XML 41 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary Of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Schedule of other expense (income), net
Other expense, net consists of the following ($000’s omitted): 
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2014
 
2013
 
2014
 
2013
Write-off of deposits and pre-acquisition costs
$
1,391

 
$
811

 
$
4,543

 
$
1,402

Loss on debt retirements (Note 8)

 
3,858

 
8,584

 
26,930

Amortization of intangible assets
3,258

 
3,275

 
9,808

 
9,825

Miscellaneous, net (a)
(2,243
)
 
9,111

 
2,626

 
41,009

 
$
2,406

 
$
17,055

 
$
25,561

 
$
79,166



Schedule of Notes Receivable
The following represents our notes receivable and related allowance for credit losses ($000’s omitted): 
 
September 30,
2014
 
December 31, 2013
Notes receivable, gross
$
57,466

 
$
59,995

Allowance for credit losses
(27,287
)
 
(27,051
)
Notes receivable, net
$
30,179

 
$
32,944

Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]
The following table presents the earnings per share of common stock (000's omitted, except per share data):
 
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Net income
$
140,545

 
$
2,281,884

 
$
257,244

 
$
2,400,063

Less: earnings distributed to participating securities
(124
)
 
(273
)
 
(386
)
 
(273
)
Less: undistributed earnings allocated to participating securities
(820
)
 
(15,884
)
 
(1,362
)
 
(17,526
)
Numerator for basic earnings per share
$
139,601

 
$
2,265,727

 
$
255,496

 
$
2,382,264

Add back: undistributed earnings allocated to participating securities
820

 
15,884

 
1,362

 
17,526

Less: undistributed earnings reallocated to participating securities
(812
)
 
(15,753
)
 
(1,349
)
 
(17,358
)
Numerator for diluted earnings per share
$
139,609

 
$
2,265,858

 
$
255,509

 
$
2,382,432

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic shares outstanding
373,531

 
382,883

 
376,097

 
384,159

Effect of dilutive securities
3,761

 
3,220

 
3,723

 
3,745

Diluted shares outstanding
377,292

 
386,103

 
379,820

 
387,904

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.37

 
$
5.92

 
$
0.68

 
$
6.20

Diluted
$
0.37

 
$
5.87

 
$
0.67

 
$
6.14

Schedule Of Company Interests In Land Option Agreements
The following provides a summary of our interests in land option agreements as of September 30, 2014 and December 31, 2013 ($000’s omitted): 
 
September 30, 2014
 
December 31, 2013
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Land, Not
Owned,
Under
Option
Agreements
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Land, Not
Owned,
Under
Option
Agreements
Land options with VIEs
$
58,197

 
$
771,593

 
$
6,719

 
$
40,486

 
$
661,158

 
$
8,167

Other land options
64,686

 
969,705

 
10,098

 
50,548

 
729,128

 
15,857

 
$
122,883

 
$
1,741,298

 
$
16,817

 
$
91,034

 
$
1,390,286

 
$
24,024

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair values of derivative instruments and their location in the Condensed Consolidated Balance Sheets is summarized below ($000’s omitted):
 
 
September 30, 2014
 
December 31, 2013
 
Other Assets
 
Other Liabilities
 
Other Assets
 
Other Liabilities
Interest rate lock commitments
$
6,298

 
$
182

 
$
3,628

 
$
489

Forward contracts
476

 
1,184

 
4,374

 
34

Whole loan commitments
65

 
67

 
189

 
84

 
$
6,839

 
$
1,433

 
$
8,191

 
$
607