2020 Form 10-K Financial Statement

#000140658720000087 Filed on November 19, 2020

View on sec.gov

Income Statement

Concept 2020 2019 Q3 2019 Q2
Revenue $931.8M $236.3M $88.20M
YoY Change 117.56% 633.85% 273.73%
Cost Of Revenue $813.7M $213.1M $75.30M
YoY Change 124.35% 810.68% 653.0%
Gross Profit $118.1M $23.20M $12.90M
YoY Change 80.03% 163.64% -5.15%
Gross Profit Margin 12.67% 9.82% 14.63%
Selling, General & Admin $45.70M $9.100M $7.900M
YoY Change 58.13% 102.22% 21.54%
% of Gross Profit 38.7% 39.22% 61.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.900M $1.900M $1.800M
YoY Change -26.87% 46.15% 38.46%
% of Gross Profit 4.15% 8.19% 13.95%
Operating Expenses $45.70M $9.100M $7.900M
YoY Change 58.13% 24.66% 21.54%
Operating Profit $72.40M $14.10M $5.000M
YoY Change 97.28% 840.0% -40.57%
Interest Expense $0.00 $1.400M $0.00
YoY Change -68.18% -100.0%
% of Operating Profit 0.0% 9.93% 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $78.10M $16.00M $8.400M
YoY Change 70.9% -45.95% -19.23%
Income Tax $16.40M $3.400M $1.500M
% Of Pretax Income 21.0% 21.25% 17.86%
Net Earnings $60.80M $12.70M $6.900M
YoY Change 84.24% -76.87% -26.6%
Net Earnings / Revenue 6.53% 5.37% 7.82%
Basic Earnings Per Share $1.26 $0.30 $0.16
Diluted Earnings Per Share $1.26 $0.30 $0.16
COMMON SHARES
Basic Shares Outstanding 48.04M shares 41.96M shares 41.96M shares
Diluted Shares Outstanding 48.09M shares 42.01M shares

Balance Sheet

Concept 2020 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $394.3M $382.8M $223.0M
YoY Change 3.0% 20.08% -39.37%
Cash & Equivalents $394.3M $382.8M $223.2M
Short-Term Investments
Other Short-Term Assets $4.900M $3.400M $4.000M
YoY Change 44.12% 9.68% 29.03%
Inventory
Prepaid Expenses
Receivables $400.0K $1.100M $1.400M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $399.6M $387.3M $228.4M
YoY Change 3.18% 20.32% -38.44%
LONG-TERM ASSETS
Property, Plant & Equipment $1.314B $2.400M $2.400M
YoY Change 27.45% 41.18% 33.93%
Goodwill
YoY Change
Intangibles $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Investments $3.600M $7.300M $7.300M
YoY Change -50.68% -37.61% -59.37%
Other Assets $0.00 $17.40M $21.20M
YoY Change -100.0% -59.53% -50.35%
Total Long-Term Assets $1.340B $1.068B $1.097B
YoY Change 25.45% 87.04% 149.35%
TOTAL ASSETS
Total Short-Term Assets $399.6M $387.3M $228.4M
Total Long-Term Assets $1.340B $1.068B $1.097B
Total Assets $1.740B $1.456B $1.325B
YoY Change 19.52% 62.99% 63.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.20M $16.80M $18.80M
YoY Change 73.81% 112.66% 347.62%
Accrued Expenses $73.30M $65.00M $45.20M
YoY Change 12.77% 80.56% 115.24%
Deferred Revenue $2.500M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $201.3M $171.7M $148.8M
YoY Change 17.24% 84.03% 122.75%
LONG-TERM LIABILITIES
Long-Term Debt $641.1M $460.5M $458.9M
YoY Change 39.22% 312.26% 315.29%
Other Long-Term Liabilities $20.00M $5.300M $12.80M
YoY Change 277.36% -60.74% -3.76%
Total Long-Term Liabilities $661.1M $465.8M $471.7M
YoY Change 41.93% 272.04% 281.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $201.3M $171.7M $148.8M
Total Long-Term Liabilities $661.1M $465.8M $471.7M
Total Liabilities $869.0M $646.8M $629.9M
YoY Change 34.23% 195.88% 230.36%
SHAREHOLDERS EQUITY
Retained Earnings $158.1M $145.4M
YoY Change 26.38% 106.97%
Common Stock $650.2M $549.3M
YoY Change 18.61% 0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $870.9M $808.3M $694.7M
YoY Change
Total Liabilities & Shareholders Equity $1.740B $1.456B $1.325B
YoY Change 19.52% 62.99% 63.43%

