2017 Q2 Form 10-Q Financial Statement

#000156168017000084 Filed on July 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $570.6M $625.2M
YoY Change -8.73% 26.18%
Cost Of Revenue $455.5M $447.8M
YoY Change 1.72% 26.53%
Gross Profit $115.2M $177.4M
YoY Change -35.11% 25.28%
Gross Profit Margin 20.18% 28.38%
Selling, General & Admin $66.02M $62.93M
YoY Change 4.9% 16.77%
% of Gross Profit 57.33% 35.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $900.0K -$300.0K
YoY Change -400.0% -117.65%
% of Gross Profit 0.78% -0.17%
Operating Expenses $66.02M $62.93M
YoY Change 4.9% 16.77%
Operating Profit $48.79M $114.1M
YoY Change -57.25% 31.09%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net $44.00K $151.0K
YoY Change -70.86% -587.1%
Pretax Income $51.90M $116.1M
YoY Change -55.3% 33.45%
Income Tax $19.10M $41.90M
% Of Pretax Income 36.8% 36.09%
Net Earnings $32.71M $73.93M
YoY Change -55.75% 34.58%
Net Earnings / Revenue 5.73% 11.82%
Basic Earnings Per Share $0.21 $0.46
Diluted Earnings Per Share $0.21 $0.46
COMMON SHARES
Basic Shares Outstanding 155.6M shares 161.8M shares
Diluted Shares Outstanding 156.1M shares 162.3M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.9M $117.5M
YoY Change -2.21% -3.61%
Cash & Equivalents $114.9M $117.5M
Short-Term Investments
Other Short-Term Assets $19.60M $13.30M
YoY Change 47.37% -41.67%
Inventory $3.208B $2.840B
Prepaid Expenses
Receivables $26.70M $24.10M
Other Receivables $46.30M $10.60M
Total Short-Term Assets $3.416B $3.006B
YoY Change 13.64% 10.72%
LONG-TERM ASSETS
Property, Plant & Equipment $11.01M $7.531M
YoY Change 46.2% -28.35%
Goodwill $139.3M $139.3M
YoY Change 0.0% 0.0%
Intangibles $21.92M $22.46M
YoY Change -2.38% -2.33%
Long-Term Investments $18.80M $17.50M
YoY Change 7.43% 1.16%
Other Assets $121.5M $119.2M
YoY Change 1.93% -31.1%
Total Long-Term Assets $336.2M $330.6M
YoY Change 1.7% -15.78%
TOTAL ASSETS
Total Short-Term Assets $3.416B $3.006B
Total Long-Term Assets $336.2M $330.6M
Total Assets $3.752B $3.336B
YoY Change 12.46% 7.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.30M $79.80M
YoY Change -20.68% 56.47%
Accrued Expenses $227.7M $156.1M
YoY Change 45.87% 33.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $17.80M
YoY Change -100.0% 43.55%
Total Short-Term Liabilities $327.2M $281.8M
YoY Change 16.11% 30.04%
LONG-TERM LIABILITIES
Long-Term Debt $1.618B $1.265B
YoY Change 27.89% -1.76%
Other Long-Term Liabilities $14.10M $14.60M
YoY Change -3.42% -71.98%
Total Long-Term Liabilities $1.632B $1.280B
YoY Change 27.53% -4.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $327.2M $281.8M
Total Long-Term Liabilities $1.632B $1.280B
Total Liabilities $1.959B $1.561B
YoY Change 25.47% -1.07%
SHAREHOLDERS EQUITY
Retained Earnings $987.9M $854.3M
YoY Change 15.64%
Common Stock $790.0M $903.0M
YoY Change -12.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.778B $1.757B
YoY Change
Total Liabilities & Shareholders Equity $3.752B $3.336B
YoY Change 12.46% 7.37%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $32.71M $73.93M
YoY Change -55.75% 34.58%
Depreciation, Depletion And Amortization $900.0K -$300.0K
YoY Change -400.0% -117.65%
Cash From Operating Activities -$108.4M -$46.50M
YoY Change 133.12% -32.41%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$700.0K
YoY Change -14.29% 250.0%
Acquisitions
YoY Change
Other Investing Activities -$300.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$800.0K -$800.0K
YoY Change 0.0% 60.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 95.60M 20.80M
YoY Change 359.62% -75.41%
NET CHANGE
Cash From Operating Activities -108.4M -46.50M
Cash From Investing Activities -800.0K -800.0K
Cash From Financing Activities 95.60M 20.80M
Net Change In Cash -13.60M -26.50M
YoY Change -48.68% -273.2%
FREE CASH FLOW
Cash From Operating Activities -$108.4M -$46.50M
Capital Expenditures -$600.0K -$700.0K
Free Cash Flow -$107.8M -$45.80M
YoY Change 135.37% -33.24%

Facts In Submission

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CY2016Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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1685000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
2745000 USD
CY2017Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
1671000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
4160000 USD
CY2016Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
4688000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
7897000 USD
CY2017Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
5228000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
10318000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
182000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
CY2016Q2 us-gaap Financial Services Costs
FinancialServicesCosts
53000 USD
us-gaap Financial Services Costs
FinancialServicesCosts
111000 USD
CY2017Q2 us-gaap Financial Services Costs
FinancialServicesCosts
77000 USD
us-gaap Financial Services Costs
FinancialServicesCosts
151000 USD
CY2016Q2 us-gaap Financial Services Revenue
FinancialServicesRevenue
379000 USD
us-gaap Financial Services Revenue
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527000 USD
CY2017Q2 us-gaap Financial Services Revenue
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345000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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5788000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6055000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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2221000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
267000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
534000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
534000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
534000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
534000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
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4624000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30484000 USD
us-gaap General And Administrative Expense
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59015000 USD
CY2017Q2 us-gaap General And Administrative Expense
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33688000 USD
us-gaap General And Administrative Expense
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68337000 USD
CY2016Q4 us-gaap Goodwill
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139304000 USD
CY2017Q2 us-gaap Goodwill
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139304000 USD
CY2016Q2 us-gaap Home Building Costs
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432738000 USD
us-gaap Home Building Costs
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757237000 USD
CY2017Q2 us-gaap Home Building Costs
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454241000 USD
us-gaap Home Building Costs
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772645000 USD
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556925000 USD
us-gaap Home Building Revenue
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979980000 USD
CY2017Q2 us-gaap Home Building Revenue
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568816000 USD
us-gaap Home Building Revenue
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960820000 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
