2017 Q2 Form 10-Q Financial Statement

#000162828017007874 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $908.5M $854.3M
YoY Change 6.34% 21.88%
Cost Of Revenue $737.1M $694.6M
YoY Change 6.11% 23.09%
Gross Profit $171.4M $159.8M
YoY Change 7.3% 16.9%
Gross Profit Margin 18.87% 18.7%
Selling, General & Admin $95.41M $90.89M
YoY Change 4.97% 27.61%
% of Gross Profit 55.66% 56.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000M $900.0K
YoY Change 11.11% -10.0%
% of Gross Profit 0.58% 0.56%
Operating Expenses $95.41M $90.89M
YoY Change 4.97% 27.61%
Operating Profit $76.01M $68.86M
YoY Change 10.38% 5.24%
Interest Expense $3.200M $2.300M
YoY Change 39.13% 76.92%
% of Operating Profit 4.21% 3.34%
Other Income/Expense, Net -$675.0K -$3.397M
YoY Change -80.13% 0.47%
Pretax Income $78.41M $67.77M
YoY Change 15.7% 126.19%
Income Tax $22.48M $22.10M
% Of Pretax Income 28.67% 32.62%
Net Earnings $27.40M $11.69M
YoY Change 134.5% 130.16%
Net Earnings / Revenue 3.02% 1.37%
Basic Earnings Per Share $0.46 $0.37
Diluted Earnings Per Share $0.46 $0.37
COMMON SHARES
Basic Shares Outstanding 58.98M shares 31.57M shares
Diluted Shares Outstanding 121.1M shares 121.1M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $246.5M $131.9M
YoY Change 86.88% -9.35%
Cash & Equivalents $246.5M $131.9M
Short-Term Investments
Other Short-Term Assets $76.20M $83.30M
YoY Change -8.52% -16.62%
Inventory $3.200B $3.243B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.624B $3.585B
YoY Change 1.1% 8.36%
LONG-TERM ASSETS
Property, Plant & Equipment $5.933M $6.334M
YoY Change -6.33% 11.32%
Goodwill $66.20M $66.20M
YoY Change 0.0% 103.69%
Intangibles $2.660M $3.718M
YoY Change -28.46% -34.74%
Long-Term Investments $231.9M $188.5M
YoY Change 23.02% 14.45%
Other Assets $325.4M $381.7M
YoY Change -14.75% 5.27%
Total Long-Term Assets $633.9M $646.4M
YoY Change -1.93% 13.15%
TOTAL ASSETS
Total Short-Term Assets $3.624B $3.585B
Total Long-Term Assets $633.9M $646.4M
Total Assets $4.258B $4.231B
YoY Change 0.64% 9.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.6M $151.1M
YoY Change 11.58% -0.13%
Accrued Expenses $175.6M $175.3M
YoY Change 0.17% 0.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $210.7M
YoY Change -100.0% 100.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $538.7M $692.5M
YoY Change -22.21% 23.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.455B $1.513B
YoY Change -3.85% 4.71%
Other Long-Term Liabilities $4.000M $600.0K
YoY Change 566.67% -76.92%
Total Long-Term Liabilities $1.459B $1.513B
YoY Change -3.62% 4.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $538.7M $692.5M
Total Long-Term Liabilities $1.459B $1.513B
Total Liabilities $1.997B $2.206B
YoY Change -9.46% 9.9%
SHAREHOLDERS EQUITY
Retained Earnings $265.8M $194.5M
YoY Change 36.65% 33.23%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $43.52M $39.69M
YoY Change 9.66%
Treasury Stock Shares 2.853M shares 2.606M shares
Shareholders Equity $1.345B $515.5M
YoY Change
Total Liabilities & Shareholders Equity $4.258B $4.231B
YoY Change 0.64% 9.07%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $27.40M $11.69M
YoY Change 134.5% 130.16%
Depreciation, Depletion And Amortization $1.000M $900.0K
YoY Change 11.11% -10.0%
Cash From Operating Activities -$47.90M $82.30M
YoY Change -158.2% -167.07%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K $500.0K
YoY Change -220.0% -141.67%
Acquisitions
YoY Change
Other Investing Activities -$6.100M -$4.800M
YoY Change 27.08% -93.83%
Cash From Investing Activities -$6.800M -$4.300M
YoY Change 58.14% -94.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 600.0K -87.20M
YoY Change -100.69% 66.73%
NET CHANGE
Cash From Operating Activities -47.90M 82.30M
Cash From Investing Activities -6.800M -4.300M
Cash From Financing Activities 600.0K -87.20M
Net Change In Cash -54.10M -9.200M
YoY Change 488.04% -96.38%
FREE CASH FLOW
Cash From Operating Activities -$47.90M $82.30M
Capital Expenditures -$600.0K $500.0K
Free Cash Flow -$47.30M $81.80M
YoY Change -157.82% -167.33%

Facts In Submission

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us-gaap Impairment Of Real Estate
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0 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
33683000 USD
CY2017Q2 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
52790000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
28322000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
54164000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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67768000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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106759000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
78406000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
132880000 USD
us-gaap Income Loss From Equity Method Investments
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3087000 USD
CY2016Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
400000 USD
CY2017Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
600000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22104000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34991000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22476000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41349000 USD
us-gaap Income Taxes Paid Net
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58144000 USD
us-gaap Income Taxes Paid Net
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46133000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-21584000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-641000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-22185000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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1507000 USD
us-gaap Increase Decrease In Customer Deposits
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47049000 USD
us-gaap Increase Decrease In Customer Deposits
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70867000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
62906000 USD
us-gaap Increase Decrease In Inventories
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200801000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-43734000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-132989000 USD
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
379000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
331000 shares
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3189000 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
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2660000 USD
CY2016Q2 us-gaap Interest Income Expense Net
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15000 USD
us-gaap Interest Income Expense Net
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102000 USD
CY2017Q2 us-gaap Interest Income Expense Net
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89000 USD
us-gaap Interest Income Expense Net
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179000 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
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17233000 USD
CY2017Q2 us-gaap Interest Payable Current And Noncurrent
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16991000 USD
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3017219000 USD
CY2017Q2 us-gaap Inventory Real Estate
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3200027000 USD
CY2016Q4 us-gaap Inventory Real Estate Construction In Process
