2014 Q2 Form 10-Q Financial Statement
#000144530514002751 Filed on July 03, 2014
Income Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| Revenue | $1.819B | $1.427B |
| YoY Change | 27.46% | 53.4% |
| Cost Of Revenue | $1.591B | $1.232B |
| YoY Change | 29.07% | 47.99% |
| Gross Profit | $228.2M | $194.6M |
| YoY Change | 17.27% | 99.59% |
| Gross Profit Margin | 12.55% | 13.64% |
| Selling, General & Admin | $38.30M | $33.90M |
| YoY Change | 12.98% | 16.1% |
| % of Gross Profit | 16.78% | 17.42% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $8.800M | $7.400M |
| YoY Change | 18.92% | 51.02% |
| % of Gross Profit | 3.86% | 3.8% |
| Operating Expenses | $32.50M | $25.20M |
| YoY Change | 28.97% | 41.57% |
| Operating Profit | $241.9M | $196.1M |
| YoY Change | 23.35% | 141.34% |
| Interest Expense | $7.900M | -$7.100M |
| YoY Change | -211.27% | -74.28% |
| % of Operating Profit | 3.27% | -3.62% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $203.6M | $162.3M |
| YoY Change | 25.47% | 211.48% |
| Income Tax | $81.01M | $19.49M |
| % Of Pretax Income | 39.78% | 12.01% |
| Net Earnings | $137.7M | $137.4M |
| YoY Change | 0.21% | -69.64% |
| Net Earnings / Revenue | 7.57% | 9.63% |
| Basic Earnings Per Share | $0.67 | $0.71 |
| Diluted Earnings Per Share | $0.61 | $0.61 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding | 228.0M shares | 226.7M shares |
Balance Sheet
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $960.0M | $819.0M |
| YoY Change | 17.22% | 7.76% |
| Cash & Equivalents | $960.2M | $891.7M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | $7.395B | $5.831B |
| Prepaid Expenses | ||
| Receivables | $204.0M | $60.00M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $8.559B | $6.710B |
| YoY Change | 27.56% | 19.74% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $77.00M | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $1.425B | $845.0M |
| YoY Change | 68.64% | 17.85% |
| Other Assets | $136.0M | $9.000M |
| YoY Change | 1411.11% | 0.0% |
| Total Long-Term Assets | $3.436B | $3.784B |
| YoY Change | -9.21% | 0.99% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $8.559B | $6.710B |
| Total Long-Term Assets | $3.436B | $3.784B |
| Total Assets | $11.99B | $10.49B |
| YoY Change | 14.3% | 12.22% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $316.0M | $228.0M |
| YoY Change | 38.6% | 47.1% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $316.0M | $228.0M |
| YoY Change | 38.6% | 47.1% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $5.727B | $5.133B |
| YoY Change | 11.57% | 18.6% |
| Other Long-Term Liabilities | $1.034B | $1.088B |
| YoY Change | -4.96% | -0.09% |
| Total Long-Term Liabilities | $6.761B | $6.221B |
| YoY Change | 8.68% | 14.84% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $316.0M | $228.0M |
| Total Long-Term Liabilities | $6.761B | $6.221B |
| Total Liabilities | $7.103B | $6.449B |
| YoY Change | 10.14% | 15.76% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $2.253B | $1.785B |
| YoY Change | 26.26% | 26.67% |
| Common Stock | $2.199B | $2.396B |
| YoY Change | -8.22% | 1.36% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $73.78M | $615.8M |
| YoY Change | -88.02% | 0.01% |
| Treasury Stock Shares | ||
| Shareholders Equity | $4.399B | $3.586B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $11.99B | $10.49B |
| YoY Change | 14.3% | 12.22% |
Cashflow Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $137.7M | $137.4M |
| YoY Change | 0.21% | -69.64% |
| Depreciation, Depletion And Amortization | $8.800M | $7.400M |
| YoY Change | 18.92% | 51.02% |
| Cash From Operating Activities | -$327.1M | -$288.4M |
| YoY Change | 13.42% | 254.3% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$4.700M | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $117.3M | $140.7M |
| YoY Change | -16.63% | 554.42% |
| Cash From Investing Activities | $112.6M | $142.0M |
| YoY Change | -20.7% | 560.47% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 300.4M | -204.0M |
| YoY Change | -247.25% | 507.14% |
| NET CHANGE | ||
| Cash From Operating Activities | -327.1M | -288.4M |
| Cash From Investing Activities | 112.6M | 142.0M |
| Cash From Financing Activities | 300.4M | -204.0M |
| Net Change In Cash | 85.90M | -350.4M |
| YoY Change | -124.51% | 274.76% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$327.1M | -$288.4M |
| Capital Expenditures | -$4.700M | |
| Free Cash Flow | -$322.4M | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0752 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.3703 | ||
| us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
8317000 | USD | |
| us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
0 | USD | |
| CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2199138000 | USD |
| CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2721246000 | USD |
| us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-924278000 | USD | |
| us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-809665000 | USD | |
| us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
-38636000 | USD | |
| us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
-282000 | USD | |
| us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
-8435000 | USD | |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
10577000 | USD | |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
11268000 | USD | |
| CY2014Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares | |
| CY2013Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| CY2013Q4 | us-gaap |
Assets
Assets
|
11273247000 | USD |
| CY2014Q2 | us-gaap |
Assets