Cashflow Statement

Concept 2020 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $60.80M $12.70M $6.900M
YoY Change 84.24% -76.87% -26.6%
Depreciation, Depletion And Amortization $4.900M $1.900M $1.800M
YoY Change -26.87% 46.15% 38.46%
Cash From Operating Activities -$168.4M $58.90M -$166.6M
YoY Change -56.95% -158.43% 144.28%
INVESTING ACTIVITIES
Capital Expenditures $600.0K $0.00 -$100.0K
YoY Change -33.33%
Acquisitions
YoY Change
Other Investing Activities $5.600M $0.00 $0.00
YoY Change 5500.0% -100.0% -100.0%
Cash From Investing Activities $5.000M $0.00 -$100.0K
YoY Change -725.0% -100.0% -133.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $174.9M 100.7M 307.8M
YoY Change -60.23% 388.83% -44071.43%
NET CHANGE
Cash From Operating Activities -$168.4M 58.90M -166.6M
Cash From Investing Activities $5.000M 0.000 -100.0K
Cash From Financing Activities $174.9M 100.7M 307.8M
Net Change In Cash $11.50M 159.6M 141.1M
YoY Change -75.94% -417.93% -305.69%
FREE CASH FLOW
Cash From Operating Activities -$168.4M $58.90M -$166.6M
Capital Expenditures $600.0K $0.00 -$100.0K
Free Cash Flow -$169.0M $58.90M -$166.5M
YoY Change -56.9% -158.43% 144.13%

