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Fair Value Measurements Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2015
Fair Value Measurements [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The table below shows the notional amounts of our financial instruments at September 30, 2015 and December 31, 2014:
Description of Financial Instrument (in thousands)
September 30, 2015
 
December 31, 2014
Best efforts contracts and related committed IRLCs
$
5,554

 
$
3,072

Uncommitted IRLCs
79,604

 
28,028

FMBSs related to uncommitted IRLCs
80,000

 
41,000

Best efforts contracts and related mortgage loans held for sale
11,057

 
61,233

FMBSs related to mortgage loans held for sale
64,000

 
27,000

Mortgage loans held for sale covered by FMBSs
63,977

 
26,825
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
The table below shows the level and measurement of assets and liabilities measured on a recurring basis at September 30, 2015 and December 31, 2014:
Description of Financial Instrument (in thousands)
Fair Value Measurements September 30, 2015
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Mortgage loans held for sale
$
77,550

 
$
—

 
$
77,550

 
$
—

 
Forward sales of mortgage-backed securities
(1,270
)
 
—

 
(1,270
)
 
—

 
Interest rate lock commitments
985

 
—

 
985

 
—

 
Best-efforts contracts
(201
)
 
—

 
(201
)
 
—

 
Total
$
77,064

 
$
—

 
$
77,064

 
$
—

 
Description of Financial Instrument (in thousands)
Fair Value Measurements
December 31, 2014
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Mortgage loans held for sale
$
92,794

 
$
—

 
$
92,794

 
$
—

 
Forward sales of mortgage-backed securities
(182
)
 
—

 
(182
)
 
—

 
Interest rate lock commitments
288

 
—

 
288

 
—

 
Best-efforts contracts
53

 
—

 
53

 
—

 
Total
$
92,953

 
$
—

 
$
92,953

 
$
—

 
Schedule of Derivative Instruments, (Loss) Gain in Statement of Financial Performance [Table Text Block]
The following table sets forth the amount of gain (loss) recognized, within our revenue in the Unaudited Condensed Consolidated Statements of Income, on assets and liabilities measured on a recurring basis for the three and nine months ended September 30, 2015 and 2014:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Description (in thousands)
2015
 
2014
 
2015
 
2014
Mortgage loans held for sale
$
1,585

 
$
(959
)
 
$
761

 
$
2,556

Forward sales of mortgage-backed securities
(2,520
)
 
398

 
(1,088
)
 
(786
)
Interest rate lock commitments
924

 
(144
)
 
696

 
753

Best-efforts contracts
(125
)
 
164

 
(253
)
 
(428
)
Total (loss) gain recognized
$
(136
)
 
$
(541
)
 
$
116

 
$
2,095
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables set forth the fair value of the Company’s derivative instruments and their location within the Unaudited Condensed Consolidated Balance Sheets for the periods indicated (except for mortgage loans held for sale which is disclosed as a separate line item):
 
 
Asset Derivatives
 
Liability Derivatives
 
 
September 30, 2015
 
September 30, 2015
Description of Derivatives
 
Balance Sheet
Location
 
Fair Value
(in thousands)
 
Balance Sheet Location
 
Fair Value
(in thousands)
Forward sales of mortgage-backed securities
 
Other assets
 
$
—

 
Other liabilities
 
$
1,270

Interest rate lock commitments
 
Other assets
 
985

 
Other liabilities
 
—

Best-efforts contracts
 
Other assets
 
—

 
Other liabilities
 
201

Total fair value measurements
 
 
 
$
985

 
 
 
$
1,471

 
 
Asset Derivatives
 
Liability Derivatives
 
 
December 31, 2014
 
December 31, 2014
Description of Derivatives
 
Balance Sheet
Location
 
Fair Value
(in thousands)
 
Balance Sheet Location
 
Fair Value
(in thousands)
Forward sales of mortgage-backed securities
 
Other assets
 
$
—

 
Other liabilities
 
$
182

Interest rate lock commitments
 
Other assets
 
288

 
Other liabilities
 
—

Best-efforts contracts
 
Other assets
 
58

 
Other liabilities
 
5

Total fair value measurements
 
 
 
$
346

 
 
 
$
187
Fair Value, Assets Measured on Nonrecurring Basis [Table Text Block]
The table below shows the level and measurement of the Company's assets measured on a non-recurring basis as of and for the three and nine months ended September 30, 2015 and 2014:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Description (in thousands)
 
Hierarchy
2015
 
2014 (2)
 
2015
 
2014 (2)
 
 
 
 
 
 
 
 
 
 
Adjusted basis of inventory (1)
 
Level 3
$
—

 
$
76

 
$
—

 
$
1,605

Total losses
 
 
—

 
622

 
—

 
1,426

 
 
 
 
 
 
 
 
 
 
Initial basis of inventory
 
 
$
—

 
$
698

 
$
—

 
$
3,031

(1)
The fair values in the table above represent only assets whose carrying values were adjusted in the respective period.
(2)
The carrying values for these assets may have subsequently increased or decreased from the fair value reported due to activities that have occurred since the measurement date.
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table presents the carrying amounts and fair values of the Company’s financial instruments at September 30, 2015 and December 31, 2014. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).
 
 
September 30, 2015
 
December 31, 2014
(In thousands)
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Assets:
 
 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
 
$
28,126

 
$
28,126

 
$
22,486

 
$
22,486

Mortgage loans held for sale
 
77,550

 
77,550

 
92,794

 
92,794

Split dollar life insurance policies
 
202

 
202

 
187

 
187

Notes receivable
 
3,172

 
3,107

 
4,288

 
3,793

Commitments to extend real estate loans
 
985

 
985

 
289

 
289

Best-efforts contracts for committed IRLCs and mortgage loans held for sale
 
—

 
—

 
58

 
58

Liabilities:
 
 
 
 
 
 
 
 
Notes payable - homebuilding operations
 
156,100

 
156,100

 
30,000

 
30,000

Notes payable - financial services operations
 
73,239

 
73,239

 
85,379

 
85,379

Notes payable - other
 
9,363

 
10,201

 
9,518

 
9,089

Convertible senior subordinated notes due 2017
 
57,500

 
63,969

 
57,500

 
67,634

Convertible senior subordinated notes due 2018
 
86,250

 
84,956

 
86,250

 
87,544

Senior notes due 2018
 
228,769

 
234,025

 
228,469

 
239,488

Best-efforts contracts for committed IRLCs and mortgage loans held for sale
 
201

 
201

 
—

 
—

Forward sales of mortgage-backed securities
 
1,270

 
1,270

 
182

 
182

Off-Balance Sheet Financial Instruments:
 
 
 
 
 
 
 
 
Letters of credit
 
—

 
837

 
—

 
881