2012 Q4 Form 10-K Financial Statement
#000079929213000005 Filed on February 25, 2013
Income Statement
| Concept | 2012 Q4 | 2012 | 2011 Q4 |
|---|---|---|---|
| Revenue | $250.9M | $761.9M | $176.8M |
| YoY Change | 41.93% | 34.51% | 7.14% |
| Cost Of Revenue | $201.6M | $610.5M | $144.2M |
| YoY Change | 39.81% | 30.7% | 4.19% |
| Gross Profit | $47.64M | $151.4M | $28.56M |
| YoY Change | 66.79% | 52.47% | 7.38% |
| Gross Profit Margin | 18.99% | 19.87% | 16.16% |
| Selling, General & Admin | $38.30M | $119.0M | $27.50M |
| YoY Change | 39.27% | 23.74% | 5.77% |
| % of Gross Profit | 80.4% | 78.62% | 96.28% |
| Research & Development | $2.400M | ||
| YoY Change | -4.0% | ||
| % of Gross Profit | 1.59% | ||
| Depreciation & Amortization | $2.300M | $9.742M | $1.300M |
| YoY Change | 76.92% | 28.62% | 0.0% |
| % of Gross Profit | 4.83% | 6.43% | 4.55% |
| Operating Expenses | $38.30M | $121.4M | $27.50M |
| YoY Change | 39.27% | 23.03% | 6.18% |
| Operating Profit | $9.338M | $28.83M | $1.062M |
| YoY Change | 779.28% | -252.56% | 51.71% |
| Interest Expense | -$4.000M | $16.07M | -$4.100M |
| YoY Change | -2.44% | 7.1% | 28.12% |
| % of Operating Profit | -42.84% | 55.74% | -386.06% |
| Other Income/Expense, Net | $0.00 | ||
| YoY Change | |||
| Pretax Income | $5.400M | $12.76M | -$3.100M |
| YoY Change | -274.19% | -137.63% | -74.8% |
| Income Tax | $400.0K | -$588.0K | -$100.0K |
| % Of Pretax Income | 7.41% | -4.61% | |
| Net Earnings | $5.015M | $13.35M | -$2.976M |
| YoY Change | -268.51% | -139.4% | -73.19% |
| Net Earnings / Revenue | 2.0% | 1.75% | -1.68% |
| Basic Earnings Per Share | $0.23 | $0.68 | -$0.16 |
| Diluted Earnings Per Share | $0.23 | $0.67 | -$0.16 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 21.55M shares | 19.65M shares | 18.74M shares |
| Diluted Shares Outstanding | 21.96M shares | 19.89M shares | 18.74M shares |
Balance Sheet
| Concept | 2012 Q4 | 2012 | 2011 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $145.5M | $145.5M | $59.80M |
| YoY Change | 143.31% | 143.31% | -26.35% |
| Cash & Equivalents | $145.5M | $145.5M | $59.79M |
| Short-Term Investments | |||
| Other Short-Term Assets | $57.30M | ||
| YoY Change | 32.33% | ||
| Inventory | $556.8M | $556.8M | $466.8M |
| Prepaid Expenses | |||
| Receivables | $71.10M | $71.10M | $57.30M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $773.4M | $773.4M | $583.9M |
| YoY Change | 32.45% | 32.45% | 1.48% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $10.44M | $10.40M | $14.36M |
| YoY Change | -27.29% | -27.78% | -13.27% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $11.73M | $11.70M | $10.36M |
| YoY Change | 13.28% | 12.5% | -2.29% |
| Other Assets | $8.700M | $8.700M | $41.30M |
| YoY Change | -78.93% | -78.93% | -1.43% |
| Total Long-Term Assets | $57.90M | $57.90M | $80.59M |
| YoY Change | -28.15% | -28.16% | -6.83% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $773.4M | $773.4M | $583.9M |
| Total Long-Term Assets | $57.90M | $57.90M | $80.59M |
| Total Assets | $831.3M | $831.3M | $664.5M |
| YoY Change | 25.1% | 25.1% | 0.39% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $47.70M | $47.70M | $41.30M |
| YoY Change | 15.5% | 15.5% | 42.41% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $57.90M | $57.90M | $45.50M |
| YoY Change | 27.25% | 27.25% | 42.19% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $364.2M | $364.2M | $297.4M |
| YoY Change | 22.46% | 22.46% | 7.48% |
| Other Long-Term Liabilities | $73.70M | $73.70M | $48.30M |
| YoY Change | 52.59% | 52.59% | -2.82% |
| Total Long-Term Liabilities | $437.9M | $437.9M | $345.7M |
| YoY Change | 26.67% | 26.67% | 5.91% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $57.90M | $57.90M | $45.50M |
| Total Long-Term Liabilities | $437.9M | $437.9M | $345.7M |
| Total Liabilities | $495.9M | $495.9M | $391.1M |
| YoY Change | 26.78% | 26.8% | 9.13% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $117.0M | $103.7M | |
| YoY Change | 12.87% | -24.62% | |
| Common Stock | $180.5M | $140.2M | |
| YoY Change | 28.8% | -0.34% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $58.48M | $66.84M | |
| YoY Change | -12.51% | -5.93% | |
| Treasury Stock Shares | 2.944M shares | 3.365M shares | |
| Shareholders Equity | $335.4M | $335.4M | $273.4M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $831.3M | $831.3M | $664.5M |
| YoY Change | 25.1% | 25.1% | 0.39% |
Cashflow Statement
| Concept | 2012 Q4 | 2012 | 2011 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $5.015M | $13.35M | -$2.976M |
| YoY Change | -268.51% | -139.4% | -73.19% |
| Depreciation, Depletion And Amortization | $2.300M | $9.742M | $1.300M |
| YoY Change | 76.92% | 28.62% | 0.0% |
| Cash From Operating Activities | -$30.70M | -$47.00M | -$9.400M |
| YoY Change | 226.6% | 38.38% | -264.91% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $933.0K | -$500.0K |
| YoY Change | -100.0% | -30.99% | 400.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$400.0K | $26.30M | $1.800M |
| YoY Change | -122.22% | -428.75% | -148.65% |
| Cash From Investing Activities | -$600.0K | $25.32M | $1.400M |
| YoY Change | -142.86% | -371.58% | -136.84% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $0.00 | ||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $42.10M | $42.09M | |
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 17.00M | $107.4M | 21.00M |
| YoY Change | -19.05% | 390.98% | -40.68% |
| NET CHANGE | |||
| Cash From Operating Activities | -30.70M | -$47.00M | -9.400M |
| Cash From Investing Activities | -600.0K | $25.32M | 1.400M |
| Cash From Financing Activities | 17.00M | $107.4M | 21.00M |
| Net Change In Cash | -14.30M | $85.71M | 13.00M |
| YoY Change | -210.0% | -500.21% | -65.15% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$30.70M | -$47.00M | -$9.400M |
| Capital Expenditures | $0.00 | $933.0K | -$500.0K |
| Free Cash Flow | -$30.70M | -$47.93M | -$8.900M |
| YoY Change | 244.94% | 35.72% | -253.45% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
47690000 | USD |
| CY2011Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
41256000 | USD |
| CY2012Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
-23972000 | USD |
| CY2011Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
-24370000 | USD |
| CY2011Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
139943000 | USD |
| CY2012Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
180289000 | USD |
| CY2011 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
233000 | USD |
| CY2010 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
-13000 | USD |
| CY2011Q4 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
2675000 | USD |
| CY2012Q4 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
8727000 | USD |
| CY2012 | us-gaap |
Advertising Expense
AdvertisingExpense
|
5400000 | USD |
| CY2010 | us-gaap |
Advertising Expense
AdvertisingExpense
|
6100000 | USD |
| CY2011 | us-gaap |
Advertising Expense
AdvertisingExpense
|
4900000 | USD |
| CY2012 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1700000 | USD |
| CY2011 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1900000 | USD |
| CY2010 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2800000 | USD |
| CY2010 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2070000 | shares |
| CY2012 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1538000 | shares |
| CY2011 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2170000 | shares |
| CY2010 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
13158000 | USD |
| CY2012 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
3368000 | USD |
| CY2011 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
21938000 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
664485000 | USD |
| CY2012Q4 | us-gaap |
Assets
Assets
|
831300000 | USD |
| CY2012 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Summary of Significant Accounting Policies</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Business.</font><font style="font-family:inherit;font-size:10pt;">  M/I Homes, Inc. and its subsidiaries (the “Company” or “we”) is engaged primarily in the construction and sale of single-family residential property in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Tampa and Orlando, Florida; Austin, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.  The Company designs, sells and builds single-family homes on finished lots, which it develops or purchases ready for home construction.  The Company also purchases undeveloped land to develop into finished lots for future construction of single-family homes and, on a limited basis, for sale to others.  Our homebuilding operations operate across three geographic regions in the United States.  Within these regions, our operations have similar economic characteristics; therefore, they have been aggregated into three reportable homebuilding segments: Midwest homebuilding, Southern homebuilding and Mid-Atlantic homebuilding.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company conducts mortgage financing activities through its 100%-owned subsidiary, M/I Financial Corp. (“M/I Financial”), which originates mortgage loans primarily for purchasers of the Company’s homes.  The loans and the servicing rights are generally sold to outside mortgage lenders.  The Company and M/I Financial also operate 100%- and majority-owned subsidiaries that provide title services to purchasers of the Company’s homes.  Our mortgage banking and title service activities have similar economic characteristics; therefore, they have been aggregated into one reportable segment, the financial services segment.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation. </font><font style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and include the accounts of M/I Homes, Inc. and those of our consolidated subsidiaries, partnerships and other entities in which we have a controlling financial interest, and of variable interest entities in which we are deemed the primary beneficiary (collectively, “us”, “we”, “our” and the “Company”). Intercompany balances and transactions have been eliminated in consolidation.  The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Cash and Cash Equivalents.</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">  </font><font style="font-family:inherit;font-size:10pt;">Liquid investments with an initial maturity of three months or less are classified as cash and cash equivalents. Amounts in transit from title companies for homes delivered of approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6.7 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$8.8 million</font><font style="font-family:inherit;font-size:10pt;"> are included in cash and cash equivalents at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, respectively. M/I Financial held </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$19.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$16.3 million</font><font style="font-family:inherit;font-size:10pt;"> of the Company's cash and cash equivalents at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Restricted Cash. </font><font style="font-family:inherit;font-size:10pt;"> At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, restricted cash consists primarily of amounts held in restricted accounts as collateral for our letter of credit arrangements of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$8.7 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$41.3 million</font><font style="font-family:inherit;font-size:10pt;"> respectively. The aggregate capacity of these secured letters of credit is approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$18.0 million</font><font style="font-family:inherit;font-size:10pt;">. In addition, at December 31, 2011, restricted cash included </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$25.0 million</font><font style="font-family:inherit;font-size:10pt;"> held in restricted accounts pledged to our lenders under our $140 million secured revolving credit facility (the “Credit Facility”). The Company was released from this collateral requirement in the first quarter of 2012. Our restricted cash accounts are invested in money market accounts.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Mortgage Loans Held for Sale.</font><font style="font-family:inherit;font-size:10pt;">  Mortgage loans held for sale consists primarily of single-family residential loans collateralized by the underlying property.  Generally, all of the mortgage loans and related servicing rights are sold to third-party investors shortly after origination.  Refer to the Revenue Recognition policy described below for additional discussion.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Inventory.</font><font style="font-family:inherit;font-size:10pt;">  Inventory is recorded at cost, unless events and circumstances indicate that the carrying value of the land is impaired, at which point the inventory is written down to fair value as required by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-10, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property, Plant and Equipment</font><font style="font-family:inherit;font-size:10pt;">.  Inventory includes the costs of land acquisition, land development and home construction, capitalized interest, real estate taxes, direct overhead costs incurred during development and home construction, and common costs that benefit the entire community, less impairments, if any. Land acquisition, land development and common costs (both incurred and estimated to be incurred) are typically allocated to individual lots based on total number of lots expected to be closed in each community or phase or based on relative sales value of each lot. Any changes to the estimated total development costs of a community or phase are allocated proportionately to homes remaining in the community or phase and homes previously closed. The cost of individual lots is transferred to homes under construction when home construction begins. Home construction costs are accumulated on a specific identification basis. Costs of home closings include the specific construction cost of the home and the allocated lot costs. Such costs are charged to cost of sales simultaneously with revenue recognition, as discussed above. When a home is closed, we typically have not yet paid all incurred costs necessary to complete the home. As homes close, we compare the home construction budget to actual recorded costs to date to estimate the additional costs to be incurred from our subcontractors related to the home. We record a liability and a corresponding charge to cost of sales for the amount we estimate will ultimately be paid related to that home. We monitor the accuracy of such estimates by comparing actual costs incurred in subsequent months to the estimate, although actual costs to complete a home in the future could differ from our estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company assesses inventory for recoverability on a quarterly basis if events or changes in local or national economic conditions indicate that the carrying amount of an asset may not be recoverable. In conducting our quarterly review for indicators of impairment on a community level, we evaluate, among other things, margins on sales contracts in backlog, the margins on homes that have been delivered, expected changes in margins with regard to future home sales over the life of the community, expected changes in margins with regard to future land sales, the value of the land itself as well as any results from third party appraisals. We pay particular attention to communities in which inventory is moving at a slower than anticipated absorption pace, and communities whose average sales price and/or margins are trending downward and are anticipated to continue to trend downward. We also evaluate communities where management intends to lower the sales price or offer incentives in order to improve absorptions even if the community's historical results do not indicate a potential for impairment. From the review of all of these factors, we identify communities whose carrying values may exceed their estimated undiscounted future cash flows and run a test for recoverability. For those communities whose carrying values exceed the estimated undiscounted future cash flows and which are deemed to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the communities exceeds the estimated fair value. Due to the fact that the Company's cash flow models and estimates of fair values are based upon management estimates and assumptions, unexpected changes in market conditions and/or changes in management's intentions with respect to the inventory may lead the Company to incur additional impairment charges in the future.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our determination of fair value is based on projections and estimates, which are Level 3 measurement inputs.  