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CY2019 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1200000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2300000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
168400000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-391200000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-283000000.0 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
600000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
100000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
4300000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
100000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
800000 USD
CY2020 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
1300000 USD
CY2019 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
0 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
258300000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5000000.0 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-800000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
259000000.0 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100700000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
300000000.0 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
435000000.0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
200000 USD
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
118900000 USD
CY2019 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
85000000.0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
500000 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5300000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6900000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2300000 USD
CY2019 us-gaap Depreciation
Depreciation
300000 USD
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
600000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3900000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1400000 USD
CY2020 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
300000 USD
CY2019 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
100000 USD
us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
0 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
174900000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
439800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4000000.0 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11500000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
47800000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28000000.0 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
382800000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
335000000.0 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
363000000.0 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
394300000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
382800000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
335000000.0 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
0 USD
us-gaap Interest Paid Net
InterestPaidNet
900000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-3100000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1700000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-3400000 USD
CY2020 us-gaap Fiscal Period
FiscalPeriod
<div style="text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Change in Fiscal Year</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the merger with D.R. Horton, the Company changed its fiscal year-end from December 31 to September 30, effective January 1, 2018. This change aligned Forestar's fiscal year-end reporting calendar with D.R. Horton. The Company's results of operations, cash flows and all transactions impacting stockholders' equity presented in this Form 10-K are for the fiscal years ended September 30, 2020 and 2019 and for the nine months ended September 30, 2018 unless otherwise noted. This Form 10-K also includes an unaudited statement of operations for the comparable stub period of January 1, 2017 to September 30, 2017. See Note 17.</span></div>
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</span></div>
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2700000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2900000 USD
CY2020 us-gaap Depreciation
Depreciation
300000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2300000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4300000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1200000 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1900000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1100000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2400000 USD
us-gaap Depreciation
Depreciation
200000 USD
us-gaap Revenues
Revenues
78300000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
49500000 USD
CY2020 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Pending Accounting Standards</span></div><div style="text-indent:24.75pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses,” which replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information in determining credit loss estimates. The guidance is effective for the Company beginning October 1, 2020 and is not expected to have a material impact on its consolidated financial position, results of operations or cash flows.</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued ASU 2019-12 related to simplifying the accounting for income taxes. The guidance is effective for the Company beginning October 1, 2021, although early adoption is permitted. The Company is currently evaluating the impact of this guidance, and it is not expected to have a material impact on its consolidated financial position, results of operations or cash flows.</span></div><div style="text-indent:22.5pt"><span><br/></span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform,” which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (LIBOR) or by another reference rate expected to be discontinued. The guidance was effective beginning March 12, 2020 and can be applied prospectively through December 31, 2022. The Company will adopt this standard when LIBOR is discontinued and does not expect it to have a material impact on its consolidated financial statements and related disclosures.</span></div>
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19400000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4800000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
27800000 USD
us-gaap Interest Expense
InterestExpense
3700000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
6400000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
44700000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1200000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
43500000 USD
CY2020Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1309700000 USD
CY2019Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1028900000 USD
CY2020 us-gaap Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
550800000 USD
CY2020 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
503000000.0 USD
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
800000 USD
us-gaap Inventory Write Down
InventoryWriteDown
300000 USD
CY2020 for Due Diligence Write Offs
DueDiligenceWriteOffs
900000 USD
CY2019 for Due Diligence Write Offs
DueDiligenceWriteOffs
200000 USD
CY2020 us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
400000 USD
CY2019 us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
2300000 USD
us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
700000 USD
CY2020 us-gaap Revenues
Revenues
931800000 USD
CY2019 us-gaap Revenues
Revenues
428300000 USD
us-gaap Revenues
Revenues
78300000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
23700000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
3200000 USD
CY2017Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
500000 USD
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
43300000 USD
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
25300000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
7300000 USD
CY2020 us-gaap Interest Expense
InterestExpense
0 USD
CY2019 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
3700000 USD
CY2020 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
18300000 USD
CY2019 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
4800000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
900000 USD
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
48700000 USD
CY2019Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
23700000 USD
CY2018Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
3200000 USD
CY2020Q3 for Numberof Equity Method Investments
NumberofEquityMethodInvestments
4 venture
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
3600000 USD
CY2019Q3 us-gaap Equity Method Investments
EquityMethodInvestments
7300000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
700000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
500000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4800000 USD
CY2020Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
400000 USD
CY2019Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
1100000 USD
CY2020Q3 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
4800000 USD
CY2019Q3 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
0 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3600000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2020Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4900000 USD
