2018 Q4 Form 10-K Financial Statement

#000143774918022403 Filed on December 20, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $614.8M $456.7M $502.5M
YoY Change -14.81% -22.86% -14.23%
Cost Of Revenue $498.6M $374.8M $415.0M
YoY Change -17.09% -25.41% -16.62%
Gross Profit $116.2M $81.90M $87.50M
YoY Change -3.41% -8.59% -0.79%
Gross Profit Margin 18.9% 17.93% 17.41%
Selling, General & Admin $50.80M $53.90M $61.70M
YoY Change -30.32% -11.93% 0.33%
% of Gross Profit 43.72% 65.81% 70.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K $800.0K $700.0K
YoY Change -10.0% -27.27% -36.36%
% of Gross Profit 0.77% 0.98% 0.8%
Operating Expenses $51.20M $54.40M $62.20M
YoY Change -29.86% -10.97% 1.14%
Operating Profit $65.00M $27.50M $25.30M
YoY Change 37.42% -3.51% -5.24%
Interest Expense -$15.10M -$23.10M -$33.50M
YoY Change -56.86% -36.36% -2.05%
% of Operating Profit -23.23% -84.0% -132.41%
Other Income/Expense, Net
YoY Change
Pretax Income $48.12M $78.00K -$9.578M
YoY Change 291.04% -100.16% 24.41%
Income Tax $1.939M $1.104M $245.0K
% Of Pretax Income 4.03% 1415.38%
Net Earnings $46.18M -$1.026M -$9.823M
YoY Change 289.98% -99.7% 47.01%
Net Earnings / Revenue 7.51% -0.22% -1.95%
Basic Earnings Per Share $7.75 -$0.18 -$1.65
Diluted Earnings Per Share $7.34 -$0.18 -$1.65
COMMON SHARES
Basic Shares Outstanding 5.957M 5.947M 5.937M
Diluted Shares Outstanding 6.077M 5.947M 5.937M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $187.9M $221.9M $253.8M
YoY Change -59.48% -22.33% -9.62%
Cash & Equivalents $233.0M $221.9M $253.8M
Short-Term Investments
Other Short-Term Assets $39.20M $41.50M $40.50M
YoY Change 5.95% -4.6% -12.34%
Inventory $1.078B $1.109B $1.040B
Prepaid Expenses
Receivables $35.20M $37.90M $70.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.341B $1.410B $1.405B
YoY Change -14.54% -9.41% -10.76%
LONG-TERM ASSETS
Property, Plant & Equipment $20.29M $20.10M $19.90M
YoY Change -61.67% -61.64% -62.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $123.7M $104.8M $88.30M
YoY Change 7.47% -3.5% -17.24%
Other Assets $12.80M $25.30M $14.00M
YoY Change 509.52% 1165.0% 677.78%
Total Long-Term Assets $321.5M $258.2M $238.0M
YoY Change -3.24% -2.76% -57.48%
TOTAL ASSETS
Total Short-Term Assets $1.341B $1.410B $1.405B
Total Long-Term Assets $321.5M $258.2M $238.0M
Total Assets $1.662B $1.668B $1.642B
YoY Change -12.57% -8.44% -23.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $127.8M $131.0M $116.7M
YoY Change -0.78% -10.94% -17.18%
Accrued Expenses $68.10M $51.80M $41.10M
YoY Change 13.31% 0.78% -2.14%
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 $229.3M $223.1M $190.7M
YoY Change 1.96% -6.3% -14.56%
LONG-TERM LIABILITIES
Long-Term Debt $1.570B $1.652B $1.668B
YoY Change -10.63% -4.77% -1.96%
Other Long-Term Liabilities $315.9M $294.0M $283.7M
YoY Change -16.67% -8.33% -17.24%
Total Long-Term Liabilities $1.886B $1.946B $1.952B
YoY Change -11.7% -5.32% -4.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $229.3M $223.1M $190.7M
Total Long-Term Liabilities $1.886B $1.946B $1.952B
Total Liabilities $2.116B $2.169B $2.142B
YoY Change -10.41% -5.42% -5.51%
SHAREHOLDERS EQUITY
Retained Earnings -$1.184B -$1.230B -$1.229B
YoY Change -0.38% 2.48% 42.41%
Common Stock $710.3M $707.9M $707.5M
YoY Change 0.55% 0.05% -0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $115.4M $115.4M $115.4M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity -$453.5M -$500.6M -$500.0M
YoY Change
Total Liabilities & Shareholders Equity $1.662B $1.668B $1.642B
YoY Change -12.57% -8.44% -23.02%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $46.18M -$1.026M -$9.823M
YoY Change 289.98% -99.7% 47.01%
Depreciation, Depletion And Amortization $900.0K $800.0K $700.0K
YoY Change -10.0% -27.27% -36.36%
Cash From Operating Activities $29.80M -$26.60M $17.60M
YoY Change -80.91% -193.99% -80.72%
INVESTING ACTIVITIES
Capital Expenditures -$1.000M -$1.000M -$1.300M
YoY Change -33.33% 100.0% -66.67%
Acquisitions
YoY Change
Other Investing Activities -$1.800M -$5.600M $5.300M
YoY Change -68.42% 154.55% -1866.67%
Cash From Investing Activities -$2.800M -$6.600M $4.000M
YoY Change -60.56% 135.71% -193.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -64.70M 11.10M -30.20M
YoY Change -279.22% -154.15% 277.5%
NET CHANGE
Cash From Operating Activities 29.80M -26.60M 17.60M
Cash From Investing Activities -2.800M -6.600M 4.000M
Cash From Financing Activities -64.70M 11.10M -30.20M
Net Change In Cash -37.70M -22.10M -8.600M
YoY Change -120.37% -542.0% -110.89%
FREE CASH FLOW
Cash From Operating Activities $29.80M -$26.60M $17.60M
Capital Expenditures -$1.000M -$1.000M -$1.300M
Free Cash Flow $30.80M -$25.60M $18.90M
YoY Change -80.46% -188.89% -80.15%

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124028000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
89445000
CY2018Q4 us-gaap Cash Equivalents At Carrying Value
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199600000
CY2017Q4 us-gaap Cash Equivalents At Carrying Value
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CostsAndExpenses
1999584000
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CostsAndExpenses
2455008000
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CY2018 us-gaap Current Federal Tax Expense Benefit
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CY2017 us-gaap Current Federal Tax Expense Benefit
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CY2016 us-gaap Current Federal Tax Expense Benefit
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3626000
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1371000
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-1596000
CY2018 us-gaap Current State And Local Tax Expense Benefit
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3626000
CY2017 us-gaap Current State And Local Tax Expense Benefit
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1371000
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1154631000
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275688000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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14100000
CY2017Q4 us-gaap Deferred Finance Costs Net
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2017 us-gaap Deferred Income Tax Expense Benefit
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285578000
CY2016 us-gaap Deferred Income Tax Expense Benefit
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6851000
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CY2017Q4 us-gaap Deferred Income Tax Liabilities
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30465000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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9890000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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1257000
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3384000
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12028000
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1185000
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4420000
