2017 Q3 Form 10-K Financial Statement

#000091584018000052 Filed on November 13, 2018

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2017 Q1
Revenue $673.0M $478.6M $425.5M
YoY Change 6.46% 4.06% 10.34%
Cost Of Revenue $557.9M $399.7M $357.8M
YoY Change 5.36% 7.91% 10.36%
Gross Profit $113.4M $78.44M $67.40M
YoY Change 10.7% 1.02% 13.15%
Gross Profit Margin 16.84% 16.39% 15.84%
Selling, General & Admin $70.70M $59.60M $56.70M
YoY Change 5.21% 2.76% 5.98%
% of Gross Profit 62.37% 75.98% 84.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.900M $3.300M $3.100M
YoY Change 11.36% -2.57% 1.44%
% of Gross Profit 4.32% 4.21% 4.6%
Operating Expenses $75.60M $62.80M $59.90M
YoY Change 5.59% 2.45% 6.02%
Operating Profit $37.78M $15.57M $7.511M
YoY Change 22.52% -4.54% 147.89%
Interest Expense -$3.200M $2.934M $4.046M
YoY Change -45.76% -45.73% -39.0%
% of Operating Profit -8.47% 18.85% 53.87%
Other Income/Expense, Net $200.0K $100.0K $100.0K
YoY Change 100.0% 0.0% 0.0%
Pretax Income $37.70M $12.86M -$11.96M
YoY Change 177.21% 12.22% 129.54%
Income Tax $4.000M $5.742M -$4.464M
% Of Pretax Income 10.61% 44.66%
Net Earnings $33.70M $7.123M -$7.535M
YoY Change -3844.44% 23.19% 510.62%
Net Earnings / Revenue 5.01% 1.49% -1.77%
Basic Earnings Per Share $0.22 -$0.23
Diluted Earnings Per Share $994.1K $0.22 -$0.23
COMMON SHARES
Basic Shares Outstanding 33.54M shares 31.97M shares 31.97M shares
Diluted Shares Outstanding 32.38M shares 31.97M shares

Balance Sheet

Concept 2017 Q3 2017 Q2 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $292.1M $168.4M $138.8M
YoY Change 27.61% 32.39% 2.89%
Cash & Equivalents $304.6M $181.1M $138.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.543B $1.656B $1.631B
Prepaid Expenses
Receivables $36.30M $39.80M $43.80M
Other Receivables $100.0K $400.0K $300.0K
Total Short-Term Assets $1.871B $1.865B $1.814B
YoY Change 1.06% -3.15% -6.56%
LONG-TERM ASSETS
Property, Plant & Equipment $17.57M $18.66M $18.98M
YoY Change -8.21% -11.19% -8.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.994M $3.900M $6.100M
YoY Change -61.85% -58.51% -32.22%
Other Assets $320.4M $325.1M $332.0M
YoY Change -1.23% -5.38% -4.3%
Total Long-Term Assets $349.7M $357.1M $361.2M
YoY Change -3.25% -9.23% -7.94%
TOTAL ASSETS
Total Short-Term Assets $1.871B $1.865B $1.814B
Total Long-Term Assets $349.7M $357.1M $361.2M
Total Assets $2.221B $2.222B $2.175B
YoY Change 0.35% -4.18% -6.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $103.5M $119.4M $100.3M
YoY Change -0.67% 9.14% 1.72%
Accrued Expenses $69.80M $75.80M $58.50M
YoY Change -23.55% -14.74% -36.69%
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 $185.8M $213.6M $175.3M
YoY Change -11.27% -0.6% -15.6%
LONG-TERM LIABILITIES
Long-Term Debt $1.327B $1.335B $1.334B
YoY Change -0.34% -6.64% -8.58%
Other Long-Term Liabilities $25.40M $25.50M $27.50M
YoY Change -12.71% -22.26% -16.67%
Total Long-Term Liabilities $1.353B $1.360B $1.362B
YoY Change -0.6% -6.99% -8.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $185.8M $213.6M $175.3M
Total Long-Term Liabilities $1.353B $1.360B $1.362B
Total Liabilities $1.539B $1.574B $1.537B
YoY Change -2.02% -6.17% -9.59%
SHAREHOLDERS EQUITY
Retained Earnings -$190.7M -$224.3M -$231.4M
YoY Change -14.3% 1.22% 1.78%
Common Stock $873.1M $872.3M $869.5M
YoY Change 0.9% 1.07% 0.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $682.4M $647.9M $638.0M
YoY Change
Total Liabilities & Shareholders Equity $2.221B $2.222B $2.175B
YoY Change 0.35% -4.18% -6.79%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2017 Q1
OPERATING ACTIVITIES
Net Income $33.70M $7.123M -$7.535M
YoY Change -3844.44% 23.19% 510.62%
Depreciation, Depletion And Amortization $4.900M $3.300M $3.100M
YoY Change 11.36% -2.57% 1.44%
Cash From Operating Activities $144.8M $32.20M -$9.300M
YoY Change -25.32% 11.03% -151.96%
INVESTING ACTIVITIES
Capital Expenditures -$3.700M -$3.000M -$2.800M
YoY Change 48.0% -18.92% -15.15%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$600.0K -$1.000M
YoY Change -100.0% -66.67% -104.76%
Cash From Investing Activities -$3.900M -$3.500M -$3.800M
YoY Change -83.47% -36.36% -121.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.40M -1.000M -8.000M
YoY Change -81.31% -96.79% -82.49%
NET CHANGE
Cash From Operating Activities 144.8M 32.20M -9.300M
Cash From Investing Activities -3.900M -3.500M -3.800M
Cash From Financing Activities -17.40M -1.000M -8.000M
Net Change In Cash 123.5M 27.70M -21.10M
YoY Change 59.97% -459.74% 108.91%
FREE CASH FLOW
Cash From Operating Activities $144.8M $32.20M -$9.300M
Capital Expenditures -$3.700M -$3.000M -$2.800M
Free Cash Flow $148.5M $35.20M -$6.500M
YoY Change -24.39% 7.65% -130.66%

