2016 Q4 Form 10-Q Financial Statement

#000137367016000079 Filed on November 07, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $119.8M $91.67M $75.20M
YoY Change 40.12% 21.9% 51.38%
Cost Of Revenue $90.60M $71.00M $59.40M
YoY Change 24.62% 19.53% 71.18%
Gross Profit $29.20M $20.64M $14.39M
YoY Change 72.75% 43.49% -3.53%
Gross Profit Margin 24.37% 22.52% 19.13%
Selling, General & Admin $10.50M $4.130M $3.385M
YoY Change 84.21% 22.01% -27.03%
% of Gross Profit 35.96% 20.01% 23.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K $78.00K $531.0K
YoY Change -126.47% -85.31% 216.07%
% of Gross Profit 0.31% 0.38% 3.69%
Operating Expenses $10.40M $4.130M $3.385M
YoY Change 131.11% 22.01% -27.03%
Operating Profit $18.80M $11.26M $7.271M
YoY Change 51.57% 54.83% 14.25%
Interest Expense $0.00 $0.00
YoY Change -100.0%
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net $400.0K $564.0K $402.0K
YoY Change -76.47% 40.3%
Pretax Income $19.10M $11.82M $7.142M
YoY Change 91.0% 65.53% 17.8%
Income Tax $6.000M $3.657M $1.856M
% Of Pretax Income 31.41% 30.93% 25.99%
Net Earnings $7.676M $6.243M $2.826M
YoY Change 63.56% 120.91% -23.5%
Net Earnings / Revenue 6.41% 6.81% 3.76%
Basic Earnings Per Share $0.16 $0.13 $0.06
Diluted Earnings Per Share $0.16 $0.13 $0.06
COMMON SHARES
Basic Shares Outstanding 48.94M shares 48.90M shares 48.50M shares
Diluted Shares Outstanding 48.91M shares 48.60M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.20M $19.80M $14.40M
YoY Change 76.88% 37.5% 102.82%
Cash & Equivalents $35.16M $19.75M $15.61M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $410.3M $415.2M $318.0M
Prepaid Expenses
Receivables $2.400M $2.100M $700.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $447.9M $437.1M $333.1M
YoY Change 21.94% 31.22% 3694.28%
LONG-TERM ASSETS
Property, Plant & Equipment $892.0K $946.0K $1.922M
YoY Change 11.22% -50.78% 3668.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $72.00M $97.00M $85.70M
YoY Change -12.3% 13.19%
Total Long-Term Assets $93.08M $117.0M $107.0M
YoY Change -12.66% 9.33% 209762.75%
TOTAL ASSETS
Total Short-Term Assets $447.9M $437.1M $333.1M
Total Long-Term Assets $93.08M $117.0M $107.0M
Total Assets $541.0M $554.1M $440.1M
YoY Change 14.16% 25.9% 4884.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.10M $35.70M $14.30M
YoY Change 11.85% 149.65% 54900.0%
Accrued Expenses $14.30M $11.20M $7.800M
YoY Change 150.88% 43.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.50M $62.20M $30.50M
YoY Change 66.67% 103.93% 1369.17%
LONG-TERM LIABILITIES
Long-Term Debt $85.90M $91.20M $25.40M
YoY Change 48.87% 259.06%
Other Long-Term Liabilities $10.10M $12.00M $20.20M
YoY Change -44.51% -40.59% 861.9%
Total Long-Term Liabilities $96.00M $103.2M $45.60M
YoY Change 26.48% 126.32% 2071.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.50M $62.20M $30.50M
Total Long-Term Liabilities $96.00M $103.2M $45.60M
Total Liabilities $139.5M $165.4M $76.09M
YoY Change 36.74% 117.39% -1458.75%
SHAREHOLDERS EQUITY
Retained Earnings $110.9M $103.3M $80.55M
YoY Change 27.25% 28.19%
Common Stock $273.6M $273.3M $272.2M
YoY Change 0.47% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $384.6M $376.6M $352.8M
YoY Change
Total Liabilities & Shareholders Equity $541.0M $554.1M $440.1M
YoY Change 14.16% 25.9% 4901.48%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $7.676M $6.243M $2.826M
YoY Change 63.56% 120.91% -23.5%
Depreciation, Depletion And Amortization $90.00K $78.00K $531.0K
YoY Change -126.47% -85.31% 216.07%
Cash From Operating Activities -$1.130M $2.660M -$9.820M
YoY Change -95.28% -127.09% 20.05%
INVESTING ACTIVITIES
Capital Expenditures -$120.0K -$180.0K -$570.0K
YoY Change -117.39% -68.42% 67.65%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$120.0K -$180.0K -$570.0K
YoY Change -117.39% -68.42% -114.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.210M 16.45M 9.320M
YoY Change -120.1% 76.5% -272.27%
NET CHANGE
Cash From Operating Activities -1.130M 2.660M -9.820M
Cash From Investing Activities -120.0K -180.0K -570.0K
Cash From Financing Activities -6.210M 16.45M 9.320M
Net Change In Cash -7.460M 18.93M -1.070M
YoY Change -197.26% -1869.16% -88.93%
FREE CASH FLOW
Cash From Operating Activities -$1.130M $2.660M -$9.820M
Capital Expenditures -$120.0K -$180.0K -$570.0K
Free Cash Flow -$1.010M $2.840M -$9.250M
YoY Change -95.9% -130.7% 17.98%