Assets
|
11994626000 | USD |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
960239000 | USD |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
970505000 | USD |
| CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
891677000 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1310743000 | USD |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-419066000 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-10266000 | USD | |
| CY2013Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.04 | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.08 | ||
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.08 | ||
| CY2014Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.04 | |
| CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
137719000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
215836000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
194928000 | USD | |
| CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
137436000 | USD |
| CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-15102000 | USD |
| CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
5362000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
4828000 | USD | |
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-13254000 | USD | |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
2191491000 | USD | |
| CY2013Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
1266170000 | USD |
| CY2014Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
1628836000 | USD |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
2865293000 | USD | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
99683000 | USD | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
6174000 | USD | |
| CY2013Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
376800000 | USD |
| CY2014Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
279971000 | USD |
| CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
88100000 | USD |
| CY2014Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
2392000 | USD |
| CY2014Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
129605000 | USD |
| CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
143600000 | USD |
| CY2013Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12706000 | USD |
| CY2014Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12706000 | USD |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
16645000 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13739000 | USD | |
| 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%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">New Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2011, the FASB issued ASU 2011-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Disclosures about Offsetting Assets and Liabilities,</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2011-11”). which requires entities to disclose information about offsetting and related arrangements of financial instruments and derivative instruments. In January 2013, this guidance was amended by ASU 2013-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Clarifying the Scope of Disclosures about Offsetting assets and Liabilities </font><font style="font-family:inherit;font-size:10pt;">("ASU 2013-01"). ASU 2013-01 limits the scope of ASU 2011-11 to certain derivatives, repurchase and reverse repurchase agreements, and securities borrowing and lending transactions. The guidance was effective for the Company's fiscal year beginning December 1, 2013 and subsequent interim periods. The adoption of this guidance, which is related to disclosure only, did not have a material effect on the Company’s condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2013, the FASB issued ASU 2013-04, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Liabilities,</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2013-04”). ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date. ASU 2013-04 will be effective for the Company’s fiscal year beginning December 1, 2014 and subsequent interim periods. The adoption of ASU 2013-04 is not expected to have a material effect on the Company’s condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2013, the FASB issued ASU 2013-08, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investment Companies</font><font style="font-family:inherit;font-size:10pt;">, (</font><font style="font-family:inherit;font-size:10pt;">“</font><font style="font-family:inherit;font-size:10pt;">ASU 2013-08</font><font style="font-family:inherit;font-size:10pt;">”</font><font style="font-family:inherit;font-size:10pt;">), which amends the criteria for an entity to qualify as an investment company under ASC 946, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Services - Investment Companies,</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;">“</font><font style="font-family:inherit;font-size:10pt;">ASC 946</font><font style="font-family:inherit;font-size:10pt;">”</font><font style="font-family:inherit;font-size:10pt;">)</font><font style="font-family:inherit;font-size:10pt;">. While ASU 2013-08 is not expected to significantly change which entities qualify for the specialized investment company accounting in ASC 946, it (1) introduces new disclosure requirements that apply to all investment companies and (2) amends the measurement criteria for certain interests in other investment companies. ASU 2013-08 also amends the requirements in ASC 810 related to qualifying for the “investment company deferral” as well as the requirements in ASC 820, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement</font><font style="font-family:inherit;font-size:10pt;">, related