2016 Q3 Form 10-Q Financial Statement

#000079526616000154 Filed on October 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $913.3M $843.2M
YoY Change 8.32% 43.1%
Cost Of Revenue $760.5M $709.1M
YoY Change 7.25% 47.91%
Gross Profit $151.9M $133.1M
YoY Change 14.13% 22.19%
Gross Profit Margin 16.63% 15.79%
Selling, General & Admin $98.14M $95.07M
YoY Change 3.23% 30.42%
% of Gross Profit 64.61% 71.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000M $900.0K
YoY Change 11.11% 28.57%
% of Gross Profit 0.66% 0.68%
Operating Expenses $98.14M $95.07M
YoY Change 3.23% 30.42%
Operating Profit $51.48M $35.98M
YoY Change 43.06% 6.11%
Interest Expense $0.00 $4.394M
YoY Change -100.0% -31.93%
% of Operating Profit 0.0% 12.21%
Other Income/Expense, Net
YoY Change
Pretax Income $53.46M $33.95M
YoY Change 57.46% 18.47%
Income Tax $14.10M $10.70M
% Of Pretax Income 26.37% 31.51%
Net Earnings $39.36M $23.25M
YoY Change 69.27% -18.01%
Net Earnings / Revenue 4.31% 2.76%
Basic Earnings Per Share $0.46 $0.25
Diluted Earnings Per Share $0.42 $0.23
COMMON SHARES
Basic Shares Outstanding 84.46M shares 92.07M shares
Diluted Shares Outstanding 95.20M shares 101.9M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $334.7M $353.0M
YoY Change -5.18% 18.82%
Cash & Equivalents $337.7M $354.9M
Short-Term Investments
Other Short-Term Assets $28.80M $34.60M
YoY Change -16.76% -5.21%
Inventory $3.598B $3.402B
Prepaid Expenses
Receivables $149.2M $159.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.110B $3.949B
YoY Change 4.09% 6.98%
LONG-TERM ASSETS
Property, Plant & Equipment $13.01M $12.43M
YoY Change 4.68% 13.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $75.70M $84.80M
YoY Change -10.73% 3.41%
Other Assets $757.2M $835.0M
YoY Change -9.32% 2469.23%
Total Long-Term Assets $917.4M $999.6M
YoY Change -8.23% 409.76%
TOTAL ASSETS
Total Short-Term Assets $4.110B $3.949B
Total Long-Term Assets $917.4M $999.6M
Total Assets $5.028B $4.948B
YoY Change 1.6% 27.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $195.8M $178.6M
YoY Change 9.63% 6.31%
Accrued Expenses $447.2M $470.9M
YoY Change -5.03% 27.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $470.6M $491.1M
YoY Change -4.17% -8.65%
LONG-TERM LIABILITIES
Long-Term Debt $2.675B $2.631B
YoY Change 1.68% 1.93%
Other Long-Term Liabilities $4.100M $7.800M
YoY Change -47.44% -65.49%
Total Long-Term Liabilities $2.679B $2.639B
YoY Change 1.53% 1.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $470.6M $491.1M
Total Long-Term Liabilities $2.679B $2.639B
Total Liabilities $3.345B $3.308B
YoY Change 1.12% 5.27%
SHAREHOLDERS EQUITY
Retained Earnings $1.528B $1.425B
YoY Change 7.25% 163.52%
Common Stock $811.9M $795.1M
YoY Change 2.11% 1.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $534.6M $446.8M
YoY Change 19.65% 0.18%
Treasury Stock Shares
Shareholders Equity $1.682B $1.640B
YoY Change
Total Liabilities & Shareholders Equity $5.028B $4.948B
YoY Change 1.6% 27.3%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $39.36M $23.25M
YoY Change 69.27% -18.01%
Depreciation, Depletion And Amortization $1.000M $900.0K
YoY Change 11.11% 28.57%
Cash From Operating Activities $64.90M $113.8M
YoY Change -42.97% -170.16%
INVESTING ACTIVITIES
Capital Expenditures $200.0K -$500.0K
YoY Change -140.0% -58.33%
Acquisitions
YoY Change
Other Investing Activities $3.300M $6.200M
YoY Change -46.77% -134.83%
Cash From Investing Activities $3.400M $5.700M
YoY Change -40.35% -130.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.100M -206.8M
YoY Change -96.57% 2772.22%
NET CHANGE
Cash From Operating Activities 64.90M 113.8M
Cash From Investing Activities 3.400M 5.700M
Cash From Financing Activities -7.100M -206.8M
Net Change In Cash 61.20M -87.30M
YoY Change -170.1% -53.66%
FREE CASH FLOW
Cash From Operating Activities $64.90M $113.8M
Capital Expenditures $200.0K -$500.0K
Free Cash Flow $64.70M $114.3M
YoY Change -43.39% -170.99%

Facts In Submission

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CY2015Q3 us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
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3381000 USD
us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
EquityMethodInvestmentSummarizedFinancialInformationCostOfSales
17373000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
EquityMethodInvestmentSummarizedFinancialInformationCostOfSales
19383000 USD
us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
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45379000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
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150789000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
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131276000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
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206961000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
182154000 USD
CY2015Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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-796000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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-1053000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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-7788000 USD
CY2015Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
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3338000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
19338000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
41190000 USD
CY2015Q3 us-gaap Financial Services Costs
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910000 USD
us-gaap Financial Services Costs
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2802000 USD
CY2016Q3 us-gaap Financial Services Costs
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891000 USD
us-gaap Financial Services Costs
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2621000 USD
CY2015Q4 us-gaap Financial Services Liabilities
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1817000 USD
CY2016Q3 us-gaap Financial Services Liabilities
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3436000 USD
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2953000 USD
us-gaap Financial Services Revenue
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7351000 USD
CY2016Q3 us-gaap Financial Services Revenue
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3172000 USD
us-gaap Financial Services Revenue
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8389000 USD
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us-gaap Home Building Revenue
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2038896000 USD
CY2016Q3 us-gaap Home Building Revenue
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910111000 USD
us-gaap Home Building Revenue
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2394315000 USD
CY2015Q3 us-gaap Impairment Of Real Estate
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3173000 USD
us-gaap Impairment Of Real Estate
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3173000 USD
CY2015 us-gaap Impairment Of Real Estate
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8000000 USD
CY2016Q3 us-gaap Impairment Of Real Estate
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2579000 USD
us-gaap Impairment Of Real Estate
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13855000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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33954000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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57126000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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53463000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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94287000 USD
us-gaap Income Loss From Equity Method Investments
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1843000 USD
us-gaap Income Loss From Equity Method Investments
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0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
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0 USD
CY2016Q3 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
CY2015Q3 us-gaap Income Tax Credits And Adjustments
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-2500000 USD
us-gaap Income Tax Credits And Adjustments
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-5600000 USD
CY2016Q3 us-gaap Income Tax Credits And Adjustments
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-6700000 USD
us-gaap Income Tax Credits And Adjustments
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-10400000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
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10700000 USD
us-gaap Income Tax Expense Benefit
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16500000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
