$KBH
KB HOME Stock $kbh

$kbh Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000079526618000067 Filed on July 06, 2018

Income Statement

Concept	2018 Q2	2017 Q2
Revenue	$1.101B	$1.003B
YoY Change	9.84%	23.64%
Cost Of Revenue	$911.2M	$846.6M
YoY Change	7.63%	22.93%
Gross Profit	$189.2M	$155.4M
YoY Change	21.78%	27.92%
Gross Profit Margin	17.18%	15.49%
Selling, General & Admin	$113.2M	$103.9M
YoY Change	8.96%	10.77%
% of Gross Profit	59.84%	66.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$700.0K	$700.0K
YoY Change	0.0%	-22.22%
% of Gross Profit	0.37%	0.45%
Operating Expenses	$113.2M	$103.9M
YoY Change	8.96%	10.77%
Operating Profit	$74.20M	$49.56M
YoY Change	49.72%	91.07%
Interest Expense	$0.00	$0.00
YoY Change		-100.0%
% of Operating Profit	0.0%	0.0%
Other Income/Expense, Net
YoY Change
Pretax Income	$78.31M	$51.98M
YoY Change	50.64%	109.63%
Income Tax	$21.00M	$20.20M
% Of Pretax Income	26.82%	38.86%
Net Earnings	$57.31M	$31.78M
YoY Change	80.32%	103.77%
Net Earnings / Revenue	5.2%	3.17%
Basic Earnings Per Share	$0.65	$0.37
Diluted Earnings Per Share	$0.57	$0.33
COMMON SHARES
Basic Shares Outstanding	87.58M shares	85.45M shares
Diluted Shares Outstanding	101.2M shares	97.73M shares

Balance Sheet

Concept	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$670.6M	$348.6M
YoY Change	92.37%	26.86%
Cash & Equivalents	$670.6M	$349.4M
Short-Term Investments
Other Short-Term Assets	$14.20M	$9.700M
YoY Change	46.39%	-69.5%
Inventory	$3.464B	$3.488B
Prepaid Expenses
Receivables	$112.1M	$94.50M
Other Receivables	$163.5M	$140.2M
Total Short-Term Assets	$4.424B	$4.081B
YoY Change	8.41%	2.47%
LONG-TERM ASSETS
Property, Plant & Equipment	$21.69M	$16.83M
YoY Change	28.87%	19.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$76.00M	$75.40M
YoY Change	0.8%	-3.46%
Other Assets	$496.0M	$711.9M
YoY Change	-30.33%	-8.01%
Total Long-Term Assets	$670.3M	$877.6M
YoY Change	-23.62%	-5.94%
TOTAL ASSETS
Total Short-Term Assets	$4.424B	$4.081B
Total Long-Term Assets	$670.3M	$877.6M
Total Assets	$5.095B	$4.959B
YoY Change	2.74%	0.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$230.6M	$187.0M
YoY Change	23.32%	-1.73%
Accrued Expenses	$569.1M	$464.1M
YoY Change	22.62%	7.88%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$591.8M	$670.0M
YoY Change	-11.67%	4.56%
LONG-TERM LIABILITIES
Long-Term Debt	$2.354B	$2.510B
YoY Change	-6.23%	-4.64%
Other Long-Term Liabilities	$3.900M	$4.900M
YoY Change	-20.41%	-20.97%
Total Long-Term Liabilities	$2.358B	$2.515B
YoY Change	-6.25%	-4.67%
TOTAL LIABILITIES
Total Short-Term Liabilities	$591.8M	$670.0M
Total Long-Term Liabilities	$2.358B	$2.515B
Total Liabilities	$3.180B	$3.186B
YoY Change	-0.2%	-2.87%
SHAREHOLDERS EQUITY
Retained Earnings	$1.717B	$1.605B
YoY Change	6.96%	7.67%
Common Stock	$854.4M	$819.6M
YoY Change	4.26%	2.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$548.4M	$537.3M
YoY Change	2.07%	0.5%
Treasury Stock Shares
Shareholders Equity	$1.915B	$1.772B
YoY Change
Total Liabilities & Shareholders Equity	$5.095B	$4.959B
YoY Change	2.74%	0.87%

Cashflow Statement

Concept	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	$57.31M	$31.78M
YoY Change	80.32%	103.77%
Depreciation, Depletion And Amortization	$700.0K	$700.0K
YoY Change	0.0%	-22.22%
Cash From Operating Activities	$122.3M	$12.40M
YoY Change	886.29%	-151.24%
INVESTING ACTIVITIES
Capital Expenditures	-$1.500M	-$3.100M
YoY Change	-51.61%	106.67%
Acquisitions
YoY Change
Other Investing Activities	-$3.600M	$3.500M
YoY Change	-202.86%	-800.0%
Cash From Investing Activities	-$5.000M	$500.0K
YoY Change	-1100.0%	-126.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-7.500M	-15.90M
YoY Change	-52.83%	-28.38%
NET CHANGE
Cash From Operating Activities	122.3M	12.40M
Cash From Investing Activities	-5.000M	500.0K
Cash From Financing Activities	-7.500M	-15.90M
Net Change In Cash	109.8M	-3.000M
YoY Change	-3760.0%	-93.79%
FREE CASH FLOW
Cash From Operating Activities	$122.3M	$12.40M
Capital Expenditures	-$1.500M	-$3.100M
Free Cash Flow	$123.8M	$15.50M
YoY Change	698.71%	-168.28%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Trading Symbol TradingSymbol	KBH
	kbh	Lineof Credit Facility Significant Subsidiary Threshold Percent LineofCreditFacilitySignificantSubsidiaryThresholdPercent	0.05
CY2017Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	16863000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	-244000	USD
	kbh	Maximum Warranty On Electrical Heating Cooling Plumbing And Other Building Systems MaximumWarrantyOnElectricalHeatingCoolingPlumbingAndOtherBuildingSystems	P5Y
	kbh	Minimum Warranty On Electrical Heating Cooling Plumbing And Other Building Systems MinimumWarrantyOnElectricalHeatingCoolingPlumbingAndOtherBuildingSystems	P2Y
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	8795000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--11-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-05-31
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000795266
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	87688801	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	KB HOME
CY2017Q4	kbh	Acquisition Costs Related To Land Option Contracts And Other Similar Contracts AcquisitionCostsRelatedToLandOptionContractsAndOtherSimilarContracts	26800000	USD
CY2018Q2	kbh	Acquisition Costs Related To Land Option Contracts And Other Similar Contracts AcquisitionCostsRelatedToLandOptionContractsAndOtherSimilarContracts	36800000	USD
CY2017Q4	kbh	Aggregate Carrying Value Of Inventory Impacted By Pretax Noncash Inventory Impairment Charges AggregateCarryingValueOfInventoryImpactedByPretaxNoncashInventoryImpairmentCharges	177800000	USD
CY2018Q2	kbh	Aggregate Carrying Value Of Inventory Impacted By Pretax Noncash Inventory Impairment Charges AggregateCarryingValueOfInventoryImpactedByPretaxNoncashInventoryImpairmentCharges	169800000	USD
CY2017Q4	kbh	Aggregate Purchase Price Associated With Land Option And Other Similar Contracts AggregatePurchasePriceAssociatedWithLandOptionAndOtherSimilarContracts	1094087000	USD
