2016 Q2 Form 10-Q Financial Statement

#000156247616000009 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $854.3M $701.0M
YoY Change 21.88% 17.41%
Cost Of Revenue $694.6M $564.3M
YoY Change 23.09% 20.14%
Gross Profit $159.8M $136.7M
YoY Change 16.9% 7.31%
Gross Profit Margin 18.7% 19.5%
Selling, General & Admin $90.89M $71.23M
YoY Change 27.61% 21.19%
% of Gross Profit 56.9% 52.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K $1.000M
YoY Change -10.0% -61.54%
% of Gross Profit 0.56% 0.73%
Operating Expenses $90.89M $71.23M
YoY Change 27.61% 21.19%
Operating Profit $68.86M $65.43M
YoY Change 5.24% -4.59%
Interest Expense $2.300M $1.300M
YoY Change 76.92% 8.33%
% of Operating Profit 3.34% 1.99%
Other Income/Expense, Net -$3.397M -$3.381M
YoY Change 0.47% -21.86%
Pretax Income $67.77M $29.96M
YoY Change 126.19% -54.27%
Income Tax $22.10M $9.939M
% Of Pretax Income 32.62% 33.17%
Net Earnings $11.69M $5.077M
YoY Change 130.16% -65.73%
Net Earnings / Revenue 1.37% 0.72%
Basic Earnings Per Share $0.37 $0.15
Diluted Earnings Per Share $0.37 $0.15
COMMON SHARES
Basic Shares Outstanding 31.57M shares 33.08M shares
Diluted Shares Outstanding 121.1M shares 122.4M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.9M $145.5M
YoY Change -9.35% -51.63%
Cash & Equivalents $131.9M $145.5M
Short-Term Investments
Other Short-Term Assets $83.30M $99.90M
YoY Change -16.62% -15.05%
Inventory $3.243B $2.947B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.585B $3.308B
YoY Change 8.36% 2.24%
LONG-TERM ASSETS
Property, Plant & Equipment $6.334M $5.690M
YoY Change 11.32% -26.3%
Goodwill $66.20M $32.50M
YoY Change 103.69% 39.04%
Intangibles $3.718M $5.697M
YoY Change -34.74% -51.83%
Long-Term Investments $188.5M $164.7M
YoY Change 14.45% -29.62%
Other Assets $381.7M $362.6M
YoY Change 5.27% 4.44%
Total Long-Term Assets $646.4M $571.3M
YoY Change 13.15% -15.71%
TOTAL ASSETS
Total Short-Term Assets $3.585B $3.308B
Total Long-Term Assets $646.4M $571.3M
Total Assets $4.231B $3.879B
YoY Change 9.07% -0.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $151.1M $151.3M
YoY Change -0.13% -1.37%
Accrued Expenses $175.3M $174.0M
YoY Change 0.75% -9.04%
Deferred Revenue
YoY Change
Short-Term Debt $210.7M $105.0M
YoY Change 100.67% 162.5%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $692.5M $560.0M
YoY Change 23.66% 4.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.513B $1.445B
YoY Change 4.71% -16.04%
Other Long-Term Liabilities $600.0K $2.600M
YoY Change -76.92% -84.34%
Total Long-Term Liabilities $1.513B $1.447B
YoY Change 4.57% -16.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $692.5M $560.0M
Total Long-Term Liabilities $1.513B $1.447B
Total Liabilities $2.206B $2.007B
YoY Change 9.9% -11.6%
SHAREHOLDERS EQUITY
Retained Earnings $194.5M $146.0M
YoY Change 33.23% 110.88%
Common Stock $375.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $39.69M
YoY Change
Treasury Stock Shares 2.606M shares
Shareholders Equity $515.5M $503.9M
YoY Change
Total Liabilities & Shareholders Equity $4.231B $3.879B
YoY Change 9.07% -0.87%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $11.69M $5.077M
YoY Change 130.16% -65.73%
Depreciation, Depletion And Amortization $900.0K $1.000M
YoY Change -10.0% -61.54%
Cash From Operating Activities $82.30M -$122.7M
YoY Change -167.07% 17.42%
INVESTING ACTIVITIES
Capital Expenditures $500.0K -$1.200M
YoY Change -141.67% -33.33%
Acquisitions
YoY Change
Other Investing Activities -$4.800M -$77.80M
YoY Change -93.83% 69.5%
Cash From Investing Activities -$4.300M -$78.90M
YoY Change -94.55% 65.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -87.20M -52.30M
YoY Change 66.73% -518.4%
NET CHANGE
Cash From Operating Activities 82.30M -122.7M
Cash From Investing Activities -4.300M -78.90M
Cash From Financing Activities -87.20M -52.30M
Net Change In Cash -9.200M -253.9M
YoY Change -96.38% 81.88%
FREE CASH FLOW
Cash From Operating Activities $82.30M -$122.7M
Capital Expenditures $500.0K -$1.200M
Free Cash Flow $81.80M -$121.5M
YoY Change -167.33% 18.31%

Facts In Submission

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0.94
CY2016Q2 us-gaap Earnings Per Share Basic
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0.37
CY2016Q2 us-gaap Home Building Revenue
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829882000 USD
us-gaap Home Building Revenue
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1458969000 USD
CY2015Q2 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
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0 USD
CY2016Q2 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
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0 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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14024000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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43157000 USD
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-19927000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
0 USD
CY2015Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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47674000 USD
CY2016Q2 us-gaap Employee Related Liabilities Current And Noncurrent
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42541000 USD
CY2015Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-3000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-7000 USD
CY2016Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-20000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-22000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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1437000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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1673000 USD
CY2015Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2016Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2015Q2 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
1225000 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
1527000 USD
CY2016Q2 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
2305000 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
3087000 USD
CY2015Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
29983000 USD
CY2016Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
CY2015Q2 us-gaap Gains Losses On Extinguishment Of Debt
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-33317000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-33317000 USD
CY2016Q2 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2015Q2 us-gaap General And Administrative Expense
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24204000 USD
us-gaap General And Administrative Expense
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44908000 USD
CY2016Q2 us-gaap General And Administrative Expense
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31710000 USD
us-gaap General And Administrative Expense
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61134000 USD
CY2015Q4 us-gaap Goodwill
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57698000 USD
CY2016Q2 us-gaap Goodwill
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66198000 USD
CY2015Q2 us-gaap Gross Profit
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136659000 USD
us-gaap Gross Profit