Facts In Submission

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34000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
57000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
595000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
859000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
512000 USD
CY2017Q3 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
11704000 USD
CY2018Q3 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
14903000 USD
CY2017Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-3413000 USD
CY2018Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-2640000 USD
CY2017Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1327412000 USD
CY2018Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1231254000 USD
CY2018 us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period1
DeferredCompensationArrangementWithIndividualRequisiteServicePeriod1
P5Y
CY2017Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
36753000 USD
CY2018Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
41508000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5574000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1625000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
102082000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15903000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
678000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
93935000 USD
CY2017Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
11297000 USD
CY2018Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10329000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
212000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-8167000 USD
CY2017Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
384352000 USD
CY2018Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
248167000 USD
CY2017Q3 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
59507000 USD
CY2018Q3 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
29565000 USD
CY2017Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
307896000 USD
CY2018Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
213955000 USD
CY2018Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
133200000 USD
CY2018Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
39600000 USD
CY2017Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1785000 USD
CY2018Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
734000 USD
CY2017Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
3247000 USD
CY2018Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
2123000 USD
CY2017Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
293298000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
196702000 USD
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.5
CY2018 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2016 us-gaap Depreciation
Depreciation
13794000 USD
CY2018 us-gaap Dividends
Dividends
0 USD
CY2017 us-gaap Depreciation
Depreciation
14009000 USD
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2018 us-gaap Depreciation
Depreciation
13807000 USD
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2016 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
13794000 USD
CY2017 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
14009000 USD
CY2018 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
13807000 USD
CY2016 us-gaap Dividends
Dividends
0 USD
CY2017 us-gaap Dividends
Dividends
0 USD
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.41
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.41
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.245
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2832000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2917000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
9600000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness
17700000 USD
CY2017Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
19043000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
11959000 USD
CY2017Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
6140000 USD
CY2018Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
6350000 USD
CY2017Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
65159000 USD
CY2018Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
34212000 USD
CY2017Q3 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
11297000 USD
CY2018Q3 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
0 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
2600000 USD
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3000000 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3300000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2622000 USD
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
165000 USD
CY2017 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
171000 USD
CY2018 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
331000 USD
CY2017Q3 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
11811000 USD
CY2018Q3 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
10113000 USD
CY2017Q3 us-gaap Equity Method Investments
EquityMethodInvestments
3994000 USD
CY2018Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4035000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
957000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
294000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
351000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-13423000 USD
CY2016Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2017Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-15563000 USD
CY2017Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2933000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12630000 USD
CY2017Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-25904000 USD
CY2018Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2018Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2018Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1935000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-27839000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
-15600000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
153628000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
161906000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
168658000 USD
CY2016 us-gaap Gross Profit
GrossProfit
297207000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
53663000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
67398000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
78443000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
113360000 USD
CY2017 us-gaap Gross Profit
GrossProfit
312864000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
60829000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
75077000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
83244000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
125865000 USD
CY2018 us-gaap Gross Profit
GrossProfit
345015000 USD
CY2016 us-gaap Home Building Costs
HomeBuildingCosts
1509625000 USD
CY2017 us-gaap Home Building Costs
HomeBuildingCosts
1600969000 USD
CY2018 us-gaap Home Building Costs
HomeBuildingCosts
1755619000 USD
CY2016 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
800000 USD
CY2017 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
600000 USD
CY2018 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
5900000 USD
CY2016 us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
13700000 USD
CY2017 us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
1700000 USD
CY2018 us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
1000000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5205000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1359000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-7495000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7114000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
33693000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
31953000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-130575000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
11616000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
13429000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
60484000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-45046000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
49438000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21703000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
34649000 USD
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.16
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.04
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.23
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.22
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.05
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.00
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-4.07
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.36
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.42
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.88
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.40
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.16
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.04
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.23
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.03
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.99
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-4.07
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.36
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.41
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.83
CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.40
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-512000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-140000 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-329000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
131000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
371000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
34000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16498000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2696000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
94484000 USD
CY2017Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
88000 USD
CY2018Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6457000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3482000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-27370000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7596000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
12052000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