CY2018Q2	kbh	Aggregate Purchase Price Associated With Land Option And Other Similar Contracts AggregatePurchasePriceAssociatedWithLandOptionAndOtherSimilarContracts	1165448000	USD
CY2018Q2	kbh	Aggregate Purchase Price Associated With Land Option And Other Similar Contracts AggregatePurchasePriceAssociatedWithLandOptionAndOtherSimilarContracts	1165400000	USD
CY2017Q2	kbh	Carrying Valueof Communitiesor Land Parcels Evaluatedfor Impairment CarryingValueofCommunitiesorLandParcelsEvaluatedforImpairment	381100000	USD
CY2018Q2	kbh	Carrying Valueof Communitiesor Land Parcels Evaluatedfor Impairment CarryingValueofCommunitiesorLandParcelsEvaluatedforImpairment	284100000	USD
CY2017Q4	kbh	Cash Deposits On Land Option And Other Similar Contracts CashDepositsOnLandOptionAndOtherSimilarContracts	64702000	USD
CY2018Q2	kbh	Cash Deposits On Land Option And Other Similar Contracts CashDepositsOnLandOptionAndOtherSimilarContracts	43978000	USD
CY2018Q2	kbh	Cash Deposits On Land Option And Other Similar Contracts CashDepositsOnLandOptionAndOtherSimilarContracts	44000000	USD
CY2017Q4	kbh	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	25426000	USD
CY2018Q2	kbh	Equity Method Investment Summarized Financial Information Accounts Payable And Other Liabilities EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherLiabilities	22744000	USD
CY2017Q4	kbh	Equity Method Investment Summarized Financial Information Cash EquityMethodInvestmentSummarizedFinancialInformationCash	21193000	USD
CY2018Q2	kbh	Equity Method Investment Summarized Financial Information Cash EquityMethodInvestmentSummarizedFinancialInformationCash	17237000	USD
CY2017Q4	kbh	Equity Method Investment Summarized Financial Information Inventories EquityMethodInvestmentSummarizedFinancialInformationInventories	145519000	USD
CY2018Q2	kbh	Equity Method Investment Summarized Financial Information Inventories EquityMethodInvestmentSummarizedFinancialInformationInventories	143136000	USD
CY2017Q4	kbh	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	1398000	USD
CY2018Q2	kbh	Equity Method Investment Summarized Financial Information Other Assets EquityMethodInvestmentSummarizedFinancialInformationOtherAssets	959000	USD
CY2017Q2	kbh	Equity Method Investment Summarized Financial Information Other Income Expenses Net EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeExpensesNet	-1157000	USD
	kbh	Equity Method Investment Summarized Financial Information Other Income Expenses Net EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeExpensesNet	-2253000	USD
CY2018Q2	kbh	Equity Method Investment Summarized Financial Information Other Income Expenses Net EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeExpensesNet	-611000	USD
	kbh	Equity Method Investment Summarized Financial Information Other Income Expenses Net EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeExpensesNet	-1983000	USD
CY2017Q4	kbh	Equity Method Investment Summarized Financial Information Receivable EquityMethodInvestmentSummarizedFinancialInformationReceivable	688000	USD
CY2018Q2	kbh	Equity Method Investment Summarized Financial Information Receivable EquityMethodInvestmentSummarizedFinancialInformationReceivable	226000	USD
CY2017Q4	kbh	Equity Method Investments Summarized Financial Information Debt EquityMethodInvestmentsSummarizedFinancialInformationDebt	20040000	USD
CY2018Q2	kbh	Equity Method Investments Summarized Financial Information Debt EquityMethodInvestmentsSummarizedFinancialInformationDebt	9536000	USD
CY2017Q2	kbh	Expenses Associated With Self Insurance ExpensesAssociatedWithSelfInsurance	3598000	USD
	kbh	Expenses Associated With Self Insurance ExpensesAssociatedWithSelfInsurance	8238000	USD
CY2018Q2	kbh	Expenses Associated With Self Insurance ExpensesAssociatedWithSelfInsurance	4309000	USD
	kbh	Expenses Associated With Self Insurance ExpensesAssociatedWithSelfInsurance	8710000	USD
	kbh	Increase Decrease In Consolidated Inventories Not Owned IncreaseDecreaseInConsolidatedInventoriesNotOwned	-37371000	USD
	kbh	Increase Decrease In Consolidated Inventories Not Owned IncreaseDecreaseInConsolidatedInventoriesNotOwned	17518000	USD
CY2017Q4	kbh	Increase In Inventories And Accrued Expenses And Other Liabilities Due To Land Option And Other Similar Contracts IncreaseInInventoriesAndAccruedExpensesAndOtherLiabilitiesDueToLandOptionAndOtherSimilarContracts	5700000	USD
CY2018Q2	kbh	Increase In Inventories And Accrued Expenses And Other Liabilities Due To Land Option And Other Similar Contracts IncreaseInInventoriesAndAccruedExpensesAndOtherLiabilitiesDueToLandOptionAndOtherSimilarContracts	23200000	USD
CY2017Q2	kbh	Intercompany Interest Income Expense IntercompanyInterestIncomeExpense	0	USD
	kbh	Intercompany Interest Income Expense IntercompanyInterestIncomeExpense	0	USD
CY2018Q2	kbh	Intercompany Interest Income Expense IntercompanyInterestIncomeExpense	0	USD
	kbh	Intercompany Interest Income Expense IntercompanyInterestIncomeExpense	0	USD
	kbh	Inventory Impairments And Land Option Contract Abandonments InventoryImpairmentsAndLandOptionContractAbandonments	10009000	USD
	kbh	Inventory Impairments And Land Option Contract Abandonments InventoryImpairmentsAndLandOptionContractAbandonments	11511000	USD
CY2017Q4	kbh	Inventoryrelatedliabilities Inventoryrelatedliabilities	30108000	USD
CY2018Q2	kbh	Inventoryrelatedliabilities Inventoryrelatedliabilities	43932000	USD
	kbh	Lettersof Credit Outstanding Term LettersofCreditOutstandingTerm	P1Y
	kbh	Lineof Credit Facility Non Guarantor Subsidiary Threshold Percent LineofCreditFacilityNonGuarantorSubsidiaryThresholdPercent	0.10
	kbh	Long Term Purchase Commitment Lots LongTermPurchaseCommitmentLots	56	lot
CY2017Q4	kbh	Number Of Communities And Various Other Land Parcels Impacted By Pretax Noncash Inventory Impairment Charges NumberOfCommunitiesAndVariousOtherLandParcelsImpactedByPretaxNoncashInventoryImpairmentCharges	24	property
