Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Consolidated Statements of Operations [Abstract]    
Home closing revenue $ 204,022 $ 177,489
Land closing revenue 328 100
Total closing revenue 204,350 177,589
Cost of home closings (168,616) (146,445)
Cost of land closings (205) (91)
Real estate impairments (293) (664)
Total cost of closings and impairments (169,114) (147,200)
Home closing gross profit 35,113 30,380
Land closing gross profit 123 9
Total closing gross profit 35,236 30,389
Commissions and other sales costs (18,977) (15,315)
General and administrative expenses (14,721) (15,126)
Earnings from unconsolidated entities, net 1,423 908
Interest expense (7,371) (8,023)
Other (loss)/income, net (164) 723
Loss before income taxes (4,574) (6,444)
Provision for income taxes (180) (215)
Net loss $ (4,754) $ (6,659)
Loss per common share:    
Basic and diluted $ (0.15) $ (0.21)
Weighted average number of shares:    
Basic and diluted 32,634 32,260