0000822416-19-000008.txt : 20190131 0000822416-19-000008.hdr.sgml : 20190131 20190131122140 ACCESSION NUMBER: 0000822416-19-000008 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 100 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190131 DATE AS OF CHANGE: 20190131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PULTEGROUP INC/MI/ CENTRAL INDEX KEY: 0000822416 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 382766606 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09804 FILM NUMBER: 19554506 BUSINESS ADDRESS: STREET 1: 3350 PEACHTREE ROAD NORTHEAST STREET 2: SUITE 150 CITY: ATLANTA STATE: 2Q ZIP: 30326 BUSINESS PHONE: (404) 978-6400 MAIL ADDRESS: STREET 1: 3350 PEACHTREE ROAD NORTHEAST STREET 2: SUITE 150 CITY: ATLANTA STATE: 2Q ZIP: 30326 FORMER COMPANY: FORMER CONFORMED NAME: PULTE HOMES INC/MI/ DATE OF NAME CHANGE: 20011023 FORMER COMPANY: FORMER CONFORMED NAME: PULTE CORP DATE OF NAME CHANGE: 19931118 FORMER COMPANY: FORMER CONFORMED NAME: PHM CORP DATE OF NAME CHANGE: 19920703 10-K 1 a201810-k.htm 10-K 2018 Document
false--12-31FY20182018-12-3110-K0000822416277142007YesfalseLarge Accelerated Filer8132221388PULTEGROUP INC/MI/falsefalseNoYes56300010900081800020700058600028700053110.2510.12110.2220.122672780000543810000.010.015000000005000000002867524362771095072867524362771095070.060.063750.078750.060.063750.07875February 2035May 2033June 2032February 2035May 2033June 20322019-08-022023-06-222018-06-222945590000.010.01250000002500000000P3Y0.0110.0110.0020.00P1Y2M12DP2Y1M6DP0Y9M18D 0000822416 2018-01-01 2018-12-31 0000822416 2019-01-24 0000822416 2018-06-30 0000822416 2018-12-31 0000822416 2017-12-31 0000822416 2016-01-01 2016-12-31 0000822416 us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0000822416 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0000822416 us-gaap:CommonStockMember 2016-12-31 0000822416 us-gaap:RetainedEarningsMember 2016-12-31 0000822416 us-gaap:CommonStockMember 2015-12-31 0000822416 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0000822416 us-gaap:CommonStockMember 2016-01-01 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0000822416 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0000822416 us-gaap:RetainedEarningsMember 2018-12-31 0000822416 us-gaap:CommonStockMember 2017-12-31 0000822416 us-gaap:RetainedEarningsMember 2017-12-31 0000822416 us-gaap:RetainedEarningsMember 2016-01-01 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-12-31 0000822416 us-gaap:RetainedEarningsMember 2015-12-31 0000822416 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0000822416 us-gaap:CommonStockMember 2018-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000822416 2015-12-31 0000822416 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000822416 srt:MaximumMember phm:SoftwareAndHardwareMember 2018-01-01 2018-12-31 0000822416 srt:MaximumMember phm:ModelParkImprovementsAndFurnishingsMember 2018-01-01 2018-12-31 0000822416 us-gaap:RestrictedStockMember 2018-01-01 2018-12-31 0000822416 phm:JWHomesWielandMember 2016-01-01 2016-01-31 0000822416 phm:LandSalesMember 2018-01-01 2018-12-31 0000822416 srt:MinimumMember us-gaap:EquipmentMember 2018-01-01 2018-12-31 0000822416 phm:FinancialServicesMember 2018-01-01 2018-12-31 0000822416 srt:MinimumMember phm:ModelParkImprovementsAndFurnishingsMember 2018-01-01 2018-12-31 0000822416 us-gaap:InterestRateLockCommitmentsMember 2017-12-31 0000822416 us-gaap:ForwardContractsMember 2018-12-31 0000822416 phm:FinancialServicesMember 2016-01-01 2016-12-31 0000822416 srt:MinimumMember phm:SoftwareAndHardwareMember 2018-01-01 2018-12-31 0000822416 phm:JWHomesWielandMember phm:JWHomesWielandMember 2016-03-31 0000822416 phm:JWHomesWielandMember phm:JWHomesWielandMember 2016-03-31 0000822416 srt:MaximumMember us-gaap:EquipmentMember 2018-01-01 2018-12-31 0000822416 us-gaap:ForwardContractsMember 2017-12-31 0000822416 2018-01-01 0000822416 phm:JWHomesWielandMember 2016-03-31 0000822416 us-gaap:InterestRateLockCommitmentsMember 2018-12-31 0000822416 us-gaap:LoanPurchaseCommitmentsMember 2017-12-31 0000822416 phm:JWHomesWielandMember phm:LandOptionContractsMember 2016-03-31 0000822416 phm:FinancialServicesMember 2017-01-01 2017-12-31 0000822416 us-gaap:AccountingStandardsUpdate201602Member us-gaap:ProFormaMember 2019-01-01 0000822416 us-gaap:LoanPurchaseCommitmentsMember 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 phm:OtherLandOptionAgreementsMember 2018-12-31 0000822416 phm:OtherLandOptionAgreementsMember 2017-12-31 0000822416 phm:ConsolidatedandUnconsolidatedVIEsMember 2018-12-31 0000822416 phm:ConsolidatedandUnconsolidatedVIEsMember 2017-12-31 0000822416 phm:ImpairedInventoryMember 2018-12-31 0000822416 phm:ImpairedInventoryMember 2017-01-01 2017-12-31 0000822416 phm:ImpairedInventoryMember 2016-01-01 2016-12-31 0000822416 phm:ImpairedInventoryMember 2018-01-01 2018-12-31 0000822416 phm:ImpairedInventoryMember 2016-12-31 0000822416 phm:ImpairedInventoryMember 2017-12-31 0000822416 us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2016-12-31 0000822416 phm:ImpairedCommunityMember 2018-01-01 2018-12-31 0000822416 phm:AllOtherCommunitiesMember 2017-01-01 2017-12-31 0000822416 2017-06-30 0000822416 phm:AllOtherCommunitiesMember 2018-01-01 2018-12-31 0000822416 phm:May2017StrategicReviewCommunitiesMember 2017-04-01 2017-06-30 0000822416 2017-04-01 2017-06-30 0000822416 phm:LargeProjectImpairmentMember 2017-01-01 2017-12-31 0000822416 srt:MinimumMember phm:ImpairedInventoryMember 2017-12-31 0000822416 srt:MaximumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MinimumMember phm:ImpairedInventoryMember 2016-12-31 0000822416 srt:MaximumMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MinimumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2017-12-31 0000822416 srt:MaximumMember phm:ImpairedInventoryMember 2016-12-31 0000822416 srt:MaximumMember phm:ImpairedInventoryMember 2017-12-31 0000822416 srt:MaximumMember us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MinimumMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MaximumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2017-12-31 0000822416 srt:MinimumMember us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MaximumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2016-12-31 0000822416 srt:MinimumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MinimumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2016-12-31 0000822416 srt:MaximumMember us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2017-12-31 0000822416 srt:MinimumMember us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2017-12-31 0000822416 phm:DetachedSingleFamilyHomesMember 2016-01-01 2016-12-31 0000822416 phm:LandSalesMember stpr:CA phm:WestMemberMember 2018-01-01 2018-12-31 0000822416 phm:FloridaMember 2017-01-01 2017-12-31 0000822416 phm:OtherHomebuildingMember 2017-01-01 2017-12-31 0000822416 phm:DetachedSingleFamilyHomesMember 2018-01-01 2018-12-31 0000822416 phm:AttachedHomesMember 2017-01-01 2017-12-31 0000822416 phm:HomeOfficeRelocationMember 2016-01-01 2016-12-31 0000822416 phm:AttachedHomesMember 2018-01-01 2018-12-31 0000822416 phm:DetachedSingleFamilyHomesMember 2017-01-01 2017-12-31 0000822416 phm:AttachedHomesMember 2016-01-01 2016-12-31 0000822416 phm:MidwestMemberMember 2018-01-01 2018-12-31 0000822416 phm:TexasMemberMember 2018-01-01 2018-12-31 0000822416 phm:OtherHomebuildingMember 2016-01-01 2016-12-31 0000822416 phm:OtherHomebuildingMember 2018-01-01 2018-12-31 0000822416 phm:TexasMemberMember 2017-01-01 2017-12-31 0000822416 phm:NortheastMember 2018-01-01 2018-12-31 0000822416 phm:FloridaMember 2016-01-01 2016-12-31 0000822416 phm:MidwestMemberMember 2017-01-01 2017-12-31 0000822416 phm:WestMemberMember 2017-01-01 2017-12-31 0000822416 phm:MidwestMemberMember 2016-01-01 2016-12-31 0000822416 phm:FloridaMember 2018-01-01 2018-12-31 0000822416 phm:NortheastMember 2016-01-01 2016-12-31 0000822416 phm:NortheastMember 2017-01-01 2017-12-31 0000822416 phm:TexasMemberMember 2016-01-01 2016-12-31 0000822416 phm:SoutheastMember 2016-01-01 2016-12-31 0000822416 phm:WestMemberMember 2016-01-01 2016-12-31 0000822416 phm:SoutheastMember 2017-01-01 2017-12-31 0000822416 phm:WestMemberMember 2018-01-01 2018-12-31 0000822416 phm:SoutheastMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:TexasMemberMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:MidwestMemberMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:TexasMemberMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:NortheastMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:SoutheastMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:SoutheastMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:TexasMemberMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:WestMemberMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:WestMemberMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:MidwestMemberMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:FloridaMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:MidwestMemberMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:SoutheastMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:NortheastMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:WestMemberMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:NortheastMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:FloridaMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:FloridaMember 2018-01-01 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2018-12-31 0000822416 phm:FloridaMember 2017-12-31 0000822416 us-gaap:HomeBuildingMember 2016-12-31 0000822416 phm:SoutheastMember 2017-12-31 0000822416 phm:WestMemberMember 2016-12-31 0000822416 phm:TexasMemberMember 2018-12-31 0000822416 phm:MidwestMemberMember 2017-12-31 0000822416 phm:OtherHomebuildingMember 2017-12-31 0000822416 phm:SoutheastMember 2018-12-31 0000822416 phm:MidwestMemberMember 2016-12-31 0000822416 phm:OtherHomebuildingMember 2018-12-31 0000822416 phm:NortheastMember 2017-12-31 0000822416 phm:WestMemberMember 2017-12-31 0000822416 phm:FloridaMember 2018-12-31 0000822416 phm:NortheastMember 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2017-12-31 0000822416 phm:FloridaMember 2016-12-31 0000822416 phm:SoutheastMember 2016-12-31 0000822416 phm:WestMemberMember 2018-12-31 0000822416 phm:OtherHomebuildingMember 2016-12-31 0000822416 phm:NortheastMember 2016-12-31 0000822416 phm:FinancialServicesMember 2017-12-31 0000822416 phm:MidwestMemberMember 2018-12-31 0000822416 phm:TexasMemberMember 2017-12-31 0000822416 phm:TexasMemberMember 2016-12-31 0000822416 phm:FinancialServicesMember 2018-12-31 0000822416 phm:FinancialServicesMember 2016-12-31 0000822416 phm:UnconsolidatedJointVenturesMember 2018-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member 2017-12-31 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member 2017-12-31 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2018-12-31 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member 2018-12-31 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member 2018-12-31 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member 2018-12-31 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2018-12-31 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member 2017-12-31 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member 2018-12-31 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member 2017-12-31 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member us-gaap:SeniorNotesMember 2016-07-29 0000822416 srt:MaximumMember us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-12-31 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2016-02-01 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member us-gaap:SeniorNotesMember 2016-02-01 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2016-07-29 0000822416 srt:MinimumMember us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-12-31 0000822416 us-gaap:UnsecuredDebtMember 2017-12-31 0000822416 phm:RevolvingCreditFacilityAccordionFeatureMember 2018-06-22 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-06-22 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2016-07-29 0000822416 us-gaap:RevolvingCreditFacilityMember 2018-12-31 0000822416 phm:SeniorUnsecuredNotesIssuedJuly2016Member us-gaap:SeniorNotesMember 2016-07-29 0000822416 phm:UnsecuredSeniorNotes650DueMay2016Member 2016-06-01 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-12-31 0000822416 srt:MaximumMember 2018-12-31 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2017-12-31 0000822416 phm:SeniorUnsecuredNotesFebruary2016Member us-gaap:SeniorNotesMember 2016-02-01 0000822416 us-gaap:RevolvingCreditFacilityMember 2018-01-01 2018-12-31 0000822416 us-gaap:UnsecuredDebtMember 2018-12-31 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member 2018-01-01 2018-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member 2018-01-01 2018-12-31 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member 2017-01-01 2017-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member 2017-01-01 2017-12-31 0000822416 us-gaap:UnsecuredDebtMember phm:FinancialServicesMember 2017-08-14 2018-08-15 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member 2018-01-01 2018-12-31 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member 2017-01-01 2017-12-31 0000822416 phm:SharerepurchaseplanMember 2017-01-01 2017-12-31 0000822416 phm:SharerepurchaseplanMember 2018-01-01 2018-12-31 0000822416 phm:SharerepurchaseplanMember 2016-01-01 2016-12-31 0000822416 phm:ShareswithheldtopaytaxesMember 2018-01-01 2018-12-31 0000822416 phm:ShareswithheldtopaytaxesMember 2016-01-01 2016-12-31 0000822416 phm:SharerepurchaseplanMember 2018-12-31 0000822416 phm:ShareswithheldtopaytaxesMember 2017-01-01 2017-12-31 0000822416 phm:SeniorManagementLongTermCompensationPlanMemberMember 2018-01-01 2018-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2018-01-01 2018-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2018-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2016-01-01 2016-12-31 0000822416 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2017-01-01 2017-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2018-12-31 0000822416 us-gaap:DeferredCompensationShareBasedPaymentsMember 2017-01-01 2017-12-31 0000822416 us-gaap:DeferredCompensationShareBasedPaymentsMember 2016-01-01 2016-12-31 0000822416 us-gaap:DeferredCompensationShareBasedPaymentsMember 2018-01-01 2018-12-31 0000822416 phm:StockOptionPlanExerciseRange2Member 2018-12-31 0000822416 phm:StockOptionPlanExerciseRange1Member 2018-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2017-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2016-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2015-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2017-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2016-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2015-12-31 0000822416 phm:StockOptionPlanExerciseRange1Member 2018-01-01 2018-12-31 0000822416 phm:StockOptionPlanExerciseRange2Member 2018-01-01 2018-12-31 0000822416 phm:FieldLongTermCompensationPlanMember 2018-01-01 2018-12-31 0000822416 us-gaap:StateAndLocalJurisdictionMember phm:NetOperatingLossNOLExpirationPeriodRangeOneMember 2018-12-31 0000822416 us-gaap:AccountingStandardsUpdate201609Member 2016-12-31 0000822416 us-gaap:StateAndLocalJurisdictionMember phm:NetOperatingLossNOLExpirationPeriodRangeTwoMember 2018-12-31 0000822416 srt:MaximumMember 2018-01-01 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:LoanPurchaseCommitmentsMember 2017-12-31 0000822416 us-gaap:LandMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForwardContractsMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel1Member 2017-12-31 0000822416 us-gaap:LandMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember phm:LandHeldForSaleMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForwardContractsMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember phm:LandHeldForSaleMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateLockCommitmentsMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:LoanPurchaseCommitmentsMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateLockCommitmentsMember 2018-12-31 0000822416 phm:CTXMortgageCompanyLLCMember phm:LehmanComplaintMember 2018-12-17 2018-12-17 0000822416 phm:CTXMortgageCompanyLLCMember phm:LehmanComplaintMember phm:RMBSTransactionsSimilarIndemnityProvisionsMember 2018-12-17 2018-12-17 0000822416 phm:CTXMortgageCompanyLLCMember phm:LehmanComplaintMember phm:RMBSTransactionsAllegedViolationsMember 2018-12-17 2018-12-17 0000822416 srt:ParentCompanyMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2017-12-31 0000822416 srt:ParentCompanyMember 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2016-12-31 0000822416 srt:ParentCompanyMember 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2018-12-31 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 srt:ParentCompanyMember phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2015-12-31 0000822416 srt:ParentCompanyMember 2015-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2015-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2015-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember 2018-01-01 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2018-01-01 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 2018-10-01 2018-12-31 0000822416 2017-10-01 2017-12-31 0000822416 2017-01-01 2017-03-31 0000822416 us-gaap:FairValueAdjustmentToInventoryMember 2017-04-01 2017-06-30 0000822416 phm:LandInventoryImpairmentsMember 2018-10-01 2018-12-31 0000822416 2017-07-01 2017-09-30 0000822416 phm:LandInventoryImpairmentsMember 2017-10-01 2017-12-31 0000822416 phm:LandInventoryImpairmentsMember 2017-04-01 2017-06-30 0000822416 2018-04-01 2018-06-30 0000822416 us-gaap:FairValueAdjustmentToInventoryMember 2018-10-01 2018-12-31 0000822416 us-gaap:FinancialServiceMember 2018-01-01 2018-03-31 0000822416 phm:TotalHomebuildingMember 2018-04-01 2018-06-30 0000822416 2018-01-01 2018-03-31 0000822416 phm:TotalHomebuildingMember 2018-10-01 2018-12-31 0000822416 2018-07-01 2018-09-30 0000822416 phm:TotalHomebuildingMember 2018-07-01 2018-09-30 0000822416 us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 phm:TotalHomebuildingMember 2018-01-01 2018-03-31 0000822416 us-gaap:FinancialServiceMember 2018-04-01 2018-06-30 0000822416 us-gaap:FinancialServiceMember 2018-10-01 2018-12-31 0000822416 phm:TotalHomebuildingMember 2017-01-01 2017-03-31 0000822416 phm:TotalHomebuildingMember 2017-07-01 2017-09-30 0000822416 phm:TotalHomebuildingMember 2017-10-01 2017-12-31 0000822416 us-gaap:FinancialServiceMember 2017-01-01 2017-03-31 0000822416 phm:TotalHomebuildingMember 2017-04-01 2017-06-30 0000822416 us-gaap:FinancialServiceMember 2017-10-01 2017-12-31 0000822416 us-gaap:FinancialServiceMember 2017-04-01 2017-06-30 0000822416 us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 phm:home xbrli:shares phm:lot phm:impaired_community phm:inactive_community iso4217:USD phm:inacitve_lot xbrli:pure iso4217:USD xbrli:shares phm:segment phm:transaction phm:claim
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2018
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 1-9804 
_______________________________________________________________________
PULTEGROUP, INC.
(Exact name of registrant as specified in its charter) 
MICHIGAN
 
38-2766606
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)
3350 Peachtree Road NE, Suite 150
Atlanta, Georgia 30326
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (404) 978-6400
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Name of each exchange on which registered
Common Shares, par value $0.01
 
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act:
NONE
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  YES  [X]  NO  [ ]
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.   YES [ ]  NO  [X]
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  YES  [X]  NO  [ ]
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Act.  YES  [X]  NO  [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer  [X]
  
Accelerated filer  [ ]
  
Non-accelerated filer [ ]  
  
Smaller reporting company [ ]
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  
YES [ ]  NO  [X]
The aggregate market value of the registrant’s voting shares held by nonaffiliates of the registrant as of June 30, 2018, based on the closing sale price per share as reported by the New York Stock Exchange on such date, was $8,132,221,388. As of January 24, 2019, the registrant had 277,142,007 shares of common shares outstanding.
Documents Incorporated by Reference
Applicable portions of the Proxy Statement for the 2019 Annual Meeting of Shareholders are incorporated by reference in Part III of this Form.


PULTEGROUP, INC.
TABLE OF CONTENTS
 
Item
No.
 
Page
No.
 
 
 
 
 
1
 
 
 
1A
 
 
 
1B
 
 
 
2
 
 
 
3
 
 
 
4
 
 
 
4A
 
 
 
 
 
 
 
 
5
 
 
 
6
 
 
 
7
 
 
 
7A
 
 
 
8
 
 
 
9
 
 
 
9A
 
 
 
9B
 
 
 
 
 
 
 
 
10
 
 
 
11
 
 
 
12
 
 
 
13
 
 
 
14
 
 
 
 
 
 
 
 
15
 
 
 
16
 
 
 
 
 


 

2


PART I

ITEM I.    BUSINESS

PulteGroup, Inc.

PulteGroup, Inc. is a Michigan corporation organized in 1956. We are one of the largest homebuilders in the United States ("U.S."), and our common shares are included in the S&P 500 Index and trade on the New York Stock Exchange under the ticker symbol “PHM”. Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also have mortgage banking operations, conducted principally through Pulte Mortgage LLC (“Pulte Mortgage”), and title and insurance brokerage operations.

Homebuilding, our core business, which includes the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land, generated 98% of our consolidated revenues in each of 2018, 2017, and 2016. We offer a broad product line to meet the needs of homebuyers in our targeted markets. Through our brands, which include Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, we offer a wide variety of home designs, including single-family detached, townhouses, condominiums, and duplexes at different prices and with varying levels of options and amenities to our major customer groups: first-time, move-up, and active adult. Over our history, we have delivered nearly 725,000 homes.

As of December 31, 2018, we conducted our operations in 44 markets located throughout 24 states. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
 
Northeast:
 
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio
Texas:
 
Texas
West:
 
Arizona, California, Nevada, New Mexico, Washington

We also have a reportable segment for our financial services operations, which consists principally of mortgage banking, title, and insurance brokerage operations. Our Financial Services segment operates generally in the same geographic markets as our Homebuilding segments.

Financial information for each of our reportable business segments is included in Note 3 to our Consolidated Financial Statements.

Available information

We file annual, quarterly, and current reports, proxy statements, and other information with the Securities and Exchange Commission (the “SEC”). These filings are available at the SEC’s website at http://www.sec.gov. Our internet website address is www.pultegroupinc.com. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act are available free of charge through our website as soon as reasonably practicable after we electronically file them with or furnish them to the SEC. Our code of ethics for principal officers, our code of ethical business conduct, our corporate governance guidelines, and the charters of the Audit, Compensation and Management Development, Nominating and Governance, and Finance and Investment Committees of our Board of Directors are also posted on our website and are available in print, free of charge, upon request.


3


Homebuilding Operations

 
Years Ended December 31,
($000’s omitted)
 
2018
 
2017
 
2016
 
2015
 
2014
 
Home sale revenues
$
9,818,445

 
$
8,323,984

 
$
7,451,315

 
$
5,792,675

 
$
5,662,171

 
Home closings
23,107

 
21,052

 
19,951

 
17,127

 
17,196

 

For information and analysis of recent trends in our operations, see Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Our Homebuilding operations are geographically diverse within the U.S. As of December 31, 2018, we operated out of 815 active communities in 44 markets across 24 states. Sales prices of unit closings during 2018 ranged from approximately $100,000 to over $2,200,000, with 91% falling within the range of $200,000 to $750,000. The average unit selling price in 2018 was $425,000, compared with $395,000 in 2017, $373,000 in 2016, $338,000 in 2015, and $329,000 in 2014. The increase in average selling price in recent years resulted from a number of factors, including favorable market conditions, a shift in our sales mix toward move-up homebuyers, and changes in the geographical mix of homes sold. Our average unit selling price since 2015 was also impacted by our acquisition in January 2016 of substantially all of the assets of JW Homes ("Wieland"), a brand geared toward move-up homebuyers.

Sales of single-family detached homes, as a percentage of total unit sales, were 85% in 2018, compared with 88% in 2017, 87% in 2016, 86% in 2015, and 86% in 2014. The decrease in the percentage of single-family detached homes in 2018 can be attributed to the geographic mix of homes sold and an increase in the number of our communities in more urban locations where higher density attached homes are more commonplace.

We believe that national publicly-traded builders have a competitive advantage over local builders through their ability to: access more reliable and lower cost financing through the capital markets; control and entitle large land positions; gain better access to scarce labor resources; and achieve greater geographic and product diversification. Among our national publicly-traded peer group, we believe that builders with broad geographic and product diversity and sustainable capital positions will benefit from this scale and diversification in any market conditions. Our strategy to enhance shareholder value is centered around the following operational objectives:

•
Drive operational gains and asset efficiency in support of high returns over the housing cycle;
•
Shorten the duration of our owned land pipeline to improve returns and reduce risks;
•
Maintain disciplined business practices to maximize returns on investment;
•
Increase scale within our existing markets by appropriately expanding market share among our primary buyer groups: first time, move-up, and active adult;
•
Focus on building-to-order while maintaining an appropriate balance of speculative homes; and
•
Invest capital consistent with our stated priorities: invest in the business, fund our dividend, and routinely return excess funds to shareholders through share repurchases.

Land acquisition and development

We acquire land primarily for the construction of homes for sale. We select locations for development of homebuilding communities after completing a feasibility study, which includes, among other things, soil tests, independent environmental studies and other engineering work, an evaluation of necessary zoning and other governmental entitlements, and extensive market research that enables us to match the location with our product offering to meet the needs of consumers. We consider factors such as proximity to developed areas, population and job growth patterns, and, if applicable, estimated development costs. We frequently manage a portion of the risk of controlling our land positions through the use of land option agreements, which enable us to defer acquiring portions of properties owned by land sellers until we have determined whether and when to exercise our option. Our use of land option agreements can serve to reduce the financial risk associated with long-term land holdings. We typically acquire land with the intent to complete sales of housing units within 24 to 36 months from the date of opening a community, except in the case of certain Del Webb active adult developments and other large master-planned projects for which the completion of community build-out requires a longer time period. While our overall supply of controlled land is in excess of our short-term needs in certain of our markets, some of our controlled land consists of long-term positions that will

4


not be converted to home sales in the near term. Accordingly, we remain active in our pursuit of new land investment. We also periodically sell select parcels of land to third parties for commercial or other development or if we determine that they do not fit into our strategic operating plans.

Land is generally purchased after it is zoned and developed, or is ready for development, for our intended use. Where we develop land, we engage directly in many phases of the development process, including: land and site planning; obtaining environmental and other regulatory approvals; and constructing roads, sewers, water and drainage facilities, and community amenities, such as parks, pools, and clubhouses. We use our staff and the services of independent engineers and consultants for land development activities. Land development work is performed primarily by independent contractors and, when needed, local government authorities who construct sewer and water systems in some areas. At December 31, 2018, we controlled 149,577 lots, of which 89,530 were owned and 60,047 were under land option agreements.

Sales and marketing

We are dedicated to improving the quality and value of our homes through innovative architectural and community designs. Analyzing various qualitative and quantitative data obtained through extensive market research, we stratify our potential customers into well-defined homebuyer groups. Such stratification provides a method for understanding the business opportunities and risks across the full spectrum of consumer groups in each market. Once the needs of potential homebuyers are understood, we link our home design and community development efforts to the specific lifestyle of each consumer group. Through our understanding of each consumer group, we seek to provide homes that better meet the needs and wants of each homebuyer.

Our homes targeted to first-time homebuyers tend to be smaller with product offerings geared toward lower average selling prices or higher density. Move-up homebuyers tend to place more of a premium on location and amenities. These communities typically offer larger homes at higher price points. Through our Del Webb brand, we address the needs of active adults, to whom we offer both destination communities and “in place” communities, for homebuyers who prefer to remain in their current geographic area. Many of these active adult communities are age-restricted to the age fifty-five and over homebuyer and are highly amenitized, offering a variety of features, including golf courses, recreational centers, and educational classes, to facilitate the homebuyer maintaining an active lifestyle. In order to make the cost of these highly amenitized communities affordable to the individual homeowner, Del Webb communities tend to be larger than first-time or move-up homebuyer communities.

During 2018, 28%, 47%, and 25% of our home closings were to first-time, move-up, and active adult customers, respectively. Our sales mix has shifted slightly in recent years toward the move-up homebuyer where demand has been stronger. However, we have increased our investment in communities seeking to serve the first-time buyer and expect this buyer group to become a larger component of our sales mix in the future.

We believe that we are an innovator in home design, and we view our design capabilities as an integral aspect of our marketing strategy. Our in-house architectural services teams, supplemented by outside consultants, follow a 12-step product development process to introduce new features and technologies based on customer-validated data. Following this disciplined process results in distinctive design features, both in exterior facades and interior options and features. We typically offer a variety of house floor plans and elevations in each community, including potential options and upgrades, such as different flooring, countertop, fixture, and appliance choices, and design our base house and option packages to meet the needs of our customers as defined through rigorous market research. Energy efficiency represents an important source of value for new homes compared with existing homes and represents a key area of focus for our home designs, including high efficiency heating, ventilation, and air conditioning systems and insulation, low-emissivity windows, solar power in certain geographies, and other energy-efficient features.

We market our homes to prospective homebuyers through internet listings and link placements, mobile applications, media advertising, illustrated brochures, and other advertising displays. We have made significant enhancements in our tools and business practices to adapt our selling efforts to today's tech-enabled customers. This includes our websites (www.centex.com, www.pulte.com, www.delwebb.com, www.divosta.com, and www.jwhomes.com), which provide tools to help users find a home that meets their needs, investigate financing alternatives, communicate moving plans, maintain a home, learn more about us, and communicate directly with us.

Our sales teams consist primarily of commissioned employees, and the majority of our home closings also involve independent third party sales brokers. Our sales consultants are responsible for guiding the customer through the sales process,

5


including selecting the community, house floor plan, and options that meet the customer's needs. We are committed to industry-leading customer service through a variety of quality initiatives, including our customer care program, which seeks to ensure that homebuyers are comfortable at every stage of the process. Fully furnished and landscaped model homes physically located in our communities, which leverage the expertise of our interior designers, are generally used to showcase our homes and their distinctive design features. We have also introduced virtual reality walkthroughs of our house floor plans in certain communities to provide prospective homebuyers a more cost effective means to provide a realistic vision of our homes.

The majority of our homes are sold on a built-to-order basis where we do not begin construction of the home until we have a signed contract with a customer. However, we also build speculative ("spec") homes in most of our communities, which allow us to compete more effectively with existing homes available in the market, especially for homebuyers that require a home within a short time frame. We determine our spec home strategy for each community based on local market factors and maintain a level of spec home inventory based on our current and planned sales pace and construction cadence for the community.
Our sales contracts with customers generally require payment of a deposit at the time of contract signing and sometimes additional deposits upon selection of certain options or upgrade features for their homes. Our sales contracts also typically include a financing contingency that provides customers with the right to cancel if they cannot obtain mortgage financing at specified interest rates within a specified period. Our contracts may also include other contingencies, such as the sale of an existing home. Backlog, which represents orders for homes that have not yet closed, was $3.8 billion (8,722 units) at December 31, 2018 and $4.0 billion (8,996 units) at December 31, 2017. For orders in backlog, we have received a signed customer contract and customer deposit, which is refundable in certain instances. Of the orders in backlog at December 31, 2018, substantially all are scheduled to be closed during 2019, though all orders are subject to potential cancellation by or final negotiations with the customer. In the event of contract cancellation, the majority of our sales contracts stipulate that we have the right to retain the customer’s deposit, though we may choose to refund the deposit in certain instances.
Construction

The construction of our homes is conducted under the supervision of our on-site construction field managers. Substantially all of our construction work is performed by independent subcontractors under contracts that establish a specific scope of work at an agreed-upon price. Using a selective process, we have aligned with what we believe are premier subcontractors and suppliers to deliver quality throughout all aspects of the house construction process. In addition, our construction field managers and customer care associates interact with our homebuyers throughout the construction process and instruct homebuyers on post-closing home maintenance.

Continuous improvement in our house construction process is a key area of focus. We seek to build superior quality homes while maintaining efficient construction operations by using standard materials and components from a variety of sources and by using industry and company-specific construction practices. We are improving our product offerings and production processes through the following programs:

•
Common management of house plans to deliver house designs that customers value the most and that can be built at the highest quality and at an efficient cost;
•
Value engineering our house plans to optimize house designs in terms of material content and ease of construction while still providing a clear value to the customer;
•
Utilizing our proprietary construction standards and practices, training of our field leadership and construction personnel, communication with our suppliers, and auditing our compliance; and
•
Working with our suppliers using a data driven, collaborative method to reduce construction costs to what the associated construction activities or materials “should cost” in the market.

Generally, the construction materials used in our operations are readily available from numerous sources. However, the cost of certain building materials, especially lumber, steel, concrete, copper, and petroleum-based materials, is influenced by changes in global commodity prices, national tariffs, and other foreign trade factors. Additionally, the ability to consistently source qualified labor at reasonable prices remains challenging as labor supply growth has not kept pace with construction demand. To protect against changes in construction costs, labor and materials costs are generally established prior to or near the time when related sales contracts are signed with customers. In addition, we leverage our size by actively negotiating for certain materials on a national or regional basis to minimize costs. We are also working to establish a more integrated system that can effectively link suppliers, contractors, and the production schedule. However, we cannot determine the extent to which necessary building materials and labor will be available at reasonable prices in the future.


6


Competition

The housing industry in the U.S. is fragmented and highly competitive. While we are one of the largest homebuilders in the U.S., our national market share represented only approximately 4% of U.S. new home sales in 2018. In each of our local markets, there are numerous national, regional, and local homebuilders with whom we compete. Additionally, new home sales have traditionally represented less than 15% of overall U.S. home sales (new and existing homes). Therefore, we also compete with sales of existing house inventory and any provider of for sale or rental housing units, including apartment operators. We compete primarily on the basis of location, price, quality, reputation, design, community amenities, and our customers' overall sales and homeownership experiences.

Seasonality

Although significant changes in market conditions have impacted our seasonal patterns in the past and could do so again, we historically experience variability in our quarterly results from operations due to the seasonal nature of the homebuilding industry. We generally experience increases in revenues and cash flow from operations during the fourth quarter based on the timing of home closings. This seasonal activity increases our working capital requirements in our third and fourth quarters to support our home production and loan origination volumes. As a result of the seasonality of our operations, our quarterly results of operations are not necessarily indicative of the results that may be expected for the full year.

Regulation and environmental matters

Our operations are subject to extensive regulations imposed and enforced by various federal, state, and local governing authorities. These regulations are complex and include building codes, land zoning and other entitlement restrictions, health and safety regulations, labor practices, marketing and sales practices, environmental regulations, rules and regulations relating to mortgage financing and title operations, and various other laws, rules, and regulations. Collectively, these regulations have a significant impact on the site selection and development of our communities; our house design and construction techniques; our relationships with customers, employees, suppliers, and subcontractors; and many other aspects of our business. The applicable governing authorities frequently have broad discretion in administering these regulations, including inspections of our homes prior to closing with the customer in the majority of municipalities in which we operate. Additionally, we may experience extended timelines for receiving required approvals from municipalities or other government agencies that can delay our anticipated development and construction activities in our communities.

Financial Services Operations

We conduct our financial services business, which includes mortgage banking, title, and insurance brokerage operations, through Pulte Mortgage and other subsidiaries. Pulte Mortgage arranges financing through the origination of mortgage loans primarily for the benefit of our homebuyers. We are a lender approved by the Federal Housing Administration ("FHA") and Department of Veterans Affairs ("VA") and are a seller/servicer approved by Government National Mortgage Association ("Ginnie Mae"), Federal National Mortgage Association ("Fannie Mae"), Federal Home Loan Mortgage Corporation ("Freddie Mac"), and other investors. In our conventional mortgage lending activities, we follow underwriting guidelines established by Fannie Mae, Freddie Mac, and private investors. We believe that our customers’ use of our in-house mortgage and title operations provides us with a competitive advantage by enabling more control over the quality of the overall home buying process for our customers, while also helping us align the timing of the house construction process with our customers’ financing needs.

Operating through a captive business model targeted to supporting our Homebuilding operations, the business levels of our Financial Services operations are highly correlated to Homebuilding. Our Homebuilding customers continue to account for substantially all of our loan production. We originated the mortgage loans of 62% of the homes we closed in 2018, 66% in 2017, 65% in 2016, 65% in 2015, and 61% in 2014. Other home closings are settled via either cash, which typically represent approximately 20% of home closings, or third party lenders.

In originating mortgage loans, we initially use our own funds, including funds available pursuant to credit agreements with third parties, and subsequently sell such mortgage loans to third party investors in the secondary market. Substantially all of the loans we originate are sold in the secondary market within a short period of time after origination, generally within 30 days. We also sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the loans and related servicing rights for only a short period of time.

7



The mortgage industry in the U.S. is highly competitive. We compete with other mortgage companies and financial institutions to provide attractive mortgage financing to our homebuyers. We utilize a centralized fulfillment center for our mortgage operations that performs underwriting, processing, and closing functions. We believe centralizing both the fulfillment and origination of our loans improves the speed, efficiency, and quality of our mortgage operations, improving our profitability and allowing us to focus on providing attractive mortgage financing opportunities for our customers.

In originating and servicing mortgage loans, we are subject to the rules and regulations of the government-sponsored investors and other investors that purchase the loans we originate, as well as to those of other government agencies that have oversight of the government-sponsored investors or consumer lending rules in the U.S. In addition to being affected by changes in these programs, our mortgage banking business is also affected by many of the same factors that impact our homebuilding business.

Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. If a loan is determined to be faulty, we either indemnify the investor for potential future losses, repurchase the loan from the investor, or reimburse the investor's actual losses.

Our subsidiary title insurance companies serve as title insurance agents and underwriters in select markets by providing title insurance policies and examination and closing services to buyers of homes we sell. Historically, we have not experienced significant claims related to our title operations.

Our insurance brokerage operations serve as a broker for home, auto, and other personal insurance policies in select markets to buyers of homes we sell. All such insurance policies are placed with third party insurance carriers.

Employees

At December 31, 2018, we employed 5,086 people, of which 881 were employed in our Financial Services operations. Our employees are not represented by any union. Contracted work, however, may be performed by union contractors. We consider our employee relations to be good.


8


ITEM 1A.     RISK FACTORS

Discussion of our business and operations included in this annual report on Form 10-K should be read together with the risk factors set forth below. They describe various risks and uncertainties to which we are, or may become, subject. These risks and uncertainties, together with other factors described elsewhere in this report, have the potential to affect our business, financial condition, results of operations, cash flows, strategies, or prospects in a material and adverse manner.

The homebuilding industry is cyclical and a deterioration in industry conditions or downward changes in general economic or other business conditions could adversely affect our business or our financial results.

The residential homebuilding industry is sensitive to changes in economic conditions and other factors, such as the level of employment, consumer confidence, consumer income, availability of financing, and interest rate levels. Adverse changes in any of these conditions generally, or in the markets where we operate, could decrease demand and pricing for new homes in these areas or result in customer cancellations of pending contracts, which could adversely affect the number of home deliveries we make or reduce the prices we can charge for homes, either of which could result in a significant decrease in our revenues and earnings that could materially and adversely affect our financial condition.

Beginning in 2006 and continuing through 2011, the U.S. housing market was unfavorably impacted by severe weakness in new home sales attributable to, among other factors, weak consumer confidence, tightened mortgage standards, significant foreclosure activity, a more challenging appraisal environment, higher than normal unemployment levels, and significant uncertainty in the global economy. During this period, we incurred significant losses, including impairments of our land inventory and certain other assets. Since 2011, overall industry new home sales have increased, and we returned to profitability beginning in 2012. However, the recovery in housing demand has been slow by historical standards and the adjustments we have made to our operating strategy may not be successful if the current housing market were to deteriorate significantly.

Future increases in interest rates, reductions in mortgage availability, or other increases in the effective costs of owning a home could prevent potential customers from buying our homes and adversely affect our business and financial results.

A large majority of our customers finance their home purchases through mortgage loans, many through Pulte Mortgage. While mortgage interest rates in recent years have been at or near historic lows, thereby making new homes more affordable, mortgage loan interest rates have increased recently as the federal funds rate has been increased. Increases in interest rates or decreases in the availability of mortgage financing could adversely affect the market for new homes. Potential homebuyers may be less willing or able to pay the increased monthly costs resulting from higher interest rates or to obtain mortgage financing. Lenders may increase the qualifications needed for mortgages or adjust their terms to address any increased credit risk. Even if potential customers do not need financing, changes in interest rates and mortgage availability could make it harder for them to sell their current homes to potential buyers who need financing. These factors could adversely affect the sales or pricing of our homes and could also reduce the volume or margins in our financial services business. Our financial services business could also be impacted to the extent we are unable to match interest rates and amounts on loans we have committed to originate through the various hedging strategies we employ. These developments have had, and may continue to have, a material adverse effect on the overall demand for new housing and thereby on the results of operations of our business. For example, during 2018, we experienced lower than expected conversions of traffic to signups, especially among first-time and move-up buyers, beginning in May 2018 when mortgage rates increased.

The liquidity provided by Fannie Mae and Freddie Mac to the mortgage industry is also critical to the housing market. The impact of the federal government’s conservatorship of Fannie Mae and Freddie Mac on the short-term and long-term demand for new housing remains unclear. Any limitations or restrictions on the availability of financing by these agencies could adversely affect interest rates, mortgage financing, and our sales of new homes and mortgage loans. Additionally, the availability of FHA and VA mortgage financing is an important factor in marketing some of our homes.

Mortgage interest expense and real estate taxes represent significant costs of homeownership, both of which were historically generally deductible for an individual’s federal and, in some cases, state income taxes. On December 22, 2017, a law commonly known as the Tax Cuts and Jobs Act (the "Tax Act") was enacted. While the Tax Act lowers the tax rates applicable to many businesses and individuals, it also, among other things, (i) limits the federal deduction for mortgage interest so that it only applies to the first $750,000 of a new mortgage (as compared to $1 million under previous tax law), (ii) introduces a $10,000 cap on the federal deduction for state and local taxes, including real estate taxes, and (iii) eliminates the federal deduction for interest on certain home equity loans. The Tax Act also increased the standard deduction for individuals. As a result, fewer individuals are expected to itemize their income tax deductions, which would mitigate the income tax advantages associated with homeownership for those individuals. The combination of these changes could reduce home

9


ownership affordability and demand, especially in regions with higher housing prices or higher state and local income taxes. Any further changes in income tax law which eliminates or reduces the income tax benefits associated with home ownership could have an adverse impact on our business.

Our success depends on our ability to acquire land suitable for residential homebuilding at reasonable prices, in accordance with our land investment criteria.

The homebuilding industry is highly competitive for suitable land. The availability of finished and partially finished developed lots and undeveloped land for purchase that meet our internal criteria depends on a number of factors outside our control, including land availability in general, competition with other homebuilders and land buyers for desirable property, inflation in land prices, zoning, allowable housing density, and other regulatory requirements. Should suitable lots or land become less available, the number of homes we may be able to build and sell could be reduced, and the cost of land could be increased, perhaps substantially, which could adversely impact our results of operations.

Our long-term ability to build homes depends on our acquiring land suitable for residential building at reasonable prices in locations where we want to build. We experience significant competition for suitable land as a result of land constraints in many of our markets. As competition for suitable land increases, and as available land is developed, the cost of acquiring suitable remaining land could rise, and the availability of suitable land at acceptable prices may decline. Any land shortages or any decrease in the supply of suitable land at reasonable prices could limit our ability to develop new communities or result in increased land costs. We may not be able to pass through to our customers any increased land costs, which could adversely impact our revenues, earnings, and margins.

Supply shortages and other risks related to the demand for skilled labor and building materials could increase costs and delay deliveries.

The homebuilding industry is highly competitive for skilled labor and materials. Labor shortages in certain of our markets have become more acute in recent years as the supply chain adjusts to industry growth. Additionally, the cost of certain building materials, especially lumber, steel, concrete, copper, and petroleum-based materials, is influenced by changes in local and global commodity prices as well as government regulation, such as government-imposed tariffs or trade restrictions on supplies such as steel and lumber. During 2018, we experienced increases in the prices of some building materials and shortages of skilled labor in some areas. Increased costs or shortages of skilled labor and/or materials cause increases in construction costs and/or could cause construction delays. We may not be able to pass on increases in construction costs to customers and generally are unable to pass on any such increases to customers who have already entered into sales contracts as those sales contracts generally fix the price of the home at the time the contract is signed, which may be well in advance of the construction of the home. Sustained increases in construction costs may, over time, erode our margins, and pricing competition may restrict our ability to pass on any such additional costs, thereby decreasing our margins.

If the market value of our land and homes drops significantly, our profits could decrease and result in write-downs of the carrying values of land we own.

The market value of land, building lots, and housing inventories can fluctuate significantly as a result of changing market conditions, and the measures we employ to manage inventory risk may not be adequate to insulate our operations from a severe drop in inventory values. We acquire land for expansion into new markets and for replacement of land inventory and expansion within our current markets. If housing demand decreases below what we anticipated when we acquired our inventory, we may not be able to make profits similar to what we have made in the past, we may experience less than anticipated profits, and/or we may not be able to recover our costs when we sell and build homes. When market conditions are such that land values are not appreciating, land option arrangements previously entered into may become less desirable, at which time we may elect to forego deposits and pre-acquisition costs and terminate the agreement. In the face of adverse market conditions, we may have substantial inventory carrying costs, we may have to write down our inventory to its fair value, and/or we may have to sell land or homes at a loss. At times we have been required to record significant write-downs of the carrying value of our land inventory, and we have elected not to exercise options to purchase land, even though that required us to forfeit deposits and write-off pre-acquisition costs. For example, we incurred land-related charges totaling $99.4 million and $191.9 million in 2018 and 2017, respectively. Although we have taken efforts to reduce our exposure to costs of that type, a certain amount of exposure is inherent in the homebuilding business. If market conditions were to deteriorate in the future, we could again be required to record significant write downs to our land inventory, which would decrease the asset values reflected on our balance sheet and materially and adversely affect our earnings and our stockholders' equity.


10


We are subject to claims related to mortgage loans we sold in the secondary mortgage market that may be significant.

Our mortgage operations may be responsible for losses arising out of claims associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to certain representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the type of collateral, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan.  To date, the significant majority of these claims made by investors against our mortgage operations relate to loans originated prior to 2009, during which inherently riskier loan products became more common in the origination market. We may also be required to indemnify underwriters that purchased and securitized loans originated by a former subsidiary of Centex Corporation ("Centex"), which we acquired in 2009, for losses incurred by investors in those securitized loans based on similar breaches of representations and warranties. As of December 31, 2018, our mortgage subsidiaries were defendants in legal proceedings in which the plaintiffs are seeking indemnification for alleged breaches of representations and warranties made by the mortgage subsidiaries in the mortgage loan sale agreements and may also be subject to other similar claims for which legal proceedings had not been instituted as of December 31, 2018.

The resolution of claims related to alleged breaches of these representations and warranties and repurchase claims could have a material adverse effect on our financial condition, cash flows and results of operations. Given the unsettled litigation, changes in values of underlying collateral over time, and other uncertainties regarding the ultimate resolution of these claims, actual costs could differ from our current estimates. Accordingly, there can be no assurance that such reserves will not need to be increased in the future.

Products supplied to us and work done by subcontractors can expose us to risks that could adversely affect our business.

We rely on subcontractors to perform the actual construction of our homes and, in some cases, to select and obtain building materials. Despite our detailed specifications and quality control procedures, in some cases, subcontractors may use improper construction processes or defective materials. Defective products widely used by the homebuilding industry can result in the need to perform extensive repairs to large numbers of homes. The cost of complying with our warranty obligations may be significant if we are unable to recover the cost of repairs from subcontractors, materials suppliers, and insurers.

We also can suffer damage to our reputation, and may be exposed to possible liability, if subcontractors fail to comply with applicable laws, including laws involving actions or matters that are not within our control. When we learn about possibly improper practices by subcontractors, we attempt to cause the subcontractors to discontinue them and may terminate the use of such subcontractors. However, attempts at mitigation may not avoid claims against us relating to actions of or matters relating to our subcontractors.

Adverse capital and credit market conditions may significantly affect our access to capital and cost of capital.

The capital and credit markets can experience significant volatility. We may need credit-related liquidity for the future development of our business and other capital needs. Without sufficient liquidity, we may not be able to purchase additional land or develop land, which could adversely affect our financial results. At December 31, 2018, we had cash, cash equivalents, and restricted cash of $1.1 billion as well as $760.6 million available under our revolving credit facility, net of outstanding letters of credit. However, our internal sources of liquidity and revolving credit facility may prove to be insufficient, and, in such case, we may not be able to successfully obtain additional financing on terms acceptable to us, or at all.

Another source of liquidity includes our ability to use letters of credit and surety bonds relating to certain performance-related obligations and as security for certain land option agreements and insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. At December 31, 2018, we had outstanding letters of credit and surety bonds totaling $239.4 million and $1.3 billion, respectively. These letters of credit are generally issued via our unsecured revolving credit facility, which contains certain financial covenants and other limitations. If we are unable to obtain letters of credit or surety bonds when required, or the conditions imposed by issuers increase significantly, our liquidity could be adversely affected.


11


Our inability to sell mortgages into the secondary market could significantly reduce our ability to sell homes unless we are willing to become a long-term investor in loans we originate.

We sell substantially all of the residential mortgage loans we originate within a short period in the secondary mortgage market. If we were unable to sell loans into the secondary mortgage market or directly to Fannie Mae and Freddie Mac, we would have to either (a) curtail our origination of residential mortgage loans, which among other things, could significantly reduce our ability to sell homes, or (b) commit our own funds to long term investments in mortgage loans, which, in addition to requiring us to deploy substantial amounts of our own funds, could delay the time when we recognize revenues from home sales on our statements of operations.

Competition for homebuyers could reduce our deliveries or decrease our profitability.

The U.S. housing industry is highly competitive. Homebuilders compete not only for homebuyers, but also for desirable land, financing, raw materials, skilled management, and labor resources. We compete in each of our markets with numerous national, regional, and local homebuilders on the basis of location, price, quality, reputation, design, community amenities, and our customers' overall sales and homeownership experiences. This competition with other homebuilders could reduce the number of homes we deliver or cause us to accept reduced margins to maintain sales volume. Competition can also affect our ability to procure suitable land, raw materials, and skilled labor at acceptable prices or other terms.

We also compete with resales of existing or foreclosed homes, housing speculators, and available rental housing.
Increased competitive conditions in the residential resale or rental market in the regions where we operate could decrease demand for new homes or unfavorably impact pricing for new homes.

The loss of the services of members of our senior management or a significant number of our operating employees could negatively affect our business.

Our success depends upon the skills, experience, and active participation of our senior management, many of whom have been with the Company for a significant number of years. If we were to lose members of our senior management, we might not be able to find appropriate replacements on a timely basis, and our operations could be negatively affected. Also, the loss of a significant number of operating employees in key roles or geographies where we are not able to hire qualified replacements could have a material adverse effect on our business.

Our income tax provision and tax reserves may be insufficient if a taxing authority is successful in asserting positions that are contrary to our interpretations and related reserves, if any.

Significant judgment is required in determining our provision for income taxes and our reserves for federal, state, and local taxes. In the ordinary course of business, there may be matters for which the ultimate outcome is uncertain. Our evaluation of our tax matters is based on a number of factors, including relevant facts and circumstances, applicable tax law, correspondence with tax authorities during the course of audits, and effective settlement of audit issues. Although we believe our approach to determining the tax treatment for such items is appropriate, no assurance can be given that the final tax authority review will not be materially different than that which is reflected in our income tax provision and related tax reserves. Such differences could have a material adverse effect on our income tax provision in the period in which such determination is made and, consequently, on our financial position, cash flows, or net income.

We are periodically audited by various federal, state, and local authorities regarding tax matters. Our current audits are in various stages of completion; however, no outcome for a particular audit can be determined with certainty prior to the conclusion of the audit, appeal, and, in some cases, litigation process. As each audit is concluded, adjustments, if any, are recorded in our financial statements in the period determined. To provide for potential tax exposures, we consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlement of audit issues. If these reserves are insufficient upon completion of an audit, there could be an adverse impact on our financial position, cash flows, and results of operations.

We may not realize our deferred tax assets.

As of December 31, 2018, we had deferred tax assets, net of deferred tax liabilities, of $368.2 million, against which we provided a valuation allowance of $92.6 million. The ultimate realization of our deferred tax assets is dependent upon generating future taxable income. While we have recorded valuation allowances against certain of our deferred tax assets, the valuation allowances are subject to change as facts and circumstances change.

12


Our ability to utilize net operating losses (“NOLs”), built-in losses (“BILs”), and tax credit carryforwards to offset our future taxable income or income tax would be limited if we were to undergo an “ownership change” within the meaning of Section 382 of the Internal Revenue Code (the “IRC”). In general, an “ownership change” occurs whenever the percentage of the stock of a corporation owned by “5-percent shareholders” (within the meaning of Section 382 of the IRC) increases by more than 50 percentage points over the lowest percentage of the stock of such corporation owned by such “5-percent shareholders” at any time over the testing period.

An ownership change under Section 382 of the IRC would establish an annual limitation to the amount of NOLs, BILs, and tax credit carryforwards we could utilize to offset our taxable income or income tax in any single year. The application of these limitations might prevent full utilization of the deferred tax assets attributable to our NOLs, BILs, and tax credit carryforwards. To preserve our ability to utilize NOLs, BILs, and other tax benefits in the future without a Section 382 limitation, we adopted a shareholder rights plan, which is triggered upon certain transfers of our securities, and amended our by-laws to prohibit certain transfers of our securities. Our shareholder rights plan, as amended, expires June 1, 2019, unless our board of directors and shareholders approve an amendment to extend the term prior thereto. Notwithstanding the foregoing measures, there can be no assurance that we will not undergo an ownership change within the meaning of Section 382.

Our ability to use certain of Centex's federal losses and credits is limited under Section 382 of the IRC. We do not believe that the Section 382 limitations will prevent us from utilizing these Centex losses and credits. We do believe that full utilization of certain state NOL carryforwards will be limited due to Section 382.

The value of our deferred tax assets is also dependent upon the tax rates expected to be in effect at the time taxable income is expected to be generated. A decrease in enacted corporate tax rates in our major jurisdictions, especially the U.S. federal corporate tax rate, would decrease the value of our deferred tax assets, which could be material.

We have significant intangible assets. If these assets become impaired, then our profits and shareholders’ equity may be reduced.

We have significant intangible assets related to business combinations. If the carrying value of intangible assets is deemed impaired, the carrying value is written down to fair value. This would result in a charge to our earnings. If management’s expectations of future results and cash flows decrease significantly, impairments of the remaining intangible assets may occur.

Government regulations could increase the cost and limit the availability of our development and homebuilding projects or affect our related financial services operations and adversely affect our business or financial results.

Our operations are subject to building, safety, environmental, and other regulations imposed and enforced by various federal, state, and local governing authorities. New housing developments may also be subject to various assessments for schools, parks, streets, and other public improvements. These assessments have increased over recent years as other funding mechanisms have decreased causing local governing authorities to seek greater contributions from homebuilders. All of these factors can cause an increase in the effective cost of our homes.

We also are subject to a variety of local, state, and federal laws and regulations concerning protection of health, safety, and the environment. The impact of environmental laws varies depending upon the prior uses of the building site or adjoining properties and may be greater in areas with less supply where undeveloped land or desirable alternatives are less available. These matters may result in delays, may cause us to incur substantial compliance, remediation and other costs, and can prohibit or severely restrict development and homebuilding activity in environmentally sensitive regions or areas. More stringent requirements could be imposed in the future on homebuilders and developers, thereby increasing the cost of compliance.

Our financial services operations are also subject to numerous federal, state, and local laws and regulations. These include eligibility requirements for participation in federal loan programs and compliance with consumer lending and similar requirements such as disclosure requirements, prohibitions against discrimination, and real estate settlement procedures. They also subject our operations to examination by applicable agencies, pursuant to which those agencies may limit our ability to provide mortgage financing or title services to potential purchasers of our homes. For our homes to qualify for FHA or VA mortgages, we must satisfy valuation standards and site, material, and construction requirements of those agencies.


13


Homebuilding is subject to warranty and other claims in the ordinary course of business that can be significant.

As a homebuilder, we are subject to home warranty, construction defect, and other claims arising in the ordinary course of business. We record warranty and other reserves relating to the homes we sell based on historical experience in our markets and our judgment of the qualitative risks associated with the types of homes built. We have, and require our subcontractors to have, general liability, property, errors and omissions, workers compensation, and other business insurance. These insurance policies protect us against a portion of our risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by our captive insurance subsidiaries represent self-insurance of these risks by us. We reserve for costs to cover our self-insured and deductible amounts under these policies and for any costs of claims and lawsuits based on an analysis of our historical claims, which includes an estimate of claims incurred but not yet reported. Because of the uncertainties inherent in these matters, we cannot provide assurance that our insurance coverage, our subcontractor arrangements, and our reserves will be adequate to address all our warranty and construction defect claims in the future. Contractual indemnities can be difficult to enforce, we may be responsible for applicable self-insured retentions, and some types of claims may not be covered by insurance or may exceed applicable coverage limits. Additionally, the coverage offered by and the availability of general liability insurance for construction defects are currently costly and limited. We have responded to increases in insurance costs and coverage limitations by increasing our self-insured retentions and claim reserves. There can be no assurance that coverage will not be further restricted or become more costly. Additionally, we are exposed to counterparty default risk related to our subcontractors, our insurance carriers, and our subcontractors’ insurance carriers.

Natural disasters, severe weather conditions and changing climate patterns could delay deliveries, increase costs, and decrease demand for new homes in affected areas.

Our homebuilding operations are located in many areas that are subject to natural disasters and severe weather. The occurrence of natural disasters or severe weather conditions can delay new home deliveries, increase costs by damaging inventories, reduce the availability of materials, and negatively impact the demand for new homes in affected areas. Furthermore, if our insurance does not fully cover business interruptions or losses resulting from these events, our earnings, liquidity, or capital resources could be adversely affected. In 2017 and 2018, several hurricanes caused disruptions in our Florida, Carolinas, and Houston markets but did not result in a material impact to our results of operations.

In addition, government restrictions, standards, or regulations intended to reduce greenhouse gas emissions or potential climate change impacts are likely to result in restrictions on land development in certain areas and may increase energy, transportation, or raw material costs, which could reduce our housing gross profit margins and adversely affect our results of operations.

Inflation may result in increased costs that we may not be able to recoup.

Inflation can adversely affect us by increasing costs of land, materials, and labor. In addition, significant inflation is often accompanied by higher interest rates, which may have a negative impact on demand for our homes. In an inflationary environment, economic conditions and other market factors may make it difficult for us to raise home prices enough to keep up with the rate of inflation, which would reduce our profit margins. Although the rate of inflation has been historically low for the last several years, we currently are experiencing increases in the prices of labor and materials above the general inflation rate.

Information technology failures or data security breaches could harm our business.

We use information technology and other computer resources to carry out important operational activities and to maintain our business records. Our computer systems, including our back-up systems, are subject to damage or interruption from power outages, computer and telecommunications failures, computer viruses, security breaches (through cyberattacks from computer hackers and sophisticated organizations), catastrophic events such as fires, tornadoes and hurricanes, and usage errors by our employees or cyber-attacks or errors by third party vendors who have access to our confidential data, or that of our customers. While we are continuously working to improve our information technology systems and provide employee awareness training around phishing, malware, and other cyber risks to enhance our levels of protection, to the extent possible, against cyber risks and security breaches, and monitor to prevent, detect, address and mitigate the risk of unauthorized access, misuse, computer viruses and other events that could have an impact on our business, there is no assurance that advances in computer capabilities, new technologies, methods or other developments will detect or prevent security breaches and safeguard access to proprietary or confidential information. If our computer systems and our back-up systems are damaged, breached, or cease to function properly, or if there are intrusions or failures of critical infrastructure such as the power grid or

14


communications systems, we could suffer extended interruptions in our operations or unintentionally allow misappropriation of proprietary or confidential information (including information about our employees, homebuyers and business partners). Any such disruption could damage our reputation, result in market value declines, lead to legal proceedings against us by affected third parties resulting in penalties or fines, and require us to incur significant costs to remediate or otherwise resolve these issues.

We can be injured by improper acts of persons over whom we do not have control or by the attempt to impose liabilities or obligations of third parties on us.

Although we expect all of our employees, officers, and directors to comply at all times with all applicable laws, rules, and regulations, there may be instances in which subcontractors or others through whom we do business engage in practices that do not comply with applicable laws, regulations, or governmental guidelines. When we learn of practices that do not comply with applicable laws or regulations, including practices relating to homes, buildings, or multifamily rental properties we build or finance, we move actively to stop the non-complying practices as soon as possible, and we have taken disciplinary action regarding employees of ours who were aware of non-complying practices and did not take steps to address them, including in some instances terminating their employment. However, regardless of the steps we take after we learn of practices that do not comply with applicable laws or regulations, we can in some instances be subject to fines or other governmental penalties, and our reputation can be injured, due to the practices' having taken place.

The homes we sell are built by employees of subcontractors and other contract parties. We do not have the ability to control what these contract parties pay their employees or subcontractors or the work rules they impose on their employees or subcontractors. However, various governmental agencies are trying to hold contract parties like us responsible for violations of wage and hour laws and other work-related laws by firms whose employees are performing contracted services. Governmental rulings or changes in state or local laws that make us responsible for labor practices by our subcontractors could create substantial exposures for us in situations that are not within our control.

ITEM 1B.    UNRESOLVED STAFF COMMENTS

None.
 
ITEM 2.    PROPERTIES

Our homebuilding and corporate headquarters are located in leased office facilities at 3350 Peachtree Road NE, Suite 150, Atlanta, Georgia 30326. Pulte Mortgage leases its primary office facilities in Englewood, Colorado. We also maintain various support functions in leased facilities in Tempe, Arizona. Our homebuilding divisions and financial services branches lease office space in the geographic locations in which they conduct their daily operations.

Because of the nature of our homebuilding operations, significant amounts of property are held as inventory in the ordinary course. Such properties are not included in response to this Item.

ITEM 3.    LEGAL PROCEEDINGS

We are involved in various legal and governmental proceedings incidental to our continuing business operations, many involving claims related to certain construction defects. The consequences of these matters are not presently determinable but, in our opinion, after consulting with legal counsel and taking into account insurance and reserves, the ultimate liability is not expected to have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds our estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant.

ITEM 4.    MINE SAFETY DISCLOSURES

This Item is not applicable.

15


ITEM 4A.    EXECUTIVE OFFICERS OF THE REGISTRANT

Set forth below is certain information with respect to our executive officers.
Name
 
Age
 
Position
 
Year Became
An Executive Officer
Ryan R. Marshall
 
44
 
President and Chief Executive Officer
 
2012
Robert T. O'Shaughnessy
 
53
 
Executive Vice President and Chief Financial Officer
 
2011
Todd N. Sheldon
 
51
 
Executive Vice President, General Counsel and Corporate Secretary
 
2017
Harmon D. Smith
 
55
 
Executive Vice President and Chief Operating Officer
 
2011
Michelle Hairston
 
42
 
Senior Vice President, Human Resources
 
2018
James L. Ossowski
 
50
 
Senior Vice President, Finance
 
2013
Stephen P. Schlageter
 
48
 
Senior Vice President, Operations and Strategy
 
2018
The following is a brief account of the business experience of each officer during the past five years:
Mr. Marshall was appointed Chief Executive Officer in September 2016. Previously, he held the positions of President since February 2016 and Executive Vice President, Homebuilding Operations since May 2014. He served as an Area President over various geographical markets since 2012.
Mr. O'Shaughnessy was appointed Executive Vice President and Chief Financial Officer in May 2011.
Mr. Sheldon was appointed Executive Vice President, General Counsel and Corporate Secretary in March 2017. Prior to joining our company, he served as Executive Vice President, General Counsel and Secretary at Americold Realty Trust from June 2013 to March 2017.
Mr. Smith was appointed Executive Vice President and Chief Operating Office in February 2016 and previously held the positions of Executive Vice President, Field Operations since May 2014 and Homebuilding Operations and Area President, Texas since May 2012.
Ms. Hairston was appointed Senior Vice President, Human Resources in April 2018 and previously held the positions of Area Vice President of Human Resources, for the East and Midwest Areas since May 2015 and Vice President of Human Resources, Talent Acquisition between May 2015 and September 2016. She served as an Area Vice President, Human Resources over various geographical markets since 2009.
Mr. Ossowski was appointed Senior Vice President, Finance in February 2017 and previously held the position of Vice President, Finance and Controller since February 2013.
Mr. Schlageter was appointed Senior Vice President, Operations & Strategy in September 2017 and previously held the position of Area President over various geographical markets since 2012.
There is no family relationship between any of the officers. Each officer serves at the pleasure of the Board of Directors.


16


PART II
 
ITEM 5.
MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common shares are listed on the New York Stock Exchange (Symbol: PHM). At January 24, 2019, there were 2,248 shareholders of record.

Issuer Purchases of Equity Securities
 

Total number
of shares
purchased
 

Average
price paid
per share
 

Total number of
shares purchased
as part of publicly
announced plans
or programs
 

Approximate dollar
value of shares
that may yet be
purchased under
the plans or
programs
($000’s omitted)
 
October 1, 2018 to October 31, 2018
2,431,879

 
$
23.22

 
2,410,261

 
$
366,446

(1)
November 1, 2018 to November 30, 2018
2,308,628

 
24.72

 
2,308,628

 
$
309,381

(1)
December 1, 2018 to December 31, 2018
358,596

 
26.49

 
358,596

 
$
299,882

(1)
Total
5,099,103

 
$
24.13

 
5,077,485

 
 
 
 

(1)
The Board of Directors approved a share repurchase authorization totaling $1.0 billion in July 2016 and an increase of $500.0 million to such authorization in January 2018. There is no expiration date for this program, under which $299.9 million remained available as of December 31, 2018. During 2018, we repurchased 10.9 million shares under this program.

The information required by this item with respect to equity compensation plans is set forth under Item 12 of this annual report on Form 10-K and is incorporated herein by reference.

17


Performance Graph

The following line graph compares, for the fiscal years ended December 31, 2014, 2015, 2016, 2017, and 2018, (a) the yearly cumulative total shareholder return (i.e., the change in share price plus the cumulative amount of dividends, assuming dividend reinvestment, divided by the initial share price, expressed as a percentage) on PulteGroup’s common shares, with (b) the cumulative total return of the Standard & Poor’s 500 Stock Index and with (c) the Dow Jones U.S. Select Home Construction Index. The Dow Jones U.S. Select Home Construction Index is a widely-recognized index comprised primarily of large national homebuilders. We believe comparison of our shareholder return to this index represents a meaningful analysis for investors.

COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN*
AMONG PULTEGROUP, INC., S&P 500 INDEX, AND PEER INDEX
Fiscal Year Ended December 31, 2018

graph2018.jpg

 
 
2013
 
2014
 
2015
 
2016
 
2017
 
2018
PULTEGROUP, INC.
 
$
100.00

 
$
106.57

 
$
90.01

 
$
94.63

 
$
173.56

 
$
137.52

S&P 500 Index - Total Return
 
100.00

 
113.69

 
115.26

 
129.05

 
157.22

 
150.33

Dow Jones U.S. Select Home Construction
     Index
 
100.00

 
105.15

 
110.88

 
113.34

 
181.51

 
125.74


* Assumes $100 invested on December 31, 2013, and the reinvestment of dividends.

18


ITEM 6.    SELECTED FINANCIAL DATA

Set forth below is selected consolidated financial data for each of the past five fiscal years. The selected financial data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and our Consolidated Financial Statements and Notes thereto included elsewhere in this report.
 
Years Ended December 31,
(000’s omitted, except per share data)
 
2018
 
2017
 
2016
 
2015
 
2014
OPERATING DATA:
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
9,982,949

 
$
8,385,526

 
$
7,495,404

 
$
5,844,658

 
$
5,700,338

Income before income taxes
$
1,288,804

 
$
865,332

 
$
860,766

 
$
757,317

 
$
635,177

Financial Services:
 
 
 
 
 
 
 
 
 
Revenues
$
205,382

 
$
192,160

 
$
181,126

 
$
140,445

 
$
125,638

Income before income taxes
$
58,736

 
$
73,496

 
$
73,084

 
$
58,706

 
$
54,581

 
 
 
 
 
 
 
 
 
 
Consolidated results:
 
 
 
 
 
 
 
 
 
Revenues
$
10,188,331

 
$
8,577,686

 
$
7,676,530

 
$
5,985,103

 
$
5,825,977

 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
1,347,540

 
$
938,828

 
$
933,850

 
$
816,023

 
$
689,758

Income tax (expense) benefit
(325,517
)
 
(491,607
)
 
(331,147
)
 
(321,933
)
 
(215,420
)
Net income
$
1,022,023

 
$
447,221

 
$
602,703

 
$
494,090

 
$
474,338

 
 
 
 
 
 
 
 
 
 
PER SHARE DATA:
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
3.56

 
$
1.45

 
$
1.76

 
$
1.38

 
$
1.27

Diluted
$
3.55

 
$
1.44

 
$
1.75

 
$
1.36

 
$
1.26

Number of shares used in calculation:
 
 
 
 
 
 
 
 
 
Basic
283,578

 
305,089

 
339,747

 
356,576

 
370,377

Effect of dilutive securities
1,287

 
1,725

 
2,376

 
3,217

 
3,725

Diluted
284,865

 
306,814

 
342,123

 
359,793

 
374,102

Shareholders’ equity
$
17.39

 
$
14.60

 
$
13.63

 
$
13.63

 
$
13.01

Cash dividends declared
$
0.38

 
$
0.36

 
$
0.36

 
$
0.33

 
$
0.23




19


 
December 31,
($000’s omitted)
 
2018
 
2017
 
2016
 
2015
 
2014
BALANCE SHEET DATA:
 
 
 
 
 
 
 
 
 
House and land inventory
$
7,253,353

 
$
7,147,130

 
$
6,770,655

 
$
5,450,058

 
$
4,392,100

Total assets
10,172,976

 
9,686,649

 
10,178,200

 
9,189,406

 
8,560,187

Notes payable
3,028,066

 
3,006,967

 
3,129,298

 
2,109,841

 
1,831,593

Shareholders’ equity
4,817,782

 
4,154,026

 
4,659,363

 
4,759,325

 
4,804,954

 
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
2018
 
2017
 
2016
 
2015
 
2014
OTHER DATA:
 
 
 
 
 
 
 
 
 
Markets, at year-end
44

 
47

 
49

 
50

 
49

Active communities, at year-end
815

 
790

 
726

 
620

 
598

Closings (units)
23,107

 
21,052

 
19,951

 
17,127

 
17,196

Net new orders (units)
22,833

 
22,626

 
20,326

 
18,008

 
16,652

Backlog (units), at year-end
8,722

 
8,996

 
7,422

 
6,731

 
5,850

Average selling price (per unit)
$
425,000

 
$
395,000

 
$
373,000

 
$
338,000

 
$
329,000




20


ITEM 7.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

Favorable demographic and economic conditions, combined with historically low interest rates, have supported the recovery in U.S. new home sales that began in 2012. During this period, we have made significant investments to acquire and develop land inventory and open new communities, including opening approximately 250 new communities across our local markets in each of the last three years. We have grown our investment in the business in a disciplined manner by emphasizing smaller projects and working to shorten our years of owned land supply, including increasing the use of land option agreements, which now account for 40% of our controlled lots as compared with 11% at the beginning of 2012. We have also focused our land investments on closer-in locations where we think demand is more sustainable when the market ultimately moderates. We have accepted the trade-off of having to pay more for certain land positions where we can be more confident in future performance. The combination of favorable demand conditions, our investments in new communities, and our focus on gross margin performance through community location, strategic pricing, and construction efficiencies resulted in growth in our revenues and income before income taxes each year during the period from 2012 to 2018.

We entered 2018 with a large backlog of new orders, and demand conditions remained favorable through the early part of 2018, as evidenced by continued growth in new orders during the traditional spring selling season. However, this was followed by an industry-wide softening in demand that began in the second quarter of 2018. To varying degrees, the slowdown has occurred across all major buyer groups and all of our geographies. This slowdown was closely correlated with the rise in mortgage interest rates that began in May 2018, however, we believe that the broader cause is the affordability challenge that many prospective buyers continue to face, which has created uncertainty in the industry regarding short-term demand. However, many of the fundamentals supporting continued growth in demand, including: a strong employment picture in the U.S.; high consumer confidence; a supportive, though slightly higher, interest rate environment; and a limited supply of new and existing homes, remain favorable.

We believe that the actions we have taken over the past few years to shorten the duration of our land inventory, increase our use of land option agreements, and drive higher margins while maintaining a conservative financial position allow us to operate effectively in most economic conditions. Additionally, our overall financial condition continues to support investing in the business while returning excess capital to shareholders. If demand conditions accelerate, we have the communities and lots available to meet that demand.


21


The following is a summary of our operating results by line of business ($000's omitted, except per share data):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Income before income taxes:
 
 
 
 
 
Homebuilding
$
1,288,804

 
$
865,332

 
$
860,766

Financial Services
58,736

 
73,496

 
73,084

Income before income taxes
1,347,540

 
938,828

 
933,850

Income tax expense
(325,517
)
 
(491,607
)
 
(331,147
)
Net income
$
1,022,023

 
$
447,221

 
$
602,703

Per share data - assuming dilution:
 
 
 
 
 
Net income
$
3.55

 
$
1.44

 
$
1.75


•
Homebuilding income before income taxes improved each year from 2016 to 2018. Revenues increased each year and overhead leverage improved. Homebuilding income before income taxes also reflected the following significant income (expense) items ($000's omitted):
 
 
 
2018
 
2017
 
2016
Land inventory impairments (see Note 2)
Home sale cost of revenues
 
(70,965
)
 
(88,952
)
 
(1,074
)
Warranty claim (see Note 11)
Home sale cost of revenues
 
—

 
(12,389
)
 
—

Net realizable value adjustments ("NRV") - land held for sale (see Note 2)
Land sale cost of revenues
 
(11,489
)
 
(83,576
)
 
(1,105
)
California land sale gains (see Note 3)
Land sale revenues / cost of revenues
 
26,401

 
—

 
—

Insurance reserve adjustments (see Note 11)
Selling, general, and administrative expenses
 
35,873

 
97,789

 
57,132

Write-offs of insurance receivables (see Note 11)
Selling, general, and administrative expenses
 
—

 
(29,624
)
 
—

Restructuring costs from corporate office relocation and other actions
Selling, general, and administrative expenses
 
—

 
—

 
(10,030
)
Other expense, net
 
—

 
—

 
(11,643
)
Write-offs of deposits and pre-acquisition costs (see Note 2)
Other expense, net
 
(16,992
)
 
(11,367
)
 
(17,157
)
Impairments of unconsolidated entities (see Note 2)
Other expense, net
 
—

 
(8,017
)
 
—

Settlement of disputed land transaction (see Note 11)
Other expense, net
 
—

 
—

 
(15,000
)
 
 
 
$
(37,172
)
 
$
(136,136
)
 
$
1,123


For additional information on the above, see the applicable Notes to the Consolidated Financial Statements.

•
The decrease in Financial Services income in 2018 compared with 2017 and 2016 was primarily due to a $16.1 million increase in loan origination liabilities in 2018 (see Note 11) combined with a more competitive pricing environment. Refinance activity has slowed in the mortgage industry, which has increased competition, pressured loan pricing, and resulted in lower capture rate and reduced margins on our loan originations in 2018. These factors offset higher revenues driven primarily by higher volumes in the Homebuilding segment.
•
Our effective tax rate was 24.2%, 52.4%, and 35.5% for 2018, 2017, and 2016, respectively (see Note 8). The effective tax rates for 2018 and 2017 reflect the impact of the Tax Act, which lowered the federal tax rate from 35% to 21% effective in 2018. Due to the Tax Act's enactment in December 2017, income tax expense for 2017 included a charge of $172.1 million related to the remeasurement of our deferred tax balances and other effects.

22



Homebuilding Operations

The following is a summary of income before income taxes for our Homebuilding operations ($000’s omitted):
 
Years Ended December 31,
 
2018
 
FY 2018 vs. FY 2017
 
2017
 
FY 2017 vs. FY 2016
 
2016
Home sale revenues
$
9,818,445

 
18
 %
 
$
8,323,984

 
12
 %
 
$
7,451,315

Land sale and other revenues (a) (c)
164,504

 
167
 %
 
61,542

 
40
 %
 
44,089

Total Homebuilding revenues
9,982,949

 
19
 %
 
8,385,526

 
12
 %
 
7,495,404

Home sale cost of revenues (b)
(7,540,937
)
 
17
 %
 
(6,461,152
)
 
16
 %
 
(5,587,974
)
Land sale cost of revenues (a)
(126,560
)
 
(6
)%
 
(134,449
)
 
319
 %
 
(32,115
)
Selling, general, and administrative expenses ("SG&A") (d)
(1,012,023
)
 
14
 %
 
(891,581
)
 
(7
)%
 
(957,150
)
Other expense, net (e)
(14,625
)
 
(56
)%
 
(33,012
)
 
(42
)%
 
(57,399
)
Income before income taxes
$
1,288,804

 
49
 %
 
$
865,332

 
1
 %
 
$
860,766

Supplemental data:
 
 
 
 


 
 
 


Gross margin from home sales (b)
23.2
%
 
80 bps

 
22.4
%
 
(260) bps

 
25.0
%
SG&A % of home sale revenues (d)
10.3
%
 
(40) bps

 
10.7
%
 
(210) bps

 
12.8
%
Closings (units)
23,107

 
10
 %
 
21,052

 
6
 %
 
19,951

Average selling price
$
425

 
8
 %
 
$
395

 
6
 %
 
$
373

Net new orders (f):
 
 
 
 
 
 
 
 
 
Units
22,833

 
1
 %
 
22,626

 
11
 %
 
20,326

Dollars
$
9,675,529

 
3
 %
 
$
9,361,534

 
21
 %
 
$
7,753,399

Cancellation rate
14
%
 
 
 
14
%
 
 
 
15
%
Active communities at December 31
815

 
3
 %
 
790

 
9
 %
 
726

Backlog at December 31:
 
 
 
 
 
 
 
 
 
Units
8,722

 
(3
)%
 
8,996

 
21
 %
 
7,422

Dollars
$
3,836,147

 
(4
)%
 
$
3,979,064

 
35
 %
 
$
2,941,512


(a)
Includes net gains of $26.4 million related to two land sale transactions in California during the year ended December 31, 2018 (see Note 3).
(b)
Includes the amortization of capitalized interest; land inventory impairments of $71.0 million in 2018, $89.0 million in 2017, and $1.1 million in 2016 (see Note 2); and a warranty charge of $12.4 million related to a closed-out community in 2017 (see Note 11).
(c)
Includes net realizable value adjustments on land held for sale of $11.5 million, $83.6 million, and $1.1 million in 2018, 2017, and 2016, respectively (see Note 2).
(d)
Includes write-offs of $29.6 million of insurance receivables associated with the resolution of certain insurance matters in 2017 (see Note 11); insurance reserve reversals of $35.9 million, $97.8 million and $57.1 million in 2018, 2017, and 2016, respectively (see Note 11); and restructuring costs from corporate office relocation and other actions of $10.0 million in 2016.
(e)
See "Other expense, net" for a table summarizing significant items.
(f)
Net new orders excludes backlog acquired from Wieland in January 2016 (see Note 1). Net new order dollars represent a composite of new order dollars combined with other movements of the dollars in backlog related to cancellations and change orders.


23


Home sale revenues

Home sale revenues for 2018 were higher than 2017 by $1.5 billion, or 18%. The increase was attributable to a 10% increase in closings and an 8% increase in the average selling price. The increase in closings reflects the significant land investments we have made in recent years and the resulting growth in our active communities combined with the favorable buyer demand environment that continued into the spring of 2018. The higher average selling prices occurred across the majority of our markets and reflects shifts in product mix, including a higher mix of move-up homebuyers and an increase in the mix of closings in Northern California, where our average selling prices are significantly higher than the Company average.

Home sale revenues for 2017 were higher than 2016 by $872.7 million, or 12%. The increase was attributable to a 6% increase in closings and a 6% increase in the average selling price. The increase in closings reflects the significant land investments we have made in recent years and the resulting increase in our active communities combined with favorable buyer demand conditions. The increased closings occurred despite the disruption in our operations caused by Hurricane Harvey in Houston, Texas, and Hurricane Irma in Florida, as well as permitting and other municipal approval delays in certain communities. The higher average selling price for 2017 occurred across the majority of our markets and reflected a shift toward move-up homebuyers.

Home sale gross margins

Home sale gross margins were 23.2% in 2018, compared with 22.4% in 2017 and 25.0% in 2016. Our results in 2018 and 2017 include the effect of the aforementioned land inventory impairments totaling $71.0 million and $89.0 million, respectively. Excluding such impairments, gross margins remained strong in both 2018 and 2017 relative to historical levels and reflect a combination of factors, including shifts in community mix and a small increase in the mix of closings in Northern California in 2018 partially offset by the aforementioned warranty charge of $12.4 million in 2017 related to a closed-out community in Florida and slightly higher amortized interest costs (1.8% of home sale revenues in 2018 compared with 1.7% in 2017). Gross margins decreased in 2017 compared with 2016 as the result of the aforementioned land inventory impairments and warranty charge combined with higher house construction and land costs as the supply chain responded to the housing recovery.

Land sales

We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sale revenues and their related gains or losses vary between periods, depending on the timing of land sales and our strategic operating decisions. Land sales contributed net gains (losses) of $37.9 million, $(72.9) million, and $12.0 million in 2018, 2017, and 2016, respectively. The gains in 2018 resulted primarily from two land sale transactions in California that contributed $26.4 million. The losses in 2017 resulted primarily from the aforementioned net realizable value charges of $83.6 million (see Note 2).

SG&A

SG&A as a percentage of home sale revenues was 10.3% and 10.7% in 2018 and 2017, respectively. The gross dollar amount of our SG&A increased $120.4 million, or 14%, in 2018 compared with 2017. The improved overhead leverage reflects volume efficiencies and realized cost efficiencies, as well as the aforementioned insurance reserve reversals of $35.9 million and $97.8 million in 2018 and 2017, respectively, partially offset by write-offs of $29.6 million in 2017 associated with the resolution of certain insurance matters (see Note 11).

SG&A as a percentage of home sale revenues was 10.7% and 12.8% in 2017 and 2016, respectively. The gross dollar amount of our SG&A decreased $65.6 million, or 7%, in 2017 compared with 2016. SG&A includes the aforementioned insurance receivable write-offs of $29.6 million in 2017 and general liability insurance reserve reversals of $97.8 million and $57.1 million in 2017 and 2016, respectively, resulting from favorable claims experience (see Note 11). Excluding these items, the improvement in our year-over-year SG&A leverage was primarily attributable to cost efficiencies realized in late 2016 that continued into 2017.




24


Other expense, net

Other expense, net includes the following ($000’s omitted):
 
2018
 
2017
 
2016
Write-offs of deposits and pre-acquisition costs (Note 2)
$
(16,992
)
 
$
(11,367
)
 
$
(17,157
)
Lease exit and related costs (a)
(240
)
 
(1,729
)
 
(11,643
)
Amortization of intangible assets (Note 1)
(13,800
)
 
(13,800
)
 
(13,800
)
Interest income
7,593


2,537


3,236

Interest expense
(618
)

(503
)

(686
)
Equity in earnings (loss) of unconsolidated entities (Note 4) (b)
2,690

 
(1,985
)
 
8,337

Miscellaneous, net (c)
6,742

 
(6,165
)
 
(25,686
)
Total other expense, net
$
(14,625
)
 
$
(33,012
)
 
$
(57,399
)

(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.
(b)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in 2017 (see Note 2).
(c)
Miscellaneous, net includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).

Net new orders

Net new orders in units increased 1% in 2018 compared with 2017. The increase resulted primarily from the higher number of active communities, which increased 3% to 815 at December 31, 2018. Net new orders in dollars increased by 3% compared with 2017 due to the growth in units combined with the higher average selling price. The cancellation rate (canceled orders for the period divided by gross new orders for the period) remained stable in 2018 at 14%. Ending backlog units, which represent orders for homes that have not yet closed, decreased 3% as measured in units and 4% as measured in dollars at December 31, 2018 compared with December 31, 2017. The higher average sales price when compared to 2017 also contributed to the higher backlog dollars. Our higher number of active communities combined with the overall demand environment resulted in a strong start to the year. However, while customer traffic to our communities increased during 2018, we experienced lower than expected conversions of traffic to signups, especially among first-time and move-up buyers, beginning in May 2018 when mortgage rates increased, which compounded existing housing affordability issues faced by many homebuyers.

Net new orders in units increased 11% in 2017 compared with 2016. The increase resulted primarily from the higher number of active communities, which increased 9% to 790 active communities at December 31, 2017. Net new orders in dollars increased by 21% compared with 2016 due to the growth in units combined with the higher average selling price. The cancellation rate (canceled orders for the period divided by gross new orders for the period) decreased in 2017 from 2016 at 14% and 15%, respectively. Ending backlog units, which represent orders for homes that have not yet closed, increased 21% at December 31, 2017 compared with December 31, 2016 as measured in units and increased 35% over the prior year period as measured in dollars. The higher average sales price when compared to 2016 also contributed to the higher backlog dollars.

Homes in production

The following is a summary of our homes in production at December 31, 2018 and 2017:
 
 
2018
 
2017
Sold
 
6,245

 
6,246

Unsold
 
 
 
 
Under construction
 
2,531

 
1,973

Completed
 
715

 
637

 
 
3,246

 
2,610

Models
 
1,216

 
1,148

Total
 
10,707

 
10,004



25


The number of homes in production at December 31, 2018 was 7% higher compared to December 31, 2017. The increase in homes under production resulted from a 24% increase in the number of unsold, or "spec", homes, which resulted primarily from the strategic decision to allow spec production to run higher than in previous periods to ensure access to construction suppliers and to position communities heading into 2019 ahead of the spring selling season.

Controlled lots

The following is a summary of our lots under control at December 31, 2018 and 2017:
 
 
December 31, 2018
 
December 31, 2017
 
 
Owned
 
Optioned
 
Controlled
 
Owned
 
Optioned
 
Controlled
Northeast
 
5,813

 
3,694

 
9,507

 
5,194

 
5,569

 
10,763

Southeast
 
15,800

 
11,806

 
27,606

 
15,404

 
11,085

 
26,489

Florida
 
18,652

 
15,855

 
34,507

 
18,458

 
11,887

 
30,345

Midwest
 
10,097

 
11,883

 
21,980

 
10,612

 
9,196

 
19,808

Texas
 
14,380

 
11,035

 
25,415

 
13,923

 
8,320

 
22,243

West
 
24,788

 
5,774

 
30,562

 
25,662

 
6,099

 
31,761

Total
 
89,530

 
60,047

 
149,577

 
89,253

 
52,156

 
141,409

 
 
 
 
 
 
 
 
 
 
 
 
 
Developed (%)
 
39
%
 
21
%
 
32
%
 
37
%
 
20
%
 
31
%

Of our controlled lots, 89,530 and 89,253 were owned and 60,047 and 52,156 were under land option agreements at December 31, 2018 and 2017, respectively. While competition for well-positioned land is robust, we continue to pursue strategic land positions that drive appropriate returns on invested capital. The remaining purchase price under our land option agreements totaled $2.6 billion at December 31, 2018. These land option agreements generally may be canceled at our discretion and in certain cases extend over several years. Our maximum exposure related to these land option agreements is generally limited to our deposits and pre-acquisition costs, which totaled $218.6 million, of which $11.2 million is refundable, at December 31, 2018.

Homebuilding Segment Operations

Our homebuilding operations represent our core business. Homebuilding offers a broad product line to meet the needs of homebuyers in our targeted markets. As of December 31, 2018, we conducted our operations in 44 markets located throughout 24 states. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
 
Northeast:
  
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
  
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio
Texas:
 
Texas
West:
  
Arizona, California, Nevada, New Mexico, Washington

We also have a reportable segment for our financial services operations, which consist principally of mortgage banking and title operations. The Financial Services segment operates generally in the same markets as the Homebuilding segments.


26


The following table presents selected financial information for our reportable Homebuilding segments:
 
 
Operating Data by Segment ($000's omitted)
 
Years Ended December 31,
 
2018
 
FY 2018 vs. FY 2017
 
2017
 
FY 2017 vs. FY 2016
 
2016
Home sale revenues:
 
 
 
 
 
 
 
 
 
Northeast
$
795,211

 
15
 %
 
$
693,624

 
—
 %
 
$
696,003

Southeast
1,740,239

 
12
 %
 
1,556,615

 
5
 %
 
1,485,809

Florida
1,911,537

 
30
 %
 
1,469,005

 
15
 %
 
1,274,237

Midwest
1,492,572

 
4
 %
 
1,435,692

 
16
 %
 
1,233,110

Texas
1,296,183

 
11
 %
 
1,166,843

 
13
 %
 
1,033,387

West
2,582,703

 
29
 %
 
2,002,205

 
16
 %
 
1,728,769

 
$
9,818,445

 
18
 %
 
$
8,323,984

 
12
 %
 
$
7,451,315

Income before income taxes (a):
 
 
 
 
 
 
 
 
 
Northeast (b)
$
29,629

 
40
 %
 
$
21,190

 
(74
)%
 
$
81,991

Southeast
202,639

 
65
 %
 
122,532

 
(16
)%
 
145,011

Florida (c)
289,418

 
39
 %
 
208,825

 
2
 %
 
205,049

Midwest
179,568

 
1
 %
 
178,231

 
48
 %
 
120,159

Texas
193,946

 
6
 %
 
182,862

 
20
 %
 
152,355

West (d)
511,828

 
123
 %
 
229,504

 
2
 %
 
225,771

Other homebuilding (e)
(118,224
)
 
(52
)%
 
(77,812
)
 
(12
)%
 
(69,570
)
 
$
1,288,804

 
49
 %
 
$
865,332

 
1
 %
 
$
860,766

Closings (units):
 
 
 
 
 
 
 
 
 
Northeast
1,558

 
17
 %
 
1,335

 
(6
)%
 
1,418

Southeast
4,220

 
9
 %
 
3,888

 
—
 %
 
3,901

Florida
4,771

 
24
 %
 
3,861

 
12
 %
 
3,441

Midwest
3,716

 
1
 %
 
3,696

 
8
 %
 
3,418

Texas
4,212

 
3
 %
 
4,107

 
10
 %
 
3,726

West
4,630

 
11
 %
 
4,165

 
3
 %
 
4,047

 
23,107

 
10
 %
 
$
21,052

 
6
 %
 
19,951

Average selling price:
 
 
 
 
 
 
 
 
 
Northeast
$
510

 
(2
)%
 
$
520

 
6
 %
 
$
491

Southeast
412

 
3
 %
 
400

 
5
 %
 
381

Florida
401

 
6
 %
 
380

 
3
 %
 
370

Midwest
402

 
3
 %
 
388

 
8
 %
 
361

Texas
308

 
8
 %
 
284

 
2
 %
 
277

West
558

 
16
 %
 
481

 
13
 %
 
427

 
$
425

 
8
 %
 
$
395

 
6
 %
 
$
373


(a)
Includes land-related charges as summarized in the following land-related charges table (see Note 2).
(b)
Northeast includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).
(c)
Florida includes a warranty charge of $12.4 million in 2017 related to a closed-out community (see Note 11).
(d)
Includes gains of $26.4 million related to two land sale transactions in California in 2018
(e)
Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also includes: write-off of $29.6 million of insurance receivables associated with the resolution of certain insurance matters in 2017; insurance reserve reversals of $35.9 million, $97.8 million and $57.1 million in 2018, 2017, and 2016, respectively (see Note 11); and costs associated with the relocation of our corporate headquarters totaling $8.3 million in 2016.

27


The following tables present additional selected financial information for our reportable Homebuilding segments:
 
 
 
Operating Data by Segment ($000's omitted)
 
 
Years Ended December 31,
 
 
2018
 
FY 2018 vs. FY 2017
 
2017
 
FY 2017 vs. FY 2016
 
2016
Net new orders - units:
 
 
 
 
 
 
 
 
 
 
Northeast
 
1,516

 
4
 %
 
1,460

 
7
%
 
1,361

Southeast
 
4,114

 
(3
)%
 
4,233

 
11
%
 
3,810

Florida
 
4,982

 
21
 %
 
4,121

 
15
%
 
3,585

Midwest
 
3,631

 
(6
)%
 
3,876

 
7
%
 
3,636

Texas
 
4,278

 
4
 %
 
4,121

 
9
%
 
3,793

West
 
4,312

 
(10
)%
 
4,815

 
16
%
 
4,141

 
 
22,833

 
1
 %
 
22,626

 
11
%
 
20,326

Net new orders - dollars:
 
 
 
 
 
 
 
 
 
 
Northeast
 
$
799,373

 
6
 %
 
$
757,679

 
12
%
 
$
674,066

Southeast
 
1,721,103

 
2
 %
 
1,691,020

 
14
%
 
1,483,139

Florida
 
2,029,999

 
27
 %
 
1,594,367

 
19
%
 
1,340,181

Midwest
 
1,492,453

 
(2
)%
 
1,523,153

 
13
%
 
1,351,828

Texas
 
1,332,598

 
10
 %
 
1,214,149

 
15
%
 
1,060,217

West
 
2,300,003

 
(11
)%
 
2,581,166

 
40
%
 
1,843,968

 
 
$
9,675,529

 
3
 %
 
$
9,361,534

 
21
%
 
$
7,753,399

Cancellation rates:
 
 
 
 
 
 
 
 
 
 
Northeast
 
10
%
 
 
 
12
%
 
 
 
11
%
Southeast
 
12
%
 
 
 
12
%
 
 
 
15
%
Florida
 
13
%
 
 
 
12
%
 
 
 
12
%
Midwest
 
12
%
 
 
 
11
%
 
 
 
12
%
Texas
 
19
%
 
 
 
18
%
 
 
 
18
%
West
 
17
%
 
 
 
16
%
 
 
 
19
%
 
 
14
%
 
 
 
14
%
 
 
 
15
%
Unit backlog:
 
 
 
 
 
 
 
 
 
 
Northeast
 
470

 
(8
)%
 
512

 
32
%
 
387

Southeast
 
1,610

 
(6
)%
 
1,716

 
25
%
 
1,371

Florida
 
1,889

 
13
 %
 
1,678

 
18
%
 
1,418

Midwest
 
1,402

 
(6
)%
 
1,487

 
14
%
 
1,307

Texas
 
1,492

 
5
 %
 
1,426

 
1
%
 
1,412

West
 
1,859

 
(15
)%
 
2,177

 
43
%
 
1,527

 
 
8,722

 
(3
)%
 
8,996

 
21
%
 
7,422

Backlog dollars:
 
 
 
 
 
 
 
 
 
 
Northeast
 
$
257,812

 
2
 %
 
$
253,650

 
34
%
 
$
189,595

Southeast
 
699,030

 
(3
)%
 
718,166

 
23
%
 
583,760

Florida
 
800,051

 
17
 %
 
681,589

 
23
%
 
556,226

Midwest
 
588,420

 
—
 %
 
588,539

 
17
%
 
501,079

Texas
 
486,212

 
8
 %
 
449,797

 
12
%
 
402,491

West
 
1,004,622

 
(22
)%
 
1,287,323

 
82
%
 
708,361

 
 
$
3,836,147

 
(4
)%
 
$
3,979,064

 
35
%
 
$
2,941,512



28


The following table presents additional selected financial information for our reportable Homebuilding segments:
 
 
Operating Data by Segment ($000's omitted)
 
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
Land-related charges*:
 
 
 
 
 
 
Northeast
 
$
74,488

 
$
51,362

 
$
2,079

Southeast
 
8,140

 
55,689

 
3,089

Florida
 
1,166

 
9,702

 
715

Midwest
 
7,361

 
8,917

 
3,383

Texas
 
1,204

 
2,521

 
515

West
 
5,159

 
56,995

 
8,960

Other homebuilding
 
1,928

 
6,726

 
595

 
 
$
99,446

 
$
191,912

 
$
19,336


*
Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs. Other homebuilding consists primarily of write-offs of capitalized interest resulting from land-related charges. See Notes 2 and 3 to the Consolidated Financial Statements for additional discussion of these charges.

Northeast:

The length and complexity of the entitlement process in the Northeast had led to a lack of growth in volumes in recent years, which changed in 2018 with progress in a number of communities. For 2018, Northeast home sale revenues increased 15% compared with 2017 due to a 17% increase in closings, partially offset by a 2% decrease in average selling price. The higher revenues occurred across the majority of markets, which was partially offset by our exit of the St. Louis market in 2018. The increased income before income taxes resulted from the higher revenues, partially offset by higher land-related charges and increased overhead expense. Net new orders increased slightly.

For 2017, Northeast home sale revenues remained flat compared with 2016 due to a 6% decrease in closings offset by a 6% increase in average selling price. The decrease in closings occurred in the New England and Mid-Atlantic markets, while the increase in average selling price occurred across all markets. The New England closings decrease was driven primarily by closings delayed as the result of a fire in an attached product building that was under construction. The decreased income before income taxes resulted from lower margins and increased SG&A expense across all markets, combined with the aforementioned land-related charges recognized in the period (see Note 2). Net new orders increased across all markets.

Southeast:

For 2018, Southeast home sale revenues increased 12% compared with 2017 due to a 3% increase in the average selling price combined with a 9% increase in closings. The increase in the average selling price occurred across all markets except Georgia, while closings increased in Raleigh, Charlotte and Coastal Carolinas. Income before income taxes increased primarily as a result of higher revenues and reduced land-related charges in 2018. Net new orders decreased 3%, attributable to a majority of markets.

For 2017, Southeast home sale revenues increased 5% compared with 2016 due to a 5% increase in the average selling price. The increases in the average selling price occurred across all markets except Georgia, while closings decreased in Raleigh, Charlotte and Coastal Carolinas, offset by increases in Georgia and Tennessee. Income before income taxes decreased 16% primarily due to the aforementioned land-related charges, partially offset by lower SG&A expense. Net new orders increased 11%, primarily in Georgia and Raleigh.


