2016 Q2 Form 10-Q Financial Statement

#000079526616000141 Filed on July 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $811.1M $623.0M
YoY Change 30.19% 10.26%
Cost Of Revenue $688.7M $524.4M
YoY Change 31.33% 14.85%
Gross Profit $121.5M $97.63M
YoY Change 24.41% -9.26%
Gross Profit Margin 14.98% 15.67%
Selling, General & Admin $93.81M $78.53M
YoY Change 19.45% 9.77%
% of Gross Profit 77.23% 80.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K $800.0K
YoY Change 12.5% 60.0%
% of Gross Profit 0.74% 0.82%
Operating Expenses $93.81M $78.53M
YoY Change 19.45% 9.77%
Operating Profit $25.94M $17.86M
YoY Change 45.21% -47.91%
Interest Expense $1.970M $8.118M
YoY Change -75.73% -5.14%
% of Operating Profit 7.6% 45.45%
Other Income/Expense, Net
YoY Change
Pretax Income $24.80M $12.67M
YoY Change 95.67% -52.93%
Income Tax $9.200M $3.100M
% Of Pretax Income 37.1% 24.46%
Net Earnings $15.60M $9.573M
YoY Change 62.93% -64.04%
Net Earnings / Revenue 1.92% 1.54%
Basic Earnings Per Share $0.18 $0.10
Diluted Earnings Per Share $0.17 $0.10
COMMON SHARES
Basic Shares Outstanding 84.20M shares 92.00M shares
Diluted Shares Outstanding 94.72M shares 101.5M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $274.8M $439.9M
YoY Change -37.53% -9.21%
Cash & Equivalents $276.5M $442.1M
Short-Term Investments
Other Short-Term Assets $31.80M $35.30M
YoY Change -9.92% -1.94%
Inventory $3.525B $3.394B
Prepaid Expenses
Receivables $151.1M $151.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.983B $4.021B
YoY Change -0.94% 10.87%
LONG-TERM ASSETS
Property, Plant & Equipment $14.14M $11.78M
YoY Change 20.08% 12.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $78.10M $89.40M
YoY Change -12.64% 16.25%
Other Assets $773.9M $846.7M
YoY Change -8.6% 1815.61%
Total Long-Term Assets $933.0M $1.019B
YoY Change -8.4% 405.17%
TOTAL ASSETS
Total Short-Term Assets $3.983B $4.021B
Total Long-Term Assets $933.0M $1.019B
Total Assets $4.916B $5.039B
YoY Change -2.45% 31.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $190.3M $164.6M
YoY Change 15.61% 6.74%
Accrued Expenses $430.2M $406.0M
YoY Change 5.96% 11.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $640.8M $426.5M
YoY Change 50.25% -17.82%
LONG-TERM LIABILITIES
Long-Term Debt $2.632B $2.820B
YoY Change -6.65% 9.54%
Other Long-Term Liabilities $6.200M $12.70M
YoY Change -51.18% -46.19%
Total Long-Term Liabilities $2.638B $2.832B
YoY Change -6.85% 9.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $640.8M $426.5M
Total Long-Term Liabilities $2.638B $2.832B
Total Liabilities $3.281B $3.423B
YoY Change -4.16% 9.77%
SHAREHOLDERS EQUITY
Retained Earnings $1.491B $1.404B
YoY Change 6.2% 172.79%
Common Stock $801.9M $791.7M
YoY Change 1.28% 2.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $534.6M $446.8M
YoY Change 19.65% 0.18%
Treasury Stock Shares
Shareholders Equity $1.635B $1.616B
YoY Change
Total Liabilities & Shareholders Equity $4.916B $5.039B
YoY Change -2.45% 31.64%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $15.60M $9.573M
YoY Change 62.93% -64.04%
Depreciation, Depletion And Amortization $900.0K $800.0K
YoY Change 12.5% 60.0%
Cash From Operating Activities -$24.20M -$87.00M
YoY Change -72.18% -73.91%
INVESTING ACTIVITIES
Capital Expenditures -$1.500M -$1.000M
YoY Change 50.0% -28.57%
Acquisitions
YoY Change
Other Investing Activities -$500.0K -$10.80M
YoY Change -95.37% 42.11%
Cash From Investing Activities -$1.900M -$11.80M
YoY Change -83.9% 31.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.20M -7.100M
YoY Change 212.68% -101.36%
NET CHANGE
Cash From Operating Activities -24.20M -87.00M
Cash From Investing Activities -1.900M -11.80M
Cash From Financing Activities -22.20M -7.100M
Net Change In Cash -48.30M -105.9M
YoY Change -54.39% -158.54%
FREE CASH FLOW
Cash From Operating Activities -$24.20M -$87.00M
Capital Expenditures -$1.500M -$1.000M
Free Cash Flow -$22.70M -$86.00M
YoY Change -73.6% -74.1%

Facts In Submission

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CY2015Q2 us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
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10249000 USD
us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
EquityMethodInvestmentSummarizedFinancialInformationCostOfSales
13992000 USD
CY2016Q2 us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
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18501000 USD
us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
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25996000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
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150789000 USD
CY2016Q2 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
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136738000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
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206961000 USD
CY2016Q2 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
194322000 USD
CY2015Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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-7754000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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-8983000 USD
CY2016Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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-1455000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-6735000 USD
CY2015Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
3210000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
6420000 USD
CY2016Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
18514000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
21852000 USD
CY2015Q2 us-gaap Financial Services Costs
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928000 USD
us-gaap Financial Services Costs
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1892000 USD
CY2016Q2 us-gaap Financial Services Costs
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871000 USD
us-gaap Financial Services Costs
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1730000 USD
CY2015Q4 us-gaap Financial Services Liabilities
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1817000 USD
CY2016Q2 us-gaap Financial Services Liabilities
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1575000 USD
CY2015Q2 us-gaap Financial Services Revenue
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2165000 USD
us-gaap Financial Services Revenue
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4398000 USD
CY2016Q2 us-gaap Financial Services Revenue
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2588000 USD
us-gaap Financial Services Revenue
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5217000 USD
CY2015Q2 us-gaap Home Building Revenue
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620804000 USD
us-gaap Home Building Revenue
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1198692000 USD
CY2016Q2 us-gaap Home Building Revenue
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808462000 USD
us-gaap Home Building Revenue
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1484204000 USD
CY2015Q2 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
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0 USD
CY2015 us-gaap Impairment Of Real Estate
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8000000 USD
CY2016Q2 us-gaap Impairment Of Real Estate
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9930000 USD
us-gaap Impairment Of Real Estate
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11276000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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12673000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
