XML 21 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating revenue      
Home sales $ 1,078,928 $ 857,025 $ 521,310
Lots, land and other sales 2,500 1,926 18,692
Construction services 25,124 37,728 32,533
Operating revenue 1,106,552 896,679 572,535
Operating costs      
Cost of sales — homes (878,995) (677,531) (405,496)
Cost of sales — lots, land and other (1,729) (1,529) (14,692)
Construction services (21,181) (30,700) (25,598)
Sales and marketing (61,539) (45,903) (26,102)
General and administrative (59,161) (54,626) (40,770)
Transaction expenses 0 (5,832) 0
Amortization of intangible assets (957) (1,814) (1,854)
Other (1,972) (2,874) (2,166)
Operating costs (1,025,534) (820,809) (516,678)
Operating income 81,018 75,870 55,857
Interest expense, net of amounts capitalized 0 0 (2,602)
Equity in income of unconsolidated joint ventures 3,239 555 0
Other income, net 2,810 1,898 510
Income before reorganization items and (provision) benefit from income taxes 87,067 78,323 53,765
Reorganization items, net 0 0 (464)
Income before (provision) benefit for income taxes 87,067 78,323 53,301
(Provision) benefit for income taxes (26,806) (23,797) 82,302
Net income 60,261 54,526 135,603
Less: Net income attributable to noncontrolling interests (2,925) (9,901) (6,471)
Net income attributable to William Lyon Homes 57,336 44,625 129,132
Preferred stock dividends 0 0 (1,528)
Net income available to common stockholders $ 57,336 $ 44,625 $ 127,604
Income per common share:      
Basic (in USD per share) $ 1.57 $ 1.41 $ 5.16
Diluted (in USD per share) $ 1.48 $ 1.34 $ 4.95
Weighted average common shares outstanding:      
Basic (in shares) 36,546,227 31,753,110 24,736,841
Diluted (in shares) 38,767,556 33,236,343 25,796,197