2016 Q4 Form 10-Q Financial Statement

#000156168016000039 Filed on October 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $773.8M $582.0M $648.1M
YoY Change -12.1% -10.2% 35.62%
Cost Of Revenue $617.7M $464.6M $511.6M
YoY Change -8.91% -9.19% 31.75%
Gross Profit $156.1M $117.4M $136.6M
YoY Change -22.06% -14.04% 52.35%
Gross Profit Margin 20.17% 20.17% 21.07%
Selling, General & Admin $70.90M $63.13M $56.77M
YoY Change -0.84% 11.2% 15.06%
% of Gross Profit 45.43% 53.77% 41.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $800.0K $800.0K $2.200M
YoY Change -72.41% -63.64% -50.0%
% of Gross Profit 0.51% 0.68% 1.61%
Operating Expenses $71.00M $63.13M $56.77M
YoY Change -0.98% 11.2% 15.06%
Operating Profit $85.07M $54.03M $77.49M
YoY Change -33.82% -30.27% 132.86%
Interest Expense $1.600M $0.00 $0.00
YoY Change -42.86% -100.0%
% of Operating Profit 1.88% 0.0% 0.0%
Other Income/Expense, Net $0.00 $21.00K $47.00K
YoY Change -100.0% -55.32% -90.58%
Pretax Income $86.50M $55.44M $77.79M
YoY Change -34.12% -28.73% 357.97%
Income Tax $28.40M $20.30M $28.00M
% Of Pretax Income 32.83% 36.61% 35.99%
Net Earnings $57.86M $34.83M $50.16M
YoY Change -31.99% -30.56% 357.47%
Net Earnings / Revenue 7.48% 5.98% 7.74%
Basic Earnings Per Share $0.36 $0.22 $0.31
Diluted Earnings Per Share $0.36 $0.22 $0.31
COMMON SHARES
Basic Shares Outstanding 160.1M shares 160.6M shares 161.8M shares
Diluted Shares Outstanding 161.3M shares 162.4M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $208.7M $128.7M $97.00M
YoY Change -2.7% 32.68% -34.33%
Cash & Equivalents $208.7M $128.7M $96.99M
Short-Term Investments
Other Short-Term Assets $24.50M $14.90M $21.00M
YoY Change 68.97% -29.05% -22.51%
Inventory $2.911B $2.969B $2.576B
Prepaid Expenses
Receivables $35.60M $25.60M $22.10M
Other Receivables $46.90M $20.40M $12.60M
Total Short-Term Assets $3.226B $3.159B $2.729B
YoY Change 15.56% 15.74% 10.32%
LONG-TERM ASSETS
Property, Plant & Equipment $10.88M $9.525M $8.869M
YoY Change 42.4% 7.4%
Goodwill $139.3M $139.3M $139.3M
YoY Change 0.0% 0.0% 5.17%
Intangibles $22.19M $22.33M $22.86M
YoY Change -2.35% -2.34%
Long-Term Investments $17.50M $17.20M $17.30M
YoY Change -7.89% -0.58% 7.45%
Other Assets $125.3M $114.2M $165.1M
YoY Change -5.65% -30.83% -0.72%
Total Long-Term Assets $338.3M $331.2M $382.7M
YoY Change -2.23% -13.46% 1.33%
TOTAL ASSETS
Total Short-Term Assets $3.226B $3.159B $2.729B
Total Long-Term Assets $338.3M $331.2M $382.7M
Total Assets $3.565B $3.490B $3.112B
YoY Change 13.59% 12.15% 9.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.30M $77.70M $67.70M
YoY Change 8.49% 14.77% 8.32%
Accrued Expenses $224.7M $174.2M $136.3M
YoY Change 30.72% 27.81% 16.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.70M $17.80M $7.600M
YoY Change 470.83% 134.21%
Total Short-Term Liabilities $330.7M $298.1M $239.9M
YoY Change 27.14% 24.26% 12.1%
LONG-TERM LIABILITIES
Long-Term Debt $1.368B $1.367B $1.238B
YoY Change 17.14% 10.4% 6.33%
Other Long-Term Liabilities $17.10M $16.70M $46.10M
YoY Change -26.61% -63.77% -7.06%
Total Long-Term Liabilities $1.385B $1.383B $1.284B
YoY Change 16.28% 7.73% 5.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $330.7M $298.1M $239.9M
Total Long-Term Liabilities $1.385B $1.383B $1.284B
Total Liabilities $1.716B $1.682B $1.524B
YoY Change 18.22% 10.33% 6.74%
SHAREHOLDERS EQUITY
Retained Earnings $947.0M $889.2M $666.8M
YoY Change 25.96% 33.35% 32.04%
Common Stock $882.4M $896.3M $909.4M
YoY Change -3.33% -1.44% 56278.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.829B $1.785B $1.576B
YoY Change
Total Liabilities & Shareholders Equity $3.565B $3.490B $3.112B
YoY Change 13.59% 12.15% 9.13%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $57.86M $34.83M $50.16M
YoY Change -31.99% -30.56% 357.47%
Depreciation, Depletion And Amortization $800.0K $800.0K $2.200M
YoY Change -72.41% -63.64% -50.0%
Cash From Operating Activities $103.0M -$75.10M $37.10M
YoY Change -39.77% -302.43% -115.14%
INVESTING ACTIVITIES
Capital Expenditures -$1.900M -$1.000M -$500.0K
YoY Change -733.33% 100.0% -72.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% -99.62%
Cash From Investing Activities -$1.900M -$900.0K -$300.0K
YoY Change -246.15% 200.0% -100.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.10M 87.20M -61.60M
YoY Change -61.57% -241.56% -89.86%
NET CHANGE
Cash From Operating Activities 103.0M -75.10M 37.10M
Cash From Investing Activities -1.900M -900.0K -300.0K
Cash From Financing Activities -21.10M 87.20M -61.60M
Net Change In Cash 80.00M 11.20M -24.80M
YoY Change -31.86% -145.16% -96.9%
FREE CASH FLOW
Cash From Operating Activities $103.0M -$75.10M $37.10M
Capital Expenditures -$1.900M -$1.000M -$500.0K
Free Cash Flow $104.9M -$74.10M $37.60M
YoY Change -38.55% -297.07% -115.46%

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CY2016Q3 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
0 USD
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2015Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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28264000 USD
CY2016Q3 us-gaap Employee Related Liabilities Current And Noncurrent
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23126000 USD
CY2016Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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20300000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M10D
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
125810000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
119702000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
18999000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital
17205000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
14443000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
12932000 USD
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
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125810000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
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119702000 USD
CY2016Q3 us-gaap General And Administrative Expense
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31150000 USD
us-gaap General And Administrative Expense
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89815000 USD
CY2015Q4 us-gaap Goodwill
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CY2016Q3 us-gaap Goodwill
Goodwill
139304000 USD
CY2015Q3 us-gaap Home Building Costs
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507543000 USD
us-gaap Home Building Costs
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1149191000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
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89565000 USD
CY2015Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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-525000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-1606000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
1707000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
4452000 USD
CY2015Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1217000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
2670000 USD
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
4619000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
12516000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
392000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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170000 USD
CY2015Q3 us-gaap Financial Services Costs
