2015 Q1 Form 10-Q Financial Statement
#000083307915000068 Filed on May 01, 2015
Income Statement
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
Revenue | $518.7M | $408.3M |
YoY Change | 27.03% | 21.37% |
Cost Of Revenue | $466.0M | $348.8M |
YoY Change | 33.6% | 16.89% |
Gross Profit | $95.64M | $91.57M |
YoY Change | 4.44% | 41.9% |
Gross Profit Margin | 18.44% | 22.43% |
Selling, General & Admin | $71.26M | $52.61M |
YoY Change | 35.47% | 15.35% |
% of Gross Profit | 74.51% | 57.45% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $3.211M | $2.513M |
YoY Change | 27.78% | 14.23% |
% of Gross Profit | 3.36% | 2.74% |
Operating Expenses | $71.26M | $52.61M |
YoY Change | 35.47% | 15.35% |
Operating Profit | $24.38M | $44.94M |
YoY Change | -45.76% | 81.38% |
Interest Expense | $3.154M | $2.713M |
YoY Change | 16.26% | -47.09% |
% of Operating Profit | 12.94% | 6.04% |
Other Income/Expense, Net | $415.0K | $648.0K |
YoY Change | -35.96% | 37.87% |
Pretax Income | $25.30M | $39.76M |
YoY Change | -36.37% | 141.32% |
Income Tax | $8.897M | $14.38M |
% Of Pretax Income | 35.17% | 36.17% |
Net Earnings | $16.40M | $25.38M |
YoY Change | -35.37% | 110.75% |
Net Earnings / Revenue | 3.16% | 6.21% |
Basic Earnings Per Share | $0.42 | $0.66 |
Diluted Earnings Per Share | $0.40 | $0.62 |
COMMON SHARES | ||
Basic Shares Outstanding | 39.39M shares | 38.69M shares |
Diluted Shares Outstanding | 41.95M shares | 41.31M shares |
Balance Sheet
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $89.20M | $261.0M |
YoY Change | -65.82% | -19.69% |
Cash & Equivalents | $89.25M | $261.0M |
Short-Term Investments | ||
Other Short-Term Assets | $71.90M | $37.90M |
YoY Change | 89.71% | 30.24% |
Inventory | $1.943B | $1.538B |
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $2.166B | $1.891B |
YoY Change | 14.51% | 23.61% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $33.83M | $26.73M |
YoY Change | 26.57% | 63.44% |
Goodwill | $32.96M | |
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $10.30M | $87.50M |
YoY Change | -88.23% | -12.41% |
Other Assets | $64.70M | $69.20M |
YoY Change | -6.5% | -38.92% |
Total Long-Term Assets | $200.8M | $238.1M |
YoY Change | -15.67% | -1.18% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.166B | $1.891B |
Total Long-Term Assets | $200.8M | $238.1M |
Total Assets | $2.366B | $2.129B |
YoY Change | 11.14% | 20.24% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $91.50M | $76.20M |
YoY Change | 20.08% | 26.37% |
Accrued Expenses | $130.8M | $141.8M |
YoY Change | -7.76% | 48.64% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $265.4M | $241.8M |
YoY Change | 9.76% | 35.69% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $965.8M | $904.9M |
YoY Change | 6.73% | 2.69% |
Other Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | ||
Total Long-Term Liabilities | $965.8M | $904.9M |
YoY Change | 6.73% | 2.69% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $265.4M | $241.8M |
Total Long-Term Liabilities | $965.8M | $904.9M |
Total Liabilities | $1.231B | $1.147B |
YoY Change | 7.36% | 8.25% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $586.7M | $453.4M |
YoY Change | 29.39% | 43.66% |
Common Stock | $548.6M | $529.1M |
YoY Change | 3.67% | 33.63% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | 0.000 shares | |
Shareholders Equity | $1.135B | $982.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.366B | $2.129B |
YoY Change | 11.14% | 20.24% |
Cashflow Statement
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $16.40M | $25.38M |
YoY Change | -35.37% | 110.75% |
Depreciation, Depletion And Amortization | $3.211M | $2.513M |
YoY Change | 27.78% | 14.23% |
Cash From Operating Activities | -$38.20M | -$131.7M |
YoY Change | -70.99% | 110544.54% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $4.589M | $6.995M |
YoY Change | -34.4% | 158.69% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$100.0K | -$49.00K |
YoY Change | 104.08% | -37.97% |
Cash From Investing Activities | -$4.600M | $5.073M |
YoY Change | -190.68% | -193.05% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $0.00 | $110.4M |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 28.80M | $113.4M |
YoY Change | -74.61% | -29.18% |
NET CHANGE | ||
Cash From Operating Activities | -38.20M | -$131.7M |
Cash From Investing Activities | -4.600M | $5.073M |
Cash From Financing Activities | 28.80M | $113.4M |
Net Change In Cash | -14.00M | -$13.18M |
YoY Change | 6.22% | -108.53% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$38.20M | -$131.7M |
Capital Expenditures | $4.589M | $6.995M |
Free Cash Flow | -$42.79M | -$138.7M |
YoY Change | -69.14% | 4811.87% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2015Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2015Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2015Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | |
CY2015Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-03-31 | |
CY2015Q1 | dei |
Document Type
DocumentType
|
10-Q | |
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Entity Central Index Key
EntityCentralIndexKey
|
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Entity Common Stock Shares Outstanding
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|
39652547 | shares |
CY2015Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2015Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Meritage Homes CORP | |
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Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
|
29365000 | USD |
CY2015Q1 | mth |
Accruals Related To Real Estate Development And Construction Activities
AccrualsRelatedToRealEstateDevelopmentAndConstructionActivities
|
29693000 | USD |
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Aggregate Deposit Assets
AggregateDepositAssets
|
91922000 | USD |
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Amounts In Transit From Title Companies For Home Closings
AmountsInTransitFromTitleCompaniesForHomeClosings
|
59200000 | USD |
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Amounts In Transit From Title Companies For Home Closings
AmountsInTransitFromTitleCompaniesForHomeClosings
|
49600000 | USD |
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Deposit Assets On Recorded Real Estate Not Owned
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|
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Earnings From Financial Services Unconsolidated Entities And Other Net
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|
2201000 | USD |
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Earnings From Financial Services Unconsolidated Entities And Other Net
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2544000 | USD |
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Earnings From Other Unconsolidated Entities Net