23172000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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24797000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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40824000 USD
us-gaap Income Loss From Equity Method Investments
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1607000 USD
us-gaap Income Loss From Equity Method Investments
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-2212000 USD
CY2015Q2 us-gaap Income Loss From Subsidiaries Net Of Tax
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0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
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0 USD
CY2016Q2 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2015Q2 us-gaap Income Tax Credits And Adjustments
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-1700000 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-3100000 USD
CY2016Q2 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-400000 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-3700000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
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3100000 USD
us-gaap Income Tax Expense Benefit
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5800000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
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9200000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-20281000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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-5700000 USD
us-gaap Income Tax Expense Benefit
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12100000 USD
us-gaap Income Taxes Paid
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1887000 USD
us-gaap Income Taxes Paid
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2635000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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17999000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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-4469000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-34048000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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-11800000 USD
us-gaap Increase Decrease In Inventories
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116664000 USD
us-gaap Increase Decrease In Inventories
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220061000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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2626000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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1136000 USD
CY2015Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8402000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8402000 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8402000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8402000 shares
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1147000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1094000 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2122000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1954000 shares
CY2015Q2 us-gaap Insurance Commissions And Fees
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1290000 USD
us-gaap Insurance Commissions And Fees
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2724000 USD
CY2016Q2 us-gaap Insurance Commissions And Fees
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1371000 USD
us-gaap Insurance Commissions And Fees
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2947000 USD
CY2015Q2 us-gaap Interest And Other Income
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1000 USD
us-gaap Interest And Other Income
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1000 USD
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0 USD
us-gaap Interest And Other Income
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0 USD
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8118000 USD
us-gaap Interest Expense
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13456000 USD
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1970000 USD
us-gaap Interest Expense
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5667000 USD
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667000 USD
us-gaap Interest On Convertible Debt Net Of Tax
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1333000 USD
CY2016Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
667000 USD
us-gaap Interest On Convertible Debt Net Of Tax
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1333000 USD
us-gaap Interest Paid Net
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10043000 USD
us-gaap Interest Paid Net
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2729000 USD
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62645000 USD
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65583000 USD
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1031356000 USD
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1247223000 USD
CY2015Q4 us-gaap Inventory Land Held For Development And Sale
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516346000 USD
CY2016Q2 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
462205000 USD
CY2015Q4 us-gaap Inventory Operative Builders
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3313747000 USD
CY2016Q2 us-gaap Inventory Operative Builders
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3525089000 USD
CY2015Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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1766045000 USD
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1815661000 USD
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152000 USD
us-gaap Investment Income Interest
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255000 USD
CY2016Q2 us-gaap Investment Income Interest
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134000 USD
us-gaap Investment Income Interest
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286000 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
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33400000 USD
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112790000 USD
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71558000 USD
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35000000 USD
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5015371000 USD
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4915843000 USD
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275000000 USD
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65213000 USD
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0 USD
CY2016Q2 us-gaap Investments In And Advances To Affiliates Amount Of Equity
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0 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1050000000 USD
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40100000 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
350000000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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630000000 USD
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300000000 USD
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266400000 USD
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57700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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17372000 USD
CY2016Q2 us-gaap Net Income Loss
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15597000 USD
us-gaap Net Income Loss
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28724000 USD
