2020 Q1 Form 10-Q Financial Statement

#000091584020000041 Filed on April 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1 2018 Q4
Revenue $489.4M $421.3M $402.0M
YoY Change 16.18% -7.45% 7.93%
Cost Of Revenue $410.6M $356.3M $340.4M
YoY Change 15.23% -6.25% 9.21%
Gross Profit $78.85M -$82.68M $60.66M
YoY Change -195.36% -210.13% -0.29%
Gross Profit Margin 16.11% -19.63% 15.09%
Selling, General & Admin $58.80M $53.40M $54.40M
YoY Change 10.11% -8.25% 5.43%
% of Gross Profit 74.58% 89.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.700M $2.900M $2.800M
YoY Change 27.59% -6.45% 12.0%
% of Gross Profit 4.69% 4.62%
Operating Expenses $62.40M $56.30M $57.10M
YoY Change 10.83% -8.16% 5.55%
Operating Profit $16.42M -$139.0M $3.506M
YoY Change -111.82% -1105.06% -47.52%
Interest Expense $1.928M $597.0K $242.0K
YoY Change 222.95% -63.82% -92.95%
% of Operating Profit 11.74% 6.9%
Other Income/Expense, Net -$1.786M $300.0K $200.0K
YoY Change -695.33% 50.0% -33.33%
Pretax Income $14.79M -$139.0M $3.400M
YoY Change -110.64% -1200.65% -115.13%
Income Tax $4.200M -$38.16M -$3.900M
% Of Pretax Income 28.41% -114.71%
Net Earnings $10.61M -$100.9M $7.311M
YoY Change -110.52% -972.66% -105.58%
Net Earnings / Revenue 2.17% -23.94% 1.82%
Basic Earnings Per Share $0.36 -$3.28
Diluted Earnings Per Share $0.35 -$3.28 $0.23
COMMON SHARES
Basic Shares Outstanding 29.87M shares 30.71M shares 31.80M shares
Diluted Shares Outstanding 29.98M shares 30.71M shares 32.06M shares

Balance Sheet

Concept 2020 Q1 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $294.3M $86.40M $84.40M
YoY Change 240.63% -45.59% -52.53%
Cash & Equivalents $312.5M $98.64M $97.04M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.595B $1.634B $1.722B
Prepaid Expenses
Receivables $20.60M $18.50M $19.30M
Other Receivables $9.200M $0.00 $0.00
Total Short-Term Assets $1.919B $1.739B $1.826B
YoY Change 10.35% -6.81% -0.58%
LONG-TERM ASSETS
Property, Plant & Equipment $25.82M $26.66M $24.41M
YoY Change -3.16% 32.21% 30.23%
Goodwill $11.38M $10.61M $10.61M
YoY Change 7.27%
Intangibles
YoY Change
Long-Term Investments $4.040M $3.726M $3.650M
YoY Change 8.43% -13.35% -15.12%
Other Assets $257.0M $268.5M $230.7M
YoY Change -4.28% 26.65% 8.72%
Total Long-Term Assets $319.6M $316.0M $277.6M
YoY Change 1.12% 31.14% -27.82%
TOTAL ASSETS
Total Short-Term Assets $1.919B $1.739B $1.826B
Total Long-Term Assets $319.6M $316.0M $277.6M
Total Assets $2.239B $2.055B $2.103B
YoY Change 8.94% -2.48% -5.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $137.2M $125.4M $99.90M
YoY Change 9.41% 7.09% 2.46%
Accrued Expenses $82.50M $50.10M $61.20M
YoY Change 64.67% -6.18% 0.16%
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 $237.8M $192.7M $175.4M
YoY Change 23.4% 1.85% 1.1%
LONG-TERM LIABILITIES
Long-Term Debt $1.429B $1.302B $1.256B
YoY Change 9.76% -1.79% -5.19%
Other Long-Term Liabilities $24.80M $31.70M $37.10M
YoY Change -21.77% 22.87% 36.4%
Total Long-Term Liabilities $1.454B $1.334B $1.293B
YoY Change 9.01% -1.32% -4.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $237.8M $192.7M $175.4M
Total Long-Term Liabilities $1.454B $1.334B $1.293B
Total Liabilities $1.692B $1.526B $1.468B
YoY Change 10.83% -0.93% -3.73%
SHAREHOLDERS EQUITY
Retained Earnings -$302.2M -$329.6M -$228.7M
YoY Change -8.31% 6.3% -28.88%
Common Stock $849.7M $858.7M $863.8M
YoY Change -1.06% -2.08% -1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $547.5M $529.2M $635.1M
YoY Change
Total Liabilities & Shareholders Equity $2.239B $2.055B $2.103B
YoY Change 8.94% -2.48% 1.22%