29


Florida:

For 2018, Florida home sale revenues increased 30% compared with 2017 due to a 6% increase in the average selling price combined with a 24% increase in closings. The increased income before income taxes for 2018 resulted primarily from higher revenues combined with the aforementioned $12.4 million warranty charge in 2017 related to a closed-out community. Net new orders increased 21% in 2018.

For 2017, Florida home sale revenues increased 15% compared with 2016 due to a 3% increase in the average selling price combined with a 12% increase in closings. The increased income before income taxes for 2017 resulted primarily from higher revenues, partially offset by the aforementioned $12.4 million warranty charge in 2017 related to a closed-out community. Net new orders increased by 15% in 2017. Both closings and new orders increased despite the disruption in our operations caused by Hurricane Irma.

Midwest:

For 2018, Midwest home sale revenues increased 4% compared with the prior year period due to an 1% increase in closings combined with an 3% increase in the average selling price. The higher revenues occurred across the majority markets, partially offset by our decision to exit the St. Louis market in 2017, which we completed in 2018. Income before income taxes remained consistent with the prior year due to the increased revenues, partially offset by lower margins and higher SG&A expense. Net new orders decreased across substantially all markets.

For 2017, Midwest home sale revenues increased 16% compared with the prior year period due to a 8% increase in closings combined with a 8% increase in the average selling price. The higher revenues and increased closings occurred across all markets. The increased closing volume combined with lower SG&A expense led to a 48% increase in income before income taxes. Net new orders increased across all markets except for St. Louis, where we announced our decision to exit the market.

Texas:

For 2018, Texas home sale revenues increased 11% compared with the prior year period due to a 3% increase in closings combined with an 8% increase in the average selling price. The increase in average selling price occurred across all markets, while the increase in closings occurred across all markets except for Dallas and San Antonio. The higher revenues and higher closings led to increased income before income taxes. Net new orders increased 4% across all markets except for Houston which remained flat compared with 2017.

For 2017, Texas home sale revenues increased 13% compared with the prior year period due to a 10% increase in closings combined with an 2% increase in the average selling price. The increase in average selling price occurred primarily in Central Texas and San Antonio, while the increase in closings occurred across all markets except for San Antonio. The higher revenues and higher closings led to increased income before income taxes. Net new orders increased 9% across all markets except for San Antonio. Both closings and new orders increased despite the disruption in our Houston operations caused by Hurricane Harvey.

West:

For 2018, West home sale revenues increased 29% compared with the prior year period due to an 11% increase in closings combined with a 16% increase in the average selling price. The increased revenues occurred across substantially all markets but were driven primarily by Northern California. The increased revenues contributed to increased income before income taxes in all markets except New Mexico, with the majority coming from Northern California. Income before income taxes also benefited from two land sale transactions that resulted in gains totaling $26.4 million as well as the lower land-related charges. Net new orders decreased by 10% in 2018 compared with 2017, which was primarily concentrated in Northern California.

For 2017, West home sale revenues increased 16% compared with the prior year period due to a 3% increase in closings combined with a 13% increase in the average selling price. The increased closings primarily occurred in Southern California, offset by a decrease in Northern California due to permitting and other municipal approval delays in certain communities. The increased average selling price occurred across all markets. Income before income taxes slightly increased due to the increased revenues and reduced overheads, partially offset by the aforementioned land-related charges recognized during the period (see Note 2). Net new orders increased by 16% in 2017 compared with 2016 due to higher order levels across all markets.


30


Financial Services Operations

We conduct our Financial Services operations, which include mortgage banking, title, and insurance brokerage operations, through Pulte Mortgage and other subsidiaries. In originating mortgage loans, we initially use our own funds, including funds available pursuant to credit agreements with third parties. Substantially all of the loans we originate are sold in the secondary market within a short period of time after origination, generally within 30 days. We also sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the loans and related servicing rights for only a short period of time. Operating as a captive business model primarily targeted to supporting our Homebuilding operations, the business levels of our Financial Services operations are highly correlated to Homebuilding. Our Homebuilding customers continue to account for substantially all loan production. We believe that our capture rate, which represents loan originations from our Homebuilding operations as a percentage of total loan opportunities from our Homebuilding operations, excluding cash closings, is an important metric in evaluating the effectiveness of our captive mortgage business model. The following table presents selected financial information for our Financial Services operations ($000’s omitted):
 
 
Years Ended December 31,
 
2018
 
FY 2018 vs. FY 2017
 
2017
 
FY 2017 vs. FY 2016
 
2016
Mortgage operations revenues
$
149,642

 
2
 %
 
$
146,358

 
3
%
 
$
142,262

Title and insurance brokerage revenues
55,740

 
22
 %
 
45,802

 
18
%
 
38,864

Total Financial Services revenues
205,382

 
7
 %
 
192,160

 
6
%
 
181,126

Expenses
(147,422
)
 
24
 %
 
(119,289
)
 
10
%
 
(108,573
)
Other income, net
776

 
24
 %
 
625

 
18
%
 
531

Income before income taxes
$
58,736

 
(20
)%
 
$
73,496

 
1
%
 
$
73,084

Total originations:
 
 
 
 
 
 
 
 
 
Loans
14,464

 
2
 %
 
14,152

 
6
%
 
13,373

Principal
$
4,456,360

 
8
 %
 
$
4,127,084

 
11
%
 
$
3,706,745



 
Years Ended December 31,
 
2018
 
2017
 
2016
Supplemental data:
 
 
 
 
 
Capture rate
76.2
%
 
79.9
%
 
81.2
%
Average FICO score
752

 
749

 
750

Loan application backlog
$
2,012,340

 
$
2,263,803

 
$
1,670,160

Funded origination breakdown:
 
 
 
 
 
Government (FHA, VA, USDA)
20
%
 
22
%
 
23
%
Other agency
68
%
 
70
%
 
70
%
Total agency
88
%
 
92
%
 
93
%
Non-agency
12
%
 
8
%
 
7
%
Total funded originations
100
%
 
100
%
 
100
%
Revenues

Total Financial Services revenues during 2018 increased 7% compared with 2017. The increase is primarily due to higher loan origination, title, and insurance brokerage volume resulting from higher volumes in the Homebuilding segment. A higher average loan size, driven primarily by higher average selling prices in the Homebuilding segment, also contributed to the higher revenues. These factors were partially offset by the lower capture rate resulting from a more competitive market environment. Total Financial Services revenues during 2017 increased 6% compared with 2016 due to higher mortgage and title volumes resulting from increased home closings in the Homebuilding segment, partially offset by lower mortgage revenue per loan, which were largely attributable to increased competition and pressured loan pricing.


31


Income before income taxes

The decrease in income before income taxes for 2018 as compared with 2017 was primarily due to a $16.1 million increase in loan origination liabilities in 2018 (see Note 11) combined with a more competitive pricing environment. Refinance activity has slowed in the mortgage industry, which has increased competition, pressured loan pricing, and resulted in lower margins on our loan originations in 2018. These factors offset higher revenues driven primarily by higher volumes in the Homebuilding segment. The increased income before income taxes for 2017 as compared with 2016 resulted from higher origination volume and an increase in the revenue per loan combined with better overhead leverage and contributions from our title operations.

Income Taxes

Our effective tax rate was 24.2%, 52.4% and 35.5% for 2018, 2017, and 2016, respectively. The effective tax rates for 2018 and 2017 reflect the impact of the Tax Act, which lowered the federal tax rate from 35% to 21% effective in 2018. Due to the Tax Act's enactment in December 2017, income tax expense for 2017 included a charge of $172.1 million related to the remeasurement of our deferred tax balances and other effects. The effective tax rate for 2016 included a net benefit related to the reversal of a portion of our valuation allowance related to a legal entity restructuring along with the resolution of certain state income tax and other matters.

Liquidity and Capital Resources

We finance our land acquisition, development, and construction activities and financial services operations using internally-generated funds supplemented by credit arrangements with third parties and capital market financing. We routinely monitor current and expected operational requirements and financial market conditions to evaluate accessing other available financing sources, including revolving bank credit and securities offerings.

At December 31, 2018, we had unrestricted cash and equivalents of $1.1 billion, restricted cash balances of $23.6 million, and $760.6 million available under our revolving credit facility. We follow a diversified investment approach for our cash and equivalents by maintaining such funds with a broad portfolio of banks within our group of relationship banks in high quality, highly liquid, short-term deposits and investments.

We retired outstanding debt totaling $82.8 million, $134.7 million, and $986.9 million during 2018, 2017, and 2016, respectively. Our ratio of debt-to-total capitalization, excluding our Financial Services debt, was 38.6%, which is within our targeted range of 30.0% to 40.0%, at December 31, 2018.

Unsecured senior notes

In February 2016, we issued $1.0 billion of unsecured senior notes, consisting of $300.0 million of 4.25% senior notes due March 1, 2021, and $700.0 million of 5.50% senior notes due March 1, 2026. The net proceeds from this senior notes issuance were used to fund the retirement of $465.2 million of our senior notes that matured in May 2016, with the remaining net proceeds used for general corporate purposes. In July 2016, we issued an additional $1.0 billion of unsecured senior notes, consisting of $400.0 million of 4.25% senior notes due March 1, 2021, and $600.0 million of 5% senior notes due January 15, 2027. The net proceeds from the July senior notes issuance were used for general corporate purposes and to pay down approximately $500.0 million of outstanding debt, including the remainder of a then existing term loan facility. At December 31, 2018, we had $3.0 billion of unsecured senior notes outstanding with no repayments due until March 2021 when $700.0 million of notes are scheduled to mature.

Revolving credit facility

In June 2018, we entered into the Second Amended and Restated Credit Agreement ("Revolving Credit Facility") which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to June 2023. The Revolving Credit Facility has a maximum borrowing capacity of $1.0 billion and contains an uncommitted accordion feature that could increase the capacity to $1.5 billion, subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of $500.0 million at December 31, 2018. The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined

32


therein. We had no borrowings outstanding and $239.4 million and $235.5 million of letters of credit issued under the Revolving Credit Facility at December 31, 2018 and 2017, respectively.

The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving Credit Facility). As of December 31, 2018, we were in compliance with all covenants. Outstanding balances under the Revolving Credit Facility are guaranteed by certain of our wholly-owned subsidiaries. Our available and unused borrowings under the Revolving Credit Facility, net of outstanding letters of credit, amounted to $760.6 million and $764.5 million as of December 31, 2018 and 2017, respectively.

Other notes payable

Certain of our local homebuilding operations are party to non-recourse and limited recourse collateralized notes payable with third parties that totaled $41.3 million at December 31, 2018. These notes have maturities ranging up to three years, are secured by the applicable land positions to which they relate, have no recourse to any other assets, and are classified within notes payable.

Pulte Mortgage

Pulte Mortgage provides mortgage financing for the majority of our home closings by utilizing its own funds and funds made available pursuant to credit agreements with third parties. Pulte Mortgage uses these resources to finance its lending activities until the loans are sold in the secondary market, which generally occurs within 30 days.

Pulte Mortgage maintains a master repurchase agreement with third party lenders. In August 2018, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the termination date to August 2019. The maximum aggregate commitment was $520.0 million during the seasonally high borrowing period from December 26, 2018 through January 14, 2019. At all other times, the maximum aggregate commitment ranges from $240.0 million to $400.0 million. The purpose of the changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had $348.4 million and $437.8 million outstanding under the Repurchase Agreement at December 31, 2018, and 2017, respectively, and was in compliance with its covenants and requirements as of such dates.

Share repurchase program

In 2013, our Board of Directors authorized and announced a share repurchase program, which was subsequently increased by $1.0 billion in July 2016 and by $500.0 million in January 2018. We repurchased 10.9 million, 35.4 million, and 30.9 million shares in 2018, 2017, and 2016, respectively, for a total of $294.6 million, $910.3 million, and $600.0 million in 2018, 2017, and 2016, respectively, under this program. At December 31, 2018, we had remaining authorization to repurchase $299.9 million of common shares.

Dividends

Our declared quarterly cash dividends totaled $108.5 million, $110.0 million, and $122.2 million in 2018, 2017, and 2016, respectively.

Cash flows

Operating activities

Our net cash provided by operating activities in 2018 was $1.4 billion, compared with net cash provided by operating activities of $663.1 million and $68.3 million in 2017 and 2016, respectively. Generally, the primary drivers of our cash flow from operations are profitability and changes in inventory levels and residential mortgage loans available-for-sale. Our positive cash flow from operations for 2018 was primarily due to our net income of $1.0 billion, which included non-cash land-related charges of $99.4 million and $362.8 million of deferred income tax expense, supplemented by a $107.3 million reduction in residential mortgage loans available-for-sale. These factors were partially offset by a net increase in inventories of $50.4 million resulting from higher levels of spec inventory.

33



Our positive cash flow from operations for 2017 was primarily due to our net income of $447.2 million, which included $191.9 million in non-cash land-related charges and deferred tax expense of $422.3 million. These were partially offset by a net increase in inventories of $569.0 million resulting from ongoing land acquisition and development investment to support future growth combined with additional house inventory to support the higher backlog.

Our negative cash flow from operations for 2016 was primarily due to a net increase in inventories of $897.1 million resulting from increased land investment, combined with a net increase in residential mortgage loans available-for-sale of $99.5 million.

Investing activities

Net cash used in investing activities totaled $41.9 million in 2018, compared with $50.2 million in 2017 and $471.2 million in 2016. The use of cash from investing activities in 2018 was primarily due to $59.0 million of capital expenditures, which increased from 2017 as the result of new community openings combined with increased expenditures on information technology solutions. The use of cash from investing activities in 2017 was primarily due to $32.1 million of capital expenditures and $23.0 million for investments in unconsolidated subsidiaries. The use of cash from investing activities in 2016 was primarily due to the acquisition of certain real estate assets from Wieland (see Note 1).

Financing activities

Net cash used in financing activities was $580.3 million in 2018, compared with $1.0 billion during 2017 and net cash provided by financing activities of $350.7 million in 2016. The net cash used in financing activities for 2018 resulted primarily from the repurchase of 10.9 million common shares for $294.6 million under our repurchase authorization, repayments of debt of $82.8 million, cash dividends of $104.0 million, and net repayments of $89.4 million under the Repurchase Agreement related to the aforementioned decrease in residential mortgage loans available-for-sale.

Net cash used in financing activities for 2017 resulted primarily from the repurchase of 35.4 million common shares for $910.3 million under our repurchase authorization, repayments of debt of $134.7 million, and cash dividends of $112.7 million, partially offset by net borrowings of $106.2 million under the Repurchase Agreement related to a seasonal increase in residential mortgage loans available-for-sale. Cash provided by financing activities for 2016 resulted primarily from the proceeds of the unsecured senior notes issuance for $2.0 billion, offset by the repayment of $986.9 million of debt and the repurchase of 30.9 million common shares for $600.0 million under our repurchase authorization and cash dividends of $124.7 million.

Inflation

We, and the homebuilding industry in general, may be adversely affected during periods of inflation because of higher land and construction costs. Inflation may also increase our financing costs. In addition, higher mortgage interest rates affect the affordability of our products to prospective homebuyers. While we attempt to pass on to our customers increases in our costs through increased sales prices, market forces may limit our ability to do so. If we are unable to raise sales prices enough to compensate for higher costs, or if mortgage interest rates increase significantly, our revenues, gross margins, and net income could be adversely affected.

Seasonality

Although significant changes in market conditions have impacted our seasonal patterns in the past and could do so again, we historically experience variability in our quarterly results from operations due to the seasonal nature of the homebuilding industry. We generally experience increases in revenues and cash flow from operations during the fourth quarter based on the timing of home closings. This seasonal activity increases our working capital requirements in our third and fourth quarters to support our home production and loan origination volumes. As a result of the seasonality of our operations, our quarterly results of operations are not necessarily indicative of the results that may be expected for the full year.


34


Contractual Obligations and Commercial Commitments

The following table summarizes our payments under contractual obligations as of December 31, 2018:
 
 
Payments Due by Period
($000’s omitted)
 
Total
 
2019
 
2020-2021
 
2022-2023
 
After 2023
Contractual obligations:
 
 
 
 
 
 
 
 
 
Notes payable (a)
$
4,582,517

 
$
191,379

 
$
1,034,534

 
$
271,250

 
$
3,085,354

Operating lease obligations
113,496

 
24,806

 
35,553

 
27,269

 
25,868

Total contractual obligations (b)
$
4,696,013

 
$
216,185

 
$
1,070,087

 
$
298,519

 
$
3,111,222


(a)
Represents principal and interest payments related to our senior notes and limited recourse collateralized financing arrangements.
(b)
We do not have any payments due in connection with capital lease or long-term purchase obligations.

We are subject to certain obligations associated with entering into contracts (including land option contracts) for the purchase, development, and sale of real estate in the routine conduct of our business. Option contracts for the purchase of land enable us to defer acquiring portions of properties owned by third parties and unconsolidated entities until we have determined whether to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. At December 31, 2018, we had $218.6 million of deposits and pre-acquisition costs, of which $11.2 million is refundable, relating to option agreements to acquire 60,047 lots with a remaining purchase price of $2.6 billion. We expect to acquire the majority of such land within the next three years.

We are currently under examination by various taxing jurisdictions and anticipate finalizing the examinations with certain jurisdictions within the next twelve months. The final outcome of these examinations is not yet determinable. The statute of limitations for our major tax jurisdictions remains open for examination for tax years January 1, 2005 - January 1, 2018. At December 31, 2018, we had $30.6 million of gross unrecognized tax benefits and $5.8 million of related accrued interest and penalties.

The following table summarizes our other commercial commitments as of December 31, 2018:
 
Amount of Commitment Expiration by Period
($000’s omitted)
 
Total
 
2019
 
2020-2021
 
2022-2023
 
After 2023
Other commercial commitments:
 
 
 
 
 
 
 
 
 
Guarantor credit facilities (a)
$
1,000,000

 
$
—

 
$
—

 
$
1,000,000

 
$
—

Non-guarantor credit facilities (b)
520,000

 
520,000

 
—

 
—

 
—

Total commercial commitments (c)
$
1,520,000

 
$
520,000

 
$
—

 
$
1,000,000

 
$
—


(a)
The $1.0 billion in 2022-2023 represents the capacity of our unsecured revolving credit facility, under which no borrowings were outstanding, and $239.4 million of letters of credit were issued at December 31, 2018.
(b)
Represents the capacity of the Repurchase Agreement, of which $348.4 million was outstanding at December 31, 2018. The capacity of $520.0 million was effective through January 14, 2019 after which it ranges from $240.0 million to $400.0 million until its expiration in August 2019.
(c)
The above table excludes an aggregate $1.3 billion of surety bonds, which typically do not have stated expiration dates.

Off-Balance Sheet Arrangements

We use letters of credit and surety bonds to guarantee our performance under various contracts, principally in connection with the development of our homebuilding projects. The expiration dates of the letter of credit contracts coincide with the expected completion date of the related homebuilding projects. If the obligations related to a project are ongoing, annual extensions of the letters of credit are typically granted on a year-to-year basis. At December 31, 2018, we had outstanding letters of credit of $239.4 million. Our surety bonds generally do not have stated expiration dates; rather, we are released from

35


the bonds as the contractual performance is completed. These bonds, which approximated $1.3 billion at December 31, 2018, are typically outstanding over a period of approximately three to five years. Because significant construction and development work has been performed related to the applicable projects but has not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.

In the ordinary course of business, we enter into land option agreements in order to procure land for the construction of houses in the future. At December 31, 2018, these agreements had an aggregate remaining purchase price of $2.6 billion. Pursuant to these land option agreements, we provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices.

At December 31, 2018, aggregate outstanding debt of unconsolidated joint ventures was $42.9 million, of which $42.1 million was related to one joint venture in which we have a 50% interest. In connection with this loan, we and our joint venture partner provided customary limited recourse guaranties in which our maximum financial loss exposure is limited to our pro rata share of the debt outstanding. See Note 4 to the Consolidated Financial Statements for additional information.

36


Critical Accounting Policies and Estimates

The accompanying consolidated financial statements were prepared in conformity with U.S. generally accepted accounting principles. When more than one accounting principle, or the method of its application, is generally accepted, we select the principle or method that is appropriate in our specific circumstances (see Note 1 to our Consolidated Financial Statements). Application of these accounting principles requires us to make estimates about the future resolution of existing uncertainties; as a result, actual results could differ from these estimates. In preparing these consolidated financial statements, we have made our best estimates and judgments of the amounts and disclosures included in the consolidated financial statements, giving due regard to materiality.

Revenue recognition

Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Little to no estimation is involved in recognizing such revenues.

Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. Certain land sale contracts may contain unique terms that require management judgment in determining the appropriate revenue recognition, but the impact of such transactions is generally immaterial.
    
Financial services revenues - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. The determination of fair value for certain of these financial instruments requires the use of estimates and management judgment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance, or a contracted set fee in the case of certain sub-servicing arrangements, and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.

Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on home and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are considered satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $30.8 million at December 31, 2018. Due to uncertainties in the estimation process and the long duration of renewal policies, which can extend years into the future, actual results could differ from such estimates.

Inventory and cost of revenues

Inventory is stated at cost unless the carrying value is determined to not be recoverable, in which case the affected inventory is written down to fair value. Cost includes land acquisition, land development, and home construction costs, including interest, real estate taxes, and certain direct and indirect overhead costs related to development and construction. For those communities for which construction and development activities have been idled, applicable interest and real estate taxes are expensed as incurred. Land acquisition and development costs are allocated to individual lots using an average lot cost determined based on the total expected land acquisition and development costs and the total expected home closings for the community. The specific identification method is used to accumulate home construction costs.

We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.

Cost of revenues includes the construction cost, average lot cost, estimated warranty costs, and closing costs applicable to the home. Sales commissions are classified within selling, general, and administrative expenses. The construction cost of the home includes amounts paid through the closing date of the home, plus an accrual for costs incurred but not yet paid, based on an analysis of budgeted construction costs. This accrual is reviewed for accuracy based on actual payments made after closing compared with the amount accrued, and adjustments are made if needed. Total community land acquisition and development

37


costs are based on an analysis of budgeted costs compared with actual costs incurred to date and estimates to complete. The development cycles for our communities range from under one year to in excess of ten years for certain master planned communities. Adjustments to estimated total land acquisition and development costs for the community affect the amounts costed for the community’s remaining lots.

We test inventory for impairment when events and circumstances indicate that the undiscounted cash flows estimated to be generated by the community may be less than its carrying amount. Such indicators include gross margins or sales paces significantly below expectations, construction costs or land development costs significantly in excess of budgeted amounts, significant delays or changes in the planned development for the community, and other known qualitative factors. Communities that demonstrate potential impairment indicators are tested for impairment by comparing the expected undiscounted cash flows for the community to its carrying value. For those communities whose carrying values exceed the expected undiscounted cash flows, we determine the fair value of the community and impairment charges are recorded if the fair value of the community’s inventory is less than its carrying value.

We generally determine the fair value of each community using a combination of discounted cash flow models and market comparable transactions, where available. These estimated cash flows are significantly impacted by estimates related to expected average selling prices and sale incentives, expected sales paces, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. The assumptions used in the discounted cash flow models are specific to each community. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of many communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates.

Residential mortgage loans available-for-sale

In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option for our residential mortgage loans available-for-sale. Election of the fair value option for residential mortgage loans available-for-sale allows a better offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without having to apply complex hedge accounting provisions. Changes in the fair value of these loans are reflected in revenues as they occur.

Loan origination liabilities

Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. If a loan is determined to be faulty, we either indemnify the investor for potential future losses, repurchase the loan from the investor, or reimburse the investor's actual losses. Estimating the required liability for these potential losses requires a significant level of management judgment. Given the unsettled litigation, changes in values of underlying collateral over time, and other uncertainties regarding the ultimate resolution of these claims, actual costs could differ from our current estimates.

Allowance for warranties

Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to (and in limited instances exceeding) 10 years. We estimate the costs to be incurred under these warranties and record a liability in the amount of such costs at the time revenue is recognized. Factors that affect our warranty liability include the number of homes sold, historical and anticipated rates of warranty claims, and the projected cost of claims. We periodically assess the adequacy of our recorded warranty liability for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from our estimates.

Income taxes

We evaluate our deferred tax assets each period to determine if a valuation allowance is required based on whether it is "more likely than not" that some portion of the deferred tax assets would not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of sufficient taxable income during future periods.  We conduct our evaluation by considering all available positive and negative evidence. This evaluation considers, among other factors, historical operating results, forecasts of future profitability, the duration of statutory carryforward periods, and the outlooks for

38


the U.S. housing industry and broader economy. The accounting for deferred taxes is based upon estimates of future results. Differences between estimated and actual results could result in changes in the valuation of our deferred tax assets that could have a material impact on our consolidated results of operations or financial position. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time.
Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We follow the provisions of ASC 740, “Income Taxes” (“ASC 740”), which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements.  Significant judgment is required to evaluate uncertain tax positions. Our evaluations of tax positions consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlements of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in income tax expense (benefit) in the period in which the change is made. Interest and penalties related to income taxes and unrecognized tax benefits are recognized as a component of income tax expense (benefit).

Self-insured risks

At any point in time, we are managing over 1,000 individual claims related to general liability, property, errors and omission, workers compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time product revenue is recognized for each home closing and periodically evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.

Our recorded reserves for all such claims totaled $737.0 million and $758.8 million at December 31, 2018 and 2017, respectively, the vast majority of which relate to general liability claims. The recorded reserves include loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately 65% of the total general liability reserves at December 31, 2018 and 2017. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses. Because of the inherent uncertainty in estimating future losses related to these claims, actual costs could differ significantly from estimated costs. Based on the actuarial analyses performed, we believe the range of reasonably possible losses related to these claims is $625 million to $850 million. While this range represents our best estimate of our ultimate liability related to these claims, due to a variety of factors, including those factors described above, there can be no assurance that the ultimate costs realized by us will fall within this range.

Housing market conditions have been volatile across most of our markets over the past ten years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs.

Adjustments to reserves are recorded in the period in which the change in estimate occurs. During 2018, 2017, and 2016, we reduced general liability reserves by $35.9 million, $97.8 million, and $57.1 million, respectively, as a result of changes in estimates resulting from actual claim experience observed being less than anticipated in previous actuarial projections. The changes in actuarial estimates were driven by changes in actual claims experience that, in turn, impacted actuarial estimates for potential future claims. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities.

In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. Our receivables from insurance carriers totaled $153.0 million and $213.4 million at December 31, 2018 and 2017, respectively. The

39


insurance receivables relate to costs incurred or to be incurred to perform corrective repairs, settle claims with customers, and other costs related to the continued progression of both known and anticipated future construction defect claims that we believe to be insured related to previously closed homes. We believe collection of these insurance receivables is probable based on various factors, including, the legal merits of our positions after review by legal counsel, favorable legal rulings received to date, the credit quality of our carriers, and our long history of collecting significant amounts of insurance reimbursements under similar insurance policies related to similar claims, including significant amounts funded by the above carriers under different policies.

While the outcome of these matters cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows.

ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are subject to market risk on our debt instruments primarily due to fluctuations in interest rates. We utilize both fixed-rate and variable-rate debt. For fixed-rate debt, changes in interest rates generally affect the fair value of the debt instrument but not our earnings or cash flows. Conversely, for variable-rate debt, changes in interest rates generally do not affect the fair value of the debt instrument but could affect our earnings and cash flows. Except in very limited circumstances, we do not have an obligation to prepay our debt prior to maturity. As a result, interest rate risk and changes in fair value should not have a significant impact on our fixed-rate debt until we are required or elect to refinance or repurchase such debt.

The following tables set forth the principal cash flows by scheduled maturity, weighted-average interest rates, and estimated fair value of our debt obligations as of December 31, 2018 and 2017 ($000’s omitted).
 
As of December 31, 2018 for the
Years ending December 31,
 
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
 
Fair
Value
Rate-sensitive liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed rate debt
$
24,088

 
$
9,968

 
$
706,720

 
$
—

 
$
—

 
$
2,300,000

 
$
3,040,776

 
$
2,898,606

Average interest rate
5.31
%
 
3.81
%
 
4.28
%
 
—
%
 
—
%
 
5.90
%
 
5.51
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Variable rate debt (a)
$
348,949

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
348,949

 
$
348,948

Average interest rate
4.41
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
4.41
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017 for the
Years ending December 31,
 
2018
 
2019
 
2020
 
2021
 
2022
 
Thereafter
 
Total
 
Fair
Value
Rate-sensitive liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed rate debt
$
508

 
$
8,423

 
$
9,539

 
$
700,000

 
$
—

 
$
2,300,000

 
$
3,018,470

 
$
3,262,221

Average interest rate
3.00
%
 
4.07
%
 
3.98
%
 
4.25
%
 
—
%
 
5.90
%
 
5.50
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Variable rate debt (a)
$
438,657

 
$
701

 
$
—

 
$
—

 
$
—

 
$
—

 
$
439,358

 
$
439,358

Average interest rate
3.72
%
 
7.30
%
 
—
%
 
—
%
 
—
%
 
—
%
 
3.70
%
 
 

(a) Includes the Pulte Mortgage Repurchase Agreement. There were no amounts outstanding under our Revolving Credit Facility at either December 31, 2018 or 2017.

Derivative instruments and hedging activities

Pulte Mortgage is exposed to market risks from commitments to lend, movements in interest rates, and canceled or modified commitments to lend. A commitment to lend at a specific interest rate (an interest rate lock commitment) is a derivative financial instrument (interest rate is locked to the borrower). The interest rate risk continues through the loan closing and until the loan is sold to an investor. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days. In periods of rising interest rates, the length of exposure will generally increase due to customers locking in an interest rate sooner as opposed to letting the interest rate float. In periods of low or decreasing interest rates, the length of exposure will also generally increase as customers desire to lock before the possibility of rising rates.


40


In order to reduce these risks, we use other derivative financial instruments, principally cash forward placement contracts on mortgage-backed securities and whole loan investor commitments, to economically hedge the interest rate lock commitment. We generally enter into one of the aforementioned derivative financial instruments upon accepting interest rate lock commitments. Changes in the fair value of interest rate lock commitments and the other derivative financial instruments are recognized in Financial Services revenues. We do not use any derivative financial instruments for trading purposes.

At December 31, 2018 and 2017, residential mortgage loans available-for-sale had an aggregate fair value of $461.4 million and $570.6 million, respectively. At December 31, 2018 and 2017, we had aggregate interest rate lock commitments of $285.0 million and $210.9 million, respectively, which were originated at interest rates prevailing at the date of commitment. Unexpired forward contracts totaled $511.0 million and $522.0 million at December 31, 2018 and 2017, respectively, and whole loan investor commitments totaled $187.8 million and $203.1 million, respectively, at such dates. Hypothetical changes in the fair values of our financial instruments arising from immediate parallel shifts in long-term mortgage rates would not be material to our financial results due to the offsetting nature in the movements in fair value of our financial instruments.

SPECIAL NOTES CONCERNING FORWARD-LOOKING STATEMENTS

As a cautionary note, except for the historical information contained herein, certain matters discussed in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, and Item 7A, Quantitative and Qualitative Disclosures About Market Risk, are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,” “might,” "should", “will” and similar expressions identify forward-looking statements, including statements related to the impairment charge with respect to certain land parcels and the impacts or effects thereof, expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.

Such risks, uncertainties and other factors include, among other things: interest rate changes and the availability of mortgage financing; competition within the industries in which we operate; the availability and cost of land and other raw materials used by us in our homebuilding operations; the impact of any changes to our strategy in responding to the cyclical nature of the industry, including any changes regarding our land positions and the levels of our land spend; the availability and cost of insurance covering risks associated with our businesses; shortages and the cost of labor; weather related slowdowns; slow growth initiatives and/or local building moratoria; governmental regulation directed at or affecting the housing market, the homebuilding industry or construction activities; uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans; the interpretation of or changes to tax, labor and environmental laws, including, but not limited to the Tax Cuts and Jobs Act which could have a greater impact on our effective tax rate or the value of our deferred tax assets than we anticipate; economic changes nationally or in our local markets, including inflation, deflation, changes in consumer confidence and preferences and the state of the market for homes in general; legal or regulatory proceedings or claims; our ability to generate sufficient cash flow in order to successfully implement our capital allocation priorities; required accounting changes; terrorist acts and other acts of war; and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature. See Item 1A – Risk Factors for a further discussion of these and other risks and uncertainties applicable to our businesses. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations.

41


ITEM 8.  
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

PULTEGROUP, INC.
CONSOLIDATED BALANCE SHEETS
December 31, 2018 and 2017
($000’s omitted, except per share data)
 

 
2018
 
2017
ASSETS
 
 
 
Cash and equivalents
$
1,110,088

 
$
272,683

Restricted cash
23,612

 
33,485

Total cash, cash equivalents, and restricted cash
1,133,700

 
306,168

House and land inventory
7,253,353

 
7,147,130

Land held for sale
36,849

 
68,384

Residential mortgage loans available-for-sale
461,354

 
570,600

Investments in unconsolidated entities
54,590

 
62,957

Other assets
830,359

 
745,123

Intangible assets
127,192

 
140,992

Deferred tax assets, net
275,579

 
645,295

 
$
10,172,976

 
$
9,686,649

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Liabilities:
 
 
 
Accounts payable, including book overdrafts of $54,381 and $72,800 in 2018 and 2017, respectively
$
352,029

 
$
393,815

Customer deposits
254,624

 
250,779

Accrued and other liabilities
1,360,483

 
1,356,333

Income tax liabilities
11,580

 
86,925

Financial Services debt
348,412

 
437,804

Notes payable
3,028,066


3,006,967

Total liabilities
5,355,194

 
5,532,623

Shareholders’ equity:
 
 
 
Preferred shares, $0.01 par value; 25,000,000 shares authorized, none issued
$
—

 
$
—

Common shares, $0.01 par value; 500,000,000 shares authorized, 277,109,507 and 286,752,436 shares issued and outstanding at December 31, 2018 and 2017, respectively
2,771

 
2,868

Additional paid-in capital
3,201,427

 
3,171,542

Accumulated other comprehensive loss
(345
)
 
(445
)
Retained earnings
1,613,929

 
980,061

Total shareholders’ equity
4,817,782

 
4,154,026

 
$
10,172,976

 
$
9,686,649





See Notes to Consolidated Financial Statements.


42


PULTEGROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
For the years ended December 31, 2018, 2017, and 2016
(000’s omitted, except per share data)
 
 
2018
 
2017
 
2016
Revenues:
 
 
 
 
 
Homebuilding
 
 
 
 
 
Home sale revenues
$
9,818,445

 
$
8,323,984

 
$
7,451,315

Land sale and other revenues
164,504

 
61,542

 
44,089

 
9,982,949

 
8,385,526

 
7,495,404

Financial Services
205,382

 
192,160

 
181,126

Total revenues
10,188,331

 
8,577,686

 
7,676,530

 
 
 
 
 
 
Homebuilding Cost of Revenues:
 
 
 
 
 
Home sale cost of revenues
(7,540,937
)
 
(6,461,152
)
 
(5,587,974
)
Land sale cost of revenues
(126,560
)
 
(134,449
)
 
(32,115
)
 
(7,667,497
)
 
(6,595,601
)
 
(5,620,089
)
 
 
 
 
 
 
Financial Services expenses
(147,422
)
 
(119,289
)
 
(108,573
)
Selling, general, and administrative expenses
(1,012,023
)
 
(891,581
)
 
(957,150
)
Other expense, net
(13,849
)
 
(32,387
)
 
(56,868
)
Income before income taxes
1,347,540

 
938,828

 
933,850

Income tax expense
(325,517
)
 
(491,607
)
 
(331,147
)
Net income
$
1,022,023

 
$
447,221

 
$
602,703

 

 

 

Net income per share:
 
 
 
 
 
Basic
$
3.56

 
$
1.45

 
$
1.76

Diluted
$
3.55

 
$
1.44

 
$
1.75

Cash dividends declared
$
0.38

 
$
0.36

 
$
0.36

 
 
 
 
 
 
Number of shares used in calculation:
 
 
 
 
 
Basic
283,578

 
305,089

 
339,747

Effect of dilutive securities
1,287

 
1,725

 
2,376

Diluted
284,865

 
306,814

 
342,123





See Notes to Consolidated Financial Statements.

43


PULTEGROUP, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the years ended December 31, 2018, 2017, and 2016
($000’s omitted)
 

 
2018
 
2017
 
2016
Net income
$
1,022,023

 
$
447,221

 
$
602,703

 
 
 
 
 
 
Other comprehensive income, net of tax:
 
 
 
 
 
Change in value of derivatives
100

 
81

 
83

Other comprehensive income
100

 
81

 
83

 
 
 
 
 
 
Comprehensive income
$
1,022,123

 
$
447,302

 
$
602,786





See Notes to Consolidated Financial Statements.




44


PULTEGROUP, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
For the years ended December 31, 2018, 2017, and 2016
(000’s omitted)

 
Common Shares
 
Additional
Paid-in
Capital
 
Accumulated
Other
Comprehensive
Income
(Loss)
 
Retained
Earnings
 
Total
Shares
 
$
 
Shareholders' Equity, December 31, 2015
349,149

 
$
3,491

 
$
3,093,802

 
$
(609
)
 
$
1,662,641

 
$
4,759,325

Stock option exercises
498

 
5

 
5,840

 
—

 
—

 
5,845

Share issuances, net of cancellations
530

 
5

 
8,851

 
—

 
—

 
8,856

Dividends declared
—

 
—

 
—

 
—

 
(122,240
)
 
(122,240
)
Share repurchases
(31,087
)
 
(310
)
 
—

 
—

 
(602,896
)
 
(603,206
)
Share-based compensation
—

 
—

 
18,626

 
—

 
—

 
18,626

Excess tax benefits (deficiencies) from share-based compensation
—

 
—

 
(10,629
)
 
—

 
—

 
(10,629
)
Net income
—

 
—

 
—

 
—

 
602,703

 
602,703

Other comprehensive income
—

 
—

 
—

 
83

 
—

 
83

Shareholders' Equity, December 31, 2016
319,090

 
$
3,191

 
$
3,116,490

 
$
(526
)
 
$
1,540,208

 
$
4,659,363

Cumulative effect of accounting change (see Note 1)
—

 
—

 
(406
)
 
—

 
18,644

 
18,238

Stock option exercises
2,352

 
24

 
27,696

 
—

 
—

 
27,720

Share issuances, net of cancellations
730

 
10

 
3,555

 
—

 
—

 
3,565

Dividends declared
—

 
—

 
—

 
—

 
(110,046
)
 
(110,046
)
Share repurchases
(35,420
)
 
(357
)
 
—

 
—

 
(915,966
)
 
(916,323
)
Share-based compensation
—

 
—

 
24,207

 
—

 
—

 
24,207

Excess tax benefits (deficiencies) from share-based compensation
—

 
—

 
—

 
—

 
—

 
—

Net income
—

 
—

 
—

 
—

 
447,221

 
447,221

Other comprehensive income
—

 
—

 
—

 
81

 
—

 
81

Shareholders' Equity, December 31, 2017
286,752

 
$
2,868

 
$
3,171,542

 
$
(445
)
 
$
980,061

 
$
4,154,026

Cumulative effect of accounting change (see Note 1)
—

 
—

 
—

 
—

 
22,411

 
22,411

Stock option exercises
605

 
6

 
6,549

 
—

 
—

 
6,555

Share issuances, net of cancellations
935

 
9

 
3,475

 
—

 
—

 
3,484

Dividends declared
—

 
—

 
—

 
—

 
(108,489
)
 
(108,489
)
Share repurchases
(11,182
)
 
(112
)
 
(284
)
 
—

 
(302,077
)
 
(302,473
)
Share-based compensation
—

 
—

 
20,145

 
—

 
—

 
20,145

Net income
—

 
—

 
—

 
—

 
1,022,023

 
1,022,023

Other comprehensive income
—

 
—

 
—

 
100

 
—

 
100

Shareholders' Equity, December 31, 2018
277,110

 
$
2,771

 
$
3,201,427

 
$
(345
)
 
$
1,613,929

 
$
4,817,782


See Notes to Consolidated Financial Statements.

45


PULTEGROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the years ended December 31, 2018, 2017, and 2016
($000’s omitted)
 
2018
 
2017
 
2016
Cash flows from operating activities:
 
 
 
 
 
Net income
$
1,022,023

 
$
447,221

 
$
602,703

Adjustments to reconcile net income to net cash from operating activities:
 
 
 
 
 
Deferred income tax expense
362,777

 
422,307

 
334,787

Land-related charges
99,446

 
191,913

 
19,357

Depreciation and amortization
49,429

 
50,998

 
54,007

Share-based compensation expense
28,290

 
33,683

 
22,228

Loss on debt retirements
—

 
—

 
657

Other, net
(3,612
)
 
(1,789
)
 
1,614

Increase (decrease) in cash due to:
 
 
 
 
 
Inventories
(50,362
)
 
(569,030
)
 
(897,092
)
Residential mortgage loans available-for-sale
107,330

 
(33,009
)
 
(99,527
)
Other assets
(64,174
)
 
55,099

 
(45,721
)
Accounts payable, accrued and other liabilities
(101,403
)
 
65,684

 
75,257

Net cash provided by operating activities
1,449,744

 
663,077

 
68,270

Cash flows from investing activities:
 
 
 
 
 
Capital expenditures
(59,039
)
 
(32,051
)
 
(39,295
)
Investment in unconsolidated subsidiaries
(1,000
)
 
(23,037
)
 
(14,539
)
Cash used for business acquisition
—

 
—

 
(430,458
)
Other investing activities, net
18,097

 
4,846

 
13,100

Net cash used in investing activities
(41,942
)
 
(50,242
)
 
(471,192
)
Cash flows from financing activities:
 
 
 
 
 
Proceeds from debt, net of issuance costs
(8,164
)
 
—

 
1,995,937

Repayments of debt
(82,775
)
 
(134,747
)
 
(986,919
)
Borrowings under revolving credit facility
1,566,000

 
2,720,000

 
619,000

Repayments under revolving credit facility
(1,566,000
)
 
(2,720,000
)
 
(619,000
)
Financial Services borrowings (repayments), net
(89,393
)
 
106,183

 
63,744

Stock option exercises
6,555

 
27,720

 
5,845

Share repurchases
(302,473
)
 
(916,323
)
 
(603,206
)
Dividends paid
(104,020
)
 
(112,748
)
 
(124,666
)
Net cash provided by (used in) financing activities
(580,270
)
 
(1,029,915
)
 
350,735

Net increase (decrease)
827,532

 
(417,080
)
 
(52,187
)
Cash, cash equivalents, and restricted cash at beginning of period
306,168

 
723,248

 
775,435

Cash, cash equivalents, and restricted cash at end of period
$
1,133,700

 
$
306,168

 
$
723,248

 
 
 
 
 
 
Supplemental Cash Flow Information:
 
 
 
 
 
Interest paid (capitalized), net
$
557

 
$
(942
)
 
$
(26,538
)
Income taxes paid, net
$
89,204

 
$
14,875

 
$
2,743



See Notes to Consolidated Financial Statements.

46


PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

1. Summary of significant accounting policies

Basis of presentation

PulteGroup, Inc. is one of the largest homebuilders in the U.S., and our common shares trade on the New York Stock Exchange under the ticker symbol “PHM”. Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also have mortgage banking operations, conducted principally through Pulte Mortgage LLC (“Pulte Mortgage”), and title and insurance brokerage operations.

The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include the accounts of PulteGroup, Inc. and all of its direct and indirect subsidiaries and variable interest entities in which PulteGroup, Inc. is deemed to be the primary beneficiary. All significant intercompany accounts, transactions, and balances have been eliminated in consolidation.

Business acquisitions

We acquired substantially all of the assets of JW Homes ("Wieland") in January 2016, for $430.5 million in cash and the assumption of certain payables related to such assets. The acquired net assets were located in Atlanta, Charleston, Charlotte, Nashville, and Raleigh, and included approximately 7,000 lots, including 375 homes in inventory, and control of approximately 1,300 lots through land option contracts. We also assumed a sales order backlog of 317 homes. The acquired net assets were recorded at their estimated fair values and resulted in goodwill of $40.4 million and separately identifiable intangible assets of $18.0 million comprised of the John Wieland Homes and Neighborhoods tradename, which is being amortized over a 20-year life. The acquisition of these assets was not material to our results of operations or financial condition.

Use of estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Reclassifications

Effective with our first quarter 2018 reporting, we reclassified customer deposit income from other expense, net to land sale and other revenues. All prior period amounts have been reclassified to conform to the current presentation.

Subsequent events

We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission ("SEC").

Cash and equivalents

Cash and equivalents include institutional money market investments and time deposits with a maturity of three months or less when acquired. Cash and equivalents at December 31, 2018 and 2017 also included $40.9 million and $80.3 million, respectively, of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit.

Restricted cash

We maintain certain cash balances that are restricted as to their use, including customer deposits on home sales that are temporarily restricted by regulatory requirements until title transfers to the homebuyer. Total cash, cash equivalents, and restricted cash includes restricted cash balances of $23.6 million and $33.5 million at December 31, 2018 and 2017, respectively.


47

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Investments in unconsolidated entities

We have investments in a number of unconsolidated entities, including joint ventures, with independent third parties. The equity method of accounting is used for unconsolidated entities over which we have significant influence; generally this represents ownership interests of at least 20% and not more than 50%. Under the equity method of accounting, we recognize our proportionate share of the earnings and losses of these entities. Certain of these entities sell land to us. We defer the recognition of profits from such activities until the time we ultimately sell the related land.

We evaluate our investments in unconsolidated entities for recoverability in accordance with Accounting Standards Codification (“ASC”) 323, “Investments – Equity Method and Joint Ventures” (“ASC 323”). If we determine that a loss in the value of the investment is other than temporary, we write down the investment to its estimated fair value. Any such losses are recorded to equity in (earnings) loss of unconsolidated entities, which is reflected in other expense, net. Due to uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. See Note 4.

Intangible assets

Goodwill, which represents the cost of acquired businesses in excess of the fair value of the net assets of such businesses at the acquisition date, was recorded as the result of the Wieland acquisition and totaled $40.4 million at December 31, 2018 and 2017. We assess goodwill for impairment annually in the fourth quarter and if events or changes in circumstances indicate the carrying amount may not be recoverable.

Intangible assets also include tradenames acquired in connection with the 2016 acquisition of Wieland, the 2009 acquisition of Centex, and the 2001 acquisition of Del Webb, all of which are being amortized over 20-year lives. The acquired cost and accumulated amortization of our tradenames were $277.0 million and $190.2 million, respectively, at December 31, 2018, and $277.0 million and $176.4 million, respectively, at December 31, 2017. Amortization expense totaled $13.8 million in 2018, 2017, and 2016, respectively, and is expected to be $13.8 million in 2019, $13.8 million in 2020, $10.4 million in 2021, and $5.7 million in 2022. The ultimate realization of these assets is dependent upon the future cash flows and benefits that we expect to generate from their use. We assess tradenames for impairment if events or changes in circumstances indicate the carrying amount may not be recoverable.

Property and equipment, net, and depreciation

Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed by the straight-line method based upon estimated useful lives as follows: office furniture and equipment - 3 to 10 years; leasehold improvements - life of the lease; software and hardware - 3 to 5 years; model park improvements and furnishings - 1 to 5 years. Property and equipment are included in other assets and totaled $92.9 million net of accumulated depreciation of $209.3 million at December 31, 2018 and $70.7 million net of accumulated depreciation of $206.5 million at December 31, 2017. Depreciation expense totaled $35.6 million, $37.2 million, and $40.2 million in 2018, 2017, and 2016, respectively.

Advertising costs

Advertising costs are expensed to selling, general, and administrative expense as incurred and totaled $51.0 million, $45.0 million, and $50.7 million, in 2018, 2017, and 2016, respectively.

Employee benefits

We maintain a defined contribution retirement plan that covers substantially all of our employees. Company contributions to the plan totaled $17.9 million, $15.7 million, and $14.6 million in 2018, 2017, and 2016, respectively.


48

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Other expense, net

Other expense, net consists of the following ($000’s omitted): 
 
2018
 
2017
 
2016
Write-offs of deposits and pre-acquisition costs (Note 2)
$
(16,992
)
 
$
(11,367
)
 
$
(17,157
)
Lease exit and related costs (a)
(240
)
 
(1,729
)
 
(11,643
)
Amortization of intangible assets (Note 1)
(13,800
)
 
(13,800
)
 
(13,800
)
Interest expense
(618
)
 
(503
)
 
(686
)
Interest income
7,593

 
2,537

 
3,236

Equity in earnings (loss) of unconsolidated entities (Note 4) (b)
2,690

 
(1,985
)
 
8,337

Miscellaneous, net (c)
7,518

 
(5,540
)
 
(25,155
)
Total other expense, net
$
(13,849
)
 
$
(32,387
)
 
$
(56,868
)


(a)
Lease exit and related costs resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013.
(b)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in 2017 (see Note 2).
(c)
Miscellaneous, net includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).

Earnings per share

Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares, adjusted for unvested shares, (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price of our common shares are considered anti-dilutive and excluded from the diluted earnings per share calculation. Our earnings per share excluded 1.8 million potentially dilutive instruments in 2016. Anti-dilutive shares were immaterial in 2018 and 2017.

In accordance with ASC 260 "Earnings Per Share" ("ASC 260"), the two-class method determines earnings per share for each class of common share and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities. The following table presents the earnings per common share (000's omitted, except per share data):


49

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
December 31, 2018
 
December 31, 2017
 
December 31, 2016
Numerator:
 
 
 
 
 
Net income
$
1,022,023

 
$
447,221

 
$
602,703

Less: earnings distributed to participating securities
(1,208
)
 
(1,192
)
 
(1,100
)
Less: undistributed earnings allocated to participating securities
(9,984
)
 
(3,380
)
 
(3,622
)
Numerator for basic earnings per share
$
1,010,831

 
$
442,649

 
$
597,981

Add back: undistributed earnings allocated to participating securities
9,984

 
3,380

 
3,622

Less: undistributed earnings reallocated to participating securities
(9,939
)
 
(3,361
)
 
(3,602
)
Numerator for diluted earnings per share
$
1,010,876

 
$
442,668

 
$
598,001

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Basic shares outstanding
283,578

 
305,089

 
339,747

Effect of dilutive securities
1,287

 
1,725

 
2,376

Diluted shares outstanding
284,865

 
306,814

 
342,123

 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
Basic
$
3.56

 
$
1.45

 
$
1.76

Diluted
$
3.55

 
$
1.44

 
$
1.75



 Share-based compensation

We measure compensation cost for restricted shares and restricted share units at fair value on the grant date. Fair value is determined based on the quoted price of our common shares on the grant date. We recognize compensation expense for restricted shares and restricted share units, the majority of which cliff vest at the end of three years, ratably over the vesting period. For share-based awards containing performance conditions, we recognize compensation expense ratably over the vesting period when it is probable that the stated performance targets will be achieved and record cumulative adjustments in the period in which estimates change. Compensation expense related to our share-based awards is included in selling, general, and administrative expense, except for a small portion recognized in Financial Services expenses. See Note 7.

Income taxes

The provision for income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is primarily dependent upon the generation of future taxable income. In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment is required. Differences between the anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated results of operations or financial position.
    
Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We follow the provisions of ASC 740 which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Significant judgment is required to evaluate uncertain tax positions. Our evaluations of tax positions consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlements of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in income tax expense (benefit) in the period in which the change is made. Interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense (benefit). See Note 8.


50

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Revenue recognition

Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled $254.6 million and $250.8 million at December 31, 2018 and 2017, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit.

Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During 2018, we closed on a number of land sale transactions that generated gains totaling $31.4 million, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.

Financial services revenues - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.

Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on home and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are considered satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $30.8 million at December 31, 2018. Contract assets totaling $27.7 million were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "New accounting pronouncements" within Note 1 for further discussion.

Sales incentives

When sales incentives involve a discount on the selling price of the home, we record the discount as a reduction of revenue at the time of house closing. If the sales incentive requires us to provide a free product or service to the customer, the cost of the free product or service is recorded as cost of revenues at the time of house closing. This includes the cost related to optional upgrades and seller-paid financing costs, closing costs, homeowners’ association fees, or merchandise.

Inventory and cost of revenues

Inventory is stated at cost unless the carrying value is determined to not be recoverable, in which case the affected inventory is written down to fair value. Cost includes land acquisition, land development, and home construction costs, including interest, real estate taxes, and certain direct and indirect overhead costs related to development and construction. For those communities for which construction and development activities have been idled, applicable interest and real estate taxes are expensed as incurred. Land acquisition and development costs are allocated to individual lots using an average lot cost determined based on the total expected land acquisition and development costs and the total expected home closings for the community. The specific identification method is used to accumulate home construction costs.

We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.


51

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Cost of revenues includes the construction cost, average lot cost, estimated warranty costs, and closing costs applicable to the home. Sales commissions are classified within selling, general, and administrative expenses. The construction cost of the home includes amounts paid through the closing date of the home, plus an accrual for costs incurred but not yet paid. Total community land acquisition and development costs are based on an analysis of budgeted costs compared with actual costs incurred to date and estimates to complete. The development cycles for our communities range from under one year to in excess of ten years for certain master planned communities. Adjustments to estimated total land acquisition and development costs for the community affect the amounts costed for the community’s remaining lots.
    
We test inventory for impairment when events and circumstances indicate that the undiscounted cash flows estimated to be generated by the community may be less than its carrying amount. Such indicators include gross margins or sales paces significantly below expectations, construction costs or land development costs significantly in excess of budgeted amounts, significant delays or changes in the planned development or strategy for the community, and other known qualitative factors. Communities that demonstrate potential impairment indicators are tested for impairment by comparing the expected undiscounted cash flows for the community to its carrying value. For those communities whose carrying values exceed the expected undiscounted cash flows, we estimate the fair value of the community, and impairment charges are recorded if the fair value of the community's inventory is less than its carrying value. See Note 2.

 Land held for sale

We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land held for sale is recorded at the lower of cost or fair value less costs to sell. In determining the value of land held for sale, we consider recent offers received, prices for land in recent comparable sales transactions, and other factors. We record net realizable value adjustments for land held for sale within Homebuilding land sale cost of revenues. See Note 2.

Land option agreements

We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net.  See Note 2.

If an entity holding the land under option is a variable interest entity (“VIE”), our deposit represents a variable interest in that entity. No VIEs required consolidation at either December 31, 2018 or 2017 because we determined that we were not the primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the applicable land option agreements. The following provides a summary of our interests in land option agreements ($000’s omitted):
 
 
December 31, 2018
 
December 31, 2017
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
90,717

 
$
1,079,507

 
$
78,889

 
$
977,480

Other land options
127,851

 
1,522,903

 
129,098

 
1,485,099

 
$
218,568

 
$
2,602,410

 
$
207,987

 
$
2,462,579




52

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Allowance for warranties

Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home's construction and operating systems for periods of up to 10 years. We estimate the costs to be incurred under these warranties and record a liability in the amount of such costs at the time revenue is recognized (see Note 11).

Self-insured risks

We maintain, and require the majority of our subcontractors to maintain, general liability insurance coverage, including coverage for certain construction defects. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. However, we retain a significant portion of the overall risk for such claims. We reserve for these costs on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims, which include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from our subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. See Note 11.

Residential mortgage loans available-for-sale

Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale. Election of the fair value option for these loans allows a better offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without having to apply complex hedge accounting provisions. We do not designate any derivative instruments as hedges or apply the hedge accounting provisions of ASC 815, “Derivatives and Hedging.” See Note 11 for discussion of the risks retained related to mortgage loan originations. 

Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment.  Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. At December 31, 2018 and 2017, residential mortgage loans available-for-sale had an aggregate fair value of $461.4 million and $570.6 million, respectively, and an aggregate outstanding principal balance of $444.2 million and $553.5 million, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled $0.7 million and $(2.2) million for the years ended December 31, 2018 and 2017, respectively. These changes in fair value were substantially offset by changes in fair value of the corresponding hedging instruments. Net gains from the sale of mortgages during 2018, 2017, and 2016 were $111.3 million, $110.9 million, and $109.6 million, respectively, and have been included in Financial Services revenues.

Mortgage servicing rights

We sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the servicing rights for only a short period of time. The servicing sales contracts provide for the reimbursement of payments made by the purchaser if loans prepay within specified periods of time, generally within 90 to 120 days after sale. We establish reserves for this exposure at the time the sale is recorded. Such reserves were immaterial at December 31, 2018 and 2017.

Loans held for investment

We maintain a portfolio of loans that either have been repurchased from investors or were not saleable upon closing. We have the intent and ability to hold these loans for the foreseeable future or until maturity or payoff. These loans are reviewed annually for impairment, or when recoverability becomes doubtful. Loans held for investment are included in other assets and totaled $8.9 million and $11.2 million at December 31, 2018 and 2017, respectively.


53

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Interest income on mortgage loans

Interest income on mortgage loans is recorded in Financial Services revenues, accrued from the date a mortgage loan is originated until the loan is sold, and totaled $11.3 million, $9.5 million, and $8.0 million in 2018, 2017, and 2016, respectively. Loans are placed on non-accrual status once they become greater than 90 days past due their contractual terms. Subsequent payments received are applied according to the contractual terms of the loan. Mortgage discounts are not amortized as interest income due to the short period the loans are held until sale to third party investors.

Derivative instruments and hedging activities

We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At December 31, 2018 and 2017, we had aggregate IRLCs of $285.0 million and $210.9 million, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.

We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At December 31, 2018 and 2017, we had unexpired forward contracts of $511.0 million and $522.0 million, respectively, and whole loan investor commitments of $187.8 million and $203.1 million, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.

There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days. 

The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted):
 
 
December 31, 2018
 
December 31, 2017
 
Other Assets
 
Other Liabilities
 
Other Assets
 
Other Liabilities
Interest rate lock commitments
$
9,196

 
$
161

 
$
5,990

 
$
407

Forward contracts
315

 
7,229

 
432

 
817

Whole loan commitments
393

 
1,111

 
794

 
941

 
$
9,904

 
$
8,501

 
$
7,216

 
$
2,165



New accounting pronouncements

On January 1, 2018, we adopted ASC 606, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of $22.4 million, net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 in 2018, and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard.


54

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


On January 1, 2018, we adopted Accounting Standards Update ("ASU") No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), on a retrospective basis. ASU 2016-15 addresses several specific cash flow issues. The adoption of ASU 2016-15 had no effect on our financial statements.

ASC 842, "Leases", becomes effective for us for interim and annual periods beginning January 1, 2019. The standard requires that lease assets and liabilities be recognized on the balance sheet and that key information about leasing arrangements be disclosed. Upon adoption, we expect to recognize additional lease assets and liabilities of approximately $80 million to reflect the present value of remaining lease payments under existing leasing arrangements. While the recognition of such lease assets and liabilities will impact our consolidated balance sheet, we do not expect a material impact on our consolidated statements of operations or cash flows. We also do not expect significant changes to our business processes, systems, or internal controls as a result of implementing the standard. We have elected to apply the modified retrospective transition approach, so financial information will not be updated for periods prior to January 1, 2019.

In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment." ("ASU 2017-04"), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect ASU 2017-04 to have a material impact on our financial statements.

2. Inventory and land held for sale

Major components of inventory at December 31, 2018 and 2017 were ($000’s omitted):
 
2018
 
2017
Homes under construction
$
2,630,158

 
$
2,421,405

Land under development
4,129,225

 
4,135,814

Raw land
493,970

 
589,911

 
$
7,253,353

 
$
7,147,130



In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Activity related to interest capitalized into inventory is as follows ($000’s omitted):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Interest in inventory, beginning of period
$
226,611

 
$
186,097

 
$
149,498

Interest capitalized
172,809

 
181,719

 
160,506

Interest expensed
(171,925
)
 
(141,205
)
 
(123,907
)
Interest in inventory, end of period
$
227,495

 
$
226,611

 
$
186,097




55

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Land-related charges

We recorded the following land-related charges ($000's omitted):
 
Statement of Operations Classification
 
2018
 
2017
 
2016
Net realizable value adjustments ("NRV") - land held for sale
Land sale cost of revenues
 
$
11,489

 
$
83,576

 
$
1,105

Land impairments
Home sale cost of revenues
 
70,965

 
88,952

 
1,074

Impairments of unconsolidated entities
Other expense, net
 
—

 
8,017

 
—

Write-offs of deposits and pre-acquisition costs
Other expense, net
 
16,992

 
11,367

 
17,157

Total land-related charges
 
 
$
99,446

 
$
191,912

 
$
19,336



Land-related charges have not been a significant broad-based issue since the U.S. housing recovery began in 2012. However, we experienced changes to facts and circumstances related to specific individual communities in 2018 and 2017 that elevated such charges.

As explained in Note 1, we periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. The NRVs in 2017 were primarily the result of a plan we announced in May 2017 to sell select non-core and underutilized land parcels following a strategic review of our land portfolio. As part of that review, we determined that we would sell certain inactive land parcels, representing approximately 17 communities and 4,600 lots. These land parcels were located in diverse geographic areas and no longer fit into our strategic plans. The land parcels identified for sale included: land requiring significant additional development spend that would not yield suitable returns; land in excess of near-term need; and land entitled for certain product types inconsistent with our primary offerings. As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded NRVs totaling $81.0 million in the three months ended June 30, 2017, related to inventory with a pre-NRV carrying value of $151.0 million. An additional $2.6 million of NRVs were recorded throughout 2017 as the result of adjustments to the aforementioned valuations as the sale process progressed or related to other land parcels we chose to sell. The estimated fair values of these inactive land parcels that were held for sale were generally based on comparisons to market comparable transactions, letters of intent, active negotiations with market participants, or similar market-based information supplemented in certain instances by estimated future net cash flows discounted for inherent risk associated with each underlying asset. The majority of these parcels were sold to third parties in either 2017 or 2018; such transactions are classified as land sale revenues.

Land impairments relate to communities that are either active or that we intend to eventually open and build out. On a quarterly basis, we review each of our land positions for potential indicators of impairment and perform detailed impairment calculations for communities that display indicators of potential impairment.

•
In 2018, we received an unfavorable determination related to one of our communities that had been idle while pursuing entitlements for over 10 years. This unfavorable determination caused a significant reduction in the number of lots and necessitated certain changes to the expected product offering and land development that, combined with rising costs and a softening in demand in the applicable local market, resulted in an impairment of $59.2 million. Impairments for all other communities in 2018 totaled $11.8 million.

•
In 2017, our impairments resulted from:

–
As part of the May 2017 strategic review, we decided to accelerate the monetization of two communities through a combination of changing the product offerings and lowering the sales prices within the communities. This decision resulted in land impairments of $31.5 million in the three months ended June 30, 2017.
–
Separately, we recorded an impairment charge of $53.0 million related to one large project. This impairment resulted from increases in our estimates for future land development and house construction costs combined with lower pricing and slower sales paces for this project, which is located in an area where competitive conditions limit our ability to offset our cost increases through higher sales prices. Impairments for all other communities in 2017 totaled $4.5 million.

56

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)



We determine the fair value of a community's inventory using a combination of discounted cash flow models and market comparable transactions, where available. These estimated cash flows are significantly impacted by estimates related to expected average selling prices, expected sales paces, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. The assumptions used in the cash flow models are specific to each community and typically do not assume improvements in market conditions in the near term. The discount rate used in determining each community's fair value depends on the stage of development of the community and other specific factors that increase or decrease the inherent risks associated with the community's cash flow streams. Accordingly, determining the fair value of a community's inventory involves a number of variables, many of which are interrelated. The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of impaired communities ($000's omitted):

 
 
Communities Impaired
 
Fair Value of Communities Impaired, Net of Impairment Charges
 
Impairment Charges
 
Average Selling Price
 
Quarterly Sales Pace (homes)
 
Discount Rate
2018
8

 
$
24,062

 
$
70,965

 
$287 to $586
 
2 to 11
 
12% to 22%

2017
9

 
19,252

 
88,952

 
$207 to $818
 
1 to 11
 
12% to 25%

2016
2

 
8,920

 
1,074

 
$109 to $563
 
3 to 5
 
12
%

Our evaluations for impairments are based on our best estimates of the future cash flows for our communities. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of certain of our communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates.

Land held for sale

Land held for sale at December 31, 2018 and 2017 was as follows ($000’s omitted):
 
 
2018
 
2017
Land held for sale, gross
$
40,037

 
$
142,070

Net realizable value reserves
(3,188
)
 
(73,686
)
Land held for sale, net
$
36,849

 
$
68,384



3. Segment information

Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. Home sale revenues for detached and attached homes were $8.2 billion and $1.6 billion in 2018, $7.3 billion and $1.1 billion in 2017, and $6.5 billion and $1.0 billion in 2016, respectively. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
Northeast:
 
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio
Texas:
 
Texas
West:
 
Arizona, California, Nevada, New Mexico, Washington

We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking, title, and insurance brokerage operations. The Financial Services segment operates generally in the same markets as the Homebuilding segments. Evaluation of segment performance is generally based on income before income taxes. Each reportable segment generally follows the same accounting policies described in Note 1.

57

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
Operating Data by Segment ($000’s omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Revenues:
 
 
 
 
 
Northeast
$
839,700

 
$
693,877

 
$
699,718

Southeast
1,746,161

 
1,564,116

 
1,492,502

Florida
1,944,170

 
1,494,389

 
1,285,890

Midwest
1,497,389

 
1,450,192

 
1,235,198

Texas
1,301,004

 
1,168,755

 
1,035,428

West
2,654,525

 
2,014,197

 
1,746,668

 
9,982,949

 
8,385,526

 
7,495,404

Financial Services
205,382

 
192,160

 
181,126

Consolidated revenues
$
10,188,331

 
$
8,577,686

 
$
7,676,530

 
 
 
 
 
 
Income before income taxes (a):
 
 
 
 
 
Northeast (b)
$
29,629

 
$
21,190

 
$
81,991

Southeast
202,639

 
122,532

 
145,011

Florida (c)
289,418

 
208,825

 
205,049

Midwest
179,568

 
178,231

 
120,159

Texas
193,946

 
182,862

 
152,355

West (d)
511,828

 
229,504

 
225,771

Other homebuilding (e)
(118,224
)
 
(77,812
)
 
(69,570
)
 
1,288,804

 
865,332

 
860,766

Financial Services
58,736

 
73,496

 
73,084

Consolidated income before income taxes
$
1,347,540

 
$
938,828

 
$
933,850


(a)
Includes certain land-related charges (see the following table and Note 2).
(b)
Northeast includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).
(c)
Florida includes a warranty charge of $12.4 million in 2017 related to a closed-out community (see Note 11).
(d)
West includes gains of $26.4 million in 2018 related to two land sale transactions in California.
(e)
Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also includes: write-off of $29.6 million of insurance receivables associated with the resolution of certain insurance matters in 2017 (see Note 11); general liability insurance reserve reversals of $35.9 million, $97.8 million, and $57.1 million in 2018, 2017 and 2016, respectively (see Note 11); and costs associated with the relocation of our corporate headquarters totaling $8.3 million in 2016.

58

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Land-related charges*:
 
 
 
 
 
Northeast
$
74,488

 
$
51,362

 
$
2,079

Southeast
8,140

 
55,689

 
3,089

Florida
1,166

 
9,702

 
715

Midwest
7,361

 
8,917

 
3,383

Texas
1,204

 
2,521

 
515

West
5,159

 
56,995

 
8,960

Other homebuilding
1,928

 
6,726

 
595

 
$
99,446

 
$
191,912

 
$
19,336


*
Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See Note 2 for additional discussion of these charges.

 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Depreciation and amortization:
 
 
 
 
 
Northeast
$
2,093

 
$
2,392

 
$
2,133

Southeast
5,231

 
5,117

 
5,350

Florida
4,893

 
4,883

 
4,955

Midwest
4,271

 
4,449

 
5,099

Texas
3,082

 
3,301

 
3,673

West
6,758

 
5,828

 
6,739

Other homebuilding (a)
18,908

 
21,326

 
22,467

 
45,236

 
47,296

 
50,416

Financial Services
4,193

 
3,702

 
3,591

 
$
49,429

 
$
50,998

 
$
54,007

(a)
Other homebuilding includes amortization of intangible assets.



59

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
268,900

 
$
291,467

 
$
52,245

 
$
612,612

 
$
704,515

Southeast
443,140

 
676,087

 
90,332

 
1,209,559

 
1,347,427

Florida
467,625

 
892,669

 
85,321

 
1,445,615

 
1,601,906

Midwest
314,442

 
433,056

 
29,908

 
777,406

 
849,596

Texas
284,405

 
427,124

 
98,415

 
809,944

 
881,629

West
805,709

 
1,131,841

 
118,579

 
2,056,129

 
2,208,092

Other homebuilding (a)
45,937

 
276,981

 
19,170

 
342,088

 
2,006,825

 
2,630,158

 
4,129,225

 
493,970

 
7,253,353

 
9,599,990

Financial Services


 


 


 
—

 
572,986

 
$
2,630,158

 
$
4,129,225

 
$
493,970

 
$
7,253,353

 
$
10,172,976

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,413

 
$
327,599

 
$
73,574

 
$
635,586

 
$
791,511

Southeast
433,411

 
613,626

 
121,238

 
1,168,275

 
1,287,992

Florida
359,651

 
876,856

 
109,069

 
1,345,576

 
1,481,837

Midwest
299,896

 
476,694

 
28,482

 
805,072

 
877,282

Texas
251,613

 
435,018

 
87,392

 
774,023

 
859,847

West
798,706

 
1,137,940

 
147,493

 
2,084,139

 
2,271,328

Other homebuilding (a)
43,715

 
268,081

 
22,663

 
334,459

 
1,469,234

 
2,421,405

 
4,135,814

 
589,911

 
7,147,130

 
9,039,031

Financial Services
—

 
—

 
—

 
—

 
647,618

 
$
2,421,405

 
$
4,135,814

 
$
589,911

 
$
7,147,130

 
$
9,686,649

 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
175,253

 
$
375,899

 
$
135,447

 
$
686,599

 
$
798,369

Southeast (a)
354,047

 
650,805

 
148,793

 
1,153,645

 
1,243,188

Florida
309,525

 
683,376

 
183,168

 
1,176,069

 
1,330,847

Midwest
256,649

 
474,287

 
50,302

 
781,238

 
851,457

Texas
219,606

 
413,312

 
74,750

 
707,668

 
793,917

West
580,082

 
1,226,190

 
159,387

 
1,965,659

 
2,200,058

Other homebuilding (a)
26,097

 
248,240

 
25,440

 
299,777

 
2,351,082

 
1,921,259

 
4,072,109

 
777,287

 
6,770,655

 
9,568,918

Financial Services
—

 
—

 
—

 
—

 
609,282

 
$
1,921,259

 
$
4,072,109

 
$
777,287

 
$
6,770,655

 
$
10,178,200


 
(a)
Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.


60

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)



4. Investments in unconsolidated entities

We participate in a number of joint ventures with independent third parties. These joint ventures generally purchase, develop, and sell land, including selling land to us for use in our homebuilding operations. A summary of our joint ventures is presented below ($000’s omitted):
 
 
December 31,
 
2018
 
2017
Investments in joint ventures with limited recourse debt
$
31,551

 
$
37,063

Investments in joint ventures with debt non-recourse to PulteGroup
3,471

 
3,567

Investments in other active joint ventures
19,568

 
22,327

Total investments in unconsolidated entities
$
54,590

 
$
62,957

 
 
 
 
Total joint venture debt
$
42,948

 
$
59,544

 
 
 
 
PulteGroup proportionate share of joint venture debt:
 
 
 
Joint venture debt with limited recourse guaranties
$
21,059

 
$
28,157

Joint venture debt non-recourse to PulteGroup
217

 
700

PulteGroup's total proportionate share of joint venture debt
$
21,276

 
$
28,857



In 2018, 2017, and 2016, we recognized earnings (losses) from unconsolidated joint ventures of $2.7 million, $(2.0) million, and $8.3 million, respectively. We received distributions from our unconsolidated joint ventures of $12.1 million, $9.4 million, and $10.9 million, in 2018, 2017, and 2016, respectively. We made capital contributions of $1.0 million , $23.0 million and 14.5 million in 2018, 2017, and 2016, respectively.

At December 31, 2018, aggregate outstanding debt of unconsolidated joint ventures was $42.9 million, of which $42.1 million was related to one joint venture in which we have a 50% interest. In connection with this loan, we and our joint venture partner provided customary limited recourse guaranties in which our maximum financial loss exposure is limited to our pro rata share of the debt outstanding. The limited guaranties include, but are not limited to: (i) completion of certain aspects of the project; (ii) an environmental indemnity provided to the lender; and (iii) an indemnification of the lender from certain "bad boy acts" of the joint venture.

The timing of cash flows related to a joint venture and any related financing agreements varies by agreement. If additional capital contributions are required and approved by the joint venture, we would need to contribute our pro rata portion of those capital needs in order to not dilute our ownership in the joint ventures. While future capital contributions may be required, we believe the total amount of such contributions will be limited. Our maximum financial exposure related to joint ventures is unlikely to exceed the combined investment and limited recourse guaranty totals.

61

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


5. Debt

Our notes payable are summarized as follows ($000’s omitted):
 
December 31,
 
2018
 
2017
4.250% unsecured senior notes due March 2021 (a)
$
700,000

 
$
700,000

5.500% unsecured senior notes due March 2026 (a)
700,000

 
700,000

5.000% unsecured senior notes due January 2027 (a)
600,000

 
600,000

7.875% unsecured senior notes due June 2032 (a)
300,000

 
300,000

6.375% unsecured senior notes due May 2033 (a)
400,000

 
400,000

6.000% unsecured senior notes due February 2035 (a)
300,000

 
300,000

Net premiums, discounts, and issuance costs (b)
(13,247
)
 
(13,057
)
Total senior notes
$
2,986,753

 
$
2,986,943

Other notes payable
41,313

 
20,024

Notes payable
$
3,028,066

 
$
3,006,967

Estimated fair value
$
2,899,143

 
$
3,263,774


(a)
Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.
(b)
The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

The indentures governing the senior notes impose certain restrictions on the incurrence of additional debt along with other limitations. At December 31, 2018, we were in compliance with all of the covenants and requirements under the senior notes. Refer to Note 12 for supplemental consolidating financial information of the Company.

In February 2016, we issued $1.0 billion of unsecured senior notes, consisting of $300.0 million of 4.25% senior notes due March 1, 2021, and $700.0 million of 5.50% senior notes due March 1, 2026. The net proceeds from this senior notes issuance were used to fund the retirement of $465.2 million of our senior notes that matured in May 2016, with the remaining net proceeds used for general corporate purposes. In July 2016, we issued an additional $1.0 billion of unsecured senior notes, consisting of an additional $400.0 million of the 4.25% senior notes due March 1, 2021, and $600.0 million of 5.00% senior notes due January 15, 2027. The net proceeds from the July senior notes issuance were used for general corporate purposes and to pay down approximately $500.0 million of outstanding debt, including the remainder of a then existing term loan facility. The senior notes issued in 2016 are unsecured obligations, and rank equally in right of payment with the existing and future senior unsecured indebtedness of the Company and each of the guarantors, respectively. The notes are redeemable at our option at any time up to the date of maturity.

We retired outstanding debt totaling $82.8 million, $134.7 million, and $986.9 million during 2018, 2017, and 2016, respectively. Certain debt retirements occurred prior to the stated maturity dates and resulted in losses totaling $0.7 million in 2016. Losses on debt repurchase transactions include the write-off of unamortized discounts, premiums, and transaction fees related to the repurchased debt and are reflected in other expense, net.

Other notes payable include non-recourse and limited recourse collateralized notes with third parties that totaled $41.3 million and $20.0 million at December 31, 2018 and 2017, respectively. These notes have maturities ranging up to three years, are secured by the applicable land positions to which they relate, and have no recourse to any other assets. The stated interest rates on these notes range up to 7.57%.

Revolving credit facility

In June 2018, we entered into the Second Amended and Restated Credit Agreement ("Revolving Credit Facility") which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to June 2023. The Revolving Credit Facility has a maximum borrowing capacity of $1.0 billion and contains an uncommitted accordion feature that could increase the capacity to $1.5 billion, subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also

62

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of $500.0 million at December 31, 2018. The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined therein. In the event that LIBOR is no longer widely available, the agreement contemplates transitioning to an alternative widely available market rate agreeable between the parties. We had no borrowings outstanding and $239.4 million and $235.5 million of letters of credit issued under the Revolving Credit Facility at December 31, 2018 and 2017, respectively.

The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving Credit Facility). As of December 31, 2018, we were in compliance with all covenants. Outstanding balances under the Revolving Credit Facility are guaranteed by certain of our wholly-owned subsidiaries. Our available and unused borrowings under the Revolving Credit Facility, net of outstanding letters of credit, amounted to $760.6 million and $764.5 million as of December 31, 2018 and 2017, respectively.

Pulte Mortgage

Pulte Mortgage maintains a master repurchase agreement with third party lenders. In August 2018, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the maturity date to August 2019. The maximum aggregate commitment was $520.0 million during the seasonally high borrowing period from December 26, 2018 through January 14, 2019. Through maturity, the maximum aggregate commitment ranges from $240.0 million to $400.0 million. The purpose of the changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had $348.4 million and $437.8 million outstanding under the Repurchase Agreement at December 31, 2018, and 2017, respectively, and was in compliance with its covenants and requirements as of such dates.

The following is aggregate borrowing information for our mortgage operations ($000’s omitted):
 
 
December 31,
 
2018
 
2017
Available credit lines
$
520,000

 
$
475,000

Unused credit lines
$
171,588

 
$
37,196

Weighted-average interest rate
4.27
%
 
3.55
%


6. Shareholders’ equity

Our declared quarterly cash dividends totaled $108.5 million, $110.0 million, and $122.2 million in 2018, 2017, and 2016, respectively. Under a share repurchase program authorized by our Board of Directors, we repurchased 10.9 million, 35.4 million, and 30.9 million shares in 2018, 2017, and 2016, respectively, for a total of $294.6 million, $910.3 million, and $600.0 million in 2018, 2017, and 2016, respectively. At December 31, 2018, we had remaining authorization to repurchase $299.9 million of common shares.

Under our stock-based compensation plans, we accept shares as payment under certain conditions related to stock option exercises and vesting of restricted shares and share units, generally related to the payment of tax obligations. During 2018, 2017, and 2016, employees surrendered shares valued at $7.9 million, $6.0 million, and $3.2 million, respectively, under these plans. Such share transactions are excluded from the above noted share repurchase authorization.


63

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


7. Stock compensation plans

We maintain a stock award plan for both employees and non-employee directors. The plan provides for the grant of a variety of equity awards, including options (generally non-qualified options), restricted shares, restricted share units ("RSUs"), and performance shares to key employees (as determined by the Compensation and Management Development Committee of the Board of Directors) for periods not to exceed ten years. Non-employee directors are awarded an annual distribution of common shares. Options granted to employees generally vest incrementally over four years and are generally exercisable for ten years from the vest date. Shares issued upon the exercise of a stock option are from newly issued shares. RSUs represent the right to receive an equal number of common shares and are converted into common shares upon distribution. Restricted shares and RSUs generally cliff vest after three years. Both restricted share and RSU holders receive cash dividends during the vesting period. Performance shares vest upon attainment of the stated performance targets and minimum service requirements and are converted into common shares upon distribution. As of December 31, 2018, there were 24.4 million shares that remained available for grant under the plan. Our stock compensation expense for the three years ended December 31, 2018, is presented below ($000's omitted):
 
2018
 
2017
 
2016
Stock options
$
—

 
$
—

 
$
—

Restricted shares (including RSUs and performance shares)
20,145

 
24,207

 
18,626

Long-term incentive plans
8,145

 
9,476

 
3,602

 
$
28,290

 
$
33,683

 
$
22,228



Stock options

A summary of stock option activity for the three years ended December 31, 2018, is presented below (000’s omitted, except per share data):
 
2018
 
2017
 
2016
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
Outstanding, beginning of year
1,168

 
$
11

 
3,623

 
$
12

 
6,040

 
$
19

Granted
—

 
—

 
—

 
—

 
—

 
—

Exercised
(605
)
 
11

 
(2,353
)
 
12

 
(498
)
 
12

Forfeited
—

 
—

 
(102
)
 
28

 
(1,919
)
 
34

Outstanding, end of year
563

 
$
12

 
1,168

 
$
11

 
3,623

 
$
12

Options exercisable at year end
563

 
$
12

 
1,168

 
$
11

 
3,623

 
$
12

Weighted-average per share fair value of
       options granted during the year
$
—

 
 
 
$
—

 
 
 
$
—

 
 


The following table summarizes information about our options outstanding at December 31, 2018: 
 
Options Outstanding
 
Options Exercisable
 
Number
Outstanding
(000's omitted)
 
Weighted-
Average
Remaining
Contract Life
(in years)
 
Weighted-
Average
Per Share
Exercise Price
 
Number
Exercisable
(000's omitted)
 
Weighted-
Average Per
Share
Exercise Price
$0.01 to $10.00
71

 
2.1
 
$
8

 
71

 
$
8

$10.01 to $20.00
492

 
0.8
 
12

 
492

 
12

 
563

 
1.2
 
$
12

 
563

 
$
12




64

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


We did not issue any stock options during 2018, 2017, or 2016. As a result, there is no unrecognized compensation cost related to stock option awards at December 31, 2018. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The aggregate intrinsic value of stock options that were exercised during 2018, 2017, and 2016 was $11.7 million, $31.1 million, and $4.5 million, respectively. As of December 31, 2018, options outstanding, all of which were exercisable, had an intrinsic value of $8.1 million.

Restricted shares (including RSUs and performance shares)

A summary of restricted share activity, including RSUs and performance shares, for the three years ended December 31, 2018, is presented below (000’s omitted, except per share data):
 
 
2018
 
2017
 
2016
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
Outstanding, beginning of
       year
3,271

 
$
19

 
2,974

 
$
19

 
2,576

 
$
18

Granted
833

 
31

 
1,251

 
21

 
1,853

 
17

Distributed
(786
)
 
22

 
(775
)
 
19

 
(546
)
 
20

Forfeited
(244
)
 
22

 
(179
)
 
19

 
(909
)
 
12

Outstanding, end of year
3,074

 
$
23

 
3,271

 
$
19

 
2,974

 
$
19

Vested, end of year
129

 
$
21

 
152

 
$
17

 
123

 
$
15



During 2018, 2017, and 2016, the total fair value of shares vested during the year was $17.1 million, $15.0 million, and $11.0 million, respectively. Unamortized compensation cost related to restricted share awards was $19.0 million at December 31, 2018. These costs will be expensed over a weighted-average period of approximately 2 years. Additionally, there were 129,115 RSUs outstanding at December 31, 2018, that had vested but had not yet been paid out because the payout date had been deferred by the holders.

Long-term incentive plans

We maintain long-term incentive plans for senior management and other employees that provide awards based on the achievement of stated performance targets over three-year periods. Awards are stated in dollars but are settled in common shares based on the stock price at the end of the performance period. If the share price falls below a floor of $5.00 per share at the end of the performance period or we do not have a sufficient number of shares available under our stock incentive plans at the time of settlement, then a portion of each award will be paid in cash. We adjust the liabilities and recognize the expense associated with the awards based on the probability of achieving the stated performance targets at each reporting period. Liabilities for these awards totaled $17.0 million and $14.0 million at December 31, 2018 and 2017, respectively.

8. Income taxes

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, the following that impact us: (1) reducing the U.S. federal corporate income tax rate from 35 percent to 21 percent; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; (4) repealing the domestic production activities deduction; (5) limiting the deductibility of certain executive compensation; and (6) limiting certain other deductions.

The SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides for a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting relating to the Tax Act under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. If a company cannot

65

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


determine a provisional estimate to be included in its financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act.

As the result of our initial analysis of the impact of the Tax Act, we recorded a provisional amount of net tax expense of $172.1 million in 2017 related to the remeasurement of our deferred tax balances and other effects. We completed our accounting for the income tax effects of the Tax Act in 2018, and no material adjustments were required to the provisional amounts initially recorded.

Components of current and deferred income tax expense (benefit) are as follows ($000’s omitted):
 
 
2018
 
2017
 
2016
Current expense (benefit)
 
 
 
 
 
Federal
$
(44,462
)
 
$
81,101

 
$
9,464

State and other
7,202

 
(11,801
)
 
(13,104
)
 
$
(37,260
)
 
$
69,300

 
$
(3,640
)
Deferred expense (benefit)
 
 
 
 
 
Federal
$
271,544

 
$
444,695

 
$
312,288

State and other
91,233

 
(22,388
)
 
22,499

 
$
362,777

 
$
422,307

 
$
334,787

Income tax expense (benefit)
$
325,517

 
$
491,607

 
$
331,147



The following table reconciles the statutory federal income tax rate to the effective income tax rate:
 
 
2018
 
2017
 
2016
Income taxes at federal statutory rate
21.0
 %
 
35.0
 %
 
35.0
 %
State and local income taxes, net of federal tax
4.0

 
3.1

 
3.3

Tax accounting method change
(2.5
)
 
—

 
—

Changes in tax laws, including the Tax Act
1.0

 
18.3

 
0.5

Deferred tax asset valuation allowance
0.9

 
(1.1
)
 
(2.2
)
Tax contingencies
0.1

 
(1.0
)
 
(1.3
)
Other
(0.3
)
 
(1.9
)
 
0.2

Effective rate
24.2
 %
 
52.4
 %
 
35.5
 %


The 2018 effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings, tax benefits due to Internal Revenue Service (IRS) acceptance of a tax accounting method change applicable to the 2017 tax year, valuation allowances relating to projected utilization of certain state net operating loss carryforwards, and state tax law changes. The acceptance of the tax accounting method change provided a deferral of profit and acceleration of certain costs associated with home sales, which resulted in a favorable adjustment in 2018 due to the tax rate reduction in the Tax Act. The 2017 effective tax rate differs from the federal statutory rate primarily due to the impacts of the Tax Act, state income tax expense on current year earnings, the favorable resolution of certain state income tax matters, the domestic production activities deduction, and state tax law changes. The 2016 effective tax rate differs from the federal statutory rate primarily due to state income taxes, the reversal of a portion of our valuation allowance related to a legal entity restructuring, the favorable resolution of certain state income tax matters, the impact on our net deferred tax assets due to changes in business operations and state tax laws, and recognition of energy efficient home credits.

As a result of the adoption of ASU No. 2016-09, excess tax benefits related to equity compensation are recorded as a component of income tax expense, pursuant to which we recorded a cumulative-effect adjustment to increase retained earnings and deferred tax assets as of January 1, 2017 by $18.6 million for previously unrecognized excess tax benefits.

66

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Deferred tax assets and liabilities reflect temporary differences arising from the different treatment of items for tax and accounting purposes. Components of our net deferred tax asset are as follows ($000’s omitted):
 
 
At December 31,
 
2018
 
2017
Deferred tax assets:
 
 
 
Accrued insurance
$
117,682

 
$
117,133

Inventory valuation reserves
132,495

 
202,791

Other reserves
60,585

 
78,271

NOL carryforwards:
 
 
 
Federal
27,122

 
41,282

State
228,959

 
248,224

Alternative minimum tax credit carryforwards
2,546

 
54,965

Energy and other credit carryforwards
5,146

 
41,763

 
574,535

 
784,429

Deferred tax liabilities:
 
 
 
Capitalized items, including real estate basis differences,
      deducted for tax, net
(1,038
)
 
(17,895
)
Deferral of profit on home sales
(188,628
)
 
(34,769
)
Intangibles
(16,701
)
 
(17,860
)
 
(206,367
)
 
(70,524
)
Valuation allowance
(92,589
)
 
(68,610
)
Net deferred tax asset
$
275,579

 
$
645,295


 
Our federal NOL carryforward deferred tax asset of $27.1 million expires, if unused, between 2031 and 2032. We also have state NOLs in various jurisdictions which may generally be carried forward up to 20 years, depending on the jurisdiction. Our NOL carryforward deferred tax assets will expire if unused at various dates as follows: $32.6 million from 2019 to 2023 and $196.4 million from 2024 and thereafter.

We evaluate our deferred tax assets each period to determine if a valuation allowance is required based on whether it is "more likely than not" that some portion of the deferred tax assets would not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of sufficient taxable income during future periods.  We conduct our evaluation by considering all available positive and negative evidence. This evaluation considers, among other factors, historical operating results, forecasts of future profitability, the duration of statutory carryforward periods, and the outlooks for the U.S. housing industry and broader economy.
Our ability to use certain of Centex’s federal losses and credits is limited by Section 382 of the Internal Revenue Code. We do not believe that this limitation will prevent us from utilizing these Centex losses and credits. We do believe that full utilization of certain state NOL carryforwards will be limited due to Section 382.
The accounting for deferred taxes is based upon estimates of future results. Differences between estimated and actual results could result in changes in the valuation of our deferred tax assets that could have a material impact on our consolidated results of operations or financial position. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time.
Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We had $30.6 million and $48.6 million of gross unrecognized tax benefits at December 31, 2018 and 2017, respectively. If recognized, $19.7 million and $23.4 million, respectively, of these amounts would impact our effective tax rate. Additionally, we had accrued interest and penalties of $5.8 million and $4.9 million at December 31, 2018 and 2017, respectively.


67

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


It is reasonably possible within the next twelve months that our gross unrecognized tax benefits may decrease by up to $16.6 million, excluding interest and penalties, primarily due to potential settlements. A reconciliation of the change in the unrecognized tax benefits is as follows ($000’s omitted):
 
 
2018
 
2017
 
2016
Unrecognized tax benefits, beginning of period
$
48,604

 
$
21,502

 
$
38,992

Increases related to tax positions taken during a prior period
5,389

 
20,555

 
224

Decreases related to tax positions taken during a prior period
(31,850
)
 
(9,665
)
 
(13,218
)
Increases related to tax positions taken during the current
       period
8,411

 
18,895

 
114

Decreases related to settlements with taxing authorities
—

 
—

 
(707
)
Reductions as a result of a lapse of the applicable statute of
       limitations
—

 
(2,683
)
 
(3,903
)
Unrecognized tax benefits, end of period
$
30,554

 
$
48,604

 
$
21,502



We continue to participate in the Compliance Assurance Process (“CAP”) with the IRS as an alternative to the traditional IRS examination process. As a result of our participation in CAP, federal tax years 2016 and prior are closed. Tax year 2017 is expected to close by the second quarter of 2019. We are also currently under examination by various state taxing jurisdictions and anticipate finalizing certain of the examinations within the next twelve months. The outcome of these examinations is not yet determinable. The statute of limitations for our major tax jurisdictions remains open for examination for tax years 2005 to 2018.

9. Fair value disclosures

ASC 820, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value in generally accepted accounting principles and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy can be summarized as follows: 
Level 1
 
Fair value determined based on quoted prices in active markets for identical assets or liabilities.
 
 
Level 2
  
Fair value determined using significant observable inputs, generally either quoted prices in active markets for similar assets or liabilities or quoted prices in markets that are not active.
 
 
Level 3
  
Fair value determined using significant unobservable inputs, such as pricing models, discounted cash flows, or similar techniques


68

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): 
Financial Instrument
 
Fair Value
Hierarchy
 
Fair Value
December 31,
2018
 
December 31,
2017
 
 
 
 
 
 
 
Measured at fair value on a recurring basis:
 
 
 
 
 
 
Residential mortgage loans available-for-sale
 
Level 2
 
$
461,354

 
$
570,600

Interest rate lock commitments
 
Level 2
 
9,035

 
5,583

Forward contracts
 
Level 2
 
(6,914
)
 
(385
)
Whole loan commitments
 
Level 2
 
(718
)
 
(147
)
 
 
 
 
 
 
 
Measured at fair value on a non-recurring basis:
 
 
 
 
 
 
House and land inventory
 
Level 3
 
$
18,253

 
$
11,045

Land held for sale
 
Level 2
 
17,813

 
8,600

 
 
 
 
 
 
 
Disclosed at fair value:
 
 
 
 
 
 
Cash and equivalents (including restricted cash)
 
Level 1
 
$
1,133,700

 
$
306,168

Financial Services debt
 
Level 2
 
348,412

 
437,804

Other notes payable
 
Level 2
 
41,313

 
20,024

Senior notes payable
 
Level 2
 
2,857,830

 
3,243,750



Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.

Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair value included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See Note 1 for a more detailed discussion of the valuation methods used for inventory.

The carrying amounts of cash and equivalents, Financial Services debt, Other notes payable and the Revolving Credit Facility approximate their fair values due to their short-term nature and floating interest rate terms. The fair values of the Senior notes payable are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of the senior notes payable was $3.0 billion at both December 31, 2018 and 2017.

69

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


10. Other assets and accrued and other liabilities

Other assets are presented below ($000’s omitted):
 
 
December 31,
 
2018
 
2017
Accounts and notes receivable:
 
 
 
Insurance receivables (Note 11)
$
152,987

 
$
213,407

Notes receivable
13,850

 
16,768

Other receivables
122,469

 
76,309

 
289,306

 
306,484

Prepaid expenses
131,523

 
116,912

Deposits and pre-acquisition costs (Note 1)
218,568

 
207,987

Property and equipment, net (Note 1)
92,935

 
70,706

Income taxes receivable
58,090

 
6,964

Other
39,937

 
36,070

 
$
830,359

 
$
745,123



We record receivables from various parties in the normal course of business, including amounts due from insurance companies (see Note 11) and municipalities. In certain instances, we may accept consideration for land sales or other transactions in the form of a note receivable.

Accrued and other liabilities are presented below ($000’s omitted):
 
 
December 31,
 
2018
 
2017
Self-insurance liabilities (Note 11)
$
737,013

 
$
758,812

Compensation-related liabilities
161,068

 
134,008

Warranty liabilities (Note 11)
79,154

 
72,709

Accrued interest
52,521

 
50,620

Loan origination liabilities (Note 11)
50,282

 
34,641

Other
280,445

 
305,543

 
$
1,360,483

 
$
1,356,333

 


70

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


11. Commitments and contingencies

Leases

We lease certain property and equipment under non-cancelable operating leases. The future minimum lease payments required under operating leases that have initial or remaining non-cancelable terms in excess of one year as of December 31, 2018, are as follows ($000’s omitted): 
Years Ending December 31,
 
2019
$
24,806

2020
19,407

2021
16,146

2022
14,469

2023
12,800

Thereafter
25,868

Total minimum lease payments
$
113,496


Net rental expense for 2018, 2017, and 2016 was $33.6 million, $30.8 million, and $33.0 million, respectively. Certain leases contain renewal or purchase options and generally provide that we pay for insurance, taxes, and maintenance.

Loan origination liabilities

Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. If a loan is determined to be faulty, we either indemnify the investor for potential future losses, repurchase the loan from the investor, or reimburse the investor's actual losses.

CTX Mortgage Company, LLC ("CTX Mortgage") was the mortgage subsidiary of Centex and ceased originating loans in December 2009. In the matter Lehman Brothers Holdings, Inc. ("Lehman") in the U.S. Bankruptcy Court in the Southern District of New York, Lehman has initiated an adversary proceeding against CTX Mortgage seeking indemnity for loans sold to it by CTX Mortgage prior to 2009. This claim is part of a broader action by Lehman in U.S. Bankruptcy Court against more than 100 mortgage originators and brokers. On August 13, 2018, the court denied a motion to dismiss filed by CTX Mortgage and other defendants, and on December 17, 2018, Lehman filed an amended adversary complaint against CTX Mortgage. Lehman's complaint alleges claims for indemnifiable losses of up to $261 million due from CTX Mortgage. We believe that CTX Mortgage has meritorious defenses and CTX Mortgage will continue to vigorously defend itself in this matter. We have recorded a liability for an amount that we consider to be the best estimate within a range of potential losses.

In addition, both CTX Mortgage and Pulte Mortgage sold certain loans originated prior to 2009 to financial institutions for inclusion in residential mortgage-backed securities or other securitizations issued by such financial institutions. In connection with such sales, CTX Mortgage and Pulte Mortgage have been put on notice of potential direct and / or third-party claims for indemnification arising out of litigation relating to certain of these residential mortgage-backed securities or other securitizations. Neither CTX Mortgage nor Pulte Mortgage is named as a defendant in these actions. We cannot yet quantify CTX Mortgage's or Pulte Mortgage's potential liability as a result of these indemnification obligations. We do not believe, however, that these matters will have a material adverse impact on the results of operations, financial position, or cash flows of the Company.

Estimating the required liability for these potential losses requires a significant level of management judgment. During 2018, we increased our loan origination liabilities by $16.1 million based on settlements or probable settlements of a number of claims related to loans originated by CTX Mortgage prior to 2009. Reserves provided (released) are reflected in Financial Services expenses. Changes in these liabilities were as follows ($000's omitted):

71

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


 
 
2018
 
2017
 
2016
Liabilities, beginning of period
$
34,641

 
$
35,114

 
$
46,381

Reserves provided (released), net
16,130

 
(50
)
 
506

Payments
(489
)
 
(423
)
 
(11,773
)
Liabilities, end of period
$
50,282

 
$
34,641

 
$
35,114

Given the unsettled litigation, changes in values of underlying collateral over time, unpredictable factors inherent in litigation, and other uncertainties regarding the ultimate resolution of these claims, actual costs could differ from our current estimates.