CY2016 us-gaap Impairment Of Real Estate
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0 USD
CY2017Q2 us-gaap Impairment Of Real Estate
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234000 USD
us-gaap Impairment Of Real Estate
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267000 USD
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116106000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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160306000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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51901000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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64732000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1499000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2200000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2802000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3206000 USD
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IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2017Q2 us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
0 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
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41913000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57403000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57400000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19098000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23712000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23700000 USD
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IncomeTaxReceivable
0 USD
CY2017Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
1336000 USD
us-gaap Income Taxes Paid Net
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55270000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10950000 USD
us-gaap Increase Decrease In Accounts Payable
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14978000 USD
us-gaap Increase Decrease In Accounts Payable
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-7001000 USD
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46875000 USD
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InsuranceSettlementsReceivable
46267000 USD
us-gaap Increase Decrease In Accounts Receivable
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-9717000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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-14871000 USD
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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27979000 USD
CY2017Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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27979000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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14171000 USD
us-gaap Increase Decrease In Inventories
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323305000 USD
us-gaap Increase Decrease In Inventories
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298007000 USD
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22191000 USD
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21924000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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589265 shares
us-gaap Increase Decrease In Other Operating Assets
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-1599000 USD
us-gaap Increase Decrease In Other Operating Assets
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-4638000 USD
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
363021 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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161495000 USD
CY2017Q2 us-gaap Intangible Assets Net Including Goodwill
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CY2016Q2 us-gaap Interest Costs Capitalized Adjustment
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16280000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
31429000 USD
CY2017Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
19931000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
38804000 USD
CY2016Q2 us-gaap Interest Costs Incurred
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16280000 USD
CY2016Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
16300000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
31400000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
31429000 USD
CY2017Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
19900000 USD
CY2017Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
19931000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
38800000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
38804000 USD
CY2016Q2 us-gaap Interest Expense
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0 USD
us-gaap Interest Expense
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0 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
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0 USD
us-gaap Interest Paid Capitalized
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31429000 USD
us-gaap Interest Paid Capitalized
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43573000 USD
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0 USD
us-gaap Interest Paid Net
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0 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
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11600000 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
11570000 USD
CY2017Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3143000 USD
CY2017Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3100000 USD
CY2016Q4 us-gaap Inventory Homes Under Construction
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659210000 USD
CY2017Q2 us-gaap Inventory Homes Under Construction
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1039687000 USD
CY2016Q4 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
226915000 USD
CY2017Q2 us-gaap Inventory Land Held For Development And Sale
InventoryLandHeldForDevelopmentAndSale
135695000 USD
CY2016Q4 us-gaap Inventory Real Estate
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2910627000 USD
CY2017Q2 us-gaap Inventory Real Estate
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3208341000 USD
CY2016Q4 us-gaap Inventory Real Estate Land And Land Development Costs
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1824989000 USD
CY2017Q2 us-gaap Inventory Real Estate Land And Land Development Costs
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1796335000 USD
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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17546000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
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3751997000 USD
CY2017Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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18787000 USD
CY2016Q2 us-gaap Land Sales
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67314000 USD
us-gaap Land Sales
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67669000 USD
CY2017Q2 us-gaap Land Sales
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865000 USD
us-gaap Land Sales
LandSales
1443000 USD
CY2016Q4 us-gaap Land Under Purchase Options Recorded
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26174000 USD