12112000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-77000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-253000 USD
CY2016 us-gaap Interest Expense
InterestExpense
25388000 USD
CY2017 us-gaap Interest Expense
InterestExpense
15636000 USD
CY2018 us-gaap Interest Expense
InterestExpense
5325000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
131730000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
100125000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3000 USD
CY2017 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-204000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4974000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1287000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
111000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-40000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-685000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
598000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
-678000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
0 USD
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies State And Local
IncomeTaxReconciliationTaxContingenciesStateAndLocal
110071000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2134000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
7460000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
3174000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
1420000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
1616000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
607000 USD
CY2016 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
149000 USD
CY2017 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-16927000 USD
CY2018 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-11875000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-9365000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-690000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
17492000 USD
CY2016 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
0 USD
CY2017 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
0 USD
CY2018 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
0 USD
CY2016 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-127000 USD
CY2018 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-88000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-129028000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-41911000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
95809000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
471000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
168000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1300000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-17121000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-25208000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
15178000 USD
CY2016 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
41000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
433000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017 us-gaap Insurance Recoveries
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4800000 USD
CY2018 us-gaap Insurance Recoveries
InsuranceRecoveries
200000 USD
CY2017Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
0 USD
CY2018Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
9751000 USD
CY2018Q2 us-gaap Inventory Write Down
InventoryWriteDown
168000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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-107501000 USD
CY2018Q3 us-gaap Inventory Write Down
InventoryWriteDown
6331000 USD
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
6499000 USD
CY2017Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3994000 USD
CY2018Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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4035000 USD
CY2017Q3 us-gaap Land Available For Development
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112565000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
750773000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4087000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
24834000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
500000000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2017Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3900000 USD
CY2018Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3700000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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-197539000 USD
CY2018 us-gaap Interest Paid Net
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95857000 USD
CY2017Q3 us-gaap Interest Payable Current And Noncurrent
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11024000 USD
CY2018Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14401000 USD
CY2017Q3 us-gaap Inventory Homes Under Construction
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419312000 USD
CY2018Q3 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
476752000 USD
CY2017Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
17759000 USD
CY2018Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
7781000 USD
CY2017Q3 us-gaap Inventory Operative Builders
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1542807000 USD
CY2018Q3 us-gaap Inventory Operative Builders
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1692284000 USD
CY2017Q3 us-gaap Inventory Real Estate Land And Land Development Costs
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785777000 USD
CY2018Q3 us-gaap Inventory Real Estate Land And Land Development Costs
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907793000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
15282000 USD
CY2016Q4 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2017Q1 us-gaap Inventory Write Down
InventoryWriteDown
282000 USD
CY2017Q2 us-gaap Inventory Write Down
InventoryWriteDown
470000 USD
CY2017Q3 us-gaap Inventory Write Down
InventoryWriteDown
1693000 USD
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
2445000 USD
CY2017Q4 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2018Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2018Q3 us-gaap Land Available For Development
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83173000 USD
CY2017Q3 us-gaap Liabilities
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1538555000 USD
CY2018Q3 us-gaap Liabilities
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1484075000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
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2220995000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2128102000 USD
CY2017Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
145300000 USD
CY2018Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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200000000 USD
CY2017Q3 us-gaap Litigation Reserve
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3899000 USD
CY2018Q3 us-gaap Litigation Reserve
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3656000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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-20793000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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-12694000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13783000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-74148000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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163025000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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95909000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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30288000 USD
CY2016 us-gaap Net Income Loss
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4693000 USD
CY2017 us-gaap Net Income Loss
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31813000 USD
CY2018 us-gaap Net Income Loss
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-45375000 USD
CY2018 us-gaap Number Of Operating Segments
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3 segment
CY2018Q3 us-gaap Number Of States In Which Entity Operates
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13 state
CY2016 us-gaap Operating Income Loss
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59325000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1275000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7511000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
15569000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
37783000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
62138000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
6681000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
13825000 USD
CY2018Q2 us-gaap Operating Income Loss
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17580000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
43462000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
81548000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due
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16830000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due Current
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4624000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1643000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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2381000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3326000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4017000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
839000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4700000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4900000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4800000 USD
CY2017Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
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25377000 USD
CY2018Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
35880000 USD
CY2017Q3 us-gaap Other Assets
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7712000 USD
CY2018Q3 us-gaap Other Assets
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9339000 USD
CY2017Q3 us-gaap Other Liabilities
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107659000 USD
CY2018Q3 us-gaap Other Liabilities
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126389000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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-24330000 USD
CY2017 us-gaap Other Nonoperating Income Expense
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-15230000 USD
CY2018 us-gaap Other Nonoperating Income Expense