Community development and other special district obligations

A community development district or similar development authority (“CDD”) is a unit of local government created under various state statutes that utilizes the proceeds from the sale of bonds to finance the construction or acquisition of infrastructure assets of a development. A portion of the liability associated with the bonds, including principal and interest, is assigned to each parcel of land within the development. This debt is typically paid by subsequent special assessments levied by the CDD on the landowners. Generally, we are only responsible for paying the special assessments for the period during which we are the landowner of the applicable parcels.

Letters of credit and surety bonds

In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling $239.4 million and $1.3 billion, respectively, at December 31, 2018, and $235.5 million and $1.2 billion, respectively, at December 31, 2017. In the event any such letter of credit or surety bonds is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to the applicable projects but has not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.

Litigation and regulatory matters

We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.

We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant. During 2016, we settled a contract dispute related to a land transaction that we terminated over ten years ago in response to a collapse in housing demand. As a result of the settlement, we recorded a charge of $15.0 million, which is reflected in other expense, net.


72

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


Allowance for warranties

Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to (and in limited instances exceeding) 10 years. We estimate the costs to be incurred under these warranties and record liabilities in the amount of such costs at the time product revenue is recognized. Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the projected cost of claims. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates.

Changes to warranty liabilities were as follows ($000’s omitted):
 
 
2018
 
2017
 
2016
Warranty liabilities, beginning of period
$
72,709

 
$
66,134

 
$
61,179

Reserves provided
65,567

 
50,014

 
67,169

Payments
(64,525
)
 
(58,780
)
 
(55,892
)
Other adjustments (a)
5,403

 
15,341

 
(6,322
)
Warranty liabilities, end of period
$
79,154

 
$
72,709

 
$
66,134



(a)
Includes a charge of $12.4 million in 2017 related to estimated costs to complete repairs in a closed-out community in Florida.

Self-insured risks

We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits.
 
Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, windows, roofing, and foundations. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require companies to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by the captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant.

At any point in time, we are managing over 1,000 individual claims related to general liability, property, errors and omission, workers compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.

Our recorded reserves for all such claims totaled $737.0 million and $758.8 million at December 31, 2018 and 2017, respectively, the vast majority of which relate to general liability claims. The recorded reserves include loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately 65% of the total general liability reserves at December 31, 2018 and 2017. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and

73

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses.

Housing market conditions have been volatile across most of our markets over the past fifteen years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs.

Adjustments to reserves are recorded in the period in which the change in estimate occurs. During 2018, 2017, and 2016, we reduced reserves, primarily general liability reserves, by $35.9 million, $97.8 million, and $57.1 million respectively, as a result of changes in estimates resulting from actual claim experience observed being less than anticipated in previous actuarial projections. The changes in actuarial estimates were driven by changes in actual claims experience that, in turn, impacted actuarial estimates for potential future claims. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities. Costs associated with our insurance programs are classified within selling, general, and administrative expenses.
 

Changes in these liabilities were as follows ($000's omitted):
 
2018
 
2017
 
2016
Balance, beginning of period
$
758,812

 
$
831,058

 
$
924,563

Reserves provided
93,156

 
98,176

 
97,916

Adjustments to previously recorded reserves (a)
(35,873
)
 
(97,789
)
 
(57,132
)
Payments, net (a)
(79,082
)
 
(72,633
)
 
(134,289
)
Balance, end of period
$
737,013

 
$
758,812

 
$
831,058



(a)
Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded to other assets (see below).

In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. As reflected in Note 10, our receivables from insurance carriers totaled $153.0 million and $213.4 million at December 31, 2018 and 2017, respectively. The insurance receivables relate to costs incurred or to be incurred to perform corrective repairs, settle claims with customers, and other costs related to the continued progression of both known and anticipated future construction defect claims that we believe to be insured related to previously closed homes. Given the complexity inherent with resolving construction defect claims in the homebuilding industry as described above, there generally exists a significant lag between our payment of claims and our reimbursements from applicable insurance carriers. In addition, disputes between homebuilders and carriers over coverage positions relating to construction defect claims are common. Resolution of claims with carriers involves the exchange of significant amounts of information and frequently involves legal action.

The majority of the decrease in our insurance receivables during 2018 resulted from cash received from our insurance carriers. However, in 2017, we recorded write-offs of $29.6 million associated with the resolution of various matters and are currently the plaintiff in an arbitration proceeding with one of our insurance carriers in regard to $25.0 million of recorded insurance receivables relating to the applicability of coverage to such costs under its policy. We believe collection of our recorded insurance receivables is probable based on the legal merits of our positions after review by legal counsel, the high credit ratings of our carriers, and our long history of collecting significant amounts of insurance reimbursements under similar insurance policies related to similar claims. While the outcomes of these matters cannot be predicted with certainty, we do not

74

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows.

12. Supplemental Guarantor information

All of our senior notes are guaranteed jointly and severally on a senior basis by certain of our wholly-owned Homebuilding subsidiaries and certain other wholly-owned subsidiaries (collectively, the “Guarantors”). Such guaranties are full and unconditional. Our subsidiaries comprising the Financial Services segment along with certain other subsidiaries (collectively, the "Non-Guarantor Subsidiaries") do not guarantee the senior notes. In accordance with Rule 3-10 of Regulation S-X, supplemental consolidating financial information of the Company, including such information for the Guarantors, is presented below. Investments in subsidiaries are presented using the equity method of accounting.


CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2018
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
—

 
$
906,961

 
$
203,127

 
$
—

 
$
1,110,088

Restricted cash
—

 
22,406

 
1,206

 
—

 
23,612

Total cash, cash equivalents, and
       restricted cash
—

 
929,367

 
204,333

 
—

 
1,133,700

House and land inventory
—

 
7,157,665

 
95,688

 
—

 
7,253,353

Land held for sale
—

 
36,849

 
—

 
—

 
36,849

Residential mortgage loans available-
       for-sale
—

 
—

 
461,354

 
—

 
461,354

Investments in unconsolidated entities
—

 
54,045

 
545

 
—

 
54,590

Other assets
66,154

 
579,452

 
184,753

 
—

 
830,359

Intangible assets
—

 
127,192

 
—

 
—

 
127,192

Deferred tax assets, net
282,874

 
—

 
(7,295
)
 
—

 
275,579

Investments in subsidiaries and
       intercompany accounts, net
7,557,245

 
500,138

 
8,231,342

 
(16,288,725
)
 
—

 
$
7,906,273

 
$
9,384,708

 
$
9,170,720

 
$
(16,288,725
)
 
$
10,172,976

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
90,158

 
$
1,598,265

 
$
278,713

 
$
—

 
$
1,967,136

Income tax liabilities
11,580

 
—

 
—

 
—

 
11,580

Financial Services debt
—

 
—

 
348,412

 
—

 
348,412

Notes payable

2,986,753

 
40,776

 
537

 
—

 
3,028,066

Total liabilities
3,088,491

 
1,639,041

 
627,662

 
—

 
5,355,194

Total shareholders’ equity
4,817,782

 
7,745,667

 
8,543,058

 
(16,288,725
)
 
4,817,782

 
$
7,906,273

 
$
9,384,708

 
$
9,170,720

 
$
(16,288,725
)
 
$
10,172,976


75

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2017
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 

 

 
 
 
 
Cash and equivalents
$
—

 
$
125,462

 
$
147,221

 
$
—

 
$
272,683

Restricted cash
—

 
32,339

 
1,146

 
—

 
33,485

Total cash, cash equivalents, and
       restricted cash
—

 
157,801

 
148,367

 
—

 
306,168

House and land inventory
—

 
7,053,087

 
94,043

 
—

 
7,147,130

Land held for sale
—

 
68,384

 
—

 
—

 
68,384

Residential mortgage loans available-
       for-sale
—

 
—

 
570,600

 
—

 
570,600

Investments in unconsolidated entities
—

 
62,415

 
542

 
—

 
62,957

Other assets
9,417

 
592,045

 
143,661

 
—

 
745,123

Intangible assets
—

 
140,992

 
—

 
—

 
140,992

Deferred tax assets, net
646,227

 
—

 
(932
)
 
—

 
645,295

Investments in subsidiaries and
       intercompany accounts, net
6,661,638

 
284,983

 
7,300,127

 
(14,246,748
)
 
—

 
$
7,317,282

 
$
8,359,707

 
$
8,256,408

 
$
(14,246,748
)
 
$
9,686,649

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
89,388

 
$
1,636,913

 
$
274,626

 
$
—

 
$
2,000,927

Income tax liabilities
86,925

 
—

 
—

 
—

 
86,925

Financial Services debt
—

 
—

 
437,804

 
—

 
437,804

Notes payable
2,986,943

 
16,911

 
3,113

 
—

 
3,006,967

Total liabilities
3,163,256

 
1,653,824

 
715,543

 
—

 
5,532,623

Total shareholders’ equity
4,154,026

 
6,705,883

 
7,540,865

 
(14,246,748
)
 
4,154,026

 
$
7,317,282

 
$
8,359,707

 
$
8,256,408

 
$
(14,246,748
)
 
$
9,686,649



76

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
9,694,703

 
$
123,742

 
$
—

 
$
9,818,445

Land sale and other revenues
—

 
162,012

 
2,492

 
—

 
164,504

 
—

 
9,856,715

 
126,234

 
—

 
9,982,949

Financial Services
—

 
—

 
205,382

 
—

 
205,382

 
—

 
9,856,715

 
331,616

 
—

 
10,188,331

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(7,449,343
)
 
(91,594
)
 
—

 
(7,540,937
)
Land sale cost of revenues
—

 
(125,016
)
 
(1,544
)
 
—

 
(126,560
)
 
—

 
(7,574,359
)
 
(93,138
)
 
—

 
(7,667,497
)
Financial Services expenses
—

 
(563
)
 
(146,859
)
 
—

 
(147,422
)
Selling, general, and administrative
       expenses
—

 
(974,858
)
 
(37,165
)
 
—

 
(1,012,023
)
Other expense, net
(580
)
 
(53,765
)
 
40,496

 
—

 
(13,849
)
Intercompany interest
(7,835
)
 
—

 
7,835

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(8,415
)
 
1,253,170

 
102,785

 
—

 
1,347,540

Income tax (expense) benefit
2,104

 
(304,218
)
 
(23,403
)
 
—

 
(325,517
)
Income (loss) before equity in income
       (loss) of subsidiaries
(6,311
)
 
948,952

 
79,382

 
—

 
1,022,023

Equity in income (loss) of subsidiaries
1,028,334

 
73,097

 
782,948

 
(1,884,379
)
 
—

Net income (loss)
1,022,023

 
1,022,049

 
862,330

 
(1,884,379
)
 
1,022,023

Other comprehensive income (loss)
100

 
—

 
—

 
—

 
100

Comprehensive income (loss)
$
1,022,123

 
$
1,022,049

 
$
862,330

 
$
(1,884,379
)
 
$
1,022,123



77

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
8,229,392

 
$
94,592

 
$
—

 
$
8,323,984

Land sale and other revenues
—

 
57,711

 
3,831

 
—

 
61,542

 
—

 
8,287,103

 
98,423

 
—

 
8,385,526

Financial Services
—

 
—

 
192,160

 
—

 
192,160

 
—

 
8,287,103

 
290,583

 
—

 
8,577,686

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(6,385,167
)
 
(75,985
)
 
—

 
(6,461,152
)
Land sale cost of revenues
—

 
(131,363
)
 
(3,086
)
 
—

 
(134,449
)
 
—

 
(6,516,530
)
 
(79,071
)
 
—

 
(6,595,601
)
Financial Services expenses
—

 
(527
)
 
(118,762
)
 
—

 
(119,289
)
Selling, general, and administrative
       expenses
—

 
(785,266
)
 
(106,315
)
 
—

 
(891,581
)
Other expense, net
(482
)
 
(63,050
)
 
31,145

 
—

 
(32,387
)
Intercompany interest
(2,485
)
 
—

 
2,485

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(2,967
)
 
921,730

 
20,065

 
—

 
938,828

Income tax (expense) benefit
1,127

 
(483,435
)
 
(9,299
)
 
—

 
(491,607
)
Income (loss) before equity in income
       (loss) of subsidiaries
(1,840
)
 
438,295

 
10,766

 
—

 
447,221

Equity in income (loss) of subsidiaries
449,061

 
58,559

 
226,864

 
(734,484
)
 
—

Net income (loss)
447,221

 
496,854

 
237,630

 
(734,484
)
 
447,221

Other comprehensive income (loss)
81

 
—

 
—

 
—

 
81

Comprehensive income (loss)
$
447,302

 
$
496,854

 
$
237,630

 
$
(734,484
)
 
$
447,302


78

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2016
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
7,427,757

 
$
23,558

 
$
—

 
$
7,451,315

Land sale and other revenues
—

 
41,642

 
2,447

 
—

 
44,089

 
—

 
7,469,399

 
26,005

 
—

 
7,495,404

Financial Services
—

 
—

 
181,126

 
—

 
181,126

 
—

 
7,469,399

 
207,131

 
—

 
7,676,530

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(5,566,653
)
 
(21,321
)
 
—

 
(5,587,974
)
Land sale cost of revenues
—

 
(30,156
)
 
(1,959
)
 
—

 
(32,115
)
 
—

 
(5,596,809
)
 
(23,280
)
 
—

 
(5,620,089
)
Financial Services expenses
—

 
(533
)
 
(108,040
)
 
—

 
(108,573
)
Selling, general, and administrative
       expenses
—

 
(907,748
)
 
(49,402
)
 
—

 
(957,150
)
Other expense, net
(1,321
)
 
(77,389
)
 
21,842

 
—

 
(56,868
)
Intercompany interest
(1,980
)
 
—

 
1,980

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(3,301
)
 
886,920

 
50,231

 
—

 
933,850

Income tax (expense) benefit
1,254

 
(312,486
)
 
(19,915
)
 
—

 
(331,147
)
Income (loss) before equity in income
       (loss) of subsidiaries
(2,047
)
 
574,434

 
30,316

 
—

 
602,703

Equity in income (loss) of subsidiaries
604,750

 
58,078

 
457,716

 
(1,120,544
)
 
—

Net income (loss)
602,703

 
632,512

 
488,032

 
(1,120,544
)
 
602,703

Other comprehensive income (loss)
83

 
—

 
—

 
—

 
83

Comprehensive income (loss)
$
602,786

 
$
632,512

 
$
488,032

 
$
(1,120,544
)
 
$
602,786



79

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
494,518

 
$
791,350

 
$
163,876

 
$
—

 
$
1,449,744

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(51,147
)
 
(7,892
)
 
—

 
(59,039
)
Investment in unconsolidated subsidiaries
—

 
(1,000
)
 
—

 
—

 
(1,000
)
Other investing activities, net
—

 
11,300

 
6,797

 
—

 
18,097

Net cash provided by (used in) investing
   activities
—

 
(40,847
)
 
(1,095
)
 
—

 
(41,942
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from debt, net of issuance costs
(8,164
)
 
—

 
—

 
—

 
(8,164
)
Repayments of debt
—

 
(81,758
)
 
(1,017
)
 
—

 
(82,775
)
Borrowings under revolving credit facility
1,566,000

 
—

 
—

 
—

 
1,566,000

Repayments under revolving credit facility
(1,566,000
)
 
—

 
—

 
—

 
(1,566,000
)
Financial Services borrowings
     (repayments), net
—

 
—

 
(89,393
)
 
—

 
(89,393
)
Stock option exercises
6,555

 
—

 
—

 
—

 
6,555

Share repurchases
(302,473
)
 
—

 
—

 
—

 
(302,473
)
Dividends paid
(104,020
)
 
—

 
—

 
—

 
(104,020
)
Intercompany activities, net
(86,416
)
 
102,821

 
(16,405
)
 
—

 
—

Net cash provided by (used in)
   financing activities
(494,518
)
 
21,063

 
(106,815
)
 
—

 
(580,270
)
Net increase (decrease)
—

 
771,566

 
55,966

 
—

 
827,532

Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
157,801

 
148,367

 
—

 
306,168

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
929,367

 
$
204,333

 
$
—

 
$
1,133,700



80

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
309,757

 
$
328,163

 
$
25,157

 
$
—

 
$
663,077

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(25,432
)
 
(6,619
)
 
—

 
(32,051
)
Investment in unconsolidated subsidiaries
—

 
(23,037
)
 
—

 
—

 
(23,037
)
Other investing activities, net
—

 
5,778

 
(932
)
 
—

 
4,846

Net cash provided by (used in) investing
   activities
—

 
(42,691
)
 
(7,551
)
 
—

 
(50,242
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from debt, net of issuance costs
—

 
—

 
—

 
—

 
—

Repayments of debt
(123,000
)
 
(10,301
)
 
(1,446
)
 
—

 
(134,747
)
Borrowings under revolving credit facility
2,720,000

 
—

 
—

 
—

 
2,720,000

Repayments under revolving credit facility
(2,720,000
)
 
—

 
—

 
—

 
(2,720,000
)
Financial Services borrowings
     (repayments), net
—

 
—

 
106,183

 
—

 
106,183

Stock option exercises
27,720

 
—

 
—

 
—

 
27,720

Share repurchases
(916,323
)
 
—

 
—

 
—

 
(916,323
)
Dividends paid
(112,748
)
 
—

 
—

 
—

 
(112,748
)
Intercompany activities, net
814,594

 
(728,555
)
 
(86,039
)
 
—

 
—

Net cash provided by (used in)
   financing activities
(309,757
)
 
(738,856
)
 
18,698

 
—

 
(1,029,915
)
Net increase (decrease)
—

 
(453,384
)
 
36,304

 
—

 
(417,080
)
Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
611,185

 
112,063

 
—

 
723,248

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
157,801

 
$
148,367

 
$
—

 
$
306,168


81

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2016
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
256,722

 
$
(102,054
)
 
$
(86,398
)
 
$
—

 
$
68,270

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(36,297
)
 
(2,998
)
 
—

 
(39,295
)
Investment in unconsolidated subsidiaries
—

 
(14,539
)
 
—

 
—

 
(14,539
)
Cash used for business acquisitions
—

 
(430,458
)
 
—

 
—

 
(430,458
)
Other investing activities, net
—

 
11,189

 
1,911

 
—

 
13,100

Net cash provided by (used in)
   investing activities
—

 
(470,105
)
 
(1,087
)
 
—

 
(471,192
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings (repayments)
—

 
—

 
63,744

 
—

 
63,744

Proceeds from debt, net of issuance costs
1,991,937

 
4,000

 
—

 
—

 
1,995,937

Repayments of debt
(965,245
)
 
(21,235
)
 
(439
)
 
—

 
(986,919
)
Borrowings under revolving credit facility
619,000

 
—

 
—

 
—

 
619,000

Repayments under revolving credit facility
(619,000
)
 
—

 
—

 
—

 
(619,000
)
Stock option exercises
5,845

 
—

 
—

 
—

 
5,845

Share repurchases
(603,206
)
 
—

 
—

 
—

 
(603,206
)
Dividends paid
(124,666
)
 
—

 
—

 
—

 
(124,666
)
Intercompany activities, net
(561,387
)
 
541,703

 
19,684

 
—

 
—

Net cash provided by (used in)
   financing activities
(256,722
)
 
524,468

 
82,989

 
—

 
350,735

Net increase (decrease)
—

 
(47,691
)
 
(4,496
)
 
—

 
(52,187
)
Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
658,876

 
116,559

 
—

 
775,435

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
611,185

 
$
112,063

 
$
—

 
$
723,248




82

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


13. Quarterly results (unaudited)
UNAUDITED QUARTERLY INFORMATION
(000’s omitted, except per share data)
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Total (a)
2018
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
1,924,155

 
$
2,516,958

 
$
2,597,746

 
$
2,944,091

 
$
9,982,949

Cost of revenues (b)
(1,471,488
)
 
(1,900,316
)
 
(1,976,220
)
 
(2,319,473
)
 
(7,667,497
)
Income before income taxes (c)
210,358

 
388,453

 
365,055

 
324,938

 
1,288,804

Financial Services:
 
 
 
 
 
 
 
 
 
Revenues
$
45,938

 
$
52,764

 
$
51,620

 
$
55,059

 
$
205,382

Income before income taxes (d)
13,833

 
20,717

 
19,633

 
4,553

 
58,736

Consolidated results:
 
 
 
 
 
 
 
 
 
Revenues
$
1,970,093

 
$
2,569,722

 
$
2,649,366

 
$
2,999,150

 
$
10,188,331

Income before income taxes
224,191

 
409,170

 
384,688

 
329,491

 
1,347,540

Income tax expense
(53,440
)
 
(85,081
)
 
(95,153
)
 
(91,842
)
 
(325,517
)
Net income
$
170,751

 
$
324,089

 
$
289,535

 
$
237,649

 
$
1,022,023

Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.59

 
$
1.12

 
$
1.01

 
$
0.84

 
$
3.56

Diluted
$
0.59

 
$
1.12

 
$
1.01

 
$
0.84

 
$
3.55

Number of shares used in calculation:
 
 
 
 
 
 
 
 
 
Basic
286,683

 
285,276

 
283,489

 
278,964

 
283,578

Effect of dilutive securities
1,343

 
1,378

 
1,183

 
1,248

 
1,287

Diluted
288,026

 
286,654

 
284,672

 
280,212

 
284,865


(a)
Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
(b)
Cost of revenues includes land inventory impairments of $66.9 million and net realizable value adjustments on land held for sale of $9.0 million in the 4th Quarter. See Note 2 for a more complete discussion of land-related charges for the full year.
(c)
Homebuilding income before income taxes includes an insurance reserve reversal of $37.9 million in the 2nd Quarter (see Note 11) and write-offs of pre-acquisition costs of $9.6 million in the 4th Quarter (See Note 2).
(d)
Financial Services income before income taxes includes a charge related to loan origination liabilities of $16.2 million in the 4th Quarter (see Note 11).


83

PULTEGROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)


UNAUDITED QUARTERLY INFORMATION
(000’s omitted, except per share data)
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Total (a)
2017
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
1,588,111

 
$
1,974,584

 
$
2,084,106

 
$
2,738,724

 
$
8,385,526

Cost of revenues (b)
(1,220,906
)
 
(1,637,536
)
 
(1,589,728
)
 
(2,147,431
)
 
(6,595,601
)
Income before income taxes (c)
125,762

 
103,599

 
250,463

 
385,508

 
865,332

Financial Services:
 
 
 
 
 
 
 
 
 
Revenues
$
41,767

 
$
47,275

 
$
46,952

 
$
56,166

 
$
192,160

Income before income taxes
13,503

 
18,948

 
17,786

 
23,259

 
73,496

Consolidated results:
 
 
 
 
 
 
 
 
 
Revenues
$
1,629,878

 
$
2,021,859

 
$
2,131,058

 
$
2,794,890

 
$
8,577,686

Income before income taxes
139,265

 
122,547

 
268,249

 
408,767

 
938,828

Income tax expense
(47,747
)
 
(21,798
)
 
(90,710
)
 
(331,352
)
 
(491,607
)
Net income
$
91,518

 
$
100,749

 
$
177,539

 
$
77,415

 
$
447,221

Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.29

 
$
0.32

 
$
0.59

 
$
0.26

 
$
1.45

Diluted
$
0.28

 
$
0.32

 
$
0.58

 
$
0.26

 
$
1.44

Number of shares used in calculation:
 
 
 
 
 
 
 
 
 
Basic
317,756

 
312,315

 
298,538

 
292,174

 
305,089

Effect of dilutive securities
2,329

 
1,565

 
1,690

 
1,318

 
1,725

Diluted
320,085

 
313,880

 
300,228

 
293,492

 
306,814


(a)
Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
(b)
Cost of revenues includes land inventory impairments of $31.5 million and $57.5 million in the 2nd and 4th Quarters, respectively (see Note 2); net realizable value adjustments on land held for sale of $81.0 million in the 2nd Quarter (see Note 2); and a warranty charge of $12.4 million related to a closed-out community in the 2nd Quarter (see Note 11).
(c)
Homebuilding income before income taxes includes an $8.0 million impairment of an investment in an unconsolidated entity in the 2nd Quarter (see Note 2); write-offs of insurance receivables of $15.0 million, $5.3 million, and $9.3 million for the 1st, 3rd, and 4th Quarters, respectively (see Note 11); and insurance reserve reversals of $19.8 million and $75.3 million in the 2nd and 4th Quarters, respectively (see Note 11).




84


Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of PulteGroup, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of PulteGroup, Inc. (the Company) as of December 31, 2018 and 2017, and the related consolidated statements of operations, comprehensive income, shareholders’ equity and cash flows for each of the three years in the period ended December 31, 2018, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2018 and 2017, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2018, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 Framework) and our report dated January 31, 2019 expressed an unqualified opinion thereon.

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.


/s/ Ernst & Young LLP

We have served as the Company’s auditor since 1973.

Atlanta, Georgia
January 31, 2019


85


ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

This Item is not applicable.

ITEM 9A.
CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Management, including our President and Chief Executive Officer and Executive Vice President and Chief Financial Officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2018. Based upon, and as of the date of that evaluation, our President and Chief Executive Officer and Executive Vice President and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of December 31, 2018.

Internal Control Over Financial Reporting

(a)
Management’s Annual Report on Internal Control Over Financial Reporting

Management is responsible for the preparation and fair presentation of the consolidated financial statements included in this annual report. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles and reflect management’s judgments and estimates concerning events and transactions that are accounted for or disclosed.

Management is also responsible for establishing and maintaining effective internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). Management recognizes that there are inherent limitations in the effectiveness of any internal control and effective internal control over financial reporting can provide only reasonable assurance with respect to financial statement preparation. Additionally, because of changes in conditions, the effectiveness of internal control over financial reporting may vary over time.

In order to ensure that the Company’s internal control over financial reporting is effective, management regularly assesses such controls and did so most recently for its financial reporting as of December 31, 2018. Management’s assessment was based on criteria for effective internal control over financial reporting described in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 Framework). Based on this assessment, management asserts that the Company has maintained effective internal control over financial reporting as of December 31, 2018.

Ernst & Young LLP, the independent registered public accounting firm that audited the Company’s consolidated financial statements included in this annual report, has issued its report on the effectiveness of the Company’s internal control over financial reporting as of December 31, 2018.

86


(b)
Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of PulteGroup, Inc.

Opinion on Internal Control over Financial Reporting

We have audited PulteGroup, Inc.’s internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control- Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria). In our opinion, PulteGroup, Inc. (the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, 2018, based on the COSO criteria.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2018 and 2017, the related consolidated statements of operations, comprehensive income, shareholders’ equity and cash flows for each of the three years in the period ended December 31, 2018, and the related notes and our report dated January 31, 2019 expressed an unqualified opinion thereon.

Basis for Opinion

The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects.

Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

Definition and Limitations of Internal Control Over Financial Reporting

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ Ernst & Young LLP

Atlanta, Georgia
January 31, 2019



87



(c)
Changes in Internal Control Over Financial Reporting

There has been no change in our internal control over financial reporting during the quarter ended December 31, 2018 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

ITEM 9B.
OTHER INFORMATION

This Item is not applicable.
PART III

ITEM 10.
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Information required by this Item with respect to our executive officers is set forth in Item 4A of this Annual Report on Form 10-K. Information required by this Item with respect to members of our Board of Directors and with respect to our audit committee will be contained in the Proxy Statement for the 2019 Annual Meeting of Shareholders (“2019 Proxy Statement”), which will be filed no later than 120 days after December 31, 2018, under the captions “Election of Directors” and “Committees of the Board of Directors - Audit Committee” and in the chart disclosing Audit Committee membership and is incorporated herein by this reference. Information required by this Item with respect to compliance with Section 16(a) of the Securities Exchange Act of 1934 will be contained in the 2019 Proxy Statement under the caption “Beneficial Security Ownership - Section 16(a) Beneficial Ownership Reporting Compliance,” and is incorporated herein by this reference. Information required by this Item with respect to our code of ethics will be contained in the 2019 Proxy Statement under the caption “Corporate Governance - Governance Guidelines; Code of Ethical Business Conduct; Code of Ethics” and is incorporated herein by this reference.

Our code of ethics for principal officers, our code of ethical business conduct, our corporate governance guidelines, and the charters of the Audit, Compensation and Management Development, Nominating and Governance, and Finance and Investment committees of our Board of Directors are also posted on our website and are available in print, free of charge, upon request.

ITEM 11.
EXECUTIVE COMPENSATION

Information required by this Item will be contained in the 2019 Proxy Statement under the captions “2018 Executive Compensation” and “2018 Director Compensation” and is incorporated herein by this reference, provided that the Compensation and Management Development Committee Report shall not be deemed to be “filed” with this Annual Report on Form 10-K.

ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLER MATTERS

Information required by this Item will be contained in the 2019 Proxy Statement under the captions “Beneficial Security Ownership” and “Equity Compensation Plan Information” and is incorporated herein by this reference.

ITEM 13.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

Information required by this Item will be contained in the 2019 Proxy Statement under the captions “Certain Relationships and Related Transactions” and “Board of Directors Information” and is incorporated herein by this reference.

ITEM 14.
PRINCIPAL ACCOUNTANT FEES AND SERVICES

Information required by this Item will be contained in the 2019 Proxy Statement under the captions “Audit and Non-Audit Fees” and “Audit Committee Preapproval Policies” and is incorporated herein by reference.

88


PART IV

ITEM 15.  
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
 (a)
The following documents are filed as part of this Annual Report on Form 10-K:
(1)    Financial Statements
 
(2)
Financial Statement Schedules
All schedules are omitted because the required information is not present, is not present in amounts sufficient to require submission of the schedule, or because the required information is included in the financial statements or notes thereto.
(3)
Exhibits
The following exhibits are filed with this Annual Report on Form 10-K or are incorporated herein by reference:
Exhibit Number and Description
(3)
 
(a)
 
 
 
 
 
 
 
 
(b)
 
 
 
 
 
 
 
 
(c)
 
 
 
 
 
 
 
 
(d)
 
 
 
 
 
 
 
 
(e)
 
 
 
 
 
 
(4)
 
(a)
 
Any instrument with respect to long-term debt, where the securities authorized thereunder do not exceed 10% of the total assets of PulteGroup, Inc. and its subsidiaries, has not been filed. The Company agrees to furnish a copy of such instruments to the SEC upon request.
 
 
 
 
 
 
 
(b)
 
 
 
 
 
 
 
 
(c)
 
 
 
 
 
 
 
 
(d)
 

89


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(10)
 
(a)
 
 
 
 
 
 
 
 
(b)
 
 
 
 
 
 
 
 
(c)
 
 
 
 
 
 
 
 
(d)
 
 
 
 
 
 
 
 
(e)
 
 
 
 
 
 
 
 
(f)
 
 
 
 
 
 
 
 
(g)
 
 
 
 
 
 
 
 
(h)
 
 
 
 
 
 
 
 
(i)
 
 
 
 
 
 
 
 
(j)
 
 
 
 
 
 
 
 
(k)
 
 
 
 
 
 
 
 
(l)
 
 
 
 
 
 
 
 
(m)
 
 
 
 
 
 
 
 
(n)
 
 
 
 
 
 
 
 
(o)
 
 
 
 
 
 
 
 
(p)
  
 
 
 
 
 
 
 
(q)
  
 
 
 
 
 
 
 
(r)
  
 
 
 
 
 

90


 
 
(s)
  
 
 
 
 
 
 
 
(t)
 
 
 
 
 
 
 
 
(u)
  
 
 
 
 
 
 
 
(v)
 

 
 
 
 
 
 
 
(w)
 
 
 
 
 
 
 
 
(x)
 
 
 
 
 
 
 
 
(y)
 
 
 
 
 
 
 
 
(z)
 
 
 
 
 
 
 
 
(aa)
 
 
 
 
 
 
 
 
(ab)
 
 
 
 
 
 
 
 
(ac)
 
 
 
 
 
 
 
 
(ad)
 
 
 
 
 
 
(21)
 
 
 
 
 
 
 
 
(23)
 
 
 
 
 
 
 
 
(24)
 
 
 
 
 
 
 
 
(31)
 
(a)
 
 
 
 
 
 
 
 
(b)
 
 
 
 
 
 
(32)
 
 
 
 
 
 
 
 
101.INS
 
 
 
XBRL Instance Document
 
 
 
 
 
101.SCH
 
 
 
XBRL Taxonomy Extension Schema Document
 
 
 
 
 
101.CAL
 
 
 
XBRL Taxonomy Extension Calculation Linkbase Document
 
 
 
 
 
101.DEF
 
 
 
XBRL Taxonomy Extension Definition Linkbase Document
 
 
 
 
 

91


101.LAB
 
 
 
XBRL Taxonomy Extension Label Linkbase Document
 
 
 
 
 
101.PRE
 
 
 
XBRL Taxonomy Extension Presentation Linkbase Document
* Indicates a management contract or compensatory plan or arrangement


ITEM 16.    FORM 10-K SUMMARY

None.


92



SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
PULTEGROUP, INC.
(Registrant)
 
January 31, 2019
By: 
 
/s/ Robert T. O'Shaughnessy
 
 
 
Robert T. O'Shaughnessy
 
 
 
Executive Vice President and Chief Financial Officer
 
 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the date indicated:
 
 
January 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
/s/ Ryan R. Marshall
 
 
/s/ Robert T. O'Shaughnessy
 
 
/s/ James L. Ossowski
 
Ryan R. Marshall

 
 
Robert T. O'Shaughnessy
 
 
James L. Ossowski
 
President and Chief Executive Officer
(Principal Executive Officer) and Member of Board of Directors
 
 
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
 
 
Senior Vice President, Finance
(Principal Accounting Officer)
 
 
 
 
 
 
 
 
 
 
Brian P. Anderson
 
 
Member of Board of Directors
}
 
 
 
 
 
 
 
 
 
 
 
Bryce Blair
 
 
Non-Executive Chairman of Board of Directors
}
 
 
 
 
 
 
 
 
 
 
 
Richard W. Dreiling
 
 
Member of Board of Directors
}
 
 
 
 
 
 
 
 
 
 
 
Thomas J. Folliard
 
 
Member of Board of Directors
}
 
/s/ Robert T. O'Shaughnessy
 
 
 
 
 
 
 
 
Cheryl W. Grisé
 
 
Member of Board of Directors
}
 
Robert T. O'Shaughnessy
 
 
 
 
 
 
 
 
 
André J. Hawaux
 
 
Member of Board of Directors
}
 
Executive Vice President and
Chief Financial Officer
 
 
 
 
 
 
 
 
John R. Peshkin
 
 
Member of Board of Directors
}
 
 
 
 
 
 
 
 
 
 
Scott F. Powers
 
 
Member of Board of Directors
}
 
 
 
 
 
 
 
 
 
 
 
William J. Pulte
 
 
Member of Board of Directors
}
 
 
 
 
 
 
 
 
 
 
 
Lila Snyder
 
 
Member of Board of Directors
}
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


93
 EX-21 2 exhibit21-subsidiaryli.htm EXHIBIT 21 SUBSIDIARY LISTING Exhibit


EXHIBIT 21

SUBSIDIARIES OF PULTEGROUP, INC.
As of December 31, 2018

Company Name
 
Jurisdiction of Formation
Centex LLC
 
Nevada
Centex Construction Of New Mexico, LLC
 
Delaware
Centex Development Company, L.P.
 
Delaware
Centex Homes
 
Nevada
Centex Homes, LLC
 
Delaware
Centex International II, LLC
 
Nevada
Centex Real Estate Company, LLC
 
Nevada
Contractors Insurance Company of North America, Inc., a Risk Retention Group
 
Hawaii
Dean Realty Company
 
Michigan
Del Webb California Corp.
 
Arizona
Del Webb Communities, Inc.
 
Arizona
Del Webb Communities of Illinois, Inc.
 
Arizona
Del Webb Corporation
 
Delaware
Del Webb Home Construction, Inc.
 
Arizona
Del Webb Texas Limited Partnership
 
Arizona
Del Webb's Coventry Homes, Inc.
 
Arizona
Del Webb's Spruce Creek Communities, Inc.
 
Arizona
DiVosta Building, LLC
 
Michigan
DiVosta Homes, L.P.
 
Delaware
DiVosta Homes Holdings, LLC
 
Delaware
DW Homebuilding Co.
 
Arizona
Nomas LLC
 
Nevada
North American Builders Indemnity Company
 
Hawaii
PH 19 Corporation
 
Michigan
PH 43 LLC
 
Michigan
PH 55 LLC
 
Michigan
PH Relocation Services LLC
 
Michigan
PH1 Corporation
 
Michigan
PHNE Business Trust
 
Massachusetts
PN II, Inc.
 
Nevada
Potomac Yard Development LLC
 
Delaware
Preserve II, Inc.
 
Michigan
Pulte Arizona Services, Inc.
 
Michigan
Pulte Development Corporation
 
Michigan
Pulte Development New Mexico, Inc.
 
Michigan
Pulte Diversified Company, LLC
 
Michigan
Pulte Home Company, LLC
 
Michigan
Pulte Home Corporation of The Delaware Valley
 
Michigan
Pulte Homes of California, Inc.
 
Delaware
Pulte Homes of Indiana, LLC
 
Indiana
Pulte Homes of Michigan LLC
 
Michigan
Pulte Homes of Minnesota LLC
 
Minnesota
Pulte Homes of New England LLC
 
Michigan
Pulte Homes of New Mexico, Inc.
 
Michigan
Pulte Homes of New York LLC
 
Delaware
Pulte Homes of NJ, Limited Partnership
 
Michigan
Pulte Homes of Ohio LLC
 
Michigan



Pulte Homes of PA, Limited Partnership
 
Michigan
Pulte Homes of Texas, L.P.
 
Texas
Pulte Homes of Washington, Inc.
 
Michigan
Pulte Homes Tennessee Limited Partnership
 
Nevada
Pulte Interiors, LLC
 
Michigan
Pulte Land Company, LLC
 
Michigan
Pulte Mortgage LLC
 
Delaware
Pulte Nevada I LLC
 
Delaware
Pulte Payroll Corporation
 
Michigan
Pulte Purchasing Corporation
 
Michigan
Pulte Realty Holding Company, LLC
 
Michigan
Pulte Realty Limited Partnership
 
Michigan
Pulte Texas Holdings, LLC
 
Michigan
Pulte/BP Murrieta Hills, LLC
 
California
Pulte Homes Tennessee, Inc.
 
Michigan
RN Acquisition 2 Corp.
 
Nevada
Terravita Home Construction Co.
 
Arizona
The Jones Company Building Services, LLC
 
Nevada


Certain subsidiaries have been omitted from this list. Such omitted subsidiaries, when considered in the aggregate as a single subsidiary, do not constitute a significant subsidiary as defined in Rule 1-02(w) of Regulation S-X.


 EX-23 3 exhibit23-consent123118.htm EXHIBIT 23 - CONSENT Exhibit


EXHIBIT 23

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in the Registration Statements (Form S-3 No. 333-209598, Form S-8 No. 333-115570, Form S-8 No. 333-123223, Form S-8 No. 333-150961, Form S-8 No. 333-161441 and Form S-8 No. 333-188986) of PulteGroup, Inc. of our reports dated January 31, 2019, with respect to the consolidated financial statements of PulteGroup, Inc., and the effectiveness of internal control over financial reporting of PulteGroup, Inc., included in this Annual Report (Form 10-K) of PulteGroup, Inc. for the year ended December 31, 2018.

/s/ Ernst & Young LLP

Atlanta, Georgia
January 31, 2019



EX-24 4 exhibit24-powerofattor.htm EXHIBIT 24 - POWER OF ATTORNEY Exhibit


EXHIBIT 24

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Ryan R. Marshall, Robert O’Shaughnessy, Todd N. Sheldon, and James Ossowski, signing singly, his true and lawful attorney-in-fact to:

1.
Execute for and on behalf of the undersigned, in the undersigned’s capacity as a director of PulteGroup, Inc. (the “Company”), the Annual Report on Form 10-K for the fiscal year ending December 31,2018 ("Annual Report"), in accordance with the Securities Exchange Act of 1934, as amended, and the rules thereunder; and,

2.
Do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Annual Report, complete and execute any amendment or amendments thereto, and timely file such documents with the Unites States Securities and Exchange Commission and any stock exchange, stock market or similar authority; and,

3.
Take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, and in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with any rule of the Securities Exchange Act of 1934, as amended.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to sign the Annual Report on Form 10-K with respect to the undersigned’s role as a director of the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 6th day of December, 2018.
 
 
 
 
 
 
/s/ Brian P. Anderson
 
/s/ André J. Hawaux
Brian P. Anderson
 
André J. Hawaux
 
 
 
/s/ Bryce Blair
 
/s/ John R. Peshkin
Bryce Blair
 
John R. Peshkin
 
 
 
/s/ Richard W. Dreiling
 
/s/ Scott F. Powers
Richard W. Dreiling
 
Scott F. Powers
 
 
 
/s/ Thomas J. Folliard
 
/s/ William J. Pulte
Thomas J. Folliard
 
William J. Pulte
 
 
 
/s/ Cheryl W. Grisé
 
/s/ Lila J. Snyder
Cheryl W. Grisé
 
Lila J. Snyder


 EX-31.A 5 exhibit31aceocertifica.htm EXHIBIT 31.A - CEO CERTIFICATION Exhibit


EXHIBIT 31(a)
CHIEF EXECUTIVE OFFICER'S CERTIFICATION
I, Ryan R. Marshall, certify that:
1.
I have reviewed this annual report on Form 10-K of PulteGroup, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 
Date:
January 31, 2019
/s/ Ryan R. Marshall
 
 
Ryan R. Marshall
 
 
President and Chief Executive Officer



 EX-31.B 6 exhibit31bcfocertifica.htm EXHIBIT 31.B - CFO CERTIFICATION Exhibit


EXHIBIT 31(b)
CHIEF FINANCIAL OFFICER'S CERTIFICATION
I, Robert T. O'Shaughnessy, certify that:
1.
I have reviewed this annual report on Form 10-K of PulteGroup, Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):
a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 
Date:
January 31, 2019
/s/ Robert T. O'Shaughnessy
 
 
Robert T. O'Shaughnessy
 
 
Executive Vice President and
Chief Financial Officer



 EX-32 7 exhibit32-certificatio.htm EXHIBIT 32 - CERTIFICATION Exhibit


EXHIBIT 32
Certification
Pursuant to 18 United States Code § 1350 and
Rule 13a-14(b) of the Securities Exchange Act of 1934
In connection with the Annual Report of PulteGroup, Inc. (the “Company”) on Form 10-K for the period ended December 31, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certifies that to his knowledge:
(1)
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Date:
January 31, 2019


/s/ Ryan R. Marshall
Ryan R. Marshall
President and Chief Executive Officer
/s/ Robert T. O'Shaughnessy
Robert T. O'Shaughnessy
Executive Vice President and
Chief Financial Officer