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CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
6243000 USD
us-gaap Net Income Loss
NetIncomeLoss
16080000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2460000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7846000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1922000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5993000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
2826000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
10632000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
6243000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
16080000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
10158000 USD
CY2016Q3 us-gaap Notes Payable
NotesPayable
9713000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
7271000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
24840000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11336000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
29212000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
5819000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
4953000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
343000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
6423000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
9130000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
42460000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
63000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
87000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2921000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3206000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1425000 USD
us-gaap Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
2768000 USD
us-gaap Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
0 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
5286000 USD
us-gaap Profit Loss
ProfitLoss
18478000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
8165000 USD
us-gaap Profit Loss
ProfitLoss
22073000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
802000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
946000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
402000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1008000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
564000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2400000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
662000 USD
CY2014Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
3713000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
9854000 USD
CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
10355000 USD
CY2015Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
9085000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
8909000 USD
CY2016Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
9105000 USD
CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
1389000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
2315000 USD
CY2016Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
546000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
2247000 USD
CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
1890000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
9238000 USD
CY2016Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
742000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
2267000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
42561000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
29000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3898000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1870000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
150000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
94000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
24829000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
87177000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
103257000 USD
CY2015Q3 us-gaap Revenues
Revenues
75198000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
100000 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
us-gaap Revenues
Revenues
205637000 USD
CY2016Q3 us-gaap Revenues
Revenues
91670000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
8.73
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
7.51
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
89000 shares
us-gaap Revenues
Revenues
260564000 USD
CY2015Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
5062000 USD
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
14571000 USD
CY2016Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
6587000 USD
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
19506000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3385000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9700000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4334000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12792000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 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
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
103761 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
7.47
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
23000 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
38000 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
7.78
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
385000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
500000 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
500000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.49
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.49
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2015Q3 us-gaap Share Price
SharePrice
10.00
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
77000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y0M26D
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
400000 shares
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
400000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
0 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.00
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.88
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.88
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y0M26D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37125000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.00
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
491000 USD
CY2016Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1000000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
359532000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
376592000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
181597000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
365973000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
371855000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
388699000 USD
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
100000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
36000 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
8000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48595000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37161000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48907000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48871000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48495000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48899000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48868000 shares
us-gaap Reclassifications
Reclassifications
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning in the third quarter of 2015, model home furnishings were reclassified from property and equipment, net in the condensed consolidated balance sheet to inventory. Depreciation of model home furnishings for the three and </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> has been reclassified from depreciation and amortization expense in the accompanying condensed consolidated statements of income to cost of residential units to conform to the current period presentation.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash related to refundable customer deposits, which are not held in escrow, has been reclassified from restricted cash in the accompanying condensed consolidated balance sheets as of December 31, 2015 and the accompanying condensed consolidated statements of cash flows for the </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> to cash and cash equivalents to conform to the current period presentation.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, including the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>

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