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334971000
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549862000
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191064000
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172307000
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14030000
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23366000
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60854000
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122584000
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4183000
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5766000
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4774000
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8763000
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30465000
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7000000
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6800000
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6600000
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3156000
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4249000
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3565000
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3156000
CY2017 us-gaap Depreciation Depletion And Amortization
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4249000
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3565000
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CY2018 us-gaap Earnings Per Share Basic
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0
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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EarningsPerShareDiluted
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2.157
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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-0.708
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-6.678
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.74
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2.222
CY2018 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
CY2016 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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-1.072
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.003
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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5100000
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y182D
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EquityMethodInvestmentDividendsOrDistributions
CY2017 us-gaap Equity Method Investment Dividends Or Distributions
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1864000
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166000
CY2016 us-gaap Gain Loss On Disposition Of Assets
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7646000
CY2018 us-gaap Impairment Of Real Estate
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2100000
CY2017 us-gaap Impairment Of Real Estate
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15100000
CY2016 us-gaap Impairment Of Real Estate
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24500000
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CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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48117000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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8146000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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78000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-9578000
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CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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12305000
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-7699000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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323000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2436000
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3626000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1939000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018Q2 us-gaap Income Tax Expense Benefit
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IncomeTaxExpenseBenefit
464000
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IncomeTaxExpenseBenefit
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CY2018 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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0
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-31394000
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1107000
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282000
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-3686000
CY2017 us-gaap Increase Decrease In Customer Deposits
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9412000
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58801000
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CY2016 us-gaap Increase Decrease In Inventories
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-1078649000
CY2016 us-gaap Increase Decrease In Mortgage Loans Held For Sale
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3271000
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2016 us-gaap Interest Paid
InterestPaid
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112016000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
89836000
CY2016 us-gaap Interest Paid Net
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101796000
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CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
41800000
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CY2017Q4 us-gaap Inventory Land Held For Sale
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123694000
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783257000
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75000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2017Q4 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
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3158000
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CY2018 us-gaap Nature Of Operations