to qualifying for the “net asset value practical expedient.” ASU 2013-08 was effective for the Company’s second fiscal quarter beginning March 1, 2014. The adoption of ASU 2013-08 did not have a material effect on the Company’s condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2013, the FASB issued ASU 2013-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a similar Tax Loss, or a Tax Credit Carryforward Exists,</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2013-11”). ASU 2013-11 is intended to end inconsistent practices regarding the presentation of a unrecognized tax benefits when a net operating loss ("NOL"), a similar tax loss or a tax credit carryforward is available to reduce the taxable income or tax payable that would result from the dis- allowance of a tax position. ASU 2013-11 will be effective for the Company’s fiscal year beginning December 1, 2014 and subsequent interim periods. The adoption of ASU 2013-11 is not expected to have a material effect on the Company’s condensed consolidated financial statements. </font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2014, the FASB issued ASU 2014-08, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of Financial Statements and Property, Plant, and Equipment:</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, </font><font style="font-family:inherit;font-size:10pt;">(“ASU 2014-08”). ASU 2014-08 is intended to change the criteria for reporting discontinued operations and enhance disclosures in this area. Under the new guidance, only disposals representing a strategic shift in operations that has a major effect on the entity's operations and financial results should be presented as discontinued operations. If the disposal does qualify as a discontinued operation, the entity will be required to provide expanded disclosures, as well as disclosure of the pretax income attributable to the disposal of a significant part of an entity that does not qualify as a discontinued operation. ASU 2014-08 will be effective for the Company’s fiscal year beginning December 1, 2014 and subsequent interim periods. The adoption of ASU 2014-08 is not expected to have a material effect on the Company’s condensed consolidated financial statements. </font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers,</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2014-09”). ASU 2014-09 provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU No. 2014-09 will require an entity to recognize revenue when it transfers 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. This update creates a five-step model that requires entities to exercise judgment when considering the terms of the contract(s) which include (i) identifying the contract(s) with the customer, (ii) identifying the separate performance obligations in the contract, (iii) determining the transaction price, (iv) allocating the transaction price to the separate performance obligations, and (v) recognizing revenue when each performance obligation is satisfied. ASU 2014-09 will be effective for the Company’s fiscal year beginning December 1, 2017 and subsequent interim periods The Company has the option to apply the provisions of ASU 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of applying this ASU recognized at the date of initial application. Early adoption is not permitted. The Company is currently evaluating the method and impact the adoption of ASU 2014-09 will have on the Company's condensed consolidated financial statements.</font></div></div> | ||
| us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
16355000 | USD | |
| us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
15390000 | USD | |
| CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.67 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.06 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.01 | ||
| CY2013Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.71 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.95 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.88 | ||
| CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | |
| CY2013Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | |
| CY2013Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.1242 | |
| CY2014Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.3704 | |
| CY2014Q2 | us-gaap |
Escrow Deposit
EscrowDeposit
|
210626000 | USD |
| CY2013Q4 | us-gaap |
Escrow Deposit
EscrowDeposit
|
172317000 | USD |
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
8240000 | USD | |
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
282000 | USD | |
| us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
282000 | USD | |
| us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
8240000 | USD | |
| us-gaap |
Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
|
0.20 | ||
| CY2013Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
33853000 | USD |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
76429000 | USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
65123000 | USD | |
| CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
38317000 | USD |
| CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
203630000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
329506000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
215610000 | USD | |
| CY2013Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
162289000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
126924000 | USD | |
| CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
81013000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
15854000 | USD | |