CY2017Q2 us-gaap Land Under Purchase Options Recorded
LandUnderPurchaseOptionsRecorded
33231000 USD
CY2016Q4 us-gaap Liabilities
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1716130000 USD
CY2017Q2 us-gaap Liabilities
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1959129000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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3564640000 USD
CY2016Q4 us-gaap Line Of Credit
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200000000 USD
CY2017Q2 us-gaap Line Of Credit
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150000000 USD
CY2016Q4 us-gaap Loans Payable
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13726000 USD
CY2017Q2 us-gaap Loans Payable
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0 USD
CY2015Q4 us-gaap Loss Contingency Receivable
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36500000 USD
CY2016Q4 us-gaap Loss Contingency Receivable
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38000000 USD
CY2016Q4 us-gaap Minority Interest
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19063000 USD
CY2017Q2 us-gaap Minority Interest
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14914000 USD
CY2016Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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6937000 USD
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MortgageLoansOnRealEstateCommercialAndConsumerNet
8602000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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90375000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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129237000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-1155000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2016Q2 us-gaap Net Income Loss
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73926000 USD
us-gaap Net Income Loss
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102476000 USD
CY2017Q2 us-gaap Net Income Loss
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32714000 USD
us-gaap Net Income Loss
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40907000 USD
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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267000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
427000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
89000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
113000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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73926000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
102476000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32714000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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40907000 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
CY2016Q2 us-gaap Operating Income Loss
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114130000 USD
us-gaap Operating Income Loss
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157424000 USD
CY2017Q2 us-gaap Operating Income Loss
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48787000 USD
us-gaap Operating Income Loss
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60970000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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2449000 USD
us-gaap Proceeds From Minority Shareholders
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1810000 USD
us-gaap Other Real Estate Revenue
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1168000 USD
us-gaap Proceeds From Minority Shareholders
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0 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
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44000 USD
us-gaap Other Nonoperating Income Expense
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121000 USD
CY2016Q2 us-gaap Other Real Estate Revenue
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604000 USD
us-gaap Other Real Estate Revenue
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1184000 USD
CY2017Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
600000 USD
CY2016Q4 us-gaap Other Assets
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60592000 USD
CY2017Q2 us-gaap Other Assets
OtherAssets
58111000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous
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2812000 USD
CY2017Q2 us-gaap Other Assets Miscellaneous
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2332000 USD
CY2016Q2 us-gaap Other Cost And Expense Operating
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583000 USD
us-gaap Other Cost And Expense Operating
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1149000 USD
CY2017Q2 us-gaap Other Cost And Expense Operating
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591000 USD
us-gaap Other Cost And Expense Operating
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1151000 USD
CY2016Q4 us-gaap Other Liabilities
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17661000 USD
CY2017Q2 us-gaap Other Liabilities
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14059000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
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151000 USD
us-gaap Other Nonoperating Income Expense
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266000 USD
us-gaap Payments For Repurchase Of Common Stock
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14698000 USD
us-gaap Payments For Repurchase Of Common Stock
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99697000 USD
us-gaap Payments Of Debt Issuance Costs
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5110000 USD
us-gaap Payments Of Debt Issuance Costs
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5906000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1359000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2896000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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32000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
462000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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1123000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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1793000 USD
us-gaap Payments To Minority Shareholders
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3921000 USD
us-gaap Payments To Minority Shareholders
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987000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Shares Authorized
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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
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0 USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
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24495000 USD
CY2017Q2 us-gaap Prepaid Expense Current And Noncurrent
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19562000 USD
us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
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0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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392758000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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450000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
