$LGIH
LGI Homes, Inc.

2016 Q4 Form 10-K Financial Statement

#000158067018000011 Filed on February 27, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $236.8M $216.3M $222.7M
YoY Change 33.98% 24.34% 40.23%
Cost Of Revenue $172.5M $159.5M $163.6M
YoY Change 32.79% 24.65% 40.75%
Gross Profit $64.33M $56.82M $59.10M
YoY Change 37.19% 23.51% 38.81%
Gross Profit Margin 27.16% 26.27% 26.53%
Selling, General & Admin $30.00M $27.72M $28.36M
YoY Change 29.31% 20.75% 32.9%
% of Gross Profit 46.64% 48.79% 47.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0K $300.0K $200.0K
YoY Change -33.33% 50.0% 0.0%
% of Gross Profit 0.31% 0.53% 0.34%
Operating Expenses $30.00M $27.72M $28.36M
YoY Change 29.31% 20.75% 32.9%
Operating Profit $34.33M $29.10M $30.74M
YoY Change 44.91% 26.25% 44.75%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net $600.0K $400.0K $700.0K
YoY Change 50.0% 100.0%
Pretax Income $34.95M $29.49M $31.41M
YoY Change 45.06% 26.99% 47.83%
Income Tax $11.70M $10.02M $10.75M
% Of Pretax Income 33.48% 33.98% 34.22%
Net Earnings $23.21M $19.47M $20.66M
YoY Change 47.51% 26.25% 47.81%
Net Earnings / Revenue 9.8% 9.0% 9.28%
Basic Earnings Per Share $1.09 $0.92 $1.01
Diluted Earnings Per Share $1.01 $0.86 $0.96
COMMON SHARES
Basic Shares Outstanding 21.28M shares 21.06M shares 20.54M shares
Diluted Shares Outstanding 22.67M shares 21.49M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.50M $45.90M $49.70M
YoY Change 31.65% 25.75% 0.0%
Cash & Equivalents $49.52M $45.92M $49.67M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $717.7M $676.9M $609.9M
Prepaid Expenses
Receivables $17.10M $15.60M $15.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $784.3M $738.4M $674.7M
YoY Change 33.82% 43.99% 43.07%
LONG-TERM ASSETS
Property, Plant & Equipment $1.960M $2.037M $1.950M
YoY Change -7.02% -0.73% -6.07%
Goodwill $12.02M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00M $11.50M $12.70M
YoY Change 114.29% 45.57% 60.76%
Total Long-Term Assets $30.21M $30.21M $32.75M
YoY Change -7.32% -11.57% 3.8%
TOTAL ASSETS
Total Short-Term Assets $784.3M $738.4M $674.7M
Total Long-Term Assets $30.21M $30.21M $32.75M
Total Assets $814.5M $768.6M $707.4M
YoY Change 31.65% 40.52% 40.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.30M $18.60M $22.00M
YoY Change -48.75% -35.64% -10.93%
Accrued Expenses $36.40M $37.00M $31.20M
YoY Change 18.57% 51.02% 60.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.70M $75.80M $64.10M
YoY Change -11.82% 15.37% 28.97%
LONG-TERM LIABILITIES
Long-Term Debt $400.5M $354.9M $334.2M
YoY Change 31.48% 43.22% 39.31%
Other Long-Term Liabilities $4.900M $5.600M $5.900M
YoY Change 58.06% -28.21% -9.23%
Total Long-Term Liabilities $405.4M $360.5M $340.1M
YoY Change 31.75% 41.04% 38.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.70M $75.80M $64.10M
Total Long-Term Liabilities $405.4M $360.5M $340.1M
Total Liabilities $459.3M $438.1M $406.5M
YoY Change 23.7% 35.73% 36.37%
SHAREHOLDERS EQUITY
Retained Earnings $163.2M $140.0M $120.5M
YoY Change 85.12% 93.29% 111.42%
Common Stock $223.0K $223.0K $220.0K
YoY Change 4.69% 6.19% 5.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.55M $16.55M $16.55M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 1.000M shares 1.000M shares 1.000M shares
Shareholders Equity $355.2M $330.6M $300.9M
YoY Change
Total Liabilities & Shareholders Equity $814.5M $768.6M $707.4M
YoY Change 31.65% 40.52% 40.6%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $23.21M $19.47M $20.66M
YoY Change 47.51% 26.25% 47.81%
Depreciation, Depletion And Amortization $200.0K $300.0K $200.0K
YoY Change -33.33% 50.0% 0.0%
Cash From Operating Activities -$41.20M -$32.50M -$24.00M
YoY Change -36.42% 43.81% -766.67%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$200.0K -$200.0K
YoY Change -50.0% -60.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$100.0K -$200.0K -$200.0K
YoY Change -50.0% -60.0% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 45.00M 29.00M 26.20M
YoY Change -32.02% 198.97% 254.05%
NET CHANGE
Cash From Operating Activities -41.20M -32.50M -24.00M
Cash From Investing Activities -100.0K -200.0K -200.0K
Cash From Financing Activities 45.00M 29.00M 26.20M
Net Change In Cash 3.700M -3.700M 2.000M
YoY Change 208.33% -72.39% -81.48%
FREE CASH FLOW
Cash From Operating Activities -$41.20M -$32.50M -$24.00M
Capital Expenditures -$100.0K -$200.0K -$200.0K
Free Cash Flow -$41.10M -$32.30M -$23.80M
YoY Change -36.38% 46.15% -726.32%

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EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.007
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.031
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.033
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.032
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.003
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.004
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.004
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.020
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2016Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
7800000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
14462000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
47000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
138000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
47000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
138000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-13000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
34260000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43158000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
55662000 USD
CY2017Q4 us-gaap Goodwill
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12000000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016Q1 us-gaap Gross Profit
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41369000 USD
CY2016Q2 us-gaap Gross Profit
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59095000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
56821000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
64328000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
43499000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
86348000 USD
CY2017Q3 us-gaap Gross Profit
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91896000 USD
CY2017Q4 us-gaap Gross Profit
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98677000 USD
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2017 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2015 us-gaap Impairment Of Real Estate
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0 USD
CY2016 us-gaap Impairment Of Real Estate
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0 USD
CY2017 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
80280000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17829000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31408000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29488000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
34947000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
113672000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16842000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
48642000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50877000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
55041000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
171402000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27450000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
38641000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58096000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
