Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Schedule of Other Expense (Income), Net

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

	2016			2015			2014
Write-offs of deposits and pre-acquisition costs (Note 3)	$	17,157		$	5,021		$	6,099
Loss on debt retirements (Note 6)	657			—			8,584
Lease exit and related costs (a)	11,643			2,463			9,609
Amortization of intangible assets (Note 1)	13,800			12,900			13,033
Equity in (earnings) loss of unconsolidated entities (Note 5)	(8,337		)	(7,355		)	(8,226		)
Interest income	(3,236		)	(3,107		)	(4,632		)
Interest expense	686			788			849
Miscellaneous, net (b)	16,444			6,653			1,420
Total other expense, net	$	48,814		$	17,363		$	26,736

(a) Lease exit and related costs for 2016 resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013 (see Note 2). Costs for 2015 and 2014 are primarily attributable to those same relocation efforts.

(b) Miscellaneous, net includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction and a charge of $20.0 million in 2015 resulting from the Applecross matter (see Note 12).

Schedule of Earnings Per Share of Common Stock

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

	December 31, 2016			December 31, 2015			December 31, 2014
Numerator:
Net income	$	602,703		$	494,090		$	474,338
Less: earnings distributed to participating securities	(1,100		)	(755		)	(583		)
Less: undistributed earnings allocated to participating securities	(3,622		)	(2,448		)	(2,668		)
Numerator for basic earnings per share	$	597,981		$	490,887		$	471,087
Add back: undistributed earnings allocated to participating securities	3,622			2,448			2,668
Less: undistributed earnings reallocated to participating securities	(3,602		)	(2,429		)	(2,643		)
Numerator for diluted earnings per share	$	598,001		$	490,906		$	471,112
Denominator:
Basic shares outstanding	339,747			356,576			370,377
Effect of dilutive securities	2,376			3,217			3,725
Diluted shares outstanding	342,123			359,793			374,102
Earnings per share:
Basic	$	1.76		$	1.38		$	1.27
Diluted	$	1.75		$	1.36		$	1.26

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, 2016				December 31, 2015
	Deposits and Pre-acquisition Costs		Remaining Purchase Price		Deposits and Pre-acquisition Costs		Remaining Purchase Price
Land options with VIEs	$	68,527	$	849,901	$	77,641	$	1,064,506
Other land options	126,909		1,252,662		84,478		981,687
	$	195,436	$	2,102,563	$	162,119	$	2,046,193

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 are summarized below ($000’s omitted):

	December 31, 2016				December 31, 2015
	Other Assets		Other Liabilities		Other Assets		Other Liabilities
Interest rate lock commitments	$	9,194	$	501	$	5,854	$	280
Forward contracts	8,085		1,004		1,178		840
Whole loan commitments	1,135		863		358		345
	$	18,414	$	2,368	$	7,390	$	1,465