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
Sep. 30, 2012
Dec. 31, 2011
Assets:    
Cash and cash equivalents $ 305,049 $ 173,612
Investments and securities 66,549 147,429
Restricted cash 15,254 12,146
Other receivables 16,681 14,932
Real estate 1,004,825 815,425
Deposits on real estate under option or contract 12,983 [1] 15,208
Investments in unconsolidated entities 12,008 11,088
Property and equipment, net 14,112 13,491
Deferred tax asset 7,709 0
Prepaid expenses and other assets 26,032 18,047
Total assets 1,481,202 1,221,378
Liabilities:    
Accounts payable 52,069 37,735
Accrued liabilities 96,364 79,464
Home sale deposits 14,027 8,858
Senior, senior subordinated, convertible senior notes and other borrowings 722,675 606,409
Total liabilities 885,135 732,466
Stockholders' Equity:    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at September 30, 2012 and December 31, 2011 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; issued 35,590,401 and 40,377,021 shares at September 30, 2012 and December 31, 2011, respectively 356 404
Additional paid-in capital 387,234 478,839
Retained earnings 208,477 198,442
Treasury stock at cost, none and 7,891,250 shares at September 30, 2012 and December 31, 2011, respectively 0 (188,773)
Total stockholders' equity 596,067 488,912
Total liabilities and stockholders' equity $ 1,481,202 $ 1,221,378
[1] Amount is reflected in our consolidated balance sheet in the line item “Deposits on real estate under option or contract” as of September 30, 2012.