Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets:    
Cash and cash equivalents $ 81,826 $ 173,612
Investments and securities 103,753 147,429
Restricted cash 19,108 12,146
Other receivables 15,778 14,932
Real estate 955,233 815,425
Real estate not owned 233 0
Deposits on real estate under option or contract 14,759 15,208
Investments in unconsolidated entities 12,180 11,088
Property and equipment, net 13,955 13,491
Deferred tax asset 7,705 0
Intangibles, net 1,411 1,571
Prepaid expenses and other assets 17,897 16,476
Total assets 1,243,838 1,221,378
Liabilities:    
Accounts payable 53,616 37,735
Accrued liabilities 84,548 79,464
Home sale deposits 12,746 8,858
Liabilities related to real estate not owned 216 0
Senior and senior subordinated notes 596,054 606,409
Total liabilities 747,180 732,466
Stockholders' Equity:    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at June 30, 2012 and December 31, 2011 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; issued 40,653,337 and 40,377,021 shares at June 30, 2012 and December 31, 2011, respectively 407 404
Additional paid-in capital 483,331 478,839
Retained earnings 201,693 198,442
Treasury stock at cost, 7,891,250 shares at June 30, 2012 and December 31, 2011 (188,773) (188,773)
Total stockholders' equity 496,658 488,912
Total liabilities and stockholders' equity $ 1,243,838 $ 1,221,378