$FOR
Forestar Group Inc.

2022 Q3 Form 10-Q Financial Statement

#000140658722000089 Filed on July 20, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q3
Revenue $381.4M $308.5M $418.7M
YoY Change -8.91% -1.41% 20.45%
Cost Of Revenue $292.2M $234.6M $342.8M
YoY Change -14.76% -8.75% 12.99%
Gross Profit $89.20M $73.90M $75.90M
YoY Change 17.52% 32.44% 72.11%
Gross Profit Margin 23.39% 23.95% 18.13%
Selling, General & Admin $23.70M $24.10M $19.70M
YoY Change 20.3% 42.6% 52.71%
% of Gross Profit 26.57% 32.61% 25.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $700.0K $700.0K $600.0K
YoY Change 16.67% 16.67% -14.29%
% of Gross Profit 0.78% 0.95% 0.79%
Operating Expenses $23.70M $24.10M $19.70M
YoY Change 20.3% 42.6% 52.71%
Operating Profit $65.50M $49.80M $56.20M
YoY Change 16.55% 28.02% 80.13%
Interest Expense $900.0K $200.0K $0.00
YoY Change -33.33% -100.0%
% of Operating Profit 1.37% 0.4% 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $66.40M $52.70M $58.80M
YoY Change 12.93% 149.76% 83.75%
Income Tax $15.60M $13.00M $14.70M
% Of Pretax Income 23.49% 24.67% 25.0%
Net Earnings $50.80M $39.70M $44.00M
YoY Change 15.45% 151.27% 81.82%
Net Earnings / Revenue 13.32% 12.87% 10.51%
Basic Earnings Per Share $0.80 $0.89
Diluted Earnings Per Share $1.020M $0.80 $0.89
COMMON SHARES
Basic Shares Outstanding 49.76M shares 49.88M shares 49.53M shares
Diluted Shares Outstanding 49.89M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $264.8M $146.3M $153.6M
YoY Change 72.4% 26.12% -61.04%
Cash & Equivalents $264.8M $146.3M $153.6M
Short-Term Investments
Other Short-Term Assets $18.90M $25.50M $15.40M
YoY Change 22.73% 127.68% 214.29%
Inventory
Prepaid Expenses
Receivables $11.40M $14.90M $400.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $295.1M $186.7M $169.4M
YoY Change 74.2% 46.2% -57.61%
LONG-TERM ASSETS
Property, Plant & Equipment $5.700M $5.500M $2.900M
YoY Change 96.55% 150.0% 163.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $500.0K $400.0K $900.0K
YoY Change -44.44% -42.86% -75.0%
Other Assets
YoY Change
Total Long-Term Assets $2.048B $2.081B $1.932B
YoY Change 5.98% 10.27% 44.17%
TOTAL ASSETS
Total Short-Term Assets $295.1M $186.7M $169.4M
Total Long-Term Assets $2.048B $2.081B $1.932B
Total Assets $2.343B $2.268B $2.102B
YoY Change 11.48% 12.55% 20.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.20M $63.80M $47.40M
YoY Change 52.32% 39.91% 62.33%
Accrued Expenses $163.0M $143.9M $140.5M
YoY Change 16.01% 25.02% 91.68%
Deferred Revenue $16.10M $17.00M $5.800M
YoY Change 177.59% 314.63% 2800.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $379.6M $366.6M $343.0M
YoY Change 10.67% 15.98% 70.39%
LONG-TERM LIABILITIES
Long-Term Debt $706.0M $705.6M $704.5M
YoY Change 0.21% 0.21% 9.89%
Other Long-Term Liabilities $21.20M $22.10M $13.90M
YoY Change 52.52% 51.37% -30.5%
Total Long-Term Liabilities $727.2M $727.7M $718.4M
YoY Change 1.22% 1.25% 8.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $379.6M $366.6M $343.0M
Total Long-Term Liabilities $727.2M $727.7M $718.4M
Total Liabilities $1.144B $1.120B $1.086B
YoY Change 5.33% 7.21% 25.08%
SHAREHOLDERS EQUITY
Retained Earnings $507.9M $457.1M $329.1M
YoY Change 54.33% 60.33% 50.34%
Common Stock $690.4M $689.8M $685.8M
YoY Change 0.67% 0.79% 5.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.198B $1.147B $1.015B
YoY Change
Total Liabilities & Shareholders Equity $2.343B $2.268B $2.102B
YoY Change 11.48% 12.55% 20.79%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q3
OPERATING ACTIVITIES
Net Income $50.80M $39.70M $44.00M
YoY Change 15.45% 151.27% 81.82%
Depreciation, Depletion And Amortization $700.0K $700.0K $600.0K
YoY Change 16.67% 16.67% -14.29%
Cash From Operating Activities $118.9M -$86.80M $37.50M
YoY Change 217.07% -4.72% 0.54%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$700.0K -$1.100M
YoY Change -72.73% 133.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K $400.0K
YoY Change -100.0% -78.95%
Cash From Investing Activities -$300.0K -$600.0K -$700.0K
YoY Change -57.14% 100.0% -136.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K 0.000 800.0K
YoY Change -112.5% -100.0% -260.0%
NET CHANGE
Cash From Operating Activities 118.9M -86.80M 37.50M
Cash From Investing Activities -300.0K -600.0K -700.0K
Cash From Financing Activities -100.0K 0.000 800.0K
Net Change In Cash 118.5M -87.40M 37.60M
YoY Change 215.16% 70.7% -2.84%
FREE CASH FLOW
Cash From Operating Activities $118.9M -$86.80M $37.50M
Capital Expenditures -$300.0K -$700.0K -$1.100M
Free Cash Flow $119.2M -$86.10M $38.60M
YoY Change 208.81% -5.18% 3.49%