CY2018Q2	kbh	Number Of Communities And Various Other Land Parcels Impacted By Pretax Noncash Inventory Impairment Charges NumberOfCommunitiesAndVariousOtherLandParcelsImpactedByPretaxNoncashInventoryImpairmentCharges	18	lot
CY2017Q4	kbh	Number Of Investments In Unconsolidated Joint Ventures NumberOfInvestmentsInUnconsolidatedJointVentures	7	joint_venture
CY2018Q2	kbh	Number Of Investments In Unconsolidated Joint Ventures NumberOfInvestmentsInUnconsolidatedJointVentures	7	joint_venture
	kbh	Number Of Land Parcels Or Communities Evaluated For Recoverability NumberOfLandParcelsOrCommunitiesEvaluatedForRecoverability	43	property
	kbh	Number Of Land Parcels Or Communities Evaluated For Recoverability NumberOfLandParcelsOrCommunitiesEvaluatedForRecoverability	42	property
CY2017Q4	kbh	Numberof Unconsolidated Joint Venture Lots Controlled Under Land Option Contracts NumberofUnconsolidatedJointVentureLotsControlledUnderLandOptionContracts	377	lot
CY2018Q2	kbh	Numberof Unconsolidated Joint Venture Lots Controlled Under Land Option Contracts NumberofUnconsolidatedJointVentureLotsControlledUnderLandOptionContracts	354	lot
	kbh	Ownership Share In Guarantor Subsidiaries OwnershipShareInGuarantorSubsidiaries	1
CY2017Q2	kbh	Paymentsfor Self Insurance PaymentsforSelfInsurance	2720000	USD
	kbh	Paymentsfor Self Insurance PaymentsforSelfInsurance	4760000	USD
CY2018Q2	kbh	Paymentsfor Self Insurance PaymentsforSelfInsurance	1277000	USD
	kbh	Paymentsfor Self Insurance PaymentsforSelfInsurance	2642000	USD
CY2017Q4	kbh	Performance Bonds PerformanceBonds	606700000	USD
CY2018Q2	kbh	Performance Bonds PerformanceBonds	602200000	USD
CY2017Q4	kbh	Self Insuranceand Other Legal Liabilities SelfInsuranceandOtherLegalLiabilities	222808000	USD
CY2018Q2	kbh	Self Insuranceand Other Legal Liabilities SelfInsuranceandOtherLegalLiabilities	243838000	USD
	kbh	Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Provisional Income Tax Expense Benefit TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateProvisionalIncomeTaxExpenseBenefit	107900000	USD
	kbh	Tax Cutsand Jobs Actof2017 Incomplete Accounting Provisional Income Tax Expense Benefit TaxCutsandJobsActof2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit	111200000	USD
CY2017Q2	kbh	Title Services TitleServices	1314000	USD
	kbh	Title Services TitleServices	2449000	USD
CY2018Q2	kbh	Title Services TitleServices	1287000	USD
	kbh	Title Services TitleServices	2353000	USD
CY2017Q2	kbh	Undistributed Earnings Reallocatedto Participating Securities UndistributedEarningsReallocatedtoParticipatingSecurities	175000	USD
	kbh	Undistributed Earnings Reallocatedto Participating Securities UndistributedEarningsReallocatedtoParticipatingSecurities	251000	USD
CY2018Q2	kbh	Undistributed Earnings Reallocatedto Participating Securities UndistributedEarningsReallocatedtoParticipatingSecurities	269000	USD
	kbh	Undistributed Earnings Reallocatedto Participating Securities UndistributedEarningsReallocatedtoParticipatingSecurities	0	USD
CY2017Q4	kbh	Utilityand Municipality Receivable UtilityandMunicipalityReceivable	113744000	USD
CY2018Q2	kbh	Utilityand Municipality Receivable UtilityandMunicipalityReceivable	124704000	USD
	kbh	Valuation Allowance Deferred Tax Asset Increase Decrease Amount Other ValuationAllowanceDeferredTaxAssetIncreaseDecreaseAmountOther	0	USD
	kbh	Warranty For Other Components Of Home WarrantyForOtherComponentsOfHome	P1Y
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CY2017Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	257206000	USD
CY2018Q2	us-gaap	Accounts Receivable Gross AccountsReceivableGross	288254000	USD
CY2017Q4	us-gaap	Accrued Employee Benefits Current And Noncurrent AccruedEmployeeBenefitsCurrentAndNoncurrent	143992000	USD
CY2018Q2	us-gaap	Accrued Employee Benefits Current And Noncurrent AccruedEmployeeBenefitsCurrentAndNoncurrent	125376000	USD
CY2017Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	575930000	USD
CY2017Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-16924000	USD
CY2018Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-16924000	USD
CY2018Q2	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	594415000	USD
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	12993000	USD
CY2017Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	727483000	USD
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CY2018Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	12634000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3314000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	3125000	USD
CY2017Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	3600000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	3600000	shares
CY2018Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1600000	shares
CY2017Q4	us-gaap	Assets Assets	5041515000	USD
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CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	593000000	USD
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CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	720861000	USD
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	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-243628000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-50307000	USD
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CY2017Q4	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	75236000	USD
CY2018Q2	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	75125000	USD
CY2018Q2	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	12602735	shares
CY2017Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.0250
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.05
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	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.05
CY2017Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.025
CY2017Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.0250
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.05
