Lease Commitments

12 Months Ended

Dec. 31, 2015

Lease Commitments [Abstract]

Leases of Lessee Disclosure [Text Block]

Lease Commitments

Operating Leases.  The Company leases various office facilities, automobiles, model furnishings, and model homes under operating leases with remaining terms of one to nine years.  The Company sells model homes to investors with the express purpose of leasing the homes back as sales models for a specified period of time.  The Company records the sale of the home at the time of the home delivery, and defers profit on the sale, which is subsequently recognized over the lease term.

At December 31, 2015, the future minimum rental commitments totaled $13.0 million under non-cancelable operating leases with initial terms in excess of one year as follows:  2016 - $4.1 million; 2017 - $3.3 million; 2018 - $2.2 million; 2019 - $1.3 million; 2020 - $0.8 million; and $1.3 million thereafter.  The Company’s total rental expense was $5.3 million, $4.7 million, and $3.7 million for 2015, 2014 and 2013, respectively.