2014 Q4 Form 10-K Financial Statement

#000158067016000172 Filed on March 09, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $108.4M $92.52M $106.4M
YoY Change 65.5% 143.19% 184.99%
Cost Of Revenue $78.80M $67.26M $78.02M
YoY Change 51.25% 148.33% 196.36%
Gross Profit $29.60M $25.26M $28.40M
YoY Change 128.86% 153.82% 178.56%
Gross Profit Margin 27.31% 27.3% 26.68%
Selling, General & Admin $18.10M $15.35M $14.52M
YoY Change 61.61% 100.94% 123.02%
% of Gross Profit 61.15% 60.78% 51.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $100.0K $100.0K
YoY Change 200.0% 0.0% 0.0%
% of Gross Profit 1.01% 0.4% 0.35%
Operating Expenses $18.10M $15.35M $14.52M
YoY Change 61.61% 100.94% 123.02%
Operating Profit $11.50M $9.906M $13.87M
YoY Change 563.26% 87.12% 169.17%
Interest Expense $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
% of Operating Profit 0.0% 0.0% 0.0%
Other Income/Expense, Net $0.00 $600.0K $0.00
YoY Change -100.0%
Pretax Income $11.57M $10.53M $13.90M
YoY Change 16.71% 99.24% 172.52%
Income Tax $4.000M $3.488M $4.867M
% Of Pretax Income 34.56% 33.11% 35.0%
Net Earnings $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Net Earnings / Revenue 0.0% 0.0% 0.0%
Basic Earnings Per Share $0.37 $0.34 $0.44
Diluted Earnings Per Share $0.34 $0.34 $0.43
COMMON SHARES
Basic Shares Outstanding 20.76M shares 20.76M shares 20.76M shares
Diluted Shares Outstanding 20.88M shares 20.87M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.40M $46.20M $42.90M
YoY Change -41.96% 391.49% 182.24%
Cash & Equivalents $31.37M $46.16M $42.85M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $367.9M $292.0M $220.6M
Prepaid Expenses
Receivables $7.400M $9.700M $9.200M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $406.7M $347.9M $272.7M
YoY Change 101.84% 343.18% 301.03%
LONG-TERM ASSETS
Property, Plant & Equipment $1.610M $1.373M $1.195M
YoY Change 90.53% 96.14% 32.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.60M $13.20M $13.80M
YoY Change 129.09% 116.39% 236.59%
Total Long-Term Assets $31.43M $31.80M $31.41M
YoY Change 61.08% 137.34% 166.14%
TOTAL ASSETS
Total Short-Term Assets $406.7M $347.9M $272.7M
Total Long-Term Assets $31.43M $31.80M $31.41M
Total Assets $438.1M $379.7M $304.1M
YoY Change 98.24% 313.17% 281.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.50M $15.40M $19.40M
YoY Change 10.71% 140.63% 203.13%
Accrued Expenses $15.50M $5.700M $4.000M
YoY Change 269.05% 21.28% 33.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $93.90M
YoY Change -100.0% 330.73%
Total Short-Term Liabilities $32.40M $22.30M $119.5M
YoY Change -41.41% -42.82% 281.79%
LONG-TERM LIABILITIES
Long-Term Debt $216.1M $160.2M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $4.400M $10.90M $5.600M
YoY Change 214.29%
Total Long-Term Liabilities $220.5M $171.1M $5.600M
YoY Change 15650.0% 330.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.40M $22.30M $119.5M
Total Long-Term Liabilities $220.5M $171.1M $5.600M
Total Liabilities $255.6M $193.4M $125.1M
YoY Change 351.35% 256.8% 162.22%
SHAREHOLDERS EQUITY
Retained Earnings $35.32M $27.79M $20.74M
YoY Change 396.78%
Common Stock $208.0K $208.0K $208.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.55M
YoY Change
Treasury Stock Shares 1.000M shares
Shareholders Equity $182.5M $186.3M $179.0M
YoY Change
Total Liabilities & Shareholders Equity $438.1M $379.7M $304.1M
YoY Change 98.24% 313.17% 281.08%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Depreciation, Depletion And Amortization $300.0K $100.0K $100.0K
YoY Change 200.0% 0.0% 0.0%
Cash From Operating Activities -$43.60M -$62.10M -$26.10M
YoY Change 44.37% 469.72% 210.71%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$300.0K -$200.0K
YoY Change 100.0% 50.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$15.20M $0.00 $0.00
YoY Change -49.16% -100.0% -100.0%
Cash From Investing Activities -$15.60M -$300.0K -$200.0K
YoY Change -48.0% 200.0% -71.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 44.40M 65.70M 43.50M
YoY Change -57.63% 1163.46% 163.64%
NET CHANGE
Cash From Operating Activities -43.60M -62.10M -26.10M
Cash From Investing Activities -15.60M -300.0K -200.0K
Cash From Financing Activities 44.40M 65.70M 43.50M
Net Change In Cash -14.80M 3.300M 17.20M
YoY Change -133.18% -156.9% 132.43%
FREE CASH FLOW
Cash From Operating Activities -$43.60M -$62.10M -$26.10M
Capital Expenditures -$400.0K -$300.0K -$200.0K
Free Cash Flow -$43.20M -$61.80M -$25.90M
YoY Change 44.0% 477.57% 215.85%

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DeferredIncomeTaxExpenseBenefit
41000 USD
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4649000 USD
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
5307000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-23000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1741000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
43000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
44000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
108000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
84000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2685000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2726000 USD
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.65
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
8000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1964000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2581000 USD
CY2014Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
527000 USD
CY2015Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
536000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
373000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
176000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
913000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
3079000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Financing Arrangements
DeferredTaxLiabilitiesFinancingArrangements
2486000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
202000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
302000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
1018000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
2078000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
350000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
441000 USD
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
100000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
500000 USD
CY2015 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
1
CY2015 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03
CY2015 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
3000 USD
CY2015 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2013 us-gaap Depreciation
Depreciation
300000 USD
CY2014 us-gaap Depreciation
Depreciation
400000 USD
CY2015 us-gaap Depreciation
Depreciation
600000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
292000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
825000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
883000 USD
CY2014Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
9878000 USD
CY2015Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
7001000 USD
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.37
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0
CY2014Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
2434000 USD
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.22
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.43
