

 
763

Financial services
140

 
282

 
390

Corporate
4,825

 
4,668

 
2,507

Total depreciation and amortization
$
9,742

 
$
7,574

 
$
5,194

(a)
For 2012, 2011 and 2010, the impact of charges relating to the impairment of inventory and investment in Unconsolidated LLCs and the write-off of abandoned land transaction costs was $3.8 million, $23.0 million and $13.2 million, respectively. These charges reduced operating income by $3.5 million, $13.9 million and $3.9 million in the Midwest region, $0.1 million, $6.8 million and $4.5 million in the Southern region, and $0.1 million, $2.3 million and $4.8 million in the Mid-Atlantic region for 2012, 2011 and 2010, respectively.
(b)
Other loss is comprised of the loss on the early extinguishment of debt in the fourth quarter of 2010.

The following tables show total assets by segment at December 31, 2012 and 2011:
 
December 31, 2012
(In thousands)
Midwest
 
Southern
 
Mid-Atlantic
 
Corporate, Financial Services and Unallocated
 
Total
Deposits on real estate under option or contract
$
1,462

 
$
4,612

 
$
2,653

 
$
—

 
$
8,727

Inventory (a)
196,554

 
157,302

 
194,234

 
—

 
548,090

Investments in Unconsolidated LLCs
5,121

 
6,611

 
—

 
—

 
11,732

Other assets
4,421

 
8,436

 
7,759

 
242,135

 
262,751

Total assets
$
207,558

 
$
176,961

 
$
204,646

 
$
242,135

 
$
831,300


 
December 31, 2011
(In thousands)
Midwest
 
Southern
 
Mid-Atlantic
 
Corporate, Financial Services 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


(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.