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650036000 USD
CY2017Q2 us-gaap Inventory Real Estate Construction In Process
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774939000 USD
CY2016Q4 us-gaap Inventory Real Estate Held For Sale
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2074651000 USD
CY2017Q2 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
2155644000 USD
CY2016 us-gaap Inventory Write Down
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3500000 USD
CY2017Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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178878000 USD
CY2016Q2 us-gaap Land Sales
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10936000 USD
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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157909000 USD
CY2017Q2 us-gaap Liabilities
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1997154000 USD
us-gaap Land Sales
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17540000 USD
CY2017Q2 us-gaap Land Sales
LandSales
3764000 USD
us-gaap Land Sales
LandSales
7120000 USD
CY2016Q4 us-gaap Land Under Purchase Options Recorded
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37200000 USD
CY2017Q2 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
53000000 USD
CY2016Q4 us-gaap Letters Of Credit Outstanding Amount
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302800000 USD
CY2017Q2 us-gaap Letters Of Credit Outstanding Amount
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310500000 USD
CY2016Q4 us-gaap Liabilities
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2060724000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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4220926000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
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4258086000 USD
CY2016Q4 us-gaap Line Of Credit
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0 USD
CY2017Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2016Q4 us-gaap Loans Payable
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150485000 USD
CY2017Q2 us-gaap Loans Payable
LoansPayable
152762000 USD
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233184000 USD
CY2017Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
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110906000 USD
CY2016Q4 us-gaap Long Term Debt
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1586533000 USD
CY2017Q2 us-gaap Long Term Debt
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1454547000 USD
us-gaap Minority Interest Decrease From Redemptions
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750194000 USD
CY2016Q4 us-gaap Minority Interest In Joint Ventures
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1525000 USD
CY2017Q2 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
1623000 USD
CY2016Q4 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
1606867000 USD
CY2017Q2 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
914809000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13033000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-132470000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-72988000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-21224000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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65666000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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99970000 USD
CY2016Q2 us-gaap Net Income Loss
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11685000 USD
us-gaap Net Income Loss
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18498000 USD
CY2017Q2 us-gaap Net Income Loss
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27401000 USD
us-gaap Net Income Loss
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37169000 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
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
125000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
152000 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
CY2017Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
207000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable
198000 USD
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3397000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6564000 USD
CY2017Q2 us-gaap Nonoperating Income Expense
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-675000 USD
CY2016Q4 us-gaap Number Of Real Estate Properties
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27986 Lot
CY2017Q2 us-gaap Number Of Real Estate Properties
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27376 Lot
us-gaap Number Of Reportable Segments
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4 Segment
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45230000 USD
CY2017Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
38700000 USD
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1008565000 USD
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826204000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-447000 USD
CY2016Q2 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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-447000 USD
CY2017Q2 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
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-447000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 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
CY2017Q2 us-gaap Other Financial Services Costs
OtherFinancialServicesCosts
10102000 USD
us-gaap Other Financial Services Costs
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18804000 USD
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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115246000 USD
CY2017Q2 us-gaap Other Receivables
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101453000 USD
us-gaap Payments For Repurchase Of Common Stock
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24710000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
289000 USD
us-gaap Payments To Acquire Businesses Gross
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52819000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
21638000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
23604000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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187000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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915000 USD
us-gaap Payments To Minority Shareholders
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0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
884303000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
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73425000 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
76244000 USD
us-gaap Proceeds From Payments To Minority Shareholders
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86000 USD
us-gaap Proceeds From Payments To Minority Shareholders
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-100000 USD
us-gaap Proceeds From Bank Debt
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36631000 USD
us-gaap Proceeds From Bank Debt
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8643000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
882306000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
527027000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
388353000 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
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