Our analysis is completed at a phase level within each community; therefore, changes in local conditions may affect one or several of our communities. For all of the categories listed below, the key assumptions relating to the valuations are dependent on project-specific local market and/or community conditions and are inherently uncertain. Because each inventory asset is unique, there are numerous inputs and assumptions used in our valuation techniques. Market factors that may impact these assumptions include:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">historical project results such as average sales price and sales pace, if closings have occurred in the project;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">competitors' market and/or community presence and their competitive actions;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">project specific attributes such as location desirability and uniqueness of product offering;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">potential for alternative product offerings to respond to local market conditions; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-align:justify;vertical-align:bottom;">current economic and demographic conditions and related trends and forecasts.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These and other market factors that may impact project assumptions are considered by personnel in our homebuilding divisions as they prepare or update the forecasts for each community. Quantitative and qualitative factors other than home sales prices could significantly impact the potential for future impairments. The sales objectives can differ between communities, even within a given sub-market. For example, facts and circumstances in a given community may lead us to price our homes with the objective of yielding a higher sales absorption pace, while facts and circumstances in another community may lead us to price our homes to minimize deterioration in our gross margins, although it may result in a slower sales absorption pace. Furthermore, the key assumptions included in our estimated future undiscounted cash flows may be interrelated. For example, a decrease in estimated base sales price or an increase in home sales incentives may result in a corresponding increase in sales absorption pace or a reduction in base house costs. Changes in our key assumptions, including estimated average selling price, construction and development costs, absorption pace, selling strategies, or discount rates, could materially impact future cash flow and fair value estimates. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, our projections generally assume a gradual improvement in market conditions over time. If communities are not recoverable based on estimated future undiscounted cash flows, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets. The fair value of a community is estimated by discounting management's cash flow projections using an appropriate risk-adjusted interest rate. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, we utilized discount rates ranging from </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">13%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">16%</font><font style="font-family:inherit;font-size:10pt;"> in our valuations. The discount rate used in determining each asset's estimated fair value reflects the inherent risks associated with the related estimated cash flow stream, as well as current risk-free rates available in the market and estimated market risk premiums. For example, construction in progress inventory, which is closer to completion, will generally require a lower discount rate than land under development in communities consisting of multiple phases spanning several years of development.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Operating Communities.  </font><font style="font-family:inherit;font-size:10pt;">If an indicator for impairment exists for existing operating communities, the recoverability of assets is evaluated by comparing the carrying amount of the assets to estimated future undiscounted net cash flows expected to be generated by the assets based on home sales.  These estimated cash flows are developed based primarily on management's assumptions relating to the specific community. The significant assumptions used to evaluate the recoverability of assets include: the timing of development and/or marketing phases; projected sales price and sales pace of each existing or planned community; the estimated land development, home construction, and selling costs of the community; overall market supply and demand; the local market; and competitive conditions. Management reviews these assumptions on a quarterly basis. While we consider available information to determine what we believe to be our best estimates as of the end of a reporting period, these estimates are subject to change in future reporting periods as facts and circumstances change. We believe the most critical assumptions in the Company's cash flow models are projected absorption pace for home sales, sales prices, and costs to build and deliver homes on a community by community basis. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In order to estimate the assumed absorption pace for home sales included in the Company's cash flow models, the Company analyzes the historical absorption pace in the community as well as other communities in the geographic area. In addition, the Company considers internal and external market studies and trends, which may include, but are not limited to, statistics on population demographics, unemployment rates, foreclosure sales, and availability of competing products in the geographic area where a community is located. When analyzing the Company's historical absorption pace for home sales and corresponding internal and external market studies, the Company places greater emphasis on more current metrics and trends such as the absorption pace realized in its most recent quarters and management's most current assessment of sales pace. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In order to estimate the sales prices included in its cash flow models, the Company considers the historical sales prices realized on homes it delivered in the community and other communities in the geographic area, as well as the sales prices included in its current backlog for such communities. In addition, the Company considers internal and external market studies and trends, which may include, but are not limited to, statistics on sales prices in neighboring communities, which include the impact of short sales, if any, and sales prices on similar products in non-neighboring communities in the geographic area where the community is located. When analyzing its historical sales prices and corresponding market studies, the Company places greater emphasis on more current metrics and trends such as the sales prices realized in its most recent quarters and the sales prices in current backlog. Based upon this analysis, the Company sets a sales price for each house type in the community which it believes will achieve an acceptable gross margin and sales pace in the community. This price becomes the price published to the sales force for use in its sales efforts. The Company then considers the average of these published sales prices when estimating the future sales prices in its cash flow models, assuming </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> increase in weighted average sales price in 2013 and a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2%</font><font style="font-family:inherit;font-size:10pt;"> increase in 2014 and beyond.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In order to arrive at the Company's assumed costs to build and deliver homes, the Company generally assumes a cost structure reflecting contracts currently in place with its vendors and subcontractors, adjusted for any anticipated cost reduction initiatives or increases in cost structure. With respect to overhead included in the cash flow models, the Company uses forecasted rates included in the Company's annual budget adjusted for actual experience that is materially different than budgeted rates. The Company anticipates </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> increase in assumed weighted average costs in 2013 and a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2%</font><font style="font-family:inherit;font-size:10pt;"> increase in 2014 and beyond.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Future communities. </font><font style="font-family:inherit;font-size:10pt;"> If an indicator of impairment exists for raw land, land under development, or lots that management anticipates will be utilized for future homebuilding activities, the recoverability of assets is evaluated by comparing the carrying amount of the assets to the estimated future undiscounted cash flows expected to be generated by the assets based on home sales, consistent with the evaluations performed for operating communities discussed above. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For raw land, land under development, or lots that management intends to market for sale to a third party, but that do not meet all of the criteria to be classified as land held for sale as discussed below, the estimated fair value of the assets is determined based on either the estimated net sales proceeds expected to be realized on the sale of the assets or the estimated fair value determined using cash flow valuation techniques.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If the Company has not yet determined whether raw land, land under development, or lots will be utilized for future homebuilding activities or marketed for sale to a third party, the Company assesses the recoverability of the inventory using a probability-weighted approach.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Land held for sale. </font><font style="font-family:inherit;font-size:10pt;"> Land held for sale includes land that meets all of the following six criteria: (1) management, having the authority to approve the action, commits to a plan to sell the asset; (2) the asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets; (3) an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated; (4) the sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale, within one year; (5) the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (6) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company records land held for sale at the lower of its carrying value or estimated fair value less costs to sell. In performing the impairment evaluation for land held for sale, management considers, among other things, prices for land in recent comparable sales transactions, market analysis and recent bona fide offers received from outside third parties, as well as actual contracts. If the estimated fair value less the costs to sell an asset is less than the asset's current carrying value, the asset is written down to its estimated fair value less costs to sell.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our quarterly assessments reflect management's best estimates. Due to the inherent uncertainties in management's estimates and uncertainties related to our operations and our industry as a whole, we are unable to determine at this time if and to what extent continuing future impairments will occur. Additionally, due to the volume of possible outcomes that can be generated from changes in the various model inputs for each community, we do not believe it is possible to create a sensitivity analysis that can provide meaningful information for the users of our financial statements. Further details relating to our assessment of inventory for recoverability are included in Note 3 to our Consolidated Financial Statements. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Capitalized Interest.</font><font style="font-family:inherit;font-size:10pt;">  The Company capitalizes interest during land development and home construction.  Capitalized interest is charged to cost of sales as the related inventory is delivered to a third party.  The summary of capitalized interest for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">years ended December 31, 2012, 2011 and 2010</font><font style="font-family:inherit;font-size:10pt;"> is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td width="68%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2012</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2011</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2010</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Capitalized interest, beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">18,869</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">20,075</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">23,670</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest capitalized to inventory</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">9,975</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,743</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,744</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Capitalized interest charged to cost of sales</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(13,468</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(10,949</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(13,339</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Capitalized interest, end of year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">15,376</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">18,869</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">20,075</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest incurred</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">26,046</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">24,748</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">19,159</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Variable Interest Entities. </font><font style="font-family:inherit;font-size:10pt;">In order to minimize our investment and risk of land exposure in a single location, we have periodically partnered with other land developers or homebuilders to share in the land investment and development of a property through joint ownership and development agreements, joint ventures, and other similar arrangements. For such joint venture arrangements where a special purpose entity is established to own the property, we enter into limited liability company arrangements (“LLCs”) with the other partners to develop the land. The Company's ownership in these entities as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> ranged from </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">33%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;">. These entities typically engage in land development activities for the purpose of distributing or selling developed lots to the Company and its partners in the entity. With respect to our investments in these entities, we are required, under ASC 810-10, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidation</font><font style="font-family:inherit;font-size:10pt;"> (“ASC 810-10”) to evaluate whether or not such entities should be consolidated into our financial statements. We initially perform these evaluations when each new entity is created and upon any events that require reconsideration of the entity. In order to determine if we should consolidate an LLC, we determine if the LLC is a Variable Interest Entity (“VIE”) and if we are the primary beneficiary of the entity. Factors considered are whether we have the ability to control the activities of the VIE that most significantly impact its economic performance. Such activities include, but are not limited to, the ability to determine the budget and scope of land development work, if any; the ability to control financing decisions for the VIE; the ability to acquire additional land into the VIE or dispose of land in the VIE not under contract with M/I Homes; and the ability to change or amend the existing option contract with the VIE. If it is determined we are not able to control such activities, we are not considered the primary beneficiary of the VIE. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, we have determined that one of the LLCs in which we have an interest meets the requirements of a VIE due to a lack of equity at risk in the entity. All of our other entities had sufficient equity at risk to permit the entity to finance its activities without additional subordinated support from the equity investors. However, we have determined that we do not have substantive control over any of these entities, including our VIE. As a result, none of these entities are required to be consolidated into our financial statements and the entities are instead recorded in Investment in Unconsolidated Limited Liability Companies on our Consolidated Balance Sheets. </font></div><div style="line-height:120%;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We enter into option or purchase agreements to acquire land or lots, for which we generally pay non-refundable deposits. We also analyze these agreements under ASC 810-10 to determine whether we are the primary beneficiary of the VIE, if applicable, using an analysis similar to that described above. If we are deemed to be the primary beneficiary of the VIE, we will consolidate the VIE in our consolidated financial statements. In cases where we are the primary beneficiary, even though we do not have title to such land, we are required to consolidate these purchase/option agreements and reflect such assets and liabilities as “Consolidated Inventory not Owned” in our Consolidated Balance Sheets. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Investment in Unconsolidated Limited Liability Companies.</font><font style="font-family:inherit;font-size:10pt;"> We use the equity method of accounting for investments in unconsolidated entities over which we exercise significant influence but do not have a controlling interest. Under the equity method, our share of the unconsolidated entities' earnings or loss, if any, is included in our statement of operations. We evaluate our investments in unconsolidated entities for impairment at least quarterly as described below.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If the fair value of the investment is less than the investment's carrying value and the Company has determined that the decline in value is other than temporary, the Company would write down the value of the investment to fair value. The determination of whether an investment's fair value is less than the carrying value requires management to make certain assumptions regarding the amount and timing of future contributions to the Unconsolidated LLC, the timing of distribution of lots to the Company from the Unconsolidated LLC, the projected fair value of the lots at the time of distribution to the Company, and the estimated proceeds from, and timing of, the sale of land or lots to third parties. In determining the fair value of investments in Unconsolidated LLCs, the Company evaluates the projected cash flows associated with each Unconsolidated LLC. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, the Company used a discount rate of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">16%</font><font style="font-family:inherit;font-size:10pt;"> in determining the fair value of investments in Unconsolidated LLCs. In addition to the assumptions management must make to determine if the investment's fair value is less than the carrying value, management must also use judgment in determining whether the impairment is other than temporary. The factors management considers are: (1) the length of time and the extent to which the market value has been less than cost; (2) the financial condition and near-term prospects of the company; and (3) the intent and ability of the Company to retain its investment in the Unconsolidated LLC for a period of time sufficient to allow for any anticipated recovery in market value. We believe that the Company's maximum exposure related to its investment in these entities as of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> is the amount invested of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$11.7 million</font><font style="font-family:inherit;font-size:10pt;"> (in addition to a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;"> note due to the Company from one of the Unconsolidated LLCs), though we expect to invest further amounts in these LLCs as development of the properties progresses. Further details relating to our Unconsolidated LLCs are included in Note 7 to our Consolidated Financial Statements. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because of the high degree of judgment involved in developing these assumptions, it is possible that the Company may determine the investment is not impaired in the current period; however, due to the passage of time, change in market conditions, and/or changes in management's intentions with respect to the inventory, a change in assumptions could result and impairment could occur.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Consolidated Inventory Not Owned and Related Obligation</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">. </font><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, “Consolidated Inventory Not Owned” included </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">$19.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">$6.6 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, under options contracts that were deemed to be VIEs and where we were considered the primary beneficiary of the VIE. Of this balance, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, related to specific performance obligations. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, the corresponding liability of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">$19.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">$2.9 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, has been classified as Obligation for Consolidated Inventory Not Owned on the Consolidated Balance Sheets. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Property and Equipment-net.</font><font style="font-family:inherit;font-size:10pt;"> The Company records property and equipment at cost and subsequently depreciates the assets using both straight-line and accelerated methods.  Following are the major classes of depreciable assets and their estimated useful lives:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td width="77%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="9%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="9%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:6pt;"><font style="font-family:inherit;font-size:6pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:6pt;"><font style="font-family:inherit;font-size:6pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2012</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2011</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Land, building and improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">11,823</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">11,823</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Office furnishings, leasehold improvements, computer equipment and computer software</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">22,419</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">26,637</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Transportation and construction equipment</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">169</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">268</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Property and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">34,411</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">38,728</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(23,972</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(24,370</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Property and equipment, net</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">10,439</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">14,358</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td width="79%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:6pt;"><font style="font-family:inherit;font-size:6pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Estimated Useful Lives</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Building and improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">35 years</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Office furnishings, leasehold improvements, computer equipment and computer software</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3-7 years</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Transportation and construction equipment</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5-7 years</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation expense was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.0 million</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012, 2011 and 2010</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Notes Receivable. </font><font style="font-family:inherit;font-size:10pt;">In certain instances, we may accept consideration for land sales or other transactions in the form of a note receivable. The counterparties for these transactions are generally land developers, other real estate investors or, in some cases, affiliated unconsolidated LLCs. We consider the creditworthiness of the counterparty when evaluating the relative risk and return involved in pursuing the applicable transaction. Due to the unique facts and circumstances surrounding each receivable, we assess the need for an allowance on an individual basis. Factors considered as part of this assessment include the counterparty's payment history, the value of any underlying collateral, communications with the counterparty, knowledge of the counterparty's financial condition and plans, and the current and expected economic environment. Such receivables are reported net of allowance for credit losses within other assets. Such receivables are generally reported in Other Assets in our Consolidated Balance Sheets. At </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, Other Assets included notes receivable totaling </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$8.8 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$0.9 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, with interest rates ranging from </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">0%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">12%</font><font style="font-family:inherit;font-size:10pt;"> and maturities from </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2030</font><font style="font-family:inherit;font-size:10pt;">. With respect to the balance at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;"> was from an affiliated Unconsolidated LLCs.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Deferred Costs. </font><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, unamortized debt issue costs of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$9.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.4 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, are included in Other Assets on the Consolidated Balance Sheets. The costs are primarily amortized to interest expense using the straight line method which approximates the effective interest method. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Assets.</font><font style="font-family:inherit;font-size:10pt;">  In addition to notes receivable and deferred costs described above, other assets include assets related to mortgage servicing rights, deposits, pre-acquisition costs for land and prepaid expenses for our insurance programs and other business related items. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Warranty Reserves. </font><font style="font-family:inherit;font-size:10pt;"> We use subcontractors for nearly all aspects of home construction. Although our subcontractors are generally required to repair and replace any product or labor defects, we are, during applicable warranty periods, ultimately responsible to the homeowner for making such repairs. As such, we record warranty reserves to cover our exposure to the costs for materials and labor not expected to be covered by our subcontractors to the extent they relate to warranty-type claims. Warranty reserves are established by charging cost of sales and crediting a warranty reserve for each home closed.  The amounts charged are estimated by management to be adequate to cover expected warranty-related costs described above under the Company's warranty programs. Reserves are recorded for warranties under the following warranty programs:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Home Builder’s Limited Warranty (“HBLW”); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30-year transferable structural warranty</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The warranty reserves for the HBLW are established as a percentage of average sales price and adjusted based on historical payment patterns determined, generally, by geographic area and recent trends. Factors that are given consideration in determining the HBLW reserves include: (1) the historical range of amounts paid per average sales price on a home; (2) type and mix of amenity packages added to the home; (3) any warranty expenditures not considered to be normal and recurring; (4) timing of payments; (5) improvements in quality of construction expected to impact future warranty expenditures; and (6) conditions that may affect certain projects and require a different percentage of average sales price for those specific projects. Changes in estimates for warranties occur due to changes in the historical payment experience and differences between the actual payment pattern experienced during the period and the historical payment pattern used in our evaluation of the warranty reserve balance at the end of each quarter. Actual future warranty costs could differ from our current estimated amount.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our warranty reserves for our transferable structural warranty programs are established on a per-unit basis. While the structural warranty reserve is recorded as each house closes, the sufficiency of the structural warranty per unit charge and total reserve is re-evaluated on an annual basis, with the assistance of an actuary, using our own historical data and trends, industry-wide historical data and trends, and other project specific factors. The reserves are also evaluated quarterly and adjusted if we encounter activity that is inconsistent with the historical experience used in the annual analysis. These reserves are subject to variability due to uncertainties regarding structural defect claims for products we build, the markets in which we build, claim settlement history, insurance and legal interpretations, among other factors.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">While we believe that our warranty reserves are sufficient to cover our projected costs, there can be no assurances that historical data and trends will accurately predict our actual warranty costs. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, warranty reserves of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$10.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$9.0 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, are included in Other Liabilities on the Consolidated Balance Sheets.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Self-insurance reserves.</font><font style="font-family:inherit;font-size:10pt;"> Self-insurance reserves are made for estimated liabilities associated with employee health care, workers' compensation, and general liability insurance. For </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;">, our self-insurance limit for employee health care was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> per claim per year, with stop loss insurance covering amounts in excess of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250,000</font><font style="font-family:inherit;font-size:10pt;">. Our workers’ compensation claims are insured by a third party and carry a deductible of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> per claim, except for claims made in the state of Ohio where the Company is self-insured. Our self-insurance limit for Ohio workers’ compensation is </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$500,000</font><font style="font-family:inherit;font-size:10pt;"> per claim, with stop loss insurance covering all amounts in excess of this limit. The reserves related to employee health care and workers' compensation are based on historical experience and open case reserves. Our general liability claims are insured by a third party; the Company generally has a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$7.5 million</font><font style="font-family:inherit;font-size:10pt;"> completed operations/construction defect deductible per occurrence by division and a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$15.0 million</font><font style="font-family:inherit;font-size:10pt;"> deductible in the aggregate, with a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> deductible for all other types of claims. The Company records a general liability reserve for claims falling below the Company's deductible. The general liability reserve estimate is based on an actuarial evaluation of our past history of claims, other industry specific factors and specific event analysis. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, self-insurance reserves of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.0 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, are included in Other Liabilities on the Consolidated Balance Sheets. The Company recorded expenses totaling </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.0 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, for all self-insured and general liability claims during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">years ended December 31, 2012, 2011 and 2010</font><font style="font-family:inherit;font-size:10pt;">.  For the year ended December 31, 2010, this included </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> of charges related to defective imported drywall, as well as the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.4 million</font><font style="font-family:inherit;font-size:10pt;"> settlement received in the third quarter of 2010 related to defective imported drywall.