Facts In Submission

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9300000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
100000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
800000 usd
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49527108 shares
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
970400000 usd
us-gaap Profit Loss
ProfitLoss
128000000.0 usd
us-gaap Profit Loss
ProfitLoss
128000000.0 usd
us-gaap Profit Loss
ProfitLoss
66400000 usd
us-gaap Profit Loss
ProfitLoss
66400000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2000000.0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2100000 usd
us-gaap Increase Decrease In Deferred Income Taxes
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-1200000 usd
us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1100000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
200000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2800000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2000000.0 usd
us-gaap Production Related Impairments Or Charges
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7000000.0 usd
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1600000 usd
us-gaap Gains Losses On Extinguishment Of Debt
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0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gain Loss On Disposition Of Assets1
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3200000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
170300000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
540700000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11700000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13400000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
29800000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
34500000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
6500000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
26300000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1200000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
51800000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
0 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-6300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10200000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3200000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
500000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1600000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2200000 usd
us-gaap Proceeds From Sales Of Assets Investing Activities
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3200000 usd
us-gaap Proceeds From Sales Of Assets Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1600000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1700000 usd
us-gaap Proceeds From Notes Payable
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0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
425000000.0 usd
us-gaap Repayments Of Debt
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0 usd
us-gaap Repayments Of Debt
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389000000.0 usd
us-gaap Payments Of Financing Costs
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0 usd
us-gaap Payments Of Financing Costs
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5000000.0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1700000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
32600000 usd
us-gaap Proceeds From Payments To Minority Shareholders
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0 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
100000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
400000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
500000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1300000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
60600000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
153600000 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
394300000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146300000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116000000.0 usd
us-gaap Notes Issued1
NotesIssued1
0 usd
us-gaap Notes Issued1
NotesIssued1
12500000 usd
us-gaap Use Of Estimates
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<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>
CY2022Q2 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Changes in Presentation and Reclassifications </span></div><div style="text-indent:9pt"><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 Company reclassified the change in accrued development costs from the change in accounts payable and other liabilities to the change in accrued development costs in the prior year statement of cash flows to conform to the current year presentation. This reclassification had no net effect on the Company's consolidated operating results, financial position or cash flows.</span></div>
us-gaap Contract With Customer Liability Revenue Recognized
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0 usd
CY2022Q2 us-gaap Inventory Real Estate Land And Land Development Costs
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2054300000 usd
CY2021Q3 us-gaap Inventory Real Estate Land And Land Development Costs
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1905200000 usd
us-gaap Payments To Acquire Residential Real Estate
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us-gaap Payments To Develop Real Estate Assets
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CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
3800000 usd
CY2021Q2 us-gaap Asset Impairment Charges
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0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2022Q2 for Due Diligence Write Offs
DueDiligenceWriteOffs
1000000 usd
for Due Diligence Write Offs
DueDiligenceWriteOffs
3200000 usd
CY2021Q2 for Due Diligence Write Offs
DueDiligenceWriteOffs
700000 usd
for Due Diligence Write Offs
DueDiligenceWriteOffs
1600000 usd
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7900000 usd
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
20400000 usd
CY2022Q2 us-gaap Other Revenue Expense From Real Estate Operations
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5500000 usd
CY2021Q2 us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
5500000 usd
us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
9100000 usd
us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
12600000 usd
CY2022Q2 us-gaap Revenues
Revenues
308500000 usd
CY2021Q2 us-gaap Revenues
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312900000 usd
us-gaap Revenues
Revenues
1137700000 usd
us-gaap Revenues
Revenues
907100000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
20400000 usd
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RealEstateInventoryCapitalizedInterestCostsCostOfSales1
8100000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
26700000 usd
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
25500000 usd
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
51700000 usd
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
56500000 usd
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
51700000 usd
CY2022Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
50600000 usd
CY2021Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
54300000 usd
CY2021Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
53700000 usd
CY2020Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
48700000 usd
CY2022Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
8300000 usd
CY2021Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
10300000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
24700000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
33300000 usd
CY2022Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
7200000 usd
CY2021Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
56500000 usd
CY2022Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
