2014 Q1 Form 10-Q Financial Statement

#000079526614000025 Filed on April 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $450.7M $405.2M
YoY Change 11.22% 59.19%
Cost Of Revenue $369.3M $343.3M
YoY Change 7.57% 48.1%
Gross Profit $80.56M $61.12M
YoY Change 31.81% 179.2%
Gross Profit Margin 17.88% 15.08%
Selling, General & Admin $61.27M $59.10M
YoY Change 3.68% 15.4%
% of Gross Profit 76.06% 96.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $500.0K $500.0K
YoY Change 0.0% 25.0%
% of Gross Profit 0.62% 0.82%
Operating Expenses $61.27M $59.10M
YoY Change 3.68% 15.4%
Operating Profit $17.72M $454.0K
YoY Change 3802.86% -101.46%
Interest Expense $11.28M $15.24M
YoY Change -26.01% -6.42%
% of Operating Profit 63.64% 3356.83%
Other Income/Expense, Net
YoY Change
Pretax Income $10.76M -$12.36M
YoY Change -187.09% -72.78%
Income Tax $200.0K $100.0K
% Of Pretax Income 1.86%
Net Earnings $10.56M -$12.46M
YoY Change -184.79% -72.8%
Net Earnings / Revenue 2.34% -3.07%
Basic Earnings Per Share $0.13 -$0.16
Diluted Earnings Per Share $0.12 -$0.16
COMMON SHARES
Basic Shares Outstanding 83.75M shares 79.40M shares
Diluted Shares Outstanding 93.95M shares 79.40M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $303.3M $624.0M
YoY Change -51.39% 105.13%
Cash & Equivalents $306.5M $625.6M
Short-Term Investments
Other Short-Term Assets $31.50M $6.300M
YoY Change 400.0% 12.5%
Inventory $2.635B $1.938B
Prepaid Expenses
Receivables $87.40M $65.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.057B $2.634B
YoY Change 16.08% 23.61%
LONG-TERM ASSETS
Property, Plant & Equipment $9.571M $7.887M
YoY Change 21.35% 1.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $70.00M $123.2M
YoY Change -43.19% -4.64%
Other Assets $42.10M $65.80M
YoY Change -36.02% -12.62%
Total Long-Term Assets $191.1M $266.9M
YoY Change -28.42% -3.11%
TOTAL ASSETS
Total Short-Term Assets $3.057B $2.634B
Total Long-Term Assets $191.1M $266.9M
Total Assets $3.248B $2.901B
YoY Change 11.98% 20.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $138.2M $108.3M
YoY Change 27.61% 33.87%
Accrued Expenses $359.7M $61.90M
YoY Change 481.1% -81.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $362.1M $170.2M
YoY Change 112.75% -50.51%
LONG-TERM LIABILITIES
Long-Term Debt $2.175B $1.964B
YoY Change 10.76% 23.71%
Other Long-Term Liabilities $26.40M $291.3M
YoY Change -90.94%
Total Long-Term Liabilities $2.202B $2.255B
YoY Change -2.37% 42.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $362.1M $170.2M
Total Long-Term Liabilities $2.202B $2.255B
Total Liabilities $2.702B $2.428B
YoY Change 11.3% 20.64%
SHAREHOLDERS EQUITY
Retained Earnings $490.4M $435.7M
YoY Change 12.53%
Common Stock $906.0M $898.5M
YoY Change 0.83%
Preferred Stock
YoY Change
Treasury Stock (at cost) $718.6M $718.0M
YoY Change 0.08%
Treasury Stock Shares
Shareholders Equity $546.3M $473.1M
YoY Change
Total Liabilities & Shareholders Equity $3.248B $2.901B
YoY Change 11.98% 20.55%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $10.56M -$12.46M
YoY Change -184.79% -72.8%
Depreciation, Depletion And Amortization $500.0K $500.0K
YoY Change 0.0% 25.0%
Cash From Operating Activities -$221.1M -$211.0M
YoY Change 4.75% 92.58%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M -$400.0K
YoY Change 300.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$300.0K
YoY Change -100.0% -104.62%
Cash From Investing Activities -$84.00K -$734.0K
YoY Change -88.56% -112.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$4.926M $311.6M
YoY Change -101.58% -4408.53%
NET CHANGE
Cash From Operating Activities -$221.1M -$211.0M
Cash From Investing Activities -$84.00K -$734.0K
Cash From Financing Activities -$4.926M $311.6M
Net Change In Cash -$226.1M $99.87M
YoY Change -326.37% -190.22%
FREE CASH FLOW
Cash From Operating Activities -$221.1M -$211.0M
Capital Expenditures -$1.600M -$400.0K
Free Cash Flow -$219.5M -$210.6M
YoY Change 4.19% 92.91%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements</font><font style="font-family:inherit;font-size:10pt;">. In July 2013, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update No. 2013-11, &#8220;Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force)&#8221; (&#8220;ASU 2013-11&#8221;), which states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The amendments in ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. We believe the adoption of this guidance will not have a material impact on our consolidated financial statements.</font></div></div>