CY2018Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.0250
CY2018Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.025
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.05
CY2017Q4	us-gaap	Common Stock Issued Employee Stock Trust CommonStockIssuedEmployeeStockTrust	96509000	USD
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CY2017Q4	us-gaap	Common Stock Value CommonStockValue	117946000	USD
CY2018Q2	us-gaap	Common Stock Value CommonStockValue	118397000	USD
CY2017Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	31800000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	46000000	USD
CY2018Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-57300000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-13900000	USD
CY2017Q2	us-gaap	Construction And Development Costs ConstructionAndDevelopmentCosts	846596000	USD
	us-gaap	Construction And Development Costs ConstructionAndDevelopmentCosts	1544676000	USD
CY2018Q2	us-gaap	Construction And Development Costs ConstructionAndDevelopmentCosts	911244000	USD
	us-gaap	Construction And Development Costs ConstructionAndDevelopmentCosts	1640722000	USD
CY2018Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	12600000	USD
CY2017Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	2381000	USD
CY2018Q2	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	2056000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	657200000	USD
CY2018Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	522900000	USD
CY2018Q2	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	21508000	USD
CY2017Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	15400000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	633637000	USD
CY2018Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	495969000	USD
CY2018Q2	us-gaap	Deferred Tax Assets Tax Credit Carryforwards DeferredTaxAssetsTaxCreditCarryforwards	50000000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	23600000	USD
CY2018Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	26900000	USD
CY2017Q4	us-gaap	Deposits Assets DepositsAssets	13829000	USD
CY2018Q2	us-gaap	Deposits Assets DepositsAssets	13675000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1500000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1251000	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	4500000	USD
CY2017Q4	us-gaap	Due From Affiliates DueFromAffiliates	0	USD
CY2018Q2	us-gaap	Due From Affiliates DueFromAffiliates	0	USD
CY2017Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	0	USD
CY2018Q2	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	0	USD
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.37
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.54
CY2018Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.65
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.16
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.33
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.49
CY2018Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.57
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.16
CY2017Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.389
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.373
CY2018Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.268
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	1.112
CY2018Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	200000	USD
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	2400000	USD
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	0	USD
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	5147000	USD
CY2017Q4	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	168798000	USD
CY2018Q2	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	161558000	USD
CY2017Q2	us-gaap	Equity Method Investment Summarized Financial Information Cost Of Sales EquityMethodInvestmentSummarizedFinancialInformationCostOfSales	6898000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Cost Of Sales EquityMethodInvestmentSummarizedFinancialInformationCostOfSales	24793000	USD
CY2018Q2	us-gaap	Equity Method Investment Summarized Financial Information Cost Of Sales EquityMethodInvestmentSummarizedFinancialInformationCostOfSales	7839000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Cost Of Sales EquityMethodInvestmentSummarizedFinancialInformationCostOfSales	16655000	USD
CY2017Q4	us-gaap	Equity Method Investment Summarized Financial Information Equity Or Capital EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital	123332000	USD
CY2018Q2	us-gaap	Equity Method Investment Summarized Financial Information Equity Or Capital EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital	129278000	USD
CY2017Q4	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	168798000	USD
CY2018Q2	us-gaap	Equity Method Investment Summarized Financial Information Liabilities And Equity EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity	161558000	USD
CY2017Q2	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	-975000	USD
CY2018Q2	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	-623000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Net Income Loss EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss	-2014000	USD
CY2017Q2	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	7080000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	26802000	USD
CY2018Q2	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	7827000	USD
	us-gaap	Equity Method Investment Summarized Financial Information Revenue EquityMethodInvestmentSummarizedFinancialInformationRevenue	16624000	USD
CY2018Q2	us-gaap	Excess Stock Shares Authorized ExcessStockSharesAuthorized	2373000	shares
CY2017Q2	us-gaap	Financial Services Costs FinancialServicesCosts	816000	USD
	us-gaap	Financial Services Costs FinancialServicesCosts	1635000	USD
CY2018Q2	us-gaap	Financial Services Costs FinancialServicesCosts	957000	USD
	us-gaap	Financial Services Costs FinancialServicesCosts	1910000	USD