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9541000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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17311000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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15521000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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28587000 USD
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NetIncomeLossAvailableToCommonStockholdersDiluted
10210000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18648000 USD
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16195000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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29932000 USD
us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
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0 USD
us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
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32436000 USD
CY2015Q4 us-gaap Notes And Loans Payable
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2625536000 USD
CY2016Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
2632127000 USD
us-gaap Number Of Reportable Segments
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5 segment
CY2015Q2 us-gaap Operating Income Loss
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17862000 USD
us-gaap Operating Income Loss
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32260000 USD
CY2016Q2 us-gaap Operating Income Loss
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25938000 USD
us-gaap Operating Income Loss
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44930000 USD
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13027000 USD
CY2016Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
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6233000 USD
CY2015Q4 us-gaap Other Assets
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112774000 USD
CY2015Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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8000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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16000 USD
CY2016Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
10000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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21000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1590000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2876000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
300000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
87531000 USD
us-gaap Payments Of Debt Issuance Costs
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3337000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends Common Stock
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4599000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4364000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
13244000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
750000 USD
CY2016Q2 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
144100000 USD
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
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6480000 USD
CY2016Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
9362000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
250000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
25000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
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ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
22000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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5827000 USD
us-gaap Proceeds From Repayments Of Secured Debt
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us-gaap Proceeds From Repayments Of Secured Debt
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CY2015Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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3411000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
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7034000 USD
CY2016Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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393000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
652000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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13100000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
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14139000 USD
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266668000 USD
CY2015Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
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284040000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
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299678000 USD
CY2015Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
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288442000 USD
CY2016Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
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300314000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
309045000 USD
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25443000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
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47736000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
35557000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
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66239000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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49199000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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94202000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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46258000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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92509000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
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9344000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
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3517000 USD
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1466713000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1491073000 USD
CY2015Q2 us-gaap Revenues
Revenues
622969000 USD
us-gaap Revenues
Revenues
1203090000 USD
CY2016Q2 us-gaap Revenues
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811050000 USD
us-gaap Revenues
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1489421000 USD
CY2014Q4 us-gaap Self Insurance Reserve
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86574000 USD
CY2015Q1 us-gaap Self Insurance Reserve
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82747000 USD
CY2015Q2 us-gaap Self Insurance Reserve
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80136000 USD
CY2015Q4 us-gaap Self Insurance Reserve
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82175000 USD
CY2016Q1 us-gaap Self Insurance Reserve
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81461000 USD
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82536000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
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78532000 USD
us-gaap Selling General And Administrative Expense
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149604000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
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93810000 USD
us-gaap Selling General And Administrative Expense
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181742000 USD
us-gaap Share Based Compensation