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.34
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.34
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.44
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.047
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.345
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.342
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.004
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.03
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.031
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.020
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.099
CY2015Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
5573000 USD
CY2013 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4414000 USD
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2015 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
356000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
47000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-56000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-14000 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
9000 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13604000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23744000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34260000 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
19530000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
28396000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
25260000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
29601000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
31462000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
42573000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
46007000 USD
CY2015Q4 us-gaap Gross Profit
GrossProfit
46890000 USD
CY2015 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2013 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2013 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2014 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2015 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22803000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7067000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13904000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10534000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11574000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
43079000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11721000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21246000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23221000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24092000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
80280000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4287000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1066000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14868000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27450000 USD
CY2013Q4 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
200000 USD
CY2013 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
88000 USD
CY2014 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
1294000 USD
CY2015 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
2462000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7981000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
15078000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
28098000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
439000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1037000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1568000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
2256000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 USD
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
100000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
15200000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
23700000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5827000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1480000 USD
CY2014 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
6066000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
8812000 USD
CY2013 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
2705000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
9630000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3871000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1963000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9960000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
4031000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2752000 USD
CY2015 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
-2877000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
74595000 USD
CY2015Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
8083000 USD
CY2015Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
531228000 USD
CY2014Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
6978000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
198357000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
151707000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-286000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
617000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4795000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
463609 shares
CY2014 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
432957 shares
CY2015 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1298871 shares
CY2013Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
70675 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
103252 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
38478 shares
CY2014Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12481000 USD
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12234000 USD
CY2013 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1327000 USD
CY2014 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
6026000 USD
CY2015 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
14198000 USD
CY2013 us-gaap Interest Costs Incurred
InterestCostsIncurred
1378000 USD
CY2014 us-gaap Interest Costs Incurred
InterestCostsIncurred
6026000 USD
CY2015 us-gaap Interest Costs Incurred
InterestCostsIncurred
14198000 USD
CY2013 us-gaap Interest Expense
InterestExpense
51000 USD
CY2014 us-gaap Interest Expense
InterestExpense
0 USD
CY2015 us-gaap Interest Expense
InterestExpense
0 USD
CY2014 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
7000 USD
CY2015 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
190000 USD
CY2013 us-gaap Interest Paid
InterestPaid
1220000 USD
CY2014 us-gaap Interest Paid
InterestPaid
4109000 USD
CY2015 us-gaap Interest Paid
InterestPaid
9766000 USD
CY2014Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
60465000 USD
CY2015Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
93374000 USD
CY2014Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
55807000 USD
CY2015Q4 us-gaap Inventory Homes Under Construction
InventoryHomesUnderConstruction
109451000 USD
CY2014Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
367908000 USD
CY2014Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
244658000 USD
CY2015Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
320320000 USD
CY2014Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
9591000 USD
CY2015Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
6406000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