 EX-101.SCH 8 phm-20181231.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2115100 - Disclosure - Commitments And Contingencies link:presentationLink link:calculationLink link:definitionLink 2415406 - Disclosure - Commitments And Contingencies (Changes in Self-insurance Liability) (Details) link:presentationLink link:calculationLink link:definitionLink 2415404 - Disclosure - Commitments And Contingencies (Changes To Anticipated Loan Losses) (Details) link:presentationLink link:calculationLink link:definitionLink 2415405 - Disclosure - Commitments And Contingencies (Changes To Warranty Liability) (Details) link:presentationLink link:calculationLink link:definitionLink 2415403 - Disclosure - Commitments and Contingencies Commitments And Contingencies (Future minimum operating lease payments) (Details) link:presentationLink link:calculationLink link:definitionLink 2415402 - Disclosure - Commitments And Contingencies (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2315301 - Disclosure - Commitments And Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - Consolidated Statements Of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Consolidated Statements of Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Consolidated Statements Of Operations link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Consolidated Statements Of Shareholders' Equity link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 2408404 - Disclosure - Debt (Aggregate Borrowing Information) (Details) link:presentationLink link:calculationLink link:definitionLink 2408403 - Disclosure - Debt (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - Debt (Summary Of Company's Senior Notes) (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information Document link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - Fair Value Disclosures link:presentationLink link:calculationLink link:definitionLink 2412402 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Details) link:presentationLink link:calculationLink link:definitionLink 2412403 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Narrative) (Details) (Details) link:presentationLink link:calculationLink link:definitionLink 2312301 - Disclosure - Fair Value Disclosures (Tables) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2411403 - Disclosure - Income Taxes Components of current and deferred income tax expense (benefit) (Details) link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - Income Taxes (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2411405 - Disclosure - Income Taxes Net deferred tax asset (liability) (Details) link:presentationLink link:calculationLink link:definitionLink 2411406 - Disclosure - Income Taxes Reconciliation of the change in unrecognized tax benefits (Details) link:presentationLink link:calculationLink link:definitionLink 2411404 - Disclosure - Income Taxes Reconciliation of statutory federal income tax rate to effective income tax rate (Details) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - Inventory And Land Held For Sale link:presentationLink link:calculationLink link:definitionLink 2405403 - Disclosure - Inventory And Land Held For Sale (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) link:presentationLink link:calculationLink link:definitionLink 2405404 - Disclosure - Inventory And Land Held For Sale Inventory and Land Held for Sale (Land-related Charges) (Details) link:presentationLink link:calculationLink link:definitionLink 2405405 - Disclosure - Inventory And Land Held For Sale (Land Held For Sale) (Details) link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - Inventory And Land Held For Sale (Major Components Of Inventory) (Details) link:presentationLink link:calculationLink link:definitionLink 2405406 - Disclosure - Inventory And Land Held For Sale (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2405407 - Disclosure - Inventory And Land Held For Sale (Quantitative Information for Fair Value of Impairment Charges) (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - Inventory And Land Held For Sale (Tables) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Investments In Unconsolidated Entities link:presentationLink link:calculationLink link:definitionLink 2407403 - Disclosure - Investments In Unconsolidated Entities (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - Investments In Unconsolidated Entities (Summary Schedule Of Joint Ventures) (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - Investments In Unconsolidated Entities (Tables) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Other Assets and Accrued and Other Liabilities link:presentationLink link:calculationLink link:definitionLink 2413402 - Disclosure - Other Assets and Accrued and Other Liabilities (Other Assets) (Details) link:presentationLink link:calculationLink link:definitionLink 2413403 - Disclosure - Other Assets and Accrued and Other Liabilities (Other Liabilities) (Details) link:presentationLink link:calculationLink link:definitionLink 2313301 - Disclosure - Other Assets and Accrued and Other Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - Quarterly Results (Unaudited) link:presentationLink link:calculationLink link:definitionLink 2417403 - Disclosure - Quarterly Results (Unaudited) (Details) link:presentationLink link:calculationLink link:definitionLink 2417402 - Disclosure - Quarterly Results (Unaudited) (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2317301 - Disclosure - Quarterly Results (Unaudited) (Tables) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - Segment Information link:presentationLink link:calculationLink link:definitionLink 2406405 - Disclosure - Segment Information (Depreciation and Amortization) (Details) link:presentationLink link:calculationLink link:definitionLink 2406406 - Disclosure - Segment Information (Equity in (earnings) loss of unconsolidated entities) (Details) link:presentationLink link:calculationLink link:definitionLink 2406404 - Disclosure - Segment Information (Land-Related Charges By Segment) (Details) link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - Segment Information Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2406403 - Disclosure - Segment Information (Operating Data By Segment) (Details) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 2406407 - Disclosure - Segment Information (Total Assets And Inventory By Reportable Segment) (Details) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - Shareholders' Equity link:presentationLink link:calculationLink link:definitionLink 2409401 - Disclosure - Shareholders' Equity (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - Stock Compensation Plans link:presentationLink link:calculationLink link:definitionLink 2410403 - Disclosure - Stock Compensation Plans (Expense by plan type) (Details) link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - Stock Compensation Plans Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2410406 - Disclosure - Stock Compensation Plans (Restricted Stock, RSUs and Performance Shares Activity Rollforward) (Details) link:presentationLink link:calculationLink link:definitionLink 2410404 - Disclosure - Stock Compensation Plans (Stock Option Activity Rollforward) (Details) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - Stock Compensation Plans (Tables) link:presentationLink link:calculationLink link:definitionLink 2410405 - Disclosure - Stock Compensation Plans (Weighted-average remaining contractual lives of stock options outstanding) (Details) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 2401407 - Disclosure - Summary of Significant Accounting Policies (Fair Value Of the Company's Derivative Instruments) (Details) link:presentationLink link:calculationLink link:definitionLink 2401403 - Disclosure - Summary of Significant Accounting Policies (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2401404 - Disclosure - Summary of Significant Accounting Policies (Other Expense (Income), Net) (Details) link:presentationLink link:calculationLink link:definitionLink 2201201 - Disclosure - Summary of Significant Accounting Policies (Policy) link:presentationLink link:calculationLink link:definitionLink 2401406 - Disclosure - Summary of Significant Accounting Policies (Schedule Of The Company's Interests In Land Option Agreements) (Details) link:presentationLink link:calculationLink link:definitionLink 2401405 - Disclosure - Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnings Per Share) (Details) link:presentationLink link:calculationLink link:definitionLink 2301302 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Supplemental Guarantor Information link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Supplemental Guarantor Information (Balance Sheet) (Details) link:presentationLink link:calculationLink link:definitionLink 2416404 - Disclosure - Supplemental Guarantor Information (Statement Of Cash Flows) (Details) link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Supplemental Guarantor Information (Statement Of Operations and Comprehensive Income (Loss)) (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Supplemental Guarantor Information (Tables) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 9 phm-20181231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 10 phm-20181231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 11 phm-20181231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Quarterly Financial Information Disclosure [Abstract] Quarterly results (unaudited) Quarterly Financial Information [Text Block] Accounting Policies [Abstract] Schedule of Fair Value, Off-balance Sheet Risks [Table] Fair Value, Off-balance Sheet Risks by Financial Instrument [Axis] Financial Instrument [Axis] Fair Value, Off-balance Sheet Risks, Financial Instruments [Domain] Financial Instruments [Domain] Interest Rate Lock Commitments [Member] Interest Rate Lock Commitments [Member] Forward Contracts [Member] Forward Contracts [Member] Whole Loan Commitments [Member] Loan Purchase Commitments [Member] Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] Other Assets Derivative Instruments in Hedges, Assets, at Fair Value Other Liabilities Derivative Instruments in Hedges, Liabilities, at Fair Value Share-based Compensation [Abstract] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Plan Name [Axis] Plan Name [Axis] Plan Name [Domain] Plan Name [Domain] Field long-term compensation plan [Member] Field long-term compensation plan [Member] Field long-term compensation plan. Awards earned in form of share units and paid out in cash at end of performance period based on number of share units earned times company stock price at end of period. Senior management long-term compensation plan [Member] [Member] Senior management long-term compensation plan [Member] [Member] Senior management long-term compensation plan [Member] [Member] Award Type [Axis] Award Type [Axis] Equity Award [Domain] Equity Award [Domain] Stock options [Member] Employee Stock Option [Member] Restricted stock [Member] Restricted Stock [Member] Restricted Stock Units (RSUs) [Member] Restricted Stock Units (RSUs) [Member] Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member] Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member] Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Maximum period stock options, appreciation rights, restricted stock, and restricted stock units can be granted Maximum period stock options, appreciation rights, restricted stock, and restricted stock units can be granted Maximum period stock options, appreciation rights, restricted stock, and restricted stock units can be granted Share-based compensation vesting period Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period Number of Years Stock Options are Exercisable After Grant Date Number of Years Stock Based Compensation is Exercisable After Grant Date Number of years stock based compensation is exercisable after grant date Number of shares available for grant Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Unrecognized stock compensation expense Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized Aggregate instrinsic value of stock options exercised Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value Intrinsic value of outstanding stock options Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value Restricted stock shares vested during period, total fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value Weighted average period in which stock based compensation costs are expensed Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition Restricted stock units outstanding vested but not yet paid Restricted stock units outstanding vested but not yet paid Restricted stock units outstanding vested but not yet paid because the payout date had been deferred by the holder Stock compensation plan price floor Stock compensation plan price floor Stock price floor at which a portion of the deferred compensation plan award would be paid partially in cash. Long-term incentive plan liability Deferred Compensation Liability, Current and Noncurrent Commitments and Contingencies Disclosure [Abstract] Changes in loan origination liability [Roll Forward] Loss Contingency Accrual [Roll Forward] Liabilities, beginning of period Loss Contingency Accrual Reserves provided (released), net Loss Contingency Accrual, Provision Payments Loss Contingency Accrual, Payments Liabilities, end of period Schedule of Variable Interest Entities [Table] Variable Interest Entities by Classification of Entity [Axis] Variable Interest Entities [Axis] Variable Interest Entity, Classification [Domain] Variable Interest Entity, Classification [Domain] Consolidated and Unconsolidated VIEs [Member] Consolidated and Unconsolidated VIEs [Member] Consolidated and Unconsolidated VIEs [Member] Land Option Agreement [Axis] Land Option Agreement [Axis] Land Option Agreement [Axis] Land Option Agreement [Domain] Land Option Agreement [Domain] Land Option Agreement [Domain] Other Land Option Agreements Member Other Land Option Agreements [Member] Land under option agreement [Line Items] Land under option [Line Items] Land under option [Line Items] Deposits and Pre-acquisition Costs Purchase Options, Land Remaining Purchase Price Remaining Purchase Price Of All Land Option Agreements Remaining Purchase Price Of All Land Option Agreements Fair Value Disclosures [Abstract] Fair value disclosures Fair Value Disclosures [Text Block] Supplemental Guarantor Information [Abstract] Supplemental Guarantor Information Consolidating Balance Sheet Condensed Balance Sheet [Table Text Block] Consolidating Statement Of Operations and Comprehensive Income (Loss) Condensed Income Statement [Table Text Block] Consolidating Statement Of Cash Flows Condensed Cash Flow Statement [Table Text Block] Loss Contingencies [Table] Loss Contingencies [Table] Loss Contingency Nature [Axis] Loss Contingency Nature [Axis] Loss Contingency, Nature [Domain] Loss Contingency, Nature [Domain] RMBS Transactions - Alleged Violations [Member] RMBS Transactions - Alleged Violations [Member] RMBS Transactions - Alleged Violations [Member] RMBS Transactions - Similar Indemnity Provisions [Member] RMBS Transactions - Similar Indemnity Provisions [Member] RMBS Transactions - Similar Indemnity Provisions [Member] Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] CTX Mortgage Company LLC [Member] CTX Mortgage Company LLC [Member] CTX Mortgage Company LLC [Member] Litigation Case [Axis] Litigation Case [Axis] Litigation Case [Domain] Litigation Case [Domain] Lehman Complaint [Member] Lehman Complaint [Member] Lehman Complaint [Member] Business Segments [Axis] Segments [Axis] Segments [Domain] Segments [Domain] Florida [Member] Florida [Member] Florida geographic segment [Member] Loss Contingencies [Line Items] Loss Contingencies [Line Items] Insurance Settlements Receivable Insurance Settlements Receivable Loss Contingency, Number Of Transactions Loss Contingency, Number Of Transactions Loss Contingency, Number Of Transactions Write-off of insurance receivables Write-off of insurance receivables Write-off of insurance receivables Operating lease rent expense Operating Leases, Rent Expense Damages sought, value Loss Contingency, Damages Sought, Value Letters of credit outstanding, amount Letters of Credit Outstanding, Amount Surety Bonds Outstanding Surety Bonds Outstanding Surety Bonds Outstanding Charges related to contractual dispute Litigation Settlement, Expense Maximum product warranty in years Maximum product warranty in years Maximum product warranty in years Product Warranty Expense Product Warranty Expense Loss Contingency, Pending Claims, Number Loss Contingency, Pending Claims, Number Self-insurance liabilities Self Insurance Reserve Incurred but not reported percentage of liability reserves Incurred but not reported percentage of liability reserves Incurred but not reported percentage of liability reserves Adjustment to self insurance reserves Adjustment to self insurance reserves Adjustment to self insurance reserves Reserves provided Document And Entity Information [Abstract] Document And Entity Information [Abstract] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Document Type Document Type Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Entity Well-known Seasoned Issuer Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Voluntary Filers Entity Current Reporting Status Entity Current Reporting Status Entity Emerging Growth Company Entity Emerging Growth Company Entity Small Business Entity Small Business Entity Shell Company Entity Shell Company Entity Public Float Entity Public Float Schedule of other nonoperating expense (income) [Table] Schedule of other nonoperating expense (income) [Table] Schedule of other nonoperating expense (income) [Table] Reporting Segment [Domain] Home Building [Member] Home Building [Member] Other expense (income), net [Line Items] Schedule of other nonoperating expense (income) [Line Items] [Line Items] for Schedule of other nonoperating expense (income) [Table] Impairment Losses Related to Real Estate Partnerships Impairment Losses Related to Real Estate Partnerships Write-off of deposits and pre-acquisition costs Write Off Of Deposits And Pre Acquisition Costs Write Off Of Deposits And Pre Acquisition Costs Lease exit and related costs Business Exit Costs Interest Expense Interest Expense Amortization of intangible assets Amortization of Intangible Assets Equity in (earnings) loss of unconsolidated entities Income (Loss) from Equity Method Investments Interest expense Interest Income, Other Miscellaneous, net Other Nonoperating Expense Other expense, net Other Nonoperating Income (Expense) Segment Reporting [Abstract] Operating Data By Reporting Segment Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] Land-Related Charges By Reporting Segment Land-Related Charges By Reporting Segment [Table Text Block] Land-Related Charges By Reporting Segment [Table Text Block] Depreciation and Amortization Expense by Reporting Segment Depreciation and Amortization expense by segment [Table Text Block] Depreciation and Amortization expense by segment [Table Text Block] Equity in (Earnings) Loss of Unconsolidated Entities by Reporting Segment Equity Method Investments Earnings by Reporting Segment [Table Text Block] Equity Method Investments Earnings by Reporting Segment [Table Text Block] Total Assets And Inventory By Reporting Segment Reconciliation of Assets from Segment to Consolidated [Table Text Block] Statement of Financial Position [Abstract] Book overdrafts Bank Overdrafts Preferred stock, par value (usd per share) Preferred Stock, Par or Stated Value Per Share Preferred stock, shares authorized Preferred Stock, Shares Authorized Preferred stock, shares issued Preferred Stock, Shares Issued Common stock, par value (usd per share) Common Stock, Par or Stated Value Per Share Common stock, shares authorized Common Stock, Shares Authorized Common stock, shares issued Common Stock, Shares, Issued Common stock, shares outstanding Common Stock, Shares, Outstanding Income Statement [Abstract] Statement [Table] Statement [Table] Restatement [Axis] Restatement [Axis] Restatement [Domain] Restatement [Domain] Product and Service [Axis] Product and Service [Axis] Product and Service [Domain] Product and Service [Domain] Total Homebuilding [Member] Total Homebuilding [Member] Total Homebuilding [Member] Land [Member] Land [Member] Financial Service [Member] Financial Service [Member] Statement [Line Items] Statement [Line Items] Revenues: Revenues [Abstract] Homebuilding Homebuilding: [Abstract] Homebuilding: [Abstract] Total revenues Revenues Revenue from Contract with Customer, Excluding Assessed Tax Revenue from Contract with Customer, Excluding Assessed Tax Homebuilding Cost of Revenues: Cost of Revenue [Abstract] Cost of Goods and Services Sold Cost of Goods and Services Sold Cost of Revenue Cost of Revenue Selling, general, and administrative expenses Selling, General and Administrative Expense Other expense, net Income before income taxes Income (Loss) from Continuing Operations before Income Taxes, Domestic Income tax expense Income Tax Expense (Benefit) Net income Net Income (Loss) Attributable to Parent Net income per share: Earnings Per Share [Abstract] Basic (usd per share) Earnings Per Share, Basic Diluted (usd per share) Earnings Per Share, Diluted Cash dividends declared (usd per share) Common Stock, Dividends, Per Share, Declared Number of shares used in calculation: Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] Basic shares outstanding (shares) Weighted Average Number of Shares Outstanding, Basic Effect of dilutive securities (shares) Weighted Average Number Diluted Shares Outstanding Adjustment Diluted shares outstanding (shares) Weighted Average Number of Shares Outstanding, Diluted Income Tax Disclosure [Abstract] Reconciliation of the change in unrecognized tax benefits [Roll Forward] Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] Unrecognized Tax Benefits, beginning of period Unrecognized Tax Benefits Increases related to tax positions taken during a prior period Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions Decreases related to tax positions taken during a prior period Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions Increases related to tax positions taken during the current period Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions Decreases related to settlements with taxing authorities Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities Reductions as a result of a lapse of the statute of limitations Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations Unrecognized Tax Benefits, end of period Inventory Disclosure [Abstract] Inventory, Current [Table] Inventory, Current [Table] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Maximum Maximum [Member] Minimum Minimum [Member] Measurement Input Type [Axis] Measurement Input Type [Axis] Measurement Input Type [Domain] Measurement Input Type [Domain] Quarterly Sales Pace (Homes) Measurement Input, Quarterly Sales Pace [Member] Measurement Input, Quarterly Sales Pace [Member] Discount Rate Measurement Input, Discount Rate [Member] Inventory [Axis] Inventory [Axis] Inventory [Domain] Inventory [Domain] Impaired Inventory Impaired Inventory [Member] Impaired Inventory [Member] Inventory [Line Items] Inventory [Line Items] Number of communities Number Of Communities Number Of Communities Fair Value of Communities Impaired, Net of Impairment Charges Inventory, Land Held for Development and Sale Impairment charges Impairment of Real Estate Average selling price Fair Value Measurements, Average Sales Price Fair Value Measurements, Average Sales Price Measurement input Inventory, Land Held For Development And Sale, Measurement Input Inventory, Land Held For Development And Sale, Measurement Input Debt Disclosure [Abstract] Line of Credit Facility [Table] Line of Credit Facility [Table] Financial Services [Member] Financial Services Member Financial Services [Member] Line of Credit Facility [Line Items] Line of Credit Facility [Line Items] Available credit lines Line of Credit Facility, Maximum Borrowing Capacity Unused credit lines Line of Credit Facility, Remaining Borrowing Capacity Weighted-average interest rate Short-term Debt, Weighted Average Interest Rate, at Point in Time Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] Net income Other comprehensive income, net of tax: Other Comprehensive Income (Loss), Net of Tax [Abstract] Change in value of derivatives Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax Other comprehensive income Other Comprehensive Income (Loss), Net of Tax Comprehensive income Comprehensive Income (Loss), Net of Tax, Attributable to Parent Schedule of Quarterly Financial Information Quarterly Financial Information [Table Text Block] Notes payable Notes Payable Statement of Stockholders' Equity [Abstract] Statement, Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Common Stock [Member] Common Stock [Member] Additional Paid-In Capital [Member] Additional Paid-in Capital [Member] Accumulated Other Comprehensive Income (Loss) [Member] AOCI Attributable to Parent [Member] Retained Earnings [Member] Retained Earnings [Member] Shareholders' Equity, shares Shareholders' Equity Stockholders' Equity Attributable to Parent Stock option exercises, shares Stock Issued During Period, Shares, New Issues Stock option exercises Stock Issued During Period, Value, Stock Options Exercised Cumulative Effect on Retained Earnings, Net of Tax Cumulative Effect on Retained Earnings, Net of Tax Share issuances, net of cancellations, shares Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures Share issuances, net of cancellations Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures Dividends declared Dividends Share repurchases, shares Stock Repurchased During Period, Shares Share repurchases Stock Repurchased During Period, Value Share-based compensation Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Excess tax benefits (deficiencies) from share-based compensation Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation Other comprehensive income Shareholders' Equity, shares Shareholders' Equity Restricted Stock, RSUs and Performance Shares Activity [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options [Roll Forward] [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options [Roll Forward] Outstanding, beginning of year Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number Granted Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Vested Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Forfeited Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period Outstanding, end of year Vested, end of year Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number Outstanding, beginning of year, weighted-average per share grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Granted, weighted-average per share grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Vested, weighted-average per share grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Forfeited, weighted-average per share grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value Outstanding, end of year, weighted-average per share grant date fair value Vested, end of year, weighted-average per share grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value Supplemental Guarantor information Condensed Financial Information of Parent Company Only Disclosure [Text Block] Deferred Tax Assets [Abstract] Deferred Tax Assets, Gross [Abstract] Deferred Tax Assets, Tax Deferred Expense, Other Deferred Tax Assets, Tax Deferred Expense, Other Non-deductible reserves and other Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals Inventory valuation reserves Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Impairment Losses NOL carryforwards: Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract] Federal Deferred Tax Assets, Operating Loss Carryforwards, Domestic State Deferred Tax Assets, Operating Loss Carryforwards, State and Local Alternative minimum tax credits Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax Energy credit and charitable contribution carryforward Deferred Tax Assets, Tax Credit Carryforwards Deferred Tax Assets, Gross Deferred Tax Assets, Gross Deferred Tax Liabilities [Abstract] Deferred Tax Liabilities, Gross [Abstract] Capitalized items, including real estate basis differences, deducted for tax, net Deferred Tax Liabilities, Deferred Expense, Other Capitalized Costs Deferred Tax Liability, deferral of profit on home sales Deferred Tax Liability, deferral of profit on home sales Deferred Tax Liability, deferral of profit on home sales Trademarks and tradenames Deferred Tax Liabilities, Intangible Assets Deferred Tax Liabilities, Gross Deferred Tax Liabilities, Gross Valuation allowance Deferred Tax Assets, Valuation Allowance Net deferred tax asset (liability) Deferred Tax Assets, Net Homes under construction Inventory, Homes under Construction Land under development Land Available for Development Raw land Inventory, Real Estate, Land and Land Development Costs House and land inventory Inventory, Operative Builders Fair Value Measurements, Recurring and Nonrecurring [Table] Long Lived Assets Held-for-sale by Asset Type [Axis] Long Lived Assets Held-for-sale by Asset Type [Axis] Long Lived Assets Held-for-sale, Name [Domain] Long Lived Assets Held-for-sale, Name [Domain] Land Held For Sale [Member] Land Held For Sale [Member] Land Held For Sale [Member] Financial Instrument [Axis] Financial Instruments [Domain] Residential Mortgage [Member] Residential Mortgage [Member] Asset Class [Axis] Asset Class [Axis] Fair Value by Asset Class [Domain] Asset Class [Domain] Measurement Frequency [Axis] Measurement Frequency [Axis] Fair Value, Measurement Frequency [Domain] Fair Value, Measurement Frequency [Domain] Fair Value, Measurements, Recurring [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Measurements, Nonrecurring [Member] Fair Value, Measurements, Nonrecurring [Member] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Axis] Fair Value, Measurements, Fair Value Hierarchy [Domain] Fair Value Hierarchy and NAV [Domain] Fair Value, Inputs, Level 1 [Member] Fair Value, Inputs, Level 1 [Member] Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 3 [Member] Fair Value, Inputs, Level 3 [Member] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Measured at fair value on a recurring basis: Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] Assets, Fair Value Disclosure Assets, Fair Value Disclosure Financial and Nonfinancial Liabilities, Fair Value Disclosure Financial and Nonfinancial Liabilities, Fair Value Disclosure Measured at fair value on a non-recurring basis: Fair Value, Assets and Liabilities Measured on Non-Recurring Basis [Abstract] Fair Value, Assets and Liabilities Measured on Non-Recurring Basis [Abstract] Disclosed at fair value: Fair Value Disclosure [Abstract] Fair Value Disclosure [Abstract] Cash and equivalents (including restricted cash), fair value Cash and Cash Equivalents, Fair Value Disclosure Financial Services debt, fair value Lines of Credit, Fair Value Disclosure Other Notes Payable Other Notes Payable Debt Instrument, Fair Value Disclosure Debt Instrument, Fair Value Disclosure Consolidation Policy Consolidation, Policy [Policy Text Block] Business Combinations Policy [Policy Text Block] Business Combinations Policy [Policy Text Block] Use of Estimates Policy Use of Estimates, Policy [Policy Text Block] Reclassification, Policy [Policy Text Block] Reclassification, Policy [Policy Text Block] Subsequent Events Policy Subsequent Events, Policy [Policy Text Block] Cash and Equivalents Policy Cash and Cash Equivalents, Policy [Policy Text Block] Restricted Cash Policy Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] Investments in Unconsolidated Entities Policy Equity Method Investments [Policy Text Block] Intangible Assets Policy Intangible Assets, Finite-Lived, Policy [Policy Text Block] Property and Equipment, Net and Depreciation Policy Property, Plant and Equipment, Policy [Policy Text Block] Advertising Costs Policy Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block] Employee Benefits Policy Postemployment Benefit Plans, Policy [Policy Text Block] Earnings Per Share Policy Earnings Per Share, Policy [Policy Text Block] Share-based Compensation Policy Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Income Taxes Policy Income Tax, Policy [Policy Text Block] Homebuilding Revenue Recognition Policy Revenue Recognition, Policy [Policy Text Block] Sales Incentives Policy Revenue Recognition, Incentives [Policy Text Block] Inventory and Cost of Revenues Policy Inventory, Policy [Policy Text Block] Land Held for Sale Policy Real Estate Held for Development and Sale, Policy [Policy Text Block] Land Option Agreements Policy Land under Option Arrangements, Policy [Policy Text Block] Allowance for Warranties Policy Extended Product Warranty, Policy [Policy Text Block] Self-insured Risks Policy Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block] Residential Mortgage Loans Available for Sale Policy Marketable Securities, Policy [Policy Text Block] Mortgage Servicing Rights Policy Transfers and Servicing of Financial Assets, Policy [Policy Text Block] Loans Held for Investment Policy Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] Interest Income on Mortgage Loans Policy Revenue Recognition, Interest [Policy Text Block] Derivative Instruments and Hedging Activities Policy Derivatives, Policy [Policy Text Block] New Accounting Pronouncements Policy New Accounting Pronouncements, Policy [Policy Text Block] Inventory, Interest Capitalization Policy Inventory, Interest Capitalization Policy [Policy Text Block] Fair Value of Financial Instruments Policy Fair Value of Financial Instruments, Policy [Policy Text Block] Financing Receivables Policy Financing Receivable, Allowance for Credit Losses, Policy for Uncollectible Amounts [Policy Text Block] Legal Reserves Policy Legal Costs, Policy [Policy Text Block] Litigation of Recorded Insurance Receivable Litigation of Recorded Insurance Receivable Litigation of Recorded Insurance Receivable Insurance Related Expenses [Roll Forward] Changes in Self-insurance Liability [Roll Forward] Changes in Self-insurance Liability [Roll Forward] Balance, beginning of period Reserves provided Additions to self insurance reserves Additions to self insurance reserves during the period Payments Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid Balance, end of period Statement of Cash Flows [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash from operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Deferred income tax expense Increase (Decrease) in Deferred Income Taxes Land-related charges Asset Impairment Charges Depreciation and amortization Depreciation, Depletion and Amortization, Nonproduction Share-based compensation expense Share-based Compensation Loss on debt retirements Gain (Loss) on Extinguishment of Debt Other, net Other Noncash Income (Expense) Increase (decrease) in cash due to: Increase (Decrease) in Operating Capital [Abstract] Inventories Increase (Decrease) in Inventories Residential mortgage loans available-for-sale Increase (Decrease) in Mortgage Loans Held-for-sale Other assets Increase (Decrease) in Other Operating Assets Accounts payable, accrued and other liabilities Increase (Decrease) in Accounts Payable and Accrued Liabilities Net cash provided by operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Capital expenditures Payments to Acquire Property, Plant, and Equipment Investment in unconsolidated subsidiaries Payments to Acquire Equity Method Investments Cash used for business acquisition Payments to Acquire Businesses, Gross Other investing activities, net Payments for (Proceeds from) Other Investing Activities Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Payments of Debt Issuance Costs Payments of Debt Issuance Costs Proceeds from debt, net of issuance costs Proceeds from Issuance of Long-term Debt Repayments of debt Repayments of Long-term Debt Borrowings under revolving credit facility Proceeds from Lines of Credit Repayments under revolving credit facility Repayments of Lines of Credit Financial Services borrowings (repayments), net Proceeds from (Repayments of) Lines of Credit Stock option exercises Proceeds from Issuance of Common Stock Share repurchases Payments for Repurchase of Common Stock Dividends paid Payments of Dividends Net cash provided by (used in) financing activities Net Cash Provided by (Used in) Financing Activities Net increase (decrease) Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect Cash, cash equivalents, and restricted cash at beginning of period Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Cash, cash equivalents, and restricted cash at end of period Supplemental Cash Flow Information: Supplemental Cash Flow Information [Abstract] Interest paid (capitalized), net Interest paid (capitalized), net Interest paid (capitalized), net Income taxes paid, net Income Taxes Paid, Net Nature of Expense [Axis] Nature of Expense [Axis] Interim Period, Costs Not Allocable [Domain] Interim Period, Costs Not Allocable [Domain] Land inventory impairments Land Inventory Impairments [Member] Land Inventory Impairments [Member] NRV adjustments on land held for sale Fair Value Adjustment to Inventory [Member] Restructuring Plan [Axis] Restructuring Plan [Axis] Restructuring Plan [Domain] Restructuring Plan [Domain] Home Office Relocation [Member] Home Office Relocation [Member] Home Office Relocation [Member] Inventory adjustments NRV Inventory Adjustments Net realizable value adjustments (NRV) - land held for sale Net Realizable Value Adjustments Land Held For Sale Total Charge against earnings in the period to reduce the current value of land held for sale to its fair value. Litigation Settlement, Expense Write-off of insurance receivables Write-off of deposits and pre-acquisition costs Costs associated with the relocation of corporate headquarters Restructuring and Related Cost, Incurred Cost Components of Income Tax Expense (Benefit) Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] Effective Income Tax Rate Reconciliation Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Deferred Tax Assets and Liabilities Schedule of Deferred Tax Assets and Liabilities [Table Text Block] Summary of Income Tax Contingencies Summary of Income Tax Contingencies [Table Text Block] Inventory and land held for sale Inventory Disclosure [Text Block] Stock Option Activity [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] Outstanding, beginning of year Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Granted Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures Exercised Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Forfeited Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period Outstanding, end of year Options exercisable at year end Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number Weighted-average per share fair value of options granted during the year Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value Outstanding, weighted-average per share exercise price, beginning of year Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Granted, weighted-average per share exercise price Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price Exercised, weighted-average per share exercise price Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price Forfeited, weighted-average per share exercise price Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price Options outstanding, weighted-average per share exercise price, end of year Options exercisable at year end, weighted-average per share exercise price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price Stock compensation plans Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Consolidation Items [Axis] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Eliminating Entries [Member] Intersegment Eliminations [Member] Consolidated Entities [Axis] Consolidated Entities [Axis] Consolidated Entities [Domain] Consolidated Entities [Domain] Parent Company [Member] Parent Company [Member] Guarantor Subsidiaries [Member] Guarantor Subsidiaries [Member] Non-Guarantor Subsidiaries [Member] Non-Guarantor Subsidiaries [Member] Intercompany interest Intercompany Interest Intercompany interest expense (income). Income (loss) before income taxes and equity in income (loss) of subsidiaries Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries Income (loss) before equity in income (loss) of subsidiaries Income (loss) before equity in income (loss) of subsidiaries Income (loss) before equity in income (loss) of subsidiaries Equity in income (loss) of subsidiaries Equity In Income Loss Of Subsidiaries Equity in income (loss) of subsidiaries Other comprehensive income (loss) Cost of Revenue Other Assets and Accrued and Other Liabilities [Abstract] Other Assets and Accrued and Other Liabilities [Abstract] Notes receivable Financing Receivable, Net Other receivables Other Receivables Accounts and notes receivable Accounts and Notes Receivable, Net Prepaid expenses Prepaid Expense Deposits and pre-acquisition Costs Property and equipment, net Property, Plant and Equipment, Net Income taxes receivable Income Taxes Receivable Other Other Assets, Miscellaneous Other Assets Other Assets Schedule of Segment Reporting Information, by Segment [Table] Schedule of Segment Reporting Information, by Segment [Table] Northeast [Member] Northeast [Member] Northeast geographic segment [Member] Southeast [Member] Southeast [Member] Southeast geographic segment [Member] Texas [Member] Texas [Member] [Member] Texas Geographic Segment [Member] Midwest [Member] Midwest [Member] [Member] Midwest Geographic Segment [Member] West [Member] West [Member] [Member] West Geographic Segment [Member] Other Homebuilding [Member] Other Homebuilding [Member] Other Homebuilding [Member] Segment Reporting Information Segment Reporting Information [Line Items] Total land-related charges Production Related Impairments or Charges Segment information Segment Reporting Disclosure [Text Block] Detached single-family homes [Member] Detached single-family homes [Member] Attached homes [Member] Attached homes [Member] Number of reportable segments Number of Reportable Segments Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Unsecured Senior Notes 6.50% due May 2016 [Member] Unsecured Senior Notes 6.50% due May 2016 [Member] Unsecured Senior Notes 6.50% due May 2016 Senior Notes [Member] Senior Notes [Member] 4.250% unsecured senior notes due March 2021 [Member] 4.250% unsecured senior notes due March 2021 [Member] 4.250% unsecured senior notes due March 2021 Unsecured Senior Notes 7.875% Due June 2032 [Member] Unsecured Senior Notes 7.875% due June 2032 [Member] Unsecured Senior Notes 7.875% due June 2032 Unsecured Senior Notes 6.375% Due May 2033 [Member] Unsecured Senior Notes 6.375% due May 2033 [Member] Unsecured Senior Notes 6.375% due May 2033 Unsecured Senior Notes 6.00% Due February 2035 [Member] Unsecured Senior Notes 6.00% due February 2035 [Member] Unsecured Senior Notes 6.00% due February 2035 Unsecured Letter Of Credit Facility [Member] Unsecured Debt [Member] Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] 5.500% unsecured senior notes due March 2026 [Member] 5.500% unsecured senior notes due March 2026 [Member] 5.500% unsecured senior notes due March 2026 [Member] Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain] Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain] Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain] Senior Unsecured Notes February 2016 [Member] Senior Unsecured Notes February 2016 [Member] Senior Unsecured Notes February 2016 [Member] Senior Unsecured Notes, Issued July 2016 [Member] Senior Unsecured Notes, Issued July 2016 [Member] Senior Unsecured Notes, Issued July 2016 [Member] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Debt Instrument Debt Instrument [Line Items] Senior note carrying value Senior Notes Debt Issuance Costs, Net Debt Issuance Costs, Net Notes Payable, Fair Value Disclosure Notes Payable, Fair Value Disclosure Debt instrument, interest rate, stated percentage Debt Instrument, Interest Rate, Stated Percentage Debt instrument, maturity date, description Debt Instrument, Maturity Date, Description Equity Method Investments and Joint Ventures [Abstract] Summary of Joint Ventures Equity Method Investments [Table Text Block] Compensation-related Employee-related Liabilities Warranty Standard Product Warranty Accrual Accrued interest Interest Payable Loan origination liabilities Other Other Sundry Liabilities Accrued and other liabilities Accrued Liabilities Income Tax Contingency [Table] Income Tax Contingency [Table] Adjustments for New Accounting Pronouncements [Axis] Adjustments for New Accounting Pronouncements [Axis] Type of Adoption [Domain] Type of Adoption [Domain] Accounting Standards Update 2016-09 [Member] Accounting Standards Update 2016-09 [Member] Tax Period [Axis] Tax Period [Axis] Tax Period [Domain] Tax Period [Domain] 2019 - 2023 [Member] Net Operating Loss (NOL) Expiration Period, Range One [Member] Net Operating Loss (NOL) Expiration Period, Range One [Member] 2024 - Thereafter [Member] Net Operating Loss (NOL) Expiration Period, Range Two [Member] Net Operating Loss (NOL) Expiration Period, Range Two [Member] Income Tax Authority [Axis] Income Tax Authority [Axis] Income Tax Authority [Domain] Income Tax Authority [Domain] State and Local Jurisdiction [Member] State and Local Jurisdiction [Member] Income Tax Contingency [Line Items] Income Tax Contingency [Line Items] Provisional tax expense Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Change In Tax Rate, Deferred Tax Asset, Provisional Income Tax Expense Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Change In Tax Rate, Deferred Tax Asset, Provisional Income Tax Expense Deferred Tax Assets, Operating Loss Carryforwards, Domestic IncomeTaxNetOperatingLossCarryforwardPeriod IncomeTaxNetOperatingLossCarryforwardPeriod IncomeTaxNetOperatingLossCarryforwardPeriod Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration Cumulative Effect of New Accounting Principle in Period of Adoption Cumulative Effect of New Accounting Principle in Period of Adoption Gross unrecognized tax benefits Unrecognized Tax Benefits that Would Impact Effective Tax Rate Unrecognized Tax Benefits that Would Impact Effective Tax Rate Unrecognized tax benefits, income tax penalties and interest accrued Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued Possible decrease in unrecognized tax benefits Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit Schedule of Other Assets Schedule of Other Assets [Table Text Block] Schedule of Accrued and Other Liabilities Schedule of Accrued Liabilities [Table Text Block] ASSETS Assets [Abstract] Cash and equivalents Cash and Cash Equivalents, at Carrying Value Restricted cash Restricted Cash and Cash Equivalents Total cash, cash equivalents, and restricted cash House and land inventory Land held for sale Inventory, Real Estate, Held-for-sale Residential mortgage loans available-for-sale Loans Held-for-sale, Fair Value Disclosure Investments in unconsolidated entities Equity Method Investments Other assets Intangible assets Intangible Assets, Net (Excluding Goodwill) Deferred tax assets, net Total assets Assets LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities and Equity [Abstract] Liabilities: Liabilities [Abstract] Accounts payable, including book overdrafts of $54,381 and $72,800 in 2018 and 2017, respectively Accounts Payable Customer deposits Customer Advances and Deposits Accrued and other liabilities Income tax liabilities Accrued Income Taxes Financial Services debt Long-term Line of Credit Total liabilities Liabilities Shareholders’ equity: Stockholders' Equity Attributable to Parent [Abstract] Preferred shares, $0.01 par value; 25,000,000 shares authorized, none issued Preferred Stock, Value, Issued Common shares, $0.01 par value; 500,000,000 shares authorized, 277,109,507 and 286,752,436 shares issued and outstanding at December 31, 2018 and 2017, respectively Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax Retained earnings Retained Earnings (Accumulated Deficit) Total shareholders’ equity Total liabilities and shareholders' equity Liabilities and Equity Year Quarterly Financial Data [Abstract] Income before income taxes Homebuilding Income (Loss) Before Income Taxes Homebuilding Income (Loss) Before Income Taxes Financial Services: Financial Services: [Abstract] Financial Services: [Abstract] Income before income taxes Income Loss Before Income Taxes Financial Services Income Loss Before Income Taxes Financial Services Consolidated results: Selected Quarterly Financial Information [Abstract] Income before income taxes Number of lots Inventory, Number Of Residential Lots Inventory, Number Of Residential Lots Net Realizable Value Adjustments Land Held For Sale Total - land held for sale Carrying value of land parcels Impaired Community Impaired Community [Member] Impaired Community [Member] All Other Communities All Other Communities [Member] All Other Communities [Member] May 2017 Strategic Review Communities [Member] May 2017 Strategic Review Communities [Member] May 2017 Strategic Review Communities [Member] Large Project Impairment [Member] Large Project Impairment [Member] Large Project Impairment [Member] Entitlement period sought Asset Impairment Charges, Entitlement Period Asset Impairment Charges, Entitlement Period Land impairments Stockholders' Equity Note [Abstract] Shareholders' equity Stockholders' Equity Note Disclosure [Text Block] Schedule of Equity Method Investments [Table] Schedule of Equity Method Investments [Table] Investment, Name [Axis] Investment, Name [Axis] Investment, Name [Domain] Investment, Name [Domain] Unconsolidated Joint Ventures [Member] Unconsolidated Joint Ventures [Member] Unconsolidated Joint Ventures [Member] Schedule of Equity Method Investments [Line Items] Schedule of Equity Method Investments [Line Items] Equity in earnings of unconsolidated entities Capital and earnings distributions received from unconsolidated entities Total dividends and distribution of earnings from unconsolidated entities Total dividends and distribution of earnings from unconsolidated entities Payments to Acquire Interest in Subsidiaries and Affiliates Payments to Acquire Interest in Subsidiaries and Affiliates Joint Venture Debt Total Joint Venture Debt Total Joint Venture Debt Total Joint Venture Debt Company Proportionate Share Total Joint venture Cave Buttes Proportionate Share Joint venture Cave Buttes Proportionate Share Equity Method Investment, Ownership Percentage Equity Method Investment, Ownership Percentage Summary of significant accounting policies Basis of Presentation and Significant Accounting Policies [Text Block] Income taxes at federal statutory rate Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent Effect of state and local income taxes, net of federal tax Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent Tax accounting method change Effective Income Tax Rate Reconciliation, Tax Accounting Method Change, Percent Effective Income Tax Rate Reconciliation, Tax Accounting Method Change, Percent Changes in tax laws, including the Tax Act Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent Deferred tax asset valuation allowance Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent Tax contingencies Effective Income Tax Rate Reconciliation, Tax Contingency, Percent Other Effective Income Tax Rate Reconciliation, Other Adjustments, Percent Effective rate Effective Income Tax Rate Reconciliation, Percent Investments In unconsolidated entities Equity Method Investments and Joint Ventures Disclosure [Text Block] Depreciation and amortization: Depreciation, Depletion and Amortization [Abstract] Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table] Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table] Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Axis] Exercise Price Range [Axis] Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain] Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain] $0.01 to $10.00 [Member] Stock option plan exercise range 1 [Member] Stock option plan exercise range 1 [Member] $10.01 to $20.00 [Member] Stock option plan exercise range 2 [Member] Stock option plan exercise range 2 [Member] Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] Options outstanding - number outstanding Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options Weighted average remaining contractual term Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term Options outstanding - weighted average per share exercise price Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price Options exercisable - number exercisable Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options Options exercisable - weighted average per share exercise price Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price Exercise price range, lower range limit Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit Exercise price range, upper range limit Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit Stock Compensation Expense by Plan Type Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block] Stock Option Activity Rollforward Share-based Compensation, Stock Options, Activity [Table Text Block] Stock Options Weighted-average Remaining Contractual Lives Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] Restricted Stock, RSUs, and Performance Shares Activity Rollforward Share-based Compensation, Activity [Table Text Block] Investment in Joint Ventures with Limited recourse debt to Company Investment in Joint Ventures with Limited recourse debt to Company Investment in Joint Ventures with Limited Recourse Debt To Company Investments in joint ventures with debt non-recourse to Company Investments In Joint Ventures With Debt Nonrecourse To Company Investments In Joint Ventures With Debt Nonrecourse To Company Investments in other active joint ventures Investments In Other Joint Ventures Investments In Other Joint Ventures Total investments in unconsolidated entities Company proportionate share of joint venture debt: Company's proportionate share of joint venture debt: [Abstract] Company's proportionate share of joint venture debt: [Abstract] Joint venture debt with limited recourse guaranties Joint Venture Debt With Limited Recourse Guaranties Liability for proportionate share of Joint Venture's limited recourse debt. Joint venture debt non-recourse to Company Joint Venture Debt Nonrecourse To Company Liability for proportionate share of Joint Venture's nonrecourse debt. Company's total proportionate share of joint venture debt Joint Venture Debt Company Proportionate Share Total Total liability for proportionate share of joint venture debt. Earnings Per Share Reconciliation [Abstract] Earnings Per Share Reconciliation [Abstract] Numerator: Earnings Per Share, Basic [Abstract] Less: earnings distributed to participating securities Participating Securities, Distributed and Undistributed Earnings (Loss), Basic Less: undistributed earnings allocated to participating securities Undistributed Earnings (Loss) Allocated to Participating Securities, Basic Numerator for basic earnings per share Net Income (Loss) Available to Common Stockholders, Basic Add back: undistributed earnings allocated to participating securities Less: undistributed earnings reallocated to participating securities Undistributed Earnings, Diluted Numerator for diluted earnings per share Net Income (Loss) Available to Common Stockholders, Diluted Denominator: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Earnings per share: Equity in (earnings) loss of unconsolidated entities: Equity in (earnings) loss of unconsolidated entities: [Abstract] Equity in (earnings) loss of unconsolidated entities: Other assets and accrued and other liabilities Other Assets and Other Liabilities [Text Block] Other Assets and Other Liabilities [Text Block] Debt Debt Disclosure [Text Block] Net realizable value adjustments (NRV) - land held for sale Total land-related charges Scenario [Axis] Scenario [Axis] Scenario, Unspecified [Domain] Scenario, Unspecified [Domain] Pro Forma [Member] Pro Forma [Member] Accounting Standards Update 2016-02 [Member] Accounting Standards Update 2016-02 [Member] Land Sales [Member] Land Sales [Member] Land Sales [Member] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] JW Homes (Wieland) [Member] JW Homes (Wieland) [Member] JW Homes (Wieland) [Member] Real Estate Property Ownership [Axis] Real Estate Property Ownership [Axis] Real Estate Properties [Domain] Real Estate Properties [Domain] Land Option Contracts [Member] Land Option Contracts [Member] Land Option Contracts [Member] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Office Furniture and Equipment [Member] Equipment [Member] Software and Hardware [Member] Software And Hardware [Member] Software And Hardware [Member] Model Park Improvements and Furnishings [Member] Model Park Improvements And Furnishings [Member] Model Park Improvements And Furnishings [Member] Operating Lease, Liability Operating Lease, Right-of-Use Asset Business Combination, Consideration Transferred Business Combination, Consideration Transferred Number of Units in Real Estate Property Number of Units in Real Estate Property Goodwill Goodwill Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net Intangible asset useful life Finite-Lived Intangible Asset, Useful Life Unfunded settlements Accounts Receivable, Net, Current Restricted Cash and Cash Equivalents Intangible assets, acquired cost (gross) Finite-Lived Intangible Assets, Gross Intangible assets, accumulated amortization Finite-Lived Intangible Assets, Accumulated Amortization Intangible assets amortization expense Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months Future Amortization Expense, Year Two Finite-Lived Intangible Assets, Amortization Expense, Year Two Future Amortization Expense, Year Three Finite-Lived Intangible Assets, Amortization Expense, Year Three Future Amortization Expense, Year Four Finite-Lived Intangible Assets, Amortization Expense, Year Four Property and equipment, useful life Property, Plant and Equipment, Useful Life Property and equipment, accumulated depreciation Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Depreciation Expense Depreciation Advertising Expense Advertising Expense Employee benefit plan company contributions Defined Contribution Plan, Cost Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Number of VIEs requiring consolidation Variable Interest Entity Number Of Entities Requiring Consolidation The number of variable interest entities requiring consolidation. Residential mortgage loans available-for-sale aggregate outstanding principal balance Inventory, Real Estate, Mortgage Loans Held in Inventory Net gain (loss) from change in fair value Fair Value, Option, Changes in Fair Value, Gain (Loss) Net gains from the sale of mortgages Gain (Loss) on Sale of Mortgage Loans Loans held for investment, net Loans Receivable, Net Interest income on mortgage loans Interest Income, Operating Days past contractual term once loans no longer accrue interest income Days past contractual term once loans no longer accrue interest income Days past contractual term once loans no longer accrue interest income Derivative, notional amount Derivative, Notional Amount Variability in future cash flows of derivative instruments in days Maximum Length of Time Hedged in Cash Flow Hedge Contract liabilities Contract with Customer, Liability Capitalized contract costs Capitalized Contract Cost, Net Contract assets Contract with Customer, Asset, Net Schedule of Future Minimum Rental Payments for Operating Leases Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Summary of Changes in Loan Origination Liability Summary of changes in loan origination liability [Table Text Block] Summary of changes in loan origination liability [Table Text Block] Summary of Changes in Warranty Liability Schedule of Product Warranty Liability [Table Text Block] Summary of Changes in Self-insurance Liability Self-insurance liability rollforward [Table Text Block] Self-insurance liability rollforward Geographical [Axis] Geographical [Axis] Geographical [Domain] Geographical [Domain] California CALIFORNIA Consolidated revenues Income (loss) before income taxes: Segment Reporting Information, Income (Loss) before Income Taxes [Abstract] Consolidated income (loss) before income taxes Homebuilding Changes to warranty liabilities [Roll Forward] Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward] Warranty liabilities, beginning of period Warranty reserves provided Standard Product Warranty Accrual, Increase for Warranties Issued Payments Standard Product Warranty Accrual, Decrease for Payments Other adjustments Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties Warranty liabilities, end of period Short-term Debt, Type [Axis] Short-term Debt, Type [Axis] Short-term Debt, Type [Domain] Short-term Debt, Type [Domain] Revolving Credit Facility [Member] Revolving Credit Facility [Member] Repurchase Agreement [Member] Line of Credit [Member] Revolving Credit Facility Accordion Feature [Member] Revolving Credit Facility Accordion Feature [Member] Revolving Credit Facility Accordion Feature [Member] Debt Instrument, Face Amount Debt Instrument, Face Amount Notes payable Term loan Repayments of Debt Repayments of Long-term Debt Debt Instrument, Term Debt Instrument, Term Maximum borrowing capacity Short-term debt covenant description Debt Covenant, Additional Issuance of Letters of Credit Maximum Debt Covenant, Additional Issuance of Letters of Credit Maximum Line of Credit, Current Line of Credit, Current Line of Credit Facility, Initiation Date Line of Credit Facility, Initiation Date Line of Credit Facility, Expiration Date Line of Credit Facility, Expiration Date Deferred tax liability, net Deferred Tax Liabilities, Net, Noncurrent Investments in subsidiaries and intercompany accounts, net Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures Accounts payable, customer deposits, accrued and other liabilities Accounts Payable and Accrued Liabilities Years Ending December 31, Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] Future minimum lease payments - 2019 Operating Leases, Future Minimum Payments Due, Next Twelve Months Future minimum lease payments - 2020 Operating Leases, Future Minimum Payments, Due in Two Years Future minimum lease payments - 2021 Operating Leases, Future Minimum Payments, Due in Three Years Future minimum lease payments - 2022 Operating Leases, Future Minimum Payments, Due in Four Years Future minimum lease payments - 2023 Operating Leases, Future Minimum Payments, Due in Five Years Future minimum lease payments - Thereafter Operating Leases, Future Minimum Payments, Due Thereafter Future minimum lease payments - Total Operating Leases, Future Minimum Payments Due Current provision (benefit) Current Income Tax Expense (Benefit), Continuing Operations [Abstract] Federal Current Federal Tax Expense (Benefit) State and other Current State and Local Tax Expense (Benefit) Current Income Tax Expense (Benefit) Current Income Tax Expense (Benefit) Deferred provision (benefit) Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] Federal Deferred Federal Income Tax Expense (Benefit) State and other Deferred State and Local Income Tax Expense (Benefit) Deferred Income Tax Expense (Benefit) Deferred Income Tax Expense (Benefit) Income tax expense (benefit) Income taxes Income Tax Disclosure [Text Block] Components of Inventory Components of inventory [Table Text Block] Components of homebuilder inventory Capitalized Interest Rollforward Homebuilder capitalized interest rollforward [Table Text Block] Homebuilder capitalized interest rollforward [Table Text Block] Land-related Charges Land-related Charges [Table Text Block] Land-related Charges [Table Text Block] Land Held for Sale Disclosure of Long Lived Assets Held-for-sale [Table Text Block] Net cash provided by (used in) operating activities Intercompany activities, net Proceeds from Contributions from Parent Land held for sale, gross Land Held For Sale Gross Gross value of land held for sale. Net realizable value reserves Land Held For Sale N R V Reserves Net realizable value reserves on land held for sale. Land held for sale, net Commitments and contingencies Commitments and Contingencies Disclosure [Text Block] Schedule of Senior Notes Schedule of Long-term Debt Instruments [Table Text Block] Schedule of Financial Services available credit lines Schedule of Short-term Debt [Table Text Block] Long-term incentive plans [Member] Deferred Compensation, Share-based Payments [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Schedule of Other Expense (Income), Net Schedule of Other Nonoperating Income (Expense) [Table Text Block] Schedule of Earnings Per Share of Common Stock Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block] Schedule Of Company Interests In Land Option Agreements Schedule Of Company Interests In Land Option Agreements [Table Text Block] Schedule Of Company Interests In Land Option Agreements [Table Text Block] Schedule of Derivative Instruments in Statement of Financial Position, Fair Value Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] Real Estate Inventory, Capitalized Interest Costs [Roll Forward] Real Estate Inventory, Capitalized Interest Costs [Roll Forward] Interest in inventory, beginning of period Real Estate Inventory, Capitalized Interest Costs Interest capitalized Real Estate Inventory, Capitalized Interest Costs Incurred Interest expensed Real Estate Inventory, Capitalized Interest Costs, Cost of Sales Interest in inventory, end of period Schedule of Stock by Class [Table] Schedule of Stock by Class [Table] Share Repurchase Program [Axis] Share Repurchase Program [Axis] Share Repurchase Program [Domain] Share Repurchase Program [Domain] Share repurchase plan [Member] Share repurchase plan [Member] Authorized stock repurchase programs [Member] Shares withheld to pay taxes [Member] Shares withheld to pay taxes [Member] Shares withheld to pay taxes for restricted shares that vested during the period [Member] Class of Stock [Line Items] Class of Stock [Line Items] Shares repurchased under authorized repurchase programs Stock repurchases Remaining value of stock repurchase programs authorization Stock Repurchase Program, Remaining Authorized Repurchase Amount Total assets EX-101.PRE 12 phm-20181231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 13 graph2018.jpg begin 644 graph2018.jpg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�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end XML 14 a201810-k_htm.xml IDEA: XBRL DOCUMENT 0000822416 2018-01-01 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:MaximumMember phm:ImpairedInventoryMember 2016-12-31 0000822416 srt:MaximumMember phm:ImpairedInventoryMember 2017-12-31 0000822416 srt:MaximumMember us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MinimumMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MaximumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2017-12-31 0000822416 srt:MinimumMember us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MaximumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2016-12-31 0000822416 srt:MinimumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MinimumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2016-12-31 0000822416 srt:MaximumMember us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2017-12-31 0000822416 us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 srt:MinimumMember us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2017-12-31 0000822416 phm:DetachedSingleFamilyHomesMember 2016-01-01 2016-12-31 0000822416 phm:LandSalesMember stpr:CA phm:WestMemberMember 2018-01-01 2018-12-31 0000822416 phm:FloridaMember 2017-01-01 2017-12-31 0000822416 phm:OtherHomebuildingMember 2017-01-01 2017-12-31 0000822416 phm:DetachedSingleFamilyHomesMember 2018-01-01 2018-12-31 0000822416 phm:AttachedHomesMember 2017-01-01 2017-12-31 0000822416 phm:HomeOfficeRelocationMember 2016-01-01 2016-12-31 0000822416 phm:AttachedHomesMember 2018-01-01 2018-12-31 0000822416 phm:DetachedSingleFamilyHomesMember 2017-01-01 2017-12-31 0000822416 us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 phm:AttachedHomesMember 2016-01-01 2016-12-31 0000822416 phm:MidwestMemberMember 2018-01-01 2018-12-31 0000822416 phm:TexasMemberMember 2018-01-01 2018-12-31 0000822416 phm:OtherHomebuildingMember 2016-01-01 2016-12-31 0000822416 phm:OtherHomebuildingMember 2018-01-01 2018-12-31 0000822416 phm:TexasMemberMember 2017-01-01 2017-12-31 0000822416 phm:NortheastMember 2018-01-01 2018-12-31 0000822416 phm:FloridaMember 2016-01-01 2016-12-31 0000822416 phm:MidwestMemberMember 2017-01-01 2017-12-31 0000822416 phm:WestMemberMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 phm:MidwestMemberMember 2016-01-01 2016-12-31 0000822416 phm:FloridaMember 2018-01-01 2018-12-31 0000822416 phm:NortheastMember 2016-01-01 2016-12-31 0000822416 phm:NortheastMember 2017-01-01 2017-12-31 0000822416 phm:TexasMemberMember 2016-01-01 2016-12-31 0000822416 phm:SoutheastMember 2016-01-01 2016-12-31 0000822416 phm:WestMemberMember 2016-01-01 2016-12-31 0000822416 phm:SoutheastMember 2017-01-01 2017-12-31 0000822416 phm:WestMemberMember 2018-01-01 2018-12-31 0000822416 phm:SoutheastMember 2018-01-01 2018-12-31 0000822416 us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:TexasMemberMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:MidwestMemberMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:TexasMemberMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:NortheastMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:SoutheastMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:SoutheastMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:TexasMemberMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:WestMemberMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:WestMemberMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:MidwestMemberMember 2018-01-01 2018-12-31 0000822416 us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:FloridaMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:MidwestMemberMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:SoutheastMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember phm:NortheastMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:WestMemberMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:NortheastMember 2018-01-01 2018-12-31 0000822416 phm:TotalHomebuildingMember phm:FloridaMember 2016-01-01 2016-12-31 0000822416 phm:TotalHomebuildingMember phm:FloridaMember 2018-01-01 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2018-12-31 0000822416 phm:FloridaMember 2017-12-31 0000822416 us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2016-12-31 0000822416 phm:SoutheastMember 2017-12-31 0000822416 phm:WestMemberMember 2016-12-31 0000822416 phm:TexasMemberMember 2018-12-31 0000822416 phm:MidwestMemberMember 2017-12-31 0000822416 phm:OtherHomebuildingMember 2017-12-31 0000822416 phm:SoutheastMember 2018-12-31 0000822416 phm:MidwestMemberMember 2016-12-31 0000822416 phm:OtherHomebuildingMember 2018-12-31 0000822416 phm:NortheastMember 2017-12-31 0000822416 us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 phm:WestMemberMember 2017-12-31 0000822416 phm:FloridaMember 2018-12-31 0000822416 phm:NortheastMember 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2017-12-31 0000822416 phm:FloridaMember 2016-12-31 0000822416 phm:SoutheastMember 2016-12-31 0000822416 phm:WestMemberMember 2018-12-31 0000822416 phm:OtherHomebuildingMember 2016-12-31 0000822416 phm:NortheastMember 2016-12-31 0000822416 phm:FinancialServicesMember 2017-12-31 0000822416 us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 phm:MidwestMemberMember 2018-12-31 0000822416 phm:TexasMemberMember 2017-12-31 0000822416 phm:TexasMemberMember 2016-12-31 0000822416 phm:FinancialServicesMember 2018-12-31 0000822416 phm:FinancialServicesMember 2016-12-31 0000822416 phm:UnconsolidatedJointVenturesMember 2018-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member 2017-12-31 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member 2017-12-31 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2018-12-31 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member 2018-12-31 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2017-12-31 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member 2018-12-31 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member 2018-12-31 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2018-12-31 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member 2017-12-31 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member 2018-12-31 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member 2017-12-31 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member us-gaap:SeniorNotesMember 2016-07-29 0000822416 srt:MaximumMember us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-12-31 0000822416 2019-01-24 0000822416 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2016-02-01 0000822416 phm:A4.250unsecuredseniornotesdueMarch2021Member us-gaap:SeniorNotesMember 2016-02-01 0000822416 phm:A5.500unsecuredseniornotesdueMarch2026Member us-gaap:SeniorNotesMember 2016-07-29 0000822416 srt:MinimumMember us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-12-31 0000822416 us-gaap:UnsecuredDebtMember 2017-12-31 0000822416 phm:RevolvingCreditFacilityAccordionFeatureMember 2018-06-22 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-06-22 0000822416 phm:SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain us-gaap:SeniorNotesMember 2016-07-29 0000822416 us-gaap:RevolvingCreditFacilityMember 2018-12-31 0000822416 phm:SeniorUnsecuredNotesIssuedJuly2016Member us-gaap:SeniorNotesMember 2016-07-29 0000822416 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0000822416 phm:UnsecuredSeniorNotes650DueMay2016Member 2016-06-01 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2018-12-31 0000822416 srt:MaximumMember 2018-12-31 0000822416 us-gaap:LineOfCreditMember phm:FinancialServicesMember 2017-12-31 0000822416 phm:SeniorUnsecuredNotesFebruary2016Member us-gaap:SeniorNotesMember 2016-02-01 0000822416 us-gaap:RevolvingCreditFacilityMember 2018-01-01 2018-12-31 0000822416 us-gaap:UnsecuredDebtMember 2018-12-31 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member 2018-01-01 2018-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member 2018-01-01 2018-12-31 0000822416 phm:UnsecuredSeniorNotes6375DueMay2033Member 2017-01-01 2017-12-31 0000822416 us-gaap:CommonStockMember 2016-12-31 0000822416 phm:UnsecuredSeniorNotes600DueFebruary2035Member 2017-01-01 2017-12-31 0000822416 us-gaap:UnsecuredDebtMember phm:FinancialServicesMember 2017-08-14 2018-08-15 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member 2018-01-01 2018-12-31 0000822416 phm:UnsecuredSeniorNotes7875DueJune2032Member 2017-01-01 2017-12-31 0000822416 phm:SharerepurchaseplanMember 2017-01-01 2017-12-31 0000822416 phm:SharerepurchaseplanMember 2018-01-01 2018-12-31 0000822416 phm:SharerepurchaseplanMember 2016-01-01 2016-12-31 0000822416 phm:ShareswithheldtopaytaxesMember 2018-01-01 2018-12-31 0000822416 phm:ShareswithheldtopaytaxesMember 2016-01-01 2016-12-31 0000822416 phm:SharerepurchaseplanMember 2018-12-31 0000822416 us-gaap:RetainedEarningsMember 2016-12-31 0000822416 phm:ShareswithheldtopaytaxesMember 2017-01-01 2017-12-31 0000822416 phm:SeniorManagementLongTermCompensationPlanMemberMember 2018-01-01 2018-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2018-01-01 2018-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2018-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2016-01-01 2016-12-31 0000822416 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2017-01-01 2017-12-31 0000822416 us-gaap:CommonStockMember 2015-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2018-12-31 0000822416 us-gaap:DeferredCompensationShareBasedPaymentsMember 2017-01-01 2017-12-31 0000822416 us-gaap:DeferredCompensationShareBasedPaymentsMember 2016-01-01 2016-12-31 0000822416 us-gaap:DeferredCompensationShareBasedPaymentsMember 2018-01-01 2018-12-31 0000822416 phm:StockOptionPlanExerciseRange2Member 2018-12-31 0000822416 phm:StockOptionPlanExerciseRange1Member 2018-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2017-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2016-12-31 0000822416 phm:RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember 2015-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2017-12-31 0000822416 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2016-12-31 0000822416 us-gaap:EmployeeStockOptionMember 2015-12-31 0000822416 phm:StockOptionPlanExerciseRange1Member 2018-01-01 2018-12-31 0000822416 phm:StockOptionPlanExerciseRange2Member 2018-01-01 2018-12-31 0000822416 phm:FieldLongTermCompensationPlanMember 2018-01-01 2018-12-31 0000822416 us-gaap:StateAndLocalJurisdictionMember phm:NetOperatingLossNOLExpirationPeriodRangeOneMember 2018-12-31 0000822416 us-gaap:AccountingStandardsUpdate201609Member 2016-12-31 0000822416 us-gaap:StateAndLocalJurisdictionMember phm:NetOperatingLossNOLExpirationPeriodRangeTwoMember 2018-12-31 0000822416 srt:MaximumMember 2018-01-01 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:LoanPurchaseCommitmentsMember 2017-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0000822416 us-gaap:LandMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForwardContractsMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel1Member 2017-12-31 0000822416 us-gaap:LandMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember phm:LandHeldForSaleMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForwardContractsMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member 2017-12-31 0000822416 us-gaap:CommonStockMember 2016-01-01 2016-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember phm:LandHeldForSaleMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateLockCommitmentsMember 2017-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:LoanPurchaseCommitmentsMember 2018-12-31 0000822416 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000822416 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateLockCommitmentsMember 2018-12-31 0000822416 phm:LehmanComplaintMember phm:CTXMortgageCompanyLLCMember 2018-12-17 2018-12-17 0000822416 phm:LehmanComplaintMember phm:RMBSTransactionsSimilarIndemnityProvisionsMember phm:CTXMortgageCompanyLLCMember 2018-12-17 2018-12-17 0000822416 phm:LehmanComplaintMember phm:RMBSTransactionsAllegedViolationsMember phm:CTXMortgageCompanyLLCMember 2018-12-17 2018-12-17 0000822416 srt:ParentCompanyMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2017-01-01 2017-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2017-12-31 0000822416 srt:ParentCompanyMember 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2016-12-31 0000822416 srt:ParentCompanyMember 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2016-12-31 0000822416 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2016-01-01 2016-12-31 0000822416 2018-06-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember phm:TotalHomebuildingMember 2016-01-01 2016-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2016-01-01 2016-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0000822416 srt:ParentCompanyMember 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2018-12-31 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 us-gaap:RetainedEarningsMember 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 us-gaap:IntersegmentEliminationMember phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2017-01-01 2017-12-31 0000822416 srt:ParentCompanyMember phm:TotalHomebuildingMember 2017-01-01 2017-12-31 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0000822416 us-gaap:CommonStockMember 2017-12-31 0000822416 srt:GuarantorSubsidiariesMember 2015-12-31 0000822416 srt:ParentCompanyMember 2015-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2015-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2015-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember 2018-01-01 2018-12-31 0000822416 us-gaap:RetainedEarningsMember 2017-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember 2018-01-01 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 srt:NonGuarantorSubsidiariesMember phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember us-gaap:LandMember 2018-01-01 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 us-gaap:RetainedEarningsMember 2016-01-01 2016-12-31 0000822416 srt:NonGuarantorSubsidiariesMember us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:IntersegmentEliminationMember phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 srt:ParentCompanyMember us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 srt:GuarantorSubsidiariesMember us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0000822416 2018-10-01 2018-12-31 0000822416 2017-10-01 2017-12-31 0000822416 2017-01-01 2017-03-31 0000822416 us-gaap:FairValueAdjustmentToInventoryMember 2017-04-01 2017-06-30 0000822416 phm:LandInventoryImpairmentsMember 2018-10-01 2018-12-31 0000822416 2017-07-01 2017-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-12-31 0000822416 phm:LandInventoryImpairmentsMember 2017-10-01 2017-12-31 0000822416 phm:LandInventoryImpairmentsMember 2017-04-01 2017-06-30 0000822416 2018-04-01 2018-06-30 0000822416 us-gaap:FairValueAdjustmentToInventoryMember 2018-10-01 2018-12-31 0000822416 us-gaap:FinancialServiceMember 2018-01-01 2018-03-31 0000822416 phm:TotalHomebuildingMember 2018-04-01 2018-06-30 0000822416 2018-01-01 2018-03-31 0000822416 phm:TotalHomebuildingMember 2018-10-01 2018-12-31 0000822416 2018-07-01 2018-09-30 0000822416 phm:TotalHomebuildingMember 2018-07-01 2018-09-30 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-12-31 0000822416 us-gaap:FinancialServiceMember 2018-07-01 2018-09-30 0000822416 phm:TotalHomebuildingMember 2018-01-01 2018-03-31 0000822416 us-gaap:FinancialServiceMember 2018-04-01 2018-06-30 0000822416 us-gaap:FinancialServiceMember 2018-10-01 2018-12-31 0000822416 phm:TotalHomebuildingMember 2017-01-01 2017-03-31 0000822416 phm:TotalHomebuildingMember 2017-07-01 2017-09-30 0000822416 phm:TotalHomebuildingMember 2017-10-01 2017-12-31 0000822416 us-gaap:FinancialServiceMember 2017-01-01 2017-03-31 0000822416 phm:TotalHomebuildingMember 2017-04-01 2017-06-30 0000822416 us-gaap:FinancialServiceMember 2017-10-01 2017-12-31 0000822416 us-gaap:RetainedEarningsMember 2015-12-31 0000822416 us-gaap:FinancialServiceMember 2017-04-01 2017-06-30 0000822416 us-gaap:FinancialServiceMember 2017-07-01 2017-09-30 0000822416 2016-12-31 0000822416 2018-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0000822416 us-gaap:CommonStockMember 2018-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000822416 2015-12-31 0000822416 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000822416 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000822416 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000822416 2017-12-31 0000822416 srt:MaximumMember phm:SoftwareAndHardwareMember 2018-01-01 2018-12-31 0000822416 srt:MaximumMember phm:ModelParkImprovementsAndFurnishingsMember 2018-01-01 2018-12-31 0000822416 us-gaap:RestrictedStockMember 2018-01-01 2018-12-31 0000822416 phm:JWHomesWielandMember 2016-01-01 2016-01-31 0000822416 phm:LandSalesMember 2018-01-01 2018-12-31 0000822416 srt:MinimumMember us-gaap:EquipmentMember 2018-01-01 2018-12-31 0000822416 phm:FinancialServicesMember 2018-01-01 2018-12-31 0000822416 srt:MinimumMember phm:ModelParkImprovementsAndFurnishingsMember 2018-01-01 2018-12-31 0000822416 us-gaap:InterestRateLockCommitmentsMember 2017-12-31 0000822416 us-gaap:ForwardContractsMember 2018-12-31 0000822416 2016-01-01 2016-12-31 0000822416 phm:FinancialServicesMember 2016-01-01 2016-12-31 0000822416 srt:MinimumMember phm:SoftwareAndHardwareMember 2018-01-01 2018-12-31 0000822416 phm:JWHomesWielandMember phm:JWHomesWielandMember 2016-03-31 0000822416 phm:JWHomesWielandMember phm:JWHomesWielandMember 2016-03-31 0000822416 srt:MaximumMember us-gaap:EquipmentMember 2018-01-01 2018-12-31 0000822416 us-gaap:ForwardContractsMember 2017-12-31 0000822416 2018-01-01 0000822416 phm:JWHomesWielandMember 2016-03-31 0000822416 us-gaap:InterestRateLockCommitmentsMember 2018-12-31 0000822416 us-gaap:LoanPurchaseCommitmentsMember 2017-12-31 0000822416 us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 phm:JWHomesWielandMember phm:LandOptionContractsMember 2016-03-31 0000822416 phm:FinancialServicesMember 2017-01-01 2017-12-31 0000822416 us-gaap:AccountingStandardsUpdate201602Member us-gaap:ProFormaMember 2019-01-01 0000822416 us-gaap:LoanPurchaseCommitmentsMember 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2018-01-01 2018-12-31 0000822416 us-gaap:HomeBuildingMember 2016-01-01 2016-12-31 0000822416 us-gaap:HomeBuildingMember 2017-01-01 2017-12-31 0000822416 phm:OtherLandOptionAgreementsMember 2018-12-31 0000822416 phm:OtherLandOptionAgreementsMember 2017-12-31 0000822416 phm:ConsolidatedandUnconsolidatedVIEsMember 2018-12-31 0000822416 2017-01-01 2017-12-31 0000822416 phm:ConsolidatedandUnconsolidatedVIEsMember 2017-12-31 0000822416 phm:ImpairedInventoryMember 2018-12-31 0000822416 phm:ImpairedInventoryMember 2017-01-01 2017-12-31 0000822416 phm:ImpairedInventoryMember 2016-01-01 2016-12-31 0000822416 phm:ImpairedInventoryMember 2018-01-01 2018-12-31 0000822416 phm:ImpairedInventoryMember 2016-12-31 0000822416 phm:ImpairedInventoryMember 2017-12-31 0000822416 us-gaap:MeasurementInputDiscountRateMember phm:ImpairedInventoryMember 2016-12-31 0000822416 phm:ImpairedCommunityMember 2018-01-01 2018-12-31 0000822416 phm:AllOtherCommunitiesMember 2017-01-01 2017-12-31 0000822416 phm:TotalHomebuildingMember 2018-01-01 2018-12-31 0000822416 2017-06-30 0000822416 phm:AllOtherCommunitiesMember 2018-01-01 2018-12-31 0000822416 phm:May2017StrategicReviewCommunitiesMember 2017-04-01 2017-06-30 0000822416 2017-04-01 2017-06-30 0000822416 phm:LargeProjectImpairmentMember 2017-01-01 2017-12-31 0000822416 srt:MinimumMember phm:ImpairedInventoryMember 2017-12-31 0000822416 srt:MaximumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MinimumMember phm:ImpairedInventoryMember 2016-12-31 0000822416 srt:MaximumMember phm:ImpairedInventoryMember 2018-12-31 0000822416 srt:MinimumMember phm:MeasurementInputQuarterlySalesPaceMember phm:ImpairedInventoryMember 2017-12-31 phm:home shares phm:lot phm:impaired_community phm:inactive_community iso4217:USD phm:inacitve_lot pure iso4217:USD shares phm:segment phm:transaction phm:claim false --12-31 FY 2018 2018-12-31 10-K 0000822416 277142007 Yes false Large Accelerated Filer 8132221388 PULTEGROUP INC/MI/ false false No Yes 563000 109000 818000 207000 586000 287000 5 3 11 0.25 1 0.12 11 0.22 2 0.12 2 6 72780000 54381000 0.01 0.01 500000000 500000000 286752436 277109507 286752436 277109507 0.06 0.06375 0.07875 0.06 0.06375 0.07875 February 2035 May 2033 June 2032 February 2035 May 2033 June 2032 2019-08-02 2023-06-22 2018-06-22 294559000 0.01 0.01 25000000 25000000 0 0 P3Y 0.01 10.01 10.00 20.00 P1Y2M12D P2Y1M6D P0Y9M18D 1110088000 272683000 23612000 33485000 1133700000 306168000 7253353000 7147130000 36849000 68384000 461354000 570600000 54590000 62957000 830359000 745123000 127192000 140992000 275579000 645295000 10172976000 9686649000 352029000 393815000 254624000 250779000 1360483000 1356333000 11580000 86925000 348412000 437804000 3028066000 3006967000 5355194000 5532623000 0 0 2771000 2868000 3201427000 3171542000 -345000 -445000 1613929000 980061000 4817782000 4154026000 10172976000 9686649000 9818445000 8323984000 7451315000 164504000 61542000 44089000 9982949000 8385526000 7495404000 205382000 192160000 181126000 10188331000 8577686000 7676530000 7540937000 6461152000 5587974000 126560000 134449000 32115000 7667497000 6595601000 5620089000 147422000 119289000 108573000 1012023000 891581000 957150000 -13849000 -32387000 -56868000 1347540000 938828000 933850000 325517000 491607000 331147000 1022023000 447221000 602703000 3.56 1.45 1.76 3.55 1.44 1.75 0.38 0.36 0.36 283578000 305089000 339747000 1287000 1725000 2376000 284865000 306814000 342123000 1022023000 447221000 602703000 100000 81000 83000 100000 81000 83000 1022123000 447302000 602786000 349149000 3491000 3093802000 -609000 1662641000 4759325000 498000 5000 5840000 0 0 5845000 530000 5000 8851000 8856000 0 122240000 122240000 31087000 310000 602896000 603206000 0 18626000 0 0 18626000 10629000 10629000 602703000 602703000 83000 83000 319090000 3191000 3116490000 -526000 1540208000 4659363000 0 -406000 0 18644000 18238000 2352000 24000 27696000 27720000 730000 10000 3555000 3565000 0 110046000 110046000 35420000 357000 915966000 916323000 0 24207000 0 0 24207000 0 0 447221000 447221000 81000 81000 286752000 2868000 3171542000 -445000 980061000 4154026000 0 0 0 0 22411000 22411000 605000 6000 6549000 0 0 6555000 935000 9000 3475000 3484000 0 108489000 108489000 11182000 112000 284000 302077000 302473000 0 20145000 0 0 20145000 1022023000 1022023000 100000 100000 277110000 2771000 3201427000 -345000 1613929000 4817782000 1022023000 447221000 602703000 -362777000 -422307000 -334787000 99446000 191913000 19357000 49429000 50998000 54007000 28290000 33683000 22228000 0 0 -657000 3612000 1789000 -1614000 50362000 569030000 897092000 -107330000 33009000 99527000 64174000 -55099000 45721000 -101403000 65684000 75257000 1449744000 663077000 68270000 59039000 32051000 39295000 1000000 23037000 14539000 0 0 430458000 -18097000 -4846000 -13100000 -41942000 -50242000 -471192000 8164000 0 1995937000 82775000 134747000 986919000 1566000000 2720000000 619000000 1566000000 2720000000 619000000 -89393000 106183000 63744000 6555000 27720000 5845000 302473000 916323000 603206000 104020000 112748000 124666000 -580270000 -1029915000 350735000 827532000 -417080000 -52187000 306168000 723248000 775435000 1133700000 306168000 723248000 557000 -942000 -26538000 89204000 14875000 2743000 Summary of significant accounting policies<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of presentation</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">PulteGroup, Inc. is one of the largest homebuilders in the U.S., and our common shares trade on the New York Stock Exchange under the ticker symbol “PHM”. Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also have mortgage banking operations, conducted principally through Pulte Mortgage LLC (“Pulte Mortgage”), and title and insurance brokerage operations. </span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include the accounts of PulteGroup, Inc. and all of its direct and indirect subsidiaries and variable interest entities in which PulteGroup, Inc. is deemed to be the primary beneficiary. All significant intercompany accounts, transactions, and balances have been eliminated in consolidation.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Business acquisitions</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We acquired substantially all of the assets of JW Homes ("Wieland") in January 2016, for </span><span style="font-family:inherit;font-size:10pt;"><span>$430.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> in cash and the assumption of certain payables related to such assets. The acquired net assets were located in Atlanta, Charleston, Charlotte, Nashville, and Raleigh, and included approximately </span><span style="font-family:inherit;font-size:10pt;"><span>7,000</span></span><span style="font-family:inherit;font-size:10pt;"> lots, including </span><span style="font-family:inherit;font-size:10pt;"><span>375</span></span><span style="font-family:inherit;font-size:10pt;"> homes in inventory, and control of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>1,300</span></span><span style="font-family:inherit;font-size:10pt;"> lots through land option contracts. We also assumed a sales order backlog of </span><span style="font-family:inherit;font-size:10pt;"><span>317</span></span><span style="font-family:inherit;font-size:10pt;"> homes. The acquired net assets were recorded at their estimated fair values and resulted in goodwill of </span><span style="font-family:inherit;font-size:10pt;"><span>$40.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and separately identifiable intangible assets of </span><span style="font-family:inherit;font-size:10pt;"><span>$18.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> comprised of the John Wieland Homes and Neighborhoods tradename, which is being amortized over a </span><span style="font-family:inherit;font-size:10pt;"><span>20</span></span><span style="font-family:inherit;font-size:10pt;">-year life. The acquisition of these assets was not material to our results of operations or financial condition.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effective with our first quarter 2018 reporting, we reclassified customer deposit income from other expense, net to land sale and other revenues. All prior period amounts have been reclassified to conform to the current presentation.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Subsequent events</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission ("SEC").</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cash and equivalents</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents include institutional money market investments and time deposits with a maturity of three months or less when acquired. Cash and equivalents at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;"> also included </span><span style="font-family:inherit;font-size:10pt;"><span>$40.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$80.3 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Restricted cash</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We maintain certain cash balances that are restricted as to their use, including customer deposits on home sales that are temporarily restricted by regulatory requirements until title transfers to the homebuyer. Total cash, cash equivalents, and restricted cash includes restricted cash balances of </span><span style="font-family:inherit;font-size:10pt;"><span>$23.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$33.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investments in unconsolidated entities</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We have investments in a number of unconsolidated entities, including joint ventures, with independent third parties. The equity method of accounting is used for unconsolidated entities over which we have significant influence; generally this represents ownership interests of at least 20% and not more than 50%. Under the equity method of accounting, we recognize our proportionate share of the earnings and losses of these entities. Certain of these entities sell land to us. We defer the recognition of profits from such activities until the time we ultimately sell the related land.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We evaluate our investments in unconsolidated entities for recoverability in accordance with Accounting Standards Codification (“ASC”) 323, “Investments – Equity Method and Joint Ventures” (“ASC 323”). If we determine that a loss in the value of the investment is other than temporary, we write down the investment to its estimated fair value. Any such losses are recorded to equity in (earnings) loss of unconsolidated entities, which is reflected in other expense, net. Due to uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. See </span><a href="#s642D0AC606E7C4280A88CFAC71D690E9" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 4</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Intangible assets</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Goodwill, which represents the cost of acquired businesses in excess of the fair value of the net assets of such businesses at the acquisition date, was recorded as the result of the Wieland acquisition and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$40.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">. We assess goodwill for impairment annually in the fourth quarter and if events or changes in circumstances indicate the carrying amount may not be recoverable.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets also include tradenames acquired in connection with the 2016 acquisition of Wieland, the 2009 acquisition of Centex, and the 2001 acquisition of Del Webb, all of which are being amortized over </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>20</span></span><span style="font-family:inherit;font-size:10pt;">-year lives. The acquired cost and accumulated amortization of our tradenames were </span><span style="font-family:inherit;font-size:10pt;"><span>$277.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$190.2 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$277.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$176.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. Amortization expense totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$13.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively, and is expected to</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;">be </span><span style="font-family:inherit;font-size:10pt;"><span>$13.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> in 2019, </span><span style="font-family:inherit;font-size:10pt;"><span>$13.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> in 2020, </span><span style="font-family:inherit;font-size:10pt;"><span>$10.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> in 2021, and </span><span style="font-family:inherit;font-size:10pt;"><span>$5.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> in 2022. The ultimate realization of these assets is dependent upon the future cash flows and benefits that we expect to generate from their use. We assess tradenames for impairment if events or changes in circumstances indicate the carrying amount may not be recoverable.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Property and equipment, net, and depreciation</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed by the straight-line method based upon estimated useful lives as follows: office furniture and equipment - </span><span style="font-family:inherit;font-size:10pt;"><span>3</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>10</span></span><span style="font-family:inherit;font-size:10pt;"> years; leasehold improvements - life of the lease; software and hardware - </span><span style="font-family:inherit;font-size:10pt;"><span>3</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>5</span></span><span style="font-family:inherit;font-size:10pt;"> years; model park improvements and furnishings - </span><span style="font-family:inherit;font-size:10pt;"><span>1</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>5</span></span><span style="font-family:inherit;font-size:10pt;"> years. Property and equipment are included in other assets and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$92.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> net of accumulated depreciation of </span><span style="font-family:inherit;font-size:10pt;"><span>$209.3 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$70.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> net of accumulated depreciation of </span><span style="font-family:inherit;font-size:10pt;"><span>$206.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. Depreciation expense totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$35.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$37.2 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$40.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;padding-left:24px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Advertising costs</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Advertising costs are expensed to selling, general, and administrative expense as incurred and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$51.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$45.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$50.7 million</span></span><span style="font-family:inherit;font-size:10pt;">, in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Employee benefits</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We maintain a defined contribution retirement plan that covers substantially all of our employees. Company contributions to the plan totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$17.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$15.7 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$14.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;padding-left:24px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other expense, net</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net consists of the following ($000’s omitted):</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.4296875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Write-offs of deposits and pre-acquisition costs </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 2)</span></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,992</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,367</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(17,157</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Lease exit and related costs</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> (a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(240</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,729</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,643</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization of intangible assets </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 1)</span></a></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,800</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,800</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,800</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest expense</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(618</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(503</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(686</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,593</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,537</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,236</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in earnings (loss) of unconsolidated entities (</span><a href="#s642D0AC606E7C4280A88CFAC71D690E9" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 4</span></a><span style="font-family:inherit;font-size:10pt;">) </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,690</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,985</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,337</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Miscellaneous, net </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,518</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,540</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,155</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total other expense, net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,849</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,387</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(56,868</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Lease exit and related costs resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes an </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">$8.0 million</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> impairment of an investment in an unconsolidated entity in 2017 (see </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Miscellaneous, net includes a charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to the settlement of a disputed land transaction (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Earnings per share</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares, adjusted for unvested shares, (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price of our common shares are considered anti-dilutive and excluded from the diluted earnings per share calculation. Our earnings per share excluded </span><span style="font-family:inherit;font-size:10pt;"><span>1.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> potentially dilutive instruments in </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">. Anti-dilutive shares were immaterial in 2018 and 2017.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In accordance with ASC 260 "Earnings Per Share" ("ASC 260"), the two-class method determines earnings per share for each class of common share and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities. The following table presents the earnings per common share (000's omitted, except per share data):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.7734375%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:54%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,703</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: earnings distributed to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,208</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,192</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,100</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: undistributed earnings allocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,984</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,380</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,622</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator for basic earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,010,831</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>442,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>597,981</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Add back: undistributed earnings allocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,984</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,380</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,622</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: undistributed earnings reallocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,939</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,361</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,602</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator for diluted earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,010,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>442,668</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>598,001</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Denominator:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>283,578</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>305,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339,747</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of dilutive securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,725</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,376</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>342,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Earnings per share:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.56</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.45</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.76</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.55</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.44</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.75</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:8pt;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Share-based compensation</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We measure compensation cost for restricted shares and restricted share units at fair value on the grant date. Fair value is determined based on the quoted price of our common shares on the grant date. We recognize compensation expense for restricted shares and restricted share units, the majority of which cliff vest at the end of </span><span style="font-family:inherit;font-size:10pt;"><span>three years</span></span><span style="font-family:inherit;font-size:10pt;">, ratably over the vesting period. For share-based awards containing performance conditions, we recognize compensation expense ratably over the vesting period when it is probable that the stated performance targets will be achieved and record cumulative adjustments in the period in which estimates change. Compensation expense related to our share-based awards is included in selling, general, and administrative expense, except for a small portion recognized in Financial Services expenses. See </span><a href="#s092D1D789C79480CDD3DCFAC724337BD" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 7</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Income taxes</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The provision for income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is primarily dependent upon the generation of future taxable income. In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment is required. Differences between the anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated results of operations or financial position. </span></div><div style="line-height:120%;padding-left:24px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">    </span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We follow the provisions of ASC 740 which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Significant judgment is required to evaluate uncertain tax positions. Our evaluations of tax positions consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlements of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in income tax expense (benefit) in the period in which the change is made. Interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense (benefit). See </span><a href="#sAA228A4519F4C3F4BCB4CFAC72A185A0" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 8</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue recognition</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Home sale revenues</span><span style="font-family:inherit;font-size:10pt;"> - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$254.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$250.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. </span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Land sale revenues</span><span style="font-family:inherit;font-size:10pt;"> - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, we closed on a number of land sale transactions that generated gains totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$31.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Financial services revenues</span><span style="font-family:inherit;font-size:10pt;"> - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on home and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are considered satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$30.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. Contract assets totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$27.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">New accounting pronouncements"</span><span style="font-family:inherit;font-size:10pt;"> within </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 1</span></a><span style="font-family:inherit;font-size:10pt;"> for further discussion.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Sales incentives</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">When sales incentives involve a discount on the selling price of the home, we record the discount as a reduction of revenue at the time of house closing. If the sales incentive requires us to provide a free product or service to the customer, the cost of the free product or service is recorded as cost of revenues at the time of house closing. This includes the cost related to optional upgrades and seller-paid financing costs, closing costs, homeowners’ association fees, or merchandise.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Inventory and cost of revenues</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Inventory is stated at cost unless the carrying value is determined to not be recoverable, in which case the affected inventory is written down to fair value. Cost includes land acquisition, land development, and home construction costs, including interest, real estate taxes, and certain direct and indirect overhead costs related to development and construction. For those communities for which construction and development activities have been idled, applicable interest and real estate taxes are expensed as incurred. Land acquisition and development costs are allocated to individual lots using an average lot cost determined based on the total expected land acquisition and development costs and the total expected home closings for the community. The specific identification method is used to accumulate home construction costs.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cost of revenues includes the construction cost, average lot cost, estimated warranty costs, and closing costs applicable to the home. Sales commissions are classified within selling, general, and administrative expenses. The construction cost of the home includes amounts paid through the closing date of the home, plus an accrual for costs incurred but not yet paid. Total community land acquisition and development costs are based on an analysis of budgeted costs compared with actual costs incurred to date and estimates to complete. The development cycles for our communities range from under one year to in excess of ten years for certain master planned communities. Adjustments to estimated total land acquisition and development costs for the community affect the amounts costed for the community’s remaining lots. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">    </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We test inventory for impairment when events and circumstances indicate that the undiscounted cash flows estimated to be generated by the community may be less than its carrying amount. Such indicators include gross margins or sales paces significantly below expectations, construction costs or land development costs significantly in excess of budgeted amounts, significant delays or changes in the planned development or strategy for the community, and other known qualitative factors. Communities that demonstrate potential impairment indicators are tested for impairment by comparing the expected undiscounted cash flows for the community to its carrying value. For those communities whose carrying values exceed the expected undiscounted cash flows, we estimate the fair value of the community, and impairment charges are recorded if the fair value of the community's inventory is less than its carrying value. See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land held for sale</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land held for sale is recorded at the lower of cost or fair value less costs to sell. In determining the value of land held for sale, we consider recent offers received, prices for land in recent comparable sales transactions, and other factors. We record net realizable value adjustments for land held for sale within Homebuilding land sale cost of revenues. See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land option agreements</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net.  See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">If an entity holding the land under option is a variable interest entity (“VIE”), our deposit represents a variable interest in that entity. </span><span style="font-family:inherit;font-size:10pt;"><span>No</span></span><span style="font-family:inherit;font-size:10pt;"> VIEs required consolidation at either </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> or </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;"> because we determined that we were not the primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the applicable land option agreements. The following provides a summary of our interests in land option agreements ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:70.703125%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:29%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and<br/>Pre-acquisition<br/>Costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Remaining Purchase<br/>Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and<br/>Pre-acquisition<br/>Costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Remaining Purchase<br/>Price</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land options with VIEs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,717</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,079,507</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>977,480</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other land options</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>127,851</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,522,903</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>129,098</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,485,099</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>218,568</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,602,410</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>207,987</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,462,579</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Allowance for warranties</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home's construction and operating systems for periods of up to 10 years. We estimate the costs to be incurred under these warranties and record a liability in the amount of such costs at the time revenue is recognized (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;">).</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Self-insured risks</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We maintain, and require the majority of our subcontractors to maintain, general liability insurance coverage, including coverage for certain construction defects. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. However, we retain a significant portion of the overall risk for such claims. We reserve for these costs on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims, which include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from our subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. See </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Residential mortgage loans available-for-sale</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale. Election of the fair value option for these loans allows a better offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without having to apply complex hedge accounting provisions. We do not designate any derivative instruments as hedges or apply the hedge accounting provisions of ASC 815, “Derivatives and Hedging.” See </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;"> for discussion of the risks retained related to mortgage loan originations.</span><span style="font-family:inherit;font-size:8pt;"> </span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment.  Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, residential mortgage loans available-for-sale had an aggregate fair value of </span><span style="font-family:inherit;font-size:10pt;"><span>$461.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$570.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and an aggregate outstanding principal balance of </span><span style="font-family:inherit;font-size:10pt;"><span>$444.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$553.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$0.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$(2.2) million</span></span><span style="font-family:inherit;font-size:10pt;"> for the years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. These changes in fair value were substantially offset by changes in fair value of the corresponding hedging instruments. Net gains from the sale of mortgages during </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;"> were </span><span style="font-family:inherit;font-size:10pt;"><span>$111.3 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$110.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$109.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and have been included in Financial Services revenues.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Mortgage servicing rights</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the servicing rights for only a short period of time. The servicing sales contracts provide for the reimbursement of payments made by the purchaser if loans prepay within specified periods of time, generally within 90 to 120 days after sale. We establish reserves for this exposure at the time the sale is recorded. Such reserves were immaterial at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Loans held for investment</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We maintain a portfolio of loans that either have been repurchased from investors or were not saleable upon closing. We have the intent and ability to hold these loans for the foreseeable future or until maturity or payoff. These loans are reviewed annually for impairment, or when recoverability becomes doubtful. Loans held for investment are included in other assets and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$8.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$11.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Interest income on mortgage loans</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest income on mortgage loans is recorded in Financial Services revenues, accrued from the date a mortgage loan is originated until the loan is sold, and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$11.3 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$9.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$8.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively. Loans are placed on non-accrual status once they become greater than </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>90</span></span><span style="font-family:inherit;font-size:10pt;"> days past due their contractual terms. Subsequent payments received are applied according to the contractual terms of the loan. Mortgage discounts are not amortized as interest income due to the short period the loans are held until sale to third party investors. </span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative instruments and hedging activities</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, we had aggregate IRLCs of </span><span style="font-family:inherit;font-size:10pt;"><span>$285.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$210.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, we had unexpired forward contracts of </span><span style="font-family:inherit;font-size:10pt;"><span>$511.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$522.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and whole loan investor commitments of </span><span style="font-family:inherit;font-size:10pt;"><span>$187.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$203.1 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>60</span></span><span style="font-family:inherit;font-size:10pt;"> days.</span><span style="font-family:inherit;font-size:8pt;"> </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:95.5078125%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:33%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Liabilities</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest rate lock commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,196</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>161</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,990</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>407</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forward contracts</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>315</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,229</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>432</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>817</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whole loan commitments</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>393</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>794</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>941</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,904</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,501</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,216</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,165</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">New accounting pronouncements</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On January 1, 2018, we adopted ASC 606, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of </span><span style="font-family:inherit;font-size:10pt;"><span>$22.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 in 2018, and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On January 1, 2018, we adopted Accounting Standards Update ("ASU") No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), on a retrospective basis. ASU 2016-15 addresses several specific cash flow issues. The adoption of ASU 2016-15 had no effect on our financial statements.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">ASC 842, "Leases", becomes effective for us for interim and annual periods beginning January 1, 2019. The standard requires that lease assets and liabilities be recognized on the balance sheet and that key information about leasing arrangements be disclosed. Upon adoption, we expect to recognize additional lease assets and liabilities of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$80 million</span></span><span style="font-family:inherit;font-size:10pt;"> to reflect the present value of remaining lease payments under existing leasing arrangements. While the recognition of such lease assets and liabilities will impact our consolidated balance sheet, we do not expect a material impact on our consolidated statements of operations or cash flows. We also do not expect significant changes to our business processes, systems, or internal controls as a result of implementing the standard. We have elected to apply the modified retrospective transition approach, so financial information will not be updated for periods prior to January 1, 2019. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment." ("ASU 2017-04"), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect ASU 2017-04 to have a material impact on our financial statements. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include the accounts of PulteGroup, Inc. and all of its direct and indirect subsidiaries and variable interest entities in which PulteGroup, Inc. is deemed to be the primary beneficiary. All significant intercompany accounts, transactions, and balances have been eliminated in consolidation. Business acquisitions<div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We acquired substantially all of the assets of JW Homes ("Wieland") in January 2016, for </span><span style="font-family:inherit;font-size:10pt;"><span>$430.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> in cash and the assumption of certain payables related to such assets. The acquired net assets were located in Atlanta, Charleston, Charlotte, Nashville, and Raleigh, and included approximately </span><span style="font-family:inherit;font-size:10pt;"><span>7,000</span></span><span style="font-family:inherit;font-size:10pt;"> lots, including </span><span style="font-family:inherit;font-size:10pt;"><span>375</span></span><span style="font-family:inherit;font-size:10pt;"> homes in inventory, and control of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>1,300</span></span><span style="font-family:inherit;font-size:10pt;"> lots through land option contracts. We also assumed a sales order backlog of </span><span style="font-family:inherit;font-size:10pt;"><span>317</span></span><span style="font-family:inherit;font-size:10pt;"> homes. The acquired net assets were recorded at their estimated fair values and resulted in goodwill of </span><span style="font-family:inherit;font-size:10pt;"><span>$40.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and separately identifiable intangible assets of </span><span style="font-family:inherit;font-size:10pt;"><span>$18.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> comprised of the John Wieland Homes and Neighborhoods tradename, which is being amortized over a </span><span style="font-family:inherit;font-size:10pt;"><span>20</span></span><span style="font-family:inherit;font-size:10pt;">-year life. The acquisition of these assets was not material to our results of operations or financial condition.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 430500000 7000 375 1300 317 40400000 18000000.0 P20Y The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. <br/>Effective with our first quarter 2018 reporting, we reclassified customer deposit income from other expense, net to land sale and other revenues. All prior period amounts have been reclassified to conform to the current presentation. We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission ("SEC"). Cash and equivalents include institutional money market investments and time deposits with a maturity of three months or less when acquired. Cash and equivalents at <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;"> also included </span><span style="font-family:inherit;font-size:10pt;"><span>$40.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$80.3 million</span></span>, respectively, of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit. 40900000 80300000 We maintain certain cash balances that are restricted as to their use, including customer deposits on home sales that are temporarily restricted by regulatory requirements until title transfers to the homebuyer. Total cash, cash equivalents, and restricted cash includes restricted cash balances of <span style="font-family:inherit;font-size:10pt;"><span>$23.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$33.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. </span><br/> 23600000 33500000 We have investments in a number of unconsolidated entities, including joint ventures, with independent third parties. The equity method of accounting is used for unconsolidated entities over which we have significant influence; generally this represents ownership interests of at least 20% and not more than 50%. Under the equity method of accounting, we recognize our proportionate share of the earnings and losses of these entities. Certain of these entities sell land to us. We defer the recognition of profits from such activities until the time we ultimately sell the related land.<div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">We evaluate our investments in unconsolidated entities for recoverability in accordance with Accounting Standards Codification (“ASC”) 323, “Investments – Equity Method and Joint Ventures” (“ASC 323”). If we determine that a loss in the value of the investment is other than temporary, we write down the investment to its estimated fair value. Any such losses are recorded to equity in (earnings) loss of unconsolidated entities, which is reflected in other expense, net. Due to uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. See </span><a href="#s642D0AC606E7C4280A88CFAC71D690E9" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 4</span></a>. Goodwill, which represents the cost of acquired businesses in excess of the fair value of the net assets of such businesses at the acquisition date, was recorded as the result of the Wieland acquisition and totaled <span style="font-family:inherit;font-size:10pt;"><span>$40.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">. We assess goodwill for impairment annually in the fourth quarter and if events or changes in circumstances indicate the carrying amount may not be recoverable.</span><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Intangible assets also include tradenames acquired in connection with the 2016 acquisition of Wieland, the 2009 acquisition of Centex, and the 2001 acquisition of Del Webb, all of which are being amortized over </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>20</span></span><span style="font-family:inherit;font-size:10pt;">-year lives. The acquired cost and accumulated amortization of our tradenames were </span><span style="font-family:inherit;font-size:10pt;"><span>$277.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$190.2 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$277.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$176.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. Amortization expense totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$13.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively, and is expected to</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><span style="font-family:inherit;font-size:10pt;">be </span><span style="font-family:inherit;font-size:10pt;"><span>$13.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> in 2019, </span><span style="font-family:inherit;font-size:10pt;"><span>$13.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> in 2020, </span><span style="font-family:inherit;font-size:10pt;"><span>$10.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> in 2021, and </span><span style="font-family:inherit;font-size:10pt;"><span>$5.7 million</span></span> in 2022. The ultimate realization of these assets is dependent upon the future cash flows and benefits that we expect to generate from their use. We assess tradenames for impairment if events or changes in circumstances indicate the carrying amount may not be recoverable. 40400000 P20Y 277000000.0 190200000 277000000.0 176400000 13800000 13800000 13800000 10400000 5700000 Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed by the straight-line method based upon estimated useful lives as follows: office furniture and equipment - <span style="font-family:inherit;font-size:10pt;"><span>3</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>10</span></span><span style="font-family:inherit;font-size:10pt;"> years; leasehold improvements - life of the lease; software and hardware - </span><span style="font-family:inherit;font-size:10pt;"><span>3</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>5</span></span><span style="font-family:inherit;font-size:10pt;"> years; model park improvements and furnishings - </span><span style="font-family:inherit;font-size:10pt;"><span>1</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>5</span></span><span style="font-family:inherit;font-size:10pt;"> years. Property and equipment are included in other assets and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$92.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> net of accumulated depreciation of </span><span style="font-family:inherit;font-size:10pt;"><span>$209.3 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$70.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> net of accumulated depreciation of </span><span style="font-family:inherit;font-size:10pt;"><span>$206.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. Depreciation expense totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$35.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$37.2 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$40.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span><br/> P3Y P10Y P3Y P5Y P1Y P5Y 92900000 209300000 70700000 206500000 35600000 37200000 40200000 Advertising costs are expensed to selling, general, and administrative expense as incurred and totaled <span style="font-family:inherit;font-size:10pt;"><span>$51.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$45.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$50.7 million</span></span><span style="font-family:inherit;font-size:10pt;">, in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span>, respectively. 51000000.0 45000000.0 50700000 We maintain a defined contribution retirement plan that covers substantially all of our employees. Company contributions to the plan totaled <span style="font-family:inherit;font-size:10pt;"><span>$17.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$15.7 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$14.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span><br/> 17900000 15700000 14600000 Other expense, net consists of the following ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.4296875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Write-offs of deposits and pre-acquisition costs </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 2)</span></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,992</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,367</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(17,157</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Lease exit and related costs</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> (a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(240</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,729</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,643</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization of intangible assets </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 1)</span></a></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,800</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,800</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,800</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest expense</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(618</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(503</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(686</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,593</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,537</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,236</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in earnings (loss) of unconsolidated entities (</span><a href="#s642D0AC606E7C4280A88CFAC71D690E9" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 4</span></a><span style="font-family:inherit;font-size:10pt;">) </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,690</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,985</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,337</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Miscellaneous, net </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,518</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,540</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,155</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total other expense, net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,849</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,387</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(56,868</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Lease exit and related costs resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes an </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">$8.0 million</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> impairment of an investment in an unconsolidated entity in 2017 (see </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div><span style="font-family:inherit;font-size:10pt;font-style:italic;">Miscellaneous, net includes a charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to the settlement of a disputed land transaction (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a>). 16992000 11367000 17157000 -240000 -1729000 -11643000 13800000 13800000 13800000 618000 503000 686000 7593000 2537000 3236000 2690000 -1985000 8337000 7518000 5540000 25155000 -13849000 -32387000 -56868000 15000000.0 Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares, adjusted for unvested shares, (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price of our common shares are considered anti-dilutive and excluded from the diluted earnings per share calculation. Our earnings per share excluded <span style="font-family:inherit;font-size:10pt;"><span>1.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> potentially dilutive instruments in </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">. Anti-dilutive shares were immaterial in 2018 and 2017.</span><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>In accordance with ASC 260 "Earnings Per Share" ("ASC 260"), the two-class method determines earnings per share for each class of common share and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities 1800000 The following table presents the earnings per common share (000's omitted, except per share data):<div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.7734375%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:54%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,703</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: earnings distributed to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,208</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,192</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,100</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: undistributed earnings allocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,984</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,380</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,622</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator for basic earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,010,831</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>442,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>597,981</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Add back: undistributed earnings allocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,984</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,380</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,622</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: undistributed earnings reallocated to participating securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,939</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,361</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,602</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Numerator for diluted earnings per share</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,010,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>442,668</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>598,001</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Denominator:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>283,578</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>305,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339,747</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of dilutive securities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,725</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,376</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>342,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Earnings per share:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.56</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.45</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.76</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.55</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.44</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.75</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 1022023000 447221000 602703000 1208000 1192000 1100000 9984000 3380000 3622000 1010831000 442649000 597981000 9984000 3380000 3622000 9939000 3361000 3602000 1010876000 442668000 598001000 283578000 305089000 339747000 1287000 1725000 2376000 284865000 306814000 342123000 3.56 1.45 1.76 3.55 1.44 1.75 We measure compensation cost for restricted shares and restricted share units at fair value on the grant date. Fair value is determined based on the quoted price of our common shares on the grant date. We recognize compensation expense for restricted shares and restricted share units, the majority of which cliff vest at the end of <span style="font-family:inherit;font-size:10pt;"><span>three years</span></span><span style="font-family:inherit;font-size:10pt;">, ratably over the vesting period. For share-based awards containing performance conditions, we recognize compensation expense ratably over the vesting period when it is probable that the stated performance targets will be achieved and record cumulative adjustments in the period in which estimates change. Compensation expense related to our share-based awards is included in selling, general, and administrative expense, except for a small portion recognized in Financial Services expenses. See </span><a href="#s092D1D789C79480CDD3DCFAC724337BD" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 7</span></a>. P3Y The provision for income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is primarily dependent upon the generation of future taxable income. In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment is required. Differences between the anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated results of operations or financial position. <div style="line-height:120%;padding-left:24px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">    </span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We follow the provisions of ASC 740 which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Significant judgment is required to evaluate uncertain tax positions. Our evaluations of tax positions consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlements of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in income tax expense (benefit) in the period in which the change is made. Interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense (benefit). See </span><a href="#sAA228A4519F4C3F4BCB4CFAC72A185A0" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 8</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> Revenue recognition<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Home sale revenues</span><span style="font-family:inherit;font-size:10pt;"> - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$254.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$250.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit. </span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Land sale revenues</span><span style="font-family:inherit;font-size:10pt;"> - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, we closed on a number of land sale transactions that generated gains totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$31.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Financial services revenues</span><span style="font-family:inherit;font-size:10pt;"> - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.</span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on home and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are considered satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$30.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. Contract assets totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$27.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">New accounting pronouncements"</span><span style="font-family:inherit;font-size:10pt;"> within </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 1</span></a><span style="font-family:inherit;font-size:10pt;"> for further discussion.</span></div><br/> 254600000 250800000 31400000 30800000 27700000 When sales incentives involve a discount on the selling price of the home, we record the discount as a reduction of revenue at the time of house closing. If the sales incentive requires us to provide a free product or service to the customer, the cost of the free product or service is recorded as cost of revenues at the time of house closing. This includes the cost related to optional upgrades and seller-paid financing costs, closing costs, homeowners’ association fees, or merchandise. Inventory is stated at cost unless the carrying value is determined to not be recoverable, in which case the affected inventory is written down to fair value. Cost includes land acquisition, land development, and home construction costs, including interest, real estate taxes, and certain direct and indirect overhead costs related to development and construction. For those communities for which construction and development activities have been idled, applicable interest and real estate taxes are expensed as incurred. Land acquisition and development costs are allocated to individual lots using an average lot cost determined based on the total expected land acquisition and development costs and the total expected home closings for the community. The specific identification method is used to accumulate home construction costs.<div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cost of revenues includes the construction cost, average lot cost, estimated warranty costs, and closing costs applicable to the home. Sales commissions are classified within selling, general, and administrative expenses. The construction cost of the home includes amounts paid through the closing date of the home, plus an accrual for costs incurred but not yet paid. Total community land acquisition and development costs are based on an analysis of budgeted costs compared with actual costs incurred to date and estimates to complete. The development cycles for our communities range from under one year to in excess of ten years for certain master planned communities. Adjustments to estimated total land acquisition and development costs for the community affect the amounts costed for the community’s remaining lots. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">    </span></div>We test inventory for impairment when events and circumstances indicate that the undiscounted cash flows estimated to be generated by the community may be less than its carrying amount. Such indicators include gross margins or sales paces significantly below expectations, construction costs or land development costs significantly in excess of budgeted amounts, significant delays or changes in the planned development or strategy for the community, and other known qualitative factors. Communities that demonstrate potential impairment indicators are tested for impairment by comparing the expected undiscounted cash flows for the community to its carrying value. For those communities whose carrying values exceed the expected undiscounted cash flows, we estimate the fair value of the community, and impairment charges are recorded if the fair value of the community's inventory is less than its carrying value. See We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land held for sale is recorded at the lower of cost or fair value less costs to sell. In determining the value of land held for sale, we consider recent offers received, prices for land in recent comparable sales transactions, and other factors. We record net realizable value adjustments for land held for sale within Homebuilding land sale cost of revenues. See Note 2 We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net.  See <a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;">.</span><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">If an entity holding the land under option is a variable interest entity (“VIE”), our deposit represents a variable interest in that entity. </span><span style="font-family:inherit;font-size:10pt;"><span>No</span></span><span style="font-family:inherit;font-size:10pt;"> VIEs required consolidation at either </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> or </span><span style="font-family:inherit;font-size:10pt;">2017</span> because we determined that we were not the primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the applicable land option agreements. 0 The following provides a summary of our interests in land option agreements ($000’s omitted):<span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:70.703125%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:29%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and<br/>Pre-acquisition<br/>Costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Remaining Purchase<br/>Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and<br/>Pre-acquisition<br/>Costs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Remaining Purchase<br/>Price</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land options with VIEs</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,717</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,079,507</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,889</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>977,480</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other land options</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>127,851</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,522,903</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>129,098</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,485,099</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>218,568</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,602,410</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>207,987</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,462,579</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 90717000 1079507000 78889000 977480000 127851000 1522903000 129098000 1485099000 218568000 2602410000 207987000 2462579000 Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home's construction and operating systems for periods of up to 10 years. We estimate the costs to be incurred under these warranties and record a liability in the amount of such costs at the time revenue is recognized We maintain, and require the majority of our subcontractors to maintain, general liability insurance coverage, including coverage for certain construction defects. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. However, we retain a significant portion of the overall risk for such claims. We reserve for these costs on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims, which include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from our subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. See <a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;">.</span><br/> Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale. Election of the fair value option for these loans allows a better offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without having to apply complex hedge accounting provisions. We do not designate any derivative instruments as hedges or apply the hedge accounting provisions of ASC 815, “Derivatives and Hedging.” See <a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;"> for discussion of the risks retained related to mortgage loan originations.</span><span style="font-family:inherit;font-size:8pt;"> </span><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment.  Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, residential mortgage loans available-for-sale had an aggregate fair value of </span><span style="font-family:inherit;font-size:10pt;"><span>$461.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$570.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and an aggregate outstanding principal balance of </span><span style="font-family:inherit;font-size:10pt;"><span>$444.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$553.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$0.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$(2.2) million</span></span><span style="font-family:inherit;font-size:10pt;"> for the years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. These changes in fair value were substantially offset by changes in fair value of the corresponding hedging instruments. Net gains from the sale of mortgages during </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;"> were </span><span style="font-family:inherit;font-size:10pt;"><span>$111.3 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$110.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$109.6 million</span></span>, respectively, and have been included in Financial Services revenues. 461400000 570600000 444200000 553500000 700000 -2200000 111300000 110900000 109600000 Mortgage servicing rights<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">We sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the servicing rights for only a short period of time. The servicing sales contracts provide for the reimbursement of payments made by the purchaser if loans prepay within specified periods of time, generally within 90 to 120 days after sale. We establish reserves for this exposure at the time the sale is recorded. Such reserves were immaterial at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span>. We maintain a portfolio of loans that either have been repurchased from investors or were not saleable upon closing. We have the intent and ability to hold these loans for the foreseeable future or until maturity or payoff. These loans are reviewed annually for impairment, or when recoverability becomes doubtful. Loans held for investment are included in other assets and totaled <span style="font-family:inherit;font-size:10pt;"><span>$8.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$11.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span><br/> 8900000 11200000 Interest income on mortgage loans is recorded in Financial Services revenues, accrued from the date a mortgage loan is originated until the loan is sold, and totaled <span style="font-family:inherit;font-size:10pt;"><span>$11.3 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$9.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$8.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively. Loans are placed on non-accrual status once they become greater than </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>90</span></span> days past due their contractual terms. Subsequent payments received are applied according to the contractual terms of the loan. Mortgage discounts are not amortized as interest income due to the short period the loans are held until sale to third party investors 11300000 9500000 8000000.0 P90D We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At <span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, we had aggregate IRLCs of </span><span style="font-family:inherit;font-size:10pt;"><span>$285.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$210.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.</span><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, we had unexpired forward contracts of </span><span style="font-family:inherit;font-size:10pt;"><span>$511.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$522.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, and whole loan investor commitments of </span><span style="font-family:inherit;font-size:10pt;"><span>$187.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$203.1 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>60</span></span> days. 285000000.0 210900000 511000000.0 522000000.0 187800000 203100000 P60D <span style="font-family:inherit;font-size:8pt;"> </span><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted):</span></div><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:95.5078125%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:33%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other Liabilities</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest rate lock commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,196</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>161</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,990</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>407</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forward contracts</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>315</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,229</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>432</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>817</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whole loan commitments</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>393</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>794</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>941</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,904</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,501</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,216</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,165</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 9196000 161000 5990000 407000 315000 7229000 432000 817000 393000 1111000 794000 941000 9904000 8501000 7216000 2165000 22400000 <br/><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">ASC 842, "Leases", becomes effective for us for interim and annual periods beginning January 1, 2019. The standard requires that lease assets and liabilities be recognized on the balance sheet and that key information about leasing arrangements be disclosed. Upon adoption, we expect to recognize additional lease assets and liabilities of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$80 million</span></span><span style="font-family:inherit;font-size:10pt;"> to reflect the present value of remaining lease payments under existing leasing arrangements. While the recognition of such lease assets and liabilities will impact our consolidated balance sheet, we do not expect a material impact on our consolidated statements of operations or cash flows. We also do not expect significant changes to our business processes, systems, or internal controls as a result of implementing the standard. We have elected to apply the modified retrospective transition approach, so financial information will not be updated for periods prior to January 1, 2019. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment." ("ASU 2017-04"), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect ASU 2017-04 to have a material impact on our financial statements. 80000000 Inventory and land held for sale<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Major components of inventory at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;"> were ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:57.6171875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:21%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:21%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homes under construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,630,158</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land under development</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,129,225</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Raw land</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>493,970</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Activity related to interest capitalized into inventory is as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:76.5625%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:47%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest in inventory, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,611</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,097</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>149,498</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest capitalized</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>172,809</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>181,719</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>160,506</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest expensed</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(171,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(141,205</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(123,907</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest in inventory, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>227,495</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,611</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land-related charges</span></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We recorded the following land-related charges ($000's omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:88.8671875%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:37%;"/><td style="width:18%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Statement of Operations Classification</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realizable value adjustments ("NRV") - land held for sale</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,489</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>83,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,105</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land impairments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>70,965</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>88,952</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,074</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Impairments of unconsolidated entities</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,017</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Write-offs of deposits and pre-acquisition costs</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,992</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,367</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,157</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total land-related charges</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>99,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>191,912</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,336</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land-related charges have not been a significant broad-based issue since the U.S. housing recovery began in 2012. However, we experienced changes to facts and circumstances related to specific individual communities in 2018 and 2017 that elevated such charges. </span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As explained in Note 1, we periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. The NRVs in 2017 were primarily the result of a plan we announced in May 2017 to sell select non-core and underutilized land parcels following a strategic review of our land portfolio. As part of that review, we determined that we would sell certain inactive land parcels, representing approximately </span><span style="font-family:inherit;font-size:10pt;"><span>17</span></span><span style="font-family:inherit;font-size:10pt;"> communities and </span><span style="font-family:inherit;font-size:10pt;"><span>4,600</span></span><span style="font-family:inherit;font-size:10pt;"> lots. These land parcels were located in diverse geographic areas and no longer fit into our strategic plans. The land parcels identified for sale included: land requiring significant additional development spend that would not yield suitable returns; land in excess of near-term need; and land entitled for certain product types inconsistent with our primary offerings. As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded NRVs totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$81.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> in the three months ended June 30, 2017, related to inventory with a pre-NRV carrying value of </span><span style="font-family:inherit;font-size:10pt;"><span>$151.0 million</span></span><span style="font-family:inherit;font-size:10pt;">. An additional </span><span style="font-family:inherit;font-size:10pt;"><span>$2.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> of NRVs were recorded throughout 2017 as the result of adjustments to the aforementioned valuations as the sale process progressed or related to other land parcels we chose to sell. The estimated fair values of these inactive land parcels that were held for sale were generally based on comparisons to market comparable transactions, letters of intent, active negotiations with market participants, or similar market-based information supplemented in certain instances by estimated future net cash flows discounted for inherent risk associated with each underlying asset. The majority of these parcels were sold to third parties in either 2017 or 2018; such transactions are classified as land sale revenues.</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land impairments relate to communities that are either active or that we intend to eventually open and build out. On a quarterly basis, we review each of our land positions for potential indicators of impairment and perform detailed impairment calculations for communities that display indicators of potential impairment. </span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In 2018, we received an unfavorable determination related to one of our communities that had been idle while pursuing entitlements for over </span><span style="font-family:inherit;font-size:10pt;"><span>10</span></span><span style="font-family:inherit;font-size:10pt;"> years. This unfavorable determination caused a significant reduction in the number of lots and necessitated certain changes to the expected product offering and land development that, combined with rising costs and a softening in demand in the applicable local market, resulted in an impairment of </span><span style="font-family:inherit;font-size:10pt;"><span>$59.2 million</span></span><span style="font-family:inherit;font-size:10pt;">. Impairments for all other communities in 2018 totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$11.8 million</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div></td></tr></table><div style="line-height:120%;padding-left:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In 2017, our impairments resulted from:</span></div></td></tr></table><div style="line-height:120%;padding-left:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">–</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As part of the May 2017 strategic review, we decided to accelerate the monetization of two communities through a combination of changing the product offerings and lowering the sales prices within the communities. This decision resulted in land impairments of </span><span style="font-family:inherit;font-size:10pt;"><span>$31.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> in the three months ended June 30, 2017.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">–</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Separately, we recorded an impairment charge of </span><span style="font-family:inherit;font-size:10pt;"><span>$53.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> related to one large project. This impairment resulted from increases in our estimates for future land development and house construction costs combined with lower pricing and slower sales paces for this project, which is located in an area where competitive conditions limit our ability to offset our cost increases through higher sales prices. Impairments for all other communities in 2017 totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$4.5 million</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div></td></tr></table><div style="line-height:120%;padding-left:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We determine the fair value of a community's inventory using a combination of discounted cash flow models and market comparable transactions, where available. These estimated cash flows are significantly impacted by estimates related to expected average selling prices, expected sales paces, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. The assumptions used in the cash flow models are specific to each community and typically do not assume improvements in market conditions in the near term. The discount rate used in determining each community's fair value depends on the stage of development of the community and other specific factors that increase or decrease the inherent risks associated with the community's cash flow streams. Accordingly, determining the fair value of a community's inventory involves a number of variables, many of which are interrelated. The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of impaired communities ($000's omitted):</span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.0390625%;border-collapse:collapse;text-align:left;"><tr><td colspan="18"/></tr><tr><td style="width:7%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:2%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:2%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:2%;"/><td style="width:15%;"/><td style="width:2%;"/><td style="width:12%;"/><td style="width:2%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Communities Impaired</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value of Communities Impaired, Net of Impairment Charges</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Impairment Charges</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Selling Price</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Quarterly Sales Pace (homes)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Discount Rate</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2018</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,062</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>70,965</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$287 to $586</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2 to 11</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">12% to 22%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,252</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>88,952</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$207 to $818</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">1 to 11</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">12% to 25%</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2016</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,920</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,074</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$109 to $563</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">3 to 5</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr></table></div></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our evaluations for impairments are based on our best estimates of the future cash flows for our communities. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of certain of our communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land held for sale</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;"> was as follows ($000’s omitted):</span></div><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:55.6640625%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:51%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale, gross</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,037</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>142,070</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realizable value reserves</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,188</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(73,686</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale, net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,849</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> Major components of inventory at <span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;"> were ($000’s omitted):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:57.6171875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:21%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:21%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homes under construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,630,158</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land under development</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,129,225</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Raw land</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>493,970</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 2630158000 2421405000 4129225000 4135814000 493970000 589911000 7253353000 7147130000 Activity related to interest capitalized into inventory is as follows ($000’s omitted):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:76.5625%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:47%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest in inventory, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,611</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,097</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>149,498</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest capitalized</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>172,809</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>181,719</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>160,506</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest expensed</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(171,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(141,205</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(123,907</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest in inventory, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>227,495</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,611</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>186,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 226611000 186097000 149498000 172809000 181719000 160506000 171925000 141205000 123907000 227495000 226611000 186097000 recorded the following land-related charges ($000's omitted):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:88.8671875%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:37%;"/><td style="width:18%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Statement of Operations Classification</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realizable value adjustments ("NRV") - land held for sale</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,489</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>83,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,105</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land impairments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>70,965</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>88,952</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,074</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Impairments of unconsolidated entities</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,017</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Write-offs of deposits and pre-acquisition costs</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,992</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,367</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,157</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total land-related charges</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>99,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>191,912</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,336</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 11489000 83576000 1105000 70965000 88952000 1074000 0 8017000 0 16992000 11367000 17157000 99446000 191912000 19336000 17 4600 81000000.0 151000000.0 2600000 P10Y 59200000 11800000 31500000 53000000.0 4500000 8 24062000 70965000 9 19252000 88952000 2 8920000 1074000 0.12 Land held for sale at <span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;"> was as follows ($000’s omitted):</span><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:55.6640625%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:51%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale, gross</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,037</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>142,070</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realizable value reserves</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,188</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(73,686</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale, net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,849</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 40037000 142070000 3188000 73686000 36849000 68384000 Segment information<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. Home sale revenues for detached and attached homes were </span><span style="font-family:inherit;font-size:10pt;"><span>$8.2 billion</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$1.6 billion</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$7.3 billion</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1.1 billion</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$6.5 billion</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1.0 billion</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively. For reporting purposes, our Homebuilding operations are aggregated into </span><span style="font-family:inherit;font-size:10pt;"><span>six</span></span><span style="font-family:inherit;font-size:10pt;"> reportable segments:</span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:93.9453125%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:13%;"/><td style="width:1%;"/><td style="width:86%;"/></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Georgia, North Carolina, South Carolina, Tennessee</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Florida</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Texas</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Arizona, California, Nevada, New Mexico, Washington</span></div></td></tr></table></div></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking, title, and insurance brokerage operations. The Financial Services segment operates generally in the same markets as the Homebuilding segments. Evaluation of segment performance is generally based on income before income taxes. Each reportable segment generally follows the same accounting policies described in </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 1</span></a><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.03125%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment ($000’s omitted)</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>839,700</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>693,877</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>699,718</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,746,161</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,564,116</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,492,502</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,944,170</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,494,389</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,285,890</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,497,389</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,450,192</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,235,198</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,301,004</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168,755</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,035,428</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,654,525</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,014,197</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,746,668</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,982,949</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,385,526</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,495,404</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,382</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192,160</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>181,126</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated revenues</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,188,331</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,577,686</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,676,530</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Income before income taxes </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;">(a)</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,629</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,190</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81,991</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>202,639</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>122,532</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>145,011</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,418</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>208,825</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,049</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>179,568</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>178,231</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>120,159</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>193,946</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>182,862</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>152,355</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>511,828</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>229,504</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>225,771</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(e)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(118,224</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(77,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(69,570</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,288,804</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>865,332</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>860,766</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,736</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,496</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,084</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated income before income taxes</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,540</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>938,828</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>933,850</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes certain land-related charges (see the following table and </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Northeast includes a charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to the settlement of a disputed land transaction (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Florida includes a warranty charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to a closed-out community (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">). </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">West includes gains of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$26.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to two land sale transactions in California. </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(e)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also includes: write-off of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$29.6 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> of insurance receivables associated with the resolution of certain insurance matters in 2017 (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); general liability insurance reserve reversals of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$35.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$97.8 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$57.1 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, respectively (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); and costs associated with the relocation of our corporate headquarters totaling </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$8.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.4296875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment ($000's omitted)<br/>Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land-related charges*:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74,488</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,362</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,079</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,140</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,689</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,166</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,702</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>715</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,361</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,917</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,383</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,204</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,521</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>515</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,159</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,995</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,960</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,928</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,726</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>595</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>99,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>191,912</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,336</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:54px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">*</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for additional discussion of these charges.</span></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:54px;text-indent:-18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.4296875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment ($000's omitted)</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Depreciation and amortization:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,093</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,392</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,133</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,231</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,117</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,350</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,893</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,883</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,955</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,271</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,449</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,099</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,082</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,301</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,673</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,758</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,828</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,739</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,908</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,326</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,467</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,236</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,296</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,416</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,193</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,702</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,591</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,429</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,998</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,007</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other homebuilding includes amortization of intangible assets.</span></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:4px;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:97.0703125%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000's omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,900</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>291,467</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,245</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>612,612</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>704,515</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>443,140</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>676,087</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,332</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,209,559</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,427</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>467,625</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>892,669</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,321</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,445,615</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,601,906</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>314,442</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>433,056</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,908</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,406</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>849,596</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,405</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>427,124</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,415</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>809,944</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>881,629</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>805,709</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,131,841</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>118,579</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,056,129</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,208,092</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,937</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>276,981</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,170</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>342,088</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,006,825</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,630,158</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,129,225</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>493,970</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,599,990</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>572,986</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,630,158</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,129,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>493,970</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,172,976</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>234,413</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>327,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,574</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>635,586</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>791,511</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>433,411</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>613,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168,275</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>359,651</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>876,856</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,069</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,345,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,481,837</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>299,896</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>476,694</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,482</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>805,072</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>877,282</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>251,613</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>435,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,392</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>774,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>859,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>798,706</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,137,940</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,493</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,139</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,271,328</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,715</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,081</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,663</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>334,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,469,234</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,039,031</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>647,618</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2016</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>175,253</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>375,899</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,447</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>686,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>798,369</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>354,047</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>650,805</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,793</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,153,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,243,188</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>309,525</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>683,376</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>183,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,176,069</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,330,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>256,649</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>474,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,302</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>781,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>851,457</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>219,606</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>413,312</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74,750</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>707,668</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>793,917</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>580,082</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,226,190</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>159,387</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,965,659</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,200,058</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>248,240</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,440</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>299,777</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,351,082</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,921,259</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,072,109</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,770,655</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,568,918</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>609,282</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,921,259</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,072,109</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,287</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,770,655</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,178,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div>Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments. 8200000000 1600000000 7300000000 1100000000 6500000000 1000000000.0 6 <div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.03125%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment ($000’s omitted)</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>839,700</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>693,877</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>699,718</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,746,161</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,564,116</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,492,502</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,944,170</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,494,389</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,285,890</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,497,389</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,450,192</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,235,198</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,301,004</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168,755</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,035,428</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,654,525</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,014,197</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,746,668</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,982,949</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,385,526</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,495,404</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,382</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192,160</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>181,126</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated revenues</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,188,331</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,577,686</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,676,530</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Income before income taxes </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;">(a)</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,629</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,190</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81,991</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>202,639</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>122,532</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>145,011</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,418</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>208,825</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,049</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>179,568</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>178,231</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>120,159</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>193,946</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>182,862</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>152,355</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>511,828</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>229,504</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>225,771</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(e)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(118,224</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(77,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(69,570</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,288,804</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>865,332</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>860,766</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,736</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,496</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,084</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated income before income taxes</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,540</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>938,828</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>933,850</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><div style="line-height:120%;padding-left:4px;text-align:left;padding-left:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes certain land-related charges (see the following table and </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Northeast includes a charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to the settlement of a disputed land transaction (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Florida includes a warranty charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to a closed-out community (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">). </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">West includes gains of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$26.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to two land sale transactions in California. </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(e)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also includes: write-off of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$29.6 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> of insurance receivables associated with the resolution of certain insurance matters in 2017 (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); general liability insurance reserve reversals of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$35.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$97.8 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$57.1 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2018</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2017</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, respectively (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); and costs associated with the relocation of our corporate headquarters totaling </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$8.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">2016</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">.</span></div></td></tr></table><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.4296875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment ($000's omitted)<br/>Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land-related charges*:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74,488</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,362</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,079</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,140</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,689</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,166</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,702</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>715</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,361</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,917</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,383</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,204</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,521</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>515</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,159</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,995</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,960</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,928</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,726</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>595</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>99,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>191,912</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,336</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><br/> 839700000 693877000 699718000 1746161000 1564116000 1492502000 1944170000 1494389000 1285890000 1497389000 1450192000 1235198000 1301004000 1168755000 1035428000 2654525000 2014197000 1746668000 9982949000 8385526000 7495404000 205382000 192160000 181126000 10188331000 8577686000 7676530000 29629000 21190000 81991000 202639000 122532000 145011000 289418000 208825000 205049000 179568000 178231000 120159000 193946000 182862000 152355000 511828000 229504000 225771000 -118224000 -77812000 -69570000 1288804000 865332000 860766000 58736000 73496000 73084000 1347540000 938828000 933850000 15000000.0 12400000 26400000 29600000 -35900000 -97800000 -57100000 8300000 <div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.4296875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment ($000's omitted)<br/>Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land-related charges*:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74,488</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,362</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,079</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,140</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,689</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,166</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,702</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>715</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,361</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,917</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,383</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,204</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,521</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>515</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,159</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,995</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,960</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,928</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,726</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>595</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>99,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>191,912</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,336</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">*</span></div><span style="font-family:inherit;font-size:10pt;font-style:italic;">Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a> for additional discussion of these charges. 74488000 51362000 2079000 8140000 55689000 3089000 1166000 9702000 715000 7361000 8917000 3383000 1204000 2521000 515000 5159000 56995000 8960000 1928000 6726000 595000 99446000 191912000 19336000 <div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.4296875%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment ($000's omitted)</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Depreciation and amortization:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,093</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,392</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,133</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,231</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,117</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,350</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,893</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,883</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,955</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,271</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,449</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,099</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,082</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,301</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,673</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,758</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,828</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,739</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,908</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,326</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,467</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,236</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,296</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,416</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,193</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,702</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,591</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,429</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,998</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,007</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div>Other homebuilding includes amortization of intangible assets 2093000 2392000 2133000 5231000 5117000 5350000 4893000 4883000 4955000 4271000 4449000 5099000 3082000 3301000 3673000 6758000 5828000 6739000 18908000 21326000 22467000 45236000 47296000 50416000 4193000 3702000 3591000 49429000 50998000 54007000 <br/><div style="line-height:120%;padding-left:4px;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:97.0703125%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000's omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,900</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>291,467</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,245</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>612,612</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>704,515</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>443,140</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>676,087</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,332</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,209,559</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,427</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>467,625</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>892,669</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,321</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,445,615</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,601,906</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>314,442</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>433,056</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,908</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,406</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>849,596</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,405</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>427,124</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,415</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>809,944</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>881,629</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>805,709</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,131,841</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>118,579</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,056,129</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,208,092</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,937</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>276,981</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,170</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>342,088</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,006,825</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,630,158</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,129,225</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>493,970</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,599,990</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>572,986</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,630,158</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,129,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>493,970</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,172,976</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>234,413</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>327,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,574</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>635,586</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>791,511</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>433,411</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>613,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168,275</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>359,651</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>876,856</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,069</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,345,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,481,837</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>299,896</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>476,694</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,482</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>805,072</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>877,282</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>251,613</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>435,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,392</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>774,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>859,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>798,706</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,137,940</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,493</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,139</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,271,328</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,715</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,081</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,663</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>334,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,469,234</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,039,031</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>647,618</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2016</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>175,253</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>375,899</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,447</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>686,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>798,369</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>354,047</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>650,805</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,793</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,153,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,243,188</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>309,525</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>683,376</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>183,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,176,069</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,330,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>256,649</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>474,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,302</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>781,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>851,457</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>219,606</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>413,312</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74,750</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>707,668</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>793,917</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>580,082</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,226,190</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>159,387</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,965,659</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,200,058</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>248,240</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,440</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>299,777</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,351,082</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,921,259</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,072,109</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,770,655</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,568,918</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>609,282</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,921,259</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,072,109</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,287</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,770,655</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,178,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><br/> <div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:97.0703125%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating Data by Segment</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000's omitted)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,900</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>291,467</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,245</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>612,612</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>704,515</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>443,140</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>676,087</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,332</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,209,559</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,427</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>467,625</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>892,669</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,321</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,445,615</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,601,906</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>314,442</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>433,056</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,908</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,406</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>849,596</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,405</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>427,124</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,415</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>809,944</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>881,629</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>805,709</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,131,841</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>118,579</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,056,129</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,208,092</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,937</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>276,981</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,170</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>342,088</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,006,825</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,630,158</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,129,225</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>493,970</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,599,990</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>572,986</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,630,158</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,129,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>493,970</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,172,976</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>234,413</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>327,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,574</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>635,586</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>791,511</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>433,411</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>613,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>121,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168,275</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>359,651</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>876,856</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,069</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,345,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,481,837</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>299,896</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>476,694</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,482</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>805,072</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>877,282</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>251,613</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>435,018</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,392</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>774,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>859,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>798,706</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,137,940</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,493</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,139</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,271,328</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,715</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,081</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,663</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>334,459</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,469,234</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,039,031</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>647,618</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,421,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,135,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>589,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2016</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homes Under<br/>Construction</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Land Under<br/>Development</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Raw Land</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Inventory</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total<br/>Assets</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Northeast</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>175,253</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>375,899</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135,447</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>686,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>798,369</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Southeast </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>354,047</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>650,805</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,793</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,153,645</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,243,188</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Florida</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>309,525</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>683,376</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>183,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,176,069</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,330,847</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Midwest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>256,649</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>474,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,302</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>781,238</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>851,457</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Texas</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>219,606</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>413,312</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74,750</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>707,668</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>793,917</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">West</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>580,082</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,226,190</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>159,387</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,965,659</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,200,058</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other homebuilding </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>248,240</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,440</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>299,777</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,351,082</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,921,259</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,072,109</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,770,655</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,568,918</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>609,282</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,921,259</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,072,109</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>777,287</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,770,655</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,178,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div>Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments. 268900000 291467000 52245000 612612000 704515000 443140000 676087000 90332000 1209559000 1347427000 467625000 892669000 85321000 1445615000 1601906000 314442000 433056000 29908000 777406000 849596000 284405000 427124000 98415000 809944000 881629000 805709000 1131841000 118579000 2056129000 2208092000 45937000 276981000 19170000 342088000 2006825000 2630158000 4129225000 493970000 7253353000 9599990000 572986000 2630158000 4129225000 493970000 7253353000 10172976000 234413000 327599000 73574000 635586000 791511000 433411000 613626000 121238000 1168275000 1287992000 359651000 876856000 109069000 1345576000 1481837000 299896000 476694000 28482000 805072000 877282000 251613000 435018000 87392000 774023000 859847000 798706000 1137940000 147493000 2084139000 2271328000 43715000 268081000 22663000 334459000 1469234000 2421405000 4135814000 589911000 7147130000 9039031000 647618000 2421405000 4135814000 589911000 7147130000 9686649000 175253000 375899000 135447000 686599000 798369000 354047000 650805000 148793000 1153645000 1243188000 309525000 683376000 183168000 1176069000 1330847000 256649000 474287000 50302000 781238000 851457000 219606000 413312000 74750000 707668000 793917000 580082000 1226190000 159387000 1965659000 2200058000 26097000 248240000 25440000 299777000 2351082000 1921259000 4072109000 777287000 6770655000 9568918000 609282000 1921259000 4072109000 777287000 6770655000 10178200000 Investments in unconsolidated entities<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We participate in a number of joint ventures with independent third parties. These joint ventures generally purchase, develop, and sell land, including selling land to us for use in our homebuilding operations. A summary of our joint ventures is presented below ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.859375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:67%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in joint ventures with limited recourse debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,551</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,063</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in joint ventures with debt non-recourse to PulteGroup</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,471</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,567</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in other active joint ventures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,568</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,327</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total investments in unconsolidated entities</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,590</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,957</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total joint venture debt</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,948</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>59,544</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">PulteGroup proportionate share of joint venture debt:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Joint venture debt with limited recourse guaranties</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,059</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,157</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Joint venture debt non-recourse to PulteGroup</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">PulteGroup's total proportionate share of joint venture debt</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,276</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,857</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">, we recognized earnings (losses) from unconsolidated joint ventures of </span><span style="font-family:inherit;font-size:10pt;"><span>$2.7 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$(2.0) million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$8.3 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. We received distributions from our unconsolidated joint ventures of </span><span style="font-family:inherit;font-size:10pt;"><span>$12.1 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$9.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$10.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively. We made capital contributions of </span><span style="font-family:inherit;font-size:10pt;"><span>$1.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> , </span><span style="font-family:inherit;font-size:10pt;"><span>$23.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>14.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, aggregate outstanding debt of unconsolidated joint ventures was </span><span style="font-family:inherit;font-size:10pt;"><span>$42.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, of which </span><span style="font-family:inherit;font-size:10pt;"><span>$42.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> was related to one joint venture in which we have a </span><span style="font-family:inherit;font-size:10pt;"><span>50%</span></span><span style="font-family:inherit;font-size:10pt;"> interest. In connection with this loan, we and our joint venture partner provided customary limited recourse guaranties in which our maximum financial loss exposure is limited to our pro rata share of the debt outstanding. The limited guaranties include, but are not limited to: (i) completion of certain aspects of the project; (ii) an environmental indemnity provided to the lender; and (iii) an indemnification of the lender from certain "bad boy acts" of the joint venture.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>The timing of cash flows related to a joint venture and any related financing agreements varies by agreement. If additional capital contributions are required and approved by the joint venture, we would need to contribute our pro rata portion of those capital needs in order to not dilute our ownership in the joint ventures. While future capital contributions may be required, we believe the total amount of such contributions will be limited. Our maximum financial exposure related to joint ventures is unlikely to exceed the combined investment and limited recourse guaranty totals. A summary of our joint ventures is presented below ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:80.859375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:67%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in joint ventures with limited recourse debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,551</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,063</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in joint ventures with debt non-recourse to PulteGroup</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,471</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,567</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in other active joint ventures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,568</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,327</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total investments in unconsolidated entities</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,590</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,957</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total joint venture debt</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,948</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>59,544</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">PulteGroup proportionate share of joint venture debt:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Joint venture debt with limited recourse guaranties</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,059</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,157</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Joint venture debt non-recourse to PulteGroup</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">PulteGroup's total proportionate share of joint venture debt</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,276</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,857</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 31551000 37063000 3471000 3567000 19568000 22327000 54590000 62957000 42948000 59544000 21059000 28157000 217000 700000 21276000 28857000 2700000 -2000000.0 8300000 12100000 9400000 10900000 1000000.0 23000000.0 14500000 42900000 42100000 0.50 5. Debt <div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our notes payable are summarized as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:73.046875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">4.250% unsecured senior notes due March 2021 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">5.500% unsecured senior notes due March 2026 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">5.000% unsecured senior notes due January 2027 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">7.875% unsecured senior notes due June 2032 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">6.375% unsecured senior notes due May 2033 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">6.000% unsecured senior notes due February 2035 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net premiums, discounts, and issuance costs </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,247</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,057</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total senior notes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,753</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,943</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,313</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,024</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,028,066</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,006,967</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Estimated fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,899,143</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,263,774</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.</span></div></td></tr></table><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The indentures governing the senior notes impose certain restrictions on the incurrence of additional debt along with other limitations. At </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, we were in compliance with all of the covenants and requirements under the senior notes. Refer to </span><a href="#s292FDF1AB06E7761DB2FCFAC737B34E3" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 12</span></a><span style="font-family:inherit;font-size:10pt;"> for supplemental consolidating financial information of the Company.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In </span><span style="font-family:inherit;font-size:10pt;">February 2016</span><span style="font-family:inherit;font-size:10pt;">, we issued </span><span style="font-family:inherit;font-size:10pt;"><span>$1.0 billion</span></span><span style="font-family:inherit;font-size:10pt;"> of unsecured senior notes, consisting of </span><span style="font-family:inherit;font-size:10pt;"><span>$300.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> of </span><span style="font-family:inherit;font-size:10pt;"><span>4.25%</span></span><span style="font-family:inherit;font-size:10pt;"> senior notes due </span><span style="font-family:inherit;font-size:10pt;">March 1, 2021</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$700.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> of </span><span style="font-family:inherit;font-size:10pt;"><span>5.50%</span></span><span style="font-family:inherit;font-size:10pt;"> senior notes due </span><span style="font-family:inherit;font-size:10pt;">March 1, 2026</span><span style="font-family:inherit;font-size:10pt;">. The net proceeds from this senior notes issuance were used to fund the retirement of </span><span style="font-family:inherit;font-size:10pt;"><span>$465.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> of our senior notes that matured in May 2016, with the remaining net proceeds used for general corporate purposes. In </span><span style="font-family:inherit;font-size:10pt;">July 2016</span><span style="font-family:inherit;font-size:10pt;">, we issued an additional </span><span style="font-family:inherit;font-size:10pt;"><span>$1.0 billion</span></span><span style="font-family:inherit;font-size:10pt;"> of unsecured senior notes, consisting of an additional </span><span style="font-family:inherit;font-size:10pt;"><span>$400.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> of the </span><span style="font-family:inherit;font-size:10pt;"><span>4.25%</span></span><span style="font-family:inherit;font-size:10pt;"> senior notes due </span><span style="font-family:inherit;font-size:10pt;">March 1, 2021</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$600.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> of </span><span style="font-family:inherit;font-size:10pt;"><span>5.00%</span></span><span style="font-family:inherit;font-size:10pt;"> senior notes due </span><span style="font-family:inherit;font-size:10pt;">January 15, 2027</span><span style="font-family:inherit;font-size:10pt;">. The net proceeds from the July senior notes issuance were used for general corporate purposes and to pay down approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$500.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> of outstanding debt, including the remainder of a then existing term loan facility. The senior notes issued in 2016 are unsecured obligations, and rank equally in right of payment with the existing and future senior unsecured indebtedness of the Company and each of the guarantors, respectively. The notes are redeemable at our option at any time up to the date of maturity. </span></div><div style="line-height:120%;padding-left:24px;text-indent:42px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We retired outstanding debt totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$82.8 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$134.7 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$986.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> during </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively. Certain debt retirements occurred prior to the stated maturity dates and resulted in losses totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$0.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">. Losses on debt repurchase transactions include the write-off of unamortized discounts, premiums, and transaction fees related to the repurchased debt and are reflected in other expense, net. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable include non-recourse and limited recourse collateralized notes with third parties that totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$41.3 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$20.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. These notes have maturities ranging up to </span><span style="font-family:inherit;font-size:10pt;"><span>three years</span></span><span style="font-family:inherit;font-size:10pt;">, are secured by the applicable land positions to which they relate, and have no recourse to any other assets. The stated interest rates on these notes range up to </span><span style="font-family:inherit;font-size:10pt;"><span>7.57%</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Revolving credit facility</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2018, we entered into the Second Amended and Restated Credit Agreement ("Revolving Credit Facility") which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to </span><span style="font-family:inherit;font-size:10pt;">June 2023</span><span style="font-family:inherit;font-size:10pt;">. The Revolving Credit Facility has a maximum borrowing capacity of </span><span style="font-family:inherit;font-size:10pt;"><span>$1.0 billion</span></span><span style="font-family:inherit;font-size:10pt;"> and contains an uncommitted accordion feature that could increase the capacity to </span><span style="font-family:inherit;font-size:10pt;"><span>$1.5 billion</span></span><span style="font-family:inherit;font-size:10pt;">, subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of </span><span style="font-family:inherit;font-size:10pt;"><span>$500.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined therein. In the event that LIBOR is no longer widely available, the agreement contemplates transitioning to an alternative widely available market rate agreeable between the parties. We had </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> borrowings outstanding and </span><span style="font-family:inherit;font-size:10pt;"><span>$239.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$235.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> of letters of credit issued under the Revolving Credit Facility at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving Credit Facility). As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, we were in compliance with all covenants. Outstanding balances under the Revolving Credit Facility are guaranteed by certain of our wholly-owned subsidiaries. Our available and unused borrowings under the Revolving Credit Facility, net of outstanding letters of credit, amounted to </span><span style="font-family:inherit;font-size:10pt;"><span>$760.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$764.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> as of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Pulte Mortgage</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Pulte Mortgage maintains a master repurchase agreement with third party lenders. In </span><span style="font-family:inherit;font-size:10pt;">August 2018</span><span style="font-family:inherit;font-size:10pt;">, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the maturity date to </span><span style="font-family:inherit;font-size:10pt;">August 2019</span><span style="font-family:inherit;font-size:10pt;">. The maximum aggregate commitment was </span><span style="font-family:inherit;font-size:10pt;"><span>$520.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> during the seasonally high borrowing period from </span><span style="font-family:inherit;font-size:10pt;">December 26, 2018</span><span style="font-family:inherit;font-size:10pt;"> through </span><span style="font-family:inherit;font-size:10pt;">January 14, 2019</span><span style="font-family:inherit;font-size:10pt;">. Through maturity, the maximum aggregate commitment ranges from </span><span style="font-family:inherit;font-size:10pt;"><span>$240.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;"><span>$400.0 million</span></span><span style="font-family:inherit;font-size:10pt;">. The purpose of the changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had </span><span style="font-family:inherit;font-size:10pt;"><span>$348.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$437.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> outstanding under the Repurchase Agreement at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, and was in compliance with its covenants and requirements as of such dates.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following is aggregate borrowing information for our mortgage operations ($000’s omitted):</span></div><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:60.546875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:51%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Available credit lines</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>520,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>475,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unused credit lines</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>171,588</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,196</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average interest rate</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.27</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.55</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr></table></div> Our notes payable are summarized as follows ($000’s omitted):<div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:73.046875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">4.250% unsecured senior notes due March 2021 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">5.500% unsecured senior notes due March 2026 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>700,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">5.000% unsecured senior notes due January 2027 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">7.875% unsecured senior notes due June 2032 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">6.375% unsecured senior notes due May 2033 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>400,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">6.000% unsecured senior notes due February 2035 </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net premiums, discounts, and issuance costs </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,247</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,057</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total senior notes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,753</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,943</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,313</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,024</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,028,066</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,006,967</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Estimated fair value</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,899,143</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,263,774</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div>The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes 700000000 700000000 700000000 700000000 600000000 600000000 300000000 300000000 400000000 400000000 300000000 300000000 13247000 13057000 2986753000 2986943000 41313000 20024000 3028066000 3006967000 2899143000 3263774000 1000000000.0 300000000.0 0.0425 700000000.0 0.0550 465200000 1000000000.0 400000000.0 0.0425 600000000.0 0.0500 500000000.0 82800000 134700000 986900000 -700000 41300000 20000000.0 P3Y 0.0757 1000000000.0 1500000000 500000000.0 0 239400000 235500000 760600000 764500000 520000000.0 240000000.0 400000000.0 348400000 437800000 The following is aggregate borrowing information for our mortgage operations ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:60.546875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:51%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:22%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Available credit lines</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>520,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>475,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unused credit lines</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>171,588</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,196</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average interest rate</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.27</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.55</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr></table></div> 520000000 475000000 171588000 37196000 0.0427 0.0355 Shareholders’ equity<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our declared quarterly cash dividends totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$108.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$110.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$122.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively. Under a share repurchase program authorized by our Board of Directors, we repurchased </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>10.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>35.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>30.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively, for a total of </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;"><span>$294.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$910.3 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$600.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> in </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, respectively. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, we had remaining authorization to repurchase </span><span style="font-family:inherit;font-size:10pt;"><span>$299.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> of common shares.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">Under our stock-based compensation plans, we accept shares as payment under certain conditions related to stock option exercises and vesting of restricted shares and share units, generally related to the payment of tax obligations. During </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;">, employees surrendered shares valued at </span><span style="font-family:inherit;font-size:10pt;"><span>$7.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$6.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$3.2 million</span></span>, respectively, under these plans. Such share transactions are excluded from the above noted share repurchase authorization. 108500000 110000000.0 122200000 10900000 35400000 30900000 294600000 910300000 600000000.0 299900000 7900000 6000000.0 3200000 Stock compensation plans<div style="line-height:120%;padding-left:12px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We maintain a stock award plan for both employees and non-employee directors. The plan provides for the grant of a variety of equity awards, including options (generally non-qualified options), restricted shares, restricted share units ("RSUs"), and performance shares to key employees (as determined by the Compensation and Management Development Committee of the Board of Directors) for periods not to exceed </span><span style="font-family:inherit;font-size:10pt;"><span>ten years</span></span><span style="font-family:inherit;font-size:10pt;">. Non-employee directors are awarded an annual distribution of common shares. Options granted to employees generally vest incrementally over </span><span style="font-family:inherit;font-size:10pt;"><span>four years</span></span><span style="font-family:inherit;font-size:10pt;"> and are generally exercisable for </span><span style="font-family:inherit;font-size:10pt;"><span>ten years</span></span><span style="font-family:inherit;font-size:10pt;"> from the vest date. Shares issued upon the exercise of a stock option are from newly issued shares. RSUs represent the right to receive an equal number of common shares and are converted into common shares upon distribution. Restricted shares and RSUs generally cliff vest after </span><span style="font-family:inherit;font-size:10pt;"><span>three years</span></span><span style="font-family:inherit;font-size:10pt;">. Both restricted share and RSU holders receive cash dividends during the vesting period. Performance shares vest upon attainment of the stated performance targets and minimum service requirements and are converted into common shares upon distribution. As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, there were </span><span style="font-family:inherit;font-size:10pt;"><span>24.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares that remained available for grant under the plan. Our stock compensation expense for the three years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, is presented below ($000's omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:71.09375%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock options</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted shares (including RSUs and performance shares)</span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,145</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,207</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Long-term incentive plans</span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,145</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,476</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,602</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,290</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,683</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,228</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Stock options</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A summary of stock option activity for the three years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, is presented below (000’s omitted, except per share data):</span></div><div style="line-height:120%;padding-left:4px;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.6796875%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"/></tr><tr><td style="width:35%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding, beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,623</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,040</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Exercised</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(605</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,353</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(498</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(102</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,919</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding, end of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>563</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,623</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Options exercisable at year end</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>563</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,623</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average per share fair value of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       options granted during the year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes information about our options outstanding at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">:</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.4609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:23%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Options Outstanding</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Options Exercisable</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Number</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Outstanding</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(000's omitted)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Contract Life</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(in years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Number</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercisable</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(000's omitted)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Per</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$0.01 to $10.00</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>71</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2.1</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>71</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$10.01 to $20.00</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>492</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">0.8</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>492</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>563</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">1.2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>563</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We did not issue any stock options during </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, or </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">. As a result, there is </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> unrecognized compensation cost related to stock option awards at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The aggregate intrinsic value of stock options that were exercised during </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;"> was </span><span style="font-family:inherit;font-size:10pt;"><span>$11.7 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$31.1 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$4.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, options outstanding, all of which were exercisable, had an intrinsic value of </span><span style="font-family:inherit;font-size:10pt;"><span>$8.1 million</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Restricted shares (including RSUs and performance shares)</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A summary of restricted share activity, including RSUs and performance shares, for the three years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, is presented below (000’s omitted, except per share data):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="21"/></tr><tr><td style="width:23%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding, beginning of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       year</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,271</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,974</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>833</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,251</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,853</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distributed</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(786</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(775</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(546</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(244</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(179</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(909</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding, end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,074</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,271</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,974</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested, end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>129</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>152</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">During </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, the total fair value of shares vested during the year was </span><span style="font-family:inherit;font-size:10pt;"><span>$17.1 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$11.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Unamortized compensation cost related to restricted share awards was </span><span style="font-family:inherit;font-size:10pt;"><span>$19.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">. These costs will be expensed over a weighted-average period of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>2 years</span></span><span style="font-family:inherit;font-size:10pt;">. Additionally, there were </span><span style="font-family:inherit;font-size:10pt;"><span>129,115</span></span><span style="font-family:inherit;font-size:10pt;"> RSUs outstanding at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, that had vested but had not yet been paid out because the payout date had been deferred by the holders.</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Long-term incentive plans</span></div><div style="line-height:120%;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">We maintain long-term incentive plans for senior management and other employees that provide awards based on the achievement of stated performance targets over </span><span style="font-family:inherit;font-size:10pt;">three</span><span style="font-family:inherit;font-size:10pt;">-year periods. Awards are stated in dollars but are settled in common shares based on the stock price at the end of the performance period. If the share price falls below a floor of </span><span style="font-family:inherit;font-size:10pt;"><span>$5.00</span></span><span style="font-family:inherit;font-size:10pt;"> per share at the end of the performance period or we do not have a sufficient number of shares available under our stock incentive plans at the time of settlement, then a portion of each award will be paid in cash. We adjust the liabilities and recognize the expense associated with the awards based on the probability of achieving the stated performance targets at each reporting period. Liabilities for these awards totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$17.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$14.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span>, respectively. P10Y P4Y P10Y P3Y 24400000 Our stock compensation expense for the three years ended <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, is presented below ($000's omitted):</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:71.09375%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock options</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted shares (including RSUs and performance shares)</span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,145</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,207</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Long-term incentive plans</span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,145</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,476</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,602</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28,290</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,683</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,228</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 0 0 0 20145000 24207000 18626000 8145000 9476000 3602000 28290000 33683000 22228000 A summary of stock option activity for the three years ended <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, is presented below (000’s omitted, except per share data):</span><div style="line-height:120%;padding-left:4px;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.6796875%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"/></tr><tr><td style="width:35%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:8%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding, beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,623</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,040</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Exercised</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(605</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,353</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(498</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(102</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,919</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding, end of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>563</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,623</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Options exercisable at year end</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>563</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,623</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average per share fair value of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       options granted during the year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><br/> 1168000 11 3623000 12 6040000 19 0 0 0 0 0 0 605000 11 2353000 12 498000 12 0 0 102000 28 1919000 34 563000 12 1168000 11 3623000 12 563000 12 1168000 11 3623000 12 0 0 0 The following table summarizes information about our options outstanding at <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">:</span><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.4609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:23%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Options Outstanding</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Options Exercisable</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Number</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Outstanding</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(000's omitted)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Contract Life</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(in years)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Number</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercisable</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(000's omitted)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average Per</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise Price</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$0.01 to $10.00</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>71</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2.1</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>71</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$10.01 to $20.00</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>492</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">0.8</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>492</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>563</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">1.2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>563</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 71000 8 71000 8 492000 12 492000 12 563000 12 563000 12 0 11700000 31100000 4500000 8100000 A summary of restricted share activity, including RSUs and performance shares, for the three years ended <span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, is presented below (000’s omitted, except per share data):</span><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="21"/></tr><tr><td style="width:23%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted-</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Per Share</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date</span></div><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding, beginning of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       year</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,271</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,974</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,576</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>833</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,251</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,853</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distributed</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(786</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(775</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(546</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(244</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(179</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(909</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Outstanding, end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,074</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,271</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,974</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Vested, end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>129</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>152</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 3271000 19 2974000 19 2576000 18 833000 31 1251000 21 1853000 17 786000 22 775000 19 546000 20 244000 22 179000 19 909000 12 3074000 23 3271000 19 2974000 19 129000 21 152000 17 123000 15 17100000 15000000.0 11000000.0 19000000.0 P2Y 129115 5.00 17000000.0 14000000.0 Income taxes<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, the following that impact us: (1) reducing the U.S. federal corporate income tax rate from 35 percent to 21 percent; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; (4) repealing the domestic production activities deduction; (5) limiting the deductibility of certain executive compensation; and (6) limiting certain other deductions.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides for a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting relating to the Tax Act under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. If a company cannot </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">determine a provisional estimate to be included in its financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As the result of our initial analysis of the impact of the Tax Act, we recorded a provisional amount of net tax expense of </span><span style="font-family:inherit;font-size:10pt;"><span>$172.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> in 2017 related to the remeasurement of our deferred tax balances and other effects. We completed our accounting for the income tax effects of the Tax Act in 2018, and no material adjustments were required to the provisional amounts initially recorded. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Components of current and deferred income tax expense (benefit) are as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.34146341463415%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Current expense (benefit)</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(44,462</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81,101</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,464</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,202</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,801</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,104</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(37,260</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>69,300</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,640</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred expense (benefit)</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>271,544</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>444,695</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>312,288</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>91,233</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,388</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,499</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>362,777</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>422,307</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>334,787</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax expense (benefit)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>325,517</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>491,607</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>331,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table reconciles the statutory federal income tax rate to the effective income tax rate:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.34146341463415%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:56%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income taxes at federal statutory rate</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and local income taxes, net of federal tax</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.0</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.1</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.3</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Tax accounting method change</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2.5</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Changes in tax laws, including the Tax Act</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.0</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18.3</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.5</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax asset valuation allowance</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.9</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.1</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Tax contingencies</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.1</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.0</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.3</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.3</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.9</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effective rate</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52.4</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.5</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings, tax benefits due to Internal Revenue Service (IRS) acceptance of a tax accounting method change applicable to the 2017 tax year, valuation allowances relating to projected utilization of certain state net operating loss carryforwards, and state tax law changes. The acceptance of the tax accounting method change provided a deferral of profit and acceleration of certain costs associated with home sales, which resulted in a favorable adjustment in 2018 due to the tax rate reduction in the Tax Act. The </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;"> effective tax rate differs from the federal statutory rate primarily due to the impacts of the Tax Act, state income tax expense on current year earnings, the favorable resolution of certain state income tax matters, the domestic production activities deduction, and state tax law changes. The </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;"> effective tax rate differs from the federal statutory rate primarily due to state income taxes, the reversal of a portion of our valuation allowance related to a legal entity restructuring, the favorable resolution of certain state income tax matters, the impact on our net deferred tax assets due to changes in business operations and state tax laws, and recognition of energy efficient home credits. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As a result of the adoption of ASU No. 2016-09, excess tax benefits related to equity compensation are recorded as a component of income tax expense, pursuant to which we recorded a cumulative-effect adjustment to increase retained earnings and deferred tax assets as of January 1, 2017 by </span><span style="font-family:inherit;font-size:10pt;"><span>$18.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> for previously unrecognized excess tax benefits.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets and liabilities reflect temporary differences arising from the different treatment of items for tax and accounting purposes. Components of our net deferred tax asset are as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:76.6829268292683%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">At December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued insurance</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>117,682</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>117,133</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Inventory valuation reserves</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132,495</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>202,791</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other reserves</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>60,585</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,271</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">NOL carryforwards:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,122</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,282</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>228,959</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>248,224</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Alternative minimum tax credit carryforwards</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,546</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,965</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Energy and other credit carryforwards</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,146</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,763</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>574,535</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,429</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capitalized items, including real estate basis differences,</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">      deducted for tax, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,038</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(17,895</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferral of profit on home sales</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(188,628</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(34,769</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangibles</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,701</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(17,860</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(206,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(70,524</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Valuation allowance</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(92,589</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(68,610</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net deferred tax asset</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>275,579</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>645,295</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our federal NOL carryforward deferred tax asset of </span><span style="font-family:inherit;font-size:10pt;"><span>$27.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> expires, if unused, between </span><span style="font-family:inherit;font-size:10pt;">2031</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2032</span><span style="font-family:inherit;font-size:10pt;">. We also have state NOLs in various jurisdictions which may generally be carried forward up to </span><span style="font-family:inherit;font-size:10pt;"><span>20</span></span><span style="font-family:inherit;font-size:10pt;"> years, depending on the jurisdiction. Our NOL carryforward deferred tax assets will expire if unused at various dates as follows: </span><span style="font-family:inherit;font-size:10pt;"><span>$32.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> from </span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;">2023</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$196.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> from </span><span style="font-family:inherit;font-size:10pt;">2024</span><span style="font-family:inherit;font-size:10pt;"> and thereafter. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We evaluate our deferred tax assets each period to determine if a valuation allowance is required based on whether it is "more likely than not" that some portion of the deferred tax assets would not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of sufficient taxable income during future periods.  We conduct our evaluation by considering all available positive and negative evidence. This evaluation considers, among other factors, historical operating results, forecasts of future profitability, the duration of statutory carryforward periods, and the outlooks for the U.S. housing industry and broader economy. </span></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our ability to use certain of Centex’s federal losses and credits is limited by Section 382 of the Internal Revenue Code. We do not believe that this limitation will prevent us from utilizing these Centex losses and credits. We do believe that full utilization of certain state NOL carryforwards will be limited due to Section 382.</span></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The accounting for deferred taxes is based upon estimates of future results. Differences between estimated and actual results could result in changes in the valuation of our deferred tax assets that could have a material impact on our consolidated results of operations or financial position. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We had </span><span style="font-family:inherit;font-size:10pt;"><span>$30.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$48.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> of gross unrecognized tax benefits at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. If recognized, </span><span style="font-family:inherit;font-size:10pt;"><span>$19.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$23.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, of these amounts would impact our effective tax rate. Additionally, we had accrued interest and penalties of </span><span style="font-family:inherit;font-size:10pt;"><span>$5.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$4.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">It is reasonably possible within the next twelve months that our gross unrecognized tax benefits may decrease by up to </span><span style="font-family:inherit;font-size:10pt;"><span>$16.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, excluding interest and penalties, primarily due to potential settlements. A reconciliation of the change in the unrecognized tax benefits is as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.14634146341464%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefits, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,604</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,502</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38,992</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Increases related to tax positions taken during a prior period</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,389</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,555</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>224</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Decreases related to tax positions taken during a prior period</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(31,850</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,665</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,218</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Increases related to tax positions taken during the current</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       period</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,411</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,895</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>114</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Decreases related to settlements with taxing authorities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(707</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reductions as a result of a lapse of the applicable statute of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       limitations</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,683</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,903</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefits, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,554</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,604</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,502</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">We continue to participate in the Compliance Assurance Process (“CAP”) with the IRS as an alternative to the traditional IRS examination process. As a result of our participation in CAP, federal tax years 2016 and prior are closed. Tax year 2017 is expected to close by the second quarter of 2019. We are also currently under examination by various state taxing jurisdictions and anticipate finalizing certain of the examinations within the next twelve months. The outcome of these examinations is not yet determinable. The statute of limitations for our major tax jurisdictions remains open for examination for tax years </span><span style="font-family:inherit;font-size:10pt;">2005</span><span style="font-family:inherit;font-size:10pt;"> to </span><span style="font-family:inherit;font-size:10pt;">2018</span>. 172100000 Components of current and deferred income tax expense (benefit) are as follows ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.34146341463415%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Current expense (benefit)</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(44,462</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81,101</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,464</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,202</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,801</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,104</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(37,260</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>69,300</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,640</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred expense (benefit)</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>271,544</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>444,695</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>312,288</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>91,233</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(22,388</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,499</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>362,777</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>422,307</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>334,787</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax expense (benefit)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>325,517</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>491,607</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>331,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> -44462000 81101000 9464000 7202000 -11801000 -13104000 -37260000 69300000 -3640000 271544000 444695000 312288000 91233000 -22388000 22499000 362777000 422307000 334787000 325517000 491607000 331147000 The following table reconciles the statutory federal income tax rate to the effective income tax rate:<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.34146341463415%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:56%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income taxes at federal statutory rate</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and local income taxes, net of federal tax</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4.0</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.1</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.3</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Tax accounting method change</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2.5</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Changes in tax laws, including the Tax Act</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.0</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18.3</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.5</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax asset valuation allowance</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.9</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.1</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Tax contingencies</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.1</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.0</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.3</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.3</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.9</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effective rate</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52.4</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.5</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr></table></div> 0.210 0.350 0.350 0.040 0.031 0.033 0.025 0 0 0.010 0.183 0.005 0.009 -0.011 -0.022 0.001 -0.010 -0.013 -0.003 -0.019 0.002 0.242 0.524 0.355 18600000 Components of our net deferred tax asset are as follows ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:76.6829268292683%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">At December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued insurance</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>117,682</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>117,133</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Inventory valuation reserves</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132,495</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>202,791</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other reserves</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>60,585</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,271</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">NOL carryforwards:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Federal</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,122</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,282</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>228,959</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>248,224</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Alternative minimum tax credit carryforwards</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,546</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,965</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Energy and other credit carryforwards</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,146</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,763</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>574,535</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784,429</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capitalized items, including real estate basis differences,</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">      deducted for tax, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,038</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(17,895</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferral of profit on home sales</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(188,628</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(34,769</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangibles</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,701</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(17,860</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(206,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(70,524</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Valuation allowance</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(92,589</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(68,610</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net deferred tax asset</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>275,579</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>645,295</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 117682000 117133000 132495000 202791000 60585000 78271000 27122000 41282000 228959000 248224000 2546000 54965000 5146000 41763000 574535000 784429000 1038000 17895000 188628000 34769000 16701000 17860000 206367000 70524000 92589000 68610000 275579000 645295000 27100000 P20Y 32600000 196400000 30600000 48600000 19700000 23400000 5800000 4900000 16600000 A reconciliation of the change in the unrecognized tax benefits is as follows ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.14634146341464%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:56%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefits, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,604</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,502</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38,992</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Increases related to tax positions taken during a prior period</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,389</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,555</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>224</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Decreases related to tax positions taken during a prior period</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(31,850</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,665</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,218</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Increases related to tax positions taken during the current</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       period</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,411</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,895</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>114</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Decreases related to settlements with taxing authorities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(707</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reductions as a result of a lapse of the applicable statute of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       limitations</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,683</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,903</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefits, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,554</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,604</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,502</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 48604000 21502000 38992000 5389000 20555000 224000 31850000 9665000 13218000 8411000 18895000 114000 0 0 707000 0 2683000 3903000 30554000 48604000 21502000 Fair value disclosures<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">ASC 820, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value in generally accepted accounting principles and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy can be summarized as follows:</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.6796875%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:7%;"/><td style="width:1%;"/><td style="width:92%;"/></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair value determined based on quoted prices in active markets for identical assets or liabilities.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;">  </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair value determined using significant observable inputs, generally either quoted prices in active markets for similar assets or liabilities or quoted prices in markets that are not active.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;">  </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair value determined using significant unobservable inputs, such as pricing models, discounted cash flows, or similar techniques</span></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted):</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.1875%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Instrument</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value<br/>Hierarchy</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Measured at fair value on a recurring basis:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-for-sale</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>461,354</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest rate lock commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,035</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,583</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forward contracts</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,914</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(385</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whole loan commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(718</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(147</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Measured at fair value on a non-recurring basis:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 3</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,253</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,045</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,813</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,600</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Disclosed at fair value:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents (including restricted cash)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 1</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,133,700</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>348,412</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,313</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,024</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Senior notes payable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,857,830</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,243,750</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;padding-left:24px;text-indent:36px;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair value included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 1</span></a><span style="font-family:inherit;font-size:10pt;"> for a more detailed discussion of the valuation methods used for inventory.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><span style="font-family:inherit;font-size:10pt;">The carrying amounts of cash and equivalents, Financial Services debt, Other notes payable and the Revolving Credit Facility approximate their fair values due to their short-term nature and floating interest rate terms. The fair values of the Senior notes payable are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of the senior notes payable was </span><span style="font-family:inherit;font-size:10pt;"><span>$3.0 billion</span></span><span style="font-family:inherit;font-size:10pt;"> at both </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span>. Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.1875%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Instrument</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value<br/>Hierarchy</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, <br/>2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Measured at fair value on a recurring basis:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-for-sale</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>461,354</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Interest rate lock commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,035</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,583</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forward contracts</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,914</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(385</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Whole loan commitments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(718</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(147</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Measured at fair value on a non-recurring basis:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 3</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,253</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,045</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,813</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,600</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Disclosed at fair value:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents (including restricted cash)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 1</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,133,700</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>348,412</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other notes payable</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,313</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,024</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Senior notes payable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,857,830</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,243,750</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 461354000 570600000 9035000 5583000 6914000 -385000 718000 -147000 18253000 11045000 17813000 8600000 1133700000 306168000 348412000 437804000 41313000 20024000 2857830000 3243750000 Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.<div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair value included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 1</span></a><span style="font-family:inherit;font-size:10pt;"> for a more detailed discussion of the valuation methods used for inventory.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>The carrying amounts of cash and equivalents, Financial Services debt, Other notes payable and the Revolving Credit Facility approximate their fair values due to their short-term nature and floating interest rate terms. The fair values of the Senior notes payable are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues 3000000000.0 Other assets and accrued and other liabilities<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets are presented below ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.6484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:71%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts and notes receivable:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Insurance receivables </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 11)</span></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>152,987</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>213,407</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes receivable</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,850</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,768</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other receivables</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>122,469</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>76,309</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,306</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,484</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Prepaid expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,523</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>116,912</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and pre-acquisition costs </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 1)</span></a></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>218,568</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>207,987</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Property and equipment, net </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 1)</span></a></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>92,935</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>70,706</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income taxes receivable</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,090</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,964</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39,937</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,070</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>830,359</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>745,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> We record receivables from various parties in the normal course of business, including amounts due from insurance companies (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;">) and municipalities. In certain instances, we may accept consideration for land sales or other transactions in the form of a note receivable. </span></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued and other liabilities are presented below ($000’s omitted): </span></div><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.6484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:71%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Self-insurance liabilities </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 11)</span></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>737,013</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>758,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Compensation-related liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>161,068</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>134,008</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 11)</span></a></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>79,154</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,709</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued interest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,521</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,620</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Loan origination liabilities </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 11)</span></a></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,282</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,641</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>280,445</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>305,543</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,360,483</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,356,333</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> Other assets are presented below ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.6484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:71%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts and notes receivable:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Insurance receivables </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 11)</span></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>152,987</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>213,407</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes receivable</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,850</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,768</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other receivables</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>122,469</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>76,309</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,306</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,484</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Prepaid expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>131,523</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>116,912</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deposits and pre-acquisition costs </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 1)</span></a></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>218,568</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>207,987</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Property and equipment, net </span><a href="#s59771C84F75F74BABEB4CFAC70BC21C2" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 1)</span></a></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>92,935</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>70,706</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income taxes receivable</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,090</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,964</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39,937</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,070</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>830,359</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>745,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 152987000 213407000 13850000 16768000 122469000 76309000 289306000 306484000 131523000 116912000 218568000 207987000 92935000 70706000 58090000 6964000 39937000 36070000 830359000 745123000 We record receivables from various parties in the normal course of business, including amounts due from insurance companies (see <a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 11</span></a>) and municipalities. In certain instances, we may accept consideration for land sales or other transactions in the form of a note receivable Accrued and other liabilities are presented below ($000’s omitted): <span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.6484375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:71%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Self-insurance liabilities </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 11)</span></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>737,013</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>758,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Compensation-related liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>161,068</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>134,008</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 11)</span></a></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>79,154</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,709</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accrued interest</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,521</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,620</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Loan origination liabilities </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(Note 11)</span></a></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,282</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,641</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>280,445</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>305,543</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,360,483</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,356,333</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 737013000 758812000 161068000 134008000 79154000 72709000 52521000 50620000 50282000 34641000 280445000 305543000 1360483000 1356333000 Commitments and contingencies<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We lease certain property and equipment under non-cancelable operating leases. The future minimum lease payments required under operating leases that have initial or remaining non-cancelable terms in excess of one year as of </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, are as follows ($000’s omitted):</span><span style="font-family:inherit;font-size:9pt;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:48.343079922027286%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:74%;"/><td style="width:1%;"/><td style="width:24%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Years Ending December 31,</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,806</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,407</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,146</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,469</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,800</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,868</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total minimum lease payments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>113,496</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net rental expense for </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:inherit;font-size:10pt;"> was </span><span style="font-family:inherit;font-size:10pt;"><span>$33.6 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$30.8 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$33.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Certain leases contain renewal or purchase options and generally provide that we pay for insurance, taxes, and maintenance.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Loan origination liabilities</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. If a loan is determined to be faulty, we either indemnify the investor for potential future losses, repurchase the loan from the investor, or reimburse the investor's actual losses.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">CTX Mortgage Company, LLC ("CTX Mortgage") was the mortgage subsidiary of Centex and ceased originating loans in December 2009. In the matter </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Lehman Brothers Holdings, Inc. ("Lehman") </span><span style="font-family:inherit;font-size:10pt;">in the U.S. Bankruptcy Court in the Southern District of New York, Lehman has initiated an adversary proceeding against CTX Mortgage seeking indemnity for loans sold to it by CTX Mortgage prior to 2009. This claim is part of a broader action by Lehman in U.S. Bankruptcy Court against more than 100 mortgage originators and brokers. On August 13, 2018, the court denied a motion to dismiss filed by CTX Mortgage and other defendants, and on December 17, 2018, Lehman filed an amended adversary complaint against CTX Mortgage. Lehman's complaint alleges claims for indemnifiable losses of up to </span><span style="font-family:inherit;font-size:10pt;"><span>$261 million</span></span><span style="font-family:inherit;font-size:10pt;"> due from CTX Mortgage. We believe that CTX Mortgage has meritorious defenses and CTX Mortgage will continue to vigorously defend itself in this matter. We have recorded a liability for an amount that we consider to be the best estimate within a range of potential losses.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition, both CTX Mortgage and Pulte Mortgage sold certain loans originated prior to 2009 to financial institutions for inclusion in residential mortgage-backed securities or other securitizations issued by such financial institutions. In connection with such sales, CTX Mortgage and Pulte Mortgage have been put on notice of potential direct and / or third-party claims for indemnification arising out of litigation relating to certain of these residential mortgage-backed securities or other securitizations. Neither CTX Mortgage nor Pulte Mortgage is named as a defendant in these actions. We cannot yet quantify CTX Mortgage's or Pulte Mortgage's potential liability as a result of these indemnification obligations. We do not believe, however, that these matters will have a material adverse impact on the results of operations, financial position, or cash flows of the Company. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Estimating the required liability for these potential losses requires a significant level of management judgment. During </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, we increased our loan origination liabilities by </span><span style="font-family:inherit;font-size:10pt;"><span>$16.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> based on settlements or probable settlements of a number of claims related to loans originated by CTX Mortgage prior to 2009. Reserves provided (released) are reflected in Financial Services expenses. Changes in these liabilities were as follows ($000's omitted):</span></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:84.40545808966861%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,641</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,114</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,381</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided (released), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,130</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(50</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>506</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(489</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(423</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,773</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,641</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,114</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Given the unsettled litigation, changes in values of underlying collateral over time, unpredictable factors inherent in litigation, and other uncertainties regarding the ultimate resolution of these claims, actual costs could differ from our current estimates.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Community development and other special district obligations</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A community development district or similar development authority (“CDD”) is a unit of local government created under various state statutes that utilizes the proceeds from the sale of bonds to finance the construction or acquisition of infrastructure assets of a development. A portion of the liability associated with the bonds, including principal and interest, is assigned to each parcel of land within the development. This debt is typically paid by subsequent special assessments levied by the CDD on the landowners. Generally, we are only responsible for paying the special assessments for the period during which we are the landowner of the applicable parcels. </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Letters of credit and surety bonds</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$239.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$1.3 billion</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$235.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$1.2 billion</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;">. In the event any such letter of credit or surety bonds is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to the applicable projects but has not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Litigation and regulatory matters</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant. During 2016, we settled a contract dispute related to a land transaction that we terminated over ten years ago in response to a collapse in housing demand. As a result of the settlement, we recorded a charge of </span><span style="font-family:inherit;font-size:10pt;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, which is reflected in other expense, net.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Allowance for warranties</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to (and in limited instances exceeding) </span><span style="font-family:inherit;font-size:10pt;"><span>10</span></span><span style="font-family:inherit;font-size:10pt;"> years. We estimate the costs to be incurred under these warranties and record liabilities in the amount of such costs at the time product revenue is recognized. Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the projected cost of claims. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Changes to warranty liabilities were as follows ($000’s omitted):</span></div><div style="line-height:120%;text-align:center;text-indent:0px;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:85.57504873294347%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,709</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,134</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61,179</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,567</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,014</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>67,169</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(64,525</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(58,780</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(55,892</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other adjustments </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,403</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,341</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,322</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>79,154</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,709</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,134</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes a charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in 2017 related to estimated costs to complete repairs in a closed-out community in Florida.</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Self-insured risks</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, windows, roofing, and foundations. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require companies to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by the captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At any point in time, we are managing over </span><span style="font-family:inherit;font-size:10pt;"><span>1,000</span></span><span style="font-family:inherit;font-size:10pt;"> individual claims related to general liability, property, errors and omission, workers compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.</span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our recorded reserves for all such claims totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$737.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$758.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively, the vast majority of which relate to general liability claims. The recorded reserves include loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately </span><span style="font-family:inherit;font-size:10pt;"><span>65%</span></span><span style="font-family:inherit;font-size:10pt;"> of the total general liability reserves at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Housing market conditions have been volatile across most of our markets over the past fifteen years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs. </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Adjustments to reserves are recorded in the period in which the change in estimate occurs. During </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;">2016</span><span style="font-family:inherit;font-size:10pt;">, we reduced reserves, primarily general liability reserves, by </span><span style="font-family:inherit;font-size:10pt;"><span>$35.9 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$97.8 million</span></span><span style="font-family:inherit;font-size:10pt;">, and </span><span style="font-family:inherit;font-size:10pt;"><span>$57.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> respectively, as a result of changes in estimates resulting from actual claim experience observed being less than anticipated in previous actuarial projections. The changes in actuarial estimates were driven by changes in actual claims experience that, in turn, impacted actuarial estimates for potential future claims. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities. Costs associated with our insurance programs are classified within selling, general, and administrative expenses.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Changes in these liabilities were as follows ($000's omitted):</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>758,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>831,058</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>924,563</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>93,156</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,176</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>97,916</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Adjustments to previously recorded reserves </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(35,873</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(97,789</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(57,132</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments, net </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(79,082</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(72,633</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(134,289</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>737,013</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>758,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>831,058</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;padding-left:60px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded to other assets (see below).</span></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. As reflected in </span><a href="#sF3D018B697DE5E816B32CFAC733DDB29" style="font-family:inherit;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Note 10</span></a><span style="font-family:inherit;font-size:10pt;">, our receivables from insurance carriers totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$153.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$213.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. The insurance receivables relate to costs incurred or to be incurred to perform corrective repairs, settle claims with customers, and other costs related to the continued progression of both known and anticipated future construction defect claims that we believe to be insured related to previously closed homes. Given the complexity inherent with resolving construction defect claims in the homebuilding industry as described above, there generally exists a significant lag between our payment of claims and our reimbursements from applicable insurance carriers. In addition, disputes between homebuilders and carriers over coverage positions relating to construction defect claims are common. Resolution of claims with carriers involves the exchange of significant amounts of information and frequently involves legal action. </span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The majority of the decrease in our insurance receivables during 2018 resulted from cash received from our insurance carriers. However, in </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, we recorded write-offs of </span><span style="font-family:inherit;font-size:10pt;"><span>$29.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> associated with the resolution of various matters and are currently the plaintiff in an arbitration proceeding with one of our insurance carriers in regard to </span><span style="font-family:inherit;font-size:10pt;"><span>$25.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> of recorded insurance receivables relating to the applicability of coverage to such costs under its policy. We believe collection of our recorded insurance receivables is probable based on the legal merits of our positions after review by legal counsel, the high credit ratings of our carriers, and our long history of collecting significant amounts of insurance reimbursements under similar insurance policies related to similar claims. While the outcomes of these matters cannot be predicted with certainty, we do not </span></div>believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. The future minimum lease payments required under operating leases that have initial or remaining non-cancelable terms in excess of one year as of <span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">, are as follows ($000’s omitted):</span><span style="font-family:inherit;font-size:9pt;"> </span><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:48.343079922027286%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:74%;"/><td style="width:1%;"/><td style="width:24%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Years Ending December 31,</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,806</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2020</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,407</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,146</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,469</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,800</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Thereafter</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,868</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:44px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total minimum lease payments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>113,496</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 24806000 19407000 16146000 14469000 12800000 25868000 113496000 33600000 30800000 33000000.0 261000000 16100000 Changes in these liabilities were as follows ($000's omitted):<div style="line-height:120%;text-align:center;padding-left:0px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:84.40545808966861%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,641</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,114</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,381</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided (released), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,130</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(50</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>506</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(489</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(423</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(11,773</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,641</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,114</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div> 34641000 35114000 46381000 16130000 -50000 506000 489000 423000 11773000 50282000 34641000 35114000 239400000 1300000000 235500000 1200000000 We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.<div style="line-height:120%;text-align:left;padding-left:24px;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant. During 2016, we settled a contract dispute related to a land transaction that we terminated over ten years ago in response to a collapse in housing demand. As a result of the settlement, we recorded a charge of </span><span style="font-family:inherit;font-size:10pt;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, which is reflected in other expense, net.</span></div><br/> 15000000.0 P10Y Changes to warranty liabilities were as follows ($000’s omitted):<span style="font-family:inherit;font-size:9pt;"> </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:85.57504873294347%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,709</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,134</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61,179</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>65,567</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,014</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>67,169</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(64,525</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(58,780</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(55,892</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other adjustments </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,403</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,341</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,322</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Warranty liabilities, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>79,154</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>72,709</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,134</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 72709000 66134000 61179000 65567000 50014000 67169000 64525000 58780000 55892000 5403000 15341000 -6322000 79154000 72709000 66134000 12400000 1000 737000000.0 758800000 0.65 -35900000 -97800000 -57100000 Changes in these liabilities were as follows ($000's omitted):<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:53%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance, beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>758,812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>831,058</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>924,563</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reserves provided</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>93,156</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,176</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>97,916</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Adjustments to previously recorded reserves </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(35,873</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(97,789</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(57,132</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Payments, net </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(79,082</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(72,633</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(134,289</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance, end of period</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>737,013</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>758,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>831,058</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 758812000 831058000 924563000 93156000 98176000 97916000 -35873000 -97789000 -57132000 79082000 72633000 134289000 737013000 758812000 831058000 153000000.0 213400000 29600000 25000000.0 pplemental Guarantor information<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">All of our senior notes are guaranteed jointly and severally on a senior basis by certain of our wholly-owned Homebuilding subsidiaries and certain other wholly-owned subsidiaries (collectively, the “Guarantors”). Such guaranties are full and unconditional. Our subsidiaries comprising the Financial Services segment along with certain other subsidiaries (collectively, the "Non-Guarantor Subsidiaries") do not guarantee the senior notes. In accordance with Rule 3-10 of Regulation S-X, supplemental consolidating financial information of the Company, including such information for the Guarantors, is presented below. Investments in subsidiaries are presented using the equity method of accounting.</span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING BALANCE SHEET</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">DECEMBER 31, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup,<br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>906,961</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>203,127</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,110,088</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,406</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,206</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,612</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total cash, cash equivalents, and </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>929,367</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>204,333</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,133,700</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,157,665</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>95,688</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,849</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,849</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       for-sale</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>461,354</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">461,354</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,045</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>545</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,590</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,154</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>579,452</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>184,753</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>830,359</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>127,192</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>127,192</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>282,874</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>275,579</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in subsidiaries and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       intercompany accounts, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,557,245</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>500,138</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,231,342</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,288,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,906,273</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,384,708</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,170,720</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,288,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,172,976</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">LIABILITIES AND SHAREHOLDERS' EQUITY</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable, customer deposits,</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       accrued and other liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,158</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,598,265</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>278,713</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,967,136</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,580</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,580</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>348,412</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>348,412</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,753</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,776</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>537</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,028,066</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,088,491</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,639,041</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>627,662</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,355,194</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total shareholders’ equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,817,782</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,745,667</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,543,058</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,288,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,817,782</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,906,273</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,384,708</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,170,720</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,288,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,172,976</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING BALANCE SHEET</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">DECEMBER 31, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup,<br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,462</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,221</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>272,683</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,339</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,146</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,485</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total cash, cash equivalents, and </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,053,087</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,043</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       for-sale</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,415</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>542</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,957</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,417</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>592,045</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>143,661</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>745,123</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>646,227</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(932</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>645,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in subsidiaries and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       intercompany accounts, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,661,638</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,983</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,300,127</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,317,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,359,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,256,408</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">LIABILITIES AND SHAREHOLDERS' EQUITY</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable, customer deposits,</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       accrued and other liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,388</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,636,913</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>274,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,000,927</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,943</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,113</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,006,967</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,163,256</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,653,824</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>715,543</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,532,623</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total shareholders’ equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,154,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,705,883</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,540,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,154,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,317,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,359,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,256,408</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,694,703</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>123,742</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,818,445</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>162,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,492</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>164,504</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,856,715</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>126,234</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,982,949</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,382</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,382</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,856,715</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>331,616</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,188,331</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,449,343</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(91,594</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,540,937</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(125,016</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,544</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(126,560</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,574,359</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(93,138</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,667,497</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(563</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(146,859</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(147,422</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(974,858</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(37,165</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,012,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(580</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(53,765</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,496</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,849</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,835</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,835</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       equity in income (loss) of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,415</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,253,170</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102,785</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,540</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,104</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(304,218</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,403</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(325,517</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,311</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>948,952</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>79,382</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,028,334</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>782,948</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,884,379</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,049</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>862,330</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,884,379</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,049</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>862,330</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,884,379</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,229,392</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,592</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,323,984</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>57,711</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,831</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61,542</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,287,103</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,423</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,385,526</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192,160</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192,160</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,287,103</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>290,583</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,577,686</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,385,167</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(75,985</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,461,152</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(131,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,086</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(134,449</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,516,530</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(79,071</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,595,601</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(527</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(118,762</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(119,289</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(785,266</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(106,315</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(891,581</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(482</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(63,050</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,145</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,387</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,485</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,485</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       equity in income (loss) of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,967</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>921,730</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,065</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>938,828</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,127</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(483,435</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,299</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(491,607</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,840</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>438,295</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,766</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>449,061</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,559</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,864</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(734,484</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>496,854</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>237,630</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(734,484</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,302</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>496,854</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>237,630</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(734,484</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,302</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2016</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,427,757</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,558</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,451,315</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,642</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,447</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44,089</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,469,399</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26,005</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,495,404</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>181,126</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>181,126</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,469,399</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>207,131</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,676,530</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,566,653</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(21,321</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,587,974</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(30,156</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,959</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,115</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,596,809</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,280</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,620,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(533</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(108,040</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(108,573</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(907,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(49,402</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(957,150</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,321</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(77,389</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,842</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(56,868</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       equity in income (loss) of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,301</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>886,920</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,231</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>933,850</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,254</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(312,486</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,915</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(331,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,047</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>574,434</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,316</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,703</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>604,750</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,078</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>457,716</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,120,544</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,703</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>632,512</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>488,032</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,120,544</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,703</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>83</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>83</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,786</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>632,512</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>488,032</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,120,544</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,786</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF CASH FLOWS</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:34%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>494,518</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>791,350</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>163,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,449,744</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(51,147</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,892</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(59,039</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment in unconsolidated subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,300</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,797</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in) investing</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(40,847</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,095</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(41,942</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Proceeds from debt, net of issuance costs</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,164</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,164</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(81,758</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,017</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(82,775</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,566,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,566,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,566,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,566,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowings </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     (repayments), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(89,393</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(89,393</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,555</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,555</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(302,473</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(302,473</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(104,020</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(104,020</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,416</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102,821</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(494,518</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(106,815</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(580,270</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase (decrease)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>771,566</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,966</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>827,532</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>929,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>204,333</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,133,700</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF CASH FLOWS</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:34%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>309,757</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>328,163</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,157</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>663,077</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,432</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,619</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,051</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment in unconsolidated subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,037</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,037</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,778</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(932</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,846</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in) investing</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(42,691</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,551</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(50,242</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Proceeds from debt, net of issuance costs</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(123,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,301</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,446</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(134,747</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,720,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,720,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,720,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,720,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowings</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     (repayments), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>106,183</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>106,183</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,720</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,720</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(916,323</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(916,323</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(112,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(112,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>814,594</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(728,555</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,039</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(309,757</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(738,856</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,698</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,029,915</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase (decrease)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(453,384</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,304</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(417,080</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>611,185</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>112,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>723,248</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF CASH FLOWS</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2016</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:34%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>256,722</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(102,054</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,398</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,270</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(36,297</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,998</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(39,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment in unconsolidated subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,539</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,539</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash used for business acquisitions</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(430,458</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(430,458</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,189</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,911</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,100</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   investing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(470,105</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,087</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(471,192</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowings (repayments)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>63,744</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>63,744</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Proceeds from debt, net of issuance costs</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,991,937</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,995,937</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(965,245</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(21,235</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(439</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(986,919</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>619,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>619,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(619,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(619,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,845</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,845</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(603,206</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(603,206</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(124,666</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(124,666</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(561,387</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>541,703</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,684</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(256,722</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>524,468</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>82,989</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>350,735</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase (decrease)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,691</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,496</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(52,187</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>658,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>116,559</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>775,435</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>611,185</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>112,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>723,248</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> CONSOLIDATING BALANCE SHEET<div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">DECEMBER 31, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup,<br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>906,961</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>203,127</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,110,088</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22,406</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,206</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,612</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total cash, cash equivalents, and </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>929,367</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>204,333</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,133,700</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,157,665</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>95,688</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,253,353</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,849</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,849</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       for-sale</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>461,354</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">461,354</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,045</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>545</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,590</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,154</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>579,452</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>184,753</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>830,359</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>127,192</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>127,192</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>282,874</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>275,579</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in subsidiaries and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       intercompany accounts, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,557,245</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>500,138</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,231,342</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,288,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,906,273</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,384,708</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,170,720</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,288,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,172,976</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">LIABILITIES AND SHAREHOLDERS' EQUITY</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable, customer deposits,</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       accrued and other liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>90,158</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,598,265</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>278,713</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,967,136</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,580</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,580</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>348,412</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>348,412</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,753</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,776</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>537</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,028,066</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,088,491</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,639,041</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>627,662</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,355,194</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total shareholders’ equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,817,782</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,745,667</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,543,058</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,288,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,817,782</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,906,273</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,384,708</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,170,720</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,288,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,172,976</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING BALANCE SHEET</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">DECEMBER 31, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup,<br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">ASSETS</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash and equivalents</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,462</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,221</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>272,683</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,339</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,146</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,485</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total cash, cash equivalents, and </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       restricted cash</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">House and land inventory</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,053,087</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,043</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,147,130</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land held for sale</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,384</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Residential mortgage loans available-</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       for-sale</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570,600</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in unconsolidated entities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,415</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>542</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,957</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,417</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>592,045</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>143,661</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>745,123</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intangible assets</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140,992</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax assets, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>646,227</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(932</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>645,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in subsidiaries and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       intercompany accounts, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,661,638</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,983</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,300,127</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,317,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,359,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,256,408</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">LIABILITIES AND SHAREHOLDERS' EQUITY</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounts payable, customer deposits,</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       accrued and other liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,388</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,636,913</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>274,626</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,000,927</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>86,925</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services debt</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>437,804</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Notes payable</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,986,943</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,911</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,113</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,006,967</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,163,256</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,653,824</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>715,543</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,532,623</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total shareholders’ equity</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,154,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,705,883</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,540,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,154,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,317,282</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,359,707</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,256,408</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,246,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,686,649</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><br/> 0 906961000 203127000 0 1110088000 0 22406000 1206000 0 23612000 0 929367000 204333000 0 1133700000 0 7157665000 95688000 0 7253353000 0 36849000 0 0 36849000 0 0 461354000 0 0 54045000 545000 0 54590000 66154000 579452000 184753000 0 830359000 0 127192000 0 0 127192000 282874000 0 7295000 0 275579000 7557245000 500138000 8231342000 -16288725000 0 7906273000 9384708000 9170720000 -16288725000 10172976000 90158000 1598265000 278713000 0 1967136000 11580000 0 0 0 11580000 0 0 348412000 0 348412000 2986753000 40776000 537000 0 3028066000 3088491000 1639041000 627662000 0 5355194000 4817782000 7745667000 8543058000 -16288725000 4817782000 7906273000 9384708000 9170720000 -16288725000 10172976000 0 125462000 147221000 0 272683000 0 32339000 1146000 0 33485000 0 157801000 148367000 0 306168000 0 7053087000 94043000 0 7147130000 0 68384000 0 0 68384000 0 0 570600000 0 570600000 0 62415000 542000 0 62957000 9417000 592045000 143661000 0 745123000 0 140992000 0 0 140992000 646227000 0 932000 0 645295000 6661638000 284983000 7300127000 -14246748000 0 7317282000 8359707000 8256408000 -14246748000 9686649000 89388000 1636913000 274626000 0 2000927000 86925000 0 0 0 86925000 0 0 437804000 0 437804000 2986943000 16911000 3113000 0 3006967000 3163256000 1653824000 715543000 0 5532623000 4154026000 6705883000 7540865000 -14246748000 4154026000 7317282000 8359707000 8256408000 -14246748000 9686649000 CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)<div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,694,703</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>123,742</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,818,445</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>162,012</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,492</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>164,504</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,856,715</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>126,234</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,982,949</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,382</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,382</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,856,715</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>331,616</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,188,331</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,449,343</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(91,594</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,540,937</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(125,016</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,544</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(126,560</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,574,359</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(93,138</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,667,497</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(563</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(146,859</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(147,422</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(974,858</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(37,165</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,012,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(580</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(53,765</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,496</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13,849</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,835</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,835</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       equity in income (loss) of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,415</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,253,170</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102,785</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,540</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,104</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(304,218</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,403</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(325,517</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,311</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>948,952</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>79,382</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,028,334</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>782,948</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,884,379</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,049</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>862,330</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,884,379</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,049</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>862,330</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,884,379</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,123</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,229,392</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,592</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,323,984</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>57,711</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,831</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61,542</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,287,103</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,423</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,385,526</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192,160</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192,160</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,287,103</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>290,583</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,577,686</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,385,167</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(75,985</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,461,152</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(131,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,086</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(134,449</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,516,530</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(79,071</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,595,601</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(527</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(118,762</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(119,289</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(785,266</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(106,315</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(891,581</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(482</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(63,050</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,145</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,387</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,485</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,485</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       equity in income (loss) of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,967</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>921,730</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,065</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>938,828</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,127</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(483,435</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(9,299</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(491,607</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,840</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>438,295</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,766</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>449,061</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,559</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>226,864</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(734,484</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>496,854</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>237,630</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(734,484</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>81</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,302</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>496,854</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>237,630</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(734,484</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,302</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2016</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:31%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Homebuilding</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,427,757</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,558</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,451,315</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale and other revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,642</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,447</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44,089</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,469,399</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26,005</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,495,404</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>181,126</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>181,126</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,469,399</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>207,131</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,676,530</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding Cost of Revenues:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Home sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,566,653</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(21,321</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,587,974</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Land sale cost of revenues</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(30,156</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,959</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,115</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,596,809</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,280</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,620,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services expenses</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(533</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(108,040</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(108,573</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Selling, general, and administrative</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       expenses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(907,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(49,402</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(957,150</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other expense, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,321</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(77,389</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,842</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(56,868</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before income taxes and</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       equity in income (loss) of</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,301</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>886,920</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,231</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>933,850</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,254</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(312,486</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(19,915</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(331,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income (loss) before equity in income</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">       (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,047</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>574,434</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,316</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,703</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in income (loss) of subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>604,750</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,078</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>457,716</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,120,544</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,703</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>632,512</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>488,032</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,120,544</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,703</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>83</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>83</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Comprehensive income (loss)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,786</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>632,512</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>488,032</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,120,544</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>602,786</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 0 9694703000 123742000 0 9818445000 0 162012000 2492000 0 164504000 0 9856715000 126234000 0 9982949000 0 0 205382000 0 205382000 0 9856715000 331616000 0 10188331000 0 7449343000 91594000 0 7540937000 0 125016000 1544000 0 126560000 0 7574359000 93138000 0 7667497000 0 563000 146859000 0 147422000 0 974858000 37165000 0 1012023000 -580000 -53765000 40496000 0 -13849000 -7835000 0 7835000 0 0 -8415000 1253170000 102785000 0 1347540000 -2104000 304218000 23403000 0 325517000 -6311000 948952000 79382000 0 1022023000 1028334000 73097000 782948000 -1884379000 0 1022023000 1022049000 862330000 -1884379000 1022023000 100000 0 0 0 100000 1022123000 1022049000 862330000 -1884379000 1022123000 0 8229392000 94592000 0 8323984000 0 57711000 3831000 0 61542000 0 8287103000 98423000 0 8385526000 0 0 192160000 0 192160000 0 8287103000 290583000 0 8577686000 0 6385167000 75985000 0 6461152000 0 131363000 3086000 0 134449000 0 6516530000 79071000 0 6595601000 0 527000 118762000 0 119289000 0 785266000 106315000 0 891581000 -482000 -63050000 31145000 0 -32387000 -2485000 0 2485000 0 0 -2967000 921730000 20065000 0 938828000 -1127000 483435000 9299000 0 491607000 -1840000 438295000 10766000 0 447221000 449061000 58559000 226864000 -734484000 0 447221000 496854000 237630000 -734484000 447221000 81000 0 0 0 81000 447302000 496854000 237630000 -734484000 447302000 0 7427757000 23558000 0 7451315000 0 41642000 2447000 0 44089000 0 7469399000 26005000 0 7495404000 0 0 181126000 0 181126000 0 7469399000 207131000 0 7676530000 0 5566653000 21321000 0 5587974000 0 30156000 1959000 0 32115000 0 5596809000 23280000 0 5620089000 0 533000 108040000 0 108573000 0 907748000 49402000 0 957150000 -1321000 -77389000 21842000 0 -56868000 -1980000 0 1980000 0 0 -3301000 886920000 50231000 0 933850000 -1254000 312486000 19915000 0 331147000 -2047000 574434000 30316000 0 602703000 604750000 58078000 457716000 -1120544000 0 602703000 632512000 488032000 -1120544000 602703000 83000 0 0 0 83000 602786000 632512000 488032000 -1120544000 602786000 CONSOLIDATING STATEMENT OF CASH FLOWS<div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:34%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>494,518</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>791,350</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>163,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,449,744</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(51,147</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,892</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(59,039</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment in unconsolidated subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,000</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,300</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,797</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,097</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in) investing</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(40,847</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,095</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(41,942</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Proceeds from debt, net of issuance costs</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,164</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,164</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(81,758</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,017</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(82,775</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,566,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,566,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,566,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,566,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowings </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     (repayments), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(89,393</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(89,393</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,555</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,555</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(302,473</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(302,473</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(104,020</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(104,020</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,416</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>102,821</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(16,405</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(494,518</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(106,815</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(580,270</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase (decrease)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>771,566</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,966</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>827,532</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>929,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>204,333</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,133,700</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF CASH FLOWS</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2017</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:34%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>309,757</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>328,163</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,157</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>663,077</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(25,432</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,619</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(32,051</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment in unconsolidated subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,037</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23,037</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,778</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(932</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,846</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in) investing</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(42,691</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,551</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(50,242</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Proceeds from debt, net of issuance costs</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(123,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(10,301</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,446</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(134,747</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,720,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,720,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,720,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,720,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowings</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     (repayments), net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>106,183</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>106,183</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,720</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,720</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(916,323</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(916,323</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(112,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(112,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>814,594</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(728,555</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,039</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(309,757</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(738,856</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,698</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,029,915</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase (decrease)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(453,384</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,304</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(417,080</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>611,185</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>112,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>723,248</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>157,801</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>148,367</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,168</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">CONSOLIDATING STATEMENT OF CASH FLOWS</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">For the year ended </span><span style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">December 31, 2016</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">($000’s omitted)</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:34%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Unconsolidated</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated<br/>PulteGroup, <br/>Inc.</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">PulteGroup,<br/>Inc.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Guarantor<br/>Subsidiaries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Eliminating<br/>Entries</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   operating activities</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>256,722</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(102,054</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(86,398</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,270</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from investing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Capital expenditures</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(36,297</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,998</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(39,295</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment in unconsolidated subsidiaries</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,539</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,539</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash used for business acquisitions</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(430,458</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(430,458</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other investing activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,189</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,911</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,100</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   investing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(470,105</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,087</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(471,192</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash flows from financing activities:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial Services borrowings (repayments)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>63,744</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>63,744</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Proceeds from debt, net of issuance costs</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,991,937</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,995,937</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments of debt</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(965,245</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(21,235</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(439</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(986,919</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Borrowings under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>619,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>619,000</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Repayments under revolving credit facility</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(619,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(619,000</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock option exercises</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,845</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,845</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Share repurchases</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(603,206</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(603,206</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividends paid</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(124,666</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(124,666</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intercompany activities, net</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(561,387</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>541,703</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,684</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash provided by (used in)</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">   financing activities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(256,722</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>524,468</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>82,989</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>350,735</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net increase (decrease)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,691</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,496</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(52,187</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at beginning of year</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>658,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>116,559</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>775,435</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash, cash equivalents, and restricted cash </span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">     at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>611,185</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>112,063</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>723,248</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 494518000 791350000 163876000 0 1449744000 0 51147000 7892000 0 59039000 0 1000000 0 0 1000000 0 -11300000 -6797000 0 -18097000 0 -40847000 -1095000 0 -41942000 8164000 0 0 0 8164000 0 81758000 1017000 0 82775000 1566000000 0 0 0 1566000000 1566000000 0 0 0 1566000000 0 0 -89393000 0 -89393000 6555000 0 0 0 6555000 302473000 0 0 0 302473000 104020000 0 0 0 104020000 -86416000 102821000 -16405000 0 0 -494518000 21063000 -106815000 0 -580270000 0 771566000 55966000 0 827532000 0 157801000 148367000 0 306168000 0 929367000 204333000 0 1133700000 309757000 328163000 25157000 0 663077000 0 25432000 6619000 0 32051000 0 23037000 0 0 23037000 0 -5778000 932000 0 -4846000 0 -42691000 -7551000 0 -50242000 0 0 0 0 0 123000000 10301000 1446000 0 134747000 2720000000 0 0 0 2720000000 2720000000 0 0 0 2720000000 0 0 106183000 0 106183000 27720000 0 0 0 27720000 916323000 0 0 0 916323000 112748000 0 0 0 112748000 814594000 -728555000 -86039000 0 0 -309757000 -738856000 18698000 0 -1029915000 0 -453384000 36304000 0 -417080000 0 611185000 112063000 0 723248000 0 157801000 148367000 0 306168000 256722000 -102054000 -86398000 0 68270000 0 36297000 2998000 0 39295000 0 14539000 0 0 14539000 0 430458000 0 0 430458000 0 -11189000 -1911000 0 -13100000 0 -470105000 -1087000 0 -471192000 0 0 63744000 0 63744000 1991937000 4000000 0 0 1995937000 965245000 21235000 439000 0 986919000 619000000 0 0 0 619000000 619000000 0 0 0 619000000 5845000 0 0 0 5845000 603206000 0 0 0 603206000 124666000 0 0 0 124666000 -561387000 541703000 19684000 0 0 -256722000 524468000 82989000 0 350735000 0 -47691000 -4496000 0 -52187000 0 658876000 116559000 0 775435000 0 611185000 112063000 0 723248000 Quarterly results (unaudited)<div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">UNAUDITED QUARTERLY INFORMATION</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(000’s omitted, except per share data)</span></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:41%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">1st<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2nd<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">3rd<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">4th<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;">(a)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,924,155</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,516,958</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,597,746</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,944,091</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,982,949</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cost of revenues </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,471,488</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,900,316</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,976,220</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,319,473</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,667,497</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>210,358</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>388,453</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>365,055</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>324,938</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,288,804</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Services:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,938</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,764</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,620</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,059</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,382</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,833</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,717</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,633</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,553</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,736</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated results:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,970,093</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,569,722</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,649,366</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,999,150</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,188,331</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>224,191</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>409,170</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>384,688</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>329,491</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,540</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax expense</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(53,440</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(85,081</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(95,153</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(91,842</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(325,517</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>170,751</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>324,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>237,649</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net income per share:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.01</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.84</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.56</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.01</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.84</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.55</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of shares used in calculation:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,683</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>285,276</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>283,489</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>278,964</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>283,578</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of dilutive securities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,343</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,378</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,183</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,248</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>288,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,654</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,672</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>280,212</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cost of revenues includes land inventory impairments of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$66.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and net realizable value adjustments on land held for sale of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$9.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 4th Quarter. See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for a more complete discussion of land-related charges for the full year.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Homebuilding income before income taxes includes an insurance reserve reversal of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$37.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 2nd Quarter (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">) and write-offs of pre-acquisition costs of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$9.6 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 4th Quarter (See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Services income before income taxes includes a charge related to loan origination liabilities of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$16.2 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 4th Quarter (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">UNAUDITED QUARTERLY INFORMATION</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(000’s omitted, except per share data)</span></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:41%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">1st<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2nd<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">3rd<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">4th<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;">(a)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,588,111</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,974,584</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,106</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,738,724</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,385,526</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cost of revenues </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,220,906</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,637,536</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,589,728</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,147,431</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,595,601</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,762</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>103,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,463</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>385,508</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>865,332</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Services:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,767</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,275</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,952</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,166</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192,160</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,503</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,948</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,786</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,259</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,496</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated results:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,629,878</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,021,859</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,131,058</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,794,890</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,577,686</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>139,265</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>122,547</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,249</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>408,767</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>938,828</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax expense</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,747</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(21,798</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(90,710</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(331,352</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(491,607</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>91,518</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100,749</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>77,415</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net income per share:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.29</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.32</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.26</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.45</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.28</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.32</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.58</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.26</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.44</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of shares used in calculation:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>317,756</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>312,315</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>298,538</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>292,174</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>305,089</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of dilutive securities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,329</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,565</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,690</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,318</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>320,085</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>313,880</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,228</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>293,492</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cost of revenues includes land inventory impairments of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$31.5 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$57.5 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 2nd and 4th Quarters, respectively (see </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); net realizable value adjustments on land held for sale of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$81.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 2nd Quarter (see </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); and a warranty charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to a closed-out community in the 2nd Quarter (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div><span style="font-family:inherit;font-size:10pt;font-style:italic;">Homebuilding income before income taxes includes an </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$8.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> impairment of an investment in an unconsolidated entity in the 2nd Quarter (see </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); write-offs of insurance receivables of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$5.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$9.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for the 1st, 3rd, and 4th Quarters, respectively (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); and insurance reserve reversals of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$19.8 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$75.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 2nd and 4th Quarters, respectively (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a>). UNAUDITED QUARTERLY INFORMATION<div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(000’s omitted, except per share data)</span></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:41%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">1st<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2nd<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">3rd<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">4th<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;">(a)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,924,155</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,516,958</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,597,746</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,944,091</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,982,949</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cost of revenues </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,471,488</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,900,316</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,976,220</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,319,473</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(7,667,497</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>210,358</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>388,453</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>365,055</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>324,938</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,288,804</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Services:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,938</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,764</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>51,620</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>55,059</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205,382</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,833</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,717</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,633</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,553</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,736</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated results:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,970,093</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,569,722</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,649,366</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,999,150</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,188,331</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>224,191</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>409,170</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>384,688</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>329,491</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,347,540</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax expense</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(53,440</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(85,081</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(95,153</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(91,842</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(325,517</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>170,751</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>324,089</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>289,535</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>237,649</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,022,023</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net income per share:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.01</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.84</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.56</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.12</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.01</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.84</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.55</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of shares used in calculation:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,683</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>285,276</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>283,489</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>278,964</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>283,578</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of dilutive securities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,343</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,378</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,183</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,248</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,287</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>288,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>286,654</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,672</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>280,212</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>284,865</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cost of revenues includes land inventory impairments of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$66.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and net realizable value adjustments on land held for sale of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$9.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 4th Quarter. See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for a more complete discussion of land-related charges for the full year.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Homebuilding income before income taxes includes an insurance reserve reversal of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$37.9 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 2nd Quarter (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">) and write-offs of pre-acquisition costs of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$9.6 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 4th Quarter (See </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(d)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Services income before income taxes includes a charge related to loan origination liabilities of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$16.2 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 4th Quarter (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">UNAUDITED QUARTERLY INFORMATION</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">(000’s omitted, except per share data)</span></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:41%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">1st<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2nd<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">3rd<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">4th<br/>Quarter</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Total </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;font-style:italic;">(a)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2017</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Homebuilding:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,588,111</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,974,584</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,084,106</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,738,724</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,385,526</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cost of revenues </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,220,906</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,637,536</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,589,728</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,147,431</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(6,595,601</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>125,762</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>103,599</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>250,463</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>385,508</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>865,332</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Services:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,767</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,275</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,952</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,166</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192,160</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,503</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,948</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,786</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,259</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>73,496</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated results:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenues</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,629,878</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,021,859</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,131,058</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,794,890</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,577,686</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before income taxes</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>139,265</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>122,547</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268,249</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>408,767</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>938,828</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income tax expense</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(47,747</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(21,798</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(90,710</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(331,352</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(491,607</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>91,518</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100,749</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177,539</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>77,415</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>447,221</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Net income per share:</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.29</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.32</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.26</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.45</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.28</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.32</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.58</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.26</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.44</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of shares used in calculation:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>317,756</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>312,315</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>298,538</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>292,174</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>305,089</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effect of dilutive securities</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,329</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,565</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,690</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,318</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,725</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>320,085</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>313,880</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>300,228</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>293,492</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306,814</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(a)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cost of revenues includes land inventory impairments of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$31.5 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$57.5 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 2nd and 4th Quarters, respectively (see </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); net realizable value adjustments on land held for sale of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$81.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 2nd Quarter (see </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); and a warranty charge of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$12.4 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> related to a closed-out community in the 2nd Quarter (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">).</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">(c)</span></div><span style="font-family:inherit;font-size:10pt;font-style:italic;">Homebuilding income before income taxes includes an </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$8.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> impairment of an investment in an unconsolidated entity in the 2nd Quarter (see </span><a href="#sE0F0AFDDA661C435C3BBCFAC712A6783" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); write-offs of insurance receivables of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$15.0 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$5.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;">, and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$9.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> for the 1st, 3rd, and 4th Quarters, respectively (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a><span style="font-family:inherit;font-size:10pt;font-style:italic;">); and insurance reserve reversals of </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$19.8 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> and </span><span style="font-family:inherit;font-size:10pt;font-style:italic;"><span>$75.3 million</span></span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> in the 2nd and 4th Quarters, respectively (see </span><a href="#s08405A1748BF8D18F622CFAC734D9F79" style="font-family:inherit;font-size:10pt;font-style:italic;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Note 11</span></a>). 1924155000 2516958000 2597746000 2944091000 9982949000 1471488000 1900316000 1976220000 2319473000 7667497000 210358000 388453000 365055000 324938000 1288804000 45938000 52764000 51620000 55059000 205382000 13833000 20717000 19633000 4553000 58736000 1970093000 2569722000 2649366000 2999150000 10188331000 224191000 409170000 384688000 329491000 1347540000 53440000 85081000 95153000 91842000 325517000 170751000 324089000 289535000 237649000 1022023000 0.59 1.12 1.01 0.84 3.56 0.59 1.12 1.01 0.84 3.55 286683000 285276000 283489000 278964000 283578000 1343000 1378000 1183000 1248000 1287000 288026000 286654000 284672000 280212000 284865000 66900000 9000000.0 37900000 9600000 16200000 1588111000 1974584000 2084106000 2738724000 8385526000 1220906000 1637536000 1589728000 2147431000 6595601000 125762000 103599000 250463000 385508000 865332000 41767000 47275000 46952000 56166000 192160000 13503000 18948000 17786000 23259000 73496000 1629878000 2021859000 2131058000 2794890000 8577686000 139265000 122547000 268249000 408767000 938828000 47747000 21798000 90710000 331352000 491607000 91518000 100749000 177539000 77415000 447221000 0.29 0.32 0.59 0.26 1.45 0.28 0.32 0.58 0.26 1.44 317756000 312315000 298538000 292174000 305089000 2329000 1565000 1690000 1318000 1725000 320085000 313880000 300228000 293492000 306814000 31500000 57500000 81000000.0 12400000 8000000.0 15000000.0 5300000 9300000 -19800000 -75300000 XML 15 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
Document and Entity Information Document - USD ($)
 12 Months Ended
Dec. 31, 2018
Jan. 24, 2019
Jun. 30, 2018
Document And Entity Information [Abstract]      
Entity Registrant Name PULTEGROUP INC/MI/    
Entity Central Index Key 0000822416    
Current Fiscal Year End Date --12-31    
Entity Filer Category Large Accelerated Filer    
Document Type 10-K    
Document Period End Date Dec. 31, 2018    
Document Fiscal Year Focus 2018    
Document Fiscal Period Focus FY    
Amendment Flag false    
Entity Common Stock, Shares Outstanding   277,142,007  
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Emerging Growth Company false    
Entity Small Business false    
Entity Shell Company false    
Entity Public Float     $ 8,132,221,388
XML 16 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and equivalents $ 1,110,088 $ 272,683
Restricted cash 23,612 33,485
Total cash, cash equivalents, and restricted cash 1,133,700 306,168
House and land inventory 7,253,353 7,147,130
Land held for sale 36,849 68,384
Residential mortgage loans available-for-sale 461,354 570,600
Investments in unconsolidated entities 54,590 62,957
Other assets 830,359 745,123
Intangible assets 127,192 140,992
Deferred tax assets, net 275,579 645,295
Total assets 10,172,976 9,686,649
Liabilities:    
Accounts payable, including book overdrafts of $54,381 and $72,800 in 2018 and 2017, respectively 352,029 393,815
Customer deposits 254,624 250,779
Accrued and other liabilities 1,360,483 1,356,333
Income tax liabilities 11,580 86,925
Financial Services debt 348,412 437,804
Notes payable 3,028,066 3,006,967
Total liabilities 5,355,194 5,532,623
Shareholders’ equity:    
Preferred shares, $0.01 par value; 25,000,000 shares authorized, none issued 0 0
Common shares, $0.01 par value; 500,000,000 shares authorized, 277,109,507 and 286,752,436 shares issued and outstanding at December 31, 2018 and 2017, respectively 2,771 2,868
Additional paid-in capital 3,201,427 3,171,542
Accumulated other comprehensive loss (345) (445)
Retained earnings 1,613,929 980,061
Total shareholders’ equity 4,817,782 4,154,026
Total liabilities and shareholders' equity $ 10,172,976 $ 9,686,649
XML 17 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Statement of Financial Position [Abstract]    
Book overdrafts $ 54,381 $ 72,780
Preferred stock, par value (usd per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 25,000,000 25,000,000
Preferred stock, shares issued 0 0
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized 500,000,000 500,000,000
Common stock, shares issued 277,109,507 286,752,436
Common stock, shares outstanding 277,109,507 286,752,436
XML 18 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Homebuilding      
Revenue from Contract with Customer, Excluding Assessed Tax $ 10,188,331 $ 8,577,686 $ 7,676,530
Homebuilding Cost of Revenues:      
Selling, general, and administrative expenses (1,012,023) (891,581) (957,150)
Other expense, net (13,849) (32,387) (56,868)
Income before income taxes 1,347,540 938,828 933,850
Income tax expense (325,517) (491,607) (331,147)
Net income $ 1,022,023 $ 447,221 $ 602,703
Net income per share:      
Basic (usd per share) $ 3.56 $ 1.45 $ 1.76
Diluted (usd per share) 3.55 1.44 1.75
Cash dividends declared (usd per share) $ 0.38 $ 0.36 $ 0.36
Number of shares used in calculation:      
Basic shares outstanding (shares) 283,578 305,089 339,747
Effect of dilutive securities (shares) 1,287 1,725 2,376
Diluted shares outstanding (shares) 284,865 306,814 342,123
Total Homebuilding [Member]      
Homebuilding      
Revenue from Contract with Customer, Excluding Assessed Tax $ 9,982,949 $ 8,385,526 $ 7,495,404
Homebuilding Cost of Revenues:      
Cost of Revenue 7,667,497 6,595,601 5,620,089
Land [Member]      
Homebuilding      
Revenue from Contract with Customer, Excluding Assessed Tax 164,504 61,542 44,089
Homebuilding Cost of Revenues:      
Cost of Goods and Services Sold 126,560 134,449 32,115
Home Building [Member]      
Homebuilding      
Revenue from Contract with Customer, Excluding Assessed Tax 9,818,445 8,323,984 7,451,315
Homebuilding Cost of Revenues:      
Cost of Goods and Services Sold 7,540,937 6,461,152 5,587,974
Financial Service [Member]      
Homebuilding      
Revenue from Contract with Customer, Excluding Assessed Tax 205,382 192,160 181,126
Homebuilding Cost of Revenues:      
Cost of Revenue $ 147,422 $ 119,289 $ 108,573
XML 19 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]      
Net income $ 1,022,023 $ 447,221 $ 602,703
Other comprehensive income, net of tax:      
Change in value of derivatives 100 81 83
Other comprehensive income 100 81 83
Comprehensive income $ 1,022,123 $ 447,302 $ 602,786
XML 20 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Retained Earnings [Member]
Shareholders' Equity, shares at Dec. 31, 2015   349,149,000      
Shareholders' Equity at Dec. 31, 2015 $ 4,759,325 $ 3,491 $ 3,093,802 $ (609) $ 1,662,641
Stock option exercises, shares   498,000      
Stock option exercises 5,845 $ 5 5,840 0 0
Share issuances, net of cancellations, shares   530,000      
Share issuances, net of cancellations 8,856 $ 5 8,851    
Dividends declared (122,240)   0   (122,240)
Share repurchases, shares   (31,087,000)      
Share repurchases (603,206) $ (310)     (602,896)
Share-based compensation 18,626 $ 0 18,626 0 0
Excess tax benefits (deficiencies) from share-based compensation (10,629)   (10,629)    
Net income 602,703       602,703
Other comprehensive income 83     83  
Shareholders' Equity, shares at Dec. 31, 2016   319,090,000      
Shareholders' Equity at Dec. 31, 2016 4,659,363 $ 3,191 3,116,490 (526) 1,540,208
Stock option exercises, shares   2,352,000      
Stock option exercises 27,720 $ 24 27,696    
Cumulative Effect on Retained Earnings, Net of Tax 18,238 $ 0 (406) 0 18,644
Share issuances, net of cancellations, shares   730,000      
Share issuances, net of cancellations 3,565 $ 10 3,555    
Dividends declared (110,046)   0   (110,046)
Share repurchases, shares   (35,420,000)      
Share repurchases (916,323) $ (357)     (915,966)
Share-based compensation 24,207 $ 0 24,207 0 0
Excess tax benefits (deficiencies) from share-based compensation 0   0    
Net income 447,221       447,221
Other comprehensive income $ 81     81  
Shareholders' Equity, shares at Dec. 31, 2017 286,752,436 286,752,000      
Shareholders' Equity at Dec. 31, 2017 $ 4,154,026 $ 2,868 3,171,542 (445) 980,061
Stock option exercises, shares   605,000      
Stock option exercises 6,555 $ 6 6,549 0 0
Cumulative Effect on Retained Earnings, Net of Tax 22,411 $ 0     22,411
Share issuances, net of cancellations, shares   935,000      
Share issuances, net of cancellations 3,484 $ 9 3,475    
Dividends declared (108,489)   0   (108,489)
Share repurchases, shares   (11,182,000)      
Share repurchases (302,473) $ (112) (284)   (302,077)
Share-based compensation 20,145 $ 0 20,145 0 0
Net income 1,022,023       1,022,023
Other comprehensive income $ 100     100  
Shareholders' Equity, shares at Dec. 31, 2018 277,109,507 277,110,000      
Shareholders' Equity at Dec. 31, 2018 $ 4,817,782 $ 2,771 $ 3,201,427 $ (345) $ 1,613,929
XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 1,022,023 $ 447,221 $ 602,703
Adjustments to reconcile net income to net cash from operating activities:      
Deferred income tax expense 362,777 422,307 334,787
Land-related charges 99,446 191,913 19,357
Depreciation and amortization 49,429 50,998 54,007
Share-based compensation expense 28,290 33,683 22,228
Loss on debt retirements 0 0 657
Other, net (3,612) (1,789) 1,614
Increase (decrease) in cash due to:      
Inventories (50,362) (569,030) (897,092)
Residential mortgage loans available-for-sale 107,330 (33,009) (99,527)
Other assets (64,174) 55,099 (45,721)
Accounts payable, accrued and other liabilities (101,403) 65,684 75,257
Net cash provided by operating activities 1,449,744 663,077 68,270
Cash flows from investing activities:      
Capital expenditures (59,039) (32,051) (39,295)
Investment in unconsolidated subsidiaries (1,000) (23,037) (14,539)
Cash used for business acquisition 0 0 (430,458)
Other investing activities, net 18,097 4,846 13,100
Net cash used in investing activities (41,942) (50,242) (471,192)
Cash flows from financing activities:      
Payments of Debt Issuance Costs (8,164)    
Proceeds from debt, net of issuance costs   0 1,995,937
Repayments of debt (82,775) (134,747) (986,919)
Borrowings under revolving credit facility 1,566,000 2,720,000 619,000
Repayments under revolving credit facility (1,566,000) (2,720,000) (619,000)
Financial Services borrowings (repayments), net (89,393) 106,183 63,744
Stock option exercises 6,555 27,720 5,845
Share repurchases (302,473) (916,323) (603,206)
Dividends paid (104,020) (112,748) (124,666)
Net cash provided by (used in) financing activities (580,270) (1,029,915) 350,735
Net increase (decrease) 827,532 (417,080) (52,187)
Cash, cash equivalents, and restricted cash at beginning of period 306,168 723,248 775,435
Cash, cash equivalents, and restricted cash at end of period 1,133,700 306,168 723,248
Supplemental Cash Flow Information:      
Interest paid (capitalized), net 557 (942) (26,538)
Income taxes paid, net $ 89,204 $ 14,875 $ 2,743
XML 22 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Summary of significant accounting policies Summary of significant accounting policies

