XML 60 R49.htm IDEA: XBRL DOCUMENT v3.8.0.1
Senior Notes, Secured, and Unsecured Indebtedness - Condensed Consolidating Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Jan. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Dec. 31, 2015
Nov. 21, 2014
Aug. 11, 2014
Mar. 31, 2014
Nov. 08, 2012
ASSETS                  
Cash and cash equivalents $ 43,604   $ 42,612 $ 40,710 $ 50,203        
Receivables 9,719   9,538            
Escrow proceeds receivable 228   85            
Real estate inventories 1,855,658   1,771,998            
Investment in unconsolidated joint ventures 8,225   7,282            
Goodwill 66,902   66,902            
Intangibles, net 6,700   6,700            
Deferred income taxes, net 73,597   75,751            
Lease right-of-use assets 15,074   13,129            
Other assets, net 21,152   17,283            
Investments in subsidiaries 0   0            
Intercompany receivables 0   0            
Total assets 2,100,859   2,011,280            
LIABILITIES AND EQUITY                  
Accounts payable 84,116   74,282            
Accrued expenses 93,140   92,919            
Notes payable 161,011   155,768            
Total debt 1,097,633   1,080,650            
Intercompany payables 0   0            
Total liabilities 1,274,889   1,247,851            
Equity                  
William Lyon Homes stockholders’ equity (deficit) 735,984   697,086            
Noncontrolling interests 89,986   66,343            
Total liabilities and equity 2,100,859   2,011,280            
Subordinated amortizing notes                  
LIABILITIES AND EQUITY                  
Total debt 1,619   7,225            
Equity                  
Stated interest rate           5.50%      
5 3/4% Senior Notes due April 15, 2019                  
LIABILITIES AND EQUITY                  
Total debt $ 149,226   $ 148,826            
Equity                  
Stated interest rate 5.75%   5.75%            
8 1/2% Senior Notes due November 15, 2020                  
LIABILITIES AND EQUITY                  
Total debt $ 0   $ 422,817            
Equity                  
Stated interest rate 8.50%   8.50%            
7% Senior Notes due August 15, 2022                  
LIABILITIES AND EQUITY                  
Total debt $ 346,556   $ 346,014            
Equity                  
Stated interest rate 7.00%   7.00%            
Five Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]                  
LIABILITIES AND EQUITY                  
Total debt $ 439,221   $ 0            
Equity                  
Stated interest rate 5.875%                
Reporting Entities | Guarantor Subsidiaries                  
ASSETS                  
Cash and cash equivalents $ (328)   272 528 2,723        
Receivables 1,760   3,303            
Escrow proceeds receivable 0   0            
Real estate inventories 697,824   645,341            
Investment in unconsolidated joint ventures 150   150            
Goodwill 52,693   52,693            
Intangibles, net 6,700   6,700            
Deferred income taxes, net 0   0            
Lease right-of-use assets 0   0            
Other assets, net 1,896   1,089            
Investments in subsidiaries (575,925)   (573,650)            
Intercompany receivables 241,160   252,860            
Total assets 425,930   388,758            
LIABILITIES AND EQUITY                  
Accounts payable 25,061   16,416            
Accrued expenses 4,719   4,636            
Notes payable 0   2,979            
Intercompany payables 0   0            
Total liabilities 29,780   24,031            
Equity                  
William Lyon Homes stockholders’ equity (deficit) 396,150   364,727            
Noncontrolling interests 0   0            
Total liabilities and equity 425,930   388,758            
Reporting Entities | Guarantor Subsidiaries | Subordinated amortizing notes                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Guarantor Subsidiaries | 5 3/4% Senior Notes due April 15, 2019                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Guarantor Subsidiaries | 8 1/2% Senior Notes due November 15, 2020                  
LIABILITIES AND EQUITY                  
Total debt     0            
Reporting Entities | Guarantor Subsidiaries | 7% Senior Notes due August 15, 2022                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Guarantor Subsidiaries | Five Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]                  
LIABILITIES AND EQUITY                  
Total debt 0                
Reporting Entities | Non-Guarantor Subsidiaries                  
ASSETS                  
Cash and cash equivalents 9,205   6,136 4,479 3,148        
Receivables 3,911   3,246            
Escrow proceeds receivable 0   0            
Real estate inventories 257,444   216,063            
Investment in unconsolidated joint ventures 0   0            
Goodwill 0   0            
Intangibles, net 0   0            
Deferred income taxes, net 0   0            
Lease right-of-use assets 0   0            
Other assets, net 494   415            
Investments in subsidiaries 0   0            
Intercompany receivables 0   0            
Total assets 271,054   225,860            
LIABILITIES AND EQUITY                  
Accounts payable 10,605   5,486            
Accrued expenses 103   98            
Notes payable 105,785   102,076            
Intercompany payables 82,822   75,593            
Total liabilities 199,315   183,253            
Equity                  
William Lyon Homes stockholders’ equity (deficit) (18,249)   (23,736)            
Noncontrolling interests 89,988   66,343            
Total liabilities and equity 271,054   225,860            
Reporting Entities | Non-Guarantor Subsidiaries | Subordinated amortizing notes                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Non-Guarantor Subsidiaries | 5 3/4% Senior Notes due April 15, 2019                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Non-Guarantor Subsidiaries | 8 1/2% Senior Notes due November 15, 2020                  
LIABILITIES AND EQUITY                  
Total debt     0            
Reporting Entities | Non-Guarantor Subsidiaries | 7% Senior Notes due August 15, 2022                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Non-Guarantor Subsidiaries | Five Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]                  
LIABILITIES AND EQUITY                  
Total debt 0                
Reporting Entities | Delaware Lyon                  
ASSETS                  
Cash and cash equivalents 0   0 0 0        
Receivables 0   0            
Escrow proceeds receivable 0   0            
