2024 Q3 Form 10-Q Financial Statement
#000140658724000085 Filed on July 22, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $551.4M | $318.4M |
YoY Change | 0.29% | -13.69% |
Cost Of Revenue | $419.5M | $246.9M |
YoY Change | -3.36% | -13.03% |
Gross Profit | $131.9M | $71.50M |
YoY Change | 14.0% | -15.88% |
Gross Profit Margin | 23.92% | 22.46% |
Selling, General & Admin | $32.00M | $29.30M |
YoY Change | 21.21% | 10.98% |
% of Gross Profit | 24.26% | 40.98% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $700.0K | $900.0K |
YoY Change | 0.0% | 12.5% |
% of Gross Profit | 0.53% | 1.26% |
Operating Expenses | $32.00M | $29.30M |
YoY Change | 21.21% | 10.98% |
Operating Profit | $99.90M | $42.20M |
YoY Change | 11.87% | -27.99% |
Interest Expense | $4.100M | $4.400M |
YoY Change | -32.79% | 15.79% |
% of Operating Profit | 4.1% | 10.43% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $108.5M | $51.60M |
YoY Change | 13.73% | -17.31% |
Income Tax | $26.90M | $12.90M |
% Of Pretax Income | 24.79% | 25.0% |
Net Earnings | $81.60M | $38.70M |
YoY Change | 12.71% | -17.31% |
Net Earnings / Revenue | 14.8% | 12.15% |
Basic Earnings Per Share | $0.76 | |
Diluted Earnings Per Share | $1.60 | $0.76 |
COMMON SHARES | ||
Basic Shares Outstanding | 50.65M shares | 50.60M shares |
Diluted Shares Outstanding | 51.06M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $481.2M | $359.2M |
YoY Change | -21.88% | -10.42% |
Cash & Equivalents | $481.2M | $359.2M |
Short-Term Investments | ||
Other Short-Term Assets | $13.20M | $13.00M |
YoY Change | -15.92% | -28.57% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $37.30M | $33.00M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $481.2M | $359.2M |
YoY Change | -26.8% | -19.06% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $2.273B | $6.500M |
YoY Change | 38430.51% | -99.66% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $300.0K | $300.0K |
YoY Change | -40.0% | -40.0% |
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $2.359B | $2.316B |
YoY Change | 30.09% | 19.89% |
TOTAL ASSETS | ||
Total Short-Term Assets | $481.2M | $359.2M |
Total Long-Term Assets | $2.359B | $2.316B |
Total Assets | $2.840B | $2.675B |
YoY Change | 14.95% | 12.61% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $85.90M | $70.90M |
YoY Change | 25.58% | 3.35% |
Accrued Expenses | $212.9M | $168.5M |
YoY Change | 48.78% | 39.83% |
Deferred Revenue | $2.700M | $5.500M |
YoY Change | -73.0% | -26.67% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $471.1M | $403.2M |
YoY Change | 39.67% | 24.98% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $706.4M | $706.1M |
YoY Change | 1.64% | -0.16% |
Other Long-Term Liabilities | $12.50M | $13.10M |
YoY Change | -29.78% | -12.67% |
Total Long-Term Liabilities | $706.4M | $706.1M |
YoY Change | -0.9% | -2.23% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $471.1M | $403.2M |
Total Long-Term Liabilities | $706.4M | $706.1M |
Total Liabilities | $1.246B | $1.162B |
YoY Change | 13.19% | 7.61% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $878.2M | $796.7M |
YoY Change | 30.14% | 32.25% |
Common Stock | $715.9M | $715.2M |
YoY Change | 3.14% | 3.19% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.594B | $1.512B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.840B | $2.675B |
YoY Change | 14.95% | 12.61% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $81.60M | $38.70M |
YoY Change | 12.71% | -17.31% |
Depreciation, Depletion And Amortization | $700.0K | $900.0K |
YoY Change | 0.0% | 12.5% |
Cash From Operating Activities | $119.2M | -$61.70M |
YoY Change | -47.7% | -153.7% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $800.0K | $600.0K |
YoY Change | 60.0% | 20.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $4.400M | $5.100M |
YoY Change | ||
Cash From Investing Activities | $3.600M | $4.500M |
YoY Change | -820.0% | -1000.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -800.0K | 200.0K |
YoY Change | -93.55% | -300.0% |
NET CHANGE | ||
Cash From Operating Activities | 119.2M | -61.70M |
Cash From Investing Activities | 3.600M | 4.500M |
Cash From Financing Activities | -800.0K | 200.0K |
Net Change In Cash | 122.0M | -57.00M |
YoY Change | -43.26% | -149.87% |
FREE CASH FLOW | ||
Cash From Operating Activities | $119.2M | -$61.70M |
Capital Expenditures | $800.0K | $600.0K |
Free Cash Flow | $118.4M | -$62.30M |
YoY Change | -47.93% | -154.46% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Current Fiscal Year End Date
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|
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2024 | ||
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Q3 | ||
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2024-06-30 | ||
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FORESTAR GROUP INC. | ||
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DE | ||
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Suite 790 | ||
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2221 E. Lamar Blvd. | ||
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Entity Address City Or Town
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Arlington | ||
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TX | ||
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Security12b Title
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|
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CY2022Q4 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
100000 | usd |
CY2022Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
600000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1220600000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
26900000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
100000 | usd |
CY2023Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
700000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1900000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1248800000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
46800000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
900000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1296500000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
121800000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
94500000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2300000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2300000 | usd | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-2100000 | usd | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
2800000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4100000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3400000 | usd | |
us-gaap |
Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
|
1000000.0 | usd | |
us-gaap |
Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
|
23600000 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
5000000.0 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
1600000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