Cashflow Statement

Concept 2020 Q1 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income $10.61M -$100.9M $7.311M
YoY Change -110.52% -972.66% -105.58%
Depreciation, Depletion And Amortization $3.700M $2.900M $2.800M
YoY Change 27.59% -6.45% 12.0%
Cash From Operating Activities $38.60M -$28.30M -$54.69M
YoY Change -236.4% 102.14% -46.5%
INVESTING ACTIVITIES
Capital Expenditures -$2.900M -$5.100M $6.354M
YoY Change -43.14% 13.33% 71.64%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$4.100M $100.0K
YoY Change -100.0% -2150.0% -133.33%
Cash From Investing Activities -$2.800M -$9.200M -$6.300M
YoY Change -69.57% 113.95% 55.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.50M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 216.7M 39.10M $4.778M
YoY Change 454.22% -39200.0% -156.53%
NET CHANGE
Cash From Operating Activities 38.60M -28.30M -$54.69M
Cash From Investing Activities -2.800M -9.200M -$6.300M
Cash From Financing Activities 216.7M 39.10M $4.778M
Net Change In Cash 252.5M 1.600M -$56.21M
YoY Change 15681.25% -108.7% -51.0%
FREE CASH FLOW
Cash From Operating Activities $38.60M -$28.30M -$54.69M
Capital Expenditures -$2.900M -$5.100M $6.354M
Free Cash Flow $41.50M -$23.20M -$61.04M
YoY Change -278.88% 144.21% -42.37%

