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Results of Quarterly Operations (Tables) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results of Operations | Our quarterly results of operations for these periods are not necessarily indicative of future results of operations (in thousands, except per share amounts):
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
2014 |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
Total revenues |  | $ | 248,132 |  |  | $ | 342,563 |  |  | $ | 477,920 |  |  | $ | 635,001 |
Cost of homes sales and other |  |  | 195,595 |  |  |  | 267,937 |  |  |  | 387,721 |  |  |  | 506,101 |
Impairments and lot option abandonments |  |  | 468 |  |  |  | 104 |  |  |  | 552 |  |  |  | 1,391 |
Gross margin |  | $ | 52,069 |  |  | $ | 74,522 |  |  | $ | 89,647 |  |  | $ | 127,509 |
Income (loss) from continuing operations |  | $ | 7,581 |  |  | $ | 24,225 |  |  | $ | 10,965 |  |  | $ | 41,426 |
Discontinued operations, net of income taxes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income |  | $ | 7,581 |  |  | $ | 24,225 |  |  | $ | 10,965 |  |  | $ | 41,426 |
Earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.06 |  |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.26 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net earnings (loss) per share |  | $ | 0.06 |  |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.26 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.06 |  |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.26 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net earnings (loss) per share |  | $ | 0.06 |  |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.26 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
2013 |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
Total revenues |  | $ | 195,516 |  |  | $ | 267,837 |  |  | $ | 323,866 |  |  | $ | 487,493 |
Cost of homes sales and other |  |  | 159,567 |  |  |  | 211,135 |  |  |  | 247,119 |  |  |  | 371,646 |
Impairments and lot option abandonments |  |  | 493 |  |  |  | 203 |  |  |  | 549 |  |  |  | 344,203 |
Gross margin |  | $ | 35,456 |  |  | $ | 56,499 |  |  | $ | 76,198 |  |  | $ | (228,356 | )
Income (loss) from continuing operations |  | $ | (55 | ) |  | $ | 8,441 |  |  | $ | 19,941 |  |  | $ | (179,620 | )
Discontinued operations, net of income taxes |  |  | 189 |  |  |  | (23 | ) |  |  | 218 |  |  |  | 1,454 |
Net income |  | $ | 134 |  |  | $ | 8,418 |  |  | $ | 20,159 |  |  | $ | (178,166 | )
Earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | — |  |  | $ | 0.06 |  |  | $ | 0.15 |  |  | $ | (1.38 | )
Discontinued operations |  |  | — |  |  |  | — |  |  |  | 0.01 |  |  |  | 0.01 |
Net earnings (loss) per share |  | $ | — |  |  | $ | 0.06 |  |  | $ | 0.16 |  |  | $ | (1.37 | )
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | — |  |  | $ | 0.06 |  |  | $ | 0.15 |  |  | $ | (1.38 | )
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.01 |
Net earnings (loss) per share |  | $ | — |  |  | $ | 0.06 |  |  | $ | 0.15 |  |  | $ | (1.37 | )

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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