| CY2013Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
19491000 | USD |
| us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
63071000 | USD | |
| us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-22346000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
16852000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
65733000 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
952662000 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
981096000 | USD | |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
24262000 | USD | |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
31872000 | USD | |
| us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
0 | USD | |
| us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
478000 | USD | |
| us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
798000 | USD | |
| us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
13193000 | USD | |
| us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
25835000 | shares | |
| CY2013Q2 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
36306000 | shares |
| CY2014Q2 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
26001000 | shares |
| us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
36101000 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
9000 | shares | |
| CY2013Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
339000 | shares |
| CY2014Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
9000 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
456000 | shares | |
| us-gaap |
Interest Expense Other
InterestExpenseOther
|
22978000 | USD | |
| us-gaap |
Interest Expense Other
InterestExpenseOther
|
51140000 | USD | |
| CY2014Q2 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
10287000 | USD |
| CY2013Q2 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
25109000 | USD |
| us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
5651000 | USD | |
| us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
3964000 | USD | |
| CY2013Q2 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
2826000 | USD |
| CY2014Q2 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
1982000 | USD |
| CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
6645777000 | USD |
| CY2014Q2 | us-gaap |
Liabilities
Liabilities
|
7103319000 | USD |
| CY2014Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11994626000 | USD |
| CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11273247000 | USD |
| CY2014Q2 | us-gaap |
Minority Interest
MinorityInterest
|
491963000 | USD |
| CY2013Q4 | us-gaap |
Minority Interest
MinorityInterest
|
458569000 | USD |
| us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
-63500000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-211169000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
523524000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
402012000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
187906000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-721696000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-609909000 | USD | |
| CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
137436000 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
215836000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
194928000 | USD | |
| CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
137719000 | USD |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
4828000 | USD | |
| CY2014Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-15102000 | USD |
| CY2013Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
5362000 | USD |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-13254000 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
213253000 | USD | |
| CY2013Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
135587000 | USD |
| CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
136081000 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
192319000 | USD | |
| CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
138216000 | USD |
| CY2013Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
138660000 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
198290000 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
217443000 | USD | |
| CY2013Q4 | us-gaap |
Notes Payable
NotesPayable
|
4194432000 | USD |
| CY2014Q2 | us-gaap |
Notes Payable
NotesPayable
|
4683438000 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
405935000 | USD | |
| CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
196142000 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
280733000 | USD | |
| CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
241947000 | USD |
| CY2013Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
10633000 | USD |
| CY2014Q2 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
10633000 | USD |
| CY2013Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
489602000 | USD |
| CY2014Q2 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
469646000 | USD |
| CY2013Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
102000 | USD |
| us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
195000 | USD | |
| CY2014Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
97000 | USD |
| us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
204000 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-8798000 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
15959000 | USD | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
83000 | USD | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
566000 | USD | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
5117000 | USD | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