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47000 USD
us-gaap Financial Services Costs
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131000 USD
CY2016Q3 us-gaap Financial Services Costs
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72000 USD
us-gaap Financial Services Costs
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183000 USD
CY2015Q3 us-gaap Financial Services Revenue
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300000 USD
us-gaap Financial Services Revenue
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482000 USD
CY2016Q3 us-gaap Financial Services Revenue
FinancialServicesRevenue
235000 USD
us-gaap Financial Services Revenue
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762000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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5254000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5654000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2755000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
134000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
534000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
534000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
534000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
534000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5025000 USD
CY2015Q3 us-gaap General And Administrative Expense
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26736000 USD
us-gaap General And Administrative Expense
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83150000 USD
CY2016Q3 us-gaap Home Building Costs
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462323000 USD
us-gaap Home Building Costs
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1219560000 USD
CY2015Q3 us-gaap Home Building Revenue
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642352000 USD
us-gaap Home Building Revenue
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1443855000 USD
CY2016Q3 us-gaap Home Building Revenue
HomeBuildingRevenue
578653000 USD
us-gaap Home Building Revenue
HomeBuildingRevenue
1558633000 USD
CY2015Q3 us-gaap Impairment Of Real Estate
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29000 USD
us-gaap Impairment Of Real Estate
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1073000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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22725000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
22325000 USD
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
162029000 USD
CY2016Q3 us-gaap Intangible Assets Net Including Goodwill
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161629000 USD
CY2016Q3 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
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0 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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77790000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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187916000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
55443000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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215749000 USD
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-84000 USD
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1227000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3427000 USD
CY2015Q3 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2016Q3 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28021000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66088000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20300000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20298000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77701000 USD
CY2015Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
0 USD
CY2016Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
10633000 USD
us-gaap Income Taxes Paid Net
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44394000 USD
us-gaap Income Taxes Paid Net
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89269000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1113000 USD
us-gaap Increase Decrease In Accounts Payable
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12827000 USD
us-gaap Increase Decrease In Accounts Receivable
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12803000 USD
us-gaap Increase Decrease In Accounts Receivable
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-8549000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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195000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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5876000 USD
us-gaap Increase Decrease In Inventories
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305889000 USD
us-gaap Increase Decrease In Inventories
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442671000 USD
us-gaap Increase Decrease In Other Operating Assets
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-25490000 USD
us-gaap Increase Decrease In Other Operating Assets
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16806000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
593851 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
648105 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
653454 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
459832 shares
CY2015Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
10493000 USD
CY2015Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
10500000 USD
CY2016Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
9700000 USD
CY2016Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
9702000 USD
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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27979000 USD
CY2016Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
27979000 USD
CY2015Q3 us-gaap Interest Costs Capitalized Adjustment
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15454000 USD
us-gaap Interest Costs Capitalized Adjustment
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45779000 USD
CY2015Q4 us-gaap Loans Payable
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2434000 USD
CY2016Q3 us-gaap Loans Payable
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17758000 USD
CY2015Q4 us-gaap Minority Interest
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21780000 USD
CY2016Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
18601000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
50030000 USD
CY2015Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
15500000 USD
CY2015Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
15454000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
45800000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
45779000 USD
CY2016Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
18601000 USD
CY2016Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
18600000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
50000000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
50030000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
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0 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Paid Net
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0 USD
us-gaap Interest Paid Net
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0 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