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14100000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14100000 USD
us-gaap Income Tax Expense Benefit
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26200000 USD
us-gaap Income Taxes Paid
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2915000 USD
us-gaap Income Taxes Paid
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3208000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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25032000 USD
us-gaap Increase Decrease In Accounts And Notes Receivable
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-6637000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-1952000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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28508000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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-15216000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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-25600000 USD
us-gaap Increase Decrease In Inventories
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72509000 USD
us-gaap Increase Decrease In Inventories
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265529000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-37000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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3900000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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8402000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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8402000 shares
CY2016Q3 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
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1407000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1198000 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2344000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2083000 shares
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1857000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
4581000 USD
CY2016Q3 us-gaap Insurance Commissions And Fees
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1897000 USD
us-gaap Insurance Commissions And Fees
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4844000 USD
CY2015Q3 us-gaap Interest And Other Income
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0 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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4394000 USD
us-gaap Interest Expense
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17850000 USD
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0 USD
us-gaap Interest Expense
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5667000 USD
CY2015Q3 us-gaap Interest On Convertible Debt Net Of Tax
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667000 USD
us-gaap Interest On Convertible Debt Net Of Tax
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2000000 USD
CY2016Q3 us-gaap Interest On Convertible Debt Net Of Tax
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667000 USD
us-gaap Interest On Convertible Debt Net Of Tax
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2000000 USD
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5017000 USD
us-gaap Interest Paid Net
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1402650000 USD
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516346000 USD
CY2016Q3 us-gaap Inventory Land Held For Development And Sale
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421061000 USD
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3313747000 USD
CY2016Q3 us-gaap Inventory Operative Builders
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3597673000 USD
CY2015Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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1766045000 USD
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1773962000 USD
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87000 USD
us-gaap Investment Income Interest
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342000 USD
CY2016Q3 us-gaap Investment Income Interest
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109000 USD
us-gaap Investment Income Interest
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395000 USD
CY2015Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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71558000 USD
CY2016Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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61526000 USD
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0 USD
CY2016Q3 us-gaap Investments In And Advances To Affiliates Amount Of Equity
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0 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
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33400000 USD
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33100000 USD
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5015371000 USD
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275000000 USD
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1050000000 USD
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46000000 USD
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350000000 USD
CY2016Q3 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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53000000 USD
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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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CY2016Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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23184000 USD
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40487000 USD
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39173000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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67760000 USD
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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42498000 USD
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39859000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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69792000 USD
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us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
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89968000 USD
CY2015Q4 us-gaap Notes And Loans Payable
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CY2016Q3 us-gaap Notes And Loans Payable
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us-gaap Number Of Reportable Segments
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5 segment
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35982000 USD
us-gaap Operating Income Loss
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68242000 USD
CY2016Q3 us-gaap Operating Income Loss
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51477000 USD
us-gaap Operating Income Loss
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CY2016Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
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4061000 USD
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112774000 USD
CY2016Q3 us-gaap Other Assets
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7000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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24000 USD
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10000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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31000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2100000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2680000 USD
us-gaap Payments For Repurchase Of Common Stock
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300000 USD
us-gaap Payments For Repurchase Of Common Stock
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87531000 USD
us-gaap Payments Of Debt Issuance Costs
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4561000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Dividends Common Stock
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6890000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6471000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
20955000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1000000 USD
CY2016Q3 us-gaap Pledged Assets Not Separately Reported Real Estate
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230900000 USD
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
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6480000 USD
CY2016Q3 us-gaap Prepaid Expense Current And Noncurrent