CY2019Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3400000 USD
CY2020Q3 us-gaap Deposits Assets
DepositsAssets
5500000 USD
CY2019Q3 us-gaap Deposits Assets
DepositsAssets
5100000 USD
CY2020Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
5700000 USD
CY2019Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
4100000 USD
CY2020Q3 us-gaap Other Assets
OtherAssets
24900000 USD
CY2019Q3 us-gaap Other Assets
OtherAssets
13700000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
6200000 USD
CY2019Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
5600000 USD
CY2020Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
3800000 USD
CY2019Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
2100000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3800000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2020Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14000000.0 USD
CY2019Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
13500000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
200000 USD
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2500000 USD
CY2020Q3 us-gaap Deferred Revenue
DeferredRevenue
9300000 USD
CY2019Q3 us-gaap Deferred Revenue
DeferredRevenue
9300000 USD
CY2020Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
500000 USD
CY2019Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
0 USD
CY2020Q3 for Accrued Development Costs
AccruedDevelopmentCosts
35300000 USD
CY2019Q3 for Accrued Development Costs
AccruedDevelopmentCosts
35400000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
10200000 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
8400000 USD
CY2020Q3 us-gaap Other Liabilities
OtherLiabilities
10500000 USD
CY2019Q3 us-gaap Other Liabilities
OtherLiabilities
2800000 USD
CY2020Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
93800000 USD
CY2019Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
79600000 USD
CY2020Q3 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2019Q3 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
641100000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
460500000 USD
CY2020Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
380000000 USD
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
570000000 USD
CY2020Q3 for Letterof Credit Maximum Borrowing Capacity
LetterofCreditMaximumBorrowingCapacity
100000000 USD
CY2020Q3 for Letterof Credit Maximum Borrowing Capacity Percentageof Revolving Credit Commitment
LetterofCreditMaximumBorrowingCapacityPercentageofRevolvingCreditCommitment
0.50
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2020Q3 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
36000000.0 USD
CY2020Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
344000000.0 USD
CY2020Q2 for Debt Repurchase Program Authorized Amount
DebtRepurchaseProgramAuthorizedAmount
30000000 USD
CY2020Q3 for Debt Repurchase Program Authorized Amount
DebtRepurchaseProgramAuthorizedAmount
30000000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
394300000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
382800000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
60800000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
33000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
68800000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48037018 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41974429 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41938987 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
57093 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
30712 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
30069 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48094111 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42005141 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41969056 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.64
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-7600000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-300000 USD
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-500000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
900000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
300000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-6700000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-500000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
21200000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
9100000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-23500000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1900000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
300000 USD
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1300000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
23100000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9400000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-24800000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16400000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9400000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25300000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.04
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.81
CY2020 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.02
CY2019 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0
us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.01
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.01
us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.01
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
us-gaap Effective Income Tax Rate Continuing Operations
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-0.57
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IncomeTaxReconciliationOtherAdjustments
2300000 USD
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10500000 USD
CY2019Q3 us-gaap Deferred Tax Assets Inventory
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10200000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
1500000 USD
CY2019Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
1500000 USD
CY2020Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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1700000 USD
CY2019Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
15100000 USD
CY2020Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
0 USD
CY2019Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
600000 USD
CY2020Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
200000 USD
CY2019Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
200000 USD
CY2020Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13900000 USD
CY2019Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27600000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
200960 shares
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1500000 USD
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3300000 USD
CY2020Q3 us-gaap Deferred Tax Assets Net
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12400000 USD
CY2019Q3 us-gaap Deferred Tax Assets Net
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24300000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
18100000 USD
CY2019Q3 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
6400000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities Other
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0 USD
CY2019Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
500000 USD
CY2020Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
18100000 USD
CY2019Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
6900000 USD
CY2020Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5700000 USD
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17400000 USD
CY2020Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1500000 USD
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3300000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits
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1600000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
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1600000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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1100000 USD
CY2020 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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-1600000 USD
CY2019 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
500000 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1600000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
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1600000 USD
CY2020 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-1600000 USD
CY2020 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-1600000 USD
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2018Q3 for Equity Securities Registered Value
EquitySecuritiesRegisteredValue
500000000 USD
CY2020Q3 for Common Stock Availablefor Issuance Value Remaining
CommonStockAvailableforIssuanceValueRemaining
394300000 USD
CY2020Q3 for At The Market Equity Offering Program Common Stock Available For Issuance
AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance
100000000 USD
CY2020Q3 for At The Market Equity Offering Program Common Stock Available For Issuance
AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance
100000000 USD
CY2020Q3 for At The Market Equity Offering Program Common Stock Issued
AtTheMarketEquityOfferingProgramCommonStockIssued
0 shares