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2400000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2417000 USD
CY2016Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
19200000 USD
CY2016Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
19240000 USD
CY2015Q4 us-gaap Inventory Homes Under Construction
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575076000 USD
CY2016Q3 us-gaap Inventory Homes Under Construction
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757707000 USD
CY2015Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
295241000 USD
CY2016Q3 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
298841000 USD
CY2015Q4 us-gaap Inventory Real Estate
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2519273000 USD
CY2016Q3 us-gaap Inventory Real Estate
InventoryRealEstate
2969148000 USD
CY2015Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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1443461000 USD
CY2016Q3 us-gaap Inventory Real Estate Land And Land Development Costs
InventoryRealEstateLandAndLandDevelopmentCosts
1720126000 USD
CY2015Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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18999000 USD
CY2016Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17205000 USD
CY2015Q3 us-gaap Land Sales
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4876000 USD
us-gaap Land Sales
LandSales
74366000 USD
CY2016Q3 us-gaap Land Sales
LandSales
2535000 USD
us-gaap Land Sales
LandSales
70204000 USD
CY2015Q4 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
39055000 USD
CY2016Q3 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
29608000 USD
CY2015Q4 us-gaap Liabilities
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1451608000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
1681545000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3138071000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3489903000 USD
CY2015Q4 us-gaap Liability For Uncertain Tax Positions Current
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307000 USD
CY2016Q3 us-gaap Liability For Uncertain Tax Positions Current
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0 USD
CY2015Q4 us-gaap Line Of Credit
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299392000 USD
CY2016Q3 us-gaap Line Of Credit
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200000000 USD
us-gaap Other Cost And Expense Operating
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1724000 USD
CY2015Q4 us-gaap Other Liabilities
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20590000 USD
CY2016Q3 us-gaap Other Liabilities
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16732000 USD
CY2016Q3 us-gaap Minority Interest
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22898000 USD
CY2015Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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2076000 USD
CY2016Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
5418000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
68573000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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177625000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-2198000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-2088000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-140011000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-261307000 USD
CY2015Q3 us-gaap Net Income Loss
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50162000 USD
us-gaap Net Income Loss
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120389000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
34834000 USD
us-gaap Net Income Loss
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137310000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1439000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
311000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
738000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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50162000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120389000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34834000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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137310000 USD
us-gaap Number Of Operating Segments
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6 segment
us-gaap Number Of Reportable Segments
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6 segment
CY2015Q3 us-gaap Operating Income Loss
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77493000 USD
us-gaap Operating Income Loss
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187377000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
54032000 USD
us-gaap Operating Income Loss
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211456000 USD
CY2015Q4 us-gaap Other Assets
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48918000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
65998000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
3157000 USD
CY2016Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2700000 USD
CY2015Q3 us-gaap Other Cost And Expense Operating
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570000 USD
us-gaap Other Cost And Expense Operating
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1704000 USD
CY2016Q3 us-gaap Other Cost And Expense Operating
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575000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
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47000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
272000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
21000 USD
us-gaap Other Nonoperating Income Expense
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287000 USD
CY2015Q3 us-gaap Other Real Estate Revenue
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613000 USD
us-gaap Other Real Estate Revenue
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2213000 USD
CY2016Q3 us-gaap Other Real Estate Revenue
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606000 USD
us-gaap Other Real Estate Revenue
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1790000 USD
CY2015Q4 us-gaap Other Receivables
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300000 USD
us-gaap Selling And Marketing Expense
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90621000 USD
CY2015Q4 us-gaap Senior Notes
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CY2016Q3 us-gaap Senior Notes
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1166724000 USD
CY2015Q3 us-gaap Severance Costs1
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1433000 USD
us-gaap Severance Costs1
SeveranceCosts1
1568000 USD
CY2016Q3 us-gaap Severance Costs1
SeveranceCosts1
5000 USD
CY2016Q3 us-gaap Other Receivables
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0 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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25113000 USD
us-gaap Payments Of Debt Issuance Costs
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2688000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5061000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2190000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1359000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
1458000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
