2018 Q1 Form 10-Q Financial Statement
#000083307918000065 Filed on April 30, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $742.6M | $672.8M |
YoY Change | 10.37% | 12.55% |
Cost Of Revenue | $673.7M | $612.7M |
YoY Change | 9.96% | 13.17% |
Gross Profit | $123.1M | $109.8M |
YoY Change | 12.17% | 5.75% |
Gross Profit Margin | 16.58% | 16.32% |
Selling, General & Admin | $83.65M | $77.94M |
YoY Change | 7.32% | 2.83% |
% of Gross Profit | 67.94% | 71.01% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $5.866M | $3.670M |
YoY Change | 59.84% | 7.88% |
% of Gross Profit | 4.76% | 3.34% |
Operating Expenses | $83.65M | $77.94M |
YoY Change | 7.32% | 2.83% |
Operating Profit | $39.48M | $31.82M |
YoY Change | 24.05% | 13.64% |
Interest Expense | $136.0K | $825.0K |
YoY Change | -83.52% | -74.91% |
% of Operating Profit | 0.34% | 2.59% |
Other Income/Expense, Net | $5.325M | $1.110M |
YoY Change | 379.73% | 292.23% |
Pretax Income | $48.88M | $36.77M |
YoY Change | 32.95% | 27.29% |
Income Tax | $5.010M | $13.20M |
% Of Pretax Income | 10.25% | 35.89% |
Net Earnings | $43.87M | $23.57M |
YoY Change | 86.13% | 12.41% |
Net Earnings / Revenue | 5.91% | 3.5% |
Basic Earnings Per Share | $1.08 | $0.59 |
Diluted Earnings Per Share | $1.07 | $0.56 |
COMMON SHARES | ||
Basic Shares Outstanding | 40.49M shares | 40.18M shares |
Diluted Shares Outstanding | 41.14M shares | 42.81M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $172.6M | $85.70M |
YoY Change | 101.4% | -50.23% |
Cash & Equivalents | $172.6M | $85.69M |
Short-Term Investments | ||
Other Short-Term Assets | $84.60M | $79.70M |
YoY Change | 6.15% | 19.67% |
Inventory | $2.803B | $2.513B |
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $3.134B | $2.765B |
YoY Change | 13.38% | 9.77% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $49.76M | $32.70M |
YoY Change | 52.17% | -5.34% |
Goodwill | $33.00M | $32.96M |
YoY Change | 0.12% | -0.12% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $16.40M | $16.90M |
YoY Change | -2.96% | 59.43% |
Other Assets | $35.30M | $53.90M |
YoY Change | -34.51% | -8.64% |
Total Long-Term Assets | $192.8M | $192.0M |
YoY Change | 0.37% | -2.02% |
TOTAL ASSETS | ||
Total Short-Term Assets | $3.134B | $2.765B |
Total Long-Term Assets | $192.8M | $192.0M |
Total Assets | $3.327B | $2.957B |
YoY Change | 12.54% | 8.92% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $140.6M | $136.8M |
YoY Change | 2.78% | 11.86% |
Accrued Expenses | $162.2M | $146.5M |
YoY Change | 10.72% | 8.12% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $355.5M | $328.2M |
YoY Change | 8.32% | 5.6% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.311B | $1.171B |
YoY Change | 11.94% | 4.65% |
Other Long-Term Liabilities | $35.00M | $8.500M |
YoY Change | 311.76% | |
Total Long-Term Liabilities | $1.346B | $1.180B |
YoY Change | 14.1% | 5.4% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $355.5M | $328.2M |
Total Long-Term Liabilities | $1.346B | $1.180B |
Total Liabilities | $1.702B | $1.508B |
YoY Change | 12.84% | 5.45% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $1.035B | $872.2M |
YoY Change | 18.69% | 21.13% |
Common Stock | $590.2M | $576.2M |
YoY Change | 2.43% | 2.11% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.625B | $1.448B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.327B | $2.957B |
YoY Change | 12.54% | 8.92% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $43.87M | $23.57M |
YoY Change | 86.13% | 12.41% |
Depreciation, Depletion And Amortization | $5.866M | $3.670M |
YoY Change | 59.84% | 7.88% |
Cash From Operating Activities | -$17.33M | -$84.77M |
YoY Change | -79.56% | 3.6% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $6.383M | $3.238M |
YoY Change | 97.13% | -17.82% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $0.00 |
YoY Change | ||
Cash From Investing Activities | -$6.353M | -$3.199M |
YoY Change | 98.59% | -19.38% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $0.00 | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $25.49M | $41.95M |
YoY Change | -39.24% | -1087.57% |
NET CHANGE | ||
Cash From Operating Activities | -$17.33M | -$84.77M |
Cash From Investing Activities | -$6.353M | -$3.199M |
Cash From Financing Activities | $25.49M | $41.95M |
Net Change In Cash | $1.806M | -$46.01M |
YoY Change | -103.92% | -48.89% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$17.33M | -$84.77M |
Capital Expenditures | $6.383M | $3.238M |
Free Cash Flow | -$23.71M | -$88.00M |
YoY Change | -73.06% | 2.62% |
Facts In Submission
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Amendment Flag
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|
false | |
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Current Fiscal Year End Date
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Q1 | |
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2018 | |
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Document Period End Date
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2018-03-31 | |
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Document Type
DocumentType
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10-Q | |
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Meritage Homes CORP | |
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Adjusted Net Income Lossfrom Equity Method Investments
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Earnings From Financial Services Unconsolidated Entities And Other Net
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|
107268000 | USD |
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Gross Profit Home Building
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|
124330000 | USD |
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Financial Services Operating Profit
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|
4290000 | USD |
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Financial Services Operating Profit
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|
4220000 | USD |
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|
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Increase Decrease In Land Under Purchase Options Recorded
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|
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Inventory Model Homes
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Inventory Unsold Homes Completed And Under Construction
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516577000 | USD |
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499998000 | USD |
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52539000 | USD |
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217204000 | USD |
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Land Under Purchase And Option Contracts Committed
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Land Under Purchase And Option Contracts Number Of Lots
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Land Under Purchase Contracts And Options Recorded
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|
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Land Under Purchase Contracts And Options Recorded Cash Deposits
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Land Under Purchase Contracts And Options Recorded Number Of Lots
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|
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|
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|
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|
12059000 | USD |
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|
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|
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|
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Liabilities Related To Inventory Real Estate Not Owned
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|
34978000 | USD |