GrossProfit
231242000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
159752000 USD
us-gaap Gross Profit
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278393000 USD
CY2015Q2 us-gaap Home Building Costs
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553652000 USD
us-gaap Home Building Costs
HomeBuildingCosts
958757000 USD
CY2016Q2 us-gaap Home Building Costs
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679685000 USD
us-gaap Home Building Costs
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1194217000 USD
CY2015Q2 us-gaap Home Building Revenue
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682387000 USD
us-gaap Home Building Revenue
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1175980000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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33683000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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52790000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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29960000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
92185000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67768000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
106759000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
20021000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
60204000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
45664000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
71768000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.15
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.48
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.37
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.58
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.15
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.48
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.37
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.58
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
56662000 USD
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
41381000 USD
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
us-gaap Income Loss From Equity Method Investments
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1527000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3087000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9939000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31981000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22104000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34991000 USD
us-gaap Income Taxes Paid Net
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59810000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
58144000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-17617000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-21584000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-20862000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-22185000 USD
us-gaap Increase Decrease In Customer Deposits
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28597000 USD
us-gaap Increase Decrease In Customer Deposits
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47049000 USD
us-gaap Increase Decrease In Inventories
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391680000 USD
us-gaap Increase Decrease In Inventories
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62906000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-23728000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-43734000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-655000 USD
us-gaap Increase Decrease In Restricted Cash
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20000 USD
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000 shares
us-gaap Interest Income Expense Net
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102000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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4248000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
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3718000 USD
CY2015Q2 us-gaap Interest Income Expense Net
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82000 USD
us-gaap Interest Income Expense Net
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132000 USD
CY2016Q2 us-gaap Interest Income Expense Net
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15000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
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18621000 USD
CY2016Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
17975000 USD
CY2015Q4 us-gaap Inventory Real Estate
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3126787000 USD
CY2016Q2 us-gaap Inventory Real Estate
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3242920000 USD
CY2015Q4 us-gaap Inventory Real Estate Construction In Process
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672499000 USD
CY2016Q2 us-gaap Inventory Real Estate Construction In Process
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758534000 USD
CY2015Q4 us-gaap Inventory Real Estate Held For Sale
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2167771000 USD
CY2016Q2 us-gaap Inventory Real Estate Held For Sale
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2184842000 USD
CY2015Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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128448000 USD
CY2016Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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149844000 USD
CY2015Q2 us-gaap Land Sales
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8743000 USD
us-gaap Land Sales
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16931000 USD
CY2016Q2 us-gaap Land Sales
LandSales
10936000 USD
us-gaap Land Sales
LandSales
17540000 USD
CY2015Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
34100000 USD
CY2016Q2 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
38600000 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
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394800000 USD
CY2016Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
404600000 USD
CY2015Q4 us-gaap Liabilities
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2144717000 USD
CY2016Q2 us-gaap Liabilities
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2205797000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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4117394000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
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4231088000 USD
CY2015Q4 us-gaap Line Of Credit
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109947000 USD
CY2016Q2 us-gaap Line Of Credit
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210705000 USD
CY2015Q4 us-gaap Loans Payable
LoansPayable
134824000 USD
CY2016Q2 us-gaap Loans Payable
LoansPayable
158244000 USD
CY2015Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
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201733000 USD
CY2016Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
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145963000 USD
CY2015Q4 us-gaap Long Term Debt
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CY2016Q2 us-gaap Long Term Debt