439400000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-87700000 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
12600000 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
6700000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2700000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-19600000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
8400000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-31200000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
42400000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-13400000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-277600000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
136200000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1400000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
800000 | usd | |
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
|
0 | usd | |
us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
5000000.0 | usd | |
us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
1600000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3700000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
800000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
19700000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2600000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
800000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
17100000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-800000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-256800000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
136200000 | usd | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
616000000.0 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
264800000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
359200000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
401000000.0 | usd |
us-gaap |
Notes Issued1
NotesIssued1
|
9900000 | usd | |
us-gaap |
Notes Issued1
NotesIssued1
|
0 | usd | |
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><div style="text-indent:22.5pt"><span><br/></span></div><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%">Seasonality</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%">Although the growth of our business and significant changes in market conditions have impacted our seasonal patterns in the past and could do so again in the future, we generally deliver more lots and generate greater revenues and pre-tax income in the fourth quarter of our fiscal year. As a result of seasonal activity, our quarterly results of operations and financial position at the end of a particular fiscal quarter are not necessarily representative of the balance of our fiscal year.</span></div> | ||
CY2024Q2 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
2238700000 | usd |
CY2023Q3 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
1790300000 | usd |
us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
441400000 | usd | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
730200000 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd | |
CY2024Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
19400000 | usd | |
CY2024Q2 | us-gaap |
Loss On Contract Termination
LossOnContractTermination
|
700000 | usd |
us-gaap |
Loss On Contract Termination
LossOnContractTermination
|
1000000.0 | usd | |
CY2023Q2 | us-gaap |
Loss On Contract Termination
LossOnContractTermination
|
900000 | usd |
us-gaap |
Loss On Contract Termination
LossOnContractTermination
|
4200000 | usd | |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
305800000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
334800000 | usd |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
935900000 | usd | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
794300000 | usd | |
CY2024Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
500000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
10300000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
3500000 | usd | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
24600000 | usd | |
CY2024Q2 | us-gaap |
Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
|
12100000 | usd |
CY2023Q2 | us-gaap |
Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
|
23800000 | usd |
us-gaap |
Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
|
18600000 | usd | |
us-gaap |
Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
|
68200000 | usd | |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
318400000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
368900000 | usd |
us-gaap |
Revenues
Revenues
|
958000000.0 | usd | |
us-gaap |
Revenues
Revenues
|
887100000 | usd | |
CY2024Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
500000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
3500000 | usd | |
CY2023Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
10300000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
24600000 | usd | |
CY2024Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
62100000 | usd |
CY2023Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
58800000 | usd |
CY2023Q3 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
58400000 | usd |
CY2022Q3 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
52500000 | usd |
CY2024Q2 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
8200000 | usd |
CY2023Q2 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
8200000 | usd |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
24500000 | usd | |
us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
24600000 | usd | |
CY2024Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
5800000 | usd |
CY2023Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
6500000 | usd |
us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
18400000 | usd | |
us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
16600000 | usd | |
CY2024Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
64500000 | usd |
CY2023Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
60500000 | usd |
CY2024Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
64500000 | usd |
CY2023Q2 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
60500000 | usd |
CY2024Q2 | us-gaap |
Other Receivables
OtherReceivables
|
33000000.0 | usd |
CY2023Q3 | us-gaap |
Other Receivables
OtherReceivables
|
25700000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
8400000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
7600000 | usd |
CY2024Q2 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
13000000.0 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
15700000 | usd |
CY2024Q2 | us-gaap |
Deposits Assets
DepositsAssets
|
14200000 | usd |
CY2023Q3 | us-gaap |
Deposits Assets
DepositsAssets
|
7000000.0 | usd |
CY2024Q2 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
1700000 | usd |
CY2023Q3 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
2000000.0 | usd |
CY2024Q2 | us-gaap |
Other Assets
OtherAssets
|
70300000 | usd |
CY2023Q3 | us-gaap |
Other Assets
OtherAssets
|
58000000.0 | usd |