9000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1146000 USD
CY2015 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
2462000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
3727000 USD
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
5461000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
28098000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
39791000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
60008000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
237000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
435000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-657000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1568000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2143000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3060000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
23700000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
42400000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
16800000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8522000 USD
CY2017 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
8215000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
151707000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
183884000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11747000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-257000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9960000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-270000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
27651000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
9920000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
8539000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
60702000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-42000 USD
CY2016 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2562000 USD
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2092000 USD
CY2015 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
-2877000 USD
CY2016 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
3650000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
200609000 USD
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IncreaseDecreaseInOtherOperatingAssets
4795000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5472000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8643000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
38478 shares
CY2016 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
181239 shares
CY2017 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
352542 shares
CY2015 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1298871 shares
CY2016 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
463609 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1044519 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1975648 shares
CY2016Q4 us-gaap Intangible Assets Net Including Goodwill
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12018000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
12018000 USD
CY2015 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
14198000 USD
CY2016 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
18457000 USD
CY2017 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
24275000 USD
CY2015 us-gaap Interest Costs Incurred
InterestCostsIncurred
14198000 USD
CY2016 us-gaap Interest Costs Incurred
InterestCostsIncurred
18457000 USD
CY2017 us-gaap Interest Costs Incurred
InterestCostsIncurred
24275000 USD
CY2015 us-gaap Interest Expense
InterestExpense
0 USD
CY2016 us-gaap Interest Expense
InterestExpense
0 USD
CY2017 us-gaap Interest Expense
InterestExpense
0 USD
CY2015 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
190000 USD
CY2016 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2017 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2015 us-gaap Interest Paid
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9766000 USD
CY2016 us-gaap Interest Paid
InterestPaid
14339000 USD
CY2017 us-gaap Interest Paid
InterestPaid
19704000 USD
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23205000 USD
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1645000 USD
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2096000 USD
CY2016Q4 us-gaap Inventory Finished Homes
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131945000 USD
CY2017Q4 us-gaap Inventory Finished Homes
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214395000 USD
CY2016Q4 us-gaap Inventory Homes Under Construction
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94686000 USD
CY2017Q4 us-gaap Inventory Homes Under Construction
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191659000 USD
CY2016Q4 us-gaap Inventory Operative Builders
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717681000 USD
CY2017Q4 us-gaap Inventory Operative Builders
InventoryOperativeBuilders
918933000 USD
CY2016Q4 us-gaap Inventory Operative Builders Other
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13589000 USD
CY2017Q4 us-gaap Inventory Operative Builders Other
InventoryOperativeBuildersOther
18327000 USD
CY2016Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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477461000 USD
CY2017Q4 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
494552000 USD
CY2016Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
9954000 USD
CY2017Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
17761000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
800000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
800000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1000000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
459313000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
590046000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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814514000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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1079892000 USD
CY2016Q4 us-gaap Long Term Debt
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400483000 USD
CY2017Q4 us-gaap Long Term Debt
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475195000 USD
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85000000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
400000000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2015 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
9300000 USD
CY2016 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
11300000 USD
CY2017 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
15200000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
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96471000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
120855000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
87038000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1117000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-722000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-518000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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-89156000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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-108183000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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-68467000 USD
CY2015 us-gaap Net Income Loss
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52830000 USD
CY2016Q1 us-gaap Net Income Loss
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11700000 USD
CY2016Q2 us-gaap Net Income Loss
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20659000 USD