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7428000 USD
us-gaap Share Based Compensation
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7506000 USD
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10389189 shares
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20.35
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533 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
15900000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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12635644 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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12635111 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.39
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.39
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
45.68
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
15900000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y3M0D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y3M0D
CY2014Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
45196000 USD
CY2015Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
45357000 USD
CY2015Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
46472000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
49085000 USD
CY2016Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
50575000 USD
CY2016Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
48837000 USD
CY2015Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7047000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
14642000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2016Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8446000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12467000 USD
CY2015Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4751000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8884000 USD
CY2016Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6315000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11567000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2015Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
4000000 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1690834000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
1635169000 USD
CY2015Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
14255000 USD
CY2016Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
9271000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
447043000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
534574000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
87531000 USD
CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
24000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
45000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
66000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
116000 USD
CY2015Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
24000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
45000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
66000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
116000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
100000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
100000 USD
CY2016Q2 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101544000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101470000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94720000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97060000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91995000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91974000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84196000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86704000 shares
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<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;">In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update No. 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606)&#8221; (&#8220;ASU 2014-09&#8221;). The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Companies may use either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. In August 2015, the FASB issued Accounting Standards Update No. 2015-14, &#8220;Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,&#8221; which delayed the effective date of ASU 2014-09 by one year. In 2016, the FASB issued accounting standards updates that amended several aspects of ASU 2014-09. For public entities, ASU 2014-09, as amended, is effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. We are currently evaluating the potential impact of adopting this guidance on our consolidated financial statements.</font></div><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;">In April 2015, the FASB issued Accounting Standards Update No. 2015-03, &#8220;Interest &#8212; Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs&#8221;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">(&#8220;ASU 2015-03&#8221;). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is to be applied on a retrospective basis and represents a change in accounting principle. In August 2015, the FASB issued Accounting Standards Update No. 2015-15, &#8220;Interest &#8212; Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements &#8212; Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting&#8221;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">(&#8220;ASU 2015-15&#8221;), which clarifies the treatment of debt issuance costs from line-of-credit arrangements after the adoption of ASU 2015-03. In particular, ASU 2015-15 clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs related to a line-of-credit arrangement as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of such arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. For public entities, ASU 2015-03 and ASU 2015-15 are effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. We believe adopting ASU 2015-03 and ASU 2015-15 will not have a material effect on our consolidated financial statements. </font></div><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;">In February 2016, the FASB issued Accounting Standards Update No. 2016-02, &#8220;Leases (Topic 842)&#8221; (&#8220;ASU 2016-02&#8221;). ASU 2016-02 will require organizations that lease assets &#8212; referred to as &#8220;lessees&#8221; &#8212; to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Under ASU 2016-02, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Lessor accounting remains substantially similar to current GAAP. In addition, disclosures of leasing activities are to be expanded to include qualitative along with specific quantitative information. For public entities, ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. ASU 2016-02 mandates a modified retrospective transition method. We are currently evaluating the potential impact of adopting this guidance on our consolidated financial statements.</font></div><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;">In March 2016, the FASB issued Accounting Standards Update No. 2016-09, &#8220;Compensation &#8212; Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting&#8221; (&#8220;ASU 2016-09&#8221;). ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public entities, ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the potential impact of adopting this guidance on our consolidated financial statements.</font></div></div>
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 our consolidated financial statements for prior years have been reclassified 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-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;">The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</font></div></div>

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