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.</div> Business</div></div> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: left; text-indent: 45pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">HEI conducts all of its homebuilding and financial services operations through its subsidiaries (references herein to the &#x201c;Company&#x201d;, &#x201c;we&#x201d;, &#x201c;us&#x201d; or &#x201c;our&#x201d; refer to HEI and its consolidated subsidiaries and should be understood to reflect the consolidated business of HEI&#x2019;s subsidiaries). Our operations consist of homebuilding, financial services and corporate. Our homebuilding operations are made up of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">six</div> reportable segments defined as Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. Homebuilding operations comprise the substantial part of our business, representing approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">97%</div> of consolidated revenues for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 31, 2018, </div>approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">98%</div> for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 31, 2017 </div>and approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">97%</div> for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 31, 2016. </div>HEI is a Delaware corporation, which through its subsidiaries, was building and selling homes at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 31, 2018 </div>in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">123</div> consolidated new home communities in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. Our homebuilding subsidiaries offer a wide variety of homes that are designed to appeal to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div>-time buyers, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">second</div>-time move-up buyers, luxury buyers, active lifestyle buyers and empty nesters. Our financial services operations, which are a reportable segment, provide mortgage banking and title services to the homebuilding operations&#x2019; customers. Our financial services subsidiaries do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> typically retain or service the mortgages that they originate but rather sell the mortgages and related servicing rights to investors. Corporate primarily includes the operations of our corporate office whose primary purpose is to provide executive services, accounting, information services, human resources, management reporting, training, cash management, internal audit, risk management, and administration of process redesign, quality, and safety.</div> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: left; text-indent: 45pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">During fiscal <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> we exited the Minneapolis, Minnesota and Raleigh, North Carolina markets and in the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div> quarter of fiscal <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> we completed the sale of our portfolios in those markets. During fiscal <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> we completed a wind down of our operations in the San Francisco Bay area in Northern California and in Tampa, Florida.</div> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">See Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div> &#x201c;Operating and Reporting Segments&#x201d; for further disclosure of our reportable segments.</div></div>
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.85
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.73
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.25
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.34
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.95
CY2018 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
1.54
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
4793490
CY2018Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
6964326
CY2018 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
6.28
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2018Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
3.29
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y222D
CY2018Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
2.95
CY2018 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y160D
CY2017Q4 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
4600000
CY2018 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
2100000
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
30250
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
48250
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
-128084000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
-128510000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-460371000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-453504000
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
115360000
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
115360000
CY2018 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
159000
CY2017 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
CY2016 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
159000
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
159000
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1100000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1100000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1200000
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
300000
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
41000
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
45000
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
300000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
200000
CY2017 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
200000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
200000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
200000
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1200000
CY2017Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1100000
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt">Use of Estimates</div> - The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that 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 from those estimates and these differences could have a significant impact on the financial statements.</div></div></div></div></div></div></div></div></div></div>
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
151929000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148669000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148435000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148028000
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160548000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147748000
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147558000
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147535000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
151786000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147703000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147451000
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148925000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148669000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148435000
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148028000
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147905000
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147748000
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147558000
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147535000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148515000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147703000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147451000

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