Basis of presentation

PulteGroup, Inc. is one of the largest homebuilders in the U.S., and our common shares trade on the New York Stock Exchange under the ticker symbol “PHM”. Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also have mortgage banking operations, conducted principally through Pulte Mortgage LLC (“Pulte Mortgage”), and title and insurance brokerage operations.

The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include the accounts of PulteGroup, Inc. and all of its direct and indirect subsidiaries and variable interest entities in which PulteGroup, Inc. is deemed to be the primary beneficiary. All significant intercompany accounts, transactions, and balances have been eliminated in consolidation.

Business acquisitions

We acquired substantially all of the assets of JW Homes ("Wieland") in January 2016, for $430.5 million in cash and the assumption of certain payables related to such assets. The acquired net assets were located in Atlanta, Charleston, Charlotte, Nashville, and Raleigh, and included approximately 7,000 lots, including 375 homes in inventory, and control of approximately 1,300 lots through land option contracts. We also assumed a sales order backlog of 317 homes. The acquired net assets were recorded at their estimated fair values and resulted in goodwill of $40.4 million and separately identifiable intangible assets of $18.0 million comprised of the John Wieland Homes and Neighborhoods tradename, which is being amortized over a 20-year life. The acquisition of these assets was not material to our results of operations or financial condition.

Use of estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Reclassifications

Effective with our first quarter 2018 reporting, we reclassified customer deposit income from other expense, net to land sale and other revenues. All prior period amounts have been reclassified to conform to the current presentation.

Subsequent events

We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission ("SEC").

Cash and equivalents

Cash and equivalents include institutional money market investments and time deposits with a maturity of three months or less when acquired. Cash and equivalents at December 31, 2018 and 2017 also included $40.9 million and $80.3 million, respectively, of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit.

Restricted cash

We maintain certain cash balances that are restricted as to their use, including customer deposits on home sales that are temporarily restricted by regulatory requirements until title transfers to the homebuyer. Total cash, cash equivalents, and restricted cash includes restricted cash balances of $23.6 million and $33.5 million at December 31, 2018 and 2017, respectively.

Investments in unconsolidated entities

We have investments in a number of unconsolidated entities, including joint ventures, with independent third parties. The equity method of accounting is used for unconsolidated entities over which we have significant influence; generally this represents ownership interests of at least 20% and not more than 50%. Under the equity method of accounting, we recognize our proportionate share of the earnings and losses of these entities. Certain of these entities sell land to us. We defer the recognition of profits from such activities until the time we ultimately sell the related land.

We evaluate our investments in unconsolidated entities for recoverability in accordance with Accounting Standards Codification (“ASC”) 323, “Investments – Equity Method and Joint Ventures” (“ASC 323”). If we determine that a loss in the value of the investment is other than temporary, we write down the investment to its estimated fair value. Any such losses are recorded to equity in (earnings) loss of unconsolidated entities, which is reflected in other expense, net. Due to uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. See Note 4.

Intangible assets

Goodwill, which represents the cost of acquired businesses in excess of the fair value of the net assets of such businesses at the acquisition date, was recorded as the result of the Wieland acquisition and totaled $40.4 million at December 31, 2018 and 2017. We assess goodwill for impairment annually in the fourth quarter and if events or changes in circumstances indicate the carrying amount may not be recoverable.

Intangible assets also include tradenames acquired in connection with the 2016 acquisition of Wieland, the 2009 acquisition of Centex, and the 2001 acquisition of Del Webb, all of which are being amortized over 20-year lives. The acquired cost and accumulated amortization of our tradenames were $277.0 million and $190.2 million, respectively, at December 31, 2018, and $277.0 million and $176.4 million, respectively, at December 31, 2017. Amortization expense totaled $13.8 million in 2018, 2017, and 2016, respectively, and is expected to be $13.8 million in 2019, $13.8 million in 2020, $10.4 million in 2021, and $5.7 million in 2022. The ultimate realization of these assets is dependent upon the future cash flows and benefits that we expect to generate from their use. We assess tradenames for impairment if events or changes in circumstances indicate the carrying amount may not be recoverable.

Property and equipment, net, and depreciation

Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed by the straight-line method based upon estimated useful lives as follows: office furniture and equipment - 3 to 10 years; leasehold improvements - life of the lease; software and hardware - 3 to 5 years; model park improvements and furnishings - 1 to 5 years. Property and equipment are included in other assets and totaled $92.9 million net of accumulated depreciation of $209.3 million at December 31, 2018 and $70.7 million net of accumulated depreciation of $206.5 million at December 31, 2017. Depreciation expense totaled $35.6 million, $37.2 million, and $40.2 million in 2018, 2017, and 2016, respectively.

Advertising costs

Advertising costs are expensed to selling, general, and administrative expense as incurred and totaled $51.0 million, $45.0 million, and $50.7 million, in 2018, 2017, and 2016, respectively.

Employee benefits

We maintain a defined contribution retirement plan that covers substantially all of our employees. Company contributions to the plan totaled $17.9 million, $15.7 million, and $14.6 million in 2018, 2017, and 2016, respectively.

Other expense, net

Other expense, net consists of the following ($000’s omitted): 
 
2018
 
2017
 
2016
Write-offs of deposits and pre-acquisition costs (Note 2)
$
(16,992
)
 
$
(11,367
)
 
$
(17,157
)
Lease exit and related costs (a)
(240
)
 
(1,729
)
 
(11,643
)
Amortization of intangible assets (Note 1)
(13,800
)
 
(13,800
)
 
(13,800
)
Interest expense
(618
)
 
(503
)
 
(686
)
Interest income
7,593

 
2,537

 
3,236

Equity in earnings (loss) of unconsolidated entities (Note 4) (b)
2,690

 
(1,985
)
 
8,337

Miscellaneous, net (c)
7,518

 
(5,540
)
 
(25,155
)
Total other expense, net
$
(13,849
)
 
$
(32,387
)
 
$
(56,868
)


(a)
Lease exit and related costs resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013.
(b)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in 2017 (see Note 2).
(c)
Miscellaneous, net includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).

Earnings per share

Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares, adjusted for unvested shares, (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price of our common shares are considered anti-dilutive and excluded from the diluted earnings per share calculation. Our earnings per share excluded 1.8 million potentially dilutive instruments in 2016. Anti-dilutive shares were immaterial in 2018 and 2017.

In accordance with ASC 260 "Earnings Per Share" ("ASC 260"), the two-class method determines earnings per share for each class of common share and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities. The following table presents the earnings per common share (000's omitted, except per share data):

 
December 31, 2018
 
December 31, 2017
 
December 31, 2016
Numerator:
 
 
 
 
 
Net income
$
1,022,023

 
$
447,221

 
$
602,703

Less: earnings distributed to participating securities
(1,208
)
 
(1,192
)
 
(1,100
)
Less: undistributed earnings allocated to participating securities
(9,984
)
 
(3,380
)
 
(3,622
)
Numerator for basic earnings per share
$
1,010,831

 
$
442,649

 
$
597,981

Add back: undistributed earnings allocated to participating securities
9,984

 
3,380

 
3,622

Less: undistributed earnings reallocated to participating securities
(9,939
)
 
(3,361
)
 
(3,602
)
Numerator for diluted earnings per share
$
1,010,876

 
$
442,668

 
$
598,001

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Basic shares outstanding
283,578

 
305,089

 
339,747

Effect of dilutive securities
1,287

 
1,725

 
2,376

Diluted shares outstanding
284,865

 
306,814

 
342,123

 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
Basic
$
3.56

 
$
1.45

 
$
1.76

Diluted
$
3.55

 
$
1.44

 
$
1.75



 Share-based compensation

We measure compensation cost for restricted shares and restricted share units at fair value on the grant date. Fair value is determined based on the quoted price of our common shares on the grant date. We recognize compensation expense for restricted shares and restricted share units, the majority of which cliff vest at the end of three years, ratably over the vesting period. For share-based awards containing performance conditions, we recognize compensation expense ratably over the vesting period when it is probable that the stated performance targets will be achieved and record cumulative adjustments in the period in which estimates change. Compensation expense related to our share-based awards is included in selling, general, and administrative expense, except for a small portion recognized in Financial Services expenses. See Note 7.

Income taxes

The provision for income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is primarily dependent upon the generation of future taxable income. In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment is required. Differences between the anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated results of operations or financial position.
    
Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We follow the provisions of ASC 740 which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Significant judgment is required to evaluate uncertain tax positions. Our evaluations of tax positions consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlements of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in income tax expense (benefit) in the period in which the change is made. Interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense (benefit). See Note 8.

Revenue recognition

Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled $254.6 million and $250.8 million at December 31, 2018 and 2017, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit.

Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During 2018, we closed on a number of land sale transactions that generated gains totaling $31.4 million, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.

Financial services revenues - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.

Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on home and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are considered satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $30.8 million at December 31, 2018. Contract assets totaling $27.7 million were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "New accounting pronouncements" within Note 1 for further discussion.

Sales incentives

When sales incentives involve a discount on the selling price of the home, we record the discount as a reduction of revenue at the time of house closing. If the sales incentive requires us to provide a free product or service to the customer, the cost of the free product or service is recorded as cost of revenues at the time of house closing. This includes the cost related to optional upgrades and seller-paid financing costs, closing costs, homeowners’ association fees, or merchandise.

Inventory and cost of revenues

Inventory is stated at cost unless the carrying value is determined to not be recoverable, in which case the affected inventory is written down to fair value. Cost includes land acquisition, land development, and home construction costs, including interest, real estate taxes, and certain direct and indirect overhead costs related to development and construction. For those communities for which construction and development activities have been idled, applicable interest and real estate taxes are expensed as incurred. Land acquisition and development costs are allocated to individual lots using an average lot cost determined based on the total expected land acquisition and development costs and the total expected home closings for the community. The specific identification method is used to accumulate home construction costs.

We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.

Cost of revenues includes the construction cost, average lot cost, estimated warranty costs, and closing costs applicable to the home. Sales commissions are classified within selling, general, and administrative expenses. The construction cost of the home includes amounts paid through the closing date of the home, plus an accrual for costs incurred but not yet paid. Total community land acquisition and development costs are based on an analysis of budgeted costs compared with actual costs incurred to date and estimates to complete. The development cycles for our communities range from under one year to in excess of ten years for certain master planned communities. Adjustments to estimated total land acquisition and development costs for the community affect the amounts costed for the community’s remaining lots.
    
We test inventory for impairment when events and circumstances indicate that the undiscounted cash flows estimated to be generated by the community may be less than its carrying amount. Such indicators include gross margins or sales paces significantly below expectations, construction costs or land development costs significantly in excess of budgeted amounts, significant delays or changes in the planned development or strategy for the community, and other known qualitative factors. Communities that demonstrate potential impairment indicators are tested for impairment by comparing the expected undiscounted cash flows for the community to its carrying value. For those communities whose carrying values exceed the expected undiscounted cash flows, we estimate the fair value of the community, and impairment charges are recorded if the fair value of the community's inventory is less than its carrying value. See Note 2.

 Land held for sale

We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land held for sale is recorded at the lower of cost or fair value less costs to sell. In determining the value of land held for sale, we consider recent offers received, prices for land in recent comparable sales transactions, and other factors. We record net realizable value adjustments for land held for sale within Homebuilding land sale cost of revenues. See Note 2.

Land option agreements

We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net.  See Note 2.

If an entity holding the land under option is a variable interest entity (“VIE”), our deposit represents a variable interest in that entity. No VIEs required consolidation at either December 31, 2018 or 2017 because we determined that we were not the primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the applicable land option agreements. The following provides a summary of our interests in land option agreements ($000’s omitted):
 
 
December 31, 2018
 
December 31, 2017
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
90,717

 
$
1,079,507

 
$
78,889

 
$
977,480

Other land options
127,851

 
1,522,903

 
129,098

 
1,485,099

 
$
218,568

 
$
2,602,410

 
$
207,987

 
$
2,462,579



Allowance for warranties

Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home's construction and operating systems for periods of up to 10 years. We estimate the costs to be incurred under these warranties and record a liability in the amount of such costs at the time revenue is recognized (see Note 11).

Self-insured risks

We maintain, and require the majority of our subcontractors to maintain, general liability insurance coverage, including coverage for certain construction defects. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. However, we retain a significant portion of the overall risk for such claims. We reserve for these costs on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims, which include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from our subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. See Note 11.

Residential mortgage loans available-for-sale

Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale. Election of the fair value option for these loans allows a better offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without having to apply complex hedge accounting provisions. We do not designate any derivative instruments as hedges or apply the hedge accounting provisions of ASC 815, “Derivatives and Hedging.” See Note 11 for discussion of the risks retained related to mortgage loan originations. 

Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment.  Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. At December 31, 2018 and 2017, residential mortgage loans available-for-sale had an aggregate fair value of $461.4 million and $570.6 million, respectively, and an aggregate outstanding principal balance of $444.2 million and $553.5 million, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled $0.7 million and $(2.2) million for the years ended December 31, 2018 and 2017, respectively. These changes in fair value were substantially offset by changes in fair value of the corresponding hedging instruments. Net gains from the sale of mortgages during 2018, 2017, and 2016 were $111.3 million, $110.9 million, and $109.6 million, respectively, and have been included in Financial Services revenues.

Mortgage servicing rights

We sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the servicing rights for only a short period of time. The servicing sales contracts provide for the reimbursement of payments made by the purchaser if loans prepay within specified periods of time, generally within 90 to 120 days after sale. We establish reserves for this exposure at the time the sale is recorded. Such reserves were immaterial at December 31, 2018 and 2017.

Loans held for investment

We maintain a portfolio of loans that either have been repurchased from investors or were not saleable upon closing. We have the intent and ability to hold these loans for the foreseeable future or until maturity or payoff. These loans are reviewed annually for impairment, or when recoverability becomes doubtful. Loans held for investment are included in other assets and totaled $8.9 million and $11.2 million at December 31, 2018 and 2017, respectively.

Interest income on mortgage loans

Interest income on mortgage loans is recorded in Financial Services revenues, accrued from the date a mortgage loan is originated until the loan is sold, and totaled $11.3 million, $9.5 million, and $8.0 million in 2018, 2017, and 2016, respectively. Loans are placed on non-accrual status once they become greater than 90 days past due their contractual terms. Subsequent payments received are applied according to the contractual terms of the loan. Mortgage discounts are not amortized as interest income due to the short period the loans are held until sale to third party investors.

Derivative instruments and hedging activities

We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At December 31, 2018 and 2017, we had aggregate IRLCs of $285.0 million and $210.9 million, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.

We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At December 31, 2018 and 2017, we had unexpired forward contracts of $511.0 million and $522.0 million, respectively, and whole loan investor commitments of $187.8 million and $203.1 million, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.

There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days. 

The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted):
 
 
December 31, 2018
 
December 31, 2017
 
Other Assets
 
Other Liabilities
 
Other Assets
 
Other Liabilities
Interest rate lock commitments
$
9,196

 
$
161

 
$
5,990

 
$
407

Forward contracts
315

 
7,229

 
432

 
817

Whole loan commitments
393

 
1,111

 
794

 
941

 
$
9,904

 
$
8,501

 
$
7,216

 
$
2,165



New accounting pronouncements

On January 1, 2018, we adopted ASC 606, which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services and satisfaction of performance obligations to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. We applied the modified retrospective method to contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the previous accounting standards. We recorded a net increase to opening retained earnings of $22.4 million, net of tax, as of January 1, 2018, due to the cumulative impact of adopting ASC 606, with the impact primarily related to the recognition of contract assets for insurance brokerage commission renewals. There was not a material impact to revenues as a result of applying ASC 606 in 2018, and there have not been significant changes to our business processes, systems, or internal controls as a result of implementing the standard.

On January 1, 2018, we adopted Accounting Standards Update ("ASU") No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), on a retrospective basis. ASU 2016-15 addresses several specific cash flow issues. The adoption of ASU 2016-15 had no effect on our financial statements.

ASC 842, "Leases", becomes effective for us for interim and annual periods beginning January 1, 2019. The standard requires that lease assets and liabilities be recognized on the balance sheet and that key information about leasing arrangements be disclosed. Upon adoption, we expect to recognize additional lease assets and liabilities of approximately $80 million to reflect the present value of remaining lease payments under existing leasing arrangements. While the recognition of such lease assets and liabilities will impact our consolidated balance sheet, we do not expect a material impact on our consolidated statements of operations or cash flows. We also do not expect significant changes to our business processes, systems, or internal controls as a result of implementing the standard. We have elected to apply the modified retrospective transition approach, so financial information will not be updated for periods prior to January 1, 2019.

In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment." ("ASU 2017-04"), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect ASU 2017-04 to have a material impact on our financial statements.
XML 23 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory And Land Held For Sale
 12 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
Inventory and land held for sale Inventory and land held for sale

Major components of inventory at December 31, 2018 and 2017 were ($000’s omitted):
 
2018
 
2017
Homes under construction
$
2,630,158

 
$
2,421,405

Land under development
4,129,225

 
4,135,814

Raw land
493,970

 
589,911

 
$
7,253,353

 
$
7,147,130



In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels. Activity related to interest capitalized into inventory is as follows ($000’s omitted):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Interest in inventory, beginning of period
$
226,611

 
$
186,097

 
$
149,498

Interest capitalized
172,809

 
181,719

 
160,506

Interest expensed
(171,925
)
 
(141,205
)
 
(123,907
)
Interest in inventory, end of period
$
227,495

 
$
226,611

 
$
186,097



Land-related charges

We recorded the following land-related charges ($000's omitted):
 
Statement of Operations Classification
 
2018
 
2017
 
2016
Net realizable value adjustments ("NRV") - land held for sale
Land sale cost of revenues
 
$
11,489

 
$
83,576

 
$
1,105

Land impairments
Home sale cost of revenues
 
70,965

 
88,952

 
1,074

Impairments of unconsolidated entities
Other expense, net
 
—

 
8,017

 
—

Write-offs of deposits and pre-acquisition costs
Other expense, net
 
16,992

 
11,367

 
17,157

Total land-related charges
 
 
$
99,446

 
$
191,912

 
$
19,336



Land-related charges have not been a significant broad-based issue since the U.S. housing recovery began in 2012. However, we experienced changes to facts and circumstances related to specific individual communities in 2018 and 2017 that elevated such charges.

As explained in Note 1, we periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. The NRVs in 2017 were primarily the result of a plan we announced in May 2017 to sell select non-core and underutilized land parcels following a strategic review of our land portfolio. As part of that review, we determined that we would sell certain inactive land parcels, representing approximately 17 communities and 4,600 lots. These land parcels were located in diverse geographic areas and no longer fit into our strategic plans. The land parcels identified for sale included: land requiring significant additional development spend that would not yield suitable returns; land in excess of near-term need; and land entitled for certain product types inconsistent with our primary offerings. As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded NRVs totaling $81.0 million in the three months ended June 30, 2017, related to inventory with a pre-NRV carrying value of $151.0 million. An additional $2.6 million of NRVs were recorded throughout 2017 as the result of adjustments to the aforementioned valuations as the sale process progressed or related to other land parcels we chose to sell. The estimated fair values of these inactive land parcels that were held for sale were generally based on comparisons to market comparable transactions, letters of intent, active negotiations with market participants, or similar market-based information supplemented in certain instances by estimated future net cash flows discounted for inherent risk associated with each underlying asset. The majority of these parcels were sold to third parties in either 2017 or 2018; such transactions are classified as land sale revenues.

Land impairments relate to communities that are either active or that we intend to eventually open and build out. On a quarterly basis, we review each of our land positions for potential indicators of impairment and perform detailed impairment calculations for communities that display indicators of potential impairment.

•
In 2018, we received an unfavorable determination related to one of our communities that had been idle while pursuing entitlements for over 10 years. This unfavorable determination caused a significant reduction in the number of lots and necessitated certain changes to the expected product offering and land development that, combined with rising costs and a softening in demand in the applicable local market, resulted in an impairment of $59.2 million. Impairments for all other communities in 2018 totaled $11.8 million.

•
In 2017, our impairments resulted from:

–
As part of the May 2017 strategic review, we decided to accelerate the monetization of two communities through a combination of changing the product offerings and lowering the sales prices within the communities. This decision resulted in land impairments of $31.5 million in the three months ended June 30, 2017.
–
Separately, we recorded an impairment charge of $53.0 million related to one large project. This impairment resulted from increases in our estimates for future land development and house construction costs combined with lower pricing and slower sales paces for this project, which is located in an area where competitive conditions limit our ability to offset our cost increases through higher sales prices. Impairments for all other communities in 2017 totaled $4.5 million.

We determine the fair value of a community's inventory using a combination of discounted cash flow models and market comparable transactions, where available. These estimated cash flows are significantly impacted by estimates related to expected average selling prices, expected sales paces, expected land development and construction timelines, and anticipated land development, construction, and overhead costs. The assumptions used in the cash flow models are specific to each community and typically do not assume improvements in market conditions in the near term. The discount rate used in determining each community's fair value depends on the stage of development of the community and other specific factors that increase or decrease the inherent risks associated with the community's cash flow streams. Accordingly, determining the fair value of a community's inventory involves a number of variables, many of which are interrelated. The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of impaired communities ($000's omitted):

 
 
Communities Impaired
 
Fair Value of Communities Impaired, Net of Impairment Charges
 
Impairment Charges
 
Average Selling Price
 
Quarterly Sales Pace (homes)
 
Discount Rate
2018
8

 
$
24,062

 
$
70,965

 
$287 to $586
 
2 to 11
 
12% to 22%

2017
9

 
19,252

 
88,952

 
$207 to $818
 
1 to 11
 
12% to 25%

2016
2

 
8,920

 
1,074

 
$109 to $563
 
3 to 5
 
12
%

Our evaluations for impairments are based on our best estimates of the future cash flows for our communities. Due to uncertainties in the estimation process, the significant volatility in demand for new housing, the long life cycles of certain of our communities, and potential changes in our strategy related to certain communities, actual results could differ significantly from such estimates.

Land held for sale

Land held for sale at December 31, 2018 and 2017 was as follows ($000’s omitted):
 
 
2018
 
2017
Land held for sale, gross
$
40,037

 
$
142,070

Net realizable value reserves
(3,188
)
 
(73,686
)
Land held for sale, net
$
36,849

 
$
68,384
XML 24 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment information Segment information

Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. Home sale revenues for detached and attached homes were $8.2 billion and $1.6 billion in 2018, $7.3 billion and $1.1 billion in 2017, and $6.5 billion and $1.0 billion in 2016, respectively. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:
Northeast:
 
Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio
Texas:
 
Texas
West:
 
Arizona, California, Nevada, New Mexico, Washington

We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking, title, and insurance brokerage operations. The Financial Services segment operates generally in the same markets as the Homebuilding segments. Evaluation of segment performance is generally based on income before income taxes. Each reportable segment generally follows the same accounting policies described in Note 1.
 
Operating Data by Segment ($000’s omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Revenues:
 
 
 
 
 
Northeast
$
839,700

 
$
693,877

 
$
699,718

Southeast
1,746,161

 
1,564,116

 
1,492,502

Florida
1,944,170

 
1,494,389

 
1,285,890

Midwest
1,497,389

 
1,450,192

 
1,235,198

Texas
1,301,004

 
1,168,755

 
1,035,428

West
2,654,525

 
2,014,197

 
1,746,668

 
9,982,949

 
8,385,526

 
7,495,404

Financial Services
205,382

 
192,160

 
181,126

Consolidated revenues
$
10,188,331

 
$
8,577,686

 
$
7,676,530

 
 
 
 
 
 
Income before income taxes (a):
 
 
 
 
 
Northeast (b)
$
29,629

 
$
21,190

 
$
81,991

Southeast
202,639

 
122,532

 
145,011

Florida (c)
289,418

 
208,825

 
205,049

Midwest
179,568

 
178,231

 
120,159

Texas
193,946

 
182,862

 
152,355

West (d)
511,828

 
229,504

 
225,771

Other homebuilding (e)
(118,224
)
 
(77,812
)
 
(69,570
)
 
1,288,804

 
865,332

 
860,766

Financial Services
58,736

 
73,496

 
73,084

Consolidated income before income taxes
$
1,347,540

 
$
938,828

 
$
933,850


(a)
Includes certain land-related charges (see the following table and Note 2).
(b)
Northeast includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).
(c)
Florida includes a warranty charge of $12.4 million in 2017 related to a closed-out community (see Note 11).
(d)
West includes gains of $26.4 million in 2018 related to two land sale transactions in California.
(e)
Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also includes: write-off of $29.6 million of insurance receivables associated with the resolution of certain insurance matters in 2017 (see Note 11); general liability insurance reserve reversals of $35.9 million, $97.8 million, and $57.1 million in 2018, 2017 and 2016, respectively (see Note 11); and costs associated with the relocation of our corporate headquarters totaling $8.3 million in 2016.
 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Land-related charges*:
 
 
 
 
 
Northeast
$
74,488

 
$
51,362

 
$
2,079

Southeast
8,140

 
55,689

 
3,089

Florida
1,166

 
9,702

 
715

Midwest
7,361

 
8,917

 
3,383

Texas
1,204

 
2,521

 
515

West
5,159

 
56,995

 
8,960

Other homebuilding
1,928

 
6,726

 
595

 
$
99,446

 
$
191,912

 
$
19,336


*
Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See Note 2 for additional discussion of these charges.

 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Depreciation and amortization:
 
 
 
 
 
Northeast
$
2,093

 
$
2,392

 
$
2,133

Southeast
5,231

 
5,117

 
5,350

Florida
4,893

 
4,883

 
4,955

Midwest
4,271

 
4,449

 
5,099

Texas
3,082

 
3,301

 
3,673

West
6,758

 
5,828

 
6,739

Other homebuilding (a)
18,908

 
21,326

 
22,467

 
45,236

 
47,296

 
50,416

Financial Services
4,193

 
3,702

 
3,591

 
$
49,429

 
$
50,998

 
$
54,007

(a)
Other homebuilding includes amortization of intangible assets.


 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
268,900

 
$
291,467

 
$
52,245

 
$
612,612

 
$
704,515

Southeast
443,140

 
676,087

 
90,332

 
1,209,559

 
1,347,427

Florida
467,625

 
892,669

 
85,321

 
1,445,615

 
1,601,906

Midwest
314,442

 
433,056

 
29,908

 
777,406

 
849,596

Texas
284,405

 
427,124

 
98,415

 
809,944

 
881,629

West
805,709

 
1,131,841

 
118,579

 
2,056,129

 
2,208,092

Other homebuilding (a)
45,937

 
276,981

 
19,170

 
342,088

 
2,006,825

 
2,630,158

 
4,129,225

 
493,970

 
7,253,353

 
9,599,990

Financial Services


 


 


 
—

 
572,986

 
$
2,630,158

 
$
4,129,225

 
$
493,970

 
$
7,253,353

 
$
10,172,976

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,413

 
$
327,599

 
$
73,574

 
$
635,586

 
$
791,511

Southeast
433,411

 
613,626

 
121,238

 
1,168,275

 
1,287,992

Florida
359,651

 
876,856

 
109,069

 
1,345,576

 
1,481,837

Midwest
299,896

 
476,694

 
28,482

 
805,072

 
877,282

Texas
251,613

 
435,018

 
87,392

 
774,023

 
859,847

West
798,706

 
1,137,940

 
147,493

 
2,084,139

 
2,271,328

Other homebuilding (a)
43,715

 
268,081

 
22,663

 
334,459

 
1,469,234

 
2,421,405

 
4,135,814

 
589,911

 
7,147,130

 
9,039,031

Financial Services
—

 
—

 
—

 
—

 
647,618

 
$
2,421,405

 
$
4,135,814

 
$
589,911

 
$
7,147,130

 
$
9,686,649

 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
175,253

 
$
375,899

 
$
135,447

 
$
686,599

 
$
798,369

Southeast (a)
354,047

 
650,805

 
148,793

 
1,153,645

 
1,243,188

Florida
309,525

 
683,376

 
183,168

 
1,176,069

 
1,330,847

Midwest
256,649

 
474,287

 
50,302

 
781,238

 
851,457

Texas
219,606

 
413,312

 
74,750

 
707,668

 
793,917

West
580,082

 
1,226,190

 
159,387

 
1,965,659

 
2,200,058

Other homebuilding (a)
26,097

 
248,240

 
25,440

 
299,777

 
2,351,082

 
1,921,259

 
4,072,109

 
777,287

 
6,770,655

 
9,568,918

Financial Services
—

 
—

 
—

 
—

 
609,282

 
$
1,921,259

 
$
4,072,109

 
$
777,287

 
$
6,770,655

 
$
10,178,200


 
(a)
Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.
XML 25 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments In Unconsolidated Entities
 12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Investments In unconsolidated entities Investments in unconsolidated entities

We participate in a number of joint ventures with independent third parties. These joint ventures generally purchase, develop, and sell land, including selling land to us for use in our homebuilding operations. A summary of our joint ventures is presented below ($000’s omitted):
 
 
December 31,
 
2018
 
2017
Investments in joint ventures with limited recourse debt
$
31,551

 
$
37,063

Investments in joint ventures with debt non-recourse to PulteGroup
3,471

 
3,567

Investments in other active joint ventures
19,568

 
22,327

Total investments in unconsolidated entities
$
54,590

 
$
62,957

 
 
 
 
Total joint venture debt
$
42,948

 
$
59,544

 
 
 
 
PulteGroup proportionate share of joint venture debt:
 
 
 
Joint venture debt with limited recourse guaranties
$
21,059

 
$
28,157

Joint venture debt non-recourse to PulteGroup
217

 
700

PulteGroup's total proportionate share of joint venture debt
$
21,276

 
$
28,857



In 2018, 2017, and 2016, we recognized earnings (losses) from unconsolidated joint ventures of $2.7 million, $(2.0) million, and $8.3 million, respectively. We received distributions from our unconsolidated joint ventures of $12.1 million, $9.4 million, and $10.9 million, in 2018, 2017, and 2016, respectively. We made capital contributions of $1.0 million , $23.0 million and 14.5 million in 2018, 2017, and 2016, respectively.