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2089000 USD
CY2014Q1 us-gaap Participating Securities Distributed And Undistributed Earnings
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5000 USD
CY2013Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
430000 USD
CY2014Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1576000 USD
CY2014Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2013Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6878000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2094000 USD
CY2013Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
304000 USD
CY2014Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
8618000 USD
CY2014Q1 us-gaap Pledged Assets Not Separately Reported Real Estate
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101600000 USD
CY2013Q4 us-gaap Prepaid Expense Current And Noncurrent
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2716000 USD
CY2014Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
5370000 USD
CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">Certain amounts in the consolidated financial statements of prior years have been reclassified to conform to the 2014 presentation. </font></div></div>
CY2014Q1 us-gaap Proceeds From Income Tax Refunds
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20000 USD
CY2013Q1 us-gaap Proceeds From Income Tax Refunds
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58000 USD
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0 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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52000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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0 USD
CY2014Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2013Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2013Q1 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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CY2013Q1 us-gaap Proceeds From Repayments Of Secured Debt
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CY2014Q1 us-gaap Proceeds From Sale Of Equity Method Investments
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10110000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Equity Method Investments
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0 USD
CY2013Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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1674000 USD
CY2014Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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0 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
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CY2013Q4 us-gaap Property Plant And Equipment Net
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8460000 USD
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CY2013Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
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CY2014Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
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CY2013Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
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CY2014Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
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17485000 USD
CY2014Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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CY2013Q1 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
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42083000 USD
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CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
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490358000 USD
CY2014Q1 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
450000 USD
CY2013Q1 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
450000 USD
CY2014Q1 us-gaap Revenues
Revenues
450687000 USD
CY2013Q1 us-gaap Revenues
Revenues
405219000 USD
CY2013Q1 us-gaap Self Insurance Reserve
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91723000 USD
CY2013Q4 us-gaap Self Insurance Reserve
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CY2012Q4 us-gaap Self Insurance Reserve
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CY2014Q1 us-gaap Self Insurance Reserve
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CY2014Q1 us-gaap Selling General And Administrative Expense