CY2017Q4	us-gaap	Financial Services Liabilities FinancialServicesLiabilities	966000	USD
CY2018Q2	us-gaap	Financial Services Liabilities FinancialServicesLiabilities	1224000	USD
CY2017Q2	us-gaap	Financial Services Revenue FinancialServicesRevenue	2722000	USD
	us-gaap	Financial Services Revenue FinancialServicesRevenue	5072000	USD
CY2018Q2	us-gaap	Financial Services Revenue FinancialServicesRevenue	2750000	USD
	us-gaap	Financial Services Revenue FinancialServicesRevenue	5168000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-5685000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-5700000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2017Q2	us-gaap	Home Building Revenue HomeBuildingRevenue	1000072000	USD
	us-gaap	Home Building Revenue HomeBuildingRevenue	1816318000	USD
CY2018Q2	us-gaap	Home Building Revenue HomeBuildingRevenue	1098673000	USD
	us-gaap	Home Building Revenue HomeBuildingRevenue	1967878000	USD
CY2017Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	4302000	USD
CY2017Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	4300000	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	7519000	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	7500000	USD
CY2018Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	5993000	USD
CY2018Q2	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	6000000	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	10692000	USD
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	10700000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	51982000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	73441000	USD
CY2018Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	78308000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	124353000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1075000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	613000	USD
CY2017Q2	us-gaap	Income Loss From Subsidiaries Net Of Tax IncomeLossFromSubsidiariesNetOfTax	0	USD
	us-gaap	Income Loss From Subsidiaries Net Of Tax IncomeLossFromSubsidiariesNetOfTax	0	USD
CY2018Q2	us-gaap	Income Loss From Subsidiaries Net Of Tax IncomeLossFromSubsidiariesNetOfTax	0	USD
	us-gaap	Income Loss From Subsidiaries Net Of Tax IncomeLossFromSubsidiariesNetOfTax	0	USD
CY2017Q2	us-gaap	Income Tax Credits And Adjustments IncomeTaxCreditsAndAdjustments	100000	USD
	us-gaap	Income Tax Credits And Adjustments IncomeTaxCreditsAndAdjustments	1200000	USD
CY2018Q2	us-gaap	Income Tax Credits And Adjustments IncomeTaxCreditsAndAdjustments	200000	USD
	us-gaap	Income Tax Credits And Adjustments IncomeTaxCreditsAndAdjustments	4200000	USD
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	2905000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	20200000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	27400000	USD
CY2018Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	21000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	138300000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	3039000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	7595000	USD
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	31218000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-54673000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	18369000	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-27100000	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-137668000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	100520000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	152799000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	6093000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	6658000	USD
CY2017Q2	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
CY2018Q2	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	0	shares
CY2017Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3885000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3288000	shares
CY2018Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	5176000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2017Q2	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	1408000	USD
	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	2618000	USD
CY2018Q2	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	1463000	USD
	us-gaap	Insurance Commissions And Fees InsuranceCommissionsAndFees	2815000	USD
CY2017Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	0	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	5000	USD
CY2018Q2	us-gaap	Interest And Other Income InterestAndOtherIncome	0	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	0	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	0	USD
	us-gaap	Interest Expense InterestExpense	6307000	USD
CY2018Q2	us-gaap	Interest Expense InterestExpense	0	USD
	us-gaap	Interest Expense InterestExpense	0	USD
CY2017Q2	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	664000	USD
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	1327000	USD
CY2018Q2	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	796000	USD
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
	us-gaap	Interest Paid InterestPaid	2105000	USD
	us-gaap	Interest Paid InterestPaid	-3665000	USD
CY2017Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	65343000	USD
CY2018Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	69008000	USD
CY2017Q4	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	1236848000	USD
CY2018Q2	us-gaap	Inventory Homes Under Construction InventoryHomesUnderConstruction	1397790000	USD
CY2017Q4	us-gaap	Inventory Land Held For Development And Sale InventoryLandHeldForDevelopmentAndSale	375199000	USD
CY2018Q2	us-gaap	Inventory Land Held For Development And Sale InventoryLandHeldForDevelopmentAndSale	304895000	USD
CY2017Q4	us-gaap	Inventory Land Held For Sale InventoryLandHeldForSale	21800000	USD
CY2018Q2	us-gaap	Inventory Land Held For Sale InventoryLandHeldForSale	22600000	USD
CY2017Q4	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	3263386000	USD
CY2018Q2	us-gaap	Inventory Operative Builders InventoryOperativeBuilders	3464002000	USD