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Guarantees and Indemnities. </font><font style="font-family:inherit;font-size:10pt;">Guarantee and indemnity liabilities are established by charging the applicable income statement or balance sheet line, depending on the nature of the guarantee or indemnity, and crediting a liability.  M/I Financial provides a limited-life guarantee on loans sold to certain third parties and estimates its actual liability related to the guarantee and any indemnities subsequently provided to the purchaser of the loans in lieu of loan repurchase based on historical loss experience.  Actual future costs associated with loans guaranteed or indemnified could differ materially from our current estimated amounts.  The Company has also provided certain other guarantees and indemnifications in connection with the purchase and development of land, including environmental indemnifications, and guarantees of the completion of land development.  The Company estimates these liabilities based on the estimated cost of insurance coverage or estimated cost of acquiring a bond in the amount of the exposure.  Actual future costs associated with these guarantees and indemnifications could differ materially from our current estimated amounts. At both </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, guarantees and indemnifications of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3.4 million</font><font style="font-family:inherit;font-size:10pt;"> are included in Other Liabilities on the Consolidated Balance Sheets.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Other Liabilities.</font><font style="font-family:inherit;font-size:10pt;">  In addition to warranty, self-insurance reserves, and reserves for guarantees and indemnities, other liabilities includes taxes payable, accrued compensation, and various other land related and miscellaneous accrued expenses.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Derivative Financial Instruments. </font><font style="font-family:inherit;font-size:10pt;">To meet financing needs of our home-buying customers, M/I Financial is party to interest rate lock commitments (“IRLCs”), which are extended to customers who have applied for a mortgage loan and meet certain defined credit and underwriting criteria. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">These IRLCs are considered derivative financial instruments. M/I Financial manages interest rate risk related to its IRLCs and mortgage loans held for sale through the use of forward sales of mortgage-backed securities (“FMBSs”), the use of best-efforts whole loan delivery commitments, and the occasional purchase of options on FMBSs in accordance with Company policy. These FMBSs, options on FMBSs, and IRLCs covered by FMBSs are considered non-designated derivatives. These amounts are either recorded in Other Assets or Other Liabilities on the Consolidated Balance Sheets (depending on the respective balance for that year ended December 31). Please see Note 3 to our Consolidated Financial Statements for more information. In determining the fair value of IRLCs, M/I Financial considers the value of the resulting loan if sold in the secondary market. The fair value includes the price that the loan is expected to be sold for along with the value of servicing release premiums. Subsequent to inception, M/I Financial estimates an updated fair value, which is compared to the initial fair value. In addition, M/I Financial uses fallout estimates, which fluctuate based on the rate of the IRLC in relation to current rates. Gains or losses are recorded in financial services revenue. Certain IRLCs and mortgage loans held for sale are committed to third party investors through the use of best-efforts whole loan delivery commitments. The IRLCs and related best-efforts whole loan delivery commitments, which generally are highly effective from an economic standpoint, are considered non-designated derivatives and are accounted for at fair value, with gains or losses recorded in financial services revenue. Under the terms of these best-efforts whole loan delivery commitments covering mortgage loans held for sale, the specific committed mortgage loans held for sale are identified and matched to specific delivery commitments on a loan-by-loan basis. The delivery commitments and loans held for sale are recorded at fair value, with changes in fair value recorded in financial services revenue. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Segment Information</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">.</font><font style="font-family:inherit;font-size:10pt;">  Our reportable business segments consist of Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding, and financial services.  Our homebuilding operations derive a majority of their revenue from constructing single-family homes in eleven markets in the United States.  Our operations in the eleven markets each individually represent an operating segment.  Due to similar economic characteristics within the homebuilding operations, the Company has aggregated the operating segments into three regions that represent the reportable homebuilding segments.  The financial services segment generates revenue by originating and selling mortgages, and by collecting fees for title and insurance services.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition.</font><font style="font-family:inherit;font-size:10pt;">  Revenue from the sale of a home is recognized when the closing has occurred, title has passed, the risks and rewards of ownership are transferred to the buyer, and an adequate initial and continuing investment by the homebuyer is received, or when the loan has been sold to a third-party investor. Revenue for homes that close to the buyer having a deposit of 5% or greater, home closings financed by third parties, and all home closings insured under Federal Housing Administration (“FHA”), U.S. Veterans Administration (“VA”) and other government-insured programs are recorded in the financial statements on the date of closing.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue related to all other home closings initially funded by our 100%-owned subsidiary, M/I Financial Corp. (“M/I Financial”), is recorded on the date that M/I Financial sells the loan to a third-party investor, because the receivable from the third-party investor is not subject to future subordination, and the Company has transferred to this investor the usual risks and rewards of ownership that is in substance a sale and does not have a substantial continuing involvement with the home. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All associated homebuilding costs are charged to cost of sales in the period when the revenues from home closings are recognized. Homebuilding costs include: land and land development costs; home construction costs (including an estimate of the costs to complete construction); previously capitalized interest; real estate taxes; indirect costs; and estimated warranty costs. All other costs are expensed as incurred. Sales incentives, including pricing discounts and financing costs paid by the Company, are recorded as a reduction of revenue in the Company's Consolidated Statements of Operations. Sales incentives in the form of options or upgrades are recorded in homebuilding costs. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognize the majority of the revenue associated with our mortgage loan operations when the mortgage loans and/or related servicing rights are sold to third party investors. The revenue recognized is reduced by the fair value of the related guarantee provided to the investor. The fair value of the guarantee is recognized in revenue when the Company is released from its obligation under the guarantee. Generally, all of the financial services mortgage loans and related servicing rights are sold to third party investors within two to three weeks of origination. M/I Financial began retaining a small portion of mortgage loan servicing rights during 2012. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, we retained mortgage servicing rights of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">369</font><font style="font-family:inherit;font-size:10pt;"> loans for a total value of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;">. We recognize financial services revenue associated with our title operations as homes are closed, closing services are rendered, and title policies are issued, all of which generally occur simultaneously as each home is closed. All of the underwriting risk associated with title insurance policies is transferred to third-party insurers.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Advertising and Research and Development.</font><font style="font-family:inherit;font-size:10pt;">  The Company expenses advertising, and research and development costs as incurred.  The Company expensed </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.4 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6.1 million</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012, 2011 and 2010</font><font style="font-family:inherit;font-size:10pt;">, respectively, for advertising expenses.  The Company expensed </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.4 million</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.4 million</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012, 2011 and 2010</font><font style="font-family:inherit;font-size:10pt;">, respectively, for research and development expenses.</font></div><div style="line-height:120%;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Income Taxes. </font><font style="font-family:inherit;font-size:10pt;">We account for income taxes using the asset and liability method, which requires that deferred tax assets and liabilities be recognized based on future tax consequences of both temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the years in which the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period when the changes are enacted.</font></div><div style="line-height:120%;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, whether we are in a cumulative loss position, projected future taxable income, tax planning strategies and recent financial operations. We evaluate our cumulative loss position over a four-year period, based on the current and prior three years. If we determine that we will not be able to realize our deferred income tax assets in the future, we make an adjustment to the valuation allowance, which increases the provision for income taxes.</font></div><div style="line-height:120%;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recognize interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying consolidated statement of operations. Accrued interest and penalties are included within the related tax liability line in the consolidated balance sheets for 2011 and 2010. We did not incur interest any penalties in 2012 as our provision for unrecognized tax benefits was reversed in the first quarter of 2012 as either the statute of limitations lapsed or audits were completed and the reserve was no longer necessary.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Earnings Per Share.</font><font style="font-family:inherit;font-size:10pt;">  Basic earnings per share is calculated by dividing income attributable to common shareholders by the weighted average number of common shares outstanding during each year. For purposes of determining diluted earnings per share, basic earnings per share is further adjusted to include the effect of potential dilutive common shares outstanding, including deferred compensation awards and outstanding options to purchase common shares using the treasury stock method as well as our 3.25% Convertible Senior Subordinated Notes due 2017 (the “2017 Convertible Senior Subordinated Notes”) using the if-converted method. Please see Note 15 to our Consolidated Financial Statements for more information regarding our earnings per share calculation.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Profit Sharing.</font><font style="font-family:inherit;font-size:10pt;">  The Company has a deferred profit-sharing plan that covers substantially all Company employees and permits participants to make contributions to the plan on a pre-tax basis in accordance with the provisions of Section 401(k) of the Internal Revenue Code of 1986, as amended.  Company contributions to the plan are made at the discretion of the Company’s board of directors and resulted in a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> expense for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">year ended December 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">years ended December 31, 2011 and 2010</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Deferred Compensation Plans.</font><font style="font-family:inherit;font-size:10pt;">  Effective November 1, 1998, the Company adopted the Executives’ Deferred Compensation Plan (the “Executive Plan”), a non-qualified deferred compensation plan.  The purpose of the Executive Plan is to provide an opportunity for certain eligible employees of the Company to defer a portion of their compensation and to invest in the Company’s common shares.  In 1997, the Company adopted the Director Deferred Compensation Plan (the “Director Plan”) to provide its directors with an opportunity to defer their director compensation and to invest in the Company’s common shares.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Stock-Based Compensation.  </font><font style="font-family:inherit;font-size:10pt;">We record stock-based compensation by recognizing compensation expense at an amount equal to the fair value of share-based awards granted under compensation arrangements. We calculate the fair value of stock options using the Black-Scholes option pricing model. Determining the fair value of share-based awards at the grant date requires judgment in developing assumptions, which involve a number of variables. These variables include, but are not limited to, the expected stock price volatility over the term of the awards and the expected term of the awards. In addition, we also use judgment in estimating the number of share-based awards that are expected to be forfeited. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications.  </font><font style="font-family:inherit;font-size:10pt;">Certain amounts in the 2010 Consolidated Statements of Cash Flows have been reclassified to conform to the 2011 and 2012 presentation. Certain amounts in our 2011 Summarized Unaudited Condensed Combined Balance Sheet for our Unconsolidated LLCs in Note 7 of our Consolidated Financial Statements were adjusted to conform to our 2012 presentation. The Company believes these reclassifications are immaterial to the Consolidated Financial Statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Land Option Agreements.</font><font style="font-family:inherit;font-size:10pt;">  In the ordinary course of business, the Company enters into land option agreements in order to secure land for the construction of homes in the future.  Pursuant to these land option agreements, the Company will provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices.  Because the entities holding the land under the option agreement may meet the criteria for VIEs, the Company evaluates all land option agreements to determine if it is necessary to consolidate any of these entities.  Other than as described above in “Consolidated Inventory Not Owned,” the Company currently believes that its maximum exposure as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> related to our land option agreements is equal to the amount of the Company's outstanding deposits and prepaid acquisition costs, which totaled </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$14.9 million</font><font style="font-family:inherit;font-size:10pt;">, including cash deposits of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$8.7 million</font><font style="font-family:inherit;font-size:10pt;">, prepaid acquisition costs of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;"> and letters of credit of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$4.1 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Letters of Credit and Completion Bonds.</font><font style="font-family:inherit;font-size:10pt;">  The Company provides standby letters of credit and completion bonds for development work in progress, deposits on land and lot purchase agreements and miscellaneous deposits.  As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, the Company had outstanding </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$61.8 million</font><font style="font-family:inherit;font-size:10pt;"> of completion bonds and standby letters of credit, some of which were issued to various local governmental entities, that expire at various times through </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">February 2018</font><font style="font-family:inherit;font-size:10pt;">.  