XML 19 R68.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Note 11 - Commitments and Contingencies (Details Textual)
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
ft²
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Estimated Litigation Liability [1] $ 10,900 $ 0  
Insurance Settlements Receivable [2] 10,900 0  
Operating Lease, Right-of-Use Asset [3] 1,988 0  
Operating Lease, Liability, Total [4] 2,243 [5] 0  
Short-term Lease, Cost 800    
Sublease Income $ 200    
Operating Lease, Weighted Average Remaining Lease Term 1 year 10 months 24 days    
Operating Lease, Weighted Average Discount Rate, Percent 4.40%    
Operating Leases, Rent Expense, Net, Total $ 1,200 1,100 $ 1,100
Corporate Headquarters [Member]      
Area of Real Estate Property | ft² 18,700    
Divisional Offices [Member]      
Area of Real Estate Property | ft² 19,000    
Area of Real Estate Property, Sublet | ft² 7,700    
Surety Bond [Member]      
Loss Contingency, Range of Possible Loss, Portion Not Accrued $ 47,600 50,500  
Loss Contingency, Estimated Remaining Costs of Work to be Completed 29,100 20,300  
Corporate Joint Venture [Member] | Loans Payable [Member]      
Related Party Transaction, Guarantor Obligations Underlying Asset Class, Guaranteed 5,800 7,300  
Corporate Joint Venture [Member] | Financial Guarantee [Member]      
Long-term Debt, Gross 28,600 $ 41,300  
Ordinary Course Litigation [Member]      
Estimated Litigation Liability 5,900    
IBNR Construction Defect Claims [Member]      
Estimated Litigation Liability $ 5,000    
[1] During 2019, we recorded litigation reserves totaling $5.9 million related to ordinary course litigation which developed and became probable and estimable within the 2019 fourth quarter. Further, as a result of the development of the construction defect related claims within the litigation reserve and their impact to the Company's litigation reserve estimates for incurred but not reported ("IBNR") future construction defect claims, we recorded an additional $5.0 million of IBNR construction defect claim reserves resulting in aggregate litigation reserves totaling $10.9 million as of December 31, 2019. Because the self-insured retention deductibles had been met for each claim covered by the $5.9 million reserve, and the self-insured retention deductibles are expected to be met for the $5.0 million IBNR construction defect claim reserves, the Company recorded estimated insurance receivables of $10.9 million offsetting the litigation reserves as of December 31, 2019.
[2] The Company recorded insurance receivables of $10.9 million in connection with $10.9 million of litigation reserves recorded as of December 31, 2019. For more information, please refer to Note 8 .
[3] In conjunction with the adoption of ASC 842, the Company established a right-of-use asset of $3.1 million on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[4] In conjunction with the adoption of ASC 842, the Company established a $3.5 million lease liability on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[5] The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.9 years and 4.4%, respectively, at December 31, 2019.