300000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
800000 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3400000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
255628000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
374944000 USD
CY2015Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
21600000 USD
CY2015 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-05-26
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
200000000.0 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
438127000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
622333000 USD
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
335400000 USD
CY2014 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2017-04-28
CY2014Q4 us-gaap Loans Receivable Basis Spread On Variable Rate
LoansReceivableBasisSpreadOnVariableRate
0.0275
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
216099000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
308192000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
85000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
230000000 USD
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2013Q4 us-gaap Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
400000 USD
CY2014Q4 us-gaap Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
7700000 USD
CY2015Q4 us-gaap Malpractice Loss Contingency Letters Of Credit And Surety Bonds
MalpracticeLossContingencyLettersOfCreditAndSuretyBonds
20800000 USD
CY2013 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3300000 USD
CY2014 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8600000 USD
CY2015 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
9300000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
132747000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
166879000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
96471000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31259000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16364000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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0 USD
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0 USD
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2535000 USD
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0 USD
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0 USD
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458000 USD
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0 USD
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0 USD
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0 USD
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15797000 USD
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0 USD
CY2015 us-gaap Proceeds From Minority Shareholders
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0 USD
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72932000 USD
CY2014 us-gaap Proceeds From Notes Payable
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232400000 USD
CY2015 us-gaap Proceeds From Notes Payable
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245382000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
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-1108000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
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35000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
CY2012Q4 us-gaap Product Warranty Accrual
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450000 USD
CY2013Q4 us-gaap Product Warranty Accrual
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630000 USD
CY2014Q4 us-gaap Product Warranty Accrual
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900000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1325000 USD
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ProductWarrantyAccrualAdditionsFromBusinessAcquisition
30000 USD
CY2014 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 USD
CY2015 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 USD
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614000 USD
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909000 USD
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1183000 USD
CY2013 us-gaap Product Warranty Accrual Warranties Issued
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764000 USD
CY2014 us-gaap Product Warranty Accrual Warranties Issued
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1179000 USD
CY2015 us-gaap Product Warranty Accrual Warranties Issued
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1608000 USD
us-gaap Profit Loss
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14627000 USD
CY2013Q4 us-gaap Profit Loss
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7110000 USD
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4594000 USD
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9037000 USD
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7046000 USD
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7534000 USD
CY2014 us-gaap Profit Loss
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7702000 USD
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2577000 USD
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1610000 USD
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35321000 USD
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25211000 USD
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3036000 USD
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383268000 USD
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43000 USD
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862000 USD
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2279000 USD
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4500000 USD
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47000 USD
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1000000 shares
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164374000 USD
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182499000 USD
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247389000 USD
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16.55
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1000000 shares
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1000000 shares
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CY2014Q4 us-gaap Treasury Stock Value
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16550000 USD
CY2015Q4 us-gaap Treasury Stock Value
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16550000 USD
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20834124 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21202967 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21740719 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20763449 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20666758 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19939761 shares
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and these differences could have a significant impact on the financial statements. The significant accounting estimates include real estate inventory and cost of sales, impairment of real estate inventory and property and equipment, goodwill, warranty reserves, our earnout liability, the fair value of the convertible debt, loss contingencies and our liability under our self-funded health benefit plan.</font></div></div>

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