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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS:    
Cash and cash equivalents $ 33,643 $ 128,725
Restricted cash 10,076 13,902
Mortgage loans held for sale 64,782 81,810
Inventory 816,140 690,934
Property and equipment - net 11,283 10,536
Investments in unconsolidated joint ventures 42,182 35,266
Deferred income taxes, net of valuation allowance of $9.3 million at December 31, 2013 109,558 110,911
Other assets 39,042 38,092
Total assets 1,126,706 1,110,176
LIABILITIES:    
Accounts payable 87,325 70,226
Customer deposits 15,019 11,262
Other liabilities 59,416 71,341
Community development district (“CDD”) obligations 1,884 3,130
Obligation for consolidated inventory not owned 1,268 1,775
Notes payable bank - financial services operations 61,914 80,029
Notes payable - other 7,717 7,790
Convertible senior subordinated notes due 2017 57,500 57,500
Convertible senior subordinated notes due 2018 86,250 86,250
Senior notes 228,269 228,070
TOTAL LIABILITIES 606,562 617,373
Commitments and contingencies 0 0
SHAREHOLDERS' EQUITY:    
Preferred shares - $.01 par value; authorized 2,000,000 shares; 2,000 shares issued and outstanding at both June 30, 2014 and December 31, 2013 48,163 48,163
Common shares - $.01 par value; authorized 58,000,000 and 38,000,000 shares at June 30, 2014 and December 31, 2013, respectively; issued 27,092,723 shares at both June 30, 2014 and December 31, 2013 271 271
Additional paid-in capital 237,345 236,060
Retained earnings 286,373 262,625
Treasury shares - at cost - 2,618,584 and 2,734,780 shares at June 30, 2014 and December 31, 2013, respectively (52,008) (54,316)
TOTAL SHAREHOLDERS' EQUITY 520,144 492,803
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,126,706 $ 1,110,176