32000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1059000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2056000 USD
us-gaap Payments To Minority Shareholders
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9198000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5059000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
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14523000 USD
CY2016Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
14899000 USD
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
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319000 USD
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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140000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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491069000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1616000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
461000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
4281000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1955000 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
33270000 USD
CY2015Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
35375000 USD
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
36743000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
45948000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
45272000 USD
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
45665000 USD
CY2015Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2819000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8240000 USD
CY2016Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3136000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9116000 USD
CY2015Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-14000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1286000 USD
CY2016Q3 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
200000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
460000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8373000 USD
CY2015Q3 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
365000 USD
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
1903000 USD
CY2016Q3 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
389000 USD
CY2015Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4201000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
10427000 USD
CY2016Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3329000 USD
us-gaap Restructuring Charges
RestructuringCharges
478000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
751868000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
889178000 USD
CY2015Q3 us-gaap Revenues
Revenues
648141000 USD
us-gaap Revenues
Revenues
1520916000 USD
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
678000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
49769000 USD
us-gaap Profit Loss
ProfitLoss
121828000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
207181000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
35145000 USD
us-gaap Profit Loss
ProfitLoss
138048000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7643000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9525000 USD
CY2015Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
4360000 USD
CY2016Q3 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
4227000 USD
CY2014Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
124461000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
140106000 USD
CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
142221000 USD
CY2015Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
140311000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
151347000 USD
CY2016Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
155533000 USD
CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
13339000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
28019000 USD
CY2016Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
14415000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
34808000 USD
CY2015Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
15454000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
45779000 USD
CY2016Q3 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
18601000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
50030000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3135995000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3484485000 USD
CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
647841000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1520434000 USD
CY2016Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
581794000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1630627000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
57713000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
276826000 USD
CY2015Q3 us-gaap Restructuring Charges
RestructuringCharges
2010000 USD
us-gaap Restructuring Charges
RestructuringCharges
2730000 USD
CY2016Q3 us-gaap Restructuring Charges
RestructuringCharges
128000 USD
CY2016Q3 us-gaap Revenues
Revenues
582029000 USD
us-gaap Revenues
Revenues
1631389000 USD
CY2015Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
30038000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
78958000 USD
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
31852000 USD
us-gaap Severance Costs1
SeveranceCosts1
30000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8536000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9648000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1616000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
461000 USD
CY2016Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2016Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
852500 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2105521 shares
CY2016Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
10400000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
25100000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
25113000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1664683000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
1785460000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1472476000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1686463000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1808358000 USD
CY2015Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
8900000 USD
CY2016Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
8999000 USD
CY2016Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.22
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.93
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
307000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162366744 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162299282 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
161267509 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
161916352 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161772893 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161651177 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160614055 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161456520 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in our consolidated financial statements for prior years have been reclassified to conform to the current period presentation</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates.</font></div></div>

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