7725000 | USD | |
| us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
16355000 | USD | |
| us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
15390000 | USD | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-4808000 | USD | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD | |
| us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
72737000 | USD | |
| us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
168176000 | USD | |
| CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2014Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| 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:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts in the condensed consolidated financial statements have been reclassified to conform with the 2014 presentation. These reclassifications had no impact on the Company's results of operations. As a result of the Company's change in reportable segments in the Company's Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">November 30, 2013</font><font style="font-family:inherit;font-size:10pt;"> to include Lennar Multifamily, the Company revised the presentation of certain prior year amounts in the condensed consolidated financial statements to conform with the 2014 presentation.</font></div></div> | ||
| us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
671130000 | USD | |
| us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
494883000 | USD | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
29620000 | USD | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
13302000 | USD | |
| us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
500000000 | USD | |
| us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
500500000 | USD | |
| us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
575000 | USD | |
| us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
11933000 | USD | |
| us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
26933000 | USD | |
| us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
65500000 | USD | |
| us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-5870000 | USD | |
| us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-314597000 | USD | |
| us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-130244000 | USD | |
| us-gaap |
Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
|
-40130000 | USD | |
| CY2014Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
101097000 | USD |
| CY2014Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
105699000 | USD |
| CY2013Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
102580000 | USD |
| CY2013Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
90242000 | USD |
| CY2012Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
84188000 | USD |
| CY2013Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
85208000 | USD |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-27429000 | USD | |
| CY2014Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
13434000 | USD |
| CY2013Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
12048000 | USD |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
-22736000 | USD | |
| CY2013Q2 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
4960000 | USD |
| CY2014Q2 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
3456000 | USD |
| us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
5576000 | USD | |
| us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
7909000 | USD | |
| us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
24972000 | USD | |
| CY2013Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
12122000 | USD |
| us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
20881000 | USD | |
| CY2014Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
14580000 | USD |
| us-gaap |
Profit Loss
ProfitLoss
|
202582000 | USD | |
| CY2014Q2 | us-gaap |
Profit Loss
ProfitLoss
|
122617000 | USD |
| CY2013Q2 | us-gaap |
Profit Loss
ProfitLoss
|
142798000 | USD |
| us-gaap |
Profit Loss
ProfitLoss
|
199756000 | USD | |
| us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
157177000 | USD | |
| us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
105630000 | USD | |
| us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
63001000 | USD | |
| us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
0 | USD | |
| us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
17251000 | USD | |
| us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
13161000 | USD | |
| CY2013Q2 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
6675000 | USD |
| CY2014Q2 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
8512000 | USD |
| CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2253374000 | USD |
| CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2053893000 | USD |
| us-gaap |
Revenues
Revenues
|
2417124000 | USD | |
| CY2013Q2 | us-gaap |
Revenues
Revenues
|
1426881000 | USD |
| us-gaap |
Revenues
Revenues
|
3181840000 | USD | |
| CY2014Q2 | us-gaap |
Revenues
Revenues
|
1818745000 | USD |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
17291000 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13194000 | USD | |
| CY2014Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8550000 | USD |
| CY2013Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6708000 | USD |
| us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
500000 | shares | |
| us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
100000 | shares | |
| CY2014Q2 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
38000 | USD |
| CY2013Q2 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
33000 | USD |