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|
-169000 | USD |
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Earnings From Other Unconsolidated Entities Net
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|
-123000 | USD |
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Entity Operations In Number Of Regions
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3 | Region |
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Equity Method Investment Summarized Financial Information Costs And Expenses
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2753000 | USD |
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Equity Method Investment Summarized Financial Information Costs And Expenses
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|
3195000 | USD |
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Financial Services Operating Profit
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|
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|
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Finished Home Sites And Home Sites Under Development
FinishedHomeSitesAndHomeSitesUnderDevelopment
|
1136849000 | USD |
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Finished Home Sites And Home Sites Under Development
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|
1160587000 | USD |
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Future Infrastructure Improvement Costs
FutureInfrastructureImprovementCosts
|
9800000 | USD |
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Home Closing Gross Profit
HomeClosingGrossProfit
|
92599000 | USD |
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Home Closing Gross Profit
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|
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Increase Decreasein Real Estate Acquired Through Notes Payable
IncreaseDecreaseinRealEstateAcquiredThroughNotesPayable
|
116000 | USD |
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Increase Decreasein Real Estate Acquired Through Notes Payable
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|
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Increase Decreasein Real Estate Not Owned
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Incremental Attorney Feesto Supersedeas Bond
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|
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Initial Litigation Judgment Amount
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|
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Land Closing Gross Loss Profit
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|
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Land Closing Gross Loss Profit
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|
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Land Under Purchase Options Recorded And Unrecorded
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|
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|
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Liabilities Related To Inventory Real Estate Not Owned
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|
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|
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|
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Number Of Lenders Filing Petition For Involuntary Bankruptcy
NumberOfLendersFilingPetitionForInvoluntaryBankruptcy
|
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Number Of Lots Under Option Contracts Recorded
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|
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Number Of Lots Under Option Or Contracts
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Numberof Business Segments
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|
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|
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Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Outstanding
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|
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Supersedeas Bond
SupersedeasBond
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Supersedeas Bond
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Sureties Outstanding
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|
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Sureties Outstanding
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|
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Sureties Related To Uncompleted Contracts
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Allocated Share Based Compensation Expense
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|
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Assets
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|
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Common Stock Shares Issued
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|
391000 | USD |
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Common Stock Value
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|
396000 | USD |
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Cost Of Real Estate Revenue
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Costs Of Real Estate Services And Land Sales
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Costs Of Real Estate Services And Land Sales
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|
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Customer Advances And Deposits
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Customer Advances And Deposits
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32771000 | USD |
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Deferred Tax Assets Liabilities Net
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Deposit Assets
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Deposit Assets
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3211000 | USD |
CY2014Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.66 | |
CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.42 | |
CY2014Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.62 | |
CY2015Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.40 | |
CY2014Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.362 | |
CY2015Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.352 | |
CY2014Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
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|
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Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
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Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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|
20577000 | USD |
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Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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|
