Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Schedule of Other Expense (Income), Net

Other expense, net consists of the following ($000’s omitted):

	2014		2013		2012
Write-offs of deposits and pre-acquisition costs (Note 3)	$	6,099	$	3,122	$	2,278
Loss on debt retirements (Note 6)	8,584		26,930		32,071
Lease exit and related costs	9,609		2,778		7,306
Amortization of intangible assets (Note 1)	13,033		13,100		13,100
Miscellaneous, net (a)	1,420		34,823		11,543
	$	38,745	$	80,753	$	66,298

(a) Includes charges of $41.2 million in 2013 resulting from a contractual dispute related to a previously completed luxury community (seeNote 12) and $5.1 million in 2012 related to the write-down of notes receivable.

Schedule of Earnings Per Share of Common Stock

The following table presents the earnings per share of common stock ($000's omitted, except per share data):

	December 31, 2014			December 31, 2013			December 31, 2012
Numerator:
Net income	$	474,338		$	2,620,116		$	206,145
Less: earnings distributed to participating securities	(583		)	(407		)	—
Less: undistributed earnings allocated to participating securities	(2,668		)	(19,201		)	—
Numerator for basic earnings per share	$	471,087		$	2,600,508		$	206,145
Add back: undistributed earnings allocated to participating securities	2,668			19,201			—
Less: undistributed earnings reallocated to participating securities	(2,643		)	(18,845		)	—
Numerator for diluted earnings per share	$	471,112		$	2,600,864		$	206,145
Denominator:
Basic shares outstanding	370,377			383,077			381,562
Effect of dilutive securities	3,725			3,789			3,002
Diluted shares outstanding	374,102			386,866			384,564
Earnings per share:
Basic	$	1.27		$	6.79		$	0.54
Diluted	$	1.26		$	6.72		$	0.54

Schedule Of Company Interests In Land Option Agreements

The following provides a summary of our interests in land option agreements ($000’s omitted):

	December 31, 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	$	56,039	$	891,506	$	12,533	$	40,486	$	661,158	$	8,167
Other land options	71,241		999,079		17,653		50,548		729,128		15,857
	$	127,280	$	1,890,585	$	30,186	$	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 Consolidated Balance Sheets is summarized below ($000’s omitted):

	December 31, 2014				December 31, 2013
	Other Assets		Other Liabilities		Other Assets		Other Liabilities
Interest rate lock commitments	$	4,313	$	65	$	3,628	$	489
Forward contracts	79		3,653		4,374		34
Whole loan commitments	31		619		189		84
	$	4,423	$	4,337	$	8,191	$	607