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CY2013Q1 us-gaap Selling General And Administrative Expense
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CY2013Q1 us-gaap Share Based Compensation
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1013000 USD
CY2014Q1 us-gaap Share Based Compensation
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
22.24
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.11
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.11
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
38000000 USD
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P4Y11M0D
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P5Y3M0D
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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CY2014Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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CY2012Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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CY2013Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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CY2013Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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CY2014Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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CY2014Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3426000 USD
CY2013Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2766000 USD
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2013Q1 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
6325000 shares
CY2013Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
52000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
109811000 USD
CY2014Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
4000000 shares
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
376806000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
473135000 USD
CY2013Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
8131000 USD
CY2014Q1 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
6106000 USD
CY2013Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
18.25
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2014Q1 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
22000 USD
CY2013Q1 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
0 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
300000 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
300000 USD
CY2014Q1 us-gaap Use Of Estimates
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CY2013Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
700000 USD
CY2014Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4400000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79401000 shares
CY2014Q1 kbh Acquisition Costs Related To Land Option Contracts And Other Similar Contracts
AcquisitionCostsRelatedToLandOptionContractsAndOtherSimilarContracts
34700000 USD
CY2013Q4 kbh Acquisition Costs Related To Land Option Contracts And Other Similar Contracts
AcquisitionCostsRelatedToLandOptionContractsAndOtherSimilarContracts
31000000 USD
CY2014Q1 kbh Aggregate Carrying Value Of Inventory Impacted By Pretax Noncash Inventory Impairment Charges
AggregateCarryingValueOfInventoryImpactedByPretaxNoncashInventoryImpairmentCharges
284500000 USD
CY2013Q4 kbh Aggregate Carrying Value Of Inventory Impacted By Pretax Noncash Inventory Impairment Charges
AggregateCarryingValueOfInventoryImpactedByPretaxNoncashInventoryImpairmentCharges
293100000 USD
CY2014Q1 kbh Aggregate Purchase Price Associated With Land Option And Other Similar Contracts
AggregatePurchasePriceAssociatedWithLandOptionAndOtherSimilarContracts
1090566000 USD
CY2013Q4 kbh Aggregate Purchase Price Associated With Land Option And Other Similar Contracts
AggregatePurchasePriceAssociatedWithLandOptionAndOtherSimilarContracts
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CY2013Q4 kbh Cash Deposits On Land Option And Other Similar Contracts
CashDepositsOnLandOptionAndOtherSimilarContracts
41565000 USD
CY2014Q1 kbh Cash Deposits On Land Option And Other Similar Contracts
CashDepositsOnLandOptionAndOtherSimilarContracts
55634000 USD
CY2014Q1 kbh Deposits Under Land Option And Other Similar Contracts
DepositsUnderLandOptionAndOtherSimilarContracts
55700000 USD
CY2013Q4 kbh Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities
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CY2014Q1 kbh Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities
22843000 USD
CY2014Q1 kbh Equity Method Investment Summarized Financial Information Cash
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CY2013Q4 kbh Equity Method Investment Summarized Financial Information Cash
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CY2013Q4 kbh Equity Method Investment Summarized Financial Information Inventories
EquityMethodInvestmentSummarizedFinancialInformationInventories
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CY2014Q1 kbh Equity Method Investment Summarized Financial Information Inventories
EquityMethodInvestmentSummarizedFinancialInformationInventories
165133000 USD
CY2014Q1 kbh Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
149000 USD
CY2013Q4 kbh Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
1183000 USD
CY2013Q1 kbh Equity Method Investment Summarized Financial Information Other Income Expenses Net
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-855000 USD
CY2014Q1 kbh Equity Method Investment Summarized Financial Information Other Income Expenses Net
EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeExpensesNet
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CY2014Q1 kbh Equity Method Investment Summarized Financial Information Receivable
EquityMethodInvestmentSummarizedFinancialInformationReceivable
4619000 USD
CY2013Q4 kbh Equity Method Investment Summarized Financial Information Receivable
EquityMethodInvestmentSummarizedFinancialInformationReceivable
4902000 USD
CY2013Q1 kbh Equityin Net Income Lossof Subsidiaries
EquityinNetIncomeLossofSubsidiaries
0 USD
CY2014Q1 kbh Equityin Net Income Lossof Subsidiaries
EquityinNetIncomeLossofSubsidiaries
0 USD
CY2014Q1 kbh Expected Realization Period Of Inventory
ExpectedRealizationPeriodOfInventory
P5Y
CY2013Q1 kbh Expenses Associated With Self Insurance
ExpensesAssociatedWithSelfInsurance
1809000 USD
CY2014Q1 kbh Expenses Associated With Self Insurance
ExpensesAssociatedWithSelfInsurance
2616000 USD
CY2013Q1 kbh Increase Decrease In Consolidated Inventories Not Owned
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4842000 USD
CY2014Q1 kbh Increase Decrease In Consolidated Inventories Not Owned
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917000 USD
CY2014Q1 kbh Increase In Inventories And Accrued Expenses And Other Liabilities Due To Land Option And Other Similar Contracts
IncreaseInInventoriesAndAccruedExpensesAndOtherLiabilitiesDueToLandOptionAndOtherSimilarContracts
9800000 USD
CY2013Q4 kbh Increase In Inventories And Accrued Expenses And Other Liabilities Due To Land Option And Other Similar Contracts
IncreaseInInventoriesAndAccruedExpensesAndOtherLiabilitiesDueToLandOptionAndOtherSimilarContracts
8900000 USD
CY2013Q1 kbh Increasein Inventories Dueto Distributionof Land From Equity Method Investments
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0 USD
CY2013Q1 kbh Intercompany Interest
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0 USD
CY2014Q1 kbh Intercompany Interest
IntercompanyInterest
0 USD
CY2014Q1 kbh Intercompany Payables
IntercompanyPayables
0 USD
CY2013Q4 kbh Intercompany Payables
IntercompanyPayables
0 USD
CY2014Q1 kbh Intercompany Receivables
IntercompanyReceivables
0 USD
CY2013Q4 kbh Intercompany Receivables
IntercompanyReceivables
0 USD
CY2014Q1 kbh Intercompany Transactions
IntercompanyTransactions
0 USD
CY2013Q1 kbh Intercompany Transactions
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0 USD
CY2014Q1 kbh Interest Capitalized Net Of Amounts Paid
InterestCapitalizedNetOfAmountsPaid
-8133000 USD
CY2014Q1 dei Entity Registrant Name
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KB Home
CY2014Q1 kbh Inventoryrelatedliabilities
Inventoryrelatedliabilities
62748000 USD
CY2013Q4 kbh Inventoryrelatedliabilities
Inventoryrelatedliabilities
29517000 USD
CY2014Q1 kbh Land Option Contract Abandonment Charges
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433000 USD
CY2013Q1 kbh Land Option Contract Abandonment Charges
LandOptionContractAbandonmentCharges
0 USD
CY2014Q1 kbh Land Option Contract Abandonment Lots
LandOptionContractAbandonmentLots
650 lot
CY2014Q1 kbh Land Option Contract Abandonment Lots Associatedwith Projects Less Than100000
LandOptionContractAbandonmentLotsAssociatedwithProjectsLessThan100000
3380 lot
CY2014Q1 kbh Lineof Credit Facility Non Guarantor Subsidiary Threshold Percent
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0.10