At December 31, 2018, aggregate outstanding debt of unconsolidated joint ventures was $42.9 million, of which $42.1 million was related to one joint venture in which we have a 50% interest. In connection with this loan, we and our joint venture partner provided customary limited recourse guaranties in which our maximum financial loss exposure is limited to our pro rata share of the debt outstanding. The limited guaranties include, but are not limited to: (i) completion of certain aspects of the project; (ii) an environmental indemnity provided to the lender; and (iii) an indemnification of the lender from certain "bad boy acts" of the joint venture.

The timing of cash flows related to a joint venture and any related financing agreements varies by agreement. If additional capital contributions are required and approved by the joint venture, we would need to contribute our pro rata portion of those capital needs in order to not dilute our ownership in the joint ventures. While future capital contributions may be required, we believe the total amount of such contributions will be limited. Our maximum financial exposure related to joint ventures is unlikely to exceed the combined investment and limited recourse guaranty totals.
XML 26 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Debt 5. Debt

Our notes payable are summarized as follows ($000’s omitted):
 
December 31,
 
2018
 
2017
4.250% unsecured senior notes due March 2021 (a)
$
700,000

 
$
700,000

5.500% unsecured senior notes due March 2026 (a)
700,000

 
700,000

5.000% unsecured senior notes due January 2027 (a)
600,000

 
600,000

7.875% unsecured senior notes due June 2032 (a)
300,000

 
300,000

6.375% unsecured senior notes due May 2033 (a)
400,000

 
400,000

6.000% unsecured senior notes due February 2035 (a)
300,000

 
300,000

Net premiums, discounts, and issuance costs (b)
(13,247
)
 
(13,057
)
Total senior notes
$
2,986,753

 
$
2,986,943

Other notes payable
41,313

 
20,024

Notes payable
$
3,028,066

 
$
3,006,967

Estimated fair value
$
2,899,143

 
$
3,263,774


(a)
Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.
(b)
The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes.

The indentures governing the senior notes impose certain restrictions on the incurrence of additional debt along with other limitations. At December 31, 2018, we were in compliance with all of the covenants and requirements under the senior notes. Refer to Note 12 for supplemental consolidating financial information of the Company.

In February 2016, we issued $1.0 billion of unsecured senior notes, consisting of $300.0 million of 4.25% senior notes due March 1, 2021, and $700.0 million of 5.50% senior notes due March 1, 2026. The net proceeds from this senior notes issuance were used to fund the retirement of $465.2 million of our senior notes that matured in May 2016, with the remaining net proceeds used for general corporate purposes. In July 2016, we issued an additional $1.0 billion of unsecured senior notes, consisting of an additional $400.0 million of the 4.25% senior notes due March 1, 2021, and $600.0 million of 5.00% senior notes due January 15, 2027. The net proceeds from the July senior notes issuance were used for general corporate purposes and to pay down approximately $500.0 million of outstanding debt, including the remainder of a then existing term loan facility. The senior notes issued in 2016 are unsecured obligations, and rank equally in right of payment with the existing and future senior unsecured indebtedness of the Company and each of the guarantors, respectively. The notes are redeemable at our option at any time up to the date of maturity.

We retired outstanding debt totaling $82.8 million, $134.7 million, and $986.9 million during 2018, 2017, and 2016, respectively. Certain debt retirements occurred prior to the stated maturity dates and resulted in losses totaling $0.7 million in 2016. Losses on debt repurchase transactions include the write-off of unamortized discounts, premiums, and transaction fees related to the repurchased debt and are reflected in other expense, net.

Other notes payable include non-recourse and limited recourse collateralized notes with third parties that totaled $41.3 million and $20.0 million at December 31, 2018 and 2017, respectively. These notes have maturities ranging up to three years, are secured by the applicable land positions to which they relate, and have no recourse to any other assets. The stated interest rates on these notes range up to 7.57%.

Revolving credit facility

In June 2018, we entered into the Second Amended and Restated Credit Agreement ("Revolving Credit Facility") which replaced the Company's previous credit agreement. The Revolving Credit Facility contains substantially similar terms to the previous credit agreement and extended the maturity date from June 2019 to June 2023. The Revolving Credit Facility has a maximum borrowing capacity of $1.0 billion and contains an uncommitted accordion feature that could increase the capacity to $1.5 billion, subject to certain conditions and availability of additional bank commitments. The Revolving Credit Facility also
provides for the issuance of letters of credit that reduce the available borrowing capacity under the Revolving Credit Facility, with a sublimit of $500.0 million at December 31, 2018. The interest rate on borrowings under the Revolving Credit Facility may be based on either the London Interbank Offered Rate ("LIBOR") or a base rate plus an applicable margin, as defined therein. In the event that LIBOR is no longer widely available, the agreement contemplates transitioning to an alternative widely available market rate agreeable between the parties. We had no borrowings outstanding and $239.4 million and $235.5 million of letters of credit issued under the Revolving Credit Facility at December 31, 2018 and 2017, respectively.

The Revolving Credit Facility contains financial covenants that require us to maintain a minimum Tangible Net Worth, a minimum Interest Coverage Ratio, and a maximum Debt-to-Capitalization Ratio (as each term is defined in the Revolving Credit Facility). As of December 31, 2018, we were in compliance with all covenants. Outstanding balances under the Revolving Credit Facility are guaranteed by certain of our wholly-owned subsidiaries. Our available and unused borrowings under the Revolving Credit Facility, net of outstanding letters of credit, amounted to $760.6 million and $764.5 million as of December 31, 2018 and 2017, respectively.

Pulte Mortgage

Pulte Mortgage maintains a master repurchase agreement with third party lenders. In August 2018, Pulte Mortgage entered into an amended and restated repurchase agreement (the “Repurchase Agreement”) that extended the maturity date to August 2019. The maximum aggregate commitment was $520.0 million during the seasonally high borrowing period from December 26, 2018 through January 14, 2019. Through maturity, the maximum aggregate commitment ranges from $240.0 million to $400.0 million. The purpose of the changes in capacity during the term of the agreement is to lower associated fees during seasonally lower volume periods of mortgage origination activity. Borrowings under the Repurchase Agreement are secured by residential mortgage loans available-for-sale. The Repurchase Agreement contains various affirmative and negative covenants applicable to Pulte Mortgage, including quantitative thresholds related to net worth, net income, and liquidity. Pulte Mortgage had $348.4 million and $437.8 million outstanding under the Repurchase Agreement at December 31, 2018, and 2017, respectively, and was in compliance with its covenants and requirements as of such dates.

The following is aggregate borrowing information for our mortgage operations ($000’s omitted):
 
 
December 31,
 
2018
 
2017
Available credit lines
$
520,000

 
$
475,000

Unused credit lines
$
171,588

 
$
37,196

Weighted-average interest rate
4.27
%
 
3.55
%
XML 27 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Shareholders' Equity
 12 Months Ended
Dec. 31, 2018
Stockholders' Equity Note [Abstract]  
Shareholders' equity Shareholders’ equity

Our declared quarterly cash dividends totaled $108.5 million, $110.0 million, and $122.2 million in 2018, 2017, and 2016, respectively. Under a share repurchase program authorized by our Board of Directors, we repurchased 10.9 million, 35.4 million, and 30.9 million shares in 2018, 2017, and 2016, respectively, for a total of $294.6 million, $910.3 million, and $600.0 million in 2018, 2017, and 2016, respectively. At December 31, 2018, we had remaining authorization to repurchase $299.9 million of common shares.

Under our stock-based compensation plans, we accept shares as payment under certain conditions related to stock option exercises and vesting of restricted shares and share units, generally related to the payment of tax obligations. During 2018, 2017, and 2016, employees surrendered shares valued at $7.9 million, $6.0 million, and $3.2 million, respectively, under these plans. Such share transactions are excluded from the above noted share repurchase authorization.
XML 28 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Compensation Plans
 12 Months Ended
Dec. 31, 2018
Share-based Compensation [Abstract]  
Stock compensation plans Stock compensation plans

We maintain a stock award plan for both employees and non-employee directors. The plan provides for the grant of a variety of equity awards, including options (generally non-qualified options), restricted shares, restricted share units ("RSUs"), and performance shares to key employees (as determined by the Compensation and Management Development Committee of the Board of Directors) for periods not to exceed ten years. Non-employee directors are awarded an annual distribution of common shares. Options granted to employees generally vest incrementally over four years and are generally exercisable for ten years from the vest date. Shares issued upon the exercise of a stock option are from newly issued shares. RSUs represent the right to receive an equal number of common shares and are converted into common shares upon distribution. Restricted shares and RSUs generally cliff vest after three years. Both restricted share and RSU holders receive cash dividends during the vesting period. Performance shares vest upon attainment of the stated performance targets and minimum service requirements and are converted into common shares upon distribution. As of December 31, 2018, there were 24.4 million shares that remained available for grant under the plan. Our stock compensation expense for the three years ended December 31, 2018, is presented below ($000's omitted):
 
2018
 
2017
 
2016
Stock options
$
—

 
$
—

 
$
—

Restricted shares (including RSUs and performance shares)
20,145

 
24,207

 
18,626

Long-term incentive plans
8,145

 
9,476

 
3,602

 
$
28,290

 
$
33,683

 
$
22,228



Stock options

A summary of stock option activity for the three years ended December 31, 2018, is presented below (000’s omitted, except per share data):
 
2018
 
2017
 
2016
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
Outstanding, beginning of year
1,168

 
$
11

 
3,623

 
$
12

 
6,040

 
$
19

Granted
—

 
—

 
—

 
—

 
—

 
—

Exercised
(605
)
 
11

 
(2,353
)
 
12

 
(498
)
 
12

Forfeited
—

 
—

 
(102
)
 
28

 
(1,919
)
 
34

Outstanding, end of year
563

 
$
12

 
1,168

 
$
11

 
3,623

 
$
12

Options exercisable at year end
563

 
$
12

 
1,168

 
$
11

 
3,623

 
$
12

Weighted-average per share fair value of
       options granted during the year
$
—

 
 
 
$
—

 
 
 
$
—

 
 


The following table summarizes information about our options outstanding at December 31, 2018: 
 
Options Outstanding
 
Options Exercisable
 
Number
Outstanding
(000's omitted)
 
Weighted-
Average
Remaining
Contract Life
(in years)
 
Weighted-
Average
Per Share
Exercise Price
 
Number
Exercisable
(000's omitted)
 
Weighted-
Average Per
Share
Exercise Price
$0.01 to $10.00
71

 
2.1
 
$
8

 
71

 
$
8

$10.01 to $20.00
492

 
0.8
 
12

 
492

 
12

 
563

 
1.2
 
$
12

 
563

 
$
12



We did not issue any stock options during 2018, 2017, or 2016. As a result, there is no unrecognized compensation cost related to stock option awards at December 31, 2018. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The aggregate intrinsic value of stock options that were exercised during 2018, 2017, and 2016 was $11.7 million, $31.1 million, and $4.5 million, respectively. As of December 31, 2018, options outstanding, all of which were exercisable, had an intrinsic value of $8.1 million.

Restricted shares (including RSUs and performance shares)

A summary of restricted share activity, including RSUs and performance shares, for the three years ended December 31, 2018, is presented below (000’s omitted, except per share data):
 
 
2018
 
2017
 
2016
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
Outstanding, beginning of
       year
3,271

 
$
19

 
2,974

 
$
19

 
2,576

 
$
18

Granted
833

 
31

 
1,251

 
21

 
1,853

 
17

Distributed
(786
)
 
22

 
(775
)
 
19

 
(546
)
 
20

Forfeited
(244
)
 
22

 
(179
)
 
19

 
(909
)
 
12

Outstanding, end of year
3,074

 
$
23

 
3,271

 
$
19

 
2,974

 
$
19

Vested, end of year
129

 
$
21

 
152

 
$
17

 
123

 
$
15



During 2018, 2017, and 2016, the total fair value of shares vested during the year was $17.1 million, $15.0 million, and $11.0 million, respectively. Unamortized compensation cost related to restricted share awards was $19.0 million at December 31, 2018. These costs will be expensed over a weighted-average period of approximately 2 years. Additionally, there were 129,115 RSUs outstanding at December 31, 2018, that had vested but had not yet been paid out because the payout date had been deferred by the holders.

Long-term incentive plans

We maintain long-term incentive plans for senior management and other employees that provide awards based on the achievement of stated performance targets over three-year periods. Awards are stated in dollars but are settled in common shares based on the stock price at the end of the performance period. If the share price falls below a floor of $5.00 per share at the end of the performance period or we do not have a sufficient number of shares available under our stock incentive plans at the time of settlement, then a portion of each award will be paid in cash. We adjust the liabilities and recognize the expense associated with the awards based on the probability of achieving the stated performance targets at each reporting period. Liabilities for these awards totaled $17.0 million and $14.0 million at December 31, 2018 and 2017, respectively.
XML 29 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Income taxes Income taxes

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, the following that impact us: (1) reducing the U.S. federal corporate income tax rate from 35 percent to 21 percent; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; (4) repealing the domestic production activities deduction; (5) limiting the deductibility of certain executive compensation; and (6) limiting certain other deductions.

The SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance on accounting for the tax effects of the Tax Act. SAB 118 provides for a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting relating to the Tax Act under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in its financial statements. If a company cannot
determine a provisional estimate to be included in its financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act.

As the result of our initial analysis of the impact of the Tax Act, we recorded a provisional amount of net tax expense of $172.1 million in 2017 related to the remeasurement of our deferred tax balances and other effects. We completed our accounting for the income tax effects of the Tax Act in 2018, and no material adjustments were required to the provisional amounts initially recorded.

Components of current and deferred income tax expense (benefit) are as follows ($000’s omitted):
 
 
2018
 
2017
 
2016
Current expense (benefit)
 
 
 
 
 
Federal
$
(44,462
)
 
$
81,101

 
$
9,464

State and other
7,202

 
(11,801
)
 
(13,104
)
 
$
(37,260
)
 
$
69,300

 
$
(3,640
)
Deferred expense (benefit)
 
 
 
 
 
Federal
$
271,544

 
$
444,695

 
$
312,288

State and other
91,233

 
(22,388
)
 
22,499

 
$
362,777

 
$
422,307

 
$
334,787

Income tax expense (benefit)
$
325,517

 
$
491,607

 
$
331,147



The following table reconciles the statutory federal income tax rate to the effective income tax rate:
 
 
2018
 
2017
 
2016
Income taxes at federal statutory rate
21.0
 %
 
35.0
 %
 
35.0
 %
State and local income taxes, net of federal tax
4.0

 
3.1

 
3.3

Tax accounting method change
(2.5
)
 
—

 
—

Changes in tax laws, including the Tax Act
1.0

 
18.3

 
0.5

Deferred tax asset valuation allowance
0.9

 
(1.1
)
 
(2.2
)
Tax contingencies
0.1

 
(1.0
)
 
(1.3
)
Other
(0.3
)
 
(1.9
)
 
0.2

Effective rate
24.2
 %
 
52.4
 %
 
35.5
 %


The 2018 effective tax rate differs from the federal statutory rate primarily due to state income tax expense on current year earnings, tax benefits due to Internal Revenue Service (IRS) acceptance of a tax accounting method change applicable to the 2017 tax year, valuation allowances relating to projected utilization of certain state net operating loss carryforwards, and state tax law changes. The acceptance of the tax accounting method change provided a deferral of profit and acceleration of certain costs associated with home sales, which resulted in a favorable adjustment in 2018 due to the tax rate reduction in the Tax Act. The 2017 effective tax rate differs from the federal statutory rate primarily due to the impacts of the Tax Act, state income tax expense on current year earnings, the favorable resolution of certain state income tax matters, the domestic production activities deduction, and state tax law changes. The 2016 effective tax rate differs from the federal statutory rate primarily due to state income taxes, the reversal of a portion of our valuation allowance related to a legal entity restructuring, the favorable resolution of certain state income tax matters, the impact on our net deferred tax assets due to changes in business operations and state tax laws, and recognition of energy efficient home credits.

As a result of the adoption of ASU No. 2016-09, excess tax benefits related to equity compensation are recorded as a component of income tax expense, pursuant to which we recorded a cumulative-effect adjustment to increase retained earnings and deferred tax assets as of January 1, 2017 by $18.6 million for previously unrecognized excess tax benefits.
Deferred tax assets and liabilities reflect temporary differences arising from the different treatment of items for tax and accounting purposes. Components of our net deferred tax asset are as follows ($000’s omitted):
 
 
At December 31,
 
2018
 
2017
Deferred tax assets:
 
 
 
Accrued insurance
$
117,682

 
$
117,133

Inventory valuation reserves
132,495

 
202,791

Other reserves
60,585

 
78,271

NOL carryforwards:
 
 
 
Federal
27,122

 
41,282

State
228,959

 
248,224

Alternative minimum tax credit carryforwards
2,546

 
54,965

Energy and other credit carryforwards
5,146

 
41,763

 
574,535

 
784,429

Deferred tax liabilities:
 
 
 
Capitalized items, including real estate basis differences,
      deducted for tax, net
(1,038
)
 
(17,895
)
Deferral of profit on home sales
(188,628
)
 
(34,769
)
Intangibles
(16,701
)
 
(17,860
)
 
(206,367
)
 
(70,524
)
Valuation allowance
(92,589
)
 
(68,610
)
Net deferred tax asset
$
275,579

 
$
645,295


 
Our federal NOL carryforward deferred tax asset of $27.1 million expires, if unused, between 2031 and 2032. We also have state NOLs in various jurisdictions which may generally be carried forward up to 20 years, depending on the jurisdiction. Our NOL carryforward deferred tax assets will expire if unused at various dates as follows: $32.6 million from 2019 to 2023 and $196.4 million from 2024 and thereafter.

We evaluate our deferred tax assets each period to determine if a valuation allowance is required based on whether it is "more likely than not" that some portion of the deferred tax assets would not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of sufficient taxable income during future periods.  We conduct our evaluation by considering all available positive and negative evidence. This evaluation considers, among other factors, historical operating results, forecasts of future profitability, the duration of statutory carryforward periods, and the outlooks for the U.S. housing industry and broader economy.
Our ability to use certain of Centex’s federal losses and credits is limited by Section 382 of the Internal Revenue Code. We do not believe that this limitation will prevent us from utilizing these Centex losses and credits. We do believe that full utilization of certain state NOL carryforwards will be limited due to Section 382.
The accounting for deferred taxes is based upon estimates of future results. Differences between estimated and actual results could result in changes in the valuation of our deferred tax assets that could have a material impact on our consolidated results of operations or financial position. Changes in existing tax laws could also affect actual tax results and the realization of deferred tax assets over time.
Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We had $30.6 million and $48.6 million of gross unrecognized tax benefits at December 31, 2018 and 2017, respectively. If recognized, $19.7 million and $23.4 million, respectively, of these amounts would impact our effective tax rate. Additionally, we had accrued interest and penalties of $5.8 million and $4.9 million at December 31, 2018 and 2017, respectively.

It is reasonably possible within the next twelve months that our gross unrecognized tax benefits may decrease by up to $16.6 million, excluding interest and penalties, primarily due to potential settlements. A reconciliation of the change in the unrecognized tax benefits is as follows ($000’s omitted):
 
 
2018
 
2017
 
2016
Unrecognized tax benefits, beginning of period
$
48,604

 
$
21,502

 
$
38,992

Increases related to tax positions taken during a prior period
5,389

 
20,555

 
224

Decreases related to tax positions taken during a prior period
(31,850
)
 
(9,665
)
 
(13,218
)
Increases related to tax positions taken during the current
       period
8,411

 
18,895

 
114

Decreases related to settlements with taxing authorities
—

 
—

 
(707
)
Reductions as a result of a lapse of the applicable statute of
       limitations
—

 
(2,683
)
 
(3,903
)
Unrecognized tax benefits, end of period
$
30,554

 
$
48,604

 
$
21,502



We continue to participate in the Compliance Assurance Process (“CAP”) with the IRS as an alternative to the traditional IRS examination process. As a result of our participation in CAP, federal tax years 2016 and prior are closed. Tax year 2017 is expected to close by the second quarter of 2019. We are also currently under examination by various state taxing jurisdictions and anticipate finalizing certain of the examinations within the next twelve months. The outcome of these examinations is not yet determinable. The statute of limitations for our major tax jurisdictions remains open for examination for tax years 2005 to 2018.
XML 30 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Disclosures
 12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair value disclosures Fair value disclosures

ASC 820, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value in generally accepted accounting principles and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The fair value hierarchy can be summarized as follows: 
Level 1
 
Fair value determined based on quoted prices in active markets for identical assets or liabilities.
 
 
Level 2
  
Fair value determined using significant observable inputs, generally either quoted prices in active markets for similar assets or liabilities or quoted prices in markets that are not active.
 
 
Level 3
  
Fair value determined using significant unobservable inputs, such as pricing models, discounted cash flows, or similar techniques

Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): 
Financial Instrument
 
Fair Value
Hierarchy
 
Fair Value
December 31,
2018
 
December 31,
2017
 
 
 
 
 
 
 
Measured at fair value on a recurring basis:
 
 
 
 
 
 
Residential mortgage loans available-for-sale
 
Level 2
 
$
461,354

 
$
570,600

Interest rate lock commitments
 
Level 2
 
9,035

 
5,583

Forward contracts
 
Level 2
 
(6,914
)
 
(385
)
Whole loan commitments
 
Level 2
 
(718
)
 
(147
)
 
 
 
 
 
 
 
Measured at fair value on a non-recurring basis:
 
 
 
 
 
 
House and land inventory
 
Level 3
 
$
18,253

 
$
11,045

Land held for sale
 
Level 2
 
17,813

 
8,600

 
 
 
 
 
 
 
Disclosed at fair value:
 
 
 
 
 
 
Cash and equivalents (including restricted cash)
 
Level 1
 
$
1,133,700

 
$
306,168

Financial Services debt
 
Level 2
 
348,412

 
437,804

Other notes payable
 
Level 2
 
41,313

 
20,024

Senior notes payable
 
Level 2
 
2,857,830

 
3,243,750



Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.

Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair value included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See Note 1 for a more detailed discussion of the valuation methods used for inventory.

The carrying amounts of cash and equivalents, Financial Services debt, Other notes payable and the Revolving Credit Facility approximate their fair values due to their short-term nature and floating interest rate terms. The fair values of the Senior notes payable are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues. The carrying value of the senior notes payable was $3.0 billion at both December 31, 2018 and 2017.
XML 31 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Assets and Accrued and Other Liabilities
 12 Months Ended
Dec. 31, 2018
Other Assets and Accrued and Other Liabilities [Abstract]  
Other assets and accrued and other liabilities Other assets and accrued and other liabilities

Other assets are presented below ($000’s omitted):
 
 
December 31,
 
2018
 
2017
Accounts and notes receivable:
 
 
 
Insurance receivables (Note 11)
$
152,987

 
$
213,407

Notes receivable
13,850

 
16,768

Other receivables
122,469

 
76,309

 
289,306

 
306,484

Prepaid expenses
131,523

 
116,912

Deposits and pre-acquisition costs (Note 1)
218,568

 
207,987

Property and equipment, net (Note 1)
92,935

 
70,706

Income taxes receivable
58,090

 
6,964

Other
39,937

 
36,070

 
$
830,359

 
$
745,123



We record receivables from various parties in the normal course of business, including amounts due from insurance companies (see Note 11) and municipalities. In certain instances, we may accept consideration for land sales or other transactions in the form of a note receivable.

Accrued and other liabilities are presented below ($000’s omitted):
 
 
December 31,
 
2018
 
2017
Self-insurance liabilities (Note 11)
$
737,013

 
$
758,812

Compensation-related liabilities
161,068

 
134,008

Warranty liabilities (Note 11)
79,154

 
72,709

Accrued interest
52,521

 
50,620

Loan origination liabilities (Note 11)
50,282

 
34,641

Other
280,445

 
305,543

 
$
1,360,483

 
$
1,356,333
XML 32 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments And Contingencies
 12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and contingencies Commitments and contingencies

Leases

We lease certain property and equipment under non-cancelable operating leases. The future minimum lease payments required under operating leases that have initial or remaining non-cancelable terms in excess of one year as of December 31, 2018, are as follows ($000’s omitted): 
Years Ending December 31,
 
2019
$
24,806

2020
19,407

2021
16,146

2022
14,469

2023
12,800

Thereafter
25,868

Total minimum lease payments
$
113,496


Net rental expense for 2018, 2017, and 2016 was $33.6 million, $30.8 million, and $33.0 million, respectively. Certain leases contain renewal or purchase options and generally provide that we pay for insurance, taxes, and maintenance.

Loan origination liabilities

Our mortgage operations may be responsible for losses associated with mortgage loans originated and sold to investors in the event of errors or omissions relating to representations and warranties made by us that the loans met certain requirements, including representations as to underwriting standards, the existence of primary mortgage insurance, and the validity of certain borrower representations in connection with the loan. If a loan is determined to be faulty, we either indemnify the investor for potential future losses, repurchase the loan from the investor, or reimburse the investor's actual losses.

CTX Mortgage Company, LLC ("CTX Mortgage") was the mortgage subsidiary of Centex and ceased originating loans in December 2009. In the matter Lehman Brothers Holdings, Inc. ("Lehman") in the U.S. Bankruptcy Court in the Southern District of New York, Lehman has initiated an adversary proceeding against CTX Mortgage seeking indemnity for loans sold to it by CTX Mortgage prior to 2009. This claim is part of a broader action by Lehman in U.S. Bankruptcy Court against more than 100 mortgage originators and brokers. On August 13, 2018, the court denied a motion to dismiss filed by CTX Mortgage and other defendants, and on December 17, 2018, Lehman filed an amended adversary complaint against CTX Mortgage. Lehman's complaint alleges claims for indemnifiable losses of up to $261 million due from CTX Mortgage. We believe that CTX Mortgage has meritorious defenses and CTX Mortgage will continue to vigorously defend itself in this matter. We have recorded a liability for an amount that we consider to be the best estimate within a range of potential losses.

In addition, both CTX Mortgage and Pulte Mortgage sold certain loans originated prior to 2009 to financial institutions for inclusion in residential mortgage-backed securities or other securitizations issued by such financial institutions. In connection with such sales, CTX Mortgage and Pulte Mortgage have been put on notice of potential direct and / or third-party claims for indemnification arising out of litigation relating to certain of these residential mortgage-backed securities or other securitizations. Neither CTX Mortgage nor Pulte Mortgage is named as a defendant in these actions. We cannot yet quantify CTX Mortgage's or Pulte Mortgage's potential liability as a result of these indemnification obligations. We do not believe, however, that these matters will have a material adverse impact on the results of operations, financial position, or cash flows of the Company.

Estimating the required liability for these potential losses requires a significant level of management judgment. During 2018, we increased our loan origination liabilities by $16.1 million based on settlements or probable settlements of a number of claims related to loans originated by CTX Mortgage prior to 2009. Reserves provided (released) are reflected in Financial Services expenses. Changes in these liabilities were as follows ($000's omitted):
 
 
2018
 
2017
 
2016
Liabilities, beginning of period
$
34,641

 
$
35,114

 
$
46,381

Reserves provided (released), net
16,130

 
(50
)
 
506

Payments
(489
)
 
(423
)
 
(11,773
)
Liabilities, end of period
$
50,282

 
$
34,641

 
$
35,114

Given the unsettled litigation, changes in values of underlying collateral over time, unpredictable factors inherent in litigation, and other uncertainties regarding the ultimate resolution of these claims, actual costs could differ from our current estimates.

Community development and other special district obligations

A community development district or similar development authority (“CDD”) is a unit of local government created under various state statutes that utilizes the proceeds from the sale of bonds to finance the construction or acquisition of infrastructure assets of a development. A portion of the liability associated with the bonds, including principal and interest, is assigned to each parcel of land within the development. This debt is typically paid by subsequent special assessments levied by the CDD on the landowners. Generally, we are only responsible for paying the special assessments for the period during which we are the landowner of the applicable parcels.

Letters of credit and surety bonds

In the normal course of business, we post letters of credit and surety bonds pursuant to certain performance-related obligations, as security for certain land option agreements, and under various insurance programs. The majority of these letters of credit and surety bonds are in support of our land development and construction obligations to various municipalities, other government agencies, and utility companies related to the construction of roads, sewers, and other infrastructure. We had outstanding letters of credit and surety bonds totaling $239.4 million and $1.3 billion, respectively, at December 31, 2018, and $235.5 million and $1.2 billion, respectively, at December 31, 2017. In the event any such letter of credit or surety bonds is drawn, we would be obligated to reimburse the issuer of the letter of credit or surety bond. We do not believe that a material amount, if any, of the letters of credit or surety bonds will be drawn. Our surety bonds generally do not have stated expiration dates; rather we are released from the surety bonds as the underlying contractual performance is completed. Because significant construction and development work has been performed related to the applicable projects but has not yet received final acceptance by the respective counterparties, the aggregate amount of surety bonds outstanding is in excess of the projected cost of the remaining work to be performed.

Litigation and regulatory matters

We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.

We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant. During 2016, we settled a contract dispute related to a land transaction that we terminated over ten years ago in response to a collapse in housing demand. As a result of the settlement, we recorded a charge of $15.0 million, which is reflected in other expense, net.

Allowance for warranties

Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home’s construction and operating systems for periods of up to (and in limited instances exceeding) 10 years. We estimate the costs to be incurred under these warranties and record liabilities in the amount of such costs at the time product revenue is recognized. Factors that affect our warranty liabilities include the number of homes sold, historical and anticipated rates of warranty claims, and the projected cost of claims. We periodically assess the adequacy of the warranty liabilities for each geographic market in which we operate and adjust the amounts as necessary. Actual warranty costs in the future could differ from the current estimates.

Changes to warranty liabilities were as follows ($000’s omitted):
 
 
2018
 
2017
 
2016
Warranty liabilities, beginning of period
$
72,709

 
$
66,134

 
$
61,179

Reserves provided
65,567

 
50,014

 
67,169

Payments
(64,525
)
 
(58,780
)
 
(55,892
)
Other adjustments (a)
5,403

 
15,341

 
(6,322
)
Warranty liabilities, end of period
$
79,154

 
$
72,709

 
$
66,134



(a)
Includes a charge of $12.4 million in 2017 related to estimated costs to complete repairs in a closed-out community in Florida.

Self-insured risks

We maintain, and require our subcontractors to maintain, general liability insurance coverage. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims. However, we retain a significant portion of the overall risk for such claims either through policies issued by our captive insurance subsidiaries or through our own self-insured per occurrence and aggregate retentions, deductibles, and claims in excess of available insurance policy limits.
 
Our general liability insurance includes coverage for certain construction defects. While construction defect claims can relate to a variety of circumstances, the majority of our claims relate to alleged problems with siding, windows, roofing, and foundations. The availability of general liability insurance for the homebuilding industry and its subcontractors has become increasingly limited, and the insurance policies available require companies to maintain significant per occurrence and aggregate retention levels. In certain instances, we may offer our subcontractors the opportunity to purchase insurance through one of our captive insurance subsidiaries or participate in a project-specific insurance program provided by us. Policies issued by the captive insurance subsidiaries represent self-insurance of these risks by us. This self-insured exposure is limited by reinsurance policies that we purchase. General liability coverage for the homebuilding industry is complex, and our coverage varies from policy year to policy year. Our insurance coverage requires a per occurrence deductible up to an overall aggregate retention level. Beginning with the first dollar, amounts paid to satisfy insured claims apply to our per occurrence and aggregate retention obligations. Any amounts incurred in excess of the occurrence or aggregate retention levels are covered by insurance up to our purchased coverage levels. Our insurance policies, including the captive insurance subsidiaries' reinsurance policies, are maintained with highly-rated underwriters for whom we believe counterparty default risk is not significant.

At any point in time, we are managing over 1,000 individual claims related to general liability, property, errors and omission, workers compensation, and other business insurance coverage. We reserve for costs associated with such claims (including expected claims management expenses) on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims. The actuarial analyses calculate estimates of the ultimate net cost of all unpaid losses, including estimates for incurred but not reported losses ("IBNR"). IBNR represents losses related to claims incurred but not yet reported plus development on reported claims.

Our recorded reserves for all such claims totaled $737.0 million and $758.8 million at December 31, 2018 and 2017, respectively, the vast majority of which relate to general liability claims. The recorded reserves include loss estimates related to both (i) existing claims and related claim expenses and (ii) IBNR and related claim expenses. Liabilities related to IBNR and related claim expenses represented approximately 65% of the total general liability reserves at December 31, 2018 and 2017. The actuarial analyses that determine the IBNR portion of reserves consider a variety of factors, including the frequency and
severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of the reserves also consider historical third party recovery rates and claims management expenses.

Housing market conditions have been volatile across most of our markets over the past fifteen years, and we believe such conditions can affect the frequency and cost of construction defect claims. Additionally, IBNR estimates comprise the majority of our liability and are subject to a high degree of uncertainty due to a variety of factors, including changes in claims reporting and resolution patterns, third party recoveries, insurance industry practices, the regulatory environment, and legal precedent. State regulations vary, but construction defect claims are reported and resolved over an extended period often exceeding ten years. Changes in the frequency and timing of reported claims and estimates of specific claim values can impact the underlying inputs and trends utilized in the actuarial analyses, which could have a material impact on the recorded reserves. Additionally, the amount of insurance coverage available for each policy period also impacts our recorded reserves. Because of the inherent uncertainty in estimating future losses and the timing of such losses related to these claims, actual costs could differ significantly from estimated costs.

Adjustments to reserves are recorded in the period in which the change in estimate occurs. During 2018, 2017, and 2016, we reduced reserves, primarily general liability reserves, by $35.9 million, $97.8 million, and $57.1 million respectively, as a result of changes in estimates resulting from actual claim experience observed being less than anticipated in previous actuarial projections. The changes in actuarial estimates were driven by changes in actual claims experience that, in turn, impacted actuarial estimates for potential future claims. These changes in actuarial estimates did not involve any changes in actuarial methodology but did impact the development of estimates for future periods, which resulted in adjustments to the IBNR portion of our recorded liabilities. Costs associated with our insurance programs are classified within selling, general, and administrative expenses.
 

Changes in these liabilities were as follows ($000's omitted):
 
2018
 
2017
 
2016
Balance, beginning of period
$
758,812

 
$
831,058

 
$
924,563

Reserves provided
93,156

 
98,176

 
97,916

Adjustments to previously recorded reserves (a)
(35,873
)
 
(97,789
)
 
(57,132
)
Payments, net (a)
(79,082
)
 
(72,633
)
 
(134,289
)
Balance, end of period
$
737,013

 
$
758,812

 
$
831,058



(a)
Includes net changes in amounts expected to be recovered from our insurance carriers, which are recorded to other assets (see below).

In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. As reflected in Note 10, our receivables from insurance carriers totaled $153.0 million and $213.4 million at December 31, 2018 and 2017, respectively. The insurance receivables relate to costs incurred or to be incurred to perform corrective repairs, settle claims with customers, and other costs related to the continued progression of both known and anticipated future construction defect claims that we believe to be insured related to previously closed homes. Given the complexity inherent with resolving construction defect claims in the homebuilding industry as described above, there generally exists a significant lag between our payment of claims and our reimbursements from applicable insurance carriers. In addition, disputes between homebuilders and carriers over coverage positions relating to construction defect claims are common. Resolution of claims with carriers involves the exchange of significant amounts of information and frequently involves legal action.

The majority of the decrease in our insurance receivables during 2018 resulted from cash received from our insurance carriers. However, in 2017, we recorded write-offs of $29.6 million associated with the resolution of various matters and are currently the plaintiff in an arbitration proceeding with one of our insurance carriers in regard to $25.0 million of recorded insurance receivables relating to the applicability of coverage to such costs under its policy. We believe collection of our recorded insurance receivables is probable based on the legal merits of our positions after review by legal counsel, the high credit ratings of our carriers, and our long history of collecting significant amounts of insurance reimbursements under similar insurance policies related to similar claims. While the outcomes of these matters cannot be predicted with certainty, we do not
believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows.
XML 33 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information
 12 Months Ended
Dec. 31, 2018
Supplemental Guarantor Information [Abstract]  
Supplemental Guarantor information pplemental Guarantor information

All of our senior notes are guaranteed jointly and severally on a senior basis by certain of our wholly-owned Homebuilding subsidiaries and certain other wholly-owned subsidiaries (collectively, the “Guarantors”). Such guaranties are full and unconditional. Our subsidiaries comprising the Financial Services segment along with certain other subsidiaries (collectively, the "Non-Guarantor Subsidiaries") do not guarantee the senior notes. In accordance with Rule 3-10 of Regulation S-X, supplemental consolidating financial information of the Company, including such information for the Guarantors, is presented below. Investments in subsidiaries are presented using the equity method of accounting.


CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2018
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
—

 
$
906,961

 
$
203,127

 
$
—

 
$
1,110,088

Restricted cash
—

 
22,406

 
1,206

 
—

 
23,612

Total cash, cash equivalents, and
       restricted cash
—

 
929,367

 
204,333

 
—

 
1,133,700

House and land inventory
—

 
7,157,665

 
95,688

 
—

 
7,253,353

Land held for sale
—

 
36,849

 
—

 
—

 
36,849

Residential mortgage loans available-
       for-sale
—

 
—

 
461,354

 
—

 
461,354

Investments in unconsolidated entities
—

 
54,045

 
545

 
—

 
54,590

Other assets
66,154

 
579,452

 
184,753

 
—

 
830,359

Intangible assets
—

 
127,192

 
—

 
—

 
127,192

Deferred tax assets, net
282,874

 
—

 
(7,295
)
 
—

 
275,579

Investments in subsidiaries and
       intercompany accounts, net
7,557,245

 
500,138

 
8,231,342

 
(16,288,725
)
 
—

 
$
7,906,273

 
$
9,384,708

 
$
9,170,720

 
$
(16,288,725
)
 
$
10,172,976

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
90,158

 
$
1,598,265

 
$
278,713

 
$
—

 
$
1,967,136

Income tax liabilities
11,580

 
—

 
—

 
—

 
11,580

Financial Services debt
—

 
—

 
348,412

 
—

 
348,412

Notes payable

2,986,753

 
40,776

 
537

 
—

 
3,028,066

Total liabilities
3,088,491

 
1,639,041

 
627,662

 
—

 
5,355,194

Total shareholders’ equity
4,817,782

 
7,745,667

 
8,543,058

 
(16,288,725
)
 
4,817,782

 
$
7,906,273

 
$
9,384,708

 
$
9,170,720

 
$
(16,288,725
)
 
$
10,172,976

CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2017
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 

 

 
 
 
 
Cash and equivalents
$
—

 
$
125,462

 
$
147,221

 
$
—

 
$
272,683

Restricted cash
—

 
32,339

 
1,146

 
—

 
33,485

Total cash, cash equivalents, and
       restricted cash
—

 
157,801

 
148,367

 
—

 
306,168

House and land inventory
—

 
7,053,087

 
94,043

 
—

 
7,147,130

Land held for sale
—

 
68,384

 
—

 
—

 
68,384

Residential mortgage loans available-
       for-sale
—

 
—

 
570,600

 
—

 
570,600

Investments in unconsolidated entities
—

 
62,415

 
542

 
—

 
62,957

Other assets
9,417

 
592,045

 
143,661

 
—

 
745,123

Intangible assets
—

 
140,992

 
—

 
—

 
140,992

Deferred tax assets, net
646,227

 
—

 
(932
)
 
—

 
645,295

Investments in subsidiaries and
       intercompany accounts, net
6,661,638

 
284,983

 
7,300,127

 
(14,246,748
)
 
—

 
$
7,317,282

 
$
8,359,707

 
$
8,256,408

 
$
(14,246,748
)
 
$
9,686,649

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
89,388

 
$
1,636,913

 
$
274,626

 
$
—

 
$
2,000,927

Income tax liabilities
86,925

 
—

 
—

 
—

 
86,925

Financial Services debt
—

 
—

 
437,804

 
—

 
437,804

Notes payable
2,986,943

 
16,911

 
3,113

 
—

 
3,006,967

Total liabilities
3,163,256

 
1,653,824

 
715,543

 
—

 
5,532,623

Total shareholders’ equity
4,154,026

 
6,705,883

 
7,540,865

 
(14,246,748
)
 
4,154,026

 
$
7,317,282

 
$
8,359,707

 
$
8,256,408

 
$
(14,246,748
)
 
$
9,686,649


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
9,694,703

 
$
123,742

 
$
—

 
$
9,818,445

Land sale and other revenues
—

 
162,012

 
2,492

 
—

 
164,504

 
—

 
9,856,715

 
126,234

 
—

 
9,982,949

Financial Services
—

 
—

 
205,382

 
—

 
205,382

 
—

 
9,856,715

 
331,616

 
—

 
10,188,331

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(7,449,343
)
 
(91,594
)
 
—

 
(7,540,937
)
Land sale cost of revenues
—

 
(125,016
)
 
(1,544
)
 
—

 
(126,560
)
 
—

 
(7,574,359
)
 
(93,138
)
 
—

 
(7,667,497
)
Financial Services expenses
—

 
(563
)
 
(146,859
)
 
—

 
(147,422
)
Selling, general, and administrative
       expenses
—

 
(974,858
)
 
(37,165
)
 
—

 
(1,012,023
)
Other expense, net
(580
)
 
(53,765
)
 
40,496

 
—

 
(13,849
)
Intercompany interest
(7,835
)
 
—

 
7,835

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(8,415
)
 
1,253,170

 
102,785

 
—

 
1,347,540

Income tax (expense) benefit
2,104

 
(304,218
)
 
(23,403
)
 
—

 
(325,517
)
Income (loss) before equity in income
       (loss) of subsidiaries
(6,311
)
 
948,952

 
79,382

 
—

 
1,022,023

Equity in income (loss) of subsidiaries
1,028,334

 
73,097

 
782,948

 
(1,884,379
)
 
—

Net income (loss)
1,022,023

 
1,022,049

 
862,330

 
(1,884,379
)
 
1,022,023

Other comprehensive income (loss)
100

 
—

 
—

 
—

 
100

Comprehensive income (loss)
$
1,022,123

 
$
1,022,049

 
$
862,330

 
$
(1,884,379
)
 
$
1,022,123


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
8,229,392

 
$
94,592

 
$
—

 
$
8,323,984

Land sale and other revenues
—

 
57,711

 
3,831

 
—

 
61,542

 
—

 
8,287,103

 
98,423

 
—

 
8,385,526

Financial Services
—

 
—

 
192,160

 
—

 
192,160

 
—

 
8,287,103

 
290,583

 
—

 
8,577,686

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(6,385,167
)
 
(75,985
)
 
—

 
(6,461,152
)
Land sale cost of revenues
—

 
(131,363
)
 
(3,086
)
 
—

 
(134,449
)
 
—

 
(6,516,530
)
 
(79,071
)
 
—

 
(6,595,601
)
Financial Services expenses
—

 
(527
)
 
(118,762
)
 
—

 
(119,289
)
Selling, general, and administrative
       expenses
—

 
(785,266
)
 
(106,315
)
 
—

 
(891,581
)
Other expense, net
(482
)
 
(63,050
)
 
31,145

 
—

 
(32,387
)
Intercompany interest
(2,485
)
 
—

 
2,485

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(2,967
)
 
921,730

 
20,065

 
—

 
938,828

Income tax (expense) benefit
1,127

 
(483,435
)
 
(9,299
)
 
—

 
(491,607
)
Income (loss) before equity in income
       (loss) of subsidiaries
(1,840
)
 
438,295

 
10,766

 
—

 
447,221

Equity in income (loss) of subsidiaries
449,061

 
58,559

 
226,864

 
(734,484
)
 
—

Net income (loss)
447,221

 
496,854

 
237,630

 
(734,484
)
 
447,221

Other comprehensive income (loss)
81

 
—

 
—

 
—

 
81

Comprehensive income (loss)
$
447,302

 
$
496,854

 
$
237,630

 
$
(734,484
)
 
$
447,302

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2016
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
7,427,757

 
$
23,558

 
$
—

 
$
7,451,315

Land sale and other revenues
—

 
41,642

 
2,447

 
—

 
44,089

 
—

 
7,469,399

 
26,005

 
—

 
7,495,404

Financial Services
—

 
—

 
181,126

 
—

 
181,126

 
—

 
7,469,399

 
207,131

 
—

 
7,676,530

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(5,566,653
)
 
(21,321
)
 
—

 
(5,587,974
)
Land sale cost of revenues
—

 
(30,156
)
 
(1,959
)
 
—

 
(32,115
)
 
—

 
(5,596,809
)
 
(23,280
)
 
—

 
(5,620,089
)
Financial Services expenses
—

 
(533
)
 
(108,040
)
 
—

 
(108,573
)
Selling, general, and administrative
       expenses
—

 
(907,748
)
 
(49,402
)
 
—

 
(957,150
)
Other expense, net
(1,321
)
 
(77,389
)
 
21,842

 
—

 
(56,868
)
Intercompany interest
(1,980
)
 
—

 
1,980

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(3,301
)
 
886,920

 
50,231

 
—

 
933,850

Income tax (expense) benefit
1,254

 
(312,486
)
 
(19,915
)
 
—

 
(331,147
)
Income (loss) before equity in income
       (loss) of subsidiaries
(2,047
)
 
574,434

 
30,316

 
—

 
602,703

Equity in income (loss) of subsidiaries
604,750

 
58,078

 
457,716

 
(1,120,544
)
 
—

Net income (loss)
602,703

 
632,512

 
488,032

 
(1,120,544
)
 
602,703

Other comprehensive income (loss)
83

 
—

 
—

 
—

 
83

Comprehensive income (loss)
$
602,786

 
$
632,512

 
$
488,032

 
$
(1,120,544
)
 
$
602,786


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
494,518

 
$
791,350

 
$
163,876

 
$
—

 
$
1,449,744

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(51,147
)
 
(7,892
)
 
—

 
(59,039
)
Investment in unconsolidated subsidiaries
—

 
(1,000
)
 
—

 
—

 
(1,000
)
Other investing activities, net
—

 
11,300

 
6,797

 
—

 
18,097

Net cash provided by (used in) investing
   activities
—

 
(40,847
)
 
(1,095
)
 
—

 
(41,942
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from debt, net of issuance costs
(8,164
)
 
—

 
—

 
—

 
(8,164
)
Repayments of debt
—

 
(81,758
)
 
(1,017
)
 
—

 
(82,775
)
Borrowings under revolving credit facility
1,566,000

 
—

 
—

 
—

 
1,566,000

Repayments under revolving credit facility
(1,566,000
)
 
—

 
—

 
—

 
(1,566,000
)
Financial Services borrowings
     (repayments), net
—

 
—

 
(89,393
)
 
—

 
(89,393
)
Stock option exercises
6,555

 
—

 
—

 
—

 
6,555

Share repurchases
(302,473
)
 
—

 
—

 
—

 
(302,473
)
Dividends paid
(104,020
)
 
—

 
—

 
—

 
(104,020
)
Intercompany activities, net
(86,416
)
 
102,821

 
(16,405
)
 
—

 
—

Net cash provided by (used in)
   financing activities
(494,518
)
 
21,063

 
(106,815
)
 
—

 
(580,270
)
Net increase (decrease)
—

 
771,566

 
55,966

 
—

 
827,532

Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
157,801

 
148,367

 
—

 
306,168

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
929,367

 
$
204,333

 
$
—

 
$
1,133,700


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
309,757

 
$
328,163

 
$
25,157

 
$
—

 
$
663,077

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(25,432
)
 
(6,619
)
 
—

 
(32,051
)
Investment in unconsolidated subsidiaries
—

 
(23,037
)
 
—

 
—

 
(23,037
)
Other investing activities, net
—

 
5,778

 
(932
)
 
—

 
4,846

Net cash provided by (used in) investing
   activities
—

 
(42,691
)
 
(7,551
)
 
—

 
(50,242
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from debt, net of issuance costs
—

 
—

 
—

 
—

 
—

Repayments of debt
(123,000
)
 
(10,301
)
 
(1,446
)
 
—

 
(134,747
)
Borrowings under revolving credit facility
2,720,000

 
—

 
—

 
—

 
2,720,000

Repayments under revolving credit facility
(2,720,000
)
 
—

 
—

 
—

 
(2,720,000
)
Financial Services borrowings
     (repayments), net
—

 
—

 
106,183

 
—

 
106,183

Stock option exercises
27,720

 
—

 
—

 
—

 
27,720

Share repurchases
(916,323
)
 
—

 
—

 
—

 
(916,323
)
Dividends paid
(112,748
)
 
—

 
—

 
—

 
(112,748
)
Intercompany activities, net
814,594

 
(728,555
)
 
(86,039
)
 
—

 
—

Net cash provided by (used in)
   financing activities
(309,757
)
 
(738,856
)
 
18,698

 
—

 
(1,029,915
)
Net increase (decrease)
—

 
(453,384
)
 
36,304

 
—

 
(417,080
)
Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
611,185

 
112,063

 
—

 
723,248

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
157,801

 
$
148,367

 
$
—

 
$
306,168

CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2016
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
256,722

 
$
(102,054
)
 
$
(86,398
)
 
$
—

 
$
68,270

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(36,297
)
 
(2,998
)
 
—

 
(39,295
)
Investment in unconsolidated subsidiaries
—

 
(14,539
)
 
—

 
—

 
(14,539
)
Cash used for business acquisitions
—

 
(430,458
)
 
—

 
—

 
(430,458
)
Other investing activities, net
—

 
11,189

 
1,911

 
—

 
13,100

Net cash provided by (used in)
   investing activities
—

 
(470,105
)
 
(1,087
)
 
—

 
(471,192
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings (repayments)
—

 
—

 
63,744

 
—

 
63,744

Proceeds from debt, net of issuance costs
1,991,937

 
4,000

 
—

 
—

 
1,995,937

Repayments of debt
(965,245
)
 
(21,235
)
 
(439
)
 
—

 
(986,919
)
Borrowings under revolving credit facility
619,000

 
—

 
—

 
—

 
619,000

Repayments under revolving credit facility
(619,000
)
 
—

 
—

 
—

 
(619,000
)
Stock option exercises
5,845

 
—

 
—

 
—

 
5,845

Share repurchases
(603,206
)
 
—

 
—

 
—

 
(603,206
)
Dividends paid
(124,666
)
 
—

 
—

 
—

 
(124,666
)
Intercompany activities, net
(561,387
)
 
541,703

 
19,684

 
—

 
—

Net cash provided by (used in)
   financing activities
(256,722
)
 
524,468

 
82,989

 
—

 
350,735

Net increase (decrease)
—

 
(47,691
)
 
(4,496
)
 
—

 
(52,187
)
Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
658,876

 
116,559

 
—

 
775,435

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
611,185

 
$
112,063

 
$
—

 
$
723,248
XML 34 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly results (unaudited) Quarterly results (unaudited)
UNAUDITED QUARTERLY INFORMATION
(000’s omitted, except per share data)
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Total (a)
2018
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
1,924,155

 
$
2,516,958

 
$
2,597,746

 
$
2,944,091

 
$
9,982,949

Cost of revenues (b)
(1,471,488
)
 
(1,900,316
)
 
(1,976,220
)
 
(2,319,473
)
 
(7,667,497
)
Income before income taxes (c)
210,358

 
388,453

 
365,055

 
324,938

 
1,288,804

Financial Services:
 
 
 
 
 
 
 
 
 
Revenues
$
45,938

 
$
52,764

 
$
51,620

 
$
55,059

 
$
205,382

Income before income taxes (d)
13,833

 
20,717

 
19,633

 
4,553

 
58,736

Consolidated results:
 
 
 
 
 
 
 
 
 
Revenues
$
1,970,093

 
$
2,569,722

 
$
2,649,366

 
$
2,999,150

 
$
10,188,331

Income before income taxes
224,191

 
409,170

 
384,688

 
329,491

 
1,347,540

Income tax expense
(53,440
)
 
(85,081
)
 
(95,153
)
 
(91,842
)
 
(325,517
)
Net income
$
170,751

 
$
324,089

 
$
289,535

 
$
237,649

 
$
1,022,023

Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.59

 
$
1.12

 
$
1.01

 
$
0.84

 
$
3.56

Diluted
$
0.59

 
$
1.12

 
$
1.01

 
$
0.84

 
$
3.55

Number of shares used in calculation:
 
 
 
 
 
 
 
 
 
Basic
286,683

 
285,276

 
283,489

 
278,964

 
283,578

Effect of dilutive securities
1,343

 
1,378

 
1,183

 
1,248

 
1,287

Diluted
288,026

 
286,654

 
284,672

 
280,212

 
284,865


(a)
Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
(b)
Cost of revenues includes land inventory impairments of $66.9 million and net realizable value adjustments on land held for sale of $9.0 million in the 4th Quarter. See Note 2 for a more complete discussion of land-related charges for the full year.
(c)
Homebuilding income before income taxes includes an insurance reserve reversal of $37.9 million in the 2nd Quarter (see Note 11) and write-offs of pre-acquisition costs of $9.6 million in the 4th Quarter (See Note 2).
(d)
Financial Services income before income taxes includes a charge related to loan origination liabilities of $16.2 million in the 4th Quarter (see Note 11).

UNAUDITED QUARTERLY INFORMATION
(000’s omitted, except per share data)
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Total (a)
2017
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
1,588,111

 
$
1,974,584

 
$
2,084,106

 
$
2,738,724

 
$
8,385,526

Cost of revenues (b)
(1,220,906
)
 
(1,637,536
)
 
(1,589,728
)
 
(2,147,431
)
 
(6,595,601
)
Income before income taxes (c)
125,762

 
103,599

 
250,463

 
385,508

 
865,332

Financial Services:
 
 
 
 
 
 
 
 
 
Revenues
$
41,767

 
$
47,275

 
$
46,952

 
$
56,166

 
$
192,160

Income before income taxes
13,503

 
18,948

 
17,786

 
23,259

 
73,496

Consolidated results:
 
 
 
 
 
 
 
 
 
Revenues
$
1,629,878

 
$
2,021,859

 
$
2,131,058

 
$
2,794,890

 
$
8,577,686

Income before income taxes
139,265

 
122,547

 
268,249

 
408,767

 
938,828

Income tax expense
(47,747
)
 
(21,798
)
 
(90,710
)
 
(331,352
)
 
(491,607
)
Net income
$
91,518

 
$
100,749

 
$
177,539

 
$
77,415

 
$
447,221

Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.29

 
$
0.32

 
$
0.59

 
$
0.26

 
$
1.45

Diluted
$
0.28

 
$
0.32

 
$
0.58

 
$
0.26

 
$
1.44

Number of shares used in calculation:
 
 
 
 
 
 
 
 
 
Basic
317,756

 
312,315

 
298,538

 
292,174

 
305,089

Effect of dilutive securities
2,329

 
1,565

 
1,690

 
1,318

 
1,725

Diluted
320,085

 
313,880

 
300,228

 
293,492

 
306,814


(a)
Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
(b)
Cost of revenues includes land inventory impairments of $31.5 million and $57.5 million in the 2nd and 4th Quarters, respectively (see Note 2); net realizable value adjustments on land held for sale of $81.0 million in the 2nd Quarter (see Note 2); and a warranty charge of $12.4 million related to a closed-out community in the 2nd Quarter (see Note 11).
(c)
Homebuilding income before income taxes includes an $8.0 million impairment of an investment in an unconsolidated entity in the 2nd Quarter (see Note 2); write-offs of insurance receivables of $15.0 million, $5.3 million, and $9.3 million for the 1st, 3rd, and 4th Quarters, respectively (see Note 11); and insurance reserve reversals of $19.8 million and $75.3 million in the 2nd and 4th Quarters, respectively (see Note 11).
XML 35 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Policy)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Accounting Policies [Abstract]    
Consolidation Policy The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and include the accounts of PulteGroup, Inc. and all of its direct and indirect subsidiaries and variable interest entities in which PulteGroup, Inc. is deemed to be the primary beneficiary. All significant intercompany accounts, transactions, and balances have been eliminated in consolidation.  
Business Combinations Policy [Policy Text Block] Business acquisitions

We acquired substantially all of the assets of JW Homes ("Wieland") in January 2016, for $430.5 million in cash and the assumption of certain payables related to such assets. The acquired net assets were located in Atlanta, Charleston, Charlotte, Nashville, and Raleigh, and included approximately 7,000 lots, including 375 homes in inventory, and control of approximately 1,300 lots through land option contracts. We also assumed a sales order backlog of 317 homes. The acquired net assets were recorded at their estimated fair values and resulted in goodwill of $40.4 million and separately identifiable intangible assets of $18.0 million comprised of the John Wieland Homes and Neighborhoods tradename, which is being amortized over a 20-year life. The acquisition of these assets was not material to our results of operations or financial condition.

  
Use of Estimates Policy The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.  
Reclassification, Policy [Policy Text Block]
Effective with our first quarter 2018 reporting, we reclassified customer deposit income from other expense, net to land sale and other revenues. All prior period amounts have been reclassified to conform to the current presentation. 		 
Subsequent Events Policy We evaluated subsequent events up until the time the financial statements were filed with the Securities and Exchange Commission ("SEC").  
Cash and Equivalents Policy Cash and equivalents include institutional money market investments and time deposits with a maturity of three months or less when acquired. Cash and equivalents at December 31, 2018 and 2017 also included $40.9 million and $80.3 million, respectively, of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit.  
Restricted Cash Policy We maintain certain cash balances that are restricted as to their use, including customer deposits on home sales that are temporarily restricted by regulatory requirements until title transfers to the homebuyer. Total cash, cash equivalents, and restricted cash includes restricted cash balances of $23.6 million and $33.5 million at December 31, 2018 and 2017, respectively.
 
Investments in Unconsolidated Entities Policy We have investments in a number of unconsolidated entities, including joint ventures, with independent third parties. The equity method of accounting is used for unconsolidated entities over which we have significant influence; generally this represents ownership interests of at least 20% and not more than 50%. Under the equity method of accounting, we recognize our proportionate share of the earnings and losses of these entities. Certain of these entities sell land to us. We defer the recognition of profits from such activities until the time we ultimately sell the related land.

We evaluate our investments in unconsolidated entities for recoverability in accordance with Accounting Standards Codification (“ASC”) 323, “Investments – Equity Method and Joint Ventures” (“ASC 323”). If we determine that a loss in the value of the investment is other than temporary, we write down the investment to its estimated fair value. Any such losses are recorded to equity in (earnings) loss of unconsolidated entities, which is reflected in other expense, net. Due to uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. See Note 4. 		 
Intangible Assets Policy Goodwill, which represents the cost of acquired businesses in excess of the fair value of the net assets of such businesses at the acquisition date, was recorded as the result of the Wieland acquisition and totaled $40.4 million at December 31, 2018 and 2017. We assess goodwill for impairment annually in the fourth quarter and if events or changes in circumstances indicate the carrying amount may not be recoverable.

Intangible assets also include tradenames acquired in connection with the 2016 acquisition of Wieland, the 2009 acquisition of Centex, and the 2001 acquisition of Del Webb, all of which are being amortized over 20-year lives. The acquired cost and accumulated amortization of our tradenames were $277.0 million and $190.2 million, respectively, at December 31, 2018, and $277.0 million and $176.4 million, respectively, at December 31, 2017. Amortization expense totaled $13.8 million in 2018, 2017, and 2016, respectively, and is expected to be $13.8 million in 2019, $13.8 million in 2020, $10.4 million in 2021, and $5.7 million in 2022. The ultimate realization of these assets is dependent upon the future cash flows and benefits that we expect to generate from their use. We assess tradenames for impairment if events or changes in circumstances indicate the carrying amount may not be recoverable. 		 
Property and Equipment, Net and Depreciation Policy Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed by the straight-line method based upon estimated useful lives as follows: office furniture and equipment - 3 to 10 years; leasehold improvements - life of the lease; software and hardware - 3 to 5 years; model park improvements and furnishings - 1 to 5 years. Property and equipment are included in other assets and totaled $92.9 million net of accumulated depreciation of $209.3 million at December 31, 2018 and $70.7 million net of accumulated depreciation of $206.5 million at December 31, 2017. Depreciation expense totaled $35.6 million, $37.2 million, and $40.2 million in 2018, 2017, and 2016, respectively.
  
Advertising Costs Policy Advertising costs are expensed to selling, general, and administrative expense as incurred and totaled $51.0 million, $45.0 million, and $50.7 million, in 2018, 2017, and 2016, respectively.  
Employee Benefits Policy We maintain a defined contribution retirement plan that covers substantially all of our employees. Company contributions to the plan totaled $17.9 million, $15.7 million, and $14.6 million in 2018, 2017, and 2016, respectively.
  
Earnings Per Share Policy Basic earnings per share is computed by dividing income available to common shareholders (the “Numerator”) by the weighted-average number of common shares, adjusted for unvested shares, (the “Denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the Denominator is increased to include the dilutive effects of stock options, unvested restricted shares, unvested restricted share units, and other potentially dilutive instruments. Any stock options that have an exercise price greater than the average market price of our common shares are considered anti-dilutive and excluded from the diluted earnings per share calculation. Our earnings per share excluded 1.8 million potentially dilutive instruments in 2016. Anti-dilutive shares were immaterial in 2018 and 2017.

In accordance with ASC 260 "Earnings Per Share" ("ASC 260"), the two-class method determines earnings per share for each class of common share and participating securities according to an earnings allocation formula that adjusts the Numerator for dividends or dividend equivalents and participation rights in undistributed earnings. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing earnings per share pursuant to the two-class method. Our outstanding restricted share awards, restricted share units, and deferred shares are considered participating securities 		 
Share-based Compensation Policy We measure compensation cost for restricted shares and restricted share units at fair value on the grant date. Fair value is determined based on the quoted price of our common shares on the grant date. We recognize compensation expense for restricted shares and restricted share units, the majority of which cliff vest at the end of three years, ratably over the vesting period. For share-based awards containing performance conditions, we recognize compensation expense ratably over the vesting period when it is probable that the stated performance targets will be achieved and record cumulative adjustments in the period in which estimates change. Compensation expense related to our share-based awards is included in selling, general, and administrative expense, except for a small portion recognized in Financial Services expenses. See Note 7.  
Income Taxes Policy The provision for income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. In assessing the realizability of deferred tax assets, we consider whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is primarily dependent upon the generation of future taxable income. In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment is required. Differences between the anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated results of operations or financial position.
    
Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial statement purposes. We follow the provisions of ASC 740 which prescribes a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Significant judgment is required to evaluate uncertain tax positions. Our evaluations of tax positions consider a variety of factors, including relevant facts and circumstances, applicable tax law, correspondence with taxing authorities, and effective settlements of audit issues. Changes in the recognition or measurement of uncertain tax positions could result in material increases or decreases in income tax expense (benefit) in the period in which the change is made. Interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense (benefit). See Note 8.

  
Homebuilding Revenue Recognition Policy Revenue recognition

Home sale revenues - Home sale revenues and related profit are generally recognized when title to and possession of the home are transferred to the buyer at the home closing date. Our performance obligation to deliver the agreed-upon home is generally satisfied in less than one year from the original contract date. Home sale contract assets consist of cash from home closings held in escrow for our benefit, typically for less than five days, which are considered deposits in-transit and classified as cash. Contract liabilities include customer deposit liabilities related to sold but undelivered homes, which totaled $254.6 million and $250.8 million at December 31, 2018 and 2017, respectively. Substantially all of our home sales are scheduled to close and be recorded to revenue within one year from the date of receiving a customer deposit.

Land sale revenues - We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land sales are generally outright sales of specified land parcels with cash consideration due on the closing date, which is generally when performance obligations are satisfied. During 2018, we closed on a number of land sale transactions that generated gains totaling $31.4 million, as the proceeds from the sales exceeded the cost basis of the land. Substantially all performance obligations related to these transactions were satisfied at closing.

Financial services revenues - Loan origination fees, commitment fees, and certain direct loan origination costs are recognized as incurred. Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. Interest income is accrued from the date a mortgage loan is originated until the loan is sold. Mortgage servicing fees represent fees earned for servicing loans for various investors. Servicing fees are based on a contractual percentage of the outstanding principal balance and are credited to income when related mortgage payments are received or the sub-servicing fees are earned.

Revenues associated with our title operations are recognized as closing services are rendered and title insurance policies are issued, both of which generally occur as each home is closed. Insurance brokerage commissions relate to commissions on home and other insurance policies placed with third party carriers through various agency channels. Our performance obligations for policy renewal commissions are considered satisfied upon issuance of the initial policy, and related contract assets for estimated future renewal commissions are included in other assets and totaled $30.8 million at December 31, 2018. Contract assets totaling $27.7 million were recognized on January 1, 2018, in conjunction with the adoption of Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" ("ASC 606"). Refer to "New accounting pronouncements" within Note 1 for further discussion.

  
Sales Incentives Policy When sales incentives involve a discount on the selling price of the home, we record the discount as a reduction of revenue at the time of house closing. If the sales incentive requires us to provide a free product or service to the customer, the cost of the free product or service is recorded as cost of revenues at the time of house closing. This includes the cost related to optional upgrades and seller-paid financing costs, closing costs, homeowners’ association fees, or merchandise.  
Inventory and Cost of Revenues Policy Inventory is stated at cost unless the carrying value is determined to not be recoverable, in which case the affected inventory is written down to fair value. Cost includes land acquisition, land development, and home construction costs, including interest, real estate taxes, and certain direct and indirect overhead costs related to development and construction. For those communities for which construction and development activities have been idled, applicable interest and real estate taxes are expensed as incurred. Land acquisition and development costs are allocated to individual lots using an average lot cost determined based on the total expected land acquisition and development costs and the total expected home closings for the community. The specific identification method is used to accumulate home construction costs.

We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.

Cost of revenues includes the construction cost, average lot cost, estimated warranty costs, and closing costs applicable to the home. Sales commissions are classified within selling, general, and administrative expenses. The construction cost of the home includes amounts paid through the closing date of the home, plus an accrual for costs incurred but not yet paid. Total community land acquisition and development costs are based on an analysis of budgeted costs compared with actual costs incurred to date and estimates to complete. The development cycles for our communities range from under one year to in excess of ten years for certain master planned communities. Adjustments to estimated total land acquisition and development costs for the community affect the amounts costed for the community’s remaining lots.
    
We test inventory for impairment when events and circumstances indicate that the undiscounted cash flows estimated to be generated by the community may be less than its carrying amount. Such indicators include gross margins or sales paces significantly below expectations, construction costs or land development costs significantly in excess of budgeted amounts, significant delays or changes in the planned development or strategy for the community, and other known qualitative factors. Communities that demonstrate potential impairment indicators are tested for impairment by comparing the expected undiscounted cash flows for the community to its carrying value. For those communities whose carrying values exceed the expected undiscounted cash flows, we estimate the fair value of the community, and impairment charges are recorded if the fair value of the community's inventory is less than its carrying value. See 		 
Land Held for Sale Policy We periodically elect to sell parcels of land to third parties in the event such assets no longer fit into our strategic operating plans or are zoned for commercial or other development. Land held for sale is recorded at the lower of cost or fair value less costs to sell. In determining the value of land held for sale, we consider recent offers received, prices for land in recent comparable sales transactions, and other factors. We record net realizable value adjustments for land held for sale within Homebuilding land sale cost of revenues. See Note 2  
Land Option Agreements Policy We enter into land option agreements in order to procure land for the construction of homes in the future. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such contracts enable us to defer acquiring portions of properties owned by third parties or unconsolidated entities until we have determined whether and when to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. Option deposits and pre-acquisition costs (such as environmental testing, surveys, engineering, and entitlement costs) are capitalized if the costs are directly identifiable with the land under option, the costs would be capitalized if we owned the land, and acquisition of the property is probable. Such costs are reflected in other assets and are reclassified to inventory upon taking title to the land. We write off deposits and pre-acquisition costs when it becomes probable that we will not go forward with the project or recover the capitalized costs. Such decisions take into consideration changes in local market conditions, the timing of required land purchases, the availability and best use of necessary incremental capital, and other factors. We record any such write-offs of deposits and pre-acquisition costs within other expense, net.  See Note 2.

If an entity holding the land under option is a variable interest entity (“VIE”), our deposit represents a variable interest in that entity. No VIEs required consolidation at either December 31, 2018 or 2017 because we determined that we were not the primary beneficiary. Our maximum exposure to loss related to these VIEs is generally limited to our deposits and pre-acquisition costs under the applicable land option agreements. 		 
Allowance for Warranties Policy Home purchasers are provided with a limited warranty against certain building defects, including a one-year comprehensive limited warranty and coverage for certain other aspects of the home's construction and operating systems for periods of up to 10 years. We estimate the costs to be incurred under these warranties and record a liability in the amount of such costs at the time revenue is recognized  
Self-insured Risks Policy We maintain, and require the majority of our subcontractors to maintain, general liability insurance coverage, including coverage for certain construction defects. We also maintain builders' risk, property, errors and omissions, workers compensation, and other business insurance coverage. These insurance policies protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. However, we retain a significant portion of the overall risk for such claims. We reserve for these costs on an undiscounted basis at the time revenue is recognized for each home closing and evaluate the recorded liabilities based on actuarial analyses of our historical claims, which include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. In certain instances, we have the ability to recover a portion of our costs under various insurance policies or from our subcontractors or other third parties. Estimates of such amounts are recorded when recovery is considered probable. See Note 11.
  
Residential Mortgage Loans Available for Sale Policy Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale. Election of the fair value option for these loans allows a better offset of the changes in fair values of the loans and the derivative instruments used to economically hedge them without having to apply complex hedge accounting provisions. We do not designate any derivative instruments as hedges or apply the hedge accounting provisions of ASC 815, “Derivatives and Hedging.” See Note 11 for discussion of the risks retained related to mortgage loan originations. 

Expected gains and losses from the sale of residential mortgage loans and their related servicing rights are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment.  Subsequent changes in the fair value of these loans are reflected in Financial Services revenues as they occur. At December 31, 2018 and 2017, residential mortgage loans available-for-sale had an aggregate fair value of $461.4 million and $570.6 million, respectively, and an aggregate outstanding principal balance of $444.2 million and $553.5 million, respectively. The net gain (loss) resulting from changes in fair value of these loans totaled $0.7 million and $(2.2) million for the years ended December 31, 2018 and 2017, respectively. These changes in fair value were substantially offset by changes in fair value of the corresponding hedging instruments. Net gains from the sale of mortgages during 2018, 2017, and 2016 were $111.3 million, $110.9 million, and $109.6 million, respectively, and have been included in Financial Services revenues. 		 
Mortgage Servicing Rights Policy Mortgage servicing rights

We sell the servicing rights for the loans we originate through fixed price servicing sales contracts to reduce the risks and costs inherent in servicing loans. This strategy results in owning the servicing rights for only a short period of time. The servicing sales contracts provide for the reimbursement of payments made by the purchaser if loans prepay within specified periods of time, generally within 90 to 120 days after sale. We establish reserves for this exposure at the time the sale is recorded. Such reserves were immaterial at December 31, 2018 and 2017. 		 
Loans Held for Investment Policy We maintain a portfolio of loans that either have been repurchased from investors or were not saleable upon closing. We have the intent and ability to hold these loans for the foreseeable future or until maturity or payoff. These loans are reviewed annually for impairment, or when recoverability becomes doubtful. Loans held for investment are included in other assets and totaled $8.9 million and $11.2 million at December 31, 2018 and 2017, respectively.
  
Interest Income on Mortgage Loans Policy Interest income on mortgage loans is recorded in Financial Services revenues, accrued from the date a mortgage loan is originated until the loan is sold, and totaled $11.3 million, $9.5 million, and $8.0 million in 2018, 2017, and 2016, respectively. Loans are placed on non-accrual status once they become greater than 90 days past due their contractual terms. Subsequent payments received are applied according to the contractual terms of the loan. Mortgage discounts are not amortized as interest income due to the short period the loans are held until sale to third party investors  
Derivative Instruments and Hedging Activities Policy We are party to interest rate lock commitments ("IRLCs") with customers resulting from our mortgage origination operations. At December 31, 2018 and 2017, we had aggregate IRLCs of $285.0 million and $210.9 million, respectively, which were originated at interest rates prevailing at the date of commitment. Since we can terminate a loan commitment if the borrower does not comply with the terms of the contract, and some loan commitments may expire without being drawn upon, these commitments do not necessarily represent future cash requirements. We evaluate the creditworthiness of these transactions through our normal credit policies.

We hedge our exposure to interest rate market risk relating to residential mortgage loans available-for-sale and IRLCs using forward contracts on mortgage-backed securities, which are commitments to either purchase or sell a specified financial instrument at a specified future date for a specified price, and whole loan investor commitments, which are obligations of an investor to buy loans at a specified price within a specified time period. Forward contracts on mortgage-backed securities are the predominant derivative financial instruments we use to minimize market risk during the period from the time we extend an interest rate lock to a loan applicant until the time the loan is sold to an investor. At December 31, 2018 and 2017, we had unexpired forward contracts of $511.0 million and $522.0 million, respectively, and whole loan investor commitments of $187.8 million and $203.1 million, respectively. Changes in the fair value of IRLCs and other derivative financial instruments are recognized in Financial Services revenues, and the fair values are reflected in other assets or other liabilities, as applicable.

There are no credit-risk-related contingent features within our derivative agreements, and counterparty risk is considered minimal. Gains and losses on IRLCs are substantially offset by corresponding gains or losses on forward contracts on mortgage-backed securities and whole loan investor commitments. We are generally not exposed to variability in cash flows of derivative instruments for more than approximately 60 days. 		 
New Accounting Pronouncements Policy
ASC 842, "Leases", becomes effective for us for interim and annual periods beginning January 1, 2019. The standard requires that lease assets and liabilities be recognized on the balance sheet and that key information about leasing arrangements be disclosed. Upon adoption, we expect to recognize additional lease assets and liabilities of approximately $80 million to reflect the present value of remaining lease payments under existing leasing arrangements. While the recognition of such lease assets and liabilities will impact our consolidated balance sheet, we do not expect a material impact on our consolidated statements of operations or cash flows. We also do not expect significant changes to our business processes, systems, or internal controls as a result of implementing the standard. We have elected to apply the modified retrospective transition approach, so financial information will not be updated for periods prior to January 1, 2019.

In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which changes the impairment model for most financial assets and certain other instruments from an "incurred loss" approach to a new "expected credit loss" methodology. The standard is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and requires full retrospective application on adoption. We are currently evaluating the impact the standard will have on our financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment." ("ASU 2017-04"), which removes the requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for us for annual and interim periods beginning January 1, 2020, with early adoption permitted, and applied prospectively. We do not expect ASU 2017-04 to have a material impact on our financial statements. 		 
Inventory, Interest Capitalization Policy We capitalize interest cost into homebuilding inventories. Each layer of capitalized interest is amortized over a period that approximates the average life of communities under development. Interest expense is allocated over the period based on the timing of home closings.In all periods presented, we capitalized all Homebuilding interest costs into inventory because the level of our active inventory exceeded our debt levels  
Fair Value of Financial Instruments Policy Fair values for agency residential mortgage loans available-for-sale are determined based on quoted market prices for comparable instruments. Fair values for non-agency residential mortgage loans available-for-sale are determined based on purchase commitments from whole loan investors and other relevant market information available to management. Fair values for interest rate lock commitments, including the value of servicing rights, and forward contracts on mortgage-backed securities are valued based on market prices for similar instruments. Fair values for whole loan commitments are based on market prices for similar instruments from the specific whole loan investor.

Certain assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. The non-recurring fair value included in the above table represent only those assets whose carrying values were adjusted to fair value as of the respective balance sheet dates. See Note 1 for a more detailed discussion of the valuation methods used for inventory.

The carrying amounts of cash and equivalents, Financial Services debt, Other notes payable and the Revolving Credit Facility approximate their fair values due to their short-term nature and floating interest rate terms. The fair values of the Senior notes payable are based on quoted market prices, when available. If quoted market prices are not available, fair values are based on quoted market prices of similar issues 		 
Financing Receivables Policy We record receivables from various parties in the normal course of business, including amounts due from insurance companies (see Note 11) and municipalities. In certain instances, we may accept consideration for land sales or other transactions in the form of a note receivable  
Legal Reserves Policy   We are involved in various litigation and legal claims in the normal course of our business operations, including actions brought on behalf of various classes of claimants. We are also subject to a variety of local, state, and federal laws and regulations related to land development activities, house construction standards, sales practices, mortgage lending operations, employment practices, and protection of the environment. As a result, we are subject to periodic examination or inquiry by various governmental agencies that administer these laws and regulations.

We establish liabilities for legal claims and regulatory matters when such matters are both probable of occurring and any potential loss is reasonably estimable. We accrue for such matters based on the facts and circumstances specific to each matter and revise these estimates as the matters evolve. In such cases, there may exist an exposure to loss in excess of any amounts currently accrued. In view of the inherent difficulty of predicting the outcome of these legal and regulatory matters, we generally cannot predict the ultimate resolution of the pending matters, the related timing, or the eventual loss. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our results of operations, financial position, or cash flows. However, to the extent the liability arising from the ultimate resolution of any matter exceeds the estimates reflected in the recorded reserves relating to such matter, we could incur additional charges that could be significant. During 2016, we settled a contract dispute related to a land transaction that we terminated over ten years ago in response to a collapse in housing demand. As a result of the settlement, we recorded a charge of $15.0 million, which is reflected in other expense, net.
XML 36 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Other Expense (Income), Net Other expense, net consists of the following ($000’s omitted): 
 
2018
 
2017
 
2016
Write-offs of deposits and pre-acquisition costs (Note 2)
$
(16,992
)
 
$
(11,367
)
 
$
(17,157
)
Lease exit and related costs (a)
(240
)
 
(1,729
)
 
(11,643
)
Amortization of intangible assets (Note 1)
(13,800
)
 
(13,800
)
 
(13,800
)
Interest expense
(618
)
 
(503
)
 
(686
)
Interest income
7,593

 
2,537

 
3,236

Equity in earnings (loss) of unconsolidated entities (Note 4) (b)
2,690

 
(1,985
)
 
8,337

Miscellaneous, net (c)
7,518

 
(5,540
)
 
(25,155
)
Total other expense, net
$
(13,849
)
 
$
(32,387
)
 
$
(56,868
)


(a)
Lease exit and related costs resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013.
(b)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in 2017 (see Note 2).
(c)
Miscellaneous, net includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).
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, 2018
 
December 31, 2017
 
December 31, 2016
Numerator:
 
 
 
 
 
Net income
$
1,022,023

 
$
447,221

 
$
602,703

Less: earnings distributed to participating securities
(1,208
)
 
(1,192
)
 
(1,100
)
Less: undistributed earnings allocated to participating securities
(9,984
)
 
(3,380
)
 
(3,622
)
Numerator for basic earnings per share
$
1,010,831

 
$
442,649

 
$
597,981

Add back: undistributed earnings allocated to participating securities
9,984

 
3,380

 
3,622

Less: undistributed earnings reallocated to participating securities
(9,939
)
 
(3,361
)
 
(3,602
)
Numerator for diluted earnings per share
$
1,010,876

 
$
442,668

 
$
598,001

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Basic shares outstanding
283,578

 
305,089

 
339,747

Effect of dilutive securities
1,287

 
1,725

 
2,376

Diluted shares outstanding
284,865

 
306,814

 
342,123

 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
Basic
$
3.56

 
$
1.45

 
$
1.76

Diluted
$
3.55

 
$
1.44

 
$
1.75
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, 2018
 
December 31, 2017
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
90,717

 
$
1,079,507

 
$
78,889

 
$
977,480

Other land options
127,851

 
1,522,903

 
129,098

 
1,485,099

 
$
218,568

 
$
2,602,410

 
$
207,987

 
$
2,462,579
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, 2018
 
December 31, 2017
 
Other Assets
 
Other Liabilities
 
Other Assets
 
Other Liabilities
Interest rate lock commitments
$
9,196

 
$
161

 
$
5,990

 
$
407

Forward contracts
315

 
7,229

 
432

 
817

Whole loan commitments
393

 
1,111

 
794

 
941

 
$
9,904

 
$
8,501

 
$
7,216

 
$
2,165
XML 37 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory And Land Held For Sale (Tables)
 12 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
Components of Inventory Major components of inventory at December 31, 2018 and 2017 were ($000’s omitted):
 
2018
 
2017
Homes under construction
$
2,630,158

 
$
2,421,405

Land under development
4,129,225

 
4,135,814

Raw land
493,970

 
589,911

 
$
7,253,353

 
$
7,147,130
Capitalized Interest Rollforward Activity related to interest capitalized into inventory is as follows ($000’s omitted):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Interest in inventory, beginning of period
$
226,611

 
$
186,097

 
$
149,498

Interest capitalized
172,809

 
181,719

 
160,506

Interest expensed
(171,925
)
 
(141,205
)
 
(123,907
)
Interest in inventory, end of period
$
227,495

 
$
226,611

 
$
186,097
Land-related Charges recorded the following land-related charges ($000's omitted):
 
Statement of Operations Classification
 
2018
 
2017
 
2016
Net realizable value adjustments ("NRV") - land held for sale
Land sale cost of revenues
 
$
11,489

 
$
83,576

 
$
1,105

Land impairments
Home sale cost of revenues
 
70,965

 
88,952

 
1,074

Impairments of unconsolidated entities
Other expense, net
 
—

 
8,017

 
—

Write-offs of deposits and pre-acquisition costs
Other expense, net
 
16,992

 
11,367

 
17,157

Total land-related charges
 
 
$
99,446

 
$
191,912

 
$
19,336
Land Held for Sale Land held for sale at December 31, 2018 and 2017 was as follows ($000’s omitted): 
 
2018
 
2017
Land held for sale, gross
$
40,037

 
$
142,070

Net realizable value reserves
(3,188
)
 
(73,686
)
Land held for sale, net
$
36,849

 
$
68,384
XML 38 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Operating Data By Reporting Segment
 
Operating Data by Segment ($000’s omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Revenues:
 
 
 
 
 
Northeast
$
839,700

 
$
693,877

 
$
699,718

Southeast
1,746,161

 
1,564,116

 
1,492,502

Florida
1,944,170

 
1,494,389

 
1,285,890

Midwest
1,497,389

 
1,450,192

 
1,235,198

Texas
1,301,004

 
1,168,755

 
1,035,428

West
2,654,525

 
2,014,197

 
1,746,668

 
9,982,949

 
8,385,526

 
7,495,404

Financial Services
205,382

 
192,160

 
181,126

Consolidated revenues
$
10,188,331

 
$
8,577,686

 
$
7,676,530

 
 
 
 
 
 
Income before income taxes (a):
 
 
 
 
 
Northeast (b)
$
29,629

 
$
21,190

 
$
81,991

Southeast
202,639

 
122,532

 
145,011

Florida (c)
289,418

 
208,825

 
205,049

Midwest
179,568

 
178,231

 
120,159

Texas
193,946

 
182,862

 
152,355

West (d)
511,828

 
229,504

 
225,771

Other homebuilding (e)
(118,224
)
 
(77,812
)
 
(69,570
)
 
1,288,804

 
865,332

 
860,766

Financial Services
58,736

 
73,496

 
73,084

Consolidated income before income taxes
$
1,347,540

 
$
938,828

 
$
933,850


(a)
Includes certain land-related charges (see the following table and Note 2).
(b)
Northeast includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).
(c)
Florida includes a warranty charge of $12.4 million in 2017 related to a closed-out community (see Note 11).
(d)
West includes gains of $26.4 million in 2018 related to two land sale transactions in California.
(e)
Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also includes: write-off of $29.6 million of insurance receivables associated with the resolution of certain insurance matters in 2017 (see Note 11); general liability insurance reserve reversals of $35.9 million, $97.8 million, and $57.1 million in 2018, 2017 and 2016, respectively (see Note 11); and costs associated with the relocation of our corporate headquarters totaling $8.3 million in 2016.
 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Land-related charges*:
 
 
 
 
 
Northeast
$
74,488

 
$
51,362

 
$
2,079

Southeast
8,140

 
55,689

 
3,089

Florida
1,166

 
9,702

 
715

Midwest
7,361

 
8,917

 
3,383

Texas
1,204

 
2,521

 
515

West
5,159

 
56,995

 
8,960

Other homebuilding
1,928

 
6,726

 
595

 
$
99,446

 
$
191,912

 
$
19,336
Land-Related Charges By Reporting Segment
 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Land-related charges*:
 
 
 
 
 
Northeast
$
74,488

 
$
51,362

 
$
2,079

Southeast
8,140

 
55,689

 
3,089

Florida
1,166

 
9,702

 
715

Midwest
7,361

 
8,917

 
3,383

Texas
1,204

 
2,521

 
515

West
5,159

 
56,995

 
8,960

Other homebuilding
1,928

 
6,726

 
595

 
$
99,446

 
$
191,912

 
$
19,336


*
Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See Note 2 for additional discussion of these charges.
Depreciation and Amortization Expense by Reporting Segment
 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2018
 
2017
 
2016
Depreciation and amortization:
 
 
 
 
 
Northeast
$
2,093

 
$
2,392

 
$
2,133

Southeast
5,231

 
5,117

 
5,350

Florida
4,893

 
4,883

 
4,955

Midwest
4,271

 
4,449

 
5,099

Texas
3,082

 
3,301

 
3,673

West
6,758

 
5,828

 
6,739

Other homebuilding (a)
18,908

 
21,326

 
22,467

 
45,236

 
47,296

 
50,416

Financial Services
4,193

 
3,702

 
3,591

 
$
49,429

 
$
50,998

 
$
54,007

(a)
Other homebuilding includes amortization of intangible assets
Equity in (Earnings) Loss of Unconsolidated Entities by Reporting Segment

 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
268,900

 
$
291,467

 
$
52,245

 
$
612,612

 
$
704,515

Southeast
443,140

 
676,087

 
90,332

 
1,209,559

 
1,347,427

Florida
467,625

 
892,669

 
85,321

 
1,445,615

 
1,601,906

Midwest
314,442

 
433,056

 
29,908

 
777,406

 
849,596

Texas
284,405

 
427,124

 
98,415

 
809,944

 
881,629

West
805,709

 
1,131,841

 
118,579

 
2,056,129

 
2,208,092

Other homebuilding (a)
45,937

 
276,981

 
19,170

 
342,088

 
2,006,825

 
2,630,158

 
4,129,225

 
493,970

 
7,253,353

 
9,599,990

Financial Services


 


 


 
—

 
572,986

 
$
2,630,158

 
$
4,129,225

 
$
493,970

 
$
7,253,353

 
$
10,172,976

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,413

 
$
327,599

 
$
73,574

 
$
635,586

 
$
791,511

Southeast
433,411

 
613,626

 
121,238

 
1,168,275

 
1,287,992

Florida
359,651

 
876,856

 
109,069

 
1,345,576

 
1,481,837

Midwest
299,896

 
476,694

 
28,482

 
805,072

 
877,282

Texas
251,613

 
435,018

 
87,392

 
774,023

 
859,847

West
798,706

 
1,137,940

 
147,493

 
2,084,139

 
2,271,328

Other homebuilding (a)
43,715

 
268,081

 
22,663

 
334,459

 
1,469,234

 
2,421,405

 
4,135,814

 
589,911

 
7,147,130

 
9,039,031

Financial Services
—

 
—

 
—

 
—

 
647,618

 
$
2,421,405

 
$
4,135,814

 
$
589,911

 
$
7,147,130

 
$
9,686,649

 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
175,253

 
$
375,899

 
$
135,447

 
$
686,599

 
$
798,369

Southeast (a)
354,047

 
650,805

 
148,793

 
1,153,645

 
1,243,188

Florida
309,525

 
683,376

 
183,168

 
1,176,069

 
1,330,847

Midwest
256,649

 
474,287

 
50,302

 
781,238

 
851,457

Texas
219,606

 
413,312

 
74,750

 
707,668

 
793,917

West
580,082

 
1,226,190

 
159,387

 
1,965,659

 
2,200,058

Other homebuilding (a)
26,097

 
248,240

 
25,440

 
299,777

 
2,351,082

 
1,921,259

 
4,072,109

 
777,287

 
6,770,655

 
9,568,918

Financial Services
—

 
—

 
—

 
—

 
609,282

 
$
1,921,259

 
$
4,072,109

 
$
777,287

 
$
6,770,655

 
$
10,178,200
Total Assets And Inventory By Reporting Segment
 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
268,900

 
$
291,467

 
$
52,245

 
$
612,612

 
$
704,515

Southeast
443,140

 
676,087

 
90,332

 
1,209,559

 
1,347,427

Florida
467,625

 
892,669

 
85,321

 
1,445,615

 
1,601,906

Midwest
314,442

 
433,056

 
29,908

 
777,406

 
849,596

Texas
284,405

 
427,124

 
98,415

 
809,944

 
881,629

West
805,709

 
1,131,841

 
118,579

 
2,056,129

 
2,208,092

Other homebuilding (a)
45,937

 
276,981

 
19,170

 
342,088

 
2,006,825

 
2,630,158

 
4,129,225

 
493,970

 
7,253,353

 
9,599,990

Financial Services


 


 


 
—

 
572,986

 
$
2,630,158

 
$
4,129,225

 
$
493,970

 
$
7,253,353

 
$
10,172,976

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,413

 
$
327,599

 
$
73,574

 
$
635,586

 
$
791,511

Southeast
433,411

 
613,626

 
121,238

 
1,168,275

 
1,287,992

Florida
359,651

 
876,856

 
109,069

 
1,345,576

 
1,481,837

Midwest
299,896

 
476,694

 
28,482

 
805,072

 
877,282

Texas
251,613

 
435,018

 
87,392

 
774,023

 
859,847

West
798,706

 
1,137,940

 
147,493

 
2,084,139

 
2,271,328

Other homebuilding (a)
43,715

 
268,081

 
22,663

 
334,459

 
1,469,234

 
2,421,405

 
4,135,814

 
589,911

 
7,147,130

 
9,039,031

Financial Services
—

 
—

 
—

 
—

 
647,618

 
$
2,421,405

 
$
4,135,814

 
$
589,911

 
$
7,147,130

 
$
9,686,649

 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
175,253

 
$
375,899

 
$
135,447

 
$
686,599

 
$
798,369

Southeast (a)
354,047

 
650,805

 
148,793

 
1,153,645

 
1,243,188

Florida
309,525

 
683,376

 
183,168

 
1,176,069

 
1,330,847

Midwest
256,649

 
474,287

 
50,302

 
781,238

 
851,457

Texas
219,606

 
413,312

 
74,750

 
707,668

 
793,917

West
580,082

 
1,226,190

 
159,387

 
1,965,659

 
2,200,058

Other homebuilding (a)
26,097

 
248,240

 
25,440

 
299,777

 
2,351,082

 
1,921,259

 
4,072,109

 
777,287

 
6,770,655

 
9,568,918

Financial Services
—

 
—

 
—

 
—

 
609,282

 
$
1,921,259

 
$
4,072,109

 
$
777,287

 
$
6,770,655

 
$
10,178,200


 
(a)
Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.
XML 39 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments In Unconsolidated Entities (Tables)
 12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Joint Ventures A summary of our joint ventures is presented below ($000’s omitted): 
 
December 31,
 
2018
 
2017
Investments in joint ventures with limited recourse debt
$
31,551

 
$
37,063

Investments in joint ventures with debt non-recourse to PulteGroup
3,471

 
3,567

Investments in other active joint ventures
19,568

 
22,327

Total investments in unconsolidated entities
$
54,590

 
$
62,957

 
 
 
 
Total joint venture debt
$
42,948

 
$
59,544

 
 
 
 
PulteGroup proportionate share of joint venture debt:
 
 
 
Joint venture debt with limited recourse guaranties
$
21,059

 
$
28,157

Joint venture debt non-recourse to PulteGroup
217

 
700

PulteGroup's total proportionate share of joint venture debt
$
21,276

 
$
28,857
XML 40 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Senior Notes Our notes payable are summarized as follows ($000’s omitted):
 
December 31,
 
2018
 
2017
4.250% unsecured senior notes due March 2021 (a)
$
700,000

 
$
700,000

5.500% unsecured senior notes due March 2026 (a)
700,000

 
700,000

5.000% unsecured senior notes due January 2027 (a)
600,000

 
600,000

7.875% unsecured senior notes due June 2032 (a)
300,000

 
300,000

6.375% unsecured senior notes due May 2033 (a)
400,000

 
400,000

6.000% unsecured senior notes due February 2035 (a)
300,000

 
300,000

Net premiums, discounts, and issuance costs (b)
(13,247
)
 
(13,057
)
Total senior notes
$
2,986,753

 
$
2,986,943

Other notes payable
41,313

 
20,024

Notes payable
$
3,028,066

 
$
3,006,967

Estimated fair value
$
2,899,143

 
$
3,263,774


(a)
Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.
(b)
The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes
Schedule of Financial Services available credit lines The following is aggregate borrowing information for our mortgage operations ($000’s omitted): 
 
December 31,
 
2018
 
2017
Available credit lines
$
520,000

 
$
475,000

Unused credit lines
$
171,588

 
$
37,196

Weighted-average interest rate
4.27
%
 
3.55
%
XML 41 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Share-based Compensation [Abstract]  
Stock Compensation Expense by Plan Type Our stock compensation expense for the three years ended December 31, 2018, is presented below ($000's omitted):
 
2018
 
2017
 
2016
Stock options
$
—

 
$
—

 
$
—

Restricted shares (including RSUs and performance shares)
20,145

 
24,207

 
18,626

Long-term incentive plans
8,145

 
9,476

 
3,602

 
$
28,290

 
$
33,683

 
$
22,228
Stock Option Activity Rollforward A summary of stock option activity for the three years ended December 31, 2018, is presented below (000’s omitted, except per share data):
 
2018
 
2017
 
2016
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
Outstanding, beginning of year
1,168

 
$
11

 
3,623

 
$
12

 
6,040

 
$
19

Granted
—

 
—

 
—

 
—

 
—

 
—

Exercised
(605
)
 
11

 
(2,353
)
 
12

 
(498
)
 
12

Forfeited
—

 
—

 
(102
)
 
28

 
(1,919
)
 
34

Outstanding, end of year
563

 
$
12

 
1,168

 
$
11

 
3,623

 
$
12

Options exercisable at year end
563

 
$
12

 
1,168

 
$
11

 
3,623

 
$
12

Weighted-average per share fair value of
       options granted during the year
$
—

 
 
 
$
—

 
 
 
$
—

 
 
Stock Options Weighted-average Remaining Contractual Lives The following table summarizes information about our options outstanding at December 31, 2018: 
 
Options Outstanding
 
Options Exercisable
 
Number
Outstanding
(000's omitted)
 
Weighted-
Average
Remaining
Contract Life
(in years)
 
Weighted-
Average
Per Share
Exercise Price
 
Number
Exercisable
(000's omitted)
 
Weighted-
Average Per
Share
Exercise Price
$0.01 to $10.00
71

 
2.1
 
$
8

 
71

 
$
8

$10.01 to $20.00
492

 
0.8
 
12

 
492

 
12

 
563

 
1.2
 
$
12

 
563

 
$
12
Restricted Stock, RSUs, and Performance Shares Activity Rollforward A summary of restricted share activity, including RSUs and performance shares, for the three years ended December 31, 2018, is presented below (000’s omitted, except per share data): 
 
2018
 
2017
 
2016
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
Outstanding, beginning of
       year
3,271

 
$
19

 
2,974

 
$
19

 
2,576

 
$
18

Granted
833

 
31

 
1,251

 
21

 
1,853

 
17

Distributed
(786
)
 
22

 
(775
)
 
19

 
(546
)
 
20

Forfeited
(244
)
 
22

 
(179
)
 
19

 
(909
)
 
12

Outstanding, end of year
3,074

 
$
23

 
3,271

 
$
19

 
2,974

 
$
19

Vested, end of year
129

 
$
21

 
152

 
$
17

 
123

 
$
15
XML 42 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Components of Income Tax Expense (Benefit) Components of current and deferred income tax expense (benefit) are as follows ($000’s omitted): 
 
2018
 
2017
 
2016
Current expense (benefit)
 
 
 
 
 
Federal
$
(44,462
)
 
$
81,101

 
$
9,464

State and other
7,202

 
(11,801
)
 
