XML 60 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
Senior Notes, Secured, and Unsecured Indebtedness - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating revenue        
Sales $ 325,059 $ 247,740 $ 586,354 $ 437,455
Construction services 594 6,955 3,724 14,408
Management fees 0 0 0 0
Operating revenue 325,653 254,695 590,078 451,863
Operating costs        
Cost of sales — homes (268,638) (200,248) (483,809) (354,329)
Construction services (548) (5,898) (3,372) (11,927)
Sales and marketing (18,112) (14,904) (33,105) (27,128)
General and administrative (16,685) (13,415) (34,519) (27,363)
Amortization of intangible assets 0 (462) 0 (665)
Other (487) (421) (810) (957)
Total operating costs (304,470) (235,348) (555,615) (422,369)
Income from subsidiaries 0 0 0 0
Operating income (loss) 21,183 19,347 34,463 29,494
Equity in income of unconsolidated joint ventures 1,194 515 2,375 763
Other income (expense), net 228 642 753 1,423
Income (loss) before provision for income taxes 22,605 20,504 37,591 31,680
Provision for income taxes (7,519) (7,254) (12,564) (10,824)
Net income (loss) 15,086 13,250 25,027 20,856
Less: Net income attributable to noncontrolling interests (525) (973) (1,452) (1,897)
Net income available to common stockholders 14,561 12,277 23,575 18,959
Reporting Entities | Delaware Lyon        
Operating revenue        
Sales 0 0 0 0
Construction services 0 0 0 0
Management fees 0 0 0 0
Operating revenue 0 0 0 0
Operating costs        
Cost of sales — homes 0 0 0 0
Construction services 0 0 0 0
Sales and marketing 0 0 0 0
General and administrative 0 0 0 0
Amortization of intangible assets   0 0 0
Other 0 0 0 0
Total operating costs 0 0 0 0
Income from subsidiaries 14,561 12,277 23,575 18,959
Operating income (loss) 14,561 12,277 23,575 18,959
Equity in income of unconsolidated joint ventures 0 0 0 0
Other income (expense), net 0 0 0 0
Income (loss) before provision for income taxes 14,561 12,277 23,575 18,959
Provision for income taxes 0 0 0 0
Net income (loss) 14,561 12,277 23,575 18,959
Less: Net income attributable to noncontrolling interests 0 0 0 0
Net income available to common stockholders 14,561 12,277 23,575 18,959
Reporting Entities | California Lyon        
Operating revenue        
Sales 137,673 104,998 238,497 194,542
Construction services 594 6,955 3,724 14,408
Management fees (366) (195) (1,046) (706)
Operating revenue 137,901 111,758 241,175 208,244
Operating costs        
Cost of sales — homes (112,950) (80,482) (191,829) (149,358)
Construction services (548) (5,898) (3,372) (11,927)
Sales and marketing (5,925) (6,412) (11,875) (12,166)
General and administrative (13,475) (10,669) (27,481) (21,988)
Amortization of intangible assets   (462) 0 (665)
Other (358) (646) (727) (1,782)
Total operating costs (133,256) (104,569) (235,284) (197,886)
Income from subsidiaries 1,687 276 3,924 (6,468)
Operating income (loss) 6,332 7,465 9,815 3,890
Equity in income of unconsolidated joint ventures 859 245 1,861 245
Other income (expense), net 550 840 1,323 5,206
Income (loss) before provision for income taxes 7,741 8,550 12,999 9,341
Provision for income taxes (7,519) (7,254) (12,564) (10,824)
Net income (loss) 222 1,296 435 (1,483)
Less: Net income attributable to noncontrolling interests 0 0 0 0
Net income available to common stockholders 222 1,296 435 (1,483)
Reporting Entities | Guarantor Subsidiaries        
Operating revenue        
Sales 175,203 136,263 313,003 219,397
Construction services 0 0 0 0
Management fees 0 0 0 0
Operating revenue 175,203 136,263 313,003 219,397
Operating costs        
Cost of sales — homes (144,473) (114,216) (260,033) (184,600)
Construction services 0 0 0 0
Sales and marketing (9,332) (7,776) (16,957) (13,300)
General and administrative (3,210) (2,746) (7,038) (5,375)
Amortization of intangible assets   0 0 0
Other (129) 225 (83) 825
Total operating costs (157,144) (124,513) (284,111) (202,450)
Income from subsidiaries 0 0 0 0
Operating income (loss) 18,059 11,750 28,892 16,947
Equity in income of unconsolidated joint ventures 335 270 514 518
Other income (expense), net (6) (14) (15) 4,799
Income (loss) before provision for income taxes 18,388 12,006 29,391 22,264
Provision for income taxes 0 0 0 0
Net income (loss) 18,388 12,006 29,391 22,264
Less: Net income attributable to noncontrolling interests 0 0 0 0
Net income available to common stockholders 18,388 12,006 29,391 22,264
Reporting Entities | Non-Guarantor Subsidiaries        
Operating revenue        
Sales 12,183 6,479 34,854 23,516
Construction services 0 0 0 0
Management fees 0 0 0 0
Operating revenue 12,183 6,479 34,854 23,516
Operating costs        
Cost of sales — homes (10,849) (5,355) (30,901) (19,665)
Construction services 0 0 0 0
Sales and marketing (2,855) (716) (4,273) (1,662)
General and administrative 0 0 0 0
Amortization of intangible assets   0 0 0
Other 0 0 0 0
Total operating costs (13,704) (6,071) (35,174) (21,327)
Income from subsidiaries 0 0 0 0
Operating income (loss) (1,521) 408 (320) 2,189
Equity in income of unconsolidated joint ventures 0 0 0 0
Other income (expense), net (316) (184) (555) (8,582)
Income (loss) before provision for income taxes (1,837) 224 (875) (6,393)
Provision for income taxes 0 0 0
Net income (loss) (1,837) 224 (875) (6,393)
Less: Net income attributable to noncontrolling interests (525) (973) (1,452) (1,897)
Net income available to common stockholders (2,362) (749) (2,327) (8,290)
Consolidation, Eliminations        
Operating revenue        
Sales 0 0 0 0
Construction services 0 0 0 0
Management fees 366 195 1,046 706
Operating revenue 366 195 1,046 706
Operating costs        
Cost of sales — homes (366) (195) (1,046) (706)
Construction services 0 0 0 0
Sales and marketing 0 0 0 0
General and administrative 0 0 0  
Amortization of intangible assets   0 0 0
Other 0 0 0 0
Total operating costs (366) (195) (1,046) (706)
Income from subsidiaries (16,248) (12,553) (27,499) (12,491)
Operating income (loss) (16,248) (12,553) (27,499) (12,491)
Equity in income of unconsolidated joint ventures 0 0 0 0
Other income (expense), net 0 0 0 0
Income (loss) before provision for income taxes (16,248) (12,553) (27,499) (12,491)
Provision for income taxes 0 0 0 0
Net income (loss) (16,248) (12,553) (27,499) (12,491)
Less: Net income attributable to noncontrolling interests 0 0 0 0
Net income available to common stockholders $ (16,248) $ (12,553) $ (27,499) $ (12,491)