Included in this total are: (1) </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$32.6 million</font><font style="font-family:inherit;font-size:10pt;"> of performance and maintenance bonds and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$16.2 million</font><font style="font-family:inherit;font-size:10pt;"> of performance letters of credit that serve as completion bonds for land development work in progress; (2) </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$9.5 million</font><font style="font-family:inherit;font-size:10pt;"> of financial letters of credit; and (3) </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3.5 million</font><font style="font-family:inherit;font-size:10pt;"> of financial bonds.  The development agreements under which we are required to provide completion bonds or letters of credit are generally not subject to a required completion date and only require that the improvements are in place in phases as houses are built and sold.  In locations where development has progressed, the amount of development work remaining to be completed is typically less than the remaining amount of bonds or letters of credit due to timing delays in obtaining release of the bonds or letters of credit.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Impact of New Accounting Standards. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-04:</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Fair Value Measurement (Topic 820) - Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS (“ASU 2011-04”)</font><font style="font-family:inherit;font-size:10pt;">. ASU 2011-04 provides clarity to the fair value definition in order to achieve greater consistency in fair value measurements and disclosures between United States Generally Accepted Accounting Principles (“U.S. GAAP”) and International Financial Reporting Standards (“IFRS”). ASU 2011-04 requires additional disclosures regarding transfers of assets between Level 1 and 2 of the fair value hierarchy and expands the fair value disclosure requirements particularly for Level 3 measurements. The Company adopted this standard on January 1, 2012 and the adoption did not have a material impact on the Company's financial condition, results of operations or liquidity.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2011, the FASB issued ASU No. 2011-11: </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Balance Sheet (Topic 210) - Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”)</font><font style="font-family:inherit;font-size:10pt;">. The amendments in ASU 2011-11 will enhance disclosures required by U.S. GAAP by requiring additional information about financial and derivative instruments that are either (1) offset in accordance with Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with Section 210-20-45 or Section 815-10-45. We are required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and for interim periods within those annual periods. We are required to provide the required disclosures retrospectively for all comparative periods presented. The Company adopted this standard on January 1, 2013, and the adoption did not have a material impact on the Company's Consolidated Financial Statements.</font></div></div> | |
| CY2012 | us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
1219000 | USD |
| CY2010 | us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
0 | USD |
| CY2011 | us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
0 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
145498000 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
59793000 | USD |
| CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
109930000 | USD |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
81208000 | USD |
| CY2011Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
59793000 | USD |
| CY2010 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-28722000 | USD |
| CY2011 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-21415000 | USD |
| CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
85705000 | USD |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-21415000 | USD | |
| CY2011Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
| CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
| CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
38000000 | shares |
| CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
38000000 | shares |
| CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
24631723 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22101723 | shares |
| CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
221000 | USD |
| CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
246000 | USD |
| CY2011Q4 | us-gaap |
Convertible Subordinated Debt
ConvertibleSubordinatedDebt
|
0 | USD |
| CY2012Q4 | us-gaap |
Convertible Subordinated Debt
ConvertibleSubordinatedDebt
|
57500000 | USD |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
600326000 | USD | |
| CY2012 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
749146000 | USD |
| CY2010 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
643781000 | USD |
| CY2011 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
3000 | USD |
| CY2010 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-211000 | USD |
| CY2012 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
208000 | USD |
| CY2011 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-25000 | USD |
| CY2012 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-588000 | USD |
| CY2010 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-1135000 | USD |
| CY2012 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
-796000 | USD |
| CY2010 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
-924000 | USD |
| CY2011 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
-28000 | USD |
| CY2011Q4 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
4181000 | USD |
| CY2012Q4 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
10239000 | USD |
| CY2012Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
23.80 | |
| CY2012Q4 | us-gaap |
Debt Instrument Convertible Conversion Ratio
DebtInstrumentConvertibleConversionRatio
|
42.0159 | |
| CY2011Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
359000 | USD |
| CY2012Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
9100000 | USD |
| CY2011Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
5400000 | USD |
| CY2012Q4 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
64586000 | USD |
| CY2012Q4 | us-gaap |
Deferred Compensation Equity
DeferredCompensationEquity
|
2300000 | USD |
| CY2010 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-10797000 | USD |
| CY2011 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-12950000 | USD |
| CY2012 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
5076000 | USD |
| CY2011Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
1829000 | USD |
| CY2012Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
988000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
142654000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
136737000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
|
22612000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
|
29795000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
102475000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
99979000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
389000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
336000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
|
73000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
|
-64000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
|
900000 | USD |
| CY2010Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
188000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
150000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
137000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
|
11378000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
|
12418000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
135749000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
140825000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
184000 | USD |
| CY2012Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
804000 | USD |
| CY2011Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
1470000 | USD |
| CY2012 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
600000 | USD |
| CY2011 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
400000 | USD |
| CY2010 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
400000 | USD |
| CY2010 | us-gaap |
Depreciation
Depreciation
|
5194000 | USD |
| CY2012 | us-gaap |
Depreciation
Depreciation
|
7158000 | USD |
| CY2011 | us-gaap |
Depreciation
Depreciation
|
5114000 | USD |
| CY2012 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
9742000 | USD |
| CY2010 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5194000 | USD |
| CY2011 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
7574000 | USD |
| CY2012 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
0 | USD |
| CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.68 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.81 | ||
| CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.42 | |
| CY2011 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.81 | |
| CY2011Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | |
| CY2011Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.49 | |
| CY2012Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
| CY2011Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.25 | |
| CY2012Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.43 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.17 | |
| CY2012Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.23 | |
| CY2011Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.92 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.81 | ||
| CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.42 | |
| CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | |
| CY2011 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.81 | |
| CY2012Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.23 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.17 | |
| CY2011Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.49 | |
| CY2012Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.42 | |
| CY2012Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.17 | |
| CY2011Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | |
| CY2011Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.92 | |
| CY2011Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.16 | |
| CY2010 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0410 | |
| CY2012 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0461 | |
| CY2011 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0007 | |
| CY2012Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
3400000 | USD |
| CY2012 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y1M6D | |
| CY2012 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
390000 | USD |
| CY2011 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
1029000 | USD |
| CY2010 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
0 | USD |
| CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
48978000 | USD |
| CY2012Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
59853000 | USD |
| CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
|
45569000 | USD |
| CY2012Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
|
49093000 | USD |
| CY2012Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
|
24264000 | USD |
| CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
|
22505000 | USD |
| CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
3409000 | USD |
| CY2012Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
|
10760000 | USD |
| CY2012Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
59853000 | USD |
| CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
48978000 | USD |
| CY2011Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
|
23064000 | USD |
| CY2012Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
|
24829000 | USD |
| CY2012 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
-15000 | USD |
| CY2010 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
621000 | USD |
| CY2011 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
-18000 | USD |
| CY2010 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
634000 | USD |
| CY2012 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
0 | USD |
| CY2011 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
0 | USD |
| CY2011Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
10357000 | USD |
| CY2012Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
11732000 | USD |
| CY2011 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
233000 | USD |
| CY2012 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
0 | USD |
| CY2010 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
-13000 | USD |
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
233000 | USD | |
| CY2010 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-8378000 | USD |
| CY2011 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
| CY2012 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
52664000 | USD | |
| CY2010 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
53958000 | USD |
| CY2012 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
62627000 | USD |
| CY2012 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
4000000 | USD |
| CY2011 | us-gaap |
General Insurance Expense
GeneralInsuranceExpense
|
3100000 | USD |
| CY2011Q2 | us-gaap |
Gross Profit
GrossProfit
|
17956000 | USD |
| CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
23658000 | USD |
| CY2012Q1 | us-gaap |
Gross Profit
GrossProfit
|
23700000 | USD |
| CY2012Q4 | us-gaap |
Gross Profit
GrossProfit
|
47638000 | USD |
| CY2012Q2 | us-gaap |
Gross Profit
GrossProfit
|
33411000 | USD |
| CY2012Q3 | us-gaap |
Gross Profit
GrossProfit
|
43114000 | USD |
| CY2011Q1 | us-gaap |
Gross Profit
GrossProfit
|
7125000 | USD |
| CY2011Q4 | us-gaap |
Gross Profit
GrossProfit
|
28562000 | USD |
| CY2012Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
3449000 | USD |
| CY2011Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
3420000 | USD |
| CY2012 | us-gaap |
Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Guarantees and Indemnities. </font><font style="font-family:inherit;font-size:10pt;">Guarantee and indemnity liabilities are established by charging the applicable income statement or balance sheet line, depending on the nature of the guarantee or indemnity, and crediting a liability.  M/I Financial provides a limited-life guarantee on loans sold to certain third parties and estimates its actual liability related to the guarantee and any indemnities subsequently provided to the purchaser of the loans in lieu of loan repurchase based on historical loss experience.  Actual future costs associated with loans guaranteed or indemnified could differ materially from our current estimated amounts.  The Company has also provided certain other guarantees and indemnifications in connection with the purchase and development of land, including environmental indemnifications, and guarantees of the completion of land development.  The Company estimates these liabilities based on the estimated cost of insurance coverage or estimated cost of acquiring a bond in the amount of the exposure.  Actual future costs associated with these guarantees and indemnifications could differ materially from our current estimated amounts. At both </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2012 and 2011</font><font style="font-family:inherit;font-size:10pt;">, guarantees and indemnifications of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3.4 million</font><font style="font-family:inherit;font-size:10pt;"> are included in Other Liabilities on the Consolidated Balance Sheets.</font></div></div> | |
| us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
21993000 | USD | |
| CY2010 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
12538000 | USD |
| CY2012 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3502000 | USD |
| CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
12759000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-33902000 | USD | |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-27404000 | USD |
| CY2011 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-33902000 | USD |
| CY2010 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
300000 | USD |
| CY2012 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-12000 | USD |
| CY2011 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-22000 | USD |
| CY2010 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1135000 | USD |
| CY2012 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-588000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-25000 | USD | |
| CY2011 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-25000 | USD |
| CY2011 | us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-25000 | USD |
| CY2010 | us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-1135000 | USD |
| CY2012 | us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-588000 | USD |
| CY2011 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
12950000 | USD |
| CY2012 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-5076000 | USD |