(13,104
)
 
$
(37,260
)
 
$
69,300

 
$
(3,640
)
Deferred expense (benefit)
 
 
 
 
 
Federal
$
271,544

 
$
444,695

 
$
312,288

State and other
91,233

 
(22,388
)
 
22,499

 
$
362,777

 
$
422,307

 
$
334,787

Income tax expense (benefit)
$
325,517

 
$
491,607

 
$
331,147
Effective Income Tax Rate Reconciliation The following table reconciles the statutory federal income tax rate to the effective income tax rate: 
 
2018
 
2017
 
2016
Income taxes at federal statutory rate
21.0
 %
 
35.0
 %
 
35.0
 %
State and local income taxes, net of federal tax
4.0

 
3.1

 
3.3

Tax accounting method change
(2.5
)
 
—

 
—

Changes in tax laws, including the Tax Act
1.0

 
18.3

 
0.5

Deferred tax asset valuation allowance
0.9

 
(1.1
)
 
(2.2
)
Tax contingencies
0.1

 
(1.0
)
 
(1.3
)
Other
(0.3
)
 
(1.9
)
 
0.2

Effective rate
24.2
 %
 
52.4
 %
 
35.5
 %
Deferred Tax Assets and Liabilities Components of our net deferred tax asset are as follows ($000’s omitted): 
 
At December 31,
 
2018
 
2017
Deferred tax assets:
 
 
 
Accrued insurance
$
117,682

 
$
117,133

Inventory valuation reserves
132,495

 
202,791

Other reserves
60,585

 
78,271

NOL carryforwards:
 
 
 
Federal
27,122

 
41,282

State
228,959

 
248,224

Alternative minimum tax credit carryforwards
2,546

 
54,965

Energy and other credit carryforwards
5,146

 
41,763

 
574,535

 
784,429

Deferred tax liabilities:
 
 
 
Capitalized items, including real estate basis differences,
      deducted for tax, net
(1,038
)
 
(17,895
)
Deferral of profit on home sales
(188,628
)
 
(34,769
)
Intangibles
(16,701
)
 
(17,860
)
 
(206,367
)
 
(70,524
)
Valuation allowance
(92,589
)
 
(68,610
)
Net deferred tax asset
$
275,579

 
$
645,295
Summary of Income Tax Contingencies A reconciliation of the change in the unrecognized tax benefits is as follows ($000’s omitted): 
 
2018
 
2017
 
2016
Unrecognized tax benefits, beginning of period
$
48,604

 
$
21,502

 
$
38,992

Increases related to tax positions taken during a prior period
5,389

 
20,555

 
224

Decreases related to tax positions taken during a prior period
(31,850
)
 
(9,665
)
 
(13,218
)
Increases related to tax positions taken during the current
       period
8,411

 
18,895

 
114

Decreases related to settlements with taxing authorities
—

 
—

 
(707
)
Reductions as a result of a lapse of the applicable statute of
       limitations
—

 
(2,683
)
 
(3,903
)
Unrecognized tax benefits, end of period
$
30,554

 
$
48,604

 
$
21,502
XML 43 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis Our assets and liabilities measured or disclosed at fair value are summarized below ($000’s omitted): 
Financial Instrument
 
Fair Value
Hierarchy
 
Fair Value
December 31,
2018
 
December 31,
2017
 
 
 
 
 
 
 
Measured at fair value on a recurring basis:
 
 
 
 
 
 
Residential mortgage loans available-for-sale
 
Level 2
 
$
461,354

 
$
570,600

Interest rate lock commitments
 
Level 2
 
9,035

 
5,583

Forward contracts
 
Level 2
 
(6,914
)
 
(385
)
Whole loan commitments
 
Level 2
 
(718
)
 
(147
)
 
 
 
 
 
 
 
Measured at fair value on a non-recurring basis:
 
 
 
 
 
 
House and land inventory
 
Level 3
 
$
18,253

 
$
11,045

Land held for sale
 
Level 2
 
17,813

 
8,600

 
 
 
 
 
 
 
Disclosed at fair value:
 
 
 
 
 
 
Cash and equivalents (including restricted cash)
 
Level 1
 
$
1,133,700

 
$
306,168

Financial Services debt
 
Level 2
 
348,412

 
437,804

Other notes payable
 
Level 2
 
41,313

 
20,024

Senior notes payable
 
Level 2
 
2,857,830

 
3,243,750
XML 44 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Assets and Accrued and Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2018
Other Assets and Accrued and Other Liabilities [Abstract]  
Schedule of Other Assets Other assets are presented below ($000’s omitted): 
 
December 31,
 
2018
 
2017
Accounts and notes receivable:
 
 
 
Insurance receivables (Note 11)
$
152,987

 
$
213,407

Notes receivable
13,850

 
16,768

Other receivables
122,469

 
76,309

 
289,306

 
306,484

Prepaid expenses
131,523

 
116,912

Deposits and pre-acquisition costs (Note 1)
218,568

 
207,987

Property and equipment, net (Note 1)
92,935

 
70,706

Income taxes receivable
58,090

 
6,964

Other
39,937

 
36,070

 
$
830,359

 
$
745,123
Schedule of Accrued and Other Liabilities Accrued and other liabilities are presented below ($000’s omitted):  
 
December 31,
 
2018
 
2017
Self-insurance liabilities (Note 11)
$
737,013

 
$
758,812

Compensation-related liabilities
161,068

 
134,008

Warranty liabilities (Note 11)
79,154

 
72,709

Accrued interest
52,521

 
50,620

Loan origination liabilities (Note 11)
50,282

 
34,641

Other
280,445

 
305,543

 
$
1,360,483

 
$
1,356,333
XML 45 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments And Contingencies (Tables)
 12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases The future minimum lease payments required under operating leases that have initial or remaining non-cancelable terms in excess of one year as of December 31, 2018, are as follows ($000’s omitted): 
Years Ending December 31,
 
2019
$
24,806

2020
19,407

2021
16,146

2022
14,469

2023
12,800

Thereafter
25,868

Total minimum lease payments
$
113,496
Summary of Changes in Loan Origination Liability Changes in these liabilities were as follows ($000's omitted):
 
 
2018
 
2017
 
2016
Liabilities, beginning of period
$
34,641

 
$
35,114

 
$
46,381

Reserves provided (released), net
16,130

 
(50
)
 
506

Payments
(489
)
 
(423
)
 
(11,773
)
Liabilities, end of period
$
50,282

 
$
34,641

 
$
35,114
Summary of Changes in Warranty Liability Changes to warranty liabilities were as follows ($000’s omitted): 
 
2018
 
2017
 
2016
Warranty liabilities, beginning of period
$
72,709

 
$
66,134

 
$
61,179

Reserves provided
65,567

 
50,014

 
67,169

Payments
(64,525
)
 
(58,780
)
 
(55,892
)
Other adjustments (a)
5,403

 
15,341

 
(6,322
)
Warranty liabilities, end of period
$
79,154

 
$
72,709

 
$
66,134
Summary of Changes in Self-insurance Liability Changes in these liabilities were as follows ($000's omitted):
 
2018
 
2017
 
2016
Balance, beginning of period
$
758,812

 
$
831,058

 
$
924,563

Reserves provided
93,156

 
98,176

 
97,916

Adjustments to previously recorded reserves (a)
(35,873
)
 
(97,789
)
 
(57,132
)
Payments, net (a)
(79,082
)
 
(72,633
)
 
(134,289
)
Balance, end of period
$
737,013

 
$
758,812

 
$
831,058
XML 46 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information (Tables)
 12 Months Ended
Dec. 31, 2018
Supplemental Guarantor Information [Abstract]  
Consolidating Balance Sheet CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2018
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 
 
 
 
 
 
 
 
Cash and equivalents
$
—

 
$
906,961

 
$
203,127

 
$
—

 
$
1,110,088

Restricted cash
—

 
22,406

 
1,206

 
—

 
23,612

Total cash, cash equivalents, and
       restricted cash
—

 
929,367

 
204,333

 
—

 
1,133,700

House and land inventory
—

 
7,157,665

 
95,688

 
—

 
7,253,353

Land held for sale
—

 
36,849

 
—

 
—

 
36,849

Residential mortgage loans available-
       for-sale
—

 
—

 
461,354

 
—

 
461,354

Investments in unconsolidated entities
—

 
54,045

 
545

 
—

 
54,590

Other assets
66,154

 
579,452

 
184,753

 
—

 
830,359

Intangible assets
—

 
127,192

 
—

 
—

 
127,192

Deferred tax assets, net
282,874

 
—

 
(7,295
)
 
—

 
275,579

Investments in subsidiaries and
       intercompany accounts, net
7,557,245

 
500,138

 
8,231,342

 
(16,288,725
)
 
—

 
$
7,906,273

 
$
9,384,708

 
$
9,170,720

 
$
(16,288,725
)
 
$
10,172,976

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
90,158

 
$
1,598,265

 
$
278,713

 
$
—

 
$
1,967,136

Income tax liabilities
11,580

 
—

 
—

 
—

 
11,580

Financial Services debt
—

 
—

 
348,412

 
—

 
348,412

Notes payable

2,986,753

 
40,776

 
537

 
—

 
3,028,066

Total liabilities
3,088,491

 
1,639,041

 
627,662

 
—

 
5,355,194

Total shareholders’ equity
4,817,782

 
7,745,667

 
8,543,058

 
(16,288,725
)
 
4,817,782

 
$
7,906,273

 
$
9,384,708

 
$
9,170,720

 
$
(16,288,725
)
 
$
10,172,976

CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2017
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup,
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
ASSETS
 
 

 

 
 
 
 
Cash and equivalents
$
—

 
$
125,462

 
$
147,221

 
$
—

 
$
272,683

Restricted cash
—

 
32,339

 
1,146

 
—

 
33,485

Total cash, cash equivalents, and
       restricted cash
—

 
157,801

 
148,367

 
—

 
306,168

House and land inventory
—

 
7,053,087

 
94,043

 
—

 
7,147,130

Land held for sale
—

 
68,384

 
—

 
—

 
68,384

Residential mortgage loans available-
       for-sale
—

 
—

 
570,600

 
—

 
570,600

Investments in unconsolidated entities
—

 
62,415

 
542

 
—

 
62,957

Other assets
9,417

 
592,045

 
143,661

 
—

 
745,123

Intangible assets
—

 
140,992

 
—

 
—

 
140,992

Deferred tax assets, net
646,227

 
—

 
(932
)
 
—

 
645,295

Investments in subsidiaries and
       intercompany accounts, net
6,661,638

 
284,983

 
7,300,127

 
(14,246,748
)
 
—

 
$
7,317,282

 
$
8,359,707

 
$
8,256,408

 
$
(14,246,748
)
 
$
9,686,649

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable, customer deposits,
       accrued and other liabilities
$
89,388

 
$
1,636,913

 
$
274,626

 
$
—

 
$
2,000,927

Income tax liabilities
86,925

 
—

 
—

 
—

 
86,925

Financial Services debt
—

 
—

 
437,804

 
—

 
437,804

Notes payable
2,986,943

 
16,911

 
3,113

 
—

 
3,006,967

Total liabilities
3,163,256

 
1,653,824

 
715,543

 
—

 
5,532,623

Total shareholders’ equity
4,154,026

 
6,705,883

 
7,540,865

 
(14,246,748
)
 
4,154,026

 
$
7,317,282

 
$
8,359,707

 
$
8,256,408

 
$
(14,246,748
)
 
$
9,686,649
Consolidating Statement Of Operations and Comprehensive Income (Loss) CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
9,694,703

 
$
123,742

 
$
—

 
$
9,818,445

Land sale and other revenues
—

 
162,012

 
2,492

 
—

 
164,504

 
—

 
9,856,715

 
126,234

 
—

 
9,982,949

Financial Services
—

 
—

 
205,382

 
—

 
205,382

 
—

 
9,856,715

 
331,616

 
—

 
10,188,331

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(7,449,343
)
 
(91,594
)
 
—

 
(7,540,937
)
Land sale cost of revenues
—

 
(125,016
)
 
(1,544
)
 
—

 
(126,560
)
 
—

 
(7,574,359
)
 
(93,138
)
 
—

 
(7,667,497
)
Financial Services expenses
—

 
(563
)
 
(146,859
)
 
—

 
(147,422
)
Selling, general, and administrative
       expenses
—

 
(974,858
)
 
(37,165
)
 
—

 
(1,012,023
)
Other expense, net
(580
)
 
(53,765
)
 
40,496

 
—

 
(13,849
)
Intercompany interest
(7,835
)
 
—

 
7,835

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(8,415
)
 
1,253,170

 
102,785

 
—

 
1,347,540

Income tax (expense) benefit
2,104

 
(304,218
)
 
(23,403
)
 
—

 
(325,517
)
Income (loss) before equity in income
       (loss) of subsidiaries
(6,311
)
 
948,952

 
79,382

 
—

 
1,022,023

Equity in income (loss) of subsidiaries
1,028,334

 
73,097

 
782,948

 
(1,884,379
)
 
—

Net income (loss)
1,022,023

 
1,022,049

 
862,330

 
(1,884,379
)
 
1,022,023

Other comprehensive income (loss)
100

 
—

 
—

 
—

 
100

Comprehensive income (loss)
$
1,022,123

 
$
1,022,049

 
$
862,330

 
$
(1,884,379
)
 
$
1,022,123


CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
8,229,392

 
$
94,592

 
$
—

 
$
8,323,984

Land sale and other revenues
—

 
57,711

 
3,831

 
—

 
61,542

 
—

 
8,287,103

 
98,423

 
—

 
8,385,526

Financial Services
—

 
—

 
192,160

 
—

 
192,160

 
—

 
8,287,103

 
290,583

 
—

 
8,577,686

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(6,385,167
)
 
(75,985
)
 
—

 
(6,461,152
)
Land sale cost of revenues
—

 
(131,363
)
 
(3,086
)
 
—

 
(134,449
)
 
—

 
(6,516,530
)
 
(79,071
)
 
—

 
(6,595,601
)
Financial Services expenses
—

 
(527
)
 
(118,762
)
 
—

 
(119,289
)
Selling, general, and administrative
       expenses
—

 
(785,266
)
 
(106,315
)
 
—

 
(891,581
)
Other expense, net
(482
)
 
(63,050
)
 
31,145

 
—

 
(32,387
)
Intercompany interest
(2,485
)
 
—

 
2,485

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(2,967
)
 
921,730

 
20,065

 
—

 
938,828

Income tax (expense) benefit
1,127

 
(483,435
)
 
(9,299
)
 
—

 
(491,607
)
Income (loss) before equity in income
       (loss) of subsidiaries
(1,840
)
 
438,295

 
10,766

 
—

 
447,221

Equity in income (loss) of subsidiaries
449,061

 
58,559

 
226,864

 
(734,484
)
 
—

Net income (loss)
447,221

 
496,854

 
237,630

 
(734,484
)
 
447,221

Other comprehensive income (loss)
81

 
—

 
—

 
—

 
81

Comprehensive income (loss)
$
447,302

 
$
496,854

 
$
237,630

 
$
(734,484
)
 
$
447,302

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the year ended December 31, 2016
($000’s omitted)
 
Unconsolidated
 
Eliminating
Entries
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Revenues:
 
 
 
 
 
 
 
 
 
Homebuilding
 
 
 
 
 
 
 
 
 
Home sale revenues
$
—

 
$
7,427,757

 
$
23,558

 
$
—

 
$
7,451,315

Land sale and other revenues
—

 
41,642

 
2,447

 
—

 
44,089

 
—

 
7,469,399

 
26,005

 
—

 
7,495,404

Financial Services
—

 
—

 
181,126

 
—

 
181,126

 
—

 
7,469,399

 
207,131

 
—

 
7,676,530

Homebuilding Cost of Revenues:
 
 
 
 
 
 
 
 
 
Home sale cost of revenues
—

 
(5,566,653
)
 
(21,321
)
 
—

 
(5,587,974
)
Land sale cost of revenues
—

 
(30,156
)
 
(1,959
)
 
—

 
(32,115
)
 
—

 
(5,596,809
)
 
(23,280
)
 
—

 
(5,620,089
)
Financial Services expenses
—

 
(533
)
 
(108,040
)
 
—

 
(108,573
)
Selling, general, and administrative
       expenses
—

 
(907,748
)
 
(49,402
)
 
—

 
(957,150
)
Other expense, net
(1,321
)
 
(77,389
)
 
21,842

 
—

 
(56,868
)
Intercompany interest
(1,980
)
 
—

 
1,980

 
—

 
—

Income (loss) before income taxes and
       equity in income (loss) of
       subsidiaries
(3,301
)
 
886,920

 
50,231

 
—

 
933,850

Income tax (expense) benefit
1,254

 
(312,486
)
 
(19,915
)
 
—

 
(331,147
)
Income (loss) before equity in income
       (loss) of subsidiaries
(2,047
)
 
574,434

 
30,316

 
—

 
602,703

Equity in income (loss) of subsidiaries
604,750

 
58,078

 
457,716

 
(1,120,544
)
 
—

Net income (loss)
602,703

 
632,512

 
488,032

 
(1,120,544
)
 
602,703

Other comprehensive income (loss)
83

 
—

 
—

 
—

 
83

Comprehensive income (loss)
$
602,786

 
$
632,512

 
$
488,032

 
$
(1,120,544
)
 
$
602,786
Consolidating Statement Of Cash Flows CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2018
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
494,518

 
$
791,350

 
$
163,876

 
$
—

 
$
1,449,744

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(51,147
)
 
(7,892
)
 
—

 
(59,039
)
Investment in unconsolidated subsidiaries
—

 
(1,000
)
 
—

 
—

 
(1,000
)
Other investing activities, net
—

 
11,300

 
6,797

 
—

 
18,097

Net cash provided by (used in) investing
   activities
—

 
(40,847
)
 
(1,095
)
 
—

 
(41,942
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from debt, net of issuance costs
(8,164
)
 
—

 
—

 
—

 
(8,164
)
Repayments of debt
—

 
(81,758
)
 
(1,017
)
 
—

 
(82,775
)
Borrowings under revolving credit facility
1,566,000

 
—

 
—

 
—

 
1,566,000

Repayments under revolving credit facility
(1,566,000
)
 
—

 
—

 
—

 
(1,566,000
)
Financial Services borrowings
     (repayments), net
—

 
—

 
(89,393
)
 
—

 
(89,393
)
Stock option exercises
6,555

 
—

 
—

 
—

 
6,555

Share repurchases
(302,473
)
 
—

 
—

 
—

 
(302,473
)
Dividends paid
(104,020
)
 
—

 
—

 
—

 
(104,020
)
Intercompany activities, net
(86,416
)
 
102,821

 
(16,405
)
 
—

 
—

Net cash provided by (used in)
   financing activities
(494,518
)
 
21,063

 
(106,815
)
 
—

 
(580,270
)
Net increase (decrease)
—

 
771,566

 
55,966

 
—

 
827,532

Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
157,801

 
148,367

 
—

 
306,168

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
929,367

 
$
204,333

 
$
—

 
$
1,133,700


CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2017
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
309,757

 
$
328,163

 
$
25,157

 
$
—

 
$
663,077

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(25,432
)
 
(6,619
)
 
—

 
(32,051
)
Investment in unconsolidated subsidiaries
—

 
(23,037
)
 
—

 
—

 
(23,037
)
Other investing activities, net
—

 
5,778

 
(932
)
 
—

 
4,846

Net cash provided by (used in) investing
   activities
—

 
(42,691
)
 
(7,551
)
 
—

 
(50,242
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from debt, net of issuance costs
—

 
—

 
—

 
—

 
—

Repayments of debt
(123,000
)
 
(10,301
)
 
(1,446
)
 
—

 
(134,747
)
Borrowings under revolving credit facility
2,720,000

 
—

 
—

 
—

 
2,720,000

Repayments under revolving credit facility
(2,720,000
)
 
—

 
—

 
—

 
(2,720,000
)
Financial Services borrowings
     (repayments), net
—

 
—

 
106,183

 
—

 
106,183

Stock option exercises
27,720

 
—

 
—

 
—

 
27,720

Share repurchases
(916,323
)
 
—

 
—

 
—

 
(916,323
)
Dividends paid
(112,748
)
 
—

 
—

 
—

 
(112,748
)
Intercompany activities, net
814,594

 
(728,555
)
 
(86,039
)
 
—

 
—

Net cash provided by (used in)
   financing activities
(309,757
)
 
(738,856
)
 
18,698

 
—

 
(1,029,915
)
Net increase (decrease)
—

 
(453,384
)
 
36,304

 
—

 
(417,080
)
Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
611,185

 
112,063

 
—

 
723,248

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
157,801

 
$
148,367

 
$
—

 
$
306,168

CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended December 31, 2016
($000’s omitted)
 
Unconsolidated
 
 
 
Consolidated
PulteGroup, 
Inc.
 
PulteGroup,
Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminating
Entries
 
Net cash provided by (used in)
   operating activities
$
256,722

 
$
(102,054
)
 
$
(86,398
)
 
$
—

 
$
68,270

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(36,297
)
 
(2,998
)
 
—

 
(39,295
)
Investment in unconsolidated subsidiaries
—

 
(14,539
)
 
—

 
—

 
(14,539
)
Cash used for business acquisitions
—

 
(430,458
)
 
—

 
—

 
(430,458
)
Other investing activities, net
—

 
11,189

 
1,911

 
—

 
13,100

Net cash provided by (used in)
   investing activities
—

 
(470,105
)
 
(1,087
)
 
—

 
(471,192
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Financial Services borrowings (repayments)
—

 
—

 
63,744

 
—

 
63,744

Proceeds from debt, net of issuance costs
1,991,937

 
4,000

 
—

 
—

 
1,995,937

Repayments of debt
(965,245
)
 
(21,235
)
 
(439
)
 
—

 
(986,919
)
Borrowings under revolving credit facility
619,000

 
—

 
—

 
—

 
619,000

Repayments under revolving credit facility
(619,000
)
 
—

 
—

 
—

 
(619,000
)
Stock option exercises
5,845

 
—

 
—

 
—

 
5,845

Share repurchases
(603,206
)
 
—

 
—

 
—

 
(603,206
)
Dividends paid
(124,666
)
 
—

 
—

 
—

 
(124,666
)
Intercompany activities, net
(561,387
)
 
541,703

 
19,684

 
—

 
—

Net cash provided by (used in)
   financing activities
(256,722
)
 
524,468

 
82,989

 
—

 
350,735

Net increase (decrease)
—

 
(47,691
)
 
(4,496
)
 
—

 
(52,187
)
Cash, cash equivalents, and restricted cash
     at beginning of year
—

 
658,876

 
116,559

 
—

 
775,435

Cash, cash equivalents, and restricted cash
     at end of year
$
—

 
$
611,185

 
$
112,063

 
$
—

 
$
723,248
XML 47 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information UNAUDITED QUARTERLY INFORMATION
(000’s omitted, except per share data)
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Total (a)
2018
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
1,924,155

 
$
2,516,958

 
$
2,597,746

 
$
2,944,091

 
$
9,982,949

Cost of revenues (b)
(1,471,488
)
 
(1,900,316
)
 
(1,976,220
)
 
(2,319,473
)
 
(7,667,497
)
Income before income taxes (c)
210,358

 
388,453

 
365,055

 
324,938

 
1,288,804

Financial Services:
 
 
 
 
 
 
 
 
 
Revenues
$
45,938

 
$
52,764

 
$
51,620

 
$
55,059

 
$
205,382

Income before income taxes (d)
13,833

 
20,717

 
19,633

 
4,553

 
58,736

Consolidated results:
 
 
 
 
 
 
 
 
 
Revenues
$
1,970,093

 
$
2,569,722

 
$
2,649,366

 
$
2,999,150

 
$
10,188,331

Income before income taxes
224,191

 
409,170

 
384,688

 
329,491

 
1,347,540

Income tax expense
(53,440
)
 
(85,081
)
 
(95,153
)
 
(91,842
)
 
(325,517
)
Net income
$
170,751

 
$
324,089

 
$
289,535

 
$
237,649

 
$
1,022,023

Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.59

 
$
1.12

 
$
1.01

 
$
0.84

 
$
3.56

Diluted
$
0.59

 
$
1.12

 
$
1.01

 
$
0.84

 
$
3.55

Number of shares used in calculation:
 
 
 
 
 
 
 
 
 
Basic
286,683

 
285,276

 
283,489

 
278,964

 
283,578

Effect of dilutive securities
1,343

 
1,378

 
1,183

 
1,248

 
1,287

Diluted
288,026

 
286,654

 
284,672

 
280,212

 
284,865


(a)
Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
(b)
Cost of revenues includes land inventory impairments of $66.9 million and net realizable value adjustments on land held for sale of $9.0 million in the 4th Quarter. See Note 2 for a more complete discussion of land-related charges for the full year.
(c)
Homebuilding income before income taxes includes an insurance reserve reversal of $37.9 million in the 2nd Quarter (see Note 11) and write-offs of pre-acquisition costs of $9.6 million in the 4th Quarter (See Note 2).
(d)
Financial Services income before income taxes includes a charge related to loan origination liabilities of $16.2 million in the 4th Quarter (see Note 11).

UNAUDITED QUARTERLY INFORMATION
(000’s omitted, except per share data)
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
 
Total (a)
2017
 
 
 
 
 
 
 
 
 
Homebuilding:
 
 
 
 
 
 
 
 
 
Revenues
$
1,588,111

 
$
1,974,584

 
$
2,084,106

 
$
2,738,724

 
$
8,385,526

Cost of revenues (b)
(1,220,906
)
 
(1,637,536
)
 
(1,589,728
)
 
(2,147,431
)
 
(6,595,601
)
Income before income taxes (c)
125,762

 
103,599

 
250,463

 
385,508

 
865,332

Financial Services:
 
 
 
 
 
 
 
 
 
Revenues
$
41,767

 
$
47,275

 
$
46,952

 
$
56,166

 
$
192,160

Income before income taxes
13,503

 
18,948

 
17,786

 
23,259

 
73,496

Consolidated results:
 
 
 
 
 
 
 
 
 
Revenues
$
1,629,878

 
$
2,021,859

 
$
2,131,058

 
$
2,794,890

 
$
8,577,686

Income before income taxes
139,265

 
122,547

 
268,249

 
408,767

 
938,828

Income tax expense
(47,747
)
 
(21,798
)
 
(90,710
)
 
(331,352
)
 
(491,607
)
Net income
$
91,518

 
$
100,749

 
$
177,539

 
$
77,415

 
$
447,221

Net income per share:
 
 
 
 
 
 
 
 
 
Basic
$
0.29

 
$
0.32

 
$
0.59

 
$
0.26

 
$
1.45

Diluted
$
0.28

 
$
0.32

 
$
0.58

 
$
0.26

 
$
1.44

Number of shares used in calculation:
 
 
 
 
 
 
 
 
 
Basic
317,756

 
312,315

 
298,538

 
292,174

 
305,089

Effect of dilutive securities
2,329

 
1,565

 
1,690

 
1,318

 
1,725

Diluted
320,085

 
313,880

 
300,228

 
293,492

 
306,814


(a)
Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
(b)
Cost of revenues includes land inventory impairments of $31.5 million and $57.5 million in the 2nd and 4th Quarters, respectively (see Note 2); net realizable value adjustments on land held for sale of $81.0 million in the 2nd Quarter (see Note 2); and a warranty charge of $12.4 million related to a closed-out community in the 2nd Quarter (see Note 11).
(c)
Homebuilding income before income taxes includes an $8.0 million impairment of an investment in an unconsolidated entity in the 2nd Quarter (see Note 2); write-offs of insurance receivables of $15.0 million, $5.3 million, and $9.3 million for the 1st, 3rd, and 4th Quarters, respectively (see Note 11); and insurance reserve reversals of $19.8 million and $75.3 million in the 2nd and 4th Quarters, respectively (see Note 11).
XML 48 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Narrative) (Details)
$ in Thousands, shares in Millions
 1 Months Ended 12 Months Ended
Jan. 31, 2016
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
shares
Jan. 01, 2019
USD ($)
Jan. 01, 2018
USD ($)
Mar. 31, 2016
USD ($)
home
lot
Intangible asset useful life   20 years          
Unfunded settlements   $ 40,900 $ 80,300        
Restricted Cash and Cash Equivalents   23,612 33,485        
Intangible assets, acquired cost (gross)   277,000 277,000        
Intangible assets, accumulated amortization   190,200 176,400        
Intangible assets amortization expense   13,800 13,800 $ 13,800      
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months   13,800          
Future Amortization Expense, Year Two   13,800          
Future Amortization Expense, Year Three   10,400          
Future Amortization Expense, Year Four   5,700          
Property and equipment, net   92,935 70,706        
Property and equipment, accumulated depreciation   209,300 206,500        
Depreciation Expense   35,600 37,200 40,200      
Advertising Expense   51,000 45,000 50,700      
Employee benefit plan company contributions   $ 17,900 15,700 $ 14,600      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares       1.8      
Number of VIEs requiring consolidation   0          
Residential mortgage loans available-for-sale   $ 461,354 570,600        
Residential mortgage loans available-for-sale aggregate outstanding principal balance   444,200 553,500        
Net gain (loss) from change in fair value   700 (2,200)        
Net gains from the sale of mortgages   111,300 110,900 $ 109,600      
Loans held for investment, net   $ 8,900 11,200        
Days past contractual term once loans no longer accrue interest income   90 days          
Variability in future cash flows of derivative instruments in days   60 days          
Contract liabilities   $ 254,600 250,800        
Revenue from Contract with Customer, Excluding Assessed Tax   10,188,331 8,577,686 7,676,530      
Capitalized contract costs   $ 30,800          
Contract assets           $ 27,700  
Minimum | Office Furniture and Equipment [Member]              
Property and equipment, useful life   3 years          
Minimum | Software and Hardware [Member]              
Property and equipment, useful life   3 years          
Minimum | Model Park Improvements and Furnishings [Member]              
Property and equipment, useful life   1 year          
Maximum | Office Furniture and Equipment [Member]              
Property and equipment, useful life   10 years          
Maximum | Software and Hardware [Member]              
Property and equipment, useful life   5 years          
Maximum | Model Park Improvements and Furnishings [Member]              
Property and equipment, useful life   5 years          
Financial Services [Member]              
Interest income on mortgage loans   $ 11,300 9,500 $ 8,000      
Interest Rate Lock Commitments [Member]              
Derivative, notional amount   285,000 210,900        
Forward Contracts [Member]              
Derivative, notional amount   511,000 522,000        
Whole Loan Commitments [Member]              
Derivative, notional amount   $ 187,800 $ 203,100        
JW Homes (Wieland) [Member] | JW Homes (Wieland) [Member]              
Number of Units in Real Estate Property | lot             317
JW Homes (Wieland) [Member]              
Business Combination, Consideration Transferred $ 430,500            
Number of Units in Real Estate Property | lot             7,000
Goodwill             $ 40,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net             $ 18,000
JW Homes (Wieland) [Member] | JW Homes (Wieland) [Member]              
Number of Units in Real Estate Property | home             375
JW Homes (Wieland) [Member] | Land Option Contracts [Member]              
Number of Units in Real Estate Property | lot             1,300
Restricted stock [Member]              
Share-based compensation vesting period   3 years          
Land Sales [Member]              
Revenue from Contract with Customer, Excluding Assessed Tax   $ 31,400          
Pro Forma [Member] | Accounting Standards Update 2016-02 [Member]              
Operating Lease, Liability         $ 80,000    
XML 49 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Other Expense (Income), Net) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Jun. 30, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Other expense (income), net [Line Items]          
Impairment Losses Related to Real Estate Partnerships   $ 8,000 $ 0 $ 8,017 $ 0
Write-off of deposits and pre-acquisition costs $ (9,600)   (16,992) (11,367) (17,157)
Interest Expense     (618) (503) (686)
Amortization of intangible assets     (13,800) (13,800) (13,800)
Equity in (earnings) loss of unconsolidated entities     2,690 (1,985) 8,337
Interest expense     (7,593) (2,537) (3,236)
Miscellaneous, net     (7,518) (5,540) (25,155)
Other expense, net     13,849 32,387 56,868
Charges related to contractual dispute         15,000
Home Building [Member]          
Other expense (income), net [Line Items]          
Lease exit and related costs     $ (240) $ (1,729) $ (11,643)
XML 50 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnings Per Share) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Numerator:                      
Net income $ 237,649 $ 289,535 $ 324,089 $ 170,751 $ 77,415 $ 177,539 $ 100,749 $ 91,518 $ 1,022,023 $ 447,221 $ 602,703
Less: earnings distributed to participating securities                 (1,208) (1,192) (1,100)
Less: undistributed earnings allocated to participating securities                 (9,984) (3,380) (3,622)
Numerator for basic earnings per share                 1,010,831 442,649 597,981
Add back: undistributed earnings allocated to participating securities                 9,984 3,380 3,622
Less: undistributed earnings reallocated to participating securities                 (9,939) (3,361) (3,602)
Numerator for diluted earnings per share                 $ 1,010,876 $ 442,668 $ 598,001
Denominator:                      
Basic shares outstanding (shares) 278,964 283,489 285,276 286,683 292,174 298,538 312,315 317,756 283,578 305,089 339,747
Effect of dilutive securities (shares) 1,248 1,183 1,378 1,343 1,318 1,690 1,565 2,329 1,287 1,725 2,376
Diluted shares outstanding (shares) 280,212 284,672 286,654 288,026 293,492 300,228 313,880 320,085 284,865 306,814 342,123
Earnings per share:                      
Basic (usd per share) $ 0.84 $ 1.01 $ 1.12 $ 0.59 $ 0.26 $ 0.59 $ 0.32 $ 0.29 $ 3.56 $ 1.45 $ 1.76
Diluted (usd per share) $ 0.84 $ 1.01 $ 1.12 $ 0.59 $ 0.26 $ 0.58 $ 0.32 $ 0.28 $ 3.55 $ 1.44 $ 1.75
XML 51 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Schedule Of The Company's Interests In Land Option Agreements) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Land under option agreement [Line Items]    
Deposits and Pre-acquisition Costs $ 218,568 $ 207,987
Remaining Purchase Price 2,602,410 2,462,579
Other Land Option Agreements Member    
Land under option agreement [Line Items]    
Deposits and Pre-acquisition Costs 127,851 129,098
Remaining Purchase Price 1,522,903 1,485,099
Consolidated and Unconsolidated VIEs [Member]    
Land under option agreement [Line Items]    
Deposits and Pre-acquisition Costs 90,717 78,889
Remaining Purchase Price $ 1,079,507 $ 977,480
XML 52 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Fair Value Of the Company's Derivative Instruments) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Other Assets $ 9,904 $ 7,216
Other Liabilities 8,501 2,165
Interest Rate Lock Commitments [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Other Assets 9,196 5,990
Other Liabilities 161 407
Forward Contracts [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Other Assets 315 432
Other Liabilities 7,229 817
Whole Loan Commitments [Member]    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Other Assets 393 794
Other Liabilities $ 1,111 $ 941
XML 53 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory And Land Held For Sale (Major Components Of Inventory) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Inventory Disclosure [Abstract]      
Homes under construction $ 2,630,158 $ 2,421,405 $ 1,921,259
Land under development 4,129,225 4,135,814 4,072,109
Raw land 493,970 589,911 777,287
House and land inventory $ 7,253,353 $ 7,147,130 $ 6,770,655
XML 54 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory And Land Held For Sale (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]      
Interest in inventory, beginning of period $ 226,611 $ 186,097 $ 149,498
Interest capitalized 172,809 181,719 160,506
Interest expensed (171,925) (141,205) (123,907)
Interest in inventory, end of period $ 227,495 $ 226,611 $ 186,097
XML 55 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory And Land Held For Sale Inventory and Land Held for Sale (Land-related Charges) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Jun. 30, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Land impairments     $ 70,965 $ 88,952 $ 1,074
Net realizable value adjustments (NRV) - land held for sale   $ 81,000 11,489 83,576 1,105
Impairment Losses Related to Real Estate Partnerships   $ 8,000 0 8,017 0
Write-off of deposits and pre-acquisition costs $ 9,600   16,992 11,367 17,157
Total land-related charges     $ 99,446 $ 191,912 $ 19,336
XML 56 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory And Land Held For Sale (Land Held For Sale) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Inventory Disclosure [Abstract]    
Land held for sale, gross $ 40,037 $ 142,070
Net realizable value reserves (3,188) (73,686)
Land held for sale, net $ 36,849 $ 68,384
XML 57 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory And Land Held For Sale (Narrative) (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Jun. 30, 2017
USD ($)
inactive_community
inacitve_lot
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Inventory Disclosure [Abstract]        
Number of communities | inactive_community 17      
Number of lots | inacitve_lot 4,600      
Net Realizable Value Adjustments Land Held For Sale Total - land held for sale $ (81,000) $ (11,489) $ (83,576) $ (1,105)
Carrying value of land parcels 151,000      
Inventory adjustments NRV     2,600  
Inventory [Line Items]        
Land impairments   $ 70,965 88,952 $ 1,074
Impaired Community        
Inventory [Line Items]        
Entitlement period sought   10 years    
Land impairments   $ 59,200    
All Other Communities        
Inventory [Line Items]        
Land impairments   $ 11,800 4,500  
May 2017 Strategic Review Communities [Member]        
Inventory [Line Items]        
Land impairments $ 31,500      
Large Project Impairment [Member]        
Inventory [Line Items]        
Land impairments     $ 53,000  
XML 58 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory And Land Held For Sale (Quantitative Information for Fair Value of Impairment Charges) (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
USD ($)
impaired_community
Dec. 31, 2017
USD ($)
impaired_community
Dec. 31, 2016
USD ($)
impaired_community
Jun. 30, 2017
USD ($)
inactive_community
Inventory [Line Items]        
Number of communities | inactive_community       17
Fair Value of Communities Impaired, Net of Impairment Charges       $ 151,000
Impairment charges $ 70,965 $ 88,952 $ 1,074  
Impaired Inventory        
Inventory [Line Items]        
Number of communities | impaired_community 8 9 2  
Fair Value of Communities Impaired, Net of Impairment Charges $ 24,062 $ 19,252 $ 8,920  
Impairment charges 70,965 88,952 $ 1,074  
Discount Rate | Impaired Inventory        
Inventory [Line Items]        
Measurement input     0.12  
Maximum | Impaired Inventory        
Inventory [Line Items]        
Average selling price $ 586 $ 818 $ 563  
Maximum | Quarterly Sales Pace (Homes) | Impaired Inventory        
Inventory [Line Items]        
Measurement input 11 11 5  
Maximum | Discount Rate | Impaired Inventory        
Inventory [Line Items]        
Measurement input 0.22 0.25    
Minimum | Impaired Inventory        
Inventory [Line Items]        
Average selling price $ 287 $ 207 $ 109  
Minimum | Quarterly Sales Pace (Homes) | Impaired Inventory        
Inventory [Line Items]        
Measurement input 2 1 3  
Minimum | Discount Rate | Impaired Inventory        
Inventory [Line Items]        
Measurement input 0.12 0.12    
XML 59 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information Narrative (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
USD ($)
segment
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Segment Reporting Information      
Revenue from Contract with Customer, Excluding Assessed Tax $ 10,188,331 $ 8,577,686 $ 7,676,530
Number of reportable segments | segment 6    
Detached single-family homes [Member]      
Segment Reporting Information      
Revenue from Contract with Customer, Excluding Assessed Tax $ 8,200,000 7,300,000 6,500,000
Attached homes [Member]      
Segment Reporting Information      
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,600,000 $ 1,100,000 $ 1,000,000
XML 60 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Operating Data By Segment) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 $ 10,188,331 $ 8,577,686 $ 7,676,530
Total land-related charges                 99,446 191,912 19,336
Impairment Losses Related to Real Estate Partnerships             $ 8,000   0 8,017 0
Revenues:                      
Consolidated revenues $ 2,999,150 $ 2,649,366 $ 2,569,722 $ 1,970,093 $ 2,794,890 $ 2,131,058 2,021,859 $ 1,629,878      
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes 329,491 384,688 409,170 224,191 408,767 268,249 122,547 139,265 1,347,540 938,828 933,850
Homebuilding 324,938 365,055 388,453 210,358 385,508 250,463 103,599 125,762 1,288,804 865,332 860,766
Charges related to contractual dispute                     15,000
Write-off of insurance receivables         9,300 5,300   15,000      
Loss on debt retirements                 0 0 657
Adjustment to self insurance reserves     37,900   (75,300)   (19,800)   (35,873) (97,789) (57,132)
Reserves provided 16,200               16,130 (50) 506
Northeast [Member]                      
Segment Reporting Information                      
Total land-related charges                 74,488 51,362 2,079
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes                 29,629 21,190 81,991
Southeast [Member]                      
Segment Reporting Information                      
Total land-related charges                 8,140 55,689 3,089
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes                 202,639 122,532 145,011
Florida [Member]                      
Segment Reporting Information                      
Total land-related charges                 1,166 9,702 715
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes                 289,418 208,825 205,049
Product Warranty Expense                   12,400  
Texas [Member]                      
Segment Reporting Information                      
Total land-related charges                 1,204 2,521 515
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes                 193,946 182,862 152,355
Midwest [Member]                      
Segment Reporting Information                      
Total land-related charges                 7,361 8,917 3,383
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes                 179,568 178,231 120,159
West [Member]                      
Segment Reporting Information                      
Total land-related charges                 5,159 56,995 8,960
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes                 511,828 229,504 225,771
Other Homebuilding [Member]                      
Segment Reporting Information                      
Total land-related charges                 1,928 6,726 595
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes                 (118,224) (77,812) (69,570)
Write-off of insurance receivables                   29,600  
Financial Services [Member]                      
Income (loss) before income taxes:                      
Consolidated income (loss) before income taxes                 58,736 73,496 73,084
Home Office Relocation [Member]                      
Income (loss) before income taxes:                      
Costs associated with the relocation of corporate headquarters                     8,300
Land Sales [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 31,400    
Financial Service [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax 55,059 51,620 52,764 45,938 56,166 46,952 47,275 41,767 205,382 192,160 181,126
Total Homebuilding [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,944,091 $ 2,597,746 $ 2,516,958 $ 1,924,155 $ 2,738,724 $ 2,084,106 $ 1,974,584 $ 1,588,111 9,982,949 8,385,526 7,495,404
Total Homebuilding [Member] | Northeast [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 839,700 693,877 699,718
Total Homebuilding [Member] | Southeast [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 1,746,161 1,564,116 1,492,502
Total Homebuilding [Member] | Florida [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 1,944,170 1,494,389 1,285,890
Total Homebuilding [Member] | Texas [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 1,301,004 1,168,755 1,035,428
Total Homebuilding [Member] | Midwest [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 1,497,389 1,450,192 1,235,198
Total Homebuilding [Member] | West [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 2,654,525 $ 2,014,197 $ 1,746,668
California | Land Sales [Member] | West [Member]                      
Segment Reporting Information                      
Revenue from Contract with Customer, Excluding Assessed Tax                 $ 26,400    
XML 61 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Land-Related Charges By Segment) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information      
Total land-related charges $ 99,446 $ 191,912 $ 19,336
Northeast [Member]      
Segment Reporting Information      
Total land-related charges 74,488 51,362 2,079
Southeast [Member]      
Segment Reporting Information      
Total land-related charges 8,140 55,689 3,089
Florida [Member]      
Segment Reporting Information      
Total land-related charges 1,166 9,702 715
Texas [Member]      
Segment Reporting Information      
Total land-related charges 1,204 2,521 515
Midwest [Member]      
Segment Reporting Information      
Total land-related charges 7,361 8,917 3,383
West [Member]      
Segment Reporting Information      
Total land-related charges 5,159 56,995 8,960
Other Homebuilding [Member]      
Segment Reporting Information      
Total land-related charges $ 1,928 $ 6,726 $ 595
XML 62 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Depreciation and Amortization) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Depreciation and amortization:      
Depreciation and amortization $ 49,429 $ 50,998 $ 54,007
Northeast [Member]      
Depreciation and amortization:      
Depreciation and amortization 2,093 2,392 2,133
Southeast [Member]      
Depreciation and amortization:      
Depreciation and amortization 5,231 5,117 5,350
Florida [Member]      
Depreciation and amortization:      
Depreciation and amortization 4,893 4,883 4,955
Texas [Member]      
Depreciation and amortization:      
Depreciation and amortization 3,082 3,301 3,673
Midwest [Member]      
Depreciation and amortization:      
Depreciation and amortization 4,271 4,449 5,099
West [Member]      
Depreciation and amortization:      
Depreciation and amortization 6,758 5,828 6,739
Other Homebuilding [Member]      
Depreciation and amortization:      
Depreciation and amortization 18,908 21,326 22,467
Home Building [Member]      
Depreciation and amortization:      
Depreciation and amortization 45,236 47,296 50,416
Financial Services [Member]      
Depreciation and amortization:      
Depreciation and amortization $ 4,193 $ 3,702 $ 3,591
XML 63 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Equity in (earnings) loss of unconsolidated entities) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Equity in (earnings) loss of unconsolidated entities:      
Equity in earnings of unconsolidated entities $ (2,690) $ 1,985 $ (8,337)
XML 64 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Total Assets And Inventory By Reportable Segment) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information      
Homes under construction $ 2,630,158 $ 2,421,405 $ 1,921,259
Land under development 4,129,225 4,135,814 4,072,109
Raw land 493,970 589,911 777,287
House and land inventory 7,253,353 7,147,130 6,770,655
Total assets 10,172,976 9,686,649 10,178,200
Northeast [Member]      
Segment Reporting Information      
Homes under construction 268,900 234,413 175,253
Land under development 291,467 327,599 375,899
Raw land 52,245 73,574 135,447
House and land inventory 612,612 635,586 686,599
Total assets 704,515 791,511 798,369
Southeast [Member]      
Segment Reporting Information      
Homes under construction 443,140 433,411 354,047
Land under development 676,087 613,626 650,805
Raw land 90,332 121,238 148,793
House and land inventory 1,209,559 1,168,275 1,153,645
Total assets 1,347,427 1,287,992 1,243,188
Florida [Member]      
Segment Reporting Information      
Homes under construction 467,625 359,651 309,525
Land under development 892,669 876,856 683,376
Raw land 85,321 109,069 183,168
House and land inventory 1,445,615 1,345,576 1,176,069
Total assets 1,601,906 1,481,837 1,330,847
Texas [Member]      
Segment Reporting Information      
Homes under construction 284,405 251,613 219,606
Land under development 427,124 435,018 413,312
Raw land 98,415 87,392 74,750
House and land inventory 809,944 774,023 707,668
Total assets 881,629 859,847 793,917
Midwest [Member]      
Segment Reporting Information      
Homes under construction 314,442 299,896 256,649
Land under development 433,056 476,694 474,287
Raw land 29,908 28,482 50,302
House and land inventory 777,406 805,072 781,238
Total assets 849,596 877,282 851,457
West [Member]      
Segment Reporting Information      
Homes under construction 805,709 798,706 580,082
Land under development 1,131,841 1,137,940 1,226,190
Raw land 118,579 147,493 159,387
House and land inventory 2,056,129 2,084,139 1,965,659
Total assets 2,208,092 2,271,328 2,200,058
Other Homebuilding [Member]      
Segment Reporting Information      
Homes under construction 45,937 43,715 26,097
Land under development 276,981 268,081 248,240
Raw land 19,170 22,663 25,440
House and land inventory 342,088 334,459 299,777
Total assets 2,006,825 1,469,234 2,351,082
Home Building [Member]      
Segment Reporting Information      
Homes under construction 2,630,158 2,421,405 1,921,259
Land under development 4,129,225 4,135,814 4,072,109
Raw land 493,970 589,911 777,287
House and land inventory 7,253,353 7,147,130 6,770,655
Total assets 9,599,990 9,039,031 9,568,918
Financial Services [Member]      
Segment Reporting Information      
Total assets $ 572,986 $ 647,618 $ 609,282
XML 65 R51.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments In Unconsolidated Entities (Summary Schedule Of Joint Ventures) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]    
Investment in Joint Ventures with Limited recourse debt to Company $ 31,551 $ 37,063
Investments in joint ventures with debt non-recourse to Company 3,471 3,567
Investments in other active joint ventures 19,568 22,327
Total investments in unconsolidated entities 54,590 62,957
Joint Venture Debt Total 42,948 59,544
Company proportionate share of joint venture debt:    
Joint venture debt with limited recourse guaranties 21,059 28,157
Joint venture debt non-recourse to Company 217 700
Company's total proportionate share of joint venture debt $ 21,276 $ 28,857
XML 66 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments In Unconsolidated Entities (Narrative) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]      
Equity in earnings of unconsolidated entities $ (2,690) $ 1,985 $ (8,337)
Capital and earnings distributions received from unconsolidated entities 12,100 9,400 10,900
Payments to Acquire Interest in Subsidiaries and Affiliates (1,000) (23,000) $ (14,500)
Joint Venture Debt Total 42,948 $ 59,544  
Joint Venture Debt Company Proportionate Share Total $ 42,100    
Unconsolidated Joint Ventures [Member]      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Ownership Percentage 50.00%    
XML 67 R53.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Summary Of Company's Senior Notes) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Jul. 29, 2016
Jun. 01, 2016
Debt Instrument        
Senior note carrying value $ 2,986,753 $ 2,986,943    
Debt Issuance Costs, Net (13,247) (13,057)    
Other Notes Payable 41,313 20,024    
Notes payable 3,028,066 3,006,967    
Notes Payable, Fair Value Disclosure 2,899,143 3,263,774    
5.500% unsecured senior notes due March 2026 [Member] | Senior Notes [Member]        
Debt Instrument        
Senior note carrying value 700,000 700,000    
Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain] | Senior Notes [Member]        
Debt Instrument        
Senior note carrying value 600,000 600,000    
Debt instrument, interest rate, stated percentage     5.00%  
Unsecured Senior Notes 6.50% due May 2016 [Member]        
Debt Instrument        
Senior note carrying value       $ 465,200
Senior Notes [Member] | 5.500% unsecured senior notes due March 2026 [Member]        
Debt Instrument        
Debt instrument, interest rate, stated percentage     5.50%  
Senior Notes [Member] | 4.250% unsecured senior notes due March 2021 [Member]        
Debt Instrument        
Debt instrument, interest rate, stated percentage     4.25%  
4.250% unsecured senior notes due March 2021 [Member]        
Debt Instrument        
Senior note carrying value 700,000 700,000    
Unsecured Senior Notes 7.875% Due June 2032 [Member]        
Debt Instrument        
Senior note carrying value $ 300,000 $ 300,000    
Debt instrument, interest rate, stated percentage 7.875% 7.875%    
Debt instrument, maturity date, description June 2032 June 2032    
Unsecured Senior Notes 6.375% Due May 2033 [Member]        
Debt Instrument        
Senior note carrying value $ 400,000 $ 400,000    
Debt instrument, interest rate, stated percentage 6.375% 6.375%    
Debt instrument, maturity date, description May 2033 May 2033    
Unsecured Senior Notes 6.00% Due February 2035 [Member]        
Debt Instrument        
Senior note carrying value $ 300,000 $ 300,000    
Debt instrument, interest rate, stated percentage 6.00% 6.00%    
Debt instrument, maturity date, description February 2035 February 2035    
XML 68 R54.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Narrative) (Details) - USD ($)
 12 Months Ended
Dec. 31, 2018
Aug. 15, 2018
Dec. 31, 2017
Dec. 31, 2016
Jun. 22, 2018
Jul. 29, 2016
Jun. 01, 2016
Feb. 01, 2016
Debt Instrument                
Notes payable $ 2,986,753,000   $ 2,986,943,000          
Term loan 500,000,000.0              
Loss on debt retirements 0   0 $ 657,000        
Repayments of Long-term Debt 82,775,000   134,747,000 $ 986,919,000        
Other Notes Payable $ 41,313,000   20,024,000          
Debt Instrument, Term 3 years              
Letters of credit outstanding, amount $ 239,400,000   235,500,000          
Unused credit lines 760,600,000   764,500,000          
Financial Services debt $ 348,412,000   437,804,000          
Maximum                
Debt Instrument                
Debt instrument, interest rate, stated percentage 7.57%              
Unsecured Senior Notes 6.50% due May 2016 [Member]                
Debt Instrument                
Notes payable             $ 465,200,000  
Unsecured Letter Of Credit Facility [Member]                
Debt Instrument                
Letters of credit outstanding, amount $ 239,400,000   235,500,000          
Revolving Credit Facility [Member]                
Debt Instrument                
Short-term debt covenant description 500,000,000.0              
Line of Credit, Current $ 0              
Line of Credit Facility, Initiation Date Jun. 22, 2018              
Line of Credit Facility, Expiration Date Jun. 22, 2023              
Revolving Credit Facility Accordion Feature [Member]                
Debt Instrument                
Maximum borrowing capacity         $ 1,500,000,000      
Financial Services [Member]                
Debt Instrument                
Maximum borrowing capacity $ 520,000,000   475,000,000          
Unused credit lines 171,588,000   37,196,000          
Financial Services [Member] | Unsecured Letter Of Credit Facility [Member]                
Debt Instrument                
Line of Credit Facility, Expiration Date   Aug. 02, 2019            
Financial Services [Member] | Repurchase Agreement [Member]                
Debt Instrument                
Maximum borrowing capacity 520,000,000.0       $ 1,000,000,000.0      
Financial Services debt 348,400,000   437,800,000          
Financial Services [Member] | Repurchase Agreement [Member] | Minimum                
Debt Instrument                
Maximum borrowing capacity 240,000,000.0              
Financial Services [Member] | Repurchase Agreement [Member] | Maximum                
Debt Instrument                
Maximum borrowing capacity 400,000,000.0              
Senior Unsecured Notes February 2016 [Member] | Senior Notes [Member]                
Debt Instrument                
Debt Instrument, Face Amount               $ 1,000,000,000.0
4.250% unsecured senior notes due March 2021 [Member] | Senior Notes [Member]                
Debt Instrument                
Debt Instrument, Face Amount           $ 400,000,000.0   300,000,000.0
Debt instrument, interest rate, stated percentage           4.25%    
5.500% unsecured senior notes due March 2026 [Member] | Senior Notes [Member]                
Debt Instrument                
Debt Instrument, Face Amount               $ 700,000,000.0
Debt instrument, interest rate, stated percentage           5.50%    
Senior Unsecured Notes, Issued July 2016 [Member] | Senior Notes [Member]                
Debt Instrument                
Debt Instrument, Face Amount           $ 1,000,000,000.0    
Senior Notes [Member] | 5.500% unsecured senior notes due March 2026 [Member]                
Debt Instrument                
Notes payable 700,000,000   700,000,000          
Senior Notes [Member] | Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain]                
Debt Instrument                
Debt instrument, interest rate, stated percentage           5.00%    
Notes payable $ 600,000,000.0   $ 600,000,000          
XML 69 R55.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Aggregate Borrowing Information) (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Line of Credit Facility [Line Items]    
Unused credit lines $ 760,600,000 $ 764,500,000
Financial Services [Member]    
Line of Credit Facility [Line Items]    
Available credit lines 520,000,000 475,000,000
Unused credit lines $ 171,588,000 $ 37,196,000
Weighted-average interest rate 4.27% 3.55%
XML 70 R56.htm IDEA: XBRL DOCUMENT v3.10.0.1
Shareholders' Equity (Narrative) (Details) - USD ($)
shares in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Class of Stock [Line Items]      
Dividends declared $ (108,489,000) $ (110,046,000) $ (122,240,000)
Stock repurchases $ 302,473,000 $ 916,323,000 $ 603,206,000
Share repurchase plan [Member]      
Class of Stock [Line Items]      
Shares repurchased under authorized repurchase programs 10.9 35.4 30.9
Stock repurchases $ 294,559,000 $ 910,300,000 $ 600,000,000.0
Remaining value of stock repurchase programs authorization 299,900,000    
Shares withheld to pay taxes [Member]      
Class of Stock [Line Items]      
Stock repurchases $ 7,900,000 $ 6,000,000.0 $ 3,200,000
XML 71 R57.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Compensation Plans Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Maximum period stock options, appreciation rights, restricted stock, and restricted stock units can be granted 10 years    
Number of Years Stock Options are Exercisable After Grant Date 10 years    
Number of shares available for grant 24,400,000    
Long-term incentive plan liability $ 17.0 $ 14.0  
Stock options [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation vesting period 4 years    
Unrecognized stock compensation expense $ 0.0    
Aggregate instrinsic value of stock options exercised 11.7 31.1 $ 4.5
Intrinsic value of outstanding stock options $ 8.1    
Restricted stock [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation vesting period 3 years    
Restricted Stock Units (RSUs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Restricted stock units outstanding vested but not yet paid 129,115    
Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unrecognized stock compensation expense $ 19.0    
Restricted stock shares vested during period, total fair value $ 17.1 $ 15.0 $ 11.0
Weighted average period in which stock based compensation costs are expensed 2 years    
Field long-term compensation plan [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation vesting period 3 years    
Senior management long-term compensation plan [Member] [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock compensation plan price floor $ 5.00    
XML 72 R58.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Compensation Plans (Expense by plan type) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 28,290 $ 33,683 $ 22,228
Stock options [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 0 0 0
Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense 20,145 24,207 18,626
Long-term incentive plans [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation expense $ 8,145 $ 9,476 $ 3,602
XML 73 R59.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Compensation Plans (Stock Option Activity Rollforward) (Details) - Stock options [Member] - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Stock Option Activity [Roll Forward]      
Outstanding, beginning of year 1,168 3,623 6,040
Granted 0 0 0
Exercised (605) (2,353) (498)
Forfeited 0 (102) (1,919)
Outstanding, end of year 563 1,168 3,623
Options exercisable at year end 563 1,168 3,623
Weighted-average per share fair value of options granted during the year $ 0 $ 0 $ 0
Outstanding, weighted-average per share exercise price, beginning of year 11 12 19
Granted, weighted-average per share exercise price 0 0 0
Exercised, weighted-average per share exercise price 11 12 12
Forfeited, weighted-average per share exercise price 0 28 34
Options outstanding, weighted-average per share exercise price, end of year 12 11 12
Options exercisable at year end, weighted-average per share exercise price $ 12 $ 11 $ 12
XML 74 R60.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Compensation Plans (Weighted-average remaining contractual lives of stock options outstanding) (Details)
shares in Thousands
 12 Months Ended
Dec. 31, 2018
$ / shares
shares
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
Options outstanding - number outstanding | shares 563
Weighted average remaining contractual term 1 year 2 months 12 days
Options outstanding - weighted average per share exercise price $ 12
Options exercisable - number exercisable | shares 563
Options exercisable - weighted average per share exercise price $ 12
$0.01 to $10.00 [Member]  
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
Options outstanding - number outstanding | shares 71
Weighted average remaining contractual term 2 years 1 month 6 days
Options outstanding - weighted average per share exercise price $ 8
Options exercisable - number exercisable | shares 71
Options exercisable - weighted average per share exercise price $ 8
Exercise price range, lower range limit 0.01
Exercise price range, upper range limit $ 10.00
$10.01 to $20.00 [Member]  
Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
Options outstanding - number outstanding | shares 492
Weighted average remaining contractual term 9 months 18 days
Options outstanding - weighted average per share exercise price $ 12
Options exercisable - number exercisable | shares 492
Options exercisable - weighted average per share exercise price $ 12
Exercise price range, lower range limit 10.01
Exercise price range, upper range limit $ 20.00
XML 75 R61.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock Compensation Plans (Restricted Stock, RSUs and Performance Shares Activity Rollforward) (Details) - Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member] - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Restricted Stock, RSUs and Performance Shares Activity [Roll Forward]      
Outstanding, beginning of year 3,271 2,974 2,576
Granted 833 1,251 1,853
Vested (786) (775) (546)
Forfeited (244) (179) (909)
Outstanding, end of year 3,074 3,271 2,974
Vested, end of year 129 152 123
Outstanding, beginning of year, weighted-average per share grant date fair value $ 19 $ 19 $ 18
Granted, weighted-average per share grant date fair value 31 21 17
Vested, weighted-average per share grant date fair value 22 19 20
Forfeited, weighted-average per share grant date fair value 22 19 12
Outstanding, end of year, weighted-average per share grant date fair value 23 19 19
Vested, end of year, weighted-average per share grant date fair value $ 21 $ 17 $ 15
XML 76 R62.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Narrative) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Tax Contingency [Line Items]        
Provisional tax expense   $ 172,100    
Deferred Tax Assets, Operating Loss Carryforwards, Domestic $ 27,122 41,282    
Gross unrecognized tax benefits 30,554 48,604 $ 21,502 $ 38,992
Unrecognized Tax Benefits that Would Impact Effective Tax Rate 19,700 23,400    
Unrecognized tax benefits, income tax penalties and interest accrued 5,800 $ 4,900    
Possible decrease in unrecognized tax benefits $ 16,600      
Maximum        
Income Tax Contingency [Line Items]        
IncomeTaxNetOperatingLossCarryforwardPeriod 20 years      
2019 - 2023 [Member] | State and Local Jurisdiction [Member]        
Income Tax Contingency [Line Items]        
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration $ 32,600      
2024 - Thereafter [Member] | State and Local Jurisdiction [Member]        
Income Tax Contingency [Line Items]        
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration $ 196,400      
Accounting Standards Update 2016-09 [Member]        
Income Tax Contingency [Line Items]        
Cumulative Effect of New Accounting Principle in Period of Adoption     $ 18,600  
XML 77 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes Components of current and deferred income tax expense (benefit) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Current provision (benefit)                      
Federal                 $ (44,462) $ 81,101 $ 9,464
State and other                 7,202 (11,801) (13,104)
Current Income Tax Expense (Benefit)                 (37,260) 69,300 (3,640)
Deferred provision (benefit)                      
Federal                 271,544 444,695 312,288
State and other                 91,233 (22,388) 22,499
Deferred Income Tax Expense (Benefit)                 362,777 422,307 334,787
Income tax expense (benefit) $ 91,842 $ 95,153 $ 85,081 $ 53,440 $ 331,352 $ 90,710 $ 21,798 $ 47,747 $ 325,517 $ 491,607 $ 331,147
XML 78 R64.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes Reconciliation of statutory federal income tax rate to effective income tax rate (Details)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Tax Disclosure [Abstract]      
Income taxes at federal statutory rate 21.00% 35.00% 35.00%
Effect of state and local income taxes, net of federal tax 4.00% 3.10% 3.30%
Tax accounting method change (2.50%) 0.00% 0.00%
Changes in tax laws, including the Tax Act 1.00% 18.30% 0.50%
Deferred tax asset valuation allowance 0.90% (1.10%) (2.20%)
Tax contingencies 0.10% (1.00%) (1.30%)
Other (0.30%) (1.90%) 0.20%
Effective rate 24.20% 52.40% 35.50%
XML 79 R65.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes Net deferred tax asset (liability) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Deferred Tax Assets [Abstract]    
Deferred Tax Assets, Tax Deferred Expense, Other $ 117,682 $ 117,133
Non-deductible reserves and other 60,585 78,271
Inventory valuation reserves 132,495 202,791
NOL carryforwards:    
Federal 27,122 41,282
State 228,959 248,224
Alternative minimum tax credits 2,546 54,965
Energy credit and charitable contribution carryforward 5,146 41,763
Deferred Tax Assets, Gross 574,535 784,429
Deferred Tax Liabilities [Abstract]    
Capitalized items, including real estate basis differences, deducted for tax, net (1,038) (17,895)
Deferred Tax Liability, deferral of profit on home sales (188,628) (34,769)
Trademarks and tradenames (16,701) (17,860)
Deferred Tax Liabilities, Gross (206,367) (70,524)
Valuation allowance (92,589) (68,610)
Net deferred tax asset (liability) $ 275,579 $ 645,295
XML 80 R66.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes Reconciliation of the change in unrecognized tax benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Reconciliation of the change in unrecognized tax benefits [Roll Forward]      
Unrecognized Tax Benefits, beginning of period $ 48,604 $ 21,502 $ 38,992
Increases related to tax positions taken during a prior period 5,389 20,555 224
Decreases related to tax positions taken during a prior period (31,850) (9,665) (13,218)
Increases related to tax positions taken during the current period 8,411 18,895 114
Decreases related to settlements with taxing authorities 0 0 (707)
Reductions as a result of a lapse of the statute of limitations 0 (2,683) (3,903)
Unrecognized Tax Benefits, end of period $ 30,554 $ 48,604 $ 21,502
XML 81 R67.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Disclosures Fair Value Disclosures (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Disclosed at fair value:    
Other Notes Payable $ 41,313 $ 20,024
Debt Instrument, Fair Value Disclosure 2,857,830 3,243,750
Fair Value, Inputs, Level 1 [Member]    
Disclosed at fair value:    
Cash and equivalents (including restricted cash), fair value 1,133,700 306,168
Fair Value, Inputs, Level 2 [Member]    
Disclosed at fair value:    
Financial Services debt, fair value 348,412 437,804
Land [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Measured at fair value on a recurring basis:    
Assets, Fair Value Disclosure 18,253 11,045
Residential Mortgage [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Measured at fair value on a recurring basis:    
Assets, Fair Value Disclosure 461,354 570,600
Interest Rate Lock Commitments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Measured at fair value on a recurring basis:    
Assets, Fair Value Disclosure 9,035 5,583
Forward Contracts [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Measured at fair value on a recurring basis:    
Financial and Nonfinancial Liabilities, Fair Value Disclosure 6,914 (385)
Whole Loan Commitments [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Measured at fair value on a recurring basis:    
Financial and Nonfinancial Liabilities, Fair Value Disclosure 718 (147)
Land Held For Sale [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Measured at fair value on a recurring basis:    
Assets, Fair Value Disclosure $ 17,813 $ 8,600
XML 82 R68.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Disclosures Fair Value Disclosures (Narrative) (Details) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Fair Value Disclosures [Abstract]    
Notes payable $ 3,028,066 $ 3,006,967
XML 83 R69.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Assets and Accrued and Other Liabilities (Other Assets) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Other Assets and Accrued and Other Liabilities [Abstract]    
Insurance Settlements Receivable $ 152,987 $ 213,407
Notes receivable 13,850 16,768
Other receivables 122,469 76,309
Accounts and notes receivable 289,306 306,484
Prepaid expenses 131,523 116,912
Deposits and pre-acquisition Costs 218,568 207,987
Property and equipment, net 92,935 70,706
Income taxes receivable 58,090 6,964
Other 39,937 36,070
Other Assets $ 830,359 $ 745,123
XML 84 R70.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Assets and Accrued and Other Liabilities (Other Liabilities) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Other Assets and Accrued and Other Liabilities [Abstract]        
Self-insurance liabilities $ 737,013 $ 758,812 $ 831,058 $ 924,563
Compensation-related 161,068 134,008    
Warranty 79,154 72,709 66,134 61,179
Accrued interest 52,521 50,620    
Loan origination liabilities 50,282 34,641 $ 35,114 $ 46,381
Other 280,445 305,543    
Accrued and other liabilities $ 1,360,483 $ 1,356,333    
XML 85 R71.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments And Contingencies (Narrative) (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 17, 2018
USD ($)
transaction
Dec. 31, 2018
USD ($)
claim
Jun. 30, 2018
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2018
USD ($)
claim
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Loss Contingencies [Line Items]                      
Insurance Settlements Receivable   $ 152,987   $ 213,407       $ 152,987 $ 213,407    
Write-off of insurance receivables       9,300 $ 5,300   $ 15,000        
Operating lease rent expense               33,600 30,800 $ 33,000  
Letters of credit outstanding, amount   239,400   235,500       239,400 235,500    
Surety Bonds Outstanding   $ 1,300,000   1,200,000       $ 1,300,000 1,200,000    
Charges related to contractual dispute                   15,000  
Maximum product warranty in years               10 years      
Loss Contingency, Pending Claims, Number | claim   1,000           1,000      
Self-insurance liabilities   $ 737,013   758,812       $ 737,013 758,812 831,058 $ 924,563
Incurred but not reported percentage of liability reserves   65.00%           65.00%      
Adjustment to self insurance reserves     $ 37,900 $ (75,300)   $ (19,800)   $ (35,873) (97,789) (57,132)  
Reserves provided   $ 16,200           $ 16,130 (50) $ 506  
Florida [Member]                      
Loss Contingencies [Line Items]                      
Product Warranty Expense                 $ 12,400    
CTX Mortgage Company LLC [Member] | Lehman Complaint [Member]                      
Loss Contingencies [Line Items]                      
Damages sought, value $ 261,000                    
RMBS Transactions - Alleged Violations [Member] | CTX Mortgage Company LLC [Member] | Lehman Complaint [Member]                      
Loss Contingencies [Line Items]                      
Loss Contingency, Number Of Transactions | transaction 2                    
RMBS Transactions - Similar Indemnity Provisions [Member] | CTX Mortgage Company LLC [Member] | Lehman Complaint [Member]                      
Loss Contingencies [Line Items]                      
Loss Contingency, Number Of Transactions | transaction 6                    
XML 86 R72.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies Commitments And Contingencies (Future minimum operating lease payments) (Details)
$ in Thousands
Dec. 31, 2018
USD ($)
Years Ending December 31,  
Future minimum lease payments - 2019 $ 24,806
Future minimum lease payments - 2020 19,407
Future minimum lease payments - 2021 16,146
Future minimum lease payments - 2022 14,469
Future minimum lease payments - 2023 12,800
Future minimum lease payments - Thereafter 25,868
Future minimum lease payments - Total $ 113,496
XML 87 R73.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments And Contingencies (Changes To Anticipated Loan Losses) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Changes in loan origination liability [Roll Forward]        
Liabilities, beginning of period   $ 34,641 $ 35,114 $ 46,381
Reserves provided (released), net $ (16,200) (16,130) 50 (506)
Payments   (489) (423) (11,773)
Liabilities, end of period $ 50,282 $ 50,282 $ 34,641 $ 35,114
XML 88 R74.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments And Contingencies (Changes To Warranty Liability) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Changes to warranty liabilities [Roll Forward]      
Warranty liabilities, beginning of period $ 72,709 $ 66,134 $ 61,179
Warranty reserves provided 65,567 50,014 67,169
Payments (64,525) (58,780) (55,892)
Other adjustments 5,403 15,341 (6,322)
Warranty liabilities, end of period $ 79,154 $ 72,709 $ 66,134
XML 89 R75.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments And Contingencies (Changes in Self-insurance Liability) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]                
Write-off of insurance receivables   $ 9,300 $ 5,300   $ 15,000      
Litigation of Recorded Insurance Receivable           $ 25,000    
Insurance Settlements Receivable   213,407       152,987 $ 213,407  
Insurance Related Expenses [Roll Forward]                
Balance, beginning of period         $ 831,058 758,812 831,058 $ 924,563
Reserves provided           93,156 98,176 97,916
Adjustment to self insurance reserves $ 37,900 (75,300)   $ (19,800)   (35,873) (97,789) (57,132)
Payments           (79,082) (72,633) (134,289)
Balance, end of period   $ 758,812       $ 737,013 $ 758,812 $ 831,058
XML 90 R76.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information (Balance Sheet) (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
ASSETS        
Cash and equivalents $ 1,110,088 $ 272,683    
Restricted cash 23,612 33,485    
Total cash, cash equivalents, and restricted cash 1,133,700 306,168 $ 723,248 $ 775,435
House and land inventory 7,253,353 7,147,130 6,770,655  
Land held for sale 36,849 68,384    
Residential mortgage loans available-for-sale 461,354 570,600    
Investments in unconsolidated entities 54,590 62,957    
Other assets 830,359 745,123    
Intangible assets 127,192 140,992    
Deferred tax assets, net 275,579 645,295    
Investments in subsidiaries and intercompany accounts, net 0 0    
Total assets 10,172,976 9,686,649 10,178,200  
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 1,967,136 2,000,927    
Income tax liabilities 11,580 86,925    
Financial Services debt 348,412 437,804    
Notes payable 3,028,066 3,006,967    
Total liabilities 5,355,194 5,532,623    
Total shareholders’ equity 4,817,782 4,154,026 4,659,363 4,759,325
Total liabilities and shareholders' equity 10,172,976 9,686,649    
Parent Company [Member]        
ASSETS        
Cash and equivalents 0 0    
Restricted cash 0 0    
Total cash, cash equivalents, and restricted cash 0 0 0 0
House and land inventory 0 0    
Land held for sale 0 0    
Residential mortgage loans available-for-sale 0 0    
Investments in unconsolidated entities 0 0    
Other assets 66,154 9,417    
Intangible assets 0 0    
Deferred tax assets, net 282,874 646,227    
Investments in subsidiaries and intercompany accounts, net 7,557,245 6,661,638    
Total assets 7,906,273 7,317,282    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 90,158 89,388    
Income tax liabilities 11,580 86,925    
Financial Services debt 0 0    
Notes payable 2,986,753 2,986,943    
Total liabilities 3,088,491 3,163,256    
Total shareholders’ equity 4,817,782 4,154,026    
Total liabilities and shareholders' equity 7,906,273 7,317,282    
Guarantor Subsidiaries [Member]        
ASSETS        
Cash and equivalents 906,961 125,462    
Restricted cash 22,406 32,339    
Total cash, cash equivalents, and restricted cash 929,367 157,801 611,185 658,876
House and land inventory 7,157,665 7,053,087    
Land held for sale 36,849 68,384    
Residential mortgage loans available-for-sale 0 0    
Investments in unconsolidated entities 54,045 62,415    
Other assets 579,452 592,045    
Intangible assets 127,192 140,992    
Deferred tax assets, net 0 0    
Investments in subsidiaries and intercompany accounts, net 500,138 284,983    
Total assets 9,384,708 8,359,707    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 1,598,265 1,636,913    
Income tax liabilities 0 0    
Financial Services debt 0 0    
Notes payable 40,776 16,911    
Total liabilities 1,639,041 1,653,824    
Total shareholders’ equity 7,745,667 6,705,883    
Total liabilities and shareholders' equity 9,384,708 8,359,707    
Non-Guarantor Subsidiaries [Member]        
ASSETS        
Cash and equivalents 203,127 147,221    
Restricted cash 1,206 1,146    
Total cash, cash equivalents, and restricted cash 204,333 148,367 112,063 116,559
House and land inventory 95,688 94,043    
Land held for sale 0 0    
Residential mortgage loans available-for-sale 461,354 570,600    
Investments in unconsolidated entities 545 542    
Other assets 184,753 143,661    
Intangible assets 0 0    
Deferred tax liability, net (7,295) (932)    
Investments in subsidiaries and intercompany accounts, net 8,231,342 7,300,127    
Total assets 9,170,720 8,256,408    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 278,713 274,626    
Income tax liabilities 0 0    
Financial Services debt 348,412 437,804    
Notes payable 537 3,113    
Total liabilities 627,662 715,543    
Total shareholders’ equity 8,543,058 7,540,865    
Total liabilities and shareholders' equity 9,170,720 8,256,408    
Eliminating Entries [Member]        
ASSETS        
Cash and equivalents 0 0    
Restricted cash 0 0    
Total cash, cash equivalents, and restricted cash 0 0 $ 0 $ 0
House and land inventory 0 0    
Land held for sale 0 0    
Residential mortgage loans available-for-sale 0 0    
Investments in unconsolidated entities 0 0    
Other assets 0 0    
Intangible assets 0 0    
Deferred tax assets, net 0 0    
Investments in subsidiaries and intercompany accounts, net (16,288,725) (14,246,748)    
Total assets (16,288,725) (14,246,748)    
Liabilities:        
Accounts payable, customer deposits, accrued and other liabilities 0 0    
Income tax liabilities 0 0    
Financial Services debt 0 0    
Notes payable 0 0    
Total liabilities 0 0    
Total shareholders’ equity (16,288,725) (14,246,748)    
Total liabilities and shareholders' equity $ (16,288,725) $ (14,246,748)    
XML 91 R77.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information (Statement Of Operations and Comprehensive Income (Loss)) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 $ 10,188,331 $ 8,577,686 $ 7,676,530
Selling, general, and administrative expenses                 (1,012,023) (891,581) (957,150)
Other expense, net                 (13,849) (32,387) (56,868)
Intercompany interest                 0 0 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries                 1,347,540 938,828 933,850
Income tax expense $ (91,842) $ (95,153) $ (85,081) $ (53,440) $ (331,352) $ (90,710) $ (21,798) $ (47,747) (325,517) (491,607) (331,147)
Income (loss) before equity in income (loss) of subsidiaries                 1,022,023 447,221 602,703
Equity in income (loss) of subsidiaries                 0 0 0
Net income 237,649 289,535 324,089 170,751 77,415 177,539 100,749 91,518 1,022,023 447,221 602,703
Other comprehensive income (loss)                 100 81 83
Comprehensive income                 1,022,123 447,302 602,786
Parent Company [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Cost of Goods and Services Sold                     0
Selling, general, and administrative expenses                 0 0 0
Other expense, net                 (580) (482) (1,321)
Intercompany interest                 (7,835) (2,485) (1,980)
Income (loss) before income taxes and equity in income (loss) of subsidiaries                 (8,415) (2,967) (3,301)
Income tax expense                 2,104 1,127 1,254
Income (loss) before equity in income (loss) of subsidiaries                 (6,311) (1,840) (2,047)
Equity in income (loss) of subsidiaries                 1,028,334 449,061 604,750
Net income                 1,022,023 447,221 602,703
Other comprehensive income (loss)                 100 81 83
Comprehensive income                 1,022,123 447,302 602,786
Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 9,856,715 8,287,103 7,469,399
Cost of Goods and Services Sold                     5,566,653
Selling, general, and administrative expenses                 (974,858) (785,266) (907,748)
Other expense, net                 (53,765) (63,050) (77,389)
Intercompany interest                 0 0 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries                 1,253,170 921,730 886,920
Income tax expense                 (304,218) (483,435) (312,486)
Income (loss) before equity in income (loss) of subsidiaries                 948,952 438,295 574,434
Equity in income (loss) of subsidiaries                 73,097 58,559 58,078
Net income                 1,022,049 496,854 632,512
Other comprehensive income (loss)                 0 0 0
Comprehensive income                 1,022,049 496,854 632,512
Non-Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 331,616 290,583 207,131
Cost of Goods and Services Sold                     21,321
Selling, general, and administrative expenses                 (37,165) (106,315) (49,402)
Other expense, net                 40,496 31,145 21,842
Intercompany interest                 7,835 2,485 1,980
Income (loss) before income taxes and equity in income (loss) of subsidiaries                 102,785 20,065 50,231
Income tax expense                 (23,403) (9,299) (19,915)
Income (loss) before equity in income (loss) of subsidiaries                 79,382 10,766 30,316
Equity in income (loss) of subsidiaries                 782,948 226,864 457,716
Net income                 862,330 237,630 488,032
Other comprehensive income (loss)                 0 0 0
Comprehensive income                 862,330 237,630 488,032
Total Homebuilding [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax 2,944,091 2,597,746 2,516,958 1,924,155 2,738,724 2,084,106 1,974,584 1,588,111 9,982,949 8,385,526 7,495,404
Homebuilding Cost of Revenues:                      
Cost of Revenue 2,319,473 1,976,220 1,900,316 1,471,488 2,147,431 1,589,728 1,637,536 1,220,906 7,667,497 6,595,601 5,620,089
Total Homebuilding [Member] | Parent Company [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Homebuilding Cost of Revenues:                      
Cost of Revenue                 0 0 0
Total Homebuilding [Member] | Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 9,856,715 8,287,103 7,469,399
Homebuilding Cost of Revenues:                      
Cost of Revenue                 7,574,359 6,516,530 5,596,809
Total Homebuilding [Member] | Non-Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 126,234 98,423 26,005
Homebuilding Cost of Revenues:                      
Cost of Revenue                 93,138 79,071 23,280
Home Building [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 9,818,445 8,323,984 7,451,315
Cost of Goods and Services Sold                 7,540,937 6,461,152 5,587,974
Home Building [Member] | Parent Company [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Cost of Goods and Services Sold                 0 0  
Home Building [Member] | Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 9,694,703 8,229,392 7,427,757
Cost of Goods and Services Sold                 7,449,343 6,385,167  
Home Building [Member] | Non-Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 123,742 94,592 23,558
Cost of Goods and Services Sold                 91,594 75,985  
Land [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 164,504 61,542 44,089
Cost of Goods and Services Sold                 126,560 134,449 32,115
Land [Member] | Parent Company [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Cost of Goods and Services Sold                 0 0 0
Land [Member] | Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 162,012 57,711 41,642
Cost of Goods and Services Sold                 125,016 131,363 30,156
Land [Member] | Non-Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 2,492 3,831 2,447
Cost of Goods and Services Sold                 1,544 3,086 1,959
Financial Service [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax $ 55,059 $ 51,620 $ 52,764 $ 45,938 $ 56,166 $ 46,952 $ 47,275 $ 41,767 205,382 192,160 181,126
Homebuilding Cost of Revenues:                      
Cost of Revenue                 147,422 119,289 108,573
Financial Service [Member] | Parent Company [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Homebuilding Cost of Revenues:                      
Cost of Revenue                 0 0 0
Financial Service [Member] | Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Homebuilding Cost of Revenues:                      
Cost of Revenue                 563 527 533
Financial Service [Member] | Non-Guarantor Subsidiaries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 205,382 192,160 181,126
Homebuilding Cost of Revenues:                      
Cost of Revenue                 146,859 118,762 108,040
Eliminating Entries [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Cost of Goods and Services Sold                     0
Selling, general, and administrative expenses                 0 0 0
Other expense, net                 0 0 0
Intercompany interest                 0 0 0
Income (loss) before income taxes and equity in income (loss) of subsidiaries                 0 0 0
Income tax expense                 0 0 0
Income (loss) before equity in income (loss) of subsidiaries                 0 0 0
Equity in income (loss) of subsidiaries                 (1,884,379) (734,484) (1,120,544)
Net income                 (1,884,379) (734,484) (1,120,544)
Other comprehensive income (loss)                 0 0 0
Comprehensive income                 (1,884,379) (734,484) (1,120,544)
Eliminating Entries [Member] | Total Homebuilding [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Homebuilding Cost of Revenues:                      
Cost of Revenue                 0 0 0
Eliminating Entries [Member] | Home Building [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Cost of Goods and Services Sold                 0 0  
Eliminating Entries [Member] | Land [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Cost of Goods and Services Sold                 0 0 0
Eliminating Entries [Member] | Financial Service [Member]                      
Revenues:                      
Revenue from Contract with Customer, Excluding Assessed Tax                 0 0 0
Homebuilding Cost of Revenues:                      
Cost of Revenue                 $ 0 $ 0 $ 0
XML 92 R78.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Guarantor Information (Statement Of Cash Flows) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net cash provided by (used in) operating activities $ 1,449,744 $ 663,077 $ 68,270
Cash flows from investing activities:      
Capital expenditures (59,039) (32,051) (39,295)
Investment in unconsolidated subsidiaries (1,000) (23,037) (14,539)
Cash used for business acquisition 0 0 (430,458)
Other investing activities, net 18,097 4,846 13,100
Net cash used in investing activities (41,942) (50,242) (471,192)
Cash flows from financing activities:      
Proceeds from debt, net of issuance costs   0 1,995,937
Payments of Debt Issuance Costs (8,164)    
Financial Services borrowings (repayments), net (89,393) 106,183 63,744
Repayments of debt (82,775) (134,747) (986,919)
Borrowings under revolving credit facility 1,566,000 2,720,000 619,000
Repayments under revolving credit facility (1,566,000) (2,720,000) (619,000)
Stock option exercises 6,555 27,720 5,845
Share repurchases (302,473) (916,323) (603,206)
Dividends paid (104,020) (112,748) (124,666)
Intercompany activities, net 0 0 0
Net cash provided by (used in) financing activities (580,270) (1,029,915) 350,735
Net increase (decrease) 827,532 (417,080) (52,187)
Cash, cash equivalents, and restricted cash at beginning of period 306,168 723,248 775,435
Cash, cash equivalents, and restricted cash at end of period 1,133,700 306,168 723,248
Parent Company [Member]      
Net cash provided by (used in) operating activities 494,518 309,757 256,722
Cash flows from investing activities:      
Capital expenditures 0 0 0
Investment in unconsolidated subsidiaries 0 0 0
Cash used for business acquisition     0
Other investing activities, net 0 0 0
Net cash used in investing activities 0 0 0
Cash flows from financing activities:      
Proceeds from debt, net of issuance costs   0 1,991,937
Payments of Debt Issuance Costs (8,164)    
Financial Services borrowings (repayments), net 0 0 0
Repayments of debt 0 (123,000) (965,245)
Borrowings under revolving credit facility 1,566,000 2,720,000 619,000
Repayments under revolving credit facility (1,566,000) (2,720,000) (619,000)
Stock option exercises 6,555 27,720 5,845
Share repurchases (302,473) (916,323) (603,206)
Dividends paid (104,020) (112,748) (124,666)
Intercompany activities, net (86,416) 814,594 (561,387)
Net cash provided by (used in) financing activities (494,518) (309,757) (256,722)
Net increase (decrease) 0 0 0
Cash, cash equivalents, and restricted cash at beginning of period 0 0 0
Cash, cash equivalents, and restricted cash at end of period 0 0 0
Guarantor Subsidiaries [Member]      
Net cash provided by (used in) operating activities 791,350 328,163 (102,054)
Cash flows from investing activities:      
Capital expenditures (51,147) (25,432) (36,297)
Investment in unconsolidated subsidiaries (1,000) (23,037) (14,539)
Cash used for business acquisition     (430,458)
Other investing activities, net 11,300 5,778 11,189
Net cash used in investing activities (40,847) (42,691) (470,105)
Cash flows from financing activities:      
Proceeds from debt, net of issuance costs   0 4,000
Payments of Debt Issuance Costs 0    
Financial Services borrowings (repayments), net 0 0 0
Repayments of debt (81,758) (10,301) (21,235)
Borrowings under revolving credit facility 0 0 0
Repayments under revolving credit facility 0 0 0
Stock option exercises 0 0 0
Share repurchases 0 0 0
Dividends paid 0 0 0
Intercompany activities, net 102,821 (728,555) 541,703
Net cash provided by (used in) financing activities 21,063 (738,856) 524,468
Net increase (decrease) 771,566 (453,384) (47,691)
Cash, cash equivalents, and restricted cash at beginning of period 157,801 611,185 658,876
Cash, cash equivalents, and restricted cash at end of period 929,367 157,801 611,185
Non-Guarantor Subsidiaries [Member]      
Net cash provided by (used in) operating activities 163,876 25,157 (86,398)
Cash flows from investing activities:      
Capital expenditures (7,892) (6,619) (2,998)
Investment in unconsolidated subsidiaries 0 0 0
Cash used for business acquisition     0
Other investing activities, net 6,797 (932) 1,911
Net cash used in investing activities (1,095) (7,551) (1,087)
Cash flows from financing activities:      
Proceeds from debt, net of issuance costs   0 0
Payments of Debt Issuance Costs 0    
Financial Services borrowings (repayments), net (89,393) 106,183 63,744
Repayments of debt (1,017) (1,446) (439)
Borrowings under revolving credit facility 0 0 0
Repayments under revolving credit facility 0 0 0
Stock option exercises 0 0 0
Share repurchases 0 0 0
Dividends paid 0 0 0
Intercompany activities, net (16,405) (86,039) 19,684
Net cash provided by (used in) financing activities (106,815) 18,698 82,989
Net increase (decrease) 55,966 36,304 (4,496)
Cash, cash equivalents, and restricted cash at beginning of period 148,367 112,063 116,559
Cash, cash equivalents, and restricted cash at end of period 204,333 148,367 112,063
Eliminating Entries [Member]      
Net cash provided by (used in) operating activities 0 0 0
Cash flows from investing activities:      
Capital expenditures 0 0 0
Investment in unconsolidated subsidiaries 0 0 0
Cash used for business acquisition     0
Other investing activities, net 0 0 0
Net cash used in investing activities 0 0 0
Cash flows from financing activities:      
Proceeds from debt, net of issuance costs   0 0
Payments of Debt Issuance Costs 0    
Financial Services borrowings (repayments), net 0 0 0
Repayments of debt 0 0 0
Borrowings under revolving credit facility 0 0 0
Repayments under revolving credit facility 0 0 0
Stock option exercises 0 0 0
Share repurchases 0 0 0
Dividends paid 0 0 0
Intercompany activities, net 0 0 0
Net cash provided by (used in) financing activities 0 0 0
Net increase (decrease) 0 0 0
Cash, cash equivalents, and restricted cash at beginning of period 0 0 0
Cash, cash equivalents, and restricted cash at end of period $ 0 $ 0 $ 0
XML 93 R79.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Results (Unaudited) (Narrative) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Jun. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Inventory adjustments NRV     $ 2,600         $ 2,600  
Net realizable value adjustments (NRV) - land held for sale         $ 81,000   $ 11,489 83,576 $ 1,105
Litigation Settlement, Expense                 15,000
Impairment Losses Related to Real Estate Partnerships         8,000   0 8,017 0
Write-off of insurance receivables     (9,300) $ (5,300)   $ (15,000)      
Loss on debt retirements             0 0 657
Adjustment to self insurance reserves   $ 37,900 (75,300)   (19,800)   (35,873) (97,789) (57,132)
Write-off of deposits and pre-acquisition costs $ 9,600           16,992 11,367 17,157
Reserves provided 16,200           $ 16,130 (50) 506
Home Office Relocation [Member]                  
Costs associated with the relocation of corporate headquarters                 $ 8,300
Florida [Member]                  
Product Warranty Expense               $ 12,400  
Land inventory impairments                  
Cost of Goods and Services Sold 66,900   $ 57,500   31,500        
NRV adjustments on land held for sale                  
Cost of Goods and Services Sold $ 9,000       $ 81,000        
XML 94 R80.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Results (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Homebuilding                      
Revenue from Contract with Customer, Excluding Assessed Tax                 $ 10,188,331 $ 8,577,686 $ 7,676,530
Income before income taxes $ 324,938 $ 365,055 $ 388,453 $ 210,358 $ 385,508 $ 250,463 $ 103,599 $ 125,762 1,288,804 865,332 860,766
Financial Services:                      
Income before income taxes 4,553 19,633 20,717 13,833 23,259 17,786 18,948 13,503 58,736 73,496  
Consolidated results:                      
Total revenues 2,999,150 2,649,366 2,569,722 1,970,093 2,794,890 2,131,058 2,021,859 1,629,878      
Income before income taxes 329,491 384,688 409,170 224,191 408,767 268,249 122,547 139,265 1,347,540 938,828 933,850
Income tax expense (91,842) (95,153) (85,081) (53,440) (331,352) (90,710) (21,798) (47,747) (325,517) (491,607) (331,147)
Net income $ 237,649 $ 289,535 $ 324,089 $ 170,751 $ 77,415 $ 177,539 $ 100,749 $ 91,518 $ 1,022,023 $ 447,221 $ 602,703
Net income per share:                      
Basic (usd per share) $ 0.84 $ 1.01 $ 1.12 $ 0.59 $ 0.26 $ 0.59 $ 0.32 $ 0.29 $ 3.56 $ 1.45 $ 1.76
Diluted (usd per share) $ 0.84 $ 1.01 $ 1.12 $ 0.59 $ 0.26 $ 0.58 $ 0.32 $ 0.28 $ 3.55 $ 1.44 $ 1.75
Number of shares used in calculation:                      
Basic shares outstanding (shares) 278,964 283,489 285,276 286,683 292,174 298,538 312,315 317,756 283,578 305,089 339,747
Effect of dilutive securities (shares) 1,248 1,183 1,378 1,343 1,318 1,690 1,565 2,329 1,287 1,725 2,376
Diluted shares outstanding (shares) 280,212 284,672 286,654 288,026 293,492 300,228 313,880 320,085 284,865 306,814 342,123
Write-off of insurance receivables         $ 9,300 $ 5,300   $ 15,000      
Financial Service [Member]                      
Homebuilding                      
Revenue from Contract with Customer, Excluding Assessed Tax $ 55,059 $ 51,620 $ 52,764 $ 45,938 56,166 46,952 $ 47,275 41,767 $ 205,382 $ 192,160 $ 181,126
Cost of Revenue                 147,422 119,289 108,573
Total Homebuilding [Member]                      
Homebuilding                      
Revenue from Contract with Customer, Excluding Assessed Tax 2,944,091 2,597,746 2,516,958 1,924,155 2,738,724 2,084,106 1,974,584 1,588,111 9,982,949 8,385,526 7,495,404
Cost of Revenue $ 2,319,473 $ 1,976,220 $ 1,900,316 $ 1,471,488 $ 2,147,431 $ 1,589,728 $ 1,637,536 $ 1,220,906 $ 7,667,497 $ 6,595,601 $ 5,620,089
EXCEL 95 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( YC/TX?(\\#P !," + 7W)E;',O+G)E;'.MDD^+ MPD ,Q;]*F?L:5\'#8CUYZ6U9_ )Q)OU#.Y,A$[%^>X>];+=44/ 87O+>CT?V M/S2@=AQ2V\54C'X(J32M:OP"2+8ECVG%D4)6:A:/FD=I(*+ML2'8K-<[D*F' M.>RGGD7E2B.5^S3%":4A+,*P).B0\5?UX^8 TBTH_0(:+L A#&^NQT:E8(C M-R."?S]PN -02P,$% @ #F,_3B?HAPZ" L0 ! !D;V-0&UL38Y-"\(P$$3_2NG=;BGH06) L$?!D_>0;FP@R8;-"OGYIH(? MMWF\81AU8\K(XK%T-8943OTJDH\ Q:X831F:3LTXXFBD(3^ G/,6+V2?$9/ M-(X'P"J8%EQV^3O8:W7..7AKQ%/25V^9"CGIYFHQ*/B76_..7+8\#?NW_+"" MWTG] E!+ P04 " .8S].V.:X K @ $0 &1O8U!R;W!S+V-O M&ULS9+/2L0P$(=?17)O)VE1,'1[43PI""XHWD(RNQML_I",M/OVMG&W MB^@#>,S,+]]\ ]/I*'5(^)Q"Q$06\]7D!I^ECAMV((H2(.L#.I7K.>'GYBXD MIVA^ICU$I3_4'J'A_ 8GQI:Q;69])>8WSKVPE'2-NV'GR:WMWOWU@?621A'^_1S80RY8-[9)-NIL\!"SI^\Y%1^?H.'GS M[BYBZ(:(E/)X8-DOV]:[MR_>X%#BVR]*+41B1%G\@MNN01.+5)#3(3/PB=AIAJ4!P"I DQEJ&&^+3&K!'@$WVWO@C( MWXV(]ZMOFCU7H5A)VH3X$$8:XIQSYG/1;/L'I4;1]E6\W*.76!4!EQC?-*HU M+,76>)7 \:V@S&L%&KQMUAVC2/'K^!?F<-0HACA*FNVB<5@$_9Y>PTG!Z(++9OVX?H;5,VPLCO='U!=* MY \FIS_I,C0'HYI9";V$5FJ?JH,@H%\;D>/N5Z> HWEL:\4*Z">P'_ MT=HWPJOX@L Y?RY]SZ7ON?0]H=*W-R-]9\'3BUO>1FY;Q/NN,=K7-"XH8U=R MSTS0LS0[=R M2^JVE+ZU)CA*]+',<$X>RPP[9SR2';9WH!TU^_9==N0CI3!3ET.X&D*^ VVZ MG=PZ.)Z8D;D*TU*0;\/YZ<5X&N(YV02Y?9A7;>?8T='[Y\%1L*/O/)8=QXCR MHB'NH8:8S\-#AWE[7YAGE<90-!1M;*PD+$:W8+C7\2P4X&1@+: '@Z]1 O)2 M56 Q6\8#*Y"B?$R,1>APYY=<7^/1DN/;IF6U;J\I=QEM(E(YPFF8$V>KRMYE ML<%5'<]56_*POFH]M!5.S_Y9KF4Q9Z;RWRT,"2Q;B%D2XDU=[=7G MFYRN>B)V^I=WP6#R_7#)1P_E.^=?]%U#KG[VW>/Z;I,[2$R<><41 71% B.5 M' 86%S+D4.Z2D 83 >LX=SFWJXPD6L_UC6'ODR MWSEPVSK> U[F$RQ#I'[!?8J*@!&K8KZZKT_Y)9P[M'OQ@2";_-;;I/;=X Q\ MU*M:I60K$3]+!WP?D@9CC%OT-%^/%&*MIK&MQMHQ#'F 6/,,H68XWX=%FAHS MU8NL.8T*;T'50.4_V]0-:/8--!R1!5XQF;8VH^1."CS<_N\-L,+$CN'MB[\! M4$L#!!0 ( YC/T[+B25:Q ( -4* 8 >&PO=V]R:W-H965T&UL?59A;YLP$/TKB!]0L(&05$FDIM&T29M4==KVV4VS#:7$=^Z78)OW[MGFWN665R%?U8ES';TU=:M6\4GK[CY)U.[$&Z;N1,=; M\^8@9,.TFBG.NJY:_B0C=6X:)O]M M>"VNJYC$[PO/U?&D[4*R7G;LR']R_:M[DF:6C%'V5<-;58DVDORPBA_(_9:F MEN 0ORM^59-Q9(_R(L2KG7S;K^+4[HC7?*=M"&8>%_[(Z]I&,OOX.P2-1TU+ MG([?HW]QAS>'>6&*/XKZ3[77IU4\CZ,]/[!SK9_%]2L?#E3$T7#Z[_S":P.W M.S$:.U$K]QOMSDJ+9HABMM*PM_Y9M>YY[=\49*#A!#H0Z$B@^:>$;"!D(X%\ M3L@'0OY!*-QM]4=Q=[-EFJV74EPCV7_>CMDL(O>YN?V=7727[=Z9ZU%F];). ME\G%AAD0FQY!)P@R(A(3>Q2@F,"& CJ]%7B$B.P6L86('-]"AIXQ<_1L0B]P M>H[2("!2I0 /K<$^@1A4.T/8+2G,QPE1FJ,@,J"T\%(DB* M*Y2H0@GYQ)- (!27F*,2<\CWDF6#0 +9LD E%I!?>!(()/ I2(J[+H412M]W M*?CH-"7S@$[ W03J^+F%818!%=3B#X2""!14$003J",$=S')8 2_E R8FSLK M2Y*;_\& (PGN>0(M3?U$PS"!3".X\0ET/O5S#<.$D@TW/H&^IB#9$$SH++CY M";0V!:F&8$))@/N?0'=3OXQAF) *7@((-'@&$AIB0BH4+P(4%H',JY?; 3.; M5GZ244I)-O=+03+YSV^X/+I^2D4[<6Y=,S=9'7NV!^IZA@]XW_#]8/)8M2IZ M$=IT'JX_. BAN=E2>F<2\F1ZS'%2\X.VP]*,9=]H]1,MNJ&)3,9.=OT?4$L# M!!0 ( YC/TZ [*.9! 0 .L1 8 >&PO=V]R:W-H965T&UL?9AMC^(V$,>_"N)]+Y[Q8U8LTL&I:J566EUU[>LLF 5=(#3)+M=O M7R=D$3LSOC?D@?_8_[&=GR=97)KV>[>/L9_].-:G[G&^[_OS0U%TFWT\5MVG MYAQ/Z9]=TQZK/EVV+T5W;F.U'8..=8%*N>)8'4[SY6*\]]0N%\UK7Q].\:F= M=:_'8]7^MXIU$83]VA M._;Q_G:G 4Z[CIAR:J='B+ MZUC70TO)Q[]3H_-;GT/@_?E[Z[^.R:=DGJLNKIOZG\.VWS_.PWRVC;OJM>Z_ M-I??XI20G<^F[/^(;[%.\L%)ZF/3U-WX.]N\=GUSG%I)5H[5C^OQHPW]_&6)'&5N%%R&B4 H%0()!6N0X\N9-(QHAW#[3ABYRJQ]]UH!W1+/?BB1?+>@'0VBM%W'"=5@Y+?CSW4Q(_GJ?M@B&J-5>E11,RJSB(7@+S8L@4K +KQ3C0UA S7&:] M3?&EG39<)7#TGK9"RB94HJ[89A2K*.@E;9TI@2=-Q8P M\XA#AIO '6GJ"/B3A1Y*AD]!9U1YI_OH2(8H('=DJ"/DW/'6>C9&7.>,3=.6 M<21C&3B7#>7RI/F0NP*/I7?4$U>6+CAW]RA^-"7#&0S;;(S+M" C%3A3#64J M"+"TJ) -M* K=8#<0,M4!8Y50[$*G)=HC4/*#E&GO,^-LLQ5X&"ER%P!9R9H MITR@I!>%UNEV#RFQ *&,6.68MQ2QR?&J%03GZO(I"Y4J703_*H$4.6EH*K) #U&IK MH:2+6Q):C2X'?\S4J[Q@M;F1EM&('(V6HA$Y\.@Z_*GDHP^9ALAK54MK512* M5>^!6A%4(5<18=12K*!2N ;P/ ME&.2,$V9PLP6C3):D:/54;1.F@^OA'+E(2CERJ.X>^L>/H/\6;4OAU,W>V[Z M] (_OF;OFJ:/J5'U*>6XC]7V=E''73^<^G3>7C\_7"_ZYCQ]6BENWW>6_P-0 M2P,$% @ #F,_3LE[&?)* @ O < !@ !X;"]W;W)KN !<5 V3.O"!'>2]MT?.-70O1K /BQ(BWF*]J33JZ< M*6NQD$-V ;QG!)^TJ6U "&$*6EQW?EGHN3TK"WH53=V1/?/XM6TQ^[!5 9M.)W M30:^Z'NJE .ESVKP[;3QH2(B#3D*%0++YD9VI&E4),GQ=PKJSSF5<=E_C?Y% M%R^+.6!.=K3Y4Y]$M?$SWSN1,[XVXHD.7\E44.)[4_7?R8TT4JY(9(XC;;C^ M]XY7+F@[19$H+7X9V[K3[3"NI/ED&T^KQ^JC"-:1W,RCFM1[I]=DM5S.WLHT+,!-Q9DDVU$2+B2&8F4=TRY MDRFWF)"1:9O;GP)" 1[X+RCH$T5F)<4?!C+)7V# M"RRN4?6N_<#L4G?<.U A;V1];YXI%42&A2L9L))/Z3QHR%FH+I)]-KXGXT#0 M?GHKP?Q@E_\!4$L#!!0 ( YC/TY\*C= OP0 '46 8 >&PO=V]R M:W-H965T&ULC5C;;N,V$/T5P^^-Q!E> \= ;&/1 BT0;+'M MLV(SL;&2Y964>/OWI2[QRL/1KE\LB3XS.C,DSXRX.)?5UWKO?3/[7N3'^F&^ M;YK3?9+4V[TOLOJN//EC^.>EK(JL"8_5:U*?*I_M.J,B3R!-=5)DA^-\N>C& MGJKEHGQK\L/1/U6S^JTHLNJ_E<_+\\-]TT[D"P7I^S5_^V;+Z>G M*CPE%R^[0^&/]:$\SBK_\C!_%/<;M*U!A_CGX,_UZ'[6AO)1SOVU:%UFXO/NUS_/64^#Q;7 ZO[RS-1S??WC_U 4?@GG.:K\N\W\/NV;_ M,+?SV8"W3,([MF5>=[^S[5O=E,7@)5 I MLN_]]7#LKN?!_X<9;P"# 5P,A/ZI 0X&^,- _M1 #@:2&"1]*%UN-EF3+1=5 M>9Y5_?2>LG85B7L9LK]M![MD=_^%]-1A]'UI8)&\MWX&R*J'P @B+H@D.+^\ M ;@WK" R)R]8QPC$:\@FAACD22 ;)G;V.+:7O+UD[65G+\?VBJ2IA^@.@U J51,B6L8YQ#:X'D8,/!T$ZEVK&L7<3:$C8KQ^50*4&2 MN&9PT@F=TF1S_E (:7C>(N7%+XV9"ZI^*;.O@5G=#%!* T!7-X/3*9AT0L_$ MA&Z+:&-;F/# ZO*C@#AXI,'W&#/BBG=*T\ACE+B3BL;-H:;$2/ R+C#F+"GG M'F.O.2O*.48%SI)RYE CY;_FS)<.$=<.2VO'@!GG)KU#2SFS*%HV?H6ZYLQ7 M#1&7#3OE@:\;(BX<5#%7(A9ZL*BH3J\9'*8JM8Y&SN#0F4E1X N'B"N'I95# MQ&(O@,:WYE &HGT1HP G]P5?-T1<.&AV5B*6>K#2ZFAGQ#A,M171WF!P$@1, MZ1A?.T1Q"&]N;<#7DM!_+J[&S!CU7;.@HNZ!09H0T%50/':W; M:_*\ND*LKFZB#@*O=<"TR%-3P&L=,$URM'YB;1):JE32_,4X+90$FKT8)N5T M[GBE W/[TN%U!V+=<;2' *9C!1U6!(V<[6PEW6 ;!H<@Q$11!EYV@)&=B4E' M7G;P=ME!7G;P!MD9,%?]N156TNYJS0!M^$IQM#W:,$ CE<"I!"(O.WB[[.#$ M)SDC.W3M(",[02$=4MEA@%KJL"KHQF& 2EGC)N>.EQUD9&S0L#4U//"@[<+#_+"@XSPT)HU8*Z^W*21 M$,7.X$+P47O)X5*KHH.H9'3V5OCJM3O7K&?;\NW8M&=8H]'+V>DCM&=W9'PE M[C?]">@/-_V![%]9]7HXUK/GLFG*HCN_>RG+Q@>:Z5V8G+W/=I>'W+\T[:T) M]U5_$-H_-.5I..1-+B?-R_\!4$L#!!0 ( YC/TZ%&*854 ( "T' 8 M >&PO=V]R:W-H965T&ULC57M;ILP%'T5Q /48 B0BB U M0=,F;5+4:=UOAS@!U6!F.Z%[^_F#4H*=:G]B^_JU;A%_('VN),[)\I:).22G0'O&49'36H)@$&0@!8UG5_D.K9G M14XO@C0=WC./7]H6L;];3.BP\4/_/?#W3&/['XU>^97($IR[%I M<<<;VGD,GS;^4_A89@JO 2\-'OAL[BDG!TI?U>+;<>,'2A FN!(J Y+#%>\P M(2J1E/%GS.E/1RKB?/Z>_8OV+KT<$,<[2GXW1U%O_,SWCOB$+D0\T^$K'OVL M?&\T_QU?,9%PI42>45'"]:]77;B@[9A%2FG1FQF;3H^#V4E7(\U-@",!3H0P M^900C83H@Q!_2HA'0KP@ &-%UZ9$ A4YHX/'S+_;(W6)PL=85K]205ULO2?+ MPV7T6JR3'%Q5GA&R-1 X@X03 LCDTPG0=<(66G1X>\#.1D31+:2T(6GD%A$Y M;4::'\UMIFY^[.3'FA_/^%FX*).!)!K2F3(%$ 9P865GX^(XA7"1KK1A20#3 MX([KE5/URG:=N?F)DY]8KM?KA6L#6=VX#A:.;*4#ZS'3P=P9DCQ&U*Y^R@/WXZO15&-OF\WN^/]^+6J]I^GT^/C:['-CY_*?;&+ MOSR7AVU>Q[\JW:K'?%E\/H M^+;=YH=_9\6F_+@?F_&/&[^O7UZK^L;TX6Z?OQ1_%-6?^R^'>#4]6WE:;XO= M<5WN1H?B^7[\D_F\LEPW:!1_K8N/X\7W41W*U[+\5E_\\G0_3FJ/BDWQ6-4F M\OCQ7LR+S::V%/WXIS4Z/O=9-[S\_L/ZJ@D^!O,U/Q;S;**\]B7T\EIMC\W?T^':LRFUK);JRS;^? M/M>[YO/C]$O@MAEN0&T#.CY0]WA_)C=#A-H'U>SU/SVMJEDCCNYH5TH2S9AKC/0=-,&AJ M#-B.@50$=-*X1K-K-&PS8[,D27!7#+MBT%4F\GO2^(NN;' 9D\C-7.MJET22 M@2C).)6#NM2ZB9>>K;3(>$_>&IP""U-@=0I,(D*S*MLV2WM3[6 _#O0CLC-S MJA^76IEGIZ(6B@4T(V)::I%0K(84G8 ]#-B#@,4PS[WVE)/>Q ;83P#]B.=_ M%E0_:>K$@SL/5Q,+S?3,MA0ZFP)GQ4(T2U4O$T-$<@076B='\+JECLL9=#D# M+LLYF>F.."Y:H7K+I'')DHX;Y;@<_-LL+8%,Q3\DZ4:.>64 L$PJ(]?$FD1V4B;C MNJKKNH2Y9C384KG8MIK+GN*P!UD[K*[KNAYAS!C F221+FG0I"Q'=%#3=063 MR" 497(*ZM6?399D_:NSP1@P@ .D M<@L#X6&5X5\M3AX MPN@CA#Y9+Y%F51@HF BCBA"J9,E$&@OLO 0_:5+)*;V EISK<;EG3X08(PLG M0NR(JZSUTB,ME&-Z@ZVNWQA$!'98JGHB39@).TL# XLA0V@S(\LGT@"99,8S MR;6V%7;+)Q=DHJ YE_F^1&$H$8*2+)](0XEBFH)T7&^1U)R\R=(2R-1$N7F; M1!B0A#9*LGPBC2 5TI"DZPCF$VD^J:*)-)ZL#217Z=5U7=7I/&4]KF"V42(3?(HBC0(*/7!D659XO=*^T]P,#<8<$,^RC/6.R';E##2 M+2",;HG9N&"-(38A&E3'.&!O9>6)Q@JHZN,5WS-"C*G&B&JREF'-(I^X_IQC M&C&BD7Q46!/$7V*O=8A4PB6MH"&;R51?9]J@I!MWSW$AH)DJT%C3C,C*],Q9 MG]XI?Z]9ZOJ,FF!688(X:I1Q%LK&QJI4,:87*G# V%GK** M,7L8L4>650PV229);:H\N@JIU0VVNGYC5#':2JE'2S,HEG!QL] _KAA#C#93 MLJQB<-C&"=D@RRK6O)JH&;E YDA.DU5/ITGH>>' &&Z,SOAD\<6 6(E1Q]-\ M?>-UFZ4ED*GI-"3I'OYC>EI-3U7S6(TGDQ EDK*K&X1=GS#(+ "9JGHLVGC) MXPT+#@G[YK[%J+, =7+W/[,:+!2"23*G:O,>J>G?ZUC,(HM8Y*1CX.55:D)( M)0" L'9+3%R@XGKFDMPW .&$5=T#5,8;SM1AY_3B?6G]3OVW_/"RWAU'7\NJ M*K?-"]+GLJR*:#3Y%%/[6N1/YXM-\5S57T/\?CB]RSY=5.6^?4\_/?^SP,-_ M4$L#!!0 ( YC/TZD/*?;L 4 "(< 8 >&PO=V]R:W-H965T&ULA5E=;^,V$/PKAM]])I=?8I $B"T4+= "ARO:/BN)DAAG6ZZD M)-=_7TK6^>S=8>X"G"UYN)RER)FE>/W>M%^[E[KN9]]VVWUW,W_I^\/5YO;UN M7OOM9E]_;F?=ZVY7M?^MZFWS?C/7\^\WOFR>7_KAQO+V^E ]UW_6_5^'SVVZ M6IZB/&YV];[;-/M96S_=S._T56G5T&!$_+VIW[NS[[,AE?NF^3I<_/9X,U<# MHWI;/_1#B"I]O-7K>KL=(B4>_TY!YZ<^AX;GW[]'_V5,/B5S7W7UNMG^LWGL M7V[FQ7SV6#]5K]O^2_/^:STEY.:S*?O?Z[=ZF^ #D]3'0[/MQO]G#Z]=W^RF M*(G*KOIV_-SLQ\_WXR_!3ZB&6:2O;!K]A^'F.-CC;VEXNG3W[5:3OUZ^#8$FS.J( MH7/,";%,T4]=$.IB1:(Y77:PE@AC+B&EA 2#21B8IQG;FXL\ PY@80 [!K!G M 0K-QND(\2-D?^Q#$2EBN:PESMI Q,*5$N85!95)VT'6#J1=X >!O B;4V1 MY7W$N#.BQE,(@:4M89;(* 8K031C0Y%Y6 &R#I*U48QU$/W$:"V;^VN)TC'] M\>F)8,9E.!>0VTSM*'DWVF2NF-<)@06;&U YL*9C$S)J:0^/'6$ M\U%Q42@1L(A!1ZF Y(6#8#> M^<)RZA(6'&77.#8KC=RJX,R!PU@;@Q6#+H'>)Y?E-HMP12HO,M2Q9^D"K/.8 M"8$]1 ,3D6M%*O_"I>7+G0_A#"G'2RN(BQ0S$D782@A8B>663=($TI13?)4C M6"J.^ PN83CK5,%[0.F=B MA$V,K%S<-K="L)N0=!/-!WI%0/\+[3,5!V'Y)R#_5CQX*==BNDJ(3BX:34;3 M"6LZ 4VW7--)2O B27!PG#; I2HP\/Q*!(R%3QN6#'FLZ@2V(I9O^DCN'[3S M'BB;!%(@)8 E 'H=57;%83\AX">.^PD!_<^P!\@,?8#\B+_!IF* J7#_6AG@ M D4TD95UV)C!7#>G-<6E\RQJ1A@*EHPEW;@G>,S'J#2NB ^Y #FBIQ$ M&6PL!AB+YA)EI!( 8< */VAK\#*A'0JU2K^ S[S&LMX"^.&[D!?J"5 M57P\UQ"H*7#E*B&0K/:DZL0= K2A&[3A]B30N M[;UR,P>;FP'FYKBW&VEN2>(=?TVR!KA4 P15B#D/@(YT[OV8P79I@%WR5;@R MX%5<4@]?<.Y@%T2&Y*P!N.!L=MBQM1I@K4XL6+!=TL8$H>\ B'(L 8[E>,D= M.ZL!^Z7<;M%@?S/(WWAE8:07.<>K(0!:B**S1"CRSF02M]C5+'(U7E),H/,W MWD4DQ7>X )9J*UXUE0"6E(R_/5^>'93LZO9Y/(3J9@_-Z[X?SAO.[IX.NNYH M.&AA]U?ZJCP>5_T((,R*7[]P.29FF7?0%L_)Z?C%K1S;C@R9JL.M+ W.$#O;QHT6CAOFI;9P8"H(T@KQI/DEFDA>UKF MT7$R6[.)%1R07P*QN>ZH$D0! HJ%QB$WZ[P $H% M(B_CU\))UY0!N#V_L'^,M?M:+L+" ZJ?LG9=0>\HJ:$1HW*/.'V"I9YWE"S% M?X$K*!\>E/@<%2H;5U*-UJ%>6+P4+9[G7?9QG^:;+%U@^P"^ /@*N(MYV)PH M*O\@G"AS@Q,Q<^\'$9[X<.2^-U5PQE;$.R_>>N^U/-PF.;L&HB7F-,?P;-[?S;SF,V&PV'Y06S]QN4?4$L#!!0 ( YC/TYYT8ALM@$ -(# M 8 >&PO=V]R:W-H965T&UL;5/;;IPP$/T5RQ\0[P+9 M1"M RJ:J6JF55JG:/GMA "N^4-LLZ=]W; @A*2^V9SSGS)GQ.!^-?78=@"-,8J[M&T+7.]!5Y'D)(LV>T.3'&A:9E'W]F6 MN1F\%!K.EKA!*6[_GD":L:![^NIX$FWG@X.5><];^ '^9W^V:+&%I18*M!-& M$PM-01_VQU,6XF/ +P&C6YU)J.1BS',POM8%W05!(*'R@8'C=H5'D#(0H8P_ M,R==4@;@^OS*_CG6CK5DAH8/TC^9\0O,]=Q2,A?_#:X@ M,3PHP1R5D2ZNI!J<-VIF02F*OTR[T'$?IYLTG6';@&0&) O@/N9A4Z*H_!/W MO,RM&8F=>M_S\,3[8X*]J8(SMB+>H7B'WFNY/V0YNP:B.>8TQ23KF"6"(?N2 M(ME*<4K^@R?;\'1381KAZ3N%M]L$V29!%@FR=P2'#R5NQ=Q]2,)6/55@VSA- MCE1FT'&25]YE8!^2^"9OX=.T?^>V%=J1B_'XLK'_C3$>4,KN!D>HPP^V&!(: M'XYW>+;3F$V&-_W\@]CRC&PO=V]R:W-H965T<"CKM_/\"NZW7^ MQQ[]V[XT@'-"^V 7#D3:O6 M9K1QKCLP9HL&M+!7V$'K;RHT6CAOFIK9SH H(T@KQI/DFFDA6YJGT78J] M4[*%DR&VUUJ8/T=0.&1T0]\=C[)N7'"P/.U$#;_ _>Y.QEML9BFEAM9*;(F! M*J-WF\-Q%^)CP).$P2[.)%1R1GP)QO*D M<\H 7)[?V1]B[;Z6L[!PC^I9EJ[)Z)Z2$BK1*_>(PS>8ZOE"R53\#[B \N%! MB<]1H+)Q)45O'>J)Q4O1XFW<91OW8;SAMQ-L'< G )\!^YB'C8FB\J_"B3PU M.! S]KX3X8DW!^Y[4P1G;$6\\^*M]U[RS?4^99= -,4?4_"U M%$?^'YROP[>K"K<1OOU'X>TZP6Z58!<)=DN"F^13B6LQGXMDBYYJ,'6<)DL* M[-LXR0OO/+!W/+[)1_@X[3^%J65KR1F=?]G8_PK1@9>27/D1:OP'FPT%E0O' M&W\VXYB-AL-N^D%L_L;Y7U!+ P04 " .8S].])8ME[8! #2 P &0 M 'AL+W=O0I]DZV M&DZ&V%XI8?X=0>*0T2U]=SRV=>."@^5I)VIX O>[.QEOL9FE;!5HVZ(F!JJ, MWFT/QR3$QX _+0QV<2:ADC/BZS=UW(6%NY1_FU+UV3TEI(2*M%+]XC# TSU["F9BO\)%Y ^/"CQ M.0J4-JZDZ*U#-;%X*4J\CGNKXSZ,-_OK";8.X!. SX#;F(>-B:+R;\*)/#4X M$#/VOA/AB;<'[GM3!&=L1;SSXJWW7O+M#4_9)1!-,<<4?"W% MD?\'Y^OPW:K"783O/BG&UL?5-A;]L@$/TKB!]0$I(U461;:CI- MF[1)4:>MGXE]ME&!\P#'W;\?8-?S-FM?@#ONO7MW'-F ]L6U )Z\:F5<3EOO MNQ-CKFQ!"W>''9AP4Z/5P@?3-LQU%D250%HQOMG<,RVDH466?!=;9-A[)0U< M+'&]UL+^/(/"(:=;^N9XDDWKHX,562<:^ K^6W>QP6(S2R4U&"?1$ MU3A^V MI_,^QJ> [Q(&MSB36,D5\24:GZJ<;J(@4%#ZR"#"=H-'4"H2!1D_)DXZIXS MY?F-_4.J/=1R%0X>43W+RK\HF8K_##=0(3PJ"3E* M5"ZMI.R=1SVQ!"E:O(Z[-&D?QAM^F&#K #X!^ PXICQL3)24OQ=>%)G%@=BQ M]YV(3[P]\=";,CI3*])=$.^"]U9L#_<9NT6B*>8\QO!ES!S! ON<@J^E./-_ MX'P=OEM5N$OPW1\*#^L$^U6"?2+8_[?$M9CC7TG8HJ<:;).FR9$2>Y,F>>&= M!_:!IS?Y'3Y.^Q=A&VD/Q$,YV'+/1 M\-A-/XC-W[CX!5!+ P04 " .8S].)"D@U+8! #2 P &0 'AL+W=O MTW3)FVR MN:;7SZR.2@X8"[A>_WT!/6NO?@%FF/?FS3#D(YIGVP$X\J*DM@7MG.M/C-FJ M \7M'?:@_4V#1G'G3=,RVQO@=00IR;(D><\4%YJ6>?1=3)GCX*30<#'$#DIQ M\_L,$L>"IO35\2C:S@4'*_.>M_ =W(_^8KS%%I9:*-!6H"8&FH+>IZ?S/L3' M@"U7+F%!Y0_1>VZ@AXIJ:'A@W2/.'Z&N9YWE,S%?X4;2!\>E/@<%4H;5U(- MUJ&:6;P4Q5^F7>BXC]/-[C##M@'9#,@6P#'F85.BJ/PC=[S,#8[$3+WO>7CB M])3YWE3!&5L1[[QXZ[VW,CU\R-DM$,TQYRDF6\#/9AJSR7#8 MSS^(+=^X_ -02P,$% @ #F,_3@8R]F.V 0 T@, !D !X;"]W;W)K M&UL;5/;;IPP$/T5RQ\0[P+9KE: E$U5M5(KK5*U M??;" %9\H;99TK_OV!!*4EYLSWC.F3/C<3X:^^PZ $]>E-2NH)WW_8DQ5W6@ MN+LS/6B\:8Q5W*-I6^9Z"[R.("59LML=F.)"TS*/OHLM,)A::@C[L3^ MGP)&MSJ34,G5F.=@?*D+N@N"0$+E P/'[0:/(&4@0AF_9TZZI S ]?F5_5.L M'6NY<@>/1OX2M>\*>J2DAH8/TC^9\3/,]=Q3,A?_%6X@,3PHP1R5D2ZNI!J< M-VIF02F*OTR[T'$?IYOT,,.V 9A4Z*H_"/WO,RM&8F=>M_S\,3[ M4X*]J8(SMB+>H7B'WENY/Z8YNP6B.>8\Q23KF"6"(?N2(ME*<4[^@R?;\'13 M81KAZ1N%V39!MDF018+L#<']NQ*W8@[ODK!53Q78-DZ3(Y49=)SDE7<9V(+;3F$V&-_W\ M@]CRCPHQMP$ -(# 9 >&PO=V]R:W-H M965TDDB]3M,F;=*IT[K/ M7.(DJ( S()?NWP](FJ5=O@ V?L_/QN0CFF?; 3CRHJ2V!>VT- M]J#]38-&<>=-TS+;&^!U!"G)TB3YR!07FI9Y])U-F>/@I-!P-L0.2G'SYP02 MQX+NZ*OC4;2="PY6YCUOX0>XG_W9>(LM++50H*U 30PT!;W?'4_[$!\#G@2, M=G4FH9(+XG,POM8%38(@D%"YP,#]=H4'D#(0>1F_9TZZI S ]?F5_7.LW==R MX18>4/X2M>L*>J"DAH8/TCWB^ 7F>CY0,A?_#:X@?7A0XG-4*&U<2358AVIF M\5(4?YEVH>,^3C=9-L.V >D,2!? (>9A4Z*H_!-WO,P-CL1,O>]Y>.+=,?6] MJ8(SMB+>>?'6>Z_E[G";LVL@FF-.4TRZCEDBF&=?4J1;*4[I?_!T&YYM*LPB M/'NC\+!-L-\DV$>"_1N"NW^2L%5/%9@V3I,E%0XZ3O+*NPSL?1K? MY%_X-.W?N6F%MN2"SK]L['^#Z,!+26[\"'7^@RV&A,:%XZT_FVG,)L-A/_\@ MMGSC\B]02P,$% @ #F,_3FJ%U!*V 0 T@, !D !X;"]W;W)K&UL=5/;;M0P$/T5RQ]0;RY 6261ND4())!61<"S-YDD M5GT)MK,I?\_824-:PHOM&<\YS1MQ]Q@@3<1I"1+#X>W3'&A:55$W]E6A1F]%!K.EKA1*6Y_GT": MJ:0)?78\B*[WP<&J8N =? /_?3A;M-C*T@@%V@FCB86VI'?)\92'^!CP0\#D M-F<2*KD8\QB,STU)#T$02*A]8."X7>$>I Q$*./7PDG7E &X/3^S?XRU8RT7 M[N#>R)^B\7U);REIH.6C] ]F^@1+/6\H68K_ E>0&!Z48([:2!=74H_.&[6P MH!3%G^9=Z+A/\TV6+[!]0+H TA5P&_.P.5%4_H%[7A763,3.O1]X>.+DF&)O MZN",K8AW*-ZA]UHE[Y."70/1$G.:8])MS!K!D'U-D>ZE.*7_P--]>+:K,(OP M[(7"_Q#DNP1Y),A?$&2O2MR+R5\E89N>*K!=G"9':C/J.,D;[SJP=VE\D[_A M\[1_Y;83VI&+\?BRL?^M,1Y0RN$&1ZC'#[8:$EH?CN_P;.&PO=V]R:W-H965T M8J=DT+#R1#;*<7-^Q$D]AE= MTP_'BZ@;%QPL3UM>PP]P/]N3\1:;6$JA0%N!FABH,GJ[/ARW(3X&_!+0V]F9 MA$K.B*_!>"PSN@J"0$+A @/WVP7N0,I Y&7\&3GIE#( Y^PH&8M_@@M('QZ4^!P%2AM74G36H1I9O!3% MWX9=Z+CWP\UN/\*6 V*&WK<\//'ZD/C>%,$9 M6Q'OO'CKO9=\_6V7LDL@&F..0TPRCYDBF&>?4B1+*8[)?_!D&;Y95+B)\,TG MA=?+!-M%@FTDV'XBN/E2XE+,_DL2-NNI E/':;*DP$['29YYIX&]3>*;_ L? MIOV9FUIH2\[H_,O&_E>(#KR4U94?H<9_L,F04+EPO/%G,XS98#ALQQ_$IF^< M_P502P,$% @ #F,_3A9!2RNV 0 T@, !D !X;"]W;W)K&UL;5/;;IPP$/T5RQ\0 [MIDQ4@95-5K91(JU1MG[TP@!5? MJ&V6Y.\S-H32E!?;,YYSYLQXG(_&/KL.P),7);4K:.=]?V#,51TH[JY,#QIO M&F,5]VC:EKG> J\C2$F6)"@TG2]R@%+>O1Y!F+&A* MWQU/HNU\<+ R[WD+/\#_[$\6+;:PU$*!=L)H8J$IZ%UZ..Y#? SX)6!TJS,) ME9R->0[&][J@21 $$BH?&#AN%[@'*0,1RO@S<](E90"NS^_L7V/M6,N9.[@W M\K>H?5?0&TIJ:/@@_9,9O\%E[DU([%3[WL>GC@]9-B;*CAC M*^(=BG?HO93I[6W.+H%HCCE.,=DZ9HE@R+ZDR+92'+/_X-DV?+>IMT(Z7C?UOC/& 4I(K'*$./]AB2&A\.'[&LYW&;#*\Z>&PO=V]R:W-H965TJM.2:1>IZJ3-NG4:=MG+G$25 @9 MD$OW[V=(FJ5=O@ V?L_/QF2CL2^N!?#D5:O.Y;3UOC\RYLH6M' WIH<.;VIC MM?!HVH:YWH*H(D@KQI/DP+20'2VRZ#O;(C.#5[*#LR5NT%K8/R=09LSICKXY MGF73^N!@1=:+!KZ#_]&?+5IL8:FDALY)TQ$+=4[O=\=3&N)CP$\)HUN=2:CD M8LQ+,+Y4.4V"(%!0^L @<+O" R@5B%#&[YF3+BD#<'U^8W^,M6,M%^'@P:A? MLO)M3N\HJ: 6@_+/9GR"N9Y;2N;BO\(5%(8')9BC-,K%E92#\T;/+"A%B]=I MEUWDV M0;I)D$:"]!W![8<2MV(.'Y*P54\UV"9.DR.E&;HXR2OO,K#W/+[)O_!IVK\) MV\C.D8OQ^+*Q_[4Q'E!*;0?@T*L4RA:X0%(0FR1XS*/O9,I<#TYP!2>#[" E,W^/(/18X!2_.1YX MV[G@(&7>LQ9^@_O3GXRWR,)2'#@Q*?H]+"QA55@W5:SBQ>BF2OT\Y5 MW,?IYCJ;8=L .@/H MC'/&1*%)5_8XZ5N=$C,E/O>Q:>.#U0WYLJ.&,KXIT7 M;[WW4M+D)B>70#3''*<8NHI)EPCBV9<4="O%D?X'I]OPW:;"783O/BC<;Q-D MFP19),@^$'S]5.)&3)I\2D)6/95@VCA-%E5Z4'&25]YE8&]I?)/W\&G:?S'3 M^+.9QFPRG.[G'T26;US^ U!+ M P04 " .8S].S3^,E%<# "D$ &0 'AL+W=OWVJ"K9WNF3 MJNTG>]U4TMC'YA"UIT;)71=4E1&/XRRJ9%&'RWFW]M0LY_ILRJ)63TW0GJM* M-G]7JM371UB+U 5TBE^%NK8W]X';RD;K%_?P=;<(8]>1*M76N!327BYJKGDOSK*]?U+"A- R&W7]3 M%U5:N>O$UMCJLNW^!MMS:W0U9+&M5/*UOQ9U=[WVGZ1B",,!? C@8\ L_F^ M& *$%Q#UG75;_22-7,X;?0V:_K]UD@X*]B#LR]RZQ>[==9_9W;9V];+DC,VC MBTLT:%:]AM]HWA61S3Z6X*C$BD_"^<<"ZZE""%Q!P$V(+E[<-I@1+28P0=(E M2#Z\!:_)%=(07::P2 H2)%X1I$EQD0P6R4""S"N"-#DNDL,B.4@PPPEF,,$, M)+CWN@0:'N,B][#(/4C@HXTT'!=A,390#%((WT%(E!!U"*,RD"+UZR!11M2! M;GUD'*3(_3I(1!# L&>9 "E\!I!($! P;&T&?"LF$PZ)* ZPNQFPKIAP@$04 M!]C@#+A73#A (HH#['$&3"XF'" 1Q0$>!0SX7$PX **$X@!/ P:LGDPX0"*" M X[G 0=63WP.H(C@@.-YP('5$Y\#*"(XX'@><&#UQ.< B@@..)X''%@]\3E MHI3@@.-YP('54Y\#**(XP/. ZNG$PZ0B.( SP,.K)Y..$ BB@,\#SBP>CKA M (DH#O \X,#JZ80#(,HH#O \X,#JV80#)"(X$'@>"&#US.< B@@.!)X' E@] M\SF (H(#@>>! %;/? Z@B.! $-_I@=4SGP,DR@D.!)X' E@]]SF (HH#/ \$ ML'KN<;"&(I^#Z.9L5ZGFT!V#VV"KS[5QIZB;U?&H_']@?D_3 MG]^_R^90U&VPT<:>/+OSX5YKHVR/\9WM\:CD;GPHU=ZXV]S>-_VYN7\P^C3\ M)A"-/TPL_P%02P,$% @ #F,_3OF>"-;> 0 04 !D !X;"]W;W)K M&UL=53;CML@$/T5Q R+888SY\R,&=)!JA?= !CT*GBG,]P8TQ\)T44# M@ND'V4-G3RJI!#/65#71O0)6^B#!"8VBF C6=CA/O>^L\E1>#6\[."NDKT(P M]><$7 X9WN"[X[FM&^,<)$][5L-W,#_ZL[(6F5G*5D"G6]DA!56&'S?'4^+P M'O"SA4$O]LA5)U2@DU_Z+ MBJLV4DPL-A7!7L>U[?PZ3/SWL' G0+H*H",0C[SC\RP/%5R0&KL?<_<+]X< MJ>U-X9R^%?[,)J^M]Y;39)^2FR.:,*<10Q>8S8P@EGV6H"&)$WT33L/AVV"& M6Q^^7:K'[^CO@@0[3[#[K\1X56((DX1%]D&1?8#@L!()83Z$1>*@2/R6X!"M M1$*8=]J5!$62 %=B80PVY4(65Q! :KVPZ=1(:^='_R%=Y[O1^JO\#_X^#A\ M8ZIN.XTNTMA!\->UDM* 325ZL%UM['LT&QPJX[:)W:MQ*D?#R'YZ<,C\ZN5_ M 5!+ P04 " .8S].-?48X>$! !!0 &0 'AL+W=O14&U,V1 T2:.6"."-A$"2$TZ['1>9\5UED8M2LZ^$JD1HYI_+W!9B8I$CR34.7XZG"^IQ3O CPXFM=DC M6\E-B%=K?*YR'-B$@$&I+0,URQV>@3%+9-+XM7#B5=(&;O?O[!]=[::6&U7P M+-C/KM)MCD\855#3D>D7,7V"I9X8HZ7X+W '9N V$Z-1"J;<%Y6CTH(O+"85 M3M_FM>O=.LTG4;B$^0/")2!< TY.A\Q"+O,/5-,BDV)"Q'Z"R$L0.8+HGQ+C78D^3.(7B;TBL8<@W8GX,">_2.(523P$CSL1#^8Q M\(ND7I'40W#8B?@P^Y]*-D^0@VQ<\RE4BK%WC;_QKOW]Y-X\^0N?A\-7*INN M5^@FM&D$]UQK(3285(('KP:#6=IN:O9R[&PO=V]R:W-H965T\9GSIFQF\7F?5=1)'Q4=&NAXOPY,@8$7_.0/F4^P?_S?'4 M-:TR#E1D VG@!ZB?PT5H"ZTL5<>@EQWO/0%U[C\<3N?4X"W@N8-);O:>J>3* M^8LQOE:Y'YB$@$*I# /1RPT>@5)#I-/XO7#ZJZ0)W.[?V#_;VG4M5R+AD=-? M7:7:W$]]KX*:C%0]\>D++/4 G :T!J== L9#/_1!0I,L$G3\QW/Q#SQ(<3UG=3&J>] M"GNFDY?:>ROP?9BAFR%:,.<9@S>8PXI FGV5P"Z),WX7CMWAH3/#T(:'6_7X MWDT0.0DB2Q#]5V*T*]&%.;I%CDZ1HX,@WHFX,(E;)':*Q Z"="?BPGQP78E3 M)'E'$ ;!3L2%^>"?2)TBJ8, [T1V$ *[X0VRSIW\-\U.;%=@ .O4FA;($[Y_HC(;;J0#)[ MHWM0_J;11C+G3=,2VQM@=21)06B2'(AD7.$RC[ZS*7,].,$5G VR@Y3,_#F! MT&.!=_C#\<3;S@4'*?.>M? ,[F=_-MXBBTK-)2C+M4(&F@+?[XZG+. CX!>' MT:[.*%1RT?HE&-_J BQ:>>'>D MOC=5<,96Q#N?O/7>:YDF64ZN06C&G"8,76%V"X)X]24$W0IQHO_1Z38]W&PO=V]R:W-H M965TN"N:8USD"+K:0._P/SN3\I:9&&I.@Y"=U(@!76.[^+#,75X#WCI M8-2K/7*5G*5\=<:/*L>12P@8E,8Q4+M9$R^2+G"]_V1_\+7; M6LY4P[UD?[K*M#G>8U1!30=FGN7X"',]*49S\3_A LS"7296HY1,^R\J!VTD MGUEL*IR^3VLG_#I.)^EV#@L')'- L@3LO0Z9A'SFWZFA1:;DB-34^YZZ*XX/ MB>U-Z9R^%?[,)J^M]U)LHEU&+HYHQAPG3++"Q N"6/9%(@E)'),OX4DX?!/, M<./#-VOUW2Y,L T2;#W!]K\2]UKB.*C& M/UF-2CD(/RXK[S(5=XF_^'_P::2>J&HZH=%9&OM\_"774AJPJ40W-I?63O%B M,*B-V^[L7DUO>3*,[.&PO=V]R:W-H965TN:;5UX"(;: -?07\;KM)8>&6I.@Z] MZD0?2*AS]!B=+ZG%.\#W#B:UV0>VDIL0+];X5.4HM D!@U);!FJ6.SP!8Y;( MI/%SX42KI W<[M_8/[C:32TWJN!)L!]=I=LHXH6(K_ M#'=@!FXS,1JE8,I]@W)46O"%Q:3"Z>N\=KU;I_DD.2UA_@"R!) UX.1T\"SD M,G]/-2TR*:9 SG<_4/N+HS,Q=U-:I[L*=V:25\9[+^*(9/ANB1;,9<:0#29: M$=BPKQ+$)W$A_X03?WCLS3!VX?%6_73P$QR\! ='$42#T&Z$_%A3GZ1U"N2>@C>[40\&!+N1/#F"7*0C6L^%91B M[%WC;[QK?S\2]X3_P.?A\(7*INM5SETY&UH,R\#!Z]0K?@-02P,$% @ #F,_3IN9&M+@ 0 04 !D M !X;"]W;W)K&UL;51MCYP@$/XKA!]P[**[;C=J MM$-@$&O@G2H' MP]L.K@KI00BF_ER RS'#>_SF>&[KQC@'R=.>U? =S(_^JJQ%%I:R%=#I5G9( M097AQ_WYDCB\!_QL8=2K/7*5W*1\<<:7,L,[EQ!P*(QC8':YPQ-P[HAL&K]G M3KQ(NL#U_HW]DZ_=UG)C&IXD_]66ILGP":,2*C9P\RS'SS#7<\!H+OXKW(%; MN,O$:A22:_]%Q:"-%#.+346PUVEM.[^.TTDX+XGQ+IIL00)@J+'((BAP!!O!$) M80YAD6-0Y!@@.&Y$0I@D+)($19( P6DC$L)\V(B0U1,4H&K??!H5&PO M=V]R:W-H965TRA;)*(G6+$$@@ MK8J 9V\R2:SZ$FQG4_Z>L9.&4,*+[1F?<^;B<3$9^^1Z $^>E=2NI+WWPY$Q M5_>@N+LQ VB\:8U5W*-I.^8&"[R))"59EB1OF.)"TZJ(OK.M"C-Z*32<+7&C M4MS^.H$T4TE3^N)X%%WO@X-5Q< [^ K^VW"V:+%5I1$*M!-&$PMM2>_3X^D0 M\!'P7<#D-F<2*KD8\Q2,3TU)DY 02*A]4."X7>$!I Q"F,;/19.N(0-Q>WY1 M_Q!KQUHNW,&#D3]$X_N2WE'20,M'Z1_-]!&6>FXI68K_#%>0" ^98(S:2!=7 M4H_.&[6H8"J*/\^[T'&?YINWMPMMGY MA&PEW,4X; X4,W_//:\*:R9BY]X/ M/#QQ>LRP-W5PQE;$.TS>H?=:Y7E2L&L06C"G&9-M,.F*8*B^ALCV0IRR?^C9 M/CW?S3"/]'P;_=U_! Z[ HGR9':C#I.\L:[ M#NQ]%M_D#WR>]B_<=D([7S;VOS7& Z:2W. (]?C!5D-"Z\,1!X+8>",HD+O/@.^LR5X/E3,)9(S,( M0?7O$W U%GB+/QPOK.VL=Y R[VD+W\'^Z,_:661AJ9D :9B22$-3X(?M\91Y M? "\,AC-:H]\)1>EWKSQI2[PQB<$'"KK&:A;KO (G'LBE\:OF1,ODCYPO?]@ M?PZUNUHNU,"CXC]9;;L"'S"JH:$#MR]J_ QS/1E&<_%?X0K6=X2K"F4O>..^U3-,T)U=/-&-.$R998;8+@CCV12*)29R2_\*3 M>'@:S3 -X>E:_=,^3K"+$NP"P>Z?$GSV]Y&PO=V]R:W-H965TN.L4QENM.Y/A*BB 4[5G>BA,R>5D)QJ8\J:J%X"+5T09R0,@H1PVG8X M3YWO(O-4#)JU'5PD4@/G5/X^ Q-CAG?XW?'[T_E@\0[PTL*H5GMD*[D*\6J-+V6& YL0,"BT9:!FN<$# M,&:)3!J_9DZ\2-K ]?Z=_8Z]EC M-!?_%6[ #-QF8C0*P93[HF)06O"9Q:3"Z=NTMIU;Q^DDB>\B@ZIN1FB6;,><*$ M*\QN01##ODB$/HES^%]XZ ^/O!E&+CQ:AP>!GR#V$L2.(/ZGQ$^;$CV8^ .1 MO5=D[R'8;41\F ]:D7A%$@]!M!'Q86*_R,$KAV]4UFVGT%5H,PCNNE9":#"I!'>FJXUYCQ:# M0:7M]F#VK2 0 G 0 M !D !X;"]W;W)K&UL=53KCIP@%'X5P@,L#CJ7 M3M1D9YNF3=IDLDVWOQD]7K(@%G#X,:8_$J*+!@33#[*'SJY44@EF;*AJHGL%K/0DP0F-HAT1K.UPGOK<6>6I M' QO.S@KI J"+V6&(U<0<"B,4V!VN,(3<.Z$;!F_ M9DV\6#KB>GY3_^1[M[U *9C'SE'YEA M>:KDB-2T]SUSOWASI'9O"I?T6^'7;/':9J]YG.Q3@*LUD0Q*HO M%C1D<:+OZ#1,CX,5QIX>K^E1$A9(@@*)%TC^:?%PUV((\R%LL@V:;-\+;*,[ MDQ#F/SNY"YKL @+TSB2$B>],R.IT"%"UOQ<:%7+H_)U<99>K]TC]Z?H+G^[M M-Z;JMM/H(HT]H_XD55(:L*5$#[;AQCX52\"A,FZZMW,U79@I,+*?WP*R/$CY M'U!+ P04 " .8S].T8+/GK?&+-E"UK8.^RA\S-)$P8 -DA 9 >&PO=V]R:W-H965T6W:AUC/?J^V^ZKJ_&ZK@^7DTGU MN(Z[O+HH#G'?_.>I*'=YW?PLGR?5H8SYJBNTVTZ4$&ZRRS?[\6S:7;LO9]/B MI=YN]O&^'%4ONUU>_GL3M\7;U5B.WR]\W3ROZ_;"9#8]Y,_QCUC_>;@OFU^3 M4RVKS2[NJTVQ'Y7QZ6I\+2_OG&\+=(J_-O&M.OL^:F_EH2B^M3]^75V-19M1 MW,;'NJTB;SY>XSQNMVU-31[_])6.3S';@N??WVN_[6Z^N9F'O(KS8OOW9E6O MK\9A/%K%I_QE6W\MWNYB?T-V/.KO_K?X&K>-O,VDB?%8;*ON[^CQI:J+75]+ MD\HN_W[\W.R[S[>^_O=BN(#J"ZA3 25_6$#W!?1G"YB^@/EL =L7L!\%_ \+ MN+Z ^VP$WQ?PGRT0^@+AHT#H>OS8'5W_+O(ZGTW+XFU4'H?H(6^=("]#,X(> MVXO=@.G^UW1QU5Q]G6GKIY/7MJ)>:J (%, M"DWQOR(Q!)<@DDTC21I)L+TM(:2OI0*14ACUHO-(UK.!,/0D()KW:2!- F4J MT\F=+X#,"R\46I+R7?E!CZ"D _I/,0%&5,' QI!2"=$9\A$;?KPU!5 M *I9NH)4%(/*&CJ+*4I5906[G%*8EXKRDJRF%%BN"AF"UC+-B2J#]=ZEXW\) MA-YY9S67/::P A3.4@KWHO,&U7P[:4QB#1:X6<*]+YJBN-OT,)$P834@;,9M MHC$1-2!B1K;12,3LHS6S6P>HRYAY5&/D:( H_(S2NPF!C&62L-%4@ M,L(P<;"M#+65$8RM#+:5^8RM@(A/%=O*4%L9;@=GF",NZA@CTIG3LT\ZI\K@Z9$: MT"FA)7L8BREA 24DPT2+*6$! &2R)KFS=*>A)3.C64P)"R@A&=!83 D+*"&3 MU=^-!4?A6K";-,L<BKHN=MWSY:>BJ&.3 MI;AHFG0=\]7IQS8^U>U7WWPOCR\;''_4Q:%_D6)R>IMC]A]02P,$% @ M#F,_3EX&U:TM P G@P !D !X;"]W;W)K&UL MC5=M;YLP$/XKB.\MV,8&HB12\Z9-VJ1JT[;/-'$25, 9.$GW[V<;2H-]M/T2 ML/,\=\^=#^Z87D7]W!PYE]Y+653-S#]*>9H$0;,]\C)K[L6)5^J?O:C+3*IE M?0B:4\VSG2&518##D 5EEE?^?&KV'NOY5)QED5?\L?::-'?CA*O1',IZ?LP']R^>OT6*M5T%O9Y26OFEQ47LWW,_\!33:(:H)!_,[Y MM;FY]W0H3T(\Z\77W