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Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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|
P2Y10M28D | |
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Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
3955000 | USD |
CY2015Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
3035000 | USD |
CY2014Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
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|
43896000 | USD |
CY2015Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
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|
42960000 | USD |
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Equity Method Investment Summarized Financial Information Liabilities And Equity
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|
43896000 | USD |
CY2015Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
42960000 | USD |
CY2014Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
2556000 | USD |
CY2015Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
3546000 | USD |
CY2014Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
5309000 | USD |
CY2015Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
6741000 | USD |
CY2014Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
2275000 | USD |
CY2015Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
1935000 | USD |
CY2014Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
2275000 | USD |
CY2015Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
1935000 | USD |
CY2014Q1 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
12882000 | USD |
CY2015Q1 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
8093000 | USD |
CY2014Q1 | us-gaap |
Financial Services Costs
FinancialServicesCosts
|
1075000 | USD |
CY2015Q1 | us-gaap |
Financial Services Costs
FinancialServicesCosts
|
1299000 | USD |
CY2014Q1 | us-gaap |
Financial Services Revenue
FinancialServicesRevenue
|
1899000 | USD |
CY2015Q1 | us-gaap |
Financial Services Revenue
FinancialServicesRevenue
|
2535000 | USD |
CY2014Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
21671000 | USD |
CY2015Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
29650000 | USD |
CY2014Q4 | us-gaap |
Goodwill
Goodwill
|
32962000 | USD |
CY2015Q1 | us-gaap |
Goodwill
Goodwill
|
32962000 | USD |
CY2015Q1 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | USD |
CY2015Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
CY2014Q1 | us-gaap |
Gross Profit
GrossProfit
|
91572000 | USD |
CY2015Q1 | us-gaap |
Gross Profit
GrossProfit
|
95641000 | USD |
CY2014Q1 | us-gaap |
Home Building Costs
HomeBuildingCosts
|
313180000 | USD |
CY2015Q1 | us-gaap |
Home Building Costs
HomeBuildingCosts
|
421786000 | USD |
CY2014Q1 | us-gaap |
Home Building Revenue
HomeBuildingRevenue
|
405779000 | USD |
CY2015Q1 | us-gaap |
Home Building Revenue
HomeBuildingRevenue
|
517273000 | USD |
CY2014Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
39758000 | USD |
CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
25297000 | USD |
CY2014Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2032000 | USD |
CY2015Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2421000 | USD |
CY2014Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14381000 | USD |
CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8897000 | USD |
CY2014Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
17190000 | USD |
CY2015Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
8710000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-15813000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3179000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
13998000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
5695000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
1839000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
3392000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
|
3071000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
|
-3767000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
132536000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
58906000 | USD |
CY2014Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2176000 | shares |
CY2015Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2176000 | shares |
CY2014Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
445000 | shares |
CY2015Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
382000 | shares |
CY2014Q1 | us-gaap |
Interest Expense
InterestExpense
|
2713000 | USD |
CY2015Q1 | us-gaap |
Interest Expense
InterestExpense
|
3154000 | USD |
CY2014Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
379000 | USD |
CY2015Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
385000 | USD |
CY2014Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4081000 | USD |
CY2015Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
-5995000 | USD |
CY2014Q4 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
1877682000 | USD |
CY2015Q1 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
1943055000 | USD |
CY2014Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
10780000 | USD |
CY2015Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
10271000 | USD |
CY2014Q1 | us-gaap |
Land Sales
LandSales
|
2566000 | USD |
CY2015Q1 | us-gaap |
Land Sales
LandSales
|
1439000 | USD |
CY2015Q1 | us-gaap |
Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
|
905505000 | USD |
CY2014Q4 | us-gaap |
Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
|
4999000 | USD |
CY2015Q1 | us-gaap |
Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
|
0 | USD |
CY2014Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
19489000 | USD |
CY2015Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
19712000 | USD |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
1206649000 | USD |
CY2015Q1 | us-gaap |
Liabilities
Liabilities
|
1231170000 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2316138000 | USD |
CY2015Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2366458000 | USD |
CY2015Q1 | us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
$500 million unsecured revolving credit facility, maturing June 2018, with interest approximating LIBOR (approximately 0.18% at March 31, 2015) plus 2.25% or Prime (3.25% at March 31, 2015) plus 1.25% | |
CY2015Q1 | us-gaap |
Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
|
100000000 | USD |
CY2015Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
453300000 | USD |
CY2014Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
16499000 | USD |
CY2015Q1 | us-gaap |
Litigation Reserve
LitigationReserve
|
15109000 | USD |
CY2012Q1 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
13500000 | USD |
CY2012Q1 | us-gaap |
Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
|
2 | claim |
CY2014Q4 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