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1723380000 USD
CY2016Q2 us-gaap Minimum Net Worth Required For Compliance
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1500000000 USD
CY2015Q4 us-gaap Minority Interest In Joint Ventures
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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13033000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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217459000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-73008000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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110000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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65666000 USD
CY2015Q2 us-gaap Net Income Loss
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5077000 USD
us-gaap Net Income Loss
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31039000 USD
CY2016Q2 us-gaap Net Income Loss
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11685000 USD
us-gaap Net Income Loss
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18498000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
100000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
173000 USD
CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
920000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
1289000 USD
CY2016Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
296000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
480000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9100000 USD
CY2016Q2 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6564000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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45501000 USD
CY2016Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
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47524000 USD
CY2015Q4 us-gaap Other Assets
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CY2016Q2 us-gaap Other Assets
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799709000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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199000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-26945000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-447000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
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1757000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
-447000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
199000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-27214000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
199000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-25457000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2015Q2 us-gaap Other Financial Services Costs
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6096000 USD
us-gaap Other Financial Services Costs
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11158000 USD
CY2016Q2 us-gaap Other Financial Services Costs
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8193000 USD
us-gaap Other Financial Services Costs
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14717000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2015Q4 us-gaap Other Receivables
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120729000 USD
CY2016Q2 us-gaap Other Receivables
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126566000 USD
CY2015Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
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1446361000 USD
CY2016Q2 us-gaap Partners Capital Attributable To Noncontrolling Interest
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1503206000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Payments For Repurchase Of Common Stock
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24710000 USD
us-gaap Payments Of Financing Costs
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4538000 USD
us-gaap Payments Of Financing Costs
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0 USD
us-gaap Payments To Acquire Businesses Gross
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62440000 USD
us-gaap Payments To Acquire Businesses Gross
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52819000 USD
us-gaap Payments To Acquire Interest In Joint Venture
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24950000 USD
us-gaap Payments To Acquire Interest In Joint Venture
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21638000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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1499000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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187000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.00001
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
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0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
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75295000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
83294000 USD
us-gaap Proceeds From Bank Debt
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0 USD
us-gaap Proceeds From Bank Debt
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36631000 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
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29983000 USD
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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350000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
us-gaap Proceeds From Lines Of Credit
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354812000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
527027000 USD
us-gaap Proceeds From Payments To Minority Shareholders
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us-gaap Proceeds From Payments To Minority Shareholders
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86000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
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268853000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
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0 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
44595000 USD
CY2015Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
42956000 USD
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
42589000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
43098000 USD
CY2016Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
43195000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
44342000 USD
CY2015Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5516000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
11450000 USD
CY2016Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5962000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
12547000 USD
CY2015Q2 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
9843000 USD
CY2015Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
335000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1930000 USD
CY2016Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2094000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3008000 USD