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
19.68
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
86500 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
18.09
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
85994 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
17.54
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
181325 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.11
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
149400 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.24
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
12000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.35
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
79432 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
19.58
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
23740 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
18.03
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
18.40
CY2020 for Numberof Lots Sold
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10373 Lot
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
16990 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
19.10
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
11200 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
18.39
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
10994 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
18.40
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
285863 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
17.47
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
200960 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
19.68
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
86500 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
18.09
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
1600000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
400000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3200000 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y7M6D
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
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36000000.0 USD
CY2020Q3 us-gaap Special Assessment Bond
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236900000 USD
CY2020 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1100000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 USD
us-gaap Lease And Rental Expense
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600000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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1200000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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900000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
900000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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700000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
300000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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0.0 USD
CY2020Q3 us-gaap Number Of Units In Real Estate Property
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60500 Lot
CY2019Q3 us-gaap Number Of Units In Real Estate Property
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38300 Lot
CY2019Q4 us-gaap Profit Loss
ProfitLoss
16800000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
10400000 USD
CY2019 for Numberof Lots Sold
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4132 Lot
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1024 Lot
CY2020Q3 us-gaap Due To Related Parties Current
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8400000 USD
CY2019Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2200000 USD
CY2019Q4 us-gaap Revenues
Revenues
247200000 USD
CY2020Q1 us-gaap Revenues
Revenues
159100000 USD
CY2020Q2 us-gaap Revenues
Revenues
177900000 USD
CY2020Q3 us-gaap Revenues
Revenues
347600000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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22200000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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13700000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10300000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
32000000.0 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5400000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3300000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7500000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
10100000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
24500000 USD
CY2019Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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800000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
16900000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
9600000 USD
CY2020Q2 us-gaap Net Income Loss
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10100000 USD
CY2020Q3 us-gaap Net Income Loss
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24200000 USD
CY2019Q4 us-gaap Earnings Per Share Basic
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0.35
CY2020Q1 us-gaap Earnings Per Share Basic
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0.20
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2018Q4 us-gaap Revenues
Revenues
38500000 USD
CY2019Q1 us-gaap Revenues
Revenues
65300000 USD
CY2019Q2 us-gaap Revenues
Revenues
88200000 USD
CY2019Q3 us-gaap Revenues
Revenues
236300000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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4900000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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16400000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8400000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16000000.0 USD
CY2018Q4 us-gaap Income Tax Expense Benefit
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1000000.0 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3600000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1500000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3400000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
3900000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
12800000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
6900000 USD
CY2019Q3 us-gaap Profit Loss
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12600000 USD
CY2018Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
600000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2700000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-100000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
3300000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
10100000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
6900000 USD
CY2019Q3 us-gaap Net Income Loss
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12700000 USD
CY2018Q4 us-gaap Earnings Per Share Basic
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0.08
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Revenues
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78300000 USD
us-gaap Revenues
Revenues
83500000 USD
us-gaap Cost Of Goods And Services Sold
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49500000 USD
us-gaap Cost Of Goods And Services Sold
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90100000 USD
us-gaap Selling General And Administrative Expense
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19400000 USD
us-gaap Selling General And Administrative Expense
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51200000 USD
us-gaap Income Loss From Equity Method Investments
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4800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10900000 USD
us-gaap Gain Loss On Disposition Of Assets1
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27800000 USD
us-gaap Gain Loss On Disposition Of Assets1
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113400000 USD
us-gaap Interest Expense
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3700000 USD
us-gaap Interest Expense
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6400000 USD
us-gaap Other Nonoperating Income
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6400000 USD
us-gaap Other Nonoperating Income
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2400000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
44700000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
62500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33400000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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70000000.0 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
29100000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
38800000 USD
us-gaap Profit Loss
ProfitLoss
70000000.0 USD
us-gaap Profit Loss
ProfitLoss
67900000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 USD
us-gaap Net Income Loss
NetIncomeLoss
68800000 USD
us-gaap Net Income Loss
NetIncomeLoss
67800000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42500000 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.64
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.69
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.92
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.64
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.68
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59

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