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Numberof Business Segments
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|
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|
253 | community |
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Assets
Assets
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Cash And Cash Equivalents At Carrying Value
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|
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|
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|
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|
0.01 | |
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Common Stock Shares Authorized
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Common Stock Shares Authorized
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Common Stock Shares Issued
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Common Stock Value
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|
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Common Stock Value
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|
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Cost Of Real Estate Revenue
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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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Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
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Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
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Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
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Deferred Tax Assets Liabilities Net
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|
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Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
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Deferred Tax Assets Valuation Allowance
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|
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Deposit Assets
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Deposit Assets
DepositAssets
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Deposit Assets
DepositAssets
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CY2018Q1 | us-gaap |
Deposit Assets
DepositAssets
|
52539000 | USD |
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3670000 | USD |
CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5866000 | USD |
CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.59 | |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.08 | |
CY2017Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.56 | |
CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.07 | |
CY2017Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.359 | |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.102 | |
CY2017Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
58186000 | USD |
CY2018Q1 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
31313000 | USD |
CY2017Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
18439000 | USD |
CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
26696000 | USD |
CY2017 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y5M23D | |
CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y11M19D | |
CY2017Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
3280000 | USD |
CY2018Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
3244000 | USD |
CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
68817000 | USD |
CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
|
67234000 | USD |
CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
|
14521000 | USD |
CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
|
14475000 | USD |
CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
68817000 | USD |
CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
|
67234000 | USD |
CY2017Q4 | us-gaap |
Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
|
21586000 | USD |
CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Minority Interest
EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest
|
21260000 | USD |
CY2017Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
3119000 | USD |
CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
3397000 | USD |
CY2017Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
7599000 | USD |
CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
7332000 | USD |
CY2017Q1 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
11573000 | USD |
CY2018Q1 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
2946000 | USD |
CY2017Q1 | us-gaap |
Financial Services Costs
FinancialServicesCosts
|
1379000 | USD |
CY2018Q1 | us-gaap |
Financial Services Costs
FinancialServicesCosts
|
1484000 | USD |
CY2017Q1 | us-gaap |
Financial Services Revenue
FinancialServicesRevenue
|
2944000 | USD |
CY2018Q1 | us-gaap |
Financial Services Revenue
FinancialServicesRevenue
|
3048000 | USD |
CY2017Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
29622000 | USD |
CY2018Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
30893000 | USD |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
32962000 | USD |
CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
32962000 | USD |
CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
33000000 | USD |
CY2018Q1 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | USD |
CY2018Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
CY2017Q1 | us-gaap |
Gross Profit
GrossProfit
|
109763000 | USD |
CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
123120000 | USD |
CY2017Q1 | us-gaap |
Home Building Costs
HomeBuildingCosts
|
553349000 | USD |
CY2018Q1 | us-gaap |
Home Building Costs
HomeBuildingCosts
|
604202000 | USD |
CY2017Q1 | us-gaap |
Home Building Revenue
HomeBuildingRevenue
|
660617000 | USD |
CY2018Q1 | us-gaap |
Home Building Revenue
HomeBuildingRevenue
|
728532000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
36769000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
48884000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3098000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2610000 | USD |
CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13197000 | USD |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5010000 | USD |
CY2017Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
10485000 | USD |
CY2018Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-16064000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-15000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
20162000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-5426000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
4449000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-298000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
|
-5532000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
|
-7406000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
89222000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
87732000 | USD |
CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
2176000 | shares |
CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
454000 | shares |
CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
652000 | shares |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
825000 | USD |
CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
136000 | USD |
CY2017Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
387000 | USD |
CY2018Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
0 | USD |
CY2017Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
-10930000 | USD |
CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
-15961000 | USD |
CY2017Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
15369000 | USD |
CY2018Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
34370000 | USD |
CY2017Q4 | us-gaap |
Inventory Operative Builders
InventoryOperativeBuilders
|
2731380000 | USD |
CY2018Q1 | us-gaap |
Inventory Operative Builders
InventoryOperativeBuilders