200000 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
111259000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
28752000 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
5073000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-4649000 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-129512000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-38191000 | USD |
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
25377000 | USD |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16400000 | USD |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
25756000 | USD |
CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
16785000 | USD |
CY2015Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
9 | operating_segment |
CY2015Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
9 | State |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
30997000 | USD |
CY2015Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
38372000 | USD |
CY2014Q4 | us-gaap |
Other Assets
OtherAssets
|
332687000 | USD |
CY2015Q1 | us-gaap |
Other Assets
OtherAssets
|
321210000 | USD |
CY2014Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
648000 | USD |
CY2015Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
415000 | USD |
CY2014Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
30722000 | USD |
CY2015Q1 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
61406000 | USD |
CY2014Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
4118000 | USD |
CY2015Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-490000 | USD |
CY2014Q4 | us-gaap |
Other Receivables
OtherReceivables
|
56763000 | USD |
CY2015Q1 | us-gaap |
Other Receivables
OtherReceivables
|
61515000 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
35514000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
0 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
44000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
104000 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6995000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4589000 | USD |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
71052000 | USD |
CY2015Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
71913000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
110432000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2014Q1 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-2155000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-3017000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
0 | USD |
CY2015Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
27000000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
47533000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
0 | USD |
CY2014Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
93000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
44000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
707000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2834000 | USD |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
32403000 | USD |
CY2015Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
33826000 | USD |
CY2013Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
32992000 | USD |
CY2014Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
38701000 | USD |
CY2014Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
54060000 | USD |
CY2015Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
56843000 | USD |
CY2014Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
|
5834000 | USD |
CY2015Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
|
9345000 | USD |
CY2014Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
14256000 | USD |
CY2015Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
15282000 | USD |
CY2014Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
408345000 | USD |
CY2015Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
518712000 | USD |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
570310000 | USD |
CY2015Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
586710000 | USD |
CY2014Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
45.75 | |
CY2014Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
30934000 | USD |
CY2015Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
41612000 | USD |
CY2014Q4 | us-gaap |
Senior Notes
SeniorNotes
|
904486000 | USD |
CY2015Q1 | us-gaap |
Senior Notes
SeniorNotes
|
904344000 | USD |
CY2014Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2411000 | USD |
CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4630000 | USD |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
10050000 | shares |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
1046688 | shares |
CY2013Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
21971000 | USD |
CY2014Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
21482000 | USD |
CY2014Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
22080000 | USD |
CY2015Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
21839000 | USD |
CY2014Q1 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
2765000 | USD |
CY2015Q1 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
2869000 | USD |
CY2014Q1 | us-gaap |
Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
|
0 | USD |
CY2015Q1 | us-gaap |
Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
|
0 | USD |
CY2014Q1 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
2276000 | USD |
CY2015Q1 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
2628000 | USD |
CY2014Q1 | us-gaap |
State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
1499000 | USD |
CY2015Q1 | us-gaap |
State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
804000 | USD |
CY2014Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
40245000 | shares |
CY2015Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
143440000 | shares |
CY2014Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
110432000 | USD |
CY2014Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
707000 | USD |
CY2015Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2834000 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
841392000 | USD |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
982594000 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1109489000 | USD |
CY2015Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1135288000 | USD |
CY2014Q4 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
11096000 | USD |
CY2015Q1 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
10352000 | USD |
CY2014Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2015Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2014Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
41308000 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
41948000 | shares |
CY2014Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
38687000 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39390000 | shares |