CY2014Q1 kbh Lineof Credit Facility Significant Subsidiary Threshold Percent
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0.05
CY2013Q4 kbh Long Lived Assets Heldand Used Carrying Value
LongLivedAssetsHeldandUsedCarryingValue
1500000 USD
CY2014Q1 kbh Maximum Warranty On Electrical Heating Cooling Plumbing And Other Building Systems
MaximumWarrantyOnElectricalHeatingCoolingPlumbingAndOtherBuildingSystems
P5Y
CY2014Q1 kbh Minimum Warranty On Electrical Heating Cooling Plumbing And Other Building Systems
MinimumWarrantyOnElectricalHeatingCoolingPlumbingAndOtherBuildingSystems
P2Y
CY2014Q1 kbh Number Of Communities And Various Other Land Parcels Impacted By Pretax Noncash Inventory Impairment Charges
NumberOfCommunitiesAndVariousOtherLandParcelsImpactedByPretaxNoncashInventoryImpairmentCharges
39 property
CY2013Q4 kbh Number Of Communities And Various Other Land Parcels Impacted By Pretax Noncash Inventory Impairment Charges
NumberOfCommunitiesAndVariousOtherLandParcelsImpactedByPretaxNoncashInventoryImpairmentCharges
42 property
CY2014Q1 kbh Number Of Investments In Unconsolidated Joint Ventures
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7 joint_venture
CY2013Q4 kbh Number Of Investments In Unconsolidated Joint Ventures
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9 joint_venture
CY2013Q1 kbh Number Of Land Parcels Or Communities Evaluated For Recoverability
NumberOfLandParcelsOrCommunitiesEvaluatedForRecoverability
20 property
CY2014Q1 kbh Number Of Land Parcels Or Communities Evaluated For Recoverability
NumberOfLandParcelsOrCommunitiesEvaluatedForRecoverability
11 property
CY2014Q1 kbh Numberof Unconsolidated Joint Venture Lots Controlled Under Land Option Contracts
NumberofUnconsolidatedJointVentureLotsControlledUnderLandOptionContracts
673 lot
CY2013Q4 kbh Numberof Unconsolidated Joint Venture Lots Controlled Under Land Option Contracts
NumberofUnconsolidatedJointVentureLotsControlledUnderLandOptionContracts
5367 lot
CY2014Q1 kbh Outstanding Letters Of Credit In Lieu Of Cash Deposits Under Certain Land Option Or Other Similar Contracts
OutstandingLettersOfCreditInLieuOfCashDepositsUnderCertainLandOptionOrOtherSimilarContracts
100000 USD
CY2013Q4 kbh Outstanding Letters Of Credit In Lieu Of Cash Deposits Under Certain Land Option Or Other Similar Contracts
OutstandingLettersOfCreditInLieuOfCashDepositsUnderCertainLandOptionOrOtherSimilarContracts
100000 USD
CY2014Q1 kbh Ownership Share In Guarantor Subsidiaries
OwnershipShareInGuarantorSubsidiaries
1
CY2013Q1 kbh Payments Netof Recoveriesfor Self Insurance
PaymentsNetofRecoveriesforSelfInsurance
-3435000 USD
CY2014Q1 kbh Payments Netof Recoveriesfor Self Insurance
PaymentsNetofRecoveriesforSelfInsurance
-4414000 USD
CY2014Q1 kbh Paymentsfor Proceedsfrom Intercompany Transactions Investing Activities
PaymentsforProceedsfromIntercompanyTransactionsInvestingActivities
0 USD
CY2013Q1 kbh Paymentsfor Proceedsfrom Intercompany Transactions Investing Activities
PaymentsforProceedsfromIntercompanyTransactionsInvestingActivities
0 USD
CY2013Q4 kbh Performance Bonds
PerformanceBonds
410800000 USD
CY2014Q1 kbh Performance Bonds
PerformanceBonds
427000000 USD
CY2014Q1 kbh Remaining Useful Life Maximum
RemainingUsefulLifeMaximum
P10Y
CY2014Q1 kbh Remaining Useful Life Minimum
RemainingUsefulLifeMinimum
P1Y
CY2013Q4 kbh Self Insuranceand Other Litigation Liabilities
SelfInsuranceandOtherLitigationLiabilities
99612000 USD
CY2014Q1 kbh Self Insuranceand Other Litigation Liabilities
SelfInsuranceandOtherLitigationLiabilities
94939000 USD
CY2014Q1 kbh Structural Warranty Provided By Company
StructuralWarrantyProvidedByCompany
P10Y
CY2013Q1 kbh Title Services
TitleServices
649000 USD
CY2014Q1 kbh Title Services
TitleServices
708000 USD
CY2014Q1 kbh Undistributed Earnings Reallocatedto Participating Securities
UndistributedEarningsReallocatedtoParticipatingSecurities
20000 USD
CY2013Q1 kbh Undistributed Earnings Reallocatedto Participating Securities
UndistributedEarningsReallocatedtoParticipatingSecurities
0 USD
CY2014Q1 kbh Warranty For Other Components Of Home
WarrantyForOtherComponentsOfHome
P1Y
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--11-30
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-02-28
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000795266
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
83744528 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer

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