CY2024Q2 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
7600000 | usd |
CY2023Q3 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
11200000 | usd |
CY2024Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
6800000 | usd |
CY2023Q3 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
7900000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
9000000.0 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
8100000 | usd |
CY2024Q2 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
7100000 | usd |
CY2023Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
7000000.0 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
5500000 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
10000000.0 | usd |
CY2024Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
4100000 | usd |
CY2023Q3 | us-gaap |
Deferred Revenue
DeferredRevenue
|
4100000 | usd |
CY2024Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
9200000 | usd |
CY2023Q3 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
4400000 | usd |
CY2024Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
3200000 | usd |
CY2023Q3 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
4800000 | usd |
CY2024Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
3500000 | usd |
CY2023Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
3700000 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
56000000.0 | usd |
CY2023Q3 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
61200000 | usd |
CY2024Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | usd |
CY2023Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | usd |
CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
706100000 | usd |
CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
695000000.0 | usd |
CY2024Q2 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
410000000 | usd |
CY2024Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
600000000 | usd |
CY2024Q2 | for |
Letterof Credit Maximum Borrowing Capacity
LetterofCreditMaximumBorrowingCapacity
|
100000000 | usd |
CY2024Q2 | for |
Letterof Credit Maximum Borrowing Capacity Percentageof Revolving Credit Commitment
LetterofCreditMaximumBorrowingCapacityPercentageofRevolvingCreditCommitment
|
0.50 | |
CY2024Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | usd |
CY2024Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
24800000 | usd |
CY2024Q2 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
385200000 | usd |
CY2024Q2 | for |
Debt Repurchase Program Authorized Amount
DebtRepurchaseProgramAuthorizedAmount
|
30000000 | usd |
CY2024Q2 | for |
Debt Repurchase Program Authorized Amount
DebtRepurchaseProgramAuthorizedAmount
|
30000000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
38700000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
46800000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
121800000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
94500000 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50755276 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50056126 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50322916 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49963326 | shares | |
CY2024Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
299777 | shares |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
119668 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
391782 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
65125 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
51055053 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50175794 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50714698 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50028451 | shares | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.76 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.94 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.42 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.89 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.76 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.93 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.40 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.89 | ||
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
12900000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
39800000 | usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
15600000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
31700000 | usd | |
CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.250 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.246 | ||
CY2024Q2 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
52000000 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
800000 | usd |
CY2024Q2 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
52800000 | usd |
CY2023Q3 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
49800000 | usd |
CY2023Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
900000 | usd |
CY2023Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
50700000 | usd |
CY2024Q2 | for |
Equity Securities Registered Value
EquitySecuritiesRegisteredValue
|
750000000 | usd |
CY2021Q4 | for |
At The Market Equity Offering Program Common Stock Available For Issuance
AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance
|
300000000 | usd |
for |
At The Market Equity Offering Program Common Stock Issued
AtTheMarketEquityOfferingProgramCommonStockIssued
|
546174 | shares | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
19700000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
400000 | usd | |
CY2024Q2 | for |
Common Stock Availablefor Issuance Value Remaining
CommonStockAvailableforIssuanceValueRemaining
|
728100000 | usd |
CY2024Q2 | for |
At The Market Equity Offering Program Common Stock Available For Issuance
AtTheMarketEquityOfferingProgramCommonStockAvailableForIssuance
|
278100000 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
178034 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
37.94 | ||
CY2024Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1400000 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4100000 | usd | |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
900000 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3400000 | usd | |
CY2024Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
24800000 | usd |
CY2024Q2 | us-gaap |
Special Assessment Bond
SpecialAssessmentBond
|
727800000 | usd |
CY2024Q2 | us-gaap |
Deposits Assets
DepositsAssets
|
14200000 | usd |
CY2024Q2 | us-gaap |
Purchase Obligation
PurchaseObligation
|
861100000 | usd |
CY2024Q2 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
57900 | lot |
CY2023Q3 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
52400 | lot |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
359200000 | usd |
CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
706100000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
616000000.0 | usd |
CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
695000000.0 | usd |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false |