XML 40 R24.htm IDEA: XBRL DOCUMENT v3.3.0.814
Fair Value Disclosures Fair Value Disclosures (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): 
Financial Instrument
 
Fair Value
Hierarchy
 
Fair Value
September 30,
2015
 
December 31,
2014
 
 
 
 
 
 
 
Measured at fair value on a recurring basis:
 
 
 
 
 
 
Residential mortgage loans available-for-sale
 
Level 2
 
$
270,658

 
$
339,531

Interest rate lock commitments
 
Level 2
 
11,022

 
4,248

Forward contracts
 
Level 2
 
(4,712
)
 
(3,574
)
Whole loan commitments
 
Level 2
 
(407
)
 
(588
)
 
 
 
 
 
 
 
Measured at fair value on a non-recurring basis:
 
 
 
 
 
 
House and land inventory
 
Level 3
 
$
1,262

 
$
13,925

 
 
 
 
 
 
 
Disclosed at fair value:
 
 
 
 
 
 
Cash and equivalents (including restricted cash)
 
Level 1
 
$
760,095

 
$
1,309,220

Financial Services debt
 
Level 2
 
107,508

 
140,241

Term loan
 
Level 2
 
500,000

 

Senior notes
 
Level 2
 
1,662,206

 
1,952,774