| CY2010 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
10797000 | USD |
| CY2010 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-9591000 | USD |
| CY2012 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
4466000 | USD |
| CY2011 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-11866000 | USD |
| CY2011 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
444000 | USD |
| CY2010 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
42000 | USD |
| CY2012 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
851000 | USD |
| CY2010 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-601000 | USD |
| CY2012 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
829000 | USD |
| CY2011 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-19000 | USD |
| CY2012 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
281000 | USD |
| CY2011 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-372000 | USD |
| CY2010 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
302000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5358000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-9232000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
11503000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-471000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
6421000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-123000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-814000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
5867000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
1118000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
73874000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
33014000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
44996000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
7744000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-1524000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-34351000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-13665000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
4302000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-2458000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
2566000 | USD |
| CY2012 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-32779000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
19585000 | USD |
| us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
2566000 | USD | |
| CY2012 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
| CY2011 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
| CY2010 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
| CY2010 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
19159000 | USD |
| CY2012 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
26046000 | USD |
| CY2011 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
24748000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
15005000 | USD | |
| CY2010 | us-gaap |
Interest Expense
InterestExpense
|
9415000 | USD |
| CY2012 | us-gaap |
Interest Expense
InterestExpense
|
16071000 | USD |
| CY2011 | us-gaap |
Interest Expense
InterestExpense
|
15005000 | USD |
| CY2011 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
0 | USD |
| CY2010 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
0 | USD |
| CY2012 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
0 | USD |
| CY2010 | us-gaap |
Interest Paid Net
InterestPaidNet
|
6774000 | USD |
| CY2011 | us-gaap |
Interest Paid Net
InterestPaidNet
|
12756000 | USD |
| CY2012 | us-gaap |
Interest Paid Net
InterestPaidNet
|
13083000 | USD |
| CY2011Q4 | us-gaap |
Inventory Homes Under Construction
InventoryHomesUnderConstruction
|
181483000 | USD |
| CY2012Q4 | us-gaap |
Inventory Homes Under Construction
InventoryHomesUnderConstruction
|
221432000 | USD |
| CY2011Q4 | us-gaap |
Inventory Land Held For Sale
InventoryLandHeldForSale
|
0 | USD |
| CY2012Q4 | us-gaap |
Inventory Land Held For Sale
InventoryLandHeldForSale
|
8442000 | USD |
| CY2011Q4 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
466772000 | USD |
| CY2012Q4 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
556817000 | USD |
| CY2011Q4 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
242372000 | USD |
| CY2012Q4 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
257397000 | USD |
| CY2011Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
0 | USD |
| CY2012Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
0 | USD |
| CY2012Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
25668000 | USD |
| CY2011Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
35831000 | USD |
| CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
495872000 | USD |
| CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
391135000 | USD |
| CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
831300000 | USD |
| CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
664485000 | USD |
| CY2012Q4 | us-gaap |
Limited Partners Contributed Capital
LimitedPartnersContributedCapital
|
11732000 | USD |
| CY2012Q4 | us-gaap |
Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
|
0 | USD |
| CY2012Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
70000000 | USD |
| CY2012Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
60000000 | USD |
| CY2012Q4 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
47263000 | USD |
| CY2012Q4 | us-gaap |
Loans Held For Sale Mortgages
LoansHeldForSaleMortgages
|
71121000 | USD |
| CY2011Q4 | us-gaap |
Loans Held For Sale Mortgages
LoansHeldForSaleMortgages
|
57275000 | USD |
| CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
230000000 | USD |
| CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
74291000 | USD |
| CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
60890000 | USD |
| CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
498000 | USD |
| CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
459000 | USD |
| CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
424000 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
21870000 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
30941000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
107378000 | USD |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
21870000 | USD | |
| CY2010 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-22361000 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9324000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
25322000 | USD |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9324000 | USD | |
| CY2010 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-37302000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-46995000 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-33961000 | USD |
| CY2011 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-33877000 | USD |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-33961000 | USD | |
| CY2012 | us-gaap |
Net Income Loss
NetIncomeLoss
|
13347000 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-33877000 | USD | |
| CY2010 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26269000 | USD |
| CY2011 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-33877000 | USD |
| CY2011Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9144000 | USD |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3186000 | USD |
| CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3204000 | USD |
| CY2011Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4718000 | USD |
| CY2011Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2976000 | USD |
| CY2012Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5015000 | USD |
| CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17039000 | USD |
| CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8314000 | USD |
| CY2012 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
13347000 | USD |
| CY2010 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-26269000 | USD |
| CY2012Q4 | us-gaap |
Notes Payable
NotesPayable
|
10436000 | USD |
| CY2011Q4 | us-gaap |
Notes Payable
NotesPayable
|
3250000 | USD |
| CY2011Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
900000 | USD |
| CY2012Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
8800000 | USD |
| CY2012Q4 | us-gaap |
Notes Receivable Related Parties
NotesReceivableRelatedParties
|
2500000 | USD |
| CY2012 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
12 | |
| CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-18897000 | USD |
| CY2012 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
28830000 | USD |
| CY2010 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-9611000 | USD |
| CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
9000000 | USD |
| CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
2600000 | USD |
| CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
1300000 | USD |
| CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
1400000 | USD |
| CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
1500000 | USD |
| CY2010 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
61000 | USD |
| CY2012 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
79000 | USD |
| CY2012Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
49972000 | USD |
| CY2011Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
39348000 | USD |
| CY2012Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
324000 | USD |
| CY2011Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
159000 | USD |
| CY2012Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
20038000 | USD |
| CY2011Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
5801000 | USD |
| CY2012Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
11105000 | USD |
| CY2011 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-233000 | USD |
| CY2010 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
416498000 | USD |
| CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
1700000 | USD |
| CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
500000 | USD |
| CY2011 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
3800000 | USD |
| CY2012 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
4100000 | USD |
| CY2010 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
5600000 | USD |
| CY2012 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
3502000 | USD |
| CY2011 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
21993000 | USD |
| CY2012Q4 | us-gaap |
Other Assets
OtherAssets
|
27013000 | USD |
| CY2011Q4 | us-gaap |
Other Assets
OtherAssets
|
14596000 | USD |
| CY2011 | us-gaap |
Other Expenses
OtherExpenses
|
0 | USD |
| CY2012 | us-gaap |
Other Expenses
OtherExpenses
|
0 | USD |
| CY2010 | us-gaap |
Other Expenses
OtherExpenses
|
8378000 | USD |
| CY2011 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
376132000 | USD |
| CY2012 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
520708000 | USD |
| CY2010 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
7874000 | USD |
| CY2012 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
5881000 | USD |
| CY2011 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
220000 | USD |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
220000 | USD | |
| CY2011 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
752000 | USD |
| CY2012 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
1817000 | USD |
| CY2010 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
1229000 | USD |
| CY2010 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1560000 | USD |
| CY2012 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
933000 | USD |
| CY2011 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1352000 | USD |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1352000 | USD | |
| CY2012 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.0975 | |
| CY2011Q4 | us-gaap |
Preferred Stock Including Additional Paid In Capital Net Of Discount
PreferredStockIncludingAdditionalPaidInCapitalNetOfDiscount
|
96325000 | USD |
| CY2012Q4 | us-gaap |
Preferred Stock Including Additional Paid In Capital Net Of Discount
PreferredStockIncludingAdditionalPaidInCapitalNetOfDiscount
|
96325000 | USD |
| CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
| CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
4000 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
4000 | shares |
| CY2007Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
4000 | shares |
| CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
100000000 | USD |
| CY2012 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications.  </font><font style="font-family:inherit;font-size:10pt;">Certain amounts in the 2010 Consolidated Statements of Cash Flows have been reclassified to conform to the 2011 and 2012 presentation. Certain amounts in our 2011 Summarized Unaudited Condensed Combined Balance Sheet for our Unconsolidated LLCs in Note 7 of our Consolidated Financial Statements were adjusted to conform to our 2012 presentation. The Company believes these reclassifications are immaterial to the Consolidated Financial Statements.</font></div></div> | |
| CY2010 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | USD |
| CY2012 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
57500000 | USD |
| CY2011 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | USD |
| CY2012 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
42085000 | USD |
| CY2011 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
| CY2010 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
| CY2012Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
42100000 | USD |
| CY2010 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
197174000 | USD |
| CY2012 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
29700000 | USD |
| CY2010 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
197174000 | USD |
| CY2012 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
29700000 | USD |
| CY2011 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
0 | USD |
| CY2010 | us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-325000 | USD |
| CY2012 | us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
5304000 | USD |
| CY2011 | us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-52000 | USD |
| us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-52000 | USD | |
| CY2010 | us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
8055000 | USD |
| CY2011 | us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
20409000 | USD |
| CY2012 | us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
15351000 | USD |
| us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
20409000 | USD | |
| CY2010 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
406944000 | USD |
| CY2011 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
365234000 | USD |
| CY2012 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
505368000 | USD |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-5727000 | USD | |
| CY2012 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
1690000 | USD |
| CY2010 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
1118000 | USD |
| us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
1891000 | USD | |
| CY2010 | us-gaap |
Profit Loss
ProfitLoss
|
-26269000 | USD |
| CY2012Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
34411000 | USD |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
38728000 | USD |
| CY2012 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
5853000 | USD |
| CY2010 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
5096000 | USD |
| us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
4526000 | USD | |
| CY2012 | us-gaap |
Profit Loss
ProfitLoss
|
13347000 | USD |
| CY2011 | us-gaap |
Profit Loss
ProfitLoss
|
-33877000 | USD |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD | |
| CY2010 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
12000 | USD |
| CY2012 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
4762000 | USD |
| CY2011 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1500000 | USD |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1500000 | USD | |
| CY2010Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
8335000 | USD |
| CY2009Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
8657000 | USD |
| CY2012Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
10438000 | USD |
| CY2011Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9025000 | USD |
| CY2011Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9025000 | USD |
| CY2012 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-6130000 | USD |
| CY2010 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-6536000 | USD |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14358000 | USD |
| CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10439000 | USD |
| CY2010 | us-gaap |
Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
|
4000000 | USD |
| CY2011 | us-gaap |
Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
|
3500000 | USD |
| CY2012 | us-gaap |
Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
|
4800000 | USD |
| CY2010Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
20075000 | USD |
| CY2011Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
18869000 | USD |
| CY2012Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
15376000 | USD |
| CY2009Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
23670000 | USD |