CY2017Q4	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1651339000	USD
CY2018Q2	us-gaap	Inventory Real Estate Land And Land Development Costs InventoryRealEstateLandAndLandDevelopmentCosts	1761317000	USD
CY2017Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	202000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	400000	USD
CY2018Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	1278000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	2281000	USD
CY2017Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	64794000	USD
CY2018Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	69015000	USD
CY2017Q4	us-gaap	Investments In And Advances To Affiliates Amount Of Equity InvestmentsInAndAdvancesToAffiliatesAmountOfEquity	0	USD
CY2018Q2	us-gaap	Investments In And Advances To Affiliates Amount Of Equity InvestmentsInAndAdvancesToAffiliatesAmountOfEquity	0	USD
CY2017Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	37600000	USD
CY2018Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	36700000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5041515000	USD
CY2018Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5094736000	USD
CY2018Q2	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	500000000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	250000000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	300000000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	800000000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	0	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	350000000	USD
CY2018Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	666400000	USD
	us-gaap	Long Term Purchase Commitment Amount LongTermPurchaseCommitmentAmount	25300000	USD
	us-gaap	Longterm Purchase Commitment Period LongtermPurchaseCommitmentPeriod	P2Y
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-170801000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-17010000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8247000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13928000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-64580000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-19369000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	31782000	USD
	us-gaap	Net Income Loss NetIncomeLoss	46041000	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	57308000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-13947000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	31568000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	45727000	USD
CY2018Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	56986000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-13947000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	32257000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	47088000	USD
CY2018Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	57823000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Inventory Acquired1 NoncashOrPartNoncashAcquisitionInventoryAcquired1	28160000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Inventory Acquired1 NoncashOrPartNoncashAcquisitionInventoryAcquired1	36697000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-13947000	USD
CY2017Q4	us-gaap	Notes And Loans Payable NotesAndLoansPayable	2324845000	USD
CY2018Q2	us-gaap	Notes And Loans Payable NotesAndLoansPayable	2353848000	USD
CY2018Q2	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	5	segment
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	49559000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	74836000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	74198000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	118201000	USD
CY2017Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	10144000	USD
CY2018Q2	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	3852000	USD
CY2017Q4	us-gaap	Other Assets OtherAssets	102498000	USD
CY2018Q2	us-gaap	Other Assets OtherAssets	111024000	USD
CY2017Q4	us-gaap	Other Receivables OtherReceivables	33797000	USD
CY2018Q2	us-gaap	Other Receivables OtherReceivables	44882000	USD
CY2017Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	14000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	29000	USD
CY2018Q2	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	12000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	0	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	4100000	USD
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	3427000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2543000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	6787000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	4341000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	4500000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2543000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	6787000	USD
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	11105000	USD
	us-gaap	Payments To Acquire Interest In Joint Venture PaymentsToAcquireInterestInJointVenture	11600000	USD
CY2018Q2	us-gaap	Pledged Assets Not Separately Reported Real Estate PledgedAssetsNotSeparatelyReportedRealEstate	115400000	USD
CY2017Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	5360000	USD
CY2018Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	12153000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	6958000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	1099000	USD
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	3049000	USD
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	4771000	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
	us-gaap	Proceeds From Repayments Of Secured Debt ProceedsFromRepaymentsOfSecuredDebt	-61640000	USD
	us-gaap	Proceeds From Repayments Of Secured Debt ProceedsFromRepaymentsOfSecuredDebt	-10494000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	19521000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	21690000	USD