18000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000 USD
CY2015Q4 us-gaap Product Warranty Accrual
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45948000 USD
CY2016Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
45419000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
45272000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
83135000 USD
CY2017Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
80953000 USD
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
80128000 USD
CY2016Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3378000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5980000 USD
CY2017Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5318000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9302000 USD
CY2016Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
260000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
260000 USD
CY2017Q2 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
699000 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
621000 USD
CY2016Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2971000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5044000 USD
CY2017Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3794000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5674000 USD
CY2016Q2 us-gaap Production Related Impairments Or Charges
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107000 USD
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
289000 USD
CY2017Q2 us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
507000 USD
us-gaap Production Related Impairments Or Charges
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828000 USD
CY2016Q2 us-gaap Profit Loss
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74193000 USD
us-gaap Profit Loss
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102903000 USD
CY2016 us-gaap Profit Loss
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196133000 USD
CY2017Q2 us-gaap Profit Loss
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32803000 USD
us-gaap Profit Loss
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41020000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
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10884000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
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11010000 USD
CY2016Q4 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
2569000 USD
CY2017Q2 us-gaap Real Estate Held For Development And Sale
RealEstateHeldForDevelopmentAndSale
2569000 USD
CY2015Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
140311000 USD
CY2016Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
146630000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
151347000 USD
CY2016Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
157329000 USD
CY2017Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
166515000 USD
CY2017Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
173261000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
11563000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
20393000 USD
CY2017Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
13185000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales1
RealEstateInventoryCapitalizedInterestCostsCostOfSales1
22872000 USD
CY2016Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
16280000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
31429000 USD
CY2017Q2 us-gaap Revenues
Revenues
570626000 USD
us-gaap Revenues
Revenues
964017000 USD
CY2017Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
19931000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
38804000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3557703000 USD
CY2017Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3743395000 USD
CY2016Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
624843000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
1048833000 USD
CY2017Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
570281000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
963431000 USD
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
276826000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
213726000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
947039000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
987946000 USD
CY2016Q2 us-gaap Revenues
Revenues
625222000 USD
us-gaap Revenues
Revenues
1049360000 USD
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
32448000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
58769000 USD
CY2017Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
32330000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
59030000 USD
CY2016Q4 us-gaap Senior Notes
SeniorNotes
1168307000 USD
CY2017Q2 us-gaap Senior Notes
SeniorNotes
1467861000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6363000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7744000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
587000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2449000 USD
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2017Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
7979618 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
8019005 shares
CY2017Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
99200000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
99700000 USD
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
42082000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
99697000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1829447000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
1777954000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1686463000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1848510000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1792868000 USD
CY2016Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
8589000 USD
CY2017Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
8610000 USD
CY2017Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.43
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.43
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161826275 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161882378 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
155603699 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
157335296 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162259283 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162245399 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156140543 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
157924561 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 the prior year periods have been reclassified to conform to the presentation of the current year periods, including the Company's reclassification of restructuring charges, which was presented as a separate line item on the consolidated statement of operations in the prior year, and has been reclassified to general and administrative expense for both the current and prior years. This reclassification had no material impact on the Company's condensed consolidated financial statements.</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;">The preparation of our 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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