| CY2010 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
|
-13339000 | USD |
| CY2011 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
9743000 | USD |
| CY2012 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
9975000 | USD |
| CY2010 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
9744000 | USD |
| CY2012 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
|
-13468000 | USD |
| CY2011 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
|
-10949000 | USD |
| CY2012 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
41443000 | USD |
| CY2010 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
166088000 | USD |
| CY2011 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
0 | USD |
| CY2012 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
-41443000 | USD |
| CY2011 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2500000 | USD |
| CY2010 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2400000 | USD |
| CY2012 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2400000 | USD |
| CY2011Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
41334000 | USD |
| CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
8680000 | USD |
| CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
103701000 | USD |
| CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
117048000 | USD |
| CY2010 | us-gaap |
Revenues
Revenues
|
616377000 | USD |
| CY2012 | us-gaap |
Revenues
Revenues
|
761905000 | USD |
| CY2011 | us-gaap |
Revenues
Revenues
|
566424000 | USD |
| us-gaap |
Revenues
Revenues
|
566424000 | USD | |
| CY2012 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
761905000 | USD |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
566424000 | USD | |
| CY2010 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
616377000 | USD |
| CY2011Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
137444000 | USD |
| CY2012Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
208875000 | USD |
| CY2012Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
131125000 | USD |
| CY2012Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
170994000 | USD |
| CY2011Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
141624000 | USD |
| CY2011Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
110570000 | USD |
| CY2011Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
176786000 | USD |
| CY2012Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
250911000 | USD |
| CY2011Q4 | us-gaap |
Secured Debt Other
SecuredDebtOther
|
52606000 | USD |
| CY2012Q4 | us-gaap |
Secured Debt Other
SecuredDebtOther
|
67957000 | USD |
| CY2012Q4 | us-gaap |
Self Insurance Reserve
SelfInsuranceReserve
|
1200000 | USD |
| CY2011Q4 | us-gaap |
Self Insurance Reserve
SelfInsuranceReserve
|
1000000 | USD |
| CY2010 | us-gaap |
Selling Expense
SellingExpense
|
48084000 | USD |
| CY2012 | us-gaap |
Selling Expense
SellingExpense
|
56406000 | USD |
| us-gaap |
Selling Expense
SellingExpense
|
43534000 | USD | |
| CY2012Q4 | us-gaap |
Senior Notes
SeniorNotes
|
227670000 | USD |
| CY2011Q4 | us-gaap |
Senior Notes
SeniorNotes
|
239016000 | USD |
| CY2012 | us-gaap |
Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
-795000 | USD |
| CY2010 | us-gaap |
Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
0 | USD |
| CY2011 | us-gaap |
Servicing Asset At Fair Value Period Increase Decrease
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
0 | USD |
| CY2010 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2811000 | USD |
| CY2012 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1734000 | USD |
| CY2011 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1866000 | USD |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1236789 | shares |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
29.27 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1100000 | USD |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
2600000 | USD |
| CY2010 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
100000 | USD |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
-123841 | shares |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
310500 | shares |
| CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
493 | USD |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
14495 | USD |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1784209 | shares |
| CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1976224 | shares |
| CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
23.76 | |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
24.17 | |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
14169 | USD |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
1761563 | shares |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
24.33 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
12.58 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
23.24 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
12.23 | |
| CY2011 | mho |
Increase Decrease In Cash Held In Escrow
IncreaseDecreaseInCashHeldInEscrow
|
-3155000 | USD |
| CY2010 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
-100000 | USD |
| CY2012Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
5450 | USD |
| CY2012 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y7M2D | |
| CY2011 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y11M26D | |
| CY2012 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P5Y6M21D | |
| CY2012 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P4Y5M4D | |
| CY2007Q1 | us-gaap |
Shares Issued
SharesIssued
|
4000000 | shares |
| CY2011Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
9000000 | USD |
| CY2012Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
10400000 | USD |
| CY2012Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
2530000 | shares |
| CY2012Q4 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
2400000 | shares |
| CY2012 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
-378674 | shares |
| CY2012 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
4762000 | USD |
| CY2010 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
12000 | USD |
| CY2011 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1500000 | USD |
| CY2012 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
-600000 | USD |
| CY2011 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
-300000 | USD |
| CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
335428000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
273350000 | USD |
| CY2012Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
335428000 | USD |
| CY2010Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
303491000 | USD |
| CY2009Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
326763000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
273350000 | USD |
| CY2012Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2944470 | shares |
| CY2011Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
3365366 | shares |
| CY2012Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
58480000 | USD |
| CY2011Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
66840000 | USD |
| CY2011Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1346000 | USD |
| CY2012Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
| CY2009Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
3383000 | USD |
| CY2010Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1601000 | USD |
| CY2010 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
-1881000 | USD |
| CY2011 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
-294000 | USD |
| CY2012 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
-1346000 | USD |
| CY2011Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
700000 | USD |
| CY2010Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
800000 | USD |
| CY2011 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
100000 | USD |
| CY2010 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
100000 | USD |
| CY2012 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | USD |
| CY2010 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
99000 | USD |
| CY2012 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
0 | USD |
| CY2011 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
39000 | USD |
| CY2011 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
-254000 | USD |
| CY2010 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
-1782000 | USD |
| CY2012 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
-1346000 | USD |
| CY2012 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
5076000 | USD |
| CY2010 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-10797000 | USD |
| CY2011 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-12950000 | USD |
| CY2011Q4 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
52606000 | USD |
| CY2012Q4 | us-gaap |
Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
|
67957000 | USD |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18698000 | shares | |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18523000 | shares |
| CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19891000 | shares |
| CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18698000 | shares |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18772000 | shares |
| CY2011Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18615000 | shares |
| CY2012Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19031000 | shares |
| CY2011Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18711000 | shares |
| CY2012Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21961000 | shares |
| CY2011Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18728000 | shares |
| CY2012Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20273000 | shares |
| CY2011Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18736000 | shares |
| CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18523000 | shares |
| CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19651000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18698000 | shares | |
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18698000 | shares |
| CY2012Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21545000 | shares |
| CY2012Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18833000 | shares |
| CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19434000 | shares |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18772000 | shares |
| CY2011Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18728000 | shares |
| CY2011Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18711000 | shares |
| CY2011Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18736000 | shares |
| CY2011Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18615000 | shares |
| CY2012Q3 | mho |
Aggreate Maximum Principal Amount Permitted To Be Outstanding Under All Warehousing Credit Lines
AggreateMaximumPrincipalAmountPermittedToBeOutstandingUnderAllWarehousingCreditLines
|
100000000 | USD |
| CY2012Q3 | mho |
Aggreate Maximum Principal Amount Permitted To Be Outstanding Under All Warehousing Credit Lines
AggreateMaximumPrincipalAmountPermittedToBeOutstandingUnderAllWarehousingCreditLines
|
75000000 | USD |
| CY2012Q4 | mho |
Aggregate Capacity Of Secured Letters Of Credit Under Credit Facility
AggregateCapacityOfSecuredLettersOfCreditUnderCreditFacility
|
18000000 | USD |
| CY2012Q4 | mho |
Aggregate General Liability Deductible
AggregateGeneralLiabilityDeductible
|
15000000 | USD |
| CY2011 | mho |
Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
|
2460000 | USD |
| CY2012 | mho |
Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
|
2584000 | USD |
| CY2010 | mho |
Amortization Of Intangibles And Debt Discount And Debt Issue Costs
AmortizationOfIntangiblesAndDebtDiscountAndDebtIssueCosts
|
2562000 | USD |
| CY2012Q4 | mho |
Amount Reserved For Legal Expenses
AmountReservedForLegalExpenses
|
323000 | USD |
| CY2011Q4 | mho |
Amount Reserved For Legal Expenses
AmountReservedForLegalExpenses
|
540000 | USD |
| CY2010 | mho |
Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
|
-1074000 | USD |
| CY2012Q4 | mho |
Closing Price Of Common Shares On Grant Date
ClosingPriceOfCommonSharesOnGrantDate
|
13.69 | |
| CY2011Q4 | mho |
Community Development District
CommunityDevelopmentDistrict
|
5983000 | USD |
| CY2012Q4 | mho |
Community Development District
CommunityDevelopmentDistrict
|
4634000 | USD |
| CY2012 | mho |
Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
|
-1349000 | USD |
| CY2011 | mho |
Community Development District Infrastructure
CommunityDevelopmentDistrictInfrastructure
|
-1129000 | USD |
| mho |
Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
|
0 | USD | |
| CY2012Q4 | mho |
Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
|
25000 | USD |
| CY2011Q4 | mho |
Best Effort Contracts And Related Mortgage Loans Held For Sale
BestEffortContractsAndRelatedMortgageLoansHeldForSale
|
14000 | USD |
| CY2012 | mho |
Business Acquisition Cost Of Acquired Entity Net Of Cash Acquired
BusinessAcquisitionCostOfAcquiredEntityNetOfCashAcquired
|
4707000 | USD |
| CY2010 | mho |
Business Acquisition Cost Of Acquired Entity Net Of Cash Acquired
BusinessAcquisitionCostOfAcquiredEntityNetOfCashAcquired
|
0 | USD |
| CY2011 | mho |
Business Acquisition Cost Of Acquired Entity Net Of Cash Acquired
BusinessAcquisitionCostOfAcquiredEntityNetOfCashAcquired
|
4654000 | USD |
| mho |
Business Acquisition Cost Of Acquired Entity Net Of Cash Acquired
BusinessAcquisitionCostOfAcquiredEntityNetOfCashAcquired
|
4654000 | USD | |
| CY2012Q4 | mho |
Capitalized Interest And Other Costs Included In Investment In Unconsolidated Llcs
CapitalizedInterestAndOtherCostsIncludedInInvestmentInUnconsolidatedLlcs
|
806000 | USD |
| CY2011Q4 | mho |
Capitalized Interest And Other Costs Included In Investment In Unconsolidated Llcs
CapitalizedInterestAndOtherCostsIncludedInInvestmentInUnconsolidatedLlcs
|
800000 | USD |
| CY2012Q4 | mho |
Cash In Transit
CashInTransit
|
6700000 | USD |
| CY2011Q4 | mho |
Cash In Transit
CashInTransit
|
8800000 | USD |
| CY2010 | mho |
Charges Related To Defective Drywall
ChargesRelatedToDefectiveDrywall
|
600000 | USD |
| CY2012Q4 | mho |
Community Development District Obligations
CommunityDevelopmentDistrictObligations
|
4634000 | USD |
| CY2011Q4 | mho |
Community Development District Obligations
CommunityDevelopmentDistrictObligations
|
5983000 | USD |
| CY2011Q4 | mho |
Consolidated Inventory Not Owned
ConsolidatedInventoryNotOwned
|
6596000 | USD |
| CY2012Q4 | mho |
Consolidated Inventory Not Owned
ConsolidatedInventoryNotOwned
|
19105000 | USD |
| CY2012 | mho |
Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
|
16161000 | USD |
| CY2011 | mho |
Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
|
2476000 | USD |
| CY2010 | mho |
Consolidated Inventory Not Owned Obligation
ConsolidatedInventoryNotOwnedObligation
|
-148000 | USD |
| CY2012 | mho |
Convertible Shares Excluded From Diluted Earnings Per Share Due To Anti Dilutive Effect
ConvertibleSharesExcludedFromDilutedEarningsPerShareDueToAntiDilutiveEffect
|
739296 | shares |
| CY2012Q4 | mho |
Debt Instrument Convertible Principal Amount Used In Conversion Rate Calculation
DebtInstrumentConvertiblePrincipalAmountUsedInConversionRateCalculation
|
1000 | USD |
| CY2010 | mho |
Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
|
187000 | USD |
| CY2012 | mho |
Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
|
150000 | USD |
| CY2011 | mho |
Deferral Of Executive And Director Compensation
DeferralOfExecutiveAndDirectorCompensation
|
137000 | USD |
| CY2012 | mho |
Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
|
0 | USD |
| CY2010 | mho |
Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
|
13000 | USD |
| CY2011 | mho |
Distributions Of Capital From Unconsolidated Entities
DistributionsOfCapitalFromUnconsolidatedEntities
|
0 | USD |
| CY2012 | mho |
Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
|
0 | USD |
| CY2010 | mho |
Equity In Income Loss Of Subsidiaries
EquityInIncomeLossOfSubsidiaries
|
0 | USD |
| CY2011Q4 | mho |
Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
|
42000 | USD |
| CY2012Q4 | mho |
Forward Sales Of Mortgage Backed Securities Related To Mortgage Loans Held For Sale
ForwardSalesOfMortgageBackedSecuritiesRelatedToMortgageLoansHeldForSale
|
44000 | USD |
| CY2010 | mho |
Equitymethodinvestmentsummarizedfinancialinformationcostofsalesandexpenses
Equitymethodinvestmentsummarizedfinancialinformationcostofsalesandexpenses
|
13000 | USD |
| CY2012 | mho |
Equitymethodinvestmentsummarizedfinancialinformationcostofsalesandexpenses
Equitymethodinvestmentsummarizedfinancialinformationcostofsalesandexpenses
|
15000 | USD |
| CY2011 | mho |
Equitymethodinvestmentsummarizedfinancialinformationcostofsalesandexpenses
Equitymethodinvestmentsummarizedfinancialinformationcostofsalesandexpenses
|
18000 | USD |
| CY2012Q4 | mho |
Equitymethodinvestmentsummarizedfinancialinformationotherassets
Equitymethodinvestmentsummarizedfinancialinformationotherassets
|
-232000 | USD |
| CY2011Q4 | mho |
Equitymethodinvestmentsummarizedfinancialinformationotherassets
Equitymethodinvestmentsummarizedfinancialinformationotherassets
|
199000 | USD |
| CY2011 | mho |
Executive And Director Deferred Compensation Distributions