Real estate inventories 0   0            
Investment in unconsolidated joint ventures 0   0            
Goodwill 0   0            
Intangibles, net 0   0            
Deferred income taxes, net 0   0            
Lease right-of-use assets 0   0            
Other assets, net 0   0            
Investments in subsidiaries 735,984   697,086            
Intercompany receivables 0   0            
Total assets 735,984   697,086            
LIABILITIES AND EQUITY                  
Accounts payable 0   0            
Accrued expenses 0   0            
Notes payable 0   0            
Intercompany payables 0   0            
Total liabilities 0   0            
Equity                  
William Lyon Homes stockholders’ equity (deficit) 735,984   697,086            
Noncontrolling interests 0   0            
Total liabilities and equity 735,984   697,086            
Reporting Entities | Delaware Lyon | Subordinated amortizing notes                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Delaware Lyon | 5 3/4% Senior Notes due April 15, 2019                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Delaware Lyon | 8 1/2% Senior Notes due November 15, 2020                  
LIABILITIES AND EQUITY                  
Total debt     0            
Reporting Entities | Delaware Lyon | 7% Senior Notes due August 15, 2022                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Reporting Entities | Delaware Lyon | Five Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]                  
LIABILITIES AND EQUITY                  
Total debt 0                
Reporting Entities | California Lyon                  
ASSETS                  
Cash and cash equivalents 34,727   36,204 35,703 44,332        
Receivables 4,048   2,989            
Escrow proceeds receivable 228   85            
Real estate inventories 900,390   910,594            
Investment in unconsolidated joint ventures 8,075   7,132            
Goodwill 14,209   14,209            
Intangibles, net 0   0            
Deferred income taxes, net 73,597   75,751            
Lease right-of-use assets 15,074   13,129            
Other assets, net 18,762   15,779            
Investments in subsidiaries (18,249)   (23,736)            
Intercompany receivables 0   0            
Total assets 1,050,861   1,052,136            
LIABILITIES AND EQUITY                  
Accounts payable 48,450   52,380            
Accrued expenses 88,318   88,185            
Notes payable 55,226   50,713            
Intercompany payables 158,338   177,267            
Total liabilities 1,286,954   1,293,427            
Equity                  
William Lyon Homes stockholders’ equity (deficit) (236,091)   (241,291)            
Noncontrolling interests (2)   0            
Total liabilities and equity 1,050,861   1,052,136            
Reporting Entities | California Lyon | Subordinated amortizing notes                  
LIABILITIES AND EQUITY                  
Total debt 1,619   7,225            
Reporting Entities | California Lyon | 5 3/4% Senior Notes due April 15, 2019                  
LIABILITIES AND EQUITY                  
Total debt 149,226   148,826            
Reporting Entities | California Lyon | 8 1/2% Senior Notes due November 15, 2020                  
LIABILITIES AND EQUITY                  
Total debt     422,817            
Reporting Entities | California Lyon | 7% Senior Notes due August 15, 2022                  
LIABILITIES AND EQUITY                  
Total debt 346,556   346,014            
Reporting Entities | California Lyon | Five Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]                  
LIABILITIES AND EQUITY                  
Total debt 439,221                
Consolidation, Eliminations                  
ASSETS                  
Cash and cash equivalents 0   0 $ 0 $ 0        
Receivables 0   0            
Escrow proceeds receivable 0   0            
Real estate inventories 0   0            
Investment in unconsolidated joint ventures 0   0            
Goodwill 0   0            
Intangibles, net 0   0            
Deferred income taxes, net 0   0            
Lease right-of-use assets 0   0            
Other assets, net 0   0            
Investments in subsidiaries (141,810)   (99,700)            
Intercompany receivables (241,160)   (252,860)            
Total assets (382,970)   (352,560)            
LIABILITIES AND EQUITY                  
Accounts payable 0   0            
Accrued expenses 0   0            
Notes payable 0   0            
Intercompany payables (241,160)   (252,860)            
Total liabilities (241,160)   (252,860)            
Equity                  
William Lyon Homes stockholders’ equity (deficit) (141,810)   (99,700)            
Noncontrolling interests 0   0            
Total liabilities and equity (382,970)   (352,560)            
Consolidation, Eliminations | Subordinated amortizing notes                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Consolidation, Eliminations | 5 3/4% Senior Notes due April 15, 2019                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Consolidation, Eliminations | 8 1/2% Senior Notes due November 15, 2020                  
LIABILITIES AND EQUITY                  
Total debt     0            
Consolidation, Eliminations | 7% Senior Notes due August 15, 2022                  
LIABILITIES AND EQUITY                  
Total debt 0   0            
Consolidation, Eliminations | Five Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]                  
LIABILITIES AND EQUITY                  
Total debt 0                
Senior Notes                  
LIABILITIES AND EQUITY                  
Total debt 935,003   917,657            
Senior Notes | 5 3/4% Senior Notes due April 15, 2019                  
LIABILITIES AND EQUITY                  
Total debt $ 149,226   $ 148,826            
Equity                  
Stated interest rate 5.75%   5.75%         5.75%  
Senior Notes | 8 1/2% Senior Notes due November 15, 2020                  
LIABILITIES AND EQUITY                  
Total debt $ 0   $ 422,817            
Equity                  
Stated interest rate 8.50%   8.50%           8.50%
Senior Notes | 7% Senior Notes due August 15, 2022                  
LIABILITIES AND EQUITY                  
Total debt $ 346,556   $ 346,014            
Equity                  
Stated interest rate 7.00%   7.00%       7.00%    
Senior Notes | Five Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]                  
LIABILITIES AND EQUITY                  
Total debt $ 439,221   $ 0            
Equity                  
Stated interest rate 5.875% 5.875%