50550000 USD
CY2017Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
52416000 USD
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
54084000 USD
CY2016Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5962000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
12547000 USD
CY2017Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
6593000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9928000 USD
CY2016Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2094000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3008000 USD
CY2017Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1517000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2419000 USD
CY2016Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5015000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
10783000 USD
CY2017Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
6744000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
11043000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
45664000 USD
us-gaap Profit Loss
ProfitLoss
71768000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
55930000 USD
us-gaap Profit Loss
ProfitLoss
91531000 USD
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6586000 USD
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5933000 USD
CY2016Q4 us-gaap Purchase Options Land
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542600000 USD
CY2017Q2 us-gaap Purchase Options Land
PurchaseOptionsLand
523500000 USD
CY2016Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
183638000 USD
CY2017Q2 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
164951000 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
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RealEstateInventoryCapitalizedInterestCosts
102642000 USD
CY2017Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
103059000 USD
CY2017Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
100490000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
22100000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
38530000 USD
CY2017Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
23280000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
43577000 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
CY2017Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
20711000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
41425000 USD
CY2016Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
854316000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1499645000 USD
CY2017Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
908494000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1677584000 USD
us-gaap Repayments Of Bank Debt
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30529000 USD
us-gaap Repayments Of Bank Debt
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8047000 USD
us-gaap Repayments Of Lines Of Credit
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592372000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
523767000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
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1633000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents
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1611000 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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228613000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
265782000 USD
CY2016Q2 us-gaap Revenue Other Financial Services
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13498000 USD
us-gaap Revenue Other Financial Services
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23136000 USD
CY2017Q2 us-gaap Revenue Other Financial Services
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15634000 USD
us-gaap Revenue Other Financial Services
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29883000 USD
CY2016Q2 us-gaap Selling And Marketing Expense
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59182000 USD
us-gaap Selling And Marketing Expense
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107023000 USD
CY2017Q2 us-gaap Selling And Marketing Expense
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61516000 USD
us-gaap Selling And Marketing Expense
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117133000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
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90892000 USD
us-gaap Selling General And Administrative Expense
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168157000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
95410000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
184155000 USD
CY2016Q4 us-gaap Senior Notes
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1237484000 USD
CY2017Q2 us-gaap Senior Notes
SeniorNotes
1238635000 USD
us-gaap Share Based Compensation
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5917000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6850000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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54912 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
785132 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2431347 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2900231 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.09
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.52
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
918087 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
19.62
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.12
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
17.86
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
748198000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4734000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
551810000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
1344500000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2160202000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2260932000 USD
CY2016Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
10528000 USD
CY2017Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
12035000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2853433 shares
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
2853433 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
43524000 USD
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
43524000 USD
CY2016Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
198564000 USD
CY2017Q2 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
63150000 USD
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
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121061000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120895000 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
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58977000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48822000 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
CY2017Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1075000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
976000 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 for cash, cash equivalents, and restricted cash on the Condensed Consolidated Statements of Cash Flows have been reclassified to conform with current period financial statement presentation as a result of adopting Accounting Standards Update ("ASU") 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash.</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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