Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets:    
Cash and cash equivalents $ 167,568 $ 103,953
Investments and securities 199,215 299,345
Restricted cash 10,270 9,344
Other receivables 16,080 20,835
Real estate 776,228 738,928
Real estate not owned 1,398 866
Deposits on real estate under option or contract 11,810 10,359
Investments in unconsolidated entities 10,939 10,987
Property and equipment, net 14,781 14,602
Intangibles, net 1,807 2,143
Prepaid expenses and other assets 15,673 13,576
Total assets 1,225,769 1,224,938
Liabilities:    
Accounts payable 31,302 23,589
Accrued liabilities 80,677 87,811
Home sale deposits 7,600 6,897
Liabilities related to real estate not owned 1,298 866
Senior and senior subordinated notes 606,095 605,780
Total liabilities 726,972 724,943
Stockholders' Equity:    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at June 30, 2011 and December 31, 2010 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; issued 40,300,853 and 40,030,136 shares at June 30, 2011 and December 31, 2010, respectively 403 400
Additional paid-in capital 473,716 468,820
Retained earnings 213,451 219,548
Treasury stock at cost, 7,891,250 shares at June 30, 2011 and December 31, 2010 (188,773) (188,773)
Total stockholders' equity 498,797 499,995
Total liabilities and stockholders' equity $ 1,225,769 $ 1,224,938