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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS:    
Total Cash, Cash Equivalents and Restricted Cash $ 151,703 $ 34,441
Mortgage loans held for sale 171,580 154,020
Inventory 1,414,574 1,215,934
Property and equipment - net 26,816 22,299
Investment in joint venture arrangements 20,525 28,016
Deferred income tax asset 18,438 30,875
Other assets 61,135 62,926
TOTAL ASSETS 1,864,771 1,548,511
LIABILITIES:    
Accounts payable 117,233 103,212
Customer deposits 26,378 22,156
Other liabilities 131,534 123,162
Community development district obligations 13,049 476
Obligation for consolidated inventory not owned 21,545 7,528
Notes payable bank - homebuilding operations 0 40,300
Notes payable bank - financial services operations 168,195 152,895
Notes payable - other 10,576 6,415
Convertible senior subordinated notes due 2017 - net 0 57,093
Convertible senior subordinated notes due 2018 - net 86,132 85,423
Senior notes due 2021 - net 296,780 295,677
Senior notes due 2025 - net 246,051 0
TOTAL LIABILITIES 1,117,473 894,337
Commitments and contingencies (Note 8) 0 0
SHAREHOLDERS' EQUITY:    
Preferred shares - $.01 par value; authorized 2,000,000 shares; 2,000 shares both issued and outstanding at December 31, 2016 0 48,163
Common shares - $.01 par value; authorized 58,000,000 shares at both December 31, 2017 and 2016; issued 29,508,626 and 27,092,723 shares at December 31, 2017 and 2016 295 271
Additional paid-in capital 306,483 246,549
Retained earnings 473,329 407,161
Treasury shares - at cost - 1,651,874 and 2,415,290 shares at December 31, 2017 and 2016, respectively (32,809) (47,970)
TOTAL SHAREHOLDERS' EQUITY 747,298 654,174
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,864,771 $ 1,548,511