CY2016Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	306723000	USD
CY2017Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	311111000	USD
CY2017Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	303984000	USD
CY2017Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	262191000	USD
CY2018Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	259785000	USD
CY2018Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	247276000	USD
CY2017Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	50471000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	89855000	USD
CY2018Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	52433000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Cost Of Sales1 RealEstateInventoryCapitalizedInterestCostsCostOfSales1	94783000	USD
CY2017Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	43344000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	93423000	USD
CY2018Q2	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	39924000	USD
	us-gaap	Real Estate Inventory Capitalized Interest Costs Incurred RealEstateInventoryCapitalizedInterestCostsIncurred	79868000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	105326000	USD
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	105326000	USD
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	0	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1735695000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1717248000	USD
CY2017Q2	us-gaap	Revenues Revenues	1002794000	USD
	us-gaap	Revenues Revenues	1821390000	USD
CY2018Q2	us-gaap	Revenues Revenues	1101423000	USD
	us-gaap	Revenues Revenues	1973046000	USD
CY2016Q4	us-gaap	Self Insurance Reserve SelfInsuranceReserve	158584000	USD
CY2017Q1	us-gaap	Self Insurance Reserve SelfInsuranceReserve	159882000	USD
CY2017Q2	us-gaap	Self Insurance Reserve SelfInsuranceReserve	156505000	USD
CY2017Q4	us-gaap	Self Insurance Reserve SelfInsuranceReserve	177695000	USD
CY2018Q1	us-gaap	Self Insurance Reserve SelfInsuranceReserve	180695000	USD
CY2018Q2	us-gaap	Self Insurance Reserve SelfInsuranceReserve	176715000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	103917000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	196806000	USD
CY2018Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	113231000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	208955000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	7037000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	8795000	USD
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	7910570	shares
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	18.16
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	16208	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	0	shares
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	91800000	USD
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	9265240	shares
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8851970	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	17.64
CY2018Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	17.90
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	12.02
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	15.47
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.00
CY2018Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	81800000	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	P3Y9M01D
CY2016Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	56682000	USD
CY2017Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	57710000	USD
CY2017Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	60037000	USD
CY2017Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	69798000	USD
CY2018Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	71845000	USD
CY2018Q2	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	76404000	USD
CY2017Q2	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	6457000	USD
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	12569000	USD
CY2018Q2	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	5330000	USD
	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	11047000	USD
CY2017Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	8784000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	15924000	USD
CY2018Q2	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	9889000	USD
	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	17653000	USD
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	397062	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	4771000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	1926311000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	1914643000	USD
CY2017Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	16874000	USD
CY2018Q2	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	10497000	USD
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	541380000	USD
CY2018Q2	us-gaap	Treasury Stock Value TreasuryStockValue	548365000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	6787000	USD
CY2017Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	200000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	285000	USD
CY2018Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	310000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	USD
CY2017Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	200000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	285000	USD
CY2018Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	310000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	0	USD
CY2017Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	100000	USD
CY2018Q2	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	200000	USD
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	3300000	USD