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CY2021Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
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CY2022Q2 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
14900000 usd
CY2021Q3 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7800000 usd
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6900000 usd
CY2022Q2 us-gaap Prepaid Expense Current And Noncurrent
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25500000 usd
CY2021Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
15400000 usd
CY2022Q2 us-gaap Deposits Assets
DepositsAssets
11200000 usd
CY2021Q3 us-gaap Deposits Assets
DepositsAssets
10400000 usd
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OtherAssetsMiscellaneous
1900000 usd
CY2021Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
5300000 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
61300000 usd
CY2021Q3 us-gaap Other Assets
OtherAssets
39100000 usd
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EmployeeRelatedLiabilitiesCurrentAndNoncurrent
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CY2021Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
7900000 usd
CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
4800000 usd
CY2021Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
3400000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
8400000 usd
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
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CY2021Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8500000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
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17000000.0 usd
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5800000 usd
CY2022Q2 us-gaap Deferred Revenue
DeferredRevenue
4100000 usd
CY2021Q3 us-gaap Deferred Revenue
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6800000 usd
CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
12500000 usd
CY2021Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
6800000 usd
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8900000 usd
CY2022Q2 us-gaap Other Liabilities
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1000000.0 usd
CY2021Q3 us-gaap Other Liabilities
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CY2022Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
67500000 usd
CY2021Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
56700000 usd
CY2022Q2 for Debt Repurchase Program Authorized Amount
DebtRepurchaseProgramAuthorizedAmount
30000000 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
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CY2021Q3 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
705600000 usd
CY2021Q3 us-gaap Long Term Debt
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704500000 usd
CY2022Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
410000000 usd
CY2022Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
600000000 usd
CY2022Q2 for Letterof Credit Maximum Borrowing Capacity
LetterofCreditMaximumBorrowingCapacity
100000000 usd
CY2022Q2 for Letterof Credit Maximum Borrowing Capacity Percentageof Revolving Credit Commitment
LetterofCreditMaximumBorrowingCapacityPercentageofRevolvingCreditCommitment
0.50
us-gaap Proceeds From Long Term Lines Of Credit
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0 usd
us-gaap Repayments Of Long Term Lines Of Credit
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0 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
56000000 usd
CY2022Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
354000000 usd
CY2020Q2 for Debt Repurchase Program Authorized Amount
DebtRepurchaseProgramAuthorizedAmount
30000000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
39700000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
39700000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
15800000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
15800000 usd
us-gaap Net Income Loss
NetIncomeLoss
128000000.0 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
128000000.0 usd
us-gaap Net Income Loss
NetIncomeLoss
66200000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
66200000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49879394 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49419594 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49794566 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48653676 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
14246 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
89485 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
40325 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
83623 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49893640 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49509079 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49834891 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48737299 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.57
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.36
us-gaap Share Based Compensation
ShareBasedCompensation
2800000 usd
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.36
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41400000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21500000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
CY2022Q2 for Deferred Income Tax Liabilities Net Of Deferred Income Tax Assets
DeferredIncomeTaxLiabilitiesNetOfDeferredIncomeTaxAssets
24500000 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1100000 usd
CY2022Q2 us-gaap Deferred Income Tax Liabilities Net
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25600000 usd
CY2021Q3 for Deferred Income Tax Liabilities Net Of Deferred Income Tax Assets
DeferredIncomeTaxLiabilitiesNetOfDeferredIncomeTaxAssets
23200000 usd
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1200000 usd
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
24400000 usd
CY2021Q4 for Equity Securities Registered Value
EquitySecuritiesRegisteredValue
750000000 usd
CY2021Q4 for At The Market Equity Offering Program Common Stock Available For Issuance
AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance
300000000 usd
CY2022Q2 for At The Market Equity Offering Program Common Stock Issued
AtTheMarketEquityOfferingProgramCommonStockIssued
0 shares
for At The Market Equity Offering Program Common Stock Issued
AtTheMarketEquityOfferingProgramCommonStockIssued
84547 shares
for At The Market Equity Offering Program Net Proceeds
AtTheMarketEquityOfferingProgramNetProceeds
1700000 usd
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
100000 usd
CY2022Q2 for Common Stock Availablefor Issuance Value Remaining
CommonStockAvailableforIssuanceValueRemaining
748200000 usd
CY2022Q2 for At The Market Equity Offering Program Common Stock Available For Issuance
AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance
298200000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
394786 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.76
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
800000 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
800000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
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56000000 usd
CY2022Q2 us-gaap Special Assessment Bond
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596600000 usd
CY2022Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
65300 lot
CY2021Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
64400 lot
CY2022Q2 for Numberof Lots Sold
NumberofLotsSold
3473 lot
CY2021Q2 for Numberof Lots Sold
NumberofLotsSold
3858 lot
for Numberof Lots Sold
NumberofLotsSold
13777 lot
for Numberof Lots Sold
NumberofLotsSold
11013 lot
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
146300000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
153600000 usd

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