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Business Segments Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2013
Business Segments [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following table shows, by segment, revenue, operating income and interest expense for the three and six months ended June 30, 2013 and 2012, as well as the Company’s income (loss) before income taxes for such periods:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2013 |  | 2012 |  | 2013 |  | 2012
Revenue: |  |  |  |  |  |  |
Midwest homebuilding | $ | 79,498 |  |  | $ | 63,026 |  |  | $ | 140,201 |  |  | $ | 119,979 |
Southern homebuilding | 68,946 |  |  | 43,499 |  |  | 119,906 |  |  | 72,572 |
Mid-Atlantic homebuilding | 78,857 |  |  | 59,545 |  |  | 149,511 |  |  | 100,328 |
Financial services (b) | 7,252 |  |  | 4,924 |  |  | 15,662 |  |  | 9,240 |
Total revenue | $ | 234,553 |  |  | $ | 170,994 |  |  | $ | 425,280 |  |  | $ | 302,119 |
Operating income: |  |  |  |  |  |  |
Midwest homebuilding (a) | $ | 4,381 |  |  | $ | 3,961 |  |  | $ | 6,582 |  |  | $ | 5,072 |
Southern homebuilding (a) | 3,858 |  |  | 2,808 |  |  | 6,949 |  |  | 3,693 |
Mid-Atlantic homebuilding (a) | 6,184 |  |  | 3,248 |  |  | 10,529 |  |  | 3,709 |
Financial services (b) | 4,169 |  |  | 2,210 |  |  | 9,625 |  |  | 4,646 |
Less: Corporate selling, general and administrative expense | (6,800 | ) |  | (5,467 | ) |  | (12,667 | ) |  | (10,128 | )
Total operating income | $ | 11,792 |  |  | $ | 6,760 |  |  | $ | 21,018 |  |  | $ | 6,992 |
Interest expense: |  |  |  |  |  |  |
Midwest homebuilding | $ | 1,356 |  |  | $ | 1,211 |  |  | $ | 2,830 |  |  | $ | 2,937 |
Southern homebuilding | 1,800 |  |  | 743 |  |  | 3,104 |  |  | 1,545 |
Mid-Atlantic homebuilding | 906 |  |  | 1,196 |  |  | 2,149 |  |  | 2,906 |
Financial services (b) | 335 |  |  | 311 |  |  | 654 |  |  | 679 |
Total interest expense | $ | 4,397 |  |  | $ | 3,461 |  |  | $ | 8,737 |  |  | $ | 8,067 |
Income (loss) before income taxes | $ | 7,395 |  |  | $ | 3,299 |  |  | $ | 12,281 |  |  | $ | (1,075 | )
(a) | For the three months ended June 30, 2013 and 2012, 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 $1.2 million and $0.7 million, respectively. These charges reduced operating income by $1.2 million and $0.5 million in the Midwest region for the three months ended June 30, 2013 and 2012, respectively, and $0.1 million in the Southern and less than $0.1 million in the Mid-Atlantic region for the three months ended June 30, 2012,. There were no charges in the Mid-Atlantic or Southern regions for the three months ended June 30, 2013.
For the six months ended June 30, 2013 and 2012, 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 $2.1 million and $0.8 million, respectively. These charges reduced operating income by $2.1 million and $0.6 million in the Midwest region for the six months ended June 30, 2013 and 2012, respectively, and $0.1 million in the Southern and Mid-Atlantic regions for the six months ended June 30, 2012. There were no charges in the Mid-Atlantic or Southern regions for the six months ended June 30, 2013.
(b) | Our financial services operational results should be viewed in connection with our homebuilding business as its operations originate loans and provide title services primarily for our homebuying customers, with the exception of a small amount of mortgage re-financing.
The following tables show total assets by segment at June 30, 2013 and December 31, 2012:
| June 30, 2013
(In thousands) | Midwest |  | Southern |  | Mid-Atlantic |  | Corporate, Financial Services and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 2,221 |  |  | $ | 5,226 |  |  | $ | 3,495 |  |  | $ | — |  |  | $ | 10,942 |
Inventory (a) | 213,387 |  |  | 202,750 |  |  | 187,920 |  |  | — |  |  | 604,057 |
Investments in Unconsolidated LLCs | 5,614 |  |  | 23,034 |  |  | — |  |  | — |  |  | 28,648 |
Other assets | 7,590 |  |  | 13,327 |  |  | 10,583 |  |  | 243,119 |  |  | 274,619 |
Total assets | $ | 228,812 |  |  | $ | 244,337 |  |  | $ | 201,998 |  |  | $ | 243,119 |  |  | $ | 918,266 |
| 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 |
(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 Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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