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7905000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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14000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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3495000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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250000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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436000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
7351000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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2207000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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8742000 USD
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us-gaap Proceeds From Repayments Of Secured Debt
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1130000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
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8164000 USD
CY2016Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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0 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
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652000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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13100000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
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CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
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309045000 USD
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CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
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51752000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
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40424000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
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106663000 USD
CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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46587000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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140789000 USD
CY2016Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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46485000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
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138994000 USD
us-gaap Repayments Of Long Term Debt
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199906000 USD
us-gaap Repayments Of Senior Debt
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199906000 USD
us-gaap Repayments Of Senior Debt
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0 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
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9344000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
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602000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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1466713000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
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1528329000 USD
CY2015Q3 us-gaap Revenues
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us-gaap Revenues
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2046247000 USD
CY2016Q3 us-gaap Revenues
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913283000 USD
us-gaap Revenues
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2402704000 USD
CY2014Q4 us-gaap Self Insurance Reserve
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CY2015Q2 us-gaap Self Insurance Reserve
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80136000 USD
CY2015Q3 us-gaap Self Insurance Reserve
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80601000 USD
CY2015Q4 us-gaap Self Insurance Reserve
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CY2016Q2 us-gaap Self Insurance Reserve
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82536000 USD
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77785000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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244678000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
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98144000 USD
us-gaap Selling General And Administrative Expense
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279886000 USD
us-gaap Share Based Compensation
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10444000 USD
us-gaap Share Based Compensation
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10180000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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9879040 shares
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20.68
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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2281 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
23700000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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12635644 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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12106397 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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19.39
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.63
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.95
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
22.51
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
21800000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y2M0D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M0D
CY2014Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
45196000 USD
CY2015Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
46472000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
48642000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
49085000 USD
CY2016Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
48837000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
52124000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5285000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
19927000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4719000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
17186000 USD
CY2015Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6325000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
15209000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8006000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
19573000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
526966 shares
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
0 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7351000 USD
CY2015Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
4000000 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1690834000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
1682450000 USD
CY2015Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
14255000 USD
CY2016Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
12844000 USD
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
447043000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
534574000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
87531000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
63000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
115000 USD
CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
180000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
296000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
63000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
115000 USD
CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
180000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
296000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
100000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
100000 USD
CY2016Q3 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
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101874000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101605000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95203000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96437000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92065000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92005000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84457000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85952000 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 lessees 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 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 August 2016, the FASB issued Accounting Standards Update No. 2016-15, &#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments&#8221; (&#8220;ASU 2016-15&#8221;). ASU 2016-15 provides guidance on how certain cash receipts and cash payments are to be presented and classified in the statement of cash flows. For public entities, ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, 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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