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-4305000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
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11246000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4919000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6272000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
57253000 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
4241000 USD
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3261000 USD
CY2018 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
421000 USD
CY2016 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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0 USD
CY2017 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2018 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12219000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12440000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17020000 USD
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q3 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2017Q3 us-gaap Preferred Stock Value
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0 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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1142000 USD
CY2017 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1621000 USD
CY2018 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
176000 USD
CY2016 us-gaap Proceeds From Income Tax Refunds
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201000 USD
CY2017 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
351000 USD
CY2018 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
162000 USD
CY2016 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
642150000 USD
CY2017 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
250000000 USD
CY2018 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
400000000 USD
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
90000000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25000000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
225000000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
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-222000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-391000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3314000 USD
CY2016 us-gaap Proceeds From Sale Of Productive Assets
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2624000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
297000 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
370000 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross
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57584000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
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55214000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
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17566000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20843000 USD
CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
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123457000 USD
CY2016Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
138108000 USD
CY2017Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
139203000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
144645000 USD
CY2016 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
78611000 USD
CY2017Q3 us-gaap Unamortized Debt Issuance Expense
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14800000 USD
CY2018Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
14336000 USD
CY2017Q4 us-gaap Real Estate Revenue Net
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372489000 USD
CY2018Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
455178000 USD
CY2018Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
511521000 USD
CY2018Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
767945000 USD
CY2018 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
2107133000 USD
CY2016 us-gaap Repayments Of Debt
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828221000 USD
CY2017 us-gaap Repayments Of Debt
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265483000 USD
CY2018 us-gaap Repayments Of Debt
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497915000 USD
CY2016 us-gaap Repayments Of Lines Of Credit
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90000000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25000000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
225000000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
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14405000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.512
CY2017 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
88764000 USD
CY2018 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
91152000 USD
CY2016 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
119360000 USD
CY2017 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
105551000 USD
CY2018 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
103880000 USD
CY2016 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1822114000 USD
CY2016Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
339241000 USD
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
425468000 USD
CY2017Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
478588000 USD
CY2017Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
672981000 USD
CY2017 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1916278000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12462000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
13443000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
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-190657000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-236032000 USD
CY2016 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
70460000 USD
CY2017 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
74811000 USD
CY2018 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
81002000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
7959000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
8159000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
10258000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.660
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.612
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.299
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.326
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.211
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0121
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0130
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0181
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
24000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2600000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2100000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
13000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
76000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
100000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
100000 USD
CY2016Q3 us-gaap Share Price
SharePrice
14.24
CY2017Q3 us-gaap Share Price
SharePrice
12.51
CY2018Q3 us-gaap Share Price
SharePrice
20.50
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100000 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
681000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
482000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
296000 USD
CY2016 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
16779 shares
CY2017 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
32035 shares
CY2018 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
229191 shares
CY2015Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
27681000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
39131000 USD
CY2017Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18091000 USD
CY2018Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15331000 USD
CY2016 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
55494000 USD
CY2017 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
40062000 USD
CY2018 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
14114000 USD
CY2016 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
53109000 USD
CY2017 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
4807000 USD
CY2018 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-2401000 USD
CY2016 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
13835000 USD
CY2017 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
14215000 USD
CY2018 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
13755000 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
64000 USD
CY2016 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
222000 USD
CY2016 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
222000 USD
CY2017 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
415000 USD
CY2018 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
3378000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
630423000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
642853000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
682440000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
644027000 USD
CY2018 us-gaap Stockholders Equity Other
StockholdersEquityOther
-18000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4721000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4541000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3804000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3494000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
180000 USD
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31798000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31952000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32141000 shares
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2273000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1400 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1300 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
61000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2611000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1136000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
310000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31803000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32426000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32141000 shares
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make informed estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. Accordingly, actual results could differ from these estimates.</font></div></div>

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