| us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
40000 | USD | |
| us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
33000 | USD | |
| CY2014Q2 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
20000000 | shares |
| CY2014Q2 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
6200000 | shares |
| us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares | |
| CY2014Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
| us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares | |
| CY2013Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
| CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4168901000 | USD |
| CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4399344000 | USD |
| CY2013Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4627470000 | USD |
| CY2014Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4891307000 | USD |
| CY2013Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4044839000 | USD |
| CY2012Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4001208000 | USD |
| us-gaap |
Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
|
USD | ||
| CY2014Q2 | us-gaap |
Treasury Stock Shares Retired
TreasuryStockSharesRetired
|
11726000 | shares |
| CY2014Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
73780000 | USD |
| CY2013Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
628019000 | USD |
| CY2013Q2 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
1747000 | USD |
| us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
2388000 | USD | |
| us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
2405000 | USD | |
| CY2014Q2 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
1541000 | USD |
| CY2014Q2 | us-gaap |
Undistributed Earnings Diluted
UndistributedEarningsDiluted
|
1541000 | USD |
| CY2013Q2 | us-gaap |
Undistributed Earnings Diluted
UndistributedEarningsDiluted
|
1747000 | USD |
| us-gaap |
Undistributed Earnings Diluted
UndistributedEarningsDiluted
|
2405000 | USD | |
| us-gaap |
Undistributed Earnings Diluted
UndistributedEarningsDiluted
|
2388000 | USD | |
| CY2013Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
10459000 | USD |
| CY2014Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
10459000 | USD |
| CY2014Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
27312000 | USD |
| CY2013Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
19124000 | USD |
| us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
8496000 | USD | |
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</font></div></div> | ||
| CY2013Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
1195347000 | USD |
| CY2014Q2 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
1037986000 | USD |
| CY2013Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
294768000 | USD |
| CY2014Q2 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
145810000 | USD |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
226336000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
227821000 | shares | |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
228010000 | shares |
| CY2013Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
226655000 | shares |
| us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
201977000 | shares | |
| CY2013Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
190010000 | shares |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
202000000 | shares |
| us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
189779000 | shares | |
| CY2014Q2 | len |
Active Communities
ActiveCommunities
|
578 | |
| CY2013Q2 | len |
Active Communities
ActiveCommunities
|
492 | |
| CY2014Q2 | len |
Consolidated Vies Inventory Homes Under Construction
ConsolidatedViesInventoryHomesUnderConstruction
|
200000 | USD |
| len |
Decreases In Consolidated Inventory Not Owned
DecreasesInConsolidatedInventoryNotOwned
|
172737000 | USD | |
| len |
Decreasesinaccruedinterestandpenalties
Decreasesinaccruedinterestandpenalties
|
300000 | USD | |
| CY2014Q2 | len |
Decreasesinaccruedinterestandpenalties
Decreasesinaccruedinterestandpenalties
|
300000 | USD |
| len |
Distributions Of Capital From Subsidiaries
DistributionsOfCapitalFromSubsidiaries
|
0 | USD | |
| len |
Distributions Of Earnings From Subsidiaries
DistributionsOfEarningsFromSubsidiaries
|
0 | USD | |
| len |
Distributions Of Earnings From Subsidiaries
DistributionsOfEarningsFromSubsidiaries
|
0 | USD | |
| len |
Employee And Director Plan
EmployeeAndDirectorPlan
|
13429000 | USD | |
| len |
Employee And Director Plan
EmployeeAndDirectorPlan
|
30134000 | USD | |
| CY2014Q2 | len |
Equity In Income Loss From Subsidiaries
EquityInIncomeLossFromSubsidiaries
|
USD | |
| CY2013Q2 | len |
Equity In Income Loss From Subsidiaries
EquityInIncomeLossFromSubsidiaries
|
USD | |
| len |
Equity In Income Loss From Subsidiaries
EquityInIncomeLossFromSubsidiaries
|
USD | ||
| len |
Equity In Income Loss From Subsidiaries
EquityInIncomeLossFromSubsidiaries
|
USD | ||
| len |
Escrow Deposit Period
EscrowDepositPeriod
|
P3D | ||
| len |
Exercise Of Land Option Contracts From Unconsolidated Land Investment Venture
ExerciseOfLandOptionContractsFromUnconsolidatedLandInvestmentVenture
|
1540000 | USD | |
| len |
Exercise Of Land Option Contracts From Unconsolidated Land Investment Venture
ExerciseOfLandOptionContractsFromUnconsolidatedLandInvestmentVenture
|
19857000 | USD | |
| CY2014Q2 | len |
Guarantee By Subsidiaries
GuaranteeBySubsidiaries
|
75000000 | USD |
| len |
Income Tax Expense
IncomeTaxExpense
|
82292000 | USD | |
| CY2013Q2 | len |
Income Tax Expense
IncomeTaxExpense
|
60817000 | USD |
| len |
Intercompany Financing
IntercompanyFinancing
|
