XML 62 R49.htm IDEA: XBRL DOCUMENT v3.4.0.3
Senior Notes, Secured, and Unsecured Indebtedness - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenue    
Sales $ 261,295 $ 189,715
Construction services 3,130 7,453
Management fees 0 0
Operating revenue 264,425 197,168
Operating costs    
Cost of sales — homes (215,171) (154,081)
Construction services (2,824) (6,029)
Sales and marketing (14,993) (12,224)
General and administrative (17,834) (13,948)
Amortization of intangible assets 0 203
Other (323) (536)
Total operating costs (251,145) (187,021)
Income (loss) from subsidiaries 0 0
Operating income (loss) 13,280 10,147
Equity in income of unconsolidated joint ventures 1,181 248
Other income (expense), net 525 781
Income (loss) before provision for income taxes 14,986 11,176
Provision for income taxes (5,045) (3,570)
Net income (loss) 9,941 7,606
Less: Net income attributable to noncontrolling interests (927) (924)
Net income available to common stockholders 9,014 6,682
Reporting Entities | Delaware Lyon    
Operating revenue    
Sales 0 0
Construction services 0 0
Management fees 0 0
Operating revenue 0 0
Operating costs    
Cost of sales — homes 0 0
Construction services 0 0
Sales and marketing 0 0
General and administrative 0 0
Amortization of intangible assets   0
Other 0 0
Total operating costs 0 0
Income (loss) from subsidiaries 9,014 6,682
Operating income (loss) 9,014 6,682
Equity in income of unconsolidated joint ventures 0 0
Other income (expense), net 0 0
Income (loss) before provision for income taxes 9,014 6,682
Provision for income taxes 0 0
Net income (loss) 9,014 6,682
Less: Net income attributable to noncontrolling interests 0 0
Net income available to common stockholders 9,014 6,682
Reporting Entities | California Lyon    
Operating revenue    
Sales 100,824 89,544
Construction services 3,130 7,453
Management fees (680) (511)
Operating revenue 103,274 96,486
Operating costs    
Cost of sales — homes (78,879) (68,876)
Construction services (2,824) (6,029)
Sales and marketing (5,950) (5,754)
General and administrative (14,006) (11,319)
Amortization of intangible assets   203
Other (369) (1,136)
Total operating costs (102,028) (93,317)
Income (loss) from subsidiaries 2,237 (6,744)
Operating income (loss) 3,483 (3,575)
Equity in income of unconsolidated joint ventures 1,002 0
Other income (expense), net 773 4,366
Income (loss) before provision for income taxes 5,258 791
Provision for income taxes (5,045) (3,570)
Net income (loss) 213 (2,779)
Less: Net income attributable to noncontrolling interests 0 0
Net income available to common stockholders 213 (2,779)
Reporting Entities | Guarantor Subsidiaries    
Operating revenue    
Sales 137,800 83,134
Construction services 0 0
Management fees 0 0
Operating revenue 137,800 83,134
Operating costs    
Cost of sales — homes (115,560) (70,384)
Construction services 0 0
Sales and marketing (7,625) (5,524)
General and administrative (3,828) (2,629)
Amortization of intangible assets   0
Other 46 600
Total operating costs (126,967) (77,937)
Income (loss) from subsidiaries 0 0
Operating income (loss) 10,833 5,197
Equity in income of unconsolidated joint ventures 179 248
Other income (expense), net (9) 4,813
Income (loss) before provision for income taxes 11,003 10,258
Provision for income taxes 0 0
Net income (loss) 11,003 10,258
Less: Net income attributable to noncontrolling interests 0 0
Net income available to common stockholders 11,003 10,258
Reporting Entities | Non-Guarantor Subsidiaries    
Operating revenue    
Sales 22,671 17,037
Construction services 0 0
Management fees 0 0
Operating revenue 22,671 17,037
Operating costs    
Cost of sales — homes (20,052) (14,310)
Construction services 0 0
Sales and marketing (1,418) (946)
General and administrative 0 0
Amortization of intangible assets   0
Other 0 0
Total operating costs (21,470) (15,256)
Income (loss) from subsidiaries 0 0
Operating income (loss) 1,201 1,781
Equity in income of unconsolidated joint ventures 0 0
Other income (expense), net (239) (8,398)
Income (loss) before provision for income taxes 962 (6,617)
Provision for income taxes 0 0
Net income (loss) 962 (6,617)
Less: Net income attributable to noncontrolling interests (927) (924)
Net income available to common stockholders 35 (7,541)
Consolidation, Eliminations    
Operating revenue    
Sales 0 0
Construction services 0 0
Management fees 680 511
Operating revenue 680 511
Operating costs    
Cost of sales — homes (680) (511)
Construction services 0 0
Sales and marketing 0 0
General and administrative 0 0
Amortization of intangible assets   0
Other 0 0
Total operating costs (680) (511)
Income (loss) from subsidiaries (11,251) 62
Operating income (loss) (11,251) 62
Equity in income of unconsolidated joint ventures 0 0
Other income (expense), net 0 0
Income (loss) before provision for income taxes (11,251) 62
Provision for income taxes 0 0
Net income (loss) (11,251) 62
Less: Net income attributable to noncontrolling interests 0 0
Net income available to common stockholders $ (11,251) $ 62