|
2802798000 | USD |
CY2017Q4 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
2731380000 | USD |
CY2018Q1 | us-gaap |
Inventory Real Estate
InventoryRealEstate
|
2802798000 | USD |
CY2017Q4 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
1506303000 | USD |
CY2018Q1 | us-gaap |
Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
|
1495373000 | USD |
CY2017Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
17068000 | USD |
CY2017Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
17100000 | USD |
CY2018Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
16441000 | USD |
CY2018Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
16400000 | USD |
CY2017Q1 | us-gaap |
Land Sales
LandSales
|
12155000 | USD |
CY2018Q1 | us-gaap |
Land Sales
LandSales
|
14032000 | USD |
CY2018Q1 | us-gaap |
Land Under Purchase Options Not Recorded
LandUnderPurchaseOptionsNotRecorded
|
686070000 | USD |
CY2017Q4 | us-gaap |
Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
|
38864000 | USD |
CY2018Q1 | us-gaap |
Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
|
38864000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
1674433000 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
1701832000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3251258000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3327164000 | USD |
CY2018Q1 | us-gaap |
Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
|
4800000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
41952000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
25488000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3199000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6353000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-84766000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-17329000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23572000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
43874000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
23959000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
43874000 | USD |
CY2018Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
9 | operating_segment |
CY2018Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
9 | state |
CY2018Q1 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
0 | USD |
CY2017Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
16604000 | USD |
CY2018Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
16197000 | USD |
CY2017Q4 | us-gaap |
Other Assets
OtherAssets
|
442865000 | USD |
CY2018Q1 | us-gaap |
Other Assets
OtherAssets
|
455386000 | USD |
CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1110000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
5371000 | USD |
CY2017Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
17354000 | USD |
CY2018Q1 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
16854000 | USD |
CY2017Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-18000 | USD |
CY2018Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
2301000 | USD |
CY2017Q4 | us-gaap |
Other Receivables
OtherReceivables
|
79317000 | USD |
CY2018Q1 | us-gaap |
Other Receivables
OtherReceivables
|
74380000 | USD |
CY2017Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD |
CY2018Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3315000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
1226000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
1018000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
10000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
0 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3238000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6383000 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
85145000 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
84560000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
206000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
160000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
285000000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-3048000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-2197000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
45000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
1226000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
1018000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
49000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
30000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
33631000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
49761000 | USD |
CY2016Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
68196000 | USD |
CY2017Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
70885000 | USD |
CY2017Q4 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
78564000 | USD |
CY2018Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
|
81828000 | USD |
CY2017Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
14381000 | USD |
CY2018Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
|
17469000 | USD |
CY2017Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
17895000 | USD |
CY2018Q1 | us-gaap |
Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
|
20869000 | USD |
CY2017Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
672772000 | USD |
CY2018Q1 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
742564000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
115000000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
285000000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
0 | USD |
CY2018Q1 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
175000000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
991844000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1035135000 | USD |
CY2017Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
48320000 | USD |
CY2018Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
52752000 | USD |
CY2017Q4 | us-gaap |
Senior Notes
SeniorNotes
|
1266450000 | USD |
CY2018Q1 | us-gaap |
Senior Notes
SeniorNotes
|
1294494000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3295000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5209000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
5350000 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
605183 | shares |
CY2016Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
22660000 | USD |
CY2017Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
22477000 | USD |
CY2017Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
23328000 | USD |
CY2018Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
23812000 | USD |
CY2017Q1 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
3998000 | USD |
CY2018Q1 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
2923000 | USD |
CY2017Q1 | us-gaap |
Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
|
0 | USD |
CY2018Q1 | us-gaap |
Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
|
0 | USD |
CY2017Q1 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
3815000 | USD |
CY2018Q1 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
3407000 | USD |
CY2017Q1 | us-gaap |
State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
1624000 | USD |
CY2018Q1 | us-gaap |
State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
2064000 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1421495000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1448365000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1576825000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1625332000 | USD |
CY2017Q4 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
14067000 | USD |
CY2018Q1 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
18959000 | USD |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2018Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42808000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
41140000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40178000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40488000 | shares |