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	97732000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	96975000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	101159000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87370000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	85445000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	85285000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	87581000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	87370000	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 FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue guidance in Accounting Standards Codification Topic 605, “Revenue Recognition,” most industry-specific revenue and cost guidance throughout the industry topics of the accounting standards codification, and some cost guidance related to construction-type and production-type contracts. 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. The guidance provides a principles-based, five-step model to be applied to contracts with customers in determining the timing and amount of revenue to recognize: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract, if applicable; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. </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;">ASU 2014-09 and its related amendments (collectively, “ASC 606”) are effective for us beginning December 1, 2018. We intend to adopt ASC 606 under the modified retrospective method applied to contracts that are not complete as of the date of adoption. As a result, we expect to record a cumulative adjustment to beginning retained earnings as of December 1, 2018. We do not expect the adoption of ASC 606 to have a material impact on our recognition of homebuilding revenues in our consolidated financial statements. The primary impacts to our consolidated financial statements are expected to be the following:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Within our homebuilding operations, ASC 606 will impact the classification and timing of recognition in our consolidated financial statements of certain community sales office, model and other marketing-related costs, which we currently capitalize to inventories and amortize through construction and land costs with each home delivered in a community. Under ASC 606, these costs will be capitalized to property and equipment and depreciated to selling, general and administrative expenses, or will be expensed when incurred. Upon adopting ASC 606, we will reclassify certain of these community sales office, model and other marketing-related costs from inventories to property and equipment in our consolidated financial statements. The change in the classification and timing of these costs will also result in lower construction and land costs, and higher selling, general and administrative expenses, as compared to amounts reported under the existing guidance. In addition, under ASC 606, forfeited customer deposits, which are currently reflected as other income, will be included in revenues. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Within our financial services operations, ASC 606 will impact the timing of recognition of insurance commissions for insurance policy renewals. We currently recognize insurance commissions for renewals as revenue only when policies are renewed. Under ASC 606, insurance commissions for estimated future renewals will be recognized as revenue when the customer executes an initial insurance policy with the insurance carrier. Upon adopting ASC 606, we will record a contract asset for the revenues that would have been recognized in previous periods for existing policies as of December 1, 2018.</font></div></td></tr></table><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;">We are in the process of quantifying the above-mentioned items. While individual financial statement line items may be affected, we currently believe the adoption of ASC 606 will not have a material impact on our consolidated net income. We are also continuing to evaluate the impact that adopting this guidance may have on other aspects of our business. </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, “Leases (Topic 842)” (“ASU 2016-02”). 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 this guidance, 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. ASU 2016-02 is effective for us beginning December 1, 2019 (with early adoption permitted), and 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 February 2018, the FASB issued Accounting Standards Update No. 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (“ASU 2018-02”), which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act (“TCJA”), and requires certain disclosures about stranded tax effects. ASU 2018-02 is effective for us beginning December 1, 2019 (with early adoption permitted), and shall be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the corporate income tax rate in the TCJA is recognized. 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 June 2018, the FASB issued Accounting Standards Update No. 2018-07, “Compensation — Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting” (“ASU 2018-07”), which expands the scope of Topic 718 to include all share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 specifies that Topic 718 applies to all share-based payment transactions in which the grantor acquires goods and services to be used or consumed in its own operations by issuing share-based payment awards. ASU 2018-07 also clarifies that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under ASC 606. ASU 2018-07 is effective for us beginning December 1, 2019, with early adoption permitted, but no earlier than our adoption of ASC 606. We are currently evaluating the potential impact of adopting this guidance on our consolidated financial statements</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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kbh-05312018x10q.htm	Edgar Link	pending
kbh-05312018xexhibitx311.htm	Edgar Link	pending
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2018 Q2 Form 10-Q Financial Statement

#000079526618000067 Filed on July 06, 2018

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