Facts In Submission

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CY2019Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-100832000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-93510000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10615000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
13419000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-138990000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-135590000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14785000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17378000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-3.28
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.99
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.36
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-3.28
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-2.99
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.35
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.45
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-30000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-41000 USD
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-59000 USD
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
81000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
147000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
134000 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
5400000 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
800000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-38200000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-38158000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-42100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-42080000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4170000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3959000 USD
CY2019Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
4935000 USD
CY2020Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
9224000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
61000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
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-6166000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-5816000 USD
CY2019Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Interest Paid Net
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48277000 USD
us-gaap Interest Paid Net
InterestPaidNet
28731000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1029000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
6086000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
0 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
0 USD
us-gaap Increase Decrease In Income Taxes Receivable
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0 USD
us-gaap Increase Decrease In Income Taxes Receivable
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-315000 USD
us-gaap Increase Decrease In Inventories
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88491000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
89162000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3036000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3063000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-25368000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
587000 USD
CY2020Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
10000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
20000 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
97000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
250000 shares
CY2019Q1 us-gaap Interest Expense
InterestExpense
597000 USD
us-gaap Interest Expense
InterestExpense
839000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
1928000 USD
us-gaap Interest Expense
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3370000 USD
CY2019Q3 us-gaap Interest Payable Current And Noncurrent
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36237000 USD
CY2020Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
25760000 USD
CY2019Q3 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
507542000 USD
CY2020Q1 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
634380000 USD
CY2019Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
12662000 USD
CY2020Q1 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
10716000 USD
CY2019Q3 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1504248000 USD
CY2020Q1 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
1595300000 USD
CY2019Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
738201000 USD
CY2020Q1 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
706691000 USD
CY2019Q1 us-gaap Inventory Write Down
InventoryWriteDown
147611000 USD
us-gaap Inventory Write Down
InventoryWriteDown
148600000 USD
us-gaap Inventory Write Down
InventoryWriteDown
148618000 USD
CY2020Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2019Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3962000 USD
CY2020Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4040000 USD
CY2019Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
28531000 USD
CY2020Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
28531000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19612000 USD
us-gaap Proceeds From Income Tax Refunds
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315000 USD
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
0 USD
CY2019Q3 us-gaap Litigation Reserve
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3420000 USD
CY2020Q1 us-gaap Litigation Reserve
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3473000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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43926000 USD
us-gaap Net Income Loss
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13360000 USD
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2020Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
13 state
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-138950000 USD
us-gaap Operating Income Loss
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-135444000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4270000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1818000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2933000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3743000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4573000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2275000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2465000 USD
CY2019Q3 us-gaap Liabilities
Liabilities
1418890000 USD
CY2020Q1 us-gaap Liabilities
Liabilities
1691513000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1957644000 USD
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2238995000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
241008000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15502000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5342000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-83034000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45913000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-100862000 USD
us-gaap Net Income Loss
NetIncomeLoss
-93551000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
10614000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
16424000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
20370000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1100000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
2300000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
17147000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1300000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2400000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15109000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0488
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M0D
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
20100000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4700000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1800000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2900000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3600000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4500000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2600000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5632000 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
31430000 USD
CY2020Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
24788000 USD
CY2019Q3 us-gaap Other Assets
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9556000 USD
CY2020Q1 us-gaap Other Assets
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6239000 USD
CY2019Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
337000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
379000 USD
CY2020Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1786000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3126000 USD
CY2019Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
356329000 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
696707000 USD
CY2020Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
410568000 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
765235000 USD
CY2019Q3 us-gaap Other Liabilities
OtherLiabilities
109429000 USD
CY2020Q1 us-gaap Other Liabilities
OtherLiabilities
108336000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24004000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3327000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
400000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1886000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2661000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4088000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
4088000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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0 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11508000 USD
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Income Tax Refunds
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12000 USD
us-gaap Proceeds From Lines Of Credit
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225000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
345000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
278000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1854000 USD
us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
94000 USD
us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
136000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
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27421000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25820000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-5000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
144645000 USD
CY2018Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
151886000 USD
CY2019Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
144756000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
136565000 USD
CY2019Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
137010000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
134693000 USD
CY2019Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
18544000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
35867000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
22660000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
42329000 USD
CY2019Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
25803000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
50724000 USD
CY2020Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
22271000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
43827000 USD
us-gaap Repayments Of Debt
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5062000 USD
us-gaap Repayments Of Debt
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1150000 USD
us-gaap Repayments Of Lines Of Credit
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150000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
95000000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12197000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16053000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
18282000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-315552000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-302192000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
421260000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
823300000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
489413000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
907217000 USD
CY2019Q1 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
15998000 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
31735000 USD
CY2020Q1 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
18744000 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
34809000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4294000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3210000 USD
CY2018Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15331000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13432000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12585000 USD
CY2019Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13388000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12646000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12058000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2674000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2144000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4618000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-663000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-1968000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-1151000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-1084000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2490000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
34600000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3327000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3300000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3327000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
538754000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
644027000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
635109000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
529158000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
539280000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
547482000 USD
CY2019Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12470000 USD
CY2020Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
11867000 USD
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30714000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31263000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29975000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30078000 shares
CY2020Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2707000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4372000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
2058000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
271000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
278000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
31000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
204000 USD
CY2019Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
35000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
1886000 USD
CY2020Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
15000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
2661000 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
12000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2200000 shares
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
362000 shares
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7505000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
24000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
24004000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30714000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31263000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29868000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29808000 shares
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 condensed consolidated financial statements and accompanying notes. Accordingly, actual results could differ from these estimates.</font></div></div>

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