CY2015Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4814000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7514000 USD
CY2016Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5015000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
10783000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
20021000 USD
us-gaap Profit Loss
ProfitLoss
116866000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
45664000 USD
us-gaap Profit Loss
ProfitLoss
71768000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7387000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6334000 USD
CY2015Q4 us-gaap Purchase Options Land
PurchaseOptionsLand
710600000 USD
CY2016Q2 us-gaap Purchase Options Land
PurchaseOptionsLand
753700000 USD
CY2015Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
173448000 USD
CY2016Q2 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
187869000 USD
CY2014Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
94880000 USD
CY2015Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
103892000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
106470000 USD
CY2015Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
105148000 USD
CY2016Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
110962000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
111063000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
20690000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
36717000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
22100000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
38530000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
23268000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
48307000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
22201000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
44445000 USD
CY2015Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
700973000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1210389000 USD
CY2016Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
854316000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1499645000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1488000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
24449000 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
30529000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
444077000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
592372000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
513608000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1280000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1300000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
107023000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
71226000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
175997000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
194495000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33071000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31574000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31742000 shares
us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
17478000 USD
CY2016Q2 us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
13498000 USD
us-gaap Revenue Other Financial Services
RevenueOtherFinancialServices
23136000 USD
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
47022000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
83242000 USD
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
59182000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
128150000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
90892000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
168157000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
1235157000 USD
CY2016Q2 us-gaap Senior Notes
SeniorNotes
1236332000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3596000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5917000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
37790 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1133642 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1507765 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2603617 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.07
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.03
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
623133 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
21.52
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.58
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.54
CY2015Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0 USD
CY2016Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
519918000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
515471000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1972677000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2025291000 USD
CY2015Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
37792000 USD
CY2016Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
15608000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
934434 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2606067 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
14981000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
39691000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
24710000 USD
CY2015Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
183444000 USD
CY2016Q2 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
118099000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122409000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122382000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121052000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121217000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33076000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
133000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
366000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
367000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font><font style="font-family:inherit;font-size:10pt;"> - Prior period amounts related to debt issuance costs have been reclassified to conform with current period financial statement presentation as a result of adopting Accounting Standards Update (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU</font><font style="font-family:inherit;font-size:10pt;">&#8221;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">)</font><font style="font-family:inherit;font-size:10pt;"> 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Presentation of Debt Issuance Costs</font><font style="font-family:inherit;font-size:10pt;">. Approximately </font><font style="font-family:inherit;font-size:10pt;">$19.9 million</font><font style="font-family:inherit;font-size:10pt;"> of such costs as of December 31, 2015 have been reclassified from prepaid expenses and other assets to their respective debt liability. </font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8212; The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Significant estimates include real estate development costs to complete, valuation of real estate, valuation of acquired assets, valuation of goodwill, valuation of equity awards, valuation allowance on deferred tax assets and reserves for warranty and self-insured risks. Actual results could differ from those estimates.</font></div></div>

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