USD | ||
| len |
Intercompany Financing
IntercompanyFinancing
|
USD | ||
| len |
Intercompany Investing
IntercompanyInvesting
|
0 | USD | |
| len |
Intercompany Investing
IntercompanyInvesting
|
0 | USD | |
| CY2014Q2 | len |
Loan Origination Liabilities
LoanOriginationLiabilities
|
9774000 | USD |
| CY2013Q2 | len |
Loan Origination Liabilities
LoanOriginationLiabilities
|
8257000 | USD |
| CY2012Q4 | len |
Loan Origination Liabilities
LoanOriginationLiabilities
|
7250000 | USD |
| CY2013Q4 | len |
Loan Origination Liabilities
LoanOriginationLiabilities
|
9311000 | USD |
| len |
Loan Origination Liabilities Payments Or Settlements
LoanOriginationLiabilitiesPaymentsOrSettlements
|
290000 | USD | |
| len |
Loan Origination Liabilities Payments Or Settlements
LoanOriginationLiabilitiesPaymentsOrSettlements
|
279000 | USD | |
| len |
Net Disposals Additions Of Operating Properties And Equipment
NetDisposalsAdditionsOfOperatingPropertiesAndEquipment
|
-8212000 | USD | |
| len |
Net Disposals Additions Of Operating Properties And Equipment
NetDisposalsAdditionsOfOperatingPropertiesAndEquipment
|
-2979000 | USD | |
| len |
Net Payments Receipts To From Noncontrolling Interest
NetPaymentsReceiptsToFromNoncontrollingInterest
|
-60804000 | USD | |
| len |
Net Payments Receipts To From Noncontrolling Interest
NetPaymentsReceiptsToFromNoncontrollingInterest
|
-167601000 | USD | |
| len |
Non Cash Activity Related To Noncontrolling Interests
NonCashActivityRelatedToNoncontrollingInterests
|
430000 | USD | |
| len |
Noncashconsolidateddeconsolidatedinventories
Noncashconsolidateddeconsolidatedinventories
|
155021000 | USD | |
| len |
Noncashconsolidateddeconsolidatedinventories
Noncashconsolidateddeconsolidatedinventories
|
0 | USD | |
| len |
Noncashconsolidateddeconsolidatedinvestmentsinunconsolidatedentities
Noncashconsolidateddeconsolidatedinvestmentsinunconsolidatedentities
|
-30647000 | USD | |
| len |
Noncashconsolidateddeconsolidatedinvestmentsinunconsolidatedentities
Noncashconsolidateddeconsolidatedinvestmentsinunconsolidatedentities
|
0 | USD | |
| len |
Noncashconsolidateddeconsolidatednoncontrollinginterests
Noncashconsolidateddeconsolidatednoncontrollinginterests
|
0 | USD | |
| len |
Noncashconsolidateddeconsolidatednoncontrollinginterests
Noncashconsolidateddeconsolidatednoncontrollinginterests
|
-105906000 | USD | |
| len |
Noncashconsolidateddeconsolidatedotherassetsdisclosure
Noncashconsolidateddeconsolidatedotherassetsdisclosure
|
-18468000 | USD | |
| len |
Noncashconsolidateddeconsolidatedotherassetsdisclosure
Noncashconsolidateddeconsolidatedotherassetsdisclosure
|
0 | USD | |
| len |
Noncontrolling Interests Non Cash Consolidations
NoncontrollingInterestsNonCashConsolidations
|
107022000 | USD | |
| len |
Number Of Communities Assessed For Impairment
NumberOfCommunitiesAssessedForImpairment
|
33 | ||
| len |
Number Of Homesites Assessed For Impairment
NumberOfHomesitesAssessedForImpairment
|
1778 | ||
| CY2014Q2 | len |
Numberof Agreements
NumberofAgreements
|
2 | agreement |
| CY2013Q4 | len |
Numberof Agreements
NumberofAgreements
|
2 | agreement |
| CY2014Q2 | len |
Open Commitments To Sell Mbs
OpenCommitmentsToSellMbs
|
666000000 | USD |
| CY2013 | len |
Percent Of Combination
PercentOfCombination
|
1 | |
| len |
Provision For Loan Losses
ProvisionForLoanLosses
|
742000 | USD | |
| len |
Provision For Loan Losses
ProvisionForLoanLosses
|
773000 | USD | |
| len |
Provision For Losses Preexisting Increase Decrease
ProvisionForLossesPreexistingIncreaseDecrease
|
0 | USD | |
| len |
Provision For Losses Preexisting Increase Decrease
ProvisionForLossesPreexistingIncreaseDecrease
|
524000 | USD | |
| CY2013Q2 | len |
Sales Incentives
SalesIncentives
|
89891000 | USD |
| len |
Sales Incentives
SalesIncentives
|
177370000 | USD | |
| len |
Sales Incentives
SalesIncentives
|
163914000 | USD | |
| CY2014Q2 | len |
Sales Incentives
SalesIncentives
|
100917000 | USD |
| len |
Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
|
20700 | USD | |
| CY2014Q2 | len |
Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
|
20300 | USD |
| len |
Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
|
21500 | USD | |
| CY2013Q2 | len |
Sales Incentives Per Home Delivered
SalesIncentivesPerHomeDelivered
|
20200 | USD |
| len |
Undistributed Earnings Reallocated Diluted
UndistributedEarningsReallocatedDiluted
|
2162000 | USD | |
| CY2014Q2 | len |
Undistributed Earnings Reallocated Diluted
UndistributedEarningsReallocatedDiluted
|
1388000 | USD |
| len |
Undistributed Earnings Reallocated Diluted
UndistributedEarningsReallocatedDiluted
|
2085000 | USD | |
| CY2013Q2 | len |
Undistributed Earnings Reallocated Diluted
UndistributedEarningsReallocatedDiluted
|
1500000 | USD |
| CY2014Q2 | len |
Variable Interest Entities Letters Of Credit
VariableInterestEntitiesLettersOfCredit
|
25538000 | USD |
| CY2013Q4 | len |
Variable Interest Entities Letters Of Credit
VariableInterestEntitiesLettersOfCredit
|
29865000 | USD |
| CY2013Q4 | len |
Variable Interest Entities Non Refundable Option Deposits And Pre Acquisition Costs
VariableInterestEntitiesNonRefundableOptionDepositsAndPreAcquisitionCosts
|
129195000 | USD |
| CY2014Q2 | len |
Variable Interest Entities Non Refundable Option Deposits And Pre Acquisition Costs
VariableInterestEntitiesNonRefundableOptionDepositsAndPreAcquisitionCosts
|
72720000 | 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
|
2014 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-05-31 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000920760 | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
LENNAR CORP /NEW/ |