CY2016Q3 us-gaap Net Income Loss
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19467000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
113306000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Diluted
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53020000 USD
CY2016 us-gaap Net Income Loss
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75031000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
11780000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
32199000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
33687000 USD
CY2017Q4 us-gaap Net Income Loss
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35640000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
75031000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
113306000 USD
CY2016Q4 us-gaap Notes Payable
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400483000 USD
CY2017Q4 us-gaap Notes Payable
NotesPayable
475195000 USD
CY2017 us-gaap Number Of Reportable Segments
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6
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
79674000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
111471000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
169801000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
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6501000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
778000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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577000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
567000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
555000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
596000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
3428000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
5631000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
14196000 USD
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
5446000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
10159000 USD
CY2015 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
606000 USD
CY2016 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2201000 USD
CY2017 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1601000 USD
CY2015 us-gaap Payments For Proceeds From Productive Assets
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1117000 USD
CY2016 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
722000 USD
CY2017 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
518000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
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2238000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
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2684000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4375000 USD
CY2015 us-gaap Payments Of Financing Costs
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419000 USD
CY2016 us-gaap Payments Of Financing Costs
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204000 USD
CY2017 us-gaap Payments Of Financing Costs
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69000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3000000 USD
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7500000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9593000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
29448000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17130000 USD
CY2015 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
245382000 USD
CY2016 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
140000000 USD
CY2017 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
100000000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1108000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-843000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-648000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
900000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1325000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1600000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2450000 USD
CY2015 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1183000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
3396000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
4188000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9496000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
28477000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
15342000 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
47000 USD
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2809000 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4149000 USD
CY2015 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1608000 USD
CY2016 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3084000 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4999000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4381000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4822000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1960000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1674000 USD
CY2015 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
154786000 USD
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
45000000 USD
CY2017 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
25000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
163182000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
276488000 USD
CY2016Q4 us-gaap Retention Payable
RetentionPayable
8506000 USD
CY2017Q4 us-gaap Retention Payable
RetentionPayable
12025000 USD
CY2015 us-gaap Revenues
Revenues
630236000 USD
CY2016Q1 us-gaap Revenues
Revenues
162463000 USD
CY2016Q2 us-gaap Revenues
Revenues
222723000 USD
CY2016Q3 us-gaap Revenues
Revenues
216304000 USD
CY2016Q4 us-gaap Revenues
Revenues
236830000 USD
CY2016 us-gaap Revenues
Revenues
838320000 USD
CY2017Q1 us-gaap Revenues
Revenues
162911000 USD
CY2017Q2 us-gaap Revenues
Revenues
324178000 USD
CY2017Q3 us-gaap Revenues
Revenues
365896000 USD
CY2017Q4 us-gaap Revenues
Revenues
404975000 USD
CY2017 us-gaap Revenues
Revenues
1257960000 USD
CY2015 us-gaap Selling Expense
SellingExpense
52998000 USD
CY2016 us-gaap Selling Expense
SellingExpense
66984000 USD
CY2017 us-gaap Selling Expense
SellingExpense
94957000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
2279000 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
770000 USD
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1642000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
182499000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
247389000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
355201000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
489846000 USD
CY2014 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
16.55
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1000000 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
16550000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
16550000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21740719 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22024091 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23933122 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19939761 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20798333 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21604932 shares
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;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, the fair value of the convertible debt, loss contingencies, incentive compensation expense, and income taxes.</font></div></div>

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