ExecutiveAndDirectorDeferredCompensationDistributions
|
0 | USD |
| CY2010 | mho |
Executive And Director Deferred Compensation Distributions
ExecutiveAndDirectorDeferredCompensationDistributions
|
0 | USD |
| CY2012 | mho |
Executive And Director Deferred Compensation Distributions
ExecutiveAndDirectorDeferredCompensationDistributions
|
0 | USD |
| CY2010 | mho |
Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
|
-1220000 | USD |
| CY2012 | mho |
Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
|
-1494000 | USD |
| CY2011 | mho |
Fair Value Adjustment Of Mortgage Loans Held For Sale
FairValueAdjustmentOfMortgageLoansHeldForSale
|
3065000 | USD |
| CY2010 | mho |
Federal And State Deferred Income Tax Expense Benefit
FederalAndStateDeferredIncomeTaxExpenseBenefit
|
0 | USD |
| CY2012 | mho |
Federal And State Deferred Income Tax Expense Benefit
FederalAndStateDeferredIncomeTaxExpenseBenefit
|
0 | USD |
| CY2011 | mho |
Federal And State Deferred Income Tax Expense Benefit
FederalAndStateDeferredIncomeTaxExpenseBenefit
|
0 | USD |
| CY2012Q4 | mho |
Financial Bonds
FinancialBonds
|
3487000 | USD |
| CY2012Q4 | mho |
Financial Letters Of Credit
FinancialLettersOfCredit
|
9435000 | USD |
| CY2012Q4 | mho |
Financial Services Cash
FinancialServicesCash
|
19100000 | USD |
| CY2011Q4 | mho |
Financial Services Cash
FinancialServicesCash
|
16300000 | USD |
| CY2012Q4 | mho |
Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
|
26000 | USD |
| CY2011Q4 | mho |
Forward Sales Of Mortgage Backed Securities Related To Uncommitted Interest Rate Lock Commitments
ForwardSalesOfMortgageBackedSecuritiesRelatedToUncommittedInterestRateLockCommitments
|
26000 | USD |
| CY2012 | mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
-1000 | USD |
| CY2010 | mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
-2000 | USD |
| CY2011 | mho |
Gain Loss On Assets And Liabilities Measured On Recurring Basis
GainLossOnAssetsAndLiabilitiesMeasuredOnRecurringBasis
|
2000 | USD |
| CY2012Q4 | mho |
General Liability Insurance Deductible
GeneralLiabilityInsuranceDeductible
|
7500000 | USD |
| CY2011Q4 | mho |
Impairment Charges Reducing Eps
ImpairmentChargesReducingEps
|
0.15 | |
| CY2012Q2 | mho |
Impairment Charges Reducing Eps
ImpairmentChargesReducingEps
|
0.02 | |
| CY2012Q4 | mho |
Impairment Charges Reducing Eps
ImpairmentChargesReducingEps
|
0.05 | |
| CY2011Q2 | mho |
Impairment Charges Reducing Eps
ImpairmentChargesReducingEps
|
0.18 | |
| CY2012Q1 | mho |
Impairment Charges Reducing Eps
ImpairmentChargesReducingEps
|
0.00 | |
| CY2011Q3 | mho |
Impairment Charges Reducing Eps
ImpairmentChargesReducingEps
|
0.06 | |
| CY2011Q1 | mho |
Impairment Charges Reducing Eps
ImpairmentChargesReducingEps
|
0.37 | |
| CY2012Q3 | mho |
Impairment Charges Reducing Eps
ImpairmentChargesReducingEps
|
-0.05 | |
| CY2012Q4 | mho |
Impairment Charges Reducing Net Income
ImpairmentChargesReducingNetIncome
|
1000000 | USD |
| CY2012Q2 | mho |
Impairment Charges Reducing Net Income
ImpairmentChargesReducingNetIncome
|
400000 | USD |
| CY2011Q4 | mho |
Impairment Charges Reducing Net Income
ImpairmentChargesReducingNetIncome
|
2800000 | USD |
| CY2011Q2 | mho |
Impairment Charges Reducing Net Income
ImpairmentChargesReducingNetIncome
|
3400000 | USD |
| CY2011Q1 | mho |
Impairment Charges Reducing Net Income
ImpairmentChargesReducingNetIncome
|
6900000 | USD |
| CY2012Q3 | mho |
Impairment Charges Reducing Net Income
ImpairmentChargesReducingNetIncome
|
-1000000 | USD |
| CY2011Q3 | mho |
Impairment Charges Reducing Net Income
ImpairmentChargesReducingNetIncome
|
1100000 | USD |
| CY2012Q1 | mho |
Impairment Charges Reducing Net Income
ImpairmentChargesReducingNetIncome
|
100000 | USD |
| CY2012Q2 | mho |
Impairment Charges Reduction In Gross Margin
ImpairmentChargesReductionInGrossMargin
|
0 | USD |
| CY2011Q3 | mho |
Impairment Charges Reduction In Gross Margin
ImpairmentChargesReductionInGrossMargin
|
2000000 | USD |
| CY2012Q1 | mho |
Impairment Charges Reduction In Gross Margin
ImpairmentChargesReductionInGrossMargin
|
0 | USD |
| CY2012Q4 | mho |
Impairment Charges Reduction In Gross Margin
ImpairmentChargesReductionInGrossMargin
|
2000000 | USD |
| CY2011Q1 | mho |
Impairment Charges Reduction In Gross Margin
ImpairmentChargesReductionInGrossMargin
|
11000000 | USD |
| CY2011Q2 | mho |
Impairment Charges Reduction In Gross Margin
ImpairmentChargesReductionInGrossMargin
|
5000000 | USD |
| CY2012Q3 | mho |
Impairment Charges Reduction In Gross Margin
ImpairmentChargesReductionInGrossMargin
|
1000000 | USD |
| CY2011Q4 | mho |
Impairment Charges Reduction In Gross Margin
ImpairmentChargesReductionInGrossMargin
|
4000000 | USD |
| CY2011 | mho |
Income Tax Reconciliation Change In State Nol Deferred Tax Asset Net Of Federal Tax Benefit
IncomeTaxReconciliationChangeInStateNolDeferredTaxAssetNetOfFederalTaxBenefit
|
-1280000 | USD |
| CY2012 | mho |
Income Tax Reconciliation Change In State Nol Deferred Tax Asset Net Of Federal Tax Benefit
IncomeTaxReconciliationChangeInStateNolDeferredTaxAssetNetOfFederalTaxBenefit
|
-312000 | USD |
| CY2010 | mho |
Income Tax Reconciliation Change In State Nol Deferred Tax Asset Net Of Federal Tax Benefit
IncomeTaxReconciliationChangeInStateNolDeferredTaxAssetNetOfFederalTaxBenefit
|
0 | USD |
| CY2012 | mho |
Increase Decrease In Cash Held In Escrow
IncreaseDecreaseInCashHeldInEscrow
|
125000 | USD |
| CY2010 | mho |
Increase Decrease In Cash Held In Escrow
IncreaseDecreaseInCashHeldInEscrow
|
36000 | USD |
| CY2012 | mho |
Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
|
148000 | shares |
| CY2010 | mho |
Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
|
0 | shares |
| CY2011 | mho |
Incremental Common Shares Attributable To Deferred Compensation
IncrementalCommonSharesAttributableToDeferredCompensation
|
0 | shares |
| CY2011 | mho |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
0 | shares |
| CY2012 | mho |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
92000 | shares |
| CY2010 | mho |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
0 | shares |
| CY2011Q4 | mho |
Intercompany
Intercompany
|
0 | USD |
| CY2012Q4 | mho |
Intercompany
Intercompany
|
0 | USD |
| mho |
Intercompany Financing
IntercompanyFinancing
|
0 | USD | |
| CY2010 | mho |
Intercompany Financing
IntercompanyFinancing
|
0 | USD |
| CY2012 | mho |
Intercompany Financing
IntercompanyFinancing
|
0 | USD |
| CY2012Q4 | mho |
Inventories
Inventories
|
60085000 | USD |
| CY2011Q4 | mho |
Inventories
Inventories
|
48779000 | USD |
| CY2011Q4 | mho |
Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
|
27662000 | USD |
| CY2012Q4 | mho |
Inventory Model Homes And Furnishings
InventoryModelHomesAndFurnishings
|
37080000 | USD |
| CY2012Q4 | mho |
Inventory Pledged As Collateral Under Line Of Credit Facility
InventoryPledgedAsCollateralUnderLineOfCreditFacility
|
163215000 | USD |
| CY2011Q4 | mho |
Inventory Segments
InventorySegments
|
464097000 | USD |
| CY2012Q4 | mho |
Inventory Segments
InventorySegments
|
548090000 | USD |
| CY2012 | mho |
Land And Housing Costs
LandAndHousingCosts
|
610540000 | USD |
| CY2010 | mho |
Land And Housing Costs
LandAndHousingCosts
|
511408000 | USD |
| mho |
Land And Housing Costs
LandAndHousingCosts
|
467130000 | USD | |
| CY2012Q4 | mho |
Land Purchase Deposits
LandPurchaseDeposits
|
8727000 | USD |
| CY2011Q4 | mho |
Land Purchase Deposits
LandPurchaseDeposits
|
2676000 | USD |
| CY2012Q4 | mho |
Letters Of Credit And Bonds
LettersOfCreditAndBonds
|
61795000 | USD |
| CY2012Q4 | mho |
Letters Of Credit Outstanding Under Credit Facility
LettersOfCreditOutstandingUnderCreditFacility
|
17322000 | USD |
| CY2012Q4 | mho |
Letters Of Credit Outstanding Under Letter Of Credit Facilities
LettersOfCreditOutstandingUnderLetterOfCreditFacilities
|
8345000 | USD |
| CY2012Q4 | mho |
Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
|
2575000 | USD |
| CY2011Q4 | mho |
Loan Repurchase Guarantee Liability
LoanRepurchaseGuaranteeLiability
|
2750000 | USD |
| CY2012Q4 | mho |
Long Term Debt Maturities Repayments Of Principal
LongTermDebtMaturitiesRepaymentsOfPrincipal
|
366562000 | USD |
| CY2012Q4 | mho |
Maximum Borrowing Availabilitiy Under Sterling Warehouse Line
MaximumBorrowingAvailabilitiyUnderSterlingWarehouseLine
|
15000000 | USD |
| CY2012Q4 | mho |
Maximum Borrowing Availability Under All Credit Lines
MaximumBorrowingAvailabilityUnderAllCreditLines
|
85000000 | USD |
| CY2011Q4 | mho |
Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
|
4340000 | USD |
| CY2012Q4 | mho |
Model Home Accumulated Depreciation
ModelHomeAccumulatedDepreciation
|
4883000 | USD |
| CY2011Q4 | mho |
Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
|
42000 | USD |
| CY2012Q4 | mho |
Mortgage Loans Held For Sale Covered By Forward Sales Of Mortgage Backed Securities
MortgageLoansHeldForSaleCoveredByForwardSalesOfMortgageBackedSecurities
|
45000 | USD |
| CY2012 | mho |
Non Cash Contingent Consideration Related To Acquisition
NonCashContingentConsiderationRelatedToAcquisition
|
0 | USD |
| CY2011 | mho |
Non Cash Contingent Consideration Related To Acquisition
NonCashContingentConsiderationRelatedToAcquisition
|
329000 | USD |
| CY2010 | mho |
Non Cash Contingent Consideration Related To Acquisition
NonCashContingentConsiderationRelatedToAcquisition
|
0 | USD |
| CY2011Q4 | mho |
Notional Amount Of Best Effort Contracts And Related Committed Interest Rate Lock Commitments
NotionalAmountOfBestEffortContractsAndRelatedCommittedInterestRateLockCommitments
|
1000 | USD |
| CY2012Q4 | mho |
Notional Amount Of Best Effort Contracts And Related Committed Interest Rate Lock Commitments
NotionalAmountOfBestEffortContractsAndRelatedCommittedInterestRateLockCommitments
|
1000 | USD |
| CY2011Q4 | mho |
Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
|
26000 | USD |
| CY2012Q4 | mho |
Notional Amount Of Uncommitted Interest Rate Lock Commitments
NotionalAmountOfUncommittedInterestRateLockCommitments
|
26000 | USD |
| CY2012Q4 | mho |
Number Of Loans We Retain Mortgage Servicing Rights On
NumberOfLoansWeRetainMortgageServicingRightsOn
|
369 | |
| CY2012Q4 | mho |
Number Of Secured Letters Of Credit Outstanding Under Credit Facility
NumberOfSecuredLettersOfCreditOutstandingUnderCreditFacility
|
3 | |
| CY2012Q4 | mho |
Number Of Speculative Homes
NumberOfSpeculativeHomes
|
649 | homes |
| CY2011Q4 | mho |
Number Of Speculative Homes
NumberOfSpeculativeHomes
|
573 | |
| CY2011Q4 | mho |
Obligation For Consolidated Inventory Not Owned
ObligationForConsolidatedInventoryNotOwned
|
2944000 | USD |
| CY2012Q4 | mho |
Obligation For Consolidated Inventory Not Owned
ObligationForConsolidatedInventoryNotOwned
|
19105000 | USD |
| CY2011Q4 | mho |
Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
|
4600000 | USD |
| CY2011Q4 | mho |
Other Combined Assets
OtherCombinedAssets
|
187356000 | USD |
| CY2012Q4 | mho |
Other Combined Assets
OtherCombinedAssets
|
262751000 | USD |
| CY2012Q4 | mho |
Outstanding Deposits On Land And Lots
OutstandingDepositsOnLandAndLots
|
14900000 | USD |
| CY2012Q4 | mho |
Outstanding Letters Of Credit In Lieu Of Cash Deposits Under Certain Land Option Contracts
OutstandingLettersOfCreditInLieuOfCashDepositsUnderCertainLandOptionContracts
|
4138000 | USD |
| CY2012Q4 | mho |
Outstanding Performance Bonds
OutstandingPerformanceBonds
|
32641000 | USD |
| CY2012Q4 | mho |
Performance Letters Of Credit Outstanding
PerformanceLettersOfCreditOutstanding
|
16232000 | USD |
| CY2012Q4 | mho |
Prepaid Land Acquisition Costs
PrepaidLandAcquisitionCosts
|
2100000 | USD |
| CY2011 | mho |
Reduction Of Impairment Relating To Llcs
ReductionOfImpairmentRelatingToLlcs
|
12100000 | USD |
| CY2012 | mho |
Reduction Of Impairment Relating To Llcs
ReductionOfImpairmentRelatingToLlcs
|
12500000 | USD |
| CY2012Q4 | mho |
Restricted Cash For Secured Letter Of Credit Agreements
RestrictedCashForSecuredLetterOfCreditAgreements
|
8527000 | USD |
| CY2012Q4 | mho |
Restricted Payments Basket
RestrictedPaymentsBasket
|
39400000 | USD |
| mho |
Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
|
-752000 | USD | |
| CY2010 | mho |
Return Of Investment From Unconsolidated Llcs
ReturnOfInvestmentFromUnconsolidatedLlcs
|
13000 | USD |
| CY2011Q4 | mho |
Security Pledged As Collateral That Has Been Released
SecurityPledgedAsCollateralThatHasBeenReleased
|
25000000 | USD |
| CY2010 | mho |
Self Insured And General Liability Claims Expense
SelfInsuredAndGeneralLiabilityClaimsExpense
|
2000000 | USD |
| CY2010 | mho |
Settlement Received Related To Defective Drywall
SettlementReceivedRelatedToDefectiveDrywall
|
2400000 | USD |
| CY2012Q4 | mho |
Share Based Compensation Arrangement By Share Based Payment Award Units Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardUnitsOutstanding
|
16110 | shares |
| CY2012Q4 | mho |
Share Based Compensation Arrangement By Share Based Payment Award Value Of Units Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardValueOfUnitsOutstanding
|
500000 | USD |
| CY2012Q4 | mho |
Specific Performance Obligation Under Contracts
SpecificPerformanceObligationUnderContracts
|
2600000 | USD |
| CY2011Q4 | mho |
Specific Performance Obligation Under Contracts
SpecificPerformanceObligationUnderContracts
|
2000000 | USD |
| CY2011Q4 | mho |
Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
|
85499000 | USD |
| CY2011Q4 | mho |
Stock Units Awarded Under2009 Ltip Plan
StockUnitsAwardedUnder2009LtipPlan
|
6000 | shares |
| CY2012Q4 | mho |
Stock Units Outstanding Under Stock Option Plan
StockUnitsOutstandingUnderStockOptionPlan
|
86313 | shares |
| CY2012Q4 | mho |
Stockissuedduringperiodpricepershare
Stockissuedduringperiodpricepershare
|
17.63 | |
| CY2011Q4 | mho |
Total Loans Indemnified
TotalLoansIndemnified
|
1400000 | USD |
| CY2012Q4 | mho |
Total Loans Indemnified
TotalLoansIndemnified
|
1020000 | USD |
| CY2012Q4 | mho |
Speculative Homes Carrying Value
SpeculativeHomesCarryingValue
|
89782000 | USD |
| CY2012Q4 | mho |
Stock Units Awarded Under2009 Ltip Plan
StockUnitsAwardedUnder2009LtipPlan
|
7000 | shares |
| CY2010Q4 | mho |
Stock Units Awarded Under2009 Ltip Plan
StockUnitsAwardedUnder2009LtipPlan
|
6000 | shares |
| CY2012Q4 | mho |
Total Of Guaranteed Loans Inquired About
TotalOfGuaranteedLoansInquiredAbout
|
7900000 | USD |
| CY2011Q4 | mho |
Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
|
53000000 | USD |
| CY2012Q4 | mho |
Total Of Loans Covered By Guarantees
TotalOfLoansCoveredByGuarantees
|
3064000 | USD |
| CY2011Q4 | mho |
Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
|
22967000 | USD |
| mho |
Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
|
13158000 | USD | |
| CY2012Q4 | mho |
Total Of Valuation Adjustments And Write Offs
TotalOfValuationAdjustmentsAndWriteOffs
|
3758000 | USD |
| CY2012 | mho |
Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
|
3758000 | USD |
| CY2010 | mho |
Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
|
13158000 | USD |
| CY2011 | mho |
Total Valuation Adjustments And Write Offs
TotalValuationAdjustmentsAndWriteOffs
|
22967000 | USD |
| CY2012Q4 | mho |
Total Value Of Units Outstanding Under All Stock Option Plans
TotalValueOfUnitsOutstandingUnderAllStockOptionPlans
|
1700000 | USD |
| CY2012Q4 | mho |
Unrecorded Conditional Purchase Obligation
UnrecordedConditionalPurchaseObligation
|
240506000 | USD |
| CY2012 | mho |
Valuation Adjustments To Inventory
ValuationAdjustmentsToInventory
|
3112000 | USD |
| CY2011 | mho |
Valuation Adjustments To Inventory
ValuationAdjustmentsToInventory
|
20964000 | USD |
| CY2012 | mho |
Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
|
390000 | USD |
| CY2011 | mho |
Valuation Adjustments To Investments In Unconsolidated Entities
ValuationAdjustmentsToInvestmentsInUnconsolidatedEntities
|
1029000 | USD |
| CY2012 | mho |
Valuation Allowance Recorded Against Net Deferred Tax Assets Generated From Loss For Period
ValuationAllowanceRecordedAgainstNetDeferredTaxAssetsGeneratedFromLossForPeriod
|
-5076000 | USD |
| CY2011Q4 | mho |
Value Of Stock Units Awarded Under2009 Ltip Plan
ValueOfStockUnitsAwardedUnder2009LtipPlan
|
75000 | USD |
| CY2010Q4 | mho |
Value Of Stock Units Awarded Under2009 Ltip Plan
ValueOfStockUnitsAwardedUnder2009LtipPlan
|
94000 | USD |
| CY2012Q4 | mho |
Value Of Stock Units Awarded Under2009 Ltip Plan
ValueOfStockUnitsAwardedUnder2009LtipPlan
|
96000 | USD |
| CY2012 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2012 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2012 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2012 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
| CY2012 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-12-31 | |
| CY2012 | dei |
Document Type
DocumentType
|
10-K | |
| CY2012 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000799292 | |
| CY2013Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
21687253 | shares |
| CY2012 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2012 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
| CY2012 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
| CY2012Q2 | dei |
Entity Public Float
EntityPublicFloat
|
314626000 | USD |
| CY2012 | dei |
Entity Registrant Name
EntityRegistrantName
|
M I HOMES INC | |
| CY2012 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No |