\*W4)C)UN? E+PIM2>GXVQGU>Y^:>'O_:GUC M@E?!/&4-7XKB3[Z3QYF?^-Z.[[-S(7^(ZQ?>!41]KXO^&[_P0L&U$N5C*XK& M_'K;._NO-)B .P+N"6UR1@FD(Y W0O0N(>H(T1N! MO4N@'8%^U@/K",PB!&VR3/97FF- KY6^50SDA23V8:P_ M!]M\"!NH3D#5":#:RLTJ-)56&4VKI=F,IC8J<;@%'U((Z\Y!'8\1X0!O+-;$_8U4W# ML:<'P0T)$<=3&HU8@#L2BC[?TQ#A%0#GAG#]D)(KN2']TK^47TL](N"[Z6^C=5]W4[,[4**4_&PO=V]R:W-H965T MLHK5 [ M(4P29<_;3R<$A-5_E!LA\5N'7H?N10]V>?&K7%E;]7YGZ::\Z:^J:GL=!.7+ MRF9)>95O[<;]YS4OLJ1RC\5;4&X+FRP;H2P-!&-AD"7K37\X:-X]%<-!_EZE MZXU]*GKE>Y8EQ7\CF^:[FS[O'U[\7+^MJOI%,!QLDS?[IZW^VCX5[BDX:EFN M,[LIU_FF5]C7F_XMOUYP4PLTQ-]KNRM/OO?JI3SG^:_Z8;J\Z;/:(YO:EZI6 MD;B/#SNV:5IK_L!\V=7CMB;/QDJ=E\[?W\EY6>=9J<:YDR>_]YWK3 M?.Y:_0\?MO4?O-/5ZVE>_LQ5#(:!!^UII89[1EQRHCPG)GY##\2 M@7/AZ(> ?HR$)R_.+8Q]0LGXG+D#S#EQ#PC%SID'GY'R')D@-?R<>02,,.?, M%.DA"Y]]&YKY]PXO?,1(G"")"T4V"N29IQT:%-:@&@WJ1$-$0C;:(V&#;/9+ ME294),UC@$6QEII4@X])H5A$M-W[&#?,:.+;@X\9HSBQ.4'*C*:%^@@PQ@Q= MZ-3'8JXYZ<\94B8$$Z0&YCZGE!&"+'3A8R$3AG4D6^-D:R_92I%>G.T9?6+H M#RX86=T<43PF+;" %&/8YQ#[' *?27YGH6\GCB.RLCF@I(S(/K- 5"@$]ME@ MGPWPF>[-QK/#&6>1)(F?^YS;C+SN6_B8CDT<=>SW$?8[ GZ3S7$6>89 J'T( M1!I G8&.L<,Q<)@V8HR*@_;^'%!2AK0+$>7Z$/M<#QOP=&? :^+/K(5"6A^& MU-$<@'6!A"0,"\#I.&*LHT)XUVC"_2-'=W0TQV/%+1?^H4/*;-0RIZ$6)HI# M4FECQ$52T?/D#G):T'#>0\Y%DVS;#XB+!3?$OPGD(DW'N4? 22XD/($[&YF1[.$]]Q\#"I9]Z;[*5_M8H:%N/$<5IFNX0 M)6D0[B&EO)0CBI[[$T2%,:/I!I0.O63[E)#"VRI0O&A#S1%EA*9I1A9/FN0\ MR1TS)0=#94R3K$!],L'I#PS(J= (FFC$A:&F/S4@YPR'--F BZ6B(\X$<)*Y M0<_K;\!Q&=%#<8HXP5A$1QXT+B/*3#"W221=0+LG>CH B07\&+B!E-$ER<'*EE=GBK;F\+7LO M^?NFJG>!D[?'"^);45^)D?]OHW\DQ=MZ4_:>\ZK* ML^:V[#7/*^N<=V'N]U8V61X?4OM:U5^-^U[L;X'W#U6^;6^X@^,U^_!_4$L# M!!0 ( YC/TY/&PO=V]R:W-H965TBDL@6\'HR0;558 2(*:EHV?9W9N+_*,7U55-FPO/'FM:RK^/K.*=UL? M^O>)E_)2*#,1Y%E++^PG4[_:O="C8&0YE35K9,D;3[#SUO\$-SN(3(!%O):L MDY.^9ZP<.'\S@V^GK0^,(E:QHS(45# MFSE0R7:\^EV>5+'UB>^=V)E>*_7"NZ]L,!3[WN#^.[NQ2L.-$KW'D5?2?KWC M52I>#RQ:2DW?^[9L;-L-_/"=YY MHL]62\U/ 3>A/LRCF;1G9]>T6ZEG;WD4HRRX&:(!\]QCT 0S0^R6B# <(8$6 M,*I 3A7(QH'L1%RP%*3$+8ARXB,0@?9"AU"DH=0AZ\,]! MX+[*8'V.X(-J %=D:0!-_:8 0SRO"4L8)H0\.!3H+@P0K6:BO; P6 MDI; %..(@)FF8%(]S7/V@XI+V4COP)4NQ+9"*#\9W._P%02P,$% @ #F,_3D/2->9\ @ - D !D M !X;"]W;W)K&ULE5;;CILP$/T5Q *OH27SAS?(XG8WMU8_Q-G"F5SGM= M-6+MGJ5LGSU/[,^T)N*)M;117XZ,UT2J(3]YHN64'$Q077F![R=>3%5NRV=L&]3[R6I[/4$]YFU9(3_4[ECW;+U<@; M6 YE31M1LL;A]+AV/\!S 8D.,(B?);V)4=_15G:,O>G!E\/:];4B6M&]U!1$ M-5=:T*K23$K'[Y[4'=;4@>/^G?V3,:_,[(B@!:M^E0=Y7KN9ZQSHD5PJ^J65@FLE:HT]JX3Y=?87(5G=LR@I-7GOVK(Q[:WGOX?A 4$? M$ P!$/TS(.P#PDF URDS5C\2238KSFX.[[+5$OVG@.=0;>9>3YJ],]^46Z%F MKYLHSE;>51/UF)<.$XPPP2.BL!%A.$ \)6!0$: J A,?/JC(<8(0)0@-030F M2/R)C0Z3&$QC,'GN1Q,G-B@-(,&E1*B4")$"$RD=)AZMDL7^!%38(*4DQJ7$ MJ)38EN)G.$&"$B3+\Y*B!.F"O*26SQSR9+(9-BA6V<.E9*B4;$%>,FL5F&(* M&Q/Y*2XD1X7DMA"8<0(^7K3^\KS 3-W#@LSTH+'7$.)I[=N@* QFQ.#E#\&" MW/2@^*$T@WRJQD9E,),>P,\20 X3@!D*_ R Z#\2A-S8C!SP%(EB0HLJ/K2[\GOA%^*AOA[)A4-Z&YKXZ, M2:H(_2=E[*R>,,.@HD>INZGJ\^X>[P:2M?T;Q1L>2IN_4$L#!!0 ( YC M/T[2>#%P.0( 'L& 9 >&PO=V]R:W-H965T,#7.6?UL::K&V6+=F2YBZ[^TQ;6LU5<4#KW=L/T#HOLF5?A!^> MBU=9,J:"MZ9NY28LE>K6421/)6NH?.(=:_6;"Q<-5;H4UTAV@M&S M)35U!.,XB1I:M6&1V[&#*')^4W75LH,(Y*UIJ/BU937O-R$('P//U;549B J M\HY>V3>FOG<'H:MH4CE7#6MEQ=M L,LF_ #6^\3@+>"E8KV<]0.3Y,CYJRD^ MGS=A; RQFIV44:"ZN;,=JVLCI&W\'#7#:4I#G/71^K1>X$3F$=W(S1BM@,&SC .8K=$(/0>LE]"TC^02'N< MC$*O46CY:,8'"?$+(*\ L@+X75+'Y'; )!;3#DD3% .R7)Q"$/_%./$:)Q[C MCJ$M64Z4H2R-'=]+&%EE&0".[24L35.X2OVN$Z_K9.$:.=N_31;;FD*"$'&. MT\Z# S@%R$FW7^*2-(T3XI[O:/95FVOY*Q77JI7!D2M]0=C/^,*Y8EHS?M*K M4.H_P534[*),-]5],=R'0Z%X-U[UT?2_*7X#4$L#!!0 ( YC/TXNS]V% M5@( @' 9 >&PO=V]R:W-H965TU#>&(<>\EV,O,[.SBK+.! MLE=>$2*$7S2I+8!T/,0 M:''=N7FF8P>69_0JFKHC!^;P:]MB]G='&CIL7=^]!U[J2R54 .19CR_D!Q$_ M^P.3.S"KG.J6=+RFG>L^^YLB5G@-^%63@2_6CJKD2.FKVGP];5U/&2(- M*852P/)Q(WO2-$I(VO@S:;IS2D5Z/"%3/5$KC,5_XW<2"/ARHG,4=*&ZU^GO')!VTE%6FGQV_BL._T<)OT[ MS4Z $P'.!!]]2 @F0O!."#\DA!,A- A@+$7WIL "YQFC@\/&K]MC=8C\32B[ M7ZJ@;K9^)]O#9?26APAEX*:$)LQNQ, %QI\10*K/*: MQ0ZNZ/ QP7Z-"()' M2+&&Q('=1&"M,]#\X*'.V"X06@5"+1 ^""1&HT8,TIANK!0BY/M&N6N8GR O MC8V2+; P#=/$[CJRNHXLKE/#]8B)EGEBF'@&;&^!)7[L&[#" D->Y"&[:V1U MC=:N8\]PC59Y/BDW,#)LVW"A#ST#5]AP,$B]_QR2V&H\MA@WOOXNMAR2.$Q- MWS;8^BP5:YAQED;78#$/6L(N>M9RIZ373JB_U2(ZC_-GJ.:)$=_),3].Y7>9 M\8[XCMFE[KASI$).*SU3SI0*(EUZ3[*OE;R6YDU#SD(M8[EFXW >-X+VT[T# MYLLO_P=02P,$% @ #F,_3F*L[/Z: @ M0@ !D !X;"]W;W)K&ULC5;MCN(@%'V5I@\P+2U0:]1D_,INLIN8VQ#=[[NIF&L!=&*%E)G(.IQI@M:53J1DO&[SQD. M0VKB??N:?6V\*R];(NB"5;_*G3Q.PU$8[.B>G"KYQBY?:.\'A4%O_AL]TTK! MM1(U1L$J8?Z#XB0DJ_LL2DI-/KMGV9CGI<]_I?D)24](!H(:^QDA[0GIC0"? M$F!/@#<"?DI /0'][PBX)V"+$'7%,M5?$DEF$\XN >_F3TOT- 5CK+YOH8/F MZEX4"#%MB $\\:4ZD[LC]):^ M.]"_$WXH&Q%LF50;O]F>]XQ)JL3'+ZK61W6'&#H5W4O=S%2;=R=IUY&L[2\) MT7!3F?T%4$L#!!0 ( YC/TZ$+_\RZ $ / $ 9 >&PO=V]R:W-H M965T;-FF3R3;;/C-Z M'$1-5"3\0# M&V%0;QK&>R)5R<](C!Q(;4@]18'GQ:@GW> 6F>D=>9&QBZ3= $?NB$O?$_[W M$2B;O(^C]U@QFG1O]'LA& A!"O!#_]+P L![PAH=F:B/A%)BHRSR>'S MQQJ)/A/^ :O-K'33[)UYI](*U;T681)GZ*J%%LSCC DVF. CHKQ'8+Q"D#*P MN@BL+@+#QQN^'T=V 6P5P$8@_! CV<68,;'!##/&\_ .5=ZC_##P$L_N)K2Z M"2UNTIV;&1-MUOF$_72'*BVH!,=I;'<36=U$%C>?=VZBN]1JE7"'*N]1<8K3 M<&<&;O@M^$'[N!N&&PO=V]R M:W-H965TMD?A'-BSQRKKS7LJCDPC\J5<^" M0&Z/O&3R3M2\TE_VHBF9TL?F$,BZX6S7*I5%0!"*@Y+EE;^/S7(N3JK( M*_[8>/)4EJSYN^*%N"Q\[+]=/.6'HS(7P7)>LP/_P=7/^K'1IV! V>4EKV0N M*J_A^X5_CV,&WRD P_3CS-2\* M@Z3M^-.#^@.G41R_OZ%_;IW7SCPSR=>B^)WOU''AI[ZWXWMV*M23N'SAO4/4 M]WKOO_$S+[2XL41S;$4AVU]O>Y)*E#V*-J5DK]TSK]KGI?N29+T:K$!Z!3(H M4/RN0M@KA(,">5\AZA6BCRK07H%:"D'G>QO,#5-L.6_$Q6NZ>JB9*3L\HSI= M6W/99J?]IN,I]>UY&:5H'IP-4"^SZF3(6(;$US)K5P8/$H&V8#"#0&:LB$N1 M8HO"E0ECR]0-)&/A/$!8P@ 1"!"U -&5!:$5]$Z&MC)5 M1Y+ '!3DH !'9'%0AR.*$8)98I E!EBHQ=+)Q".63RE&R$K=&A##.$HS*\,0 M6D@3JQX?0#0TD:4$]"T!?+-H5HF;)7KEVQ5/"O*D $]B>9TZ/&0R4QG(DCE% M&Z4I#( 1/"J0:V@2VG, .8%/4!9;-;'IQ<8.I6E&B95% VC))HP>V+"82"^ MV00$.)WN,;DA>/#,P*%K16:W "2$)D83AD<+!F:+FZ3("2O-R%0]87C 8&#" M9!-#'\/3 \MOXI813NT)M,%N-T=T,BIP,V.@F[.I%,*=BF]H M50*W*OE JZZ(VUPAGO27P-U%@.[*P@D(N+O(#=U%X.XB0./8_FYZH:NJ#]U9 M'8Q6IY(WAW:/E=Y6G"IEUH;1[; KWQ.S>EGW:[U#=RO9?YAN ?_.FD->2>]9 M*+W8M>O77@C%M97H3I??4>_\PZ'@>V5>$_W>=(MO=U"B[I?Z8/AGL?P'4$L# M!!0 ( YC/TX[1[?HB@, (L0 9 >&PO=V]R:W-H965T.O%*_ M[$1=9E)]UON@.=8\VW9"91$0A**@S/+*7\RZM:=Z,1,G6>05?ZJ]YE266?UW MR0MQF?O8?UOXGN\/LET(%K-CMN<_N/QY?*K55S"P;/.25TTN*J_FN[G_@.\? M*6D%.L2OG%^:T;O7NO(LQ$O[\64[]U%K$2_X1K84F7J<^8H71-L+([]I&$-A,C.#&1Q\7T5*#QADA(8H,?U8 M#*?$2B\ 2U+BJ$CLF%=X0DUJ$/N@* $85)4:-JTL,3@#'S !S*8."G@RX1M& M$X9G$[:'$T.AZ6X/2D;NHCOL*BYX0&%[0C'$'!3P[,'1#>["PP!#TR R:R6V MLLN2R*P4&Y3@Q PN\$H*-F0ZSVLR&.D47A84&!88$=1RX*=S#%TR-&X0ZF MT/YJ1DR#G#M;'[2/4+TYP>B"5?)ZW]UV&V\C3I5L+R"CU>%&_=!=J(WU);Y? M]_?B_S3]-?U;5N_SJO&>A537O^Z2MA-"/$_D!51$W+$&:O7FQ'A%I-KRLR<:#N1H2!7U M_'7D7*VEUGYFS/UQF[ M2%K6L.>.N%05X?\V0%F[RYVGF#RK&LH!8E MJQT.IY7[B!YVR! ,XG<)K1BM'5W*@;%GO?EV7+F^S@@HY%)+$/6XPA8HU4HJ MC[^]J#O$U,3Q^J;^Q12OBCD0 5M&_Y1'6:S@"JXS43%R1H7Y=O*+D*SJ550J%7GIGF5MGFWW!M]H=D+0$X*!$*3O$L*> M$+X2T+N$J"=$,X+7E6*\V1%)UAEGK<.[ZVV(_A6AATBYG^M#8[9YI^P1ZO2Z MCE&0>5P"D54@,@+12"")9UYU$&P@=>>5C](T#&?5;)? -$X2G.)9U4M< M@A,+Q(/$;SS#M,/ J$[2&P-02VA'A#(+$*))^_G=0JD'Y\.^G2 M=-4BU6=V.>G"BR2TX'9+'(ZGN$G>]]:\[RW.)78!Y-O_Q/[GO4-O] 'TL7L] M9O+CQC;[;$!D\\\&]&T&>J-^5@$_FUDAG)Q=:JE[PNATF$>/@>Z'L_.-GE.F M3[[*=$/N!^'GLA;.@4G5;4U//#$F0>7IWZDK+M1<'3843E(O$[7FW7#I-I(U M_>#TANF]_@]02P,$% @ #F,_3M?WX!4/"0 >C0 !D !X;"]W;W)K M&ULE5MI3UM+$OTKEK_GN;?J!0%2@+#9(T5O-#.? M';@L>EX8VX0W_W[ZVH;85:?(M2(%;$[7K:ZN/K5TW^.W^>*OY5/3K'I_3R>S MY4G_:;5Z.1H,EG=/S72\_&/^TLSJ7Q[FB^EX53\N'@?+ET4SOE\/FDX&SI@X MF(Z?9_W3X_5WWQ>GQ_/7U>1YUGQ?]):OT^EX\;^S9C)_.^G;_OL7?SX_/JW: M+P:GQR_CQ^:?S>I?+]\7]=/@0\K]\[29+9_GL]ZB>3CI?[5'HUS: 6O$OY^; MM^7.[[UV*C_F\[_:#S?W)WW3:M1,FKM5*V)KWMK,? M-3^;286WFM1GW,TGR_7_O;O7Y6H^W4JIJDS'?V]^/L_6/]^V\M^'X0%N.\!] M#*C/_FR WP[POP:$3P>$[8#0=0!M!U#7 7$[('8=D+8#4M3L@=QU0M@-* MUP'6O*^<^34D?C[D8[%MYZ>\+[=U;,A@XUAK3[T8K\:GQXOY6V^QV6POXW9/ MVZ,ZJ@IOOUW[_OJ/U5N7]=N?IV3S\>!G*VF+.=M@W XFN+B/N948^X$85!4^ M]'!0CS,GQKO])YQ+1/!E'W,!,/N(;P 1S#[F4F*\WX=<(3%V'W,-,"[M8VZ0 M'#;QV]^:9OA[A4<2DCQ>((\=Q:\%^#U'"5A"P!+"6D+858'85#>0N(;,-EYD M;,[>,]L.)3!32C$SMQQ)7(HIDC=8<\*:D] \"-4W&-IY4BDA,'V&$F5+_<<6 M=(1@WD>L=,1*1ZFT8_OE.DHS&L.VPVT4RC#$4"*RLX&(J/;,$O (YB28ZM^#>)LR494]@^O@3R M4@FY,/VN ,YZ:XAQ^W46J^*,LYF8I]P _:(K.66\ @6O0)%KZ)0XT<9/&+ , M6$5FS;,M:'=:WI50&(V<(UP.,3,K70!<,,4F9O5O .=KM3$5A') MB]D%OH\!SCI'@8<;A//%14YF$%MF?G: UPD0\37'N!R#N3YVDNR",3HN=K+W'M M8PO?P0CG*$6>;D!(7ZV3 +\%[2E/ MNR%M_U%*KF,]X!C.Q%O0ODOSX'D%4"10-P#UF=I*@F5EAF5Y(GB[!7T6SG\/ M&0%(I*2HJV155J95Y +??3(5\JEP UX"V)2 MW]D$YJ;)4#(\F[M7*5;)46SID.UO0;L33B'PO&$(8&0]I]P1@#F3E.36*8F1 M,]V3*Z?$5R?CJTBN;AT(3"7RVF*(8-;R1'4$8-F6HBFN! MB+R1,P2X-J$5N07"!3)6TUWA'H>X1REMG,(][@#N<0KWN"[(QQ] /%XA'M^%>#Q@E%P"[U<.$<[4HH09<@1Q-<56-H]7 MN,H2T^2L$Y4'_ MRVOS5PC*@PZ.V@96^"+(#HYTGB ;!LE'T0:6J%Q$YQ&@O,]*^SLH#!5L=^\) M"E,$Q!3<>P)@BE1JY.=S1[CL>*M\A'#.6%)8+BC4$Q#U*.5+T$X #J">H%!/ MZ$(] =(%YV2$BJ7P, %@N42%=8-"/N$ \@D*^80NY!,D69"UHB,W!#CG"G%^ M'D$$> M.H![2.$>ZL(])+GB2^L\O"TS1,"4LCS( KA8*&GG;PKY4(>&W)!D$ZW6I5J* M10I'$:C@M%8&:>>%!Y13I! &=2FG"/1=<[M).N?[#67B0JG1, I3@F-4=GB$6QQC=NBLL6C MW.*"VJ+;P&L%L<^ M\[LG %=CI8V\SX=PV5JMPQNU6PV2%HOFO I!17230/,\A:"B3&>DYZ&[!*$] M-^:^ARX)E)1XP7@!@;:Z0N;^AZX3N&#YX>8EDIA\3CS@7R%@#0W61.Z%\"9# MH!RX'P(@Y>H2EGNBO*-02FZ/\[DK2F!NCU9%3@: *10*1O,")<1$%&(4ATY* M\$B@>Z9Y8U*"1P+'XISX$^BS^_:*"3,BP,7*7(D7U1!7DE6ZIDF)60FDI5YI MW"IP^VT)%OMMFY2*]H2"$@Q6,L=$0%#<624["$I@3"!HU2O MK83"K E4J*H5M3M:,O>35D3=L1#$99HA H82O#@"04"7*6N!(2FDGE"-JK1) MDD()Z8 :-2N4D&4^*:R8T0T=8XWHKR*@C3GQ4#!"0.,I:.<@62&C#%KY05F) MK+!"=@=846&%+'-4:45P[R*4)%QL"(%D:E#E5@1 Y\D6S8H*'V7)1Q24"B@K MK)!!&:I:46&%+/,M:45PJ!UR^Q+'MW\]?9JM5RY]N/ M%V6^NO;5 /;]F3VZL>#[6WLTVKP&\TO\YJV_'?+6:3]=O#3S, MYZNF:F_^J*O_U(SO/SY,FH=5^VL;FA:;MV$V'U;SEY/-FSZ#C]>-3O\/4$L# M!!0 ( YC/TZ ;QL=+ , ',- 9 >&PO=V]R:W-H965T? M#90R^ZB((@7LO'N^>_&=SXNKJI^;DY0Z>"V+JEF&)ZW/=U'4[$ZRS)I/ZBPK M\\M!U66FS; ^1LVYEMF^-2J+",R4-=EB,*WB-)V(EHMSME1_I#ZY_FA-J-H8-GGI:R:7%5!+0_+\![= M;3&S!BWB5RZOS>@]L*$\*?5L!U_WRS"V'LE"[K2ER,SC16YD45@FX\>?GC0< MUK2&X_[2Z-5V;,85\KLM7OF5?N\]OQO9K ![@WP8(#XAP:D-R#O M!O1# ]H;4,<@ZD)IM=EF.ELM:G4-ZN[O/6=V%Z$[:M3?VLRZP^ 1!@V(R+ /2V!HB37VS/'_"VQ\!'%\V/J0A,!.$#!.TMJ3 M<9R(P@04)* M 1T1T(0Y0G48WF*J%B,$I=R)UD$) @X2\/FJ)2!!,D.U#L-&@2:4IJFCFH]BB'!7-!^%XT3 'J>@QRF@60(3 M")! S-<,Q7!.QC-4ZT'C4%-$8TN AQ-T\!E$AB=\4WJ E\U%,N D;C3K/4M;'MJMO@IVZ5-HV<*/9X>9PCVWGZLROS8VBZ__? M:;KKR/>L/N95$SPI;?KBMGL]**6E\3'^9'P\F1O0,"CD0=O7Q+S7W36@&VAU M[J\XT7#/6OT#4$L#!!0 ( YC/T[(O'_T?P, .P/ 9 >&PO=V]R M:W-H965TVI6 M"W7295'+IR9H3U65-_\>9*G.RY"&KQO?BOU!=QO1:G',]_*[U#^.3XU911>6 M;5')NBU4'31RMPSOZ=TCZPUZQ,]"GMO)?="%\JS4[V[Q>;L,2>>1+.5&=Q2Y MN;S(M2S+CLGX\6 1!B,T7^1+[(T\,X3<\9&E6W_&VQ.K5;5R&)>@&1[O,>_>(GK' MC?J;;K,7N__/R-.:W9>5X'P1O71$(^9AP, $0R^(R+!?C@#LB =PS.'Z@+6+ M8.P:\NA"$H8[P= X66_/KN(4. %'"7A/P*9Y2U+4WQ11S"-YAA)D\Q6C!$](,D.S$30-58"-6F,H2A-+-0S%!/$X M[:DB%!$N]5"@5>*>P@W2X3E.V1SIF!,N3YWW#46E=E'"4)GP.8W7%>H6%L%\ MZN-Y3L4-TN&93N,YTL5.N(RD=C''4(Q06SH$%?M*.L6K"W7+BV">UD3QA*?I M#=+A*4^S.=)E[IL"B9.P"(KSS);.174-Q-.2\2H#;I41##P4>,X#G2\=X#D/ M,$.Z$30--TZ$U2[7"$JD8#=5E(OYI,.K#+A51OBZ#. Y#_P&Z?"Y(]() M)UR:9L31SH69QCGY5!C%0V# 8T]_!+S0@%MH,NYAP+,>DAO$P[,>W#Z/B)>Z MR6B:;&R+A\ 2R!SQ7)@@G'H^QP O->"6&DX\% Q/?$;FJ\?PQ&=NLW?5&T%7 MW\+4:;,(BB7$_J[#4"*S"WTT&7DJV>S[<;(--NI4ZVYRF.Q>1M9[Z$8F:__! MC++#X/E&,\S!7_-F7]1M\*RT&&UL?53;;J,P$/T5Q/O6W$+2")":1-6N MM"M%777WV8'AHMJ8VD[H_OW:QJ&$H+Y@S_B<,Q<\3GK&WT0-()T/2EJ1NK64 MW18AD== L7A@';3JI&2<8JE,7B'1<<"%(5&" L^+$<5-ZV:)\1UYEK"S)$T+ M1^Z(,Z68_]L!87WJ^N[5\=)4M=0.E"4=KN WR-?NR)6%1I6BH="*AK4.AS)U MG_SM(=)X _C30"\F>T=7H;R7;!7%";IH(8O9 M#9A@@O%'!%+J8XA@*<0NN*,'MP'V]X@PO(4<[B'K<#F)<+'.T/##FSK7RP+1 MHD!D!*(;@Y3]N5K-Z%Z0V83C/&$U^,P5>F1$2 M3L[.K=3=FGC'*7T*]#69^7=J>H=A^Y091O\7YE73"N?$I+J$YJJ4C$E027H/ M:IYJ]=J,!H%2ZNU:[?DP?$S2^:=E_4$L#!!0 ( YC/TX$7%*P MA0< -TI 9 >&PO=V]R:W-H965T H$7;OQ7[' N5=*YTB=MO7YZDN-+NT% "(Y;D M(36W1\X,>;QY[7=_[)^[;IC\M5EO][?3YV%X^3";[1^>N\UR_T/_TFWK7Y[Z MW68YU+>[S[/]RZY;/AX:;=:SX%R<;9:K[?3NYO#9Q]W=3?]E6*^VW5E^[G[IAE]?/N[JN]E;+X^K3;?= MK_KM9-<]W4Y_]!\6,8X-#HC?5MWK_NSU9+R43WW_Q_CFOX^W4S>ZH\_CQU.GW[SK'A^>MOO?]TN/AZ,9^6^V[>KW]?/0[/M],\ MG3QV3\LOZ^'G_O4_W>F"9#HY7?W_NJ_=NL)')O4['OKU_O#_Y.'+?N@WIUXJ MEC:!GQJP*K!['@IA]HLEL/R M[F;7OTYVQ]O[LAQ'D?_ M?H/XX>'8A_^5LNSKY]^O1,N-[.O8T-8@+)"Z N")T+_:+"I7D%&\+DUR*]XJVA:640DZ8=82LHV%-ZO;? M1_LU08A$#:.=3*"DJXA988HY1 M*\,"=YBK[6#F&3+/AKF$B#LHL(-RO39XAV707:$.)Y!,1+HU3LD$=:[H/5RC$"70Q M]T/08WL.8(DD:6$#L"J S V)\-A+O#43(Q(GS,6L]J'^:.( 1R(Y:N8 EZ,T M2X[-Q ,W,16WZI\;83;RU$PFMVX:EWN:@Q;+K+Z7B\"UMN TKO6BP#B=IUU)KT#'$F)HO4"X>IX"JV[CP4W MH/RN]2+8R)U+B-$,78!+,8O6"X"+F2@U\F# 0A]LB+=Z$6SLSD+!:^865M=! M3E_A N$RU>G98([])5A_L7H!8C>S1&/0"$@LHO/^ @%]E?V610?L, $XC*FZ M-00?G:\%U>0!D',M:=+D 9#(Y98]!NPQP7J,4&,=0UCLR7W')@667$)IWFQ3 M@#2?V6P_S!%.?#0+$83S);K&I",LN(32O-8+LOF[6D75=TT=X$B&DG,__$W.P/52H^(9.$/86 MLMXBY!M=8)&G]!TZ@:664)@W.F&5L:Y"F'4D!KA02B[:)A!.+K:%+JECH244 MYHU.V/1=ET9.YX4YPM7!6/2Z'^*XN37(6. 9;1/I80$2QSUCH! M8.+(-?2-L:NP=16C$VQ-((T"H"L.<'4YYY(A#OK+%^NL2^;85!B8BBFX]8#, M1?3PG2/ M:SRCC2(S5T2)M#8/(4= S%/3HG#;43["]B_46HL>$D M6.K%7Z\9@C574)#7FB$@>->AIG=]$(R2#LT+ O1E<:X%:RX@E*\%@RQN3ND M6++6"X2+V6G< N&JBW-#+00KO:!M(O.LU"9O7].K>59J856_] U<()APDS>V M%['V8J1"K!L0U^FF Q'"$;/>!5T 7,U7-:LTF&-W$> NIN#6"L83-=ELS &@ MYU@"Z1B*>B3Q36L4;"YBS:6TYCC6>,G?(1-8:07E>",30!CAD0H$A& M/5Z!W25:=[$'+,##7'S" @#Q$0L+?/>,1<06$X'%F+*#?2(I]9^I.P ZJC^F M\*C'F(MOI(N(328"DVGM\46L]U&NEXW8.%]SA?">,.<'IR2%HI^)SP$NUN6_ MV25$N)KVC.K.SH[-C0^'[K:I_NAEN*Y6SZ^ MO5EW3\/X,M77N^.!P^.;H7\Y'::&PO=V]R:W-H965TN[:7Z[!6:GB.(GFH64?E$Q]8KY^;/MRL[-Y.;%;\HMJF9SL1R$O74?%WRUI^6XP$WH5S2['IF.];'@?"'9:AY_0KBRBK6M<=(O6X(B5?1U1A-FNVHP0\:_%%1^8HDF261!I@I,$B!;7SR$(_R M!8,$-$BL0?JA#.24,6HRJ^E'2.2I*D"5Q]D"3 K"I ",TZ2YRP*( M2);#* 1$(0!*XJ 0+PLJ258X++X*XP0OP&0@3 ; I Y,YJ4A*2F=+[+R51DN MR0),#L+D QQ8'(O38K+U#T97T5*DJ8P3 '"%-[W3T@&&Y2@00E4DSO5E/X; M1#$IG6H 58&6CA;%<%.) 9S"[2HQP).[C<47Y7&\ +/0X1 4[HPR/O;8X3S MS,4!9$7AG4[TT'W-=?B#BG/3RV#/E6[DMMV>.%=,6\9/NK9:W\#SHF4G9::Y MGHOQ&AH7B@_3%1O-]_SF'U!+ P04 " .8S].'KDZ=7\" G" &0 M 'AL+W=O.0\L*M9 ^XAYU_,D)DQ8ROB1GA_8$P:,DM8WCNV[DM+#N[#R3>\\D MS_"%-76'GHE%+VT+R=\"-7C8VIY]VWBISQ43&TZ>]?",?B+VVC\3OG)FE6/= MHH[6N+,(.FWM)V^S]R1!(G[5:*"+N252.6#\)A;?CEO;%8Y0@THF)" ?KFB' MFD8H<1]_)E%[CBF(R_E-_8M,GB=S@!3MV=40G>&G8"QZ^HBFA MT+:F[+^C*VHX7#CA,4K<4/EKE1?*<#NI<"LM?!_'NI/C,.G?:&:"/Q'\F>!% MGQ*"B1!\$,"G!# 1@$)PQE1D;?:0P3PC>+#(^'I[*$Z1MP&\^J78E,66SWAY M*-^]YF'D9LY5"$V88L3X"XPW(QRN/H?P32$*7Z/[ZP ['1$$:\A>A\2!V41@ MS#.0_&"5YYTL@%$ 2 &P% ")4J@1$TE,)S$/?I0JY=SI*"]-0B5?@U02!+'9 M<6AT'.J.(Z7RQ8@)EUY\SU4=ZZ@4J*"]0,]T;#0=ZZ9#Y6T6L68'^*EZ?':QYB9,0P#,9A*CF<10 M0:"82;0P8/7.5V%28YC4$"8T"WBNN>^X__]!>G=:EV=P$:F]RP12/R-GT2U; M1,[R)J)6B2\=$TUGL3O?=D^^Z+;*?B%N0=F%/V3&*_0').>ZH]8!,][+9<<] M8&UL ME5AK;Z,X%/TKB.\[X <&JB12DW:U(\U(U8QV]S--G(<&7%7QHSQ*J9V?69J72_>H]?G!\\KM469)^4F=95Y]LU=% MENCJMCAXY;F0R:X)RE*/^K[PLN24NZM%\^RE6"W41:>G7+X43GG)LJ3XM9:I MNBY=XKX_^'8Z''7]P%LMSLE!?I?Z[_-+4=UYMRR[4R;S\J1RIY#[I?M('IXY MK0,:Q#\G>2U[UTY=RJM2/^J;S[NEZ]>,9"JWNDZ15!]O MQJP#^]?OV?]LBJ^*>4U*N5'IOZ>=/B[=R'5V@FJYM_;"9 MG>:[JI]E]?1M%8AHX;W5B3K,NL70'H;<$%Z5_38$14.LZ2"9(.2830C+AD(P]5^%@%.;3R!?"8H-POHC%2',BR"<"S0DL0M&P["B.";?; M,\0Q*E@8CC0HAH1B0$C@!,3'[N+/5Q09,2@R0U,=J%]OZ-=_5ENF<28E:&B/ MA )*(U--L-.0.ZR&8*\A<\RF _4+%K QDSB3$G8;@NS&VDV>("@>&0?;" $^ M$HU1Q>(GX1T3@/5*D&"M"7CN0'T;YR*@HXW%2B1 BM'8)HRE2.^0(L52I$B* M]O0B4$1'QL'ZHD!?TSLX>FZ,SZ_F:/&S:$[#?:=H#N:])<3CEI?.JM%99'?-[MI''U/U!+ P04 " .8S]. MQ SYJ,BGG2[O)RF_YSF[KO[SFQ2:K MZI_%VZ3<%39;M$:;]81'D9YLLM5V/)NVS[X7LVG^7JU76_N]&)7OFTU6_)?: M=;Z_'K/QYX,?J[=EU3R8S*:[[,W^M-5?N^]%_6MR:&6QVMAMN?ZK^?&\N!Y'C4=V;>=5TT16?WS86[M>-RW5 M?OSK&AT?^FP,C[]_MO[0#KX>S$M6VMM\_<]J42VOQ_%XM+"OV?NZ^I'OGZP; MD!J/W.C_L!]V7+U,.G6KPV(NZS*9M,BWX^*+J9W68,.NTKJD)LW#]L(:_]6QT19/_V8 MJ41,)Q]-0TZ3=AI^I&$'Q:1N_= %1UVDG)CS?@>W5*$2V=?<48WP_+RG$N-) M'E!/JJ]Y!!J=]#5/0&.BON89]:7QQ FX-J)M0/0Z"!)S8Q1=*RID0AIIB/+>$->; M165)T/L8>A]3[XV'709<2Z%(")M3C.*4:<12+O4Y8 MA!-H1)K0_H!2)^JQ(Q+9C^=N[$[:&[Q0ZD3HLT!F9\ QYCO&2&]&1QHZAJ3R MI&.P'MPP3A>&^,7)A D92\:!7YSX)86)HW"X,)QNF0 3Q@--X(3+Y.4IF^'L MR$!Z-'X> "(=B4 _.#4RFAM5')HPG+&8&3!:G#88R!M>B7IB(&]HQ4\%'DX( MC-*N(XF;X)AV'ET^9(ZYY(A+/V$XT24)@U,NSR0,CKGDE$L=J4 3&"$^8,O" M,4*<;EKJA.1/CQRZ/^"8-HY \C,&NUG@ M143BS""''!<$S@L PW3=*)AG!U"EP3.>_\3TB41PH8RIP[H;>+ .U06'>U #>%.9- M =YH[-%3*7-F;C%O"IU+D;D%HCBPG5482@5>+7F@"8VAU ->+34&32/0_!#7 M]-7R'-<:0ZG!04X<\AA#J0<4+8WQT1><2Z1]OS!N&I0W'CBC MT8'CZP&X:8R;!L?*! H"E0EC4'3YP]R4DT/P-;Z[*O.V.FS 0?!7$ YS--XD J9>J:J56BJ[J];<#FX#.8&H[X?KVM0V' M"+BGXP?VKF>&V77L9 /C+Z(&D,YK2SN1N[64_1XA4=;0$O' >NC4RIGQED@5 M\@L2/0=2&5)+D8]QC%K2=&Z1F=R1%QF[2MIT<.2.N+8MX7\?@;(A=SWW+?'4 M7&JI$ZC(>G*!GR!_]4>N(C2K5$T+G6A8YW XY^XG;W](-=X GAL8Q&+NZ$I. MC+WHX%N5NU@; @JEU I$#3UG(B Z._ MFTK6N9NZ3@5GJ)_DUX M^T UL]1)TSNSIJH5*GLK8C_,T$T+39C'$>,O,/X]XK!%!,$,0&PO=V]R:W-H965T""V<^;,G!G'X_E%R%=UY%P';U59JT5XU+J919':'GG%U$0TO#9O]D)6 M3)NI/$2JD9SMG%%51@2A-*I848?+N5M[E,NY..FRJ/FC#-2IJIC\M^*EN"Q" M'+XO/!6'H[8+T7+>L /_Q?5S\RC-+.I9=D7%:U6(.I!\OP@?\&R#J35PB-\% MOZC!.+!27H1XM9/ONT6(;$2\Y%MM*9AYG/F:EZ5E,G'\[4C#WJI19/2]3BN;1V1)UF%6+ M(0,,[A&18>]=$,C%BGCFY-K!VD=0>@W9^)",PD%04"=U]O1*YPT5,4@0.X)X MF 0)HC-,KI&H)BA.+4@VX@*"$D1D/HE8($5)!X"E(Z MJL0J\7Q11.*,^@)\9(X-GX_<^,@448+2F^&G8/@I$/Z-+9"!!-G]6V *$DR! M",9;H,7D [$83?)1[GP0328CI@T &C)=Q9N#\>9W%#SWBD/R.$F '>LC?Z9MQLG(0:\I3SX/5ON+ MP8/KE:/UE;TPN(;U0=/>-GXR>2AJ%;P(;=J>:TY[(30W<:*)J?/17'#Z2RZ)J%OY1RM-=$#3;(R^S9B).O%*_[$5=9E)]UH>@.=4\V[5&91%@&"9! MF>65OYRW8P_U"Y?R4'?A/ M+G^='FKU%?1>=GG)JR87E5?S_<*_A[L-"[5!B_B=\TLS>/=T*D]"/.N/;[N% M'^J(>,&W4KO(U..%KWE1:$\JCK_&J=]S:L/A^YOW+VWR*IFGK.%K4?S)=_*X M\&>^M^/[[%S(1W'YRDU"L>^9[+_S%UXHN(Y$<6Q%T;3_O>VYD:(T7E0H9?;: M/?.J?5Z,_SS>(/C2(C$%D&01=*NW<;#*9+>>UN'AU MM[RG3%<1W$5J]K=ZL)WL]C$VP'B,8NX9LQI IHX-@9)ZLM6=7>FX) S$"YBFP=& M$^I85B 5?0](L"0V2P=*A\L&$WMM"12#B34S&X,"-H!%D]@1--T!@!%!CUH= M&Q/-)HYV!W2G *(-H&N"Z3X \0T51ZL*U@5U%8T6\H3"NPP:M/B0VZMC>=$B08TM 6J)( M[-6QHUDC+5%,;B@#6GTX5M]8Y03(J7*D)8K$'AJ[=$-+%&_811DM/49)S]YW M#&A80G:@P>!T7/+ZT-X\&F\KSI74A\S!:'^[N4=]NK;&5^K6T]U1WMUT5Z8? M67W(J\9[$E*=W=L3]EX(R56$X425SE'=TOJ/@N^E?IVJ][J[JG0?4IS,-2SH M[X++_U!+ P04 " .8S]..CEMO78" !_" &0 'AL+W=OE+EBW9DN8NVSY32ZNY M*@YHO?OW [1>J]AU_5 !SSD\YRA@W%#VQC-"A/5>%A5?V9D0]=)Q>)J1$O,7 M6I-*WCE15F(AN^SL\)H1?-2DLG"@ZP9.B?/*3F(]MF=)3"^BR"NR9Q:_E"5F M?S:DH,W*!O9MX#4_9T(-.$EL]DS^E5CGE)*I[3RF+DM++78+D# M2!$TXF=.&CYH6\K*@=(WU?ER7-FNJH@4)!5* LO+E6Q)42@E63P%-4VS@A [O)]A.$0C=0W932(C,12"C3Z3Y:.@3168!SRC@ M:0%O& (:^=BTF$!CJM9I!!?NR.T4A5 0C0T;M.1OIF3?6+(_*3GP9D(+C +! M\Z&%1H'PB=!:C#\P.@[LGXC=(\1=F9&QS&@:E#\CL# *+)X/"KCF=>@^$54' M&OJ$+O#\45XFF ?=T;+>&6 @"F P4_?,_@$,V[^(=,>S=\P.^<5MPY4R#-"[^0G2@611;HO\M%F\FN@[Q3D)%0SE&W6 M'HEM1]"Z.^Z=_ILC^0M02P,$% @ #F,_3N*SNKH, P ! T !D !X M;"]W;W)K&ULC9=M;YLP$,>_"N)]"^:9*HE4@J9- MVJ2JT[;7;N(DJ("9[23=MY]M* WVA?1-P,[_SK\[#'=>G"E[Y0="A//6U"U? MN@NZ) MK1;T*.JJ)4_,X<>FP>Q?06IZ7KK(?9]XKO8'H2:\U:+#>_*3B%_=$Y,C;_2R MK1K2\HJV#B.[I?N('DJ4* .M^%V1,[^X=U0H+Y2^JL&W[=+U%1&IR48H%UA> M3F1-ZEIYDAQ_!Z?NN*8RO+Q_]_Y%!R^#><&)TN"W_EJU^GH>_+^;P0;! M8!",!GURKAJ$@T'X81#-&D2#0608>'TH.CQO MU*1.MOY/IH?+V=,JB?.%=U*.!DW1:X(+#1H5GO0^+A% 2Q2!91Y,%UC;BC"< M2DI;DH8P1 C&&6K[\#+.Q(<=1*"#2#N()@Z0D:A>$VM-VR<*)9D1K"T*D\ , MUQ8E?G2%-P9Y8X#7R'L16ZOX!NQ-13FGF& F(&8"8!K)*!)KB;O$CPU20!2$ ML9E70!7E&0R<@L I !P9P.G-O-J*.^0;CZ>$1#G*8=H,I,T 6B-S168M$YN/ M8&UK[)U=VJ+)SI[@YB!N#N F!F[^"5Q; ^#:HNNXR(>_GCX G)J?SUZ4S&R' MVY)R5C)EO?*E1P!K9K(B(',F+* QMRZDN;)Q$5@U'E$ X%J5*;CYIMV6E+.2 M*2M<7%!HLZ:^R1I^(K6 QDKMK&:*"YFR%ZJ@N9L=6_C%0K:0Q7Z@67[>8'V[Z\\$/S/95RYT7*F2C MJMO)':6"2$3_7N;R((\DXZ F.Z%N4WG/^KZ\'PC:#6<.;SSXK/X#4$L#!!0 M ( YC/TX^6D7'U@( !H, 9 >&PO=V]R:W-H965TPD]62:3-5E4KM=)JJ[;7WL1)T *FMI-LW[ZV M<2@Q@\1-P.;,'(_CCTQ65R[>Y8DQ%7S452/7X4FI]C&*Y.[$:BH?>,L:_>3 M14V5'HIC)%O!Z-X&U54$<9Q%-2V;<+.RQ&!/-3PI,Q%M5BT]LA],_6Q?A!Y%?99]6;-&EKP)!#NLPR?RN(7,!%C% MKY)=Y> ^,*6\W M[)]M\;J8-RK9,Z]^EWMU6H=%&.S9@9XK]JZ&8E^#40 MW>:WU'S'Y!'TWNS,I-T*^TPO7NK9RR;+%ZOH8A(YS;;3P$!#>D6DL_<6@%EL M812>Y2F>($'7F-@$R5V"#$^P0!,L;(+%78+<*[+3I%;36$V:);A)BIJDB$GA MF6":)6Z2H2;9.$$1>R:=)AM40@#WR%&/'/$@GD<^?[<*U*1 3, S*687LD0] MEHC'Q"))C-,1SS]Z9 (P,N/P.=%P/_,)Q@@*V1.!&<(< SB]@ M_/I@8:)BXI0 #C!@;/I@.=&<5R+@_ +&KT^6$\W;-IQ@P CVT7*B6>7@! -& ML,^6$Q5W1WX2+L I!HQB'RX8__:"#U\'%3LH]%UJ]U M\=9UXE'_=V#S#U!+ P04 " .8S].M("LIPL# !D# &0 'AL+W=O M%NVQNO'ONSXP)ZZ6NFGYKGX5H M[QVGWY]97?1WO&6-_.;(N[H0SD)M.+M-6YS83R9^M8^=7#F3ET-9 MLZ8O>6-U[+BU'\A]3@)EH!6_2W;K9_>6"N6)\V>U^'K8VJXB8A7;"^6BD)VK%M'=BQN%3B![]] M86- @6V-T7]C5U9)N2*19^QYU>M/:W_I!:]'+Q*E+EZ&:]GHZVWT_VJ&&]#1 M@$X&)'S7P!L-O#<#_UT#?S3P@8$SA*)SDQ>BV&TZ?K.ZX?&VA:HB[UUT8)QOGJAR-FG30T)F&3 I'>I^.H-@1*37,Z?* S%1XWE*2 MFY+(PR$\-$Y/VWOS.!,7=^"C#GSMP)\[" E(U* )M*89XJ 1$&6FB":1#\)% M1$$4XKP!RAL@O"#O:6"<$L/$9Z:&T #$E".B.%AY/B&*&YJX"4QO:)SR*8I# MP(N)H@#P(J+ 7TEOA/)&2'K!0TPC\Q3J U&&B$@$?H$Y(DK-4=X8X059 M26.S?%U8F1DB,FH\-T6+&E_P)BAO@M0#+-\$*4V0N0S1!,!/COE9*5[BXF]1 M%\'UX&MT$(7S^@3!A=4[BA9/&K[+$ V%M8!H2+2"BS:0 M!T(17%B\HVB! OL,HC&SB_A9:10$;S7$0W!#B.M] -?4F+B(AJ[@XHV-()TM MB2 NTI!@IT T)NZ[FB4NWM<(TMB2&.(&QD\$UF6&:$@$<1%- '"=V:A5L^ZD MQ]C>VO-+(]3$,MN=1N4'JD8UL)^J$5J/<&]NAOG[>]&=RJ:WGKB0@Z >UXZ< M"R81W3N)>)8C_[2HV%&HVTC>=\/<.RP$;\>9WIG^6.S^ U!+ P04 " . M8S].10.^9?$" "/"P &0 'AL+W=OJK)N%?U#J. N"9G/@5=[=D%6N]%3N M@^8H>;XU1E49D#!D0947M;^% MQV)_4.U"L)P?\SW_R=6OXX/4LV#PLBTJ7C>%J#W)=PO_%F;WQ!@8Q.^"7YK1 MV&NE/ GQW$Z^;1=^V#+B)=^HUD6N7V>^YF79>M(\_O9._2%F:S@>OWK_8L1K M,4]YP]>B_%-LU6'AI[ZWY;O\5*I'T&Q[_7JO_,S+S6\9:)C;$39F*>W M.35*5+T73:7*7[IW49OWI?N2T-X,-R"] 1D,@+UK0'L#^F80O6L0]0;11PWB MWB"V#().N]G,NUSER[D4%T]V]^&8M]<.9K$^KDV[:$['?-/[V>C5\Y)EV3PX MMXYZS*K#D!$&!D2@O0\A"!9B11QS1<1!=.;"U=AAF,'6WF0F!*:(Q&B=&XEB[L8J=."0!8K/I4/$( M%0%)"4Z&H6080B:RR# G# WCV$*M7524,MO7'7.%06QO\[V+HFF630A+4&$) M(BRVA"4.96,386!$"]-H1.(A1,G"!/5#3Z>TH!6KUL@B-S4KI NB+)D(@Y>?( B M<;()%WCY@>@3:O'* DAI@=!6Z]862J9/%R\;@-0-F"*+)R@DG]"+IQ4@>>7J M=7,&,C:9P("G#2!Y Q/7F> 90<*/"R9X1A! 6#@_6W %I^X!!Z,FH^)R;SJ^ MQMN(4ZW:'_%H=>@J;TG;I%CK*YBMN][PS4W7JO[(Y;ZH&^])*-T"F49E)X3B MFF5XHZ_A07?'PZ3D.]4.$SV678O8390X]NUO,/3@R_]02P,$% @ #F,_ M3L/%&ULC9== M;YLP&(7_"N*^ W^ H4HB->VV-LFDJM.V:YHX"2K@#)QF^_>S#:'!?MMQ$\!Y MSO$Q?@UXRL-U$#3K/2^SYI,X\$K]LQ5UF4EU6>^" MYE#S;&-$91'@,(R#,LLK?S8Q;8_U;"*.LL@K_EA[S;$LL_KOG!?B-/61?VYX MRG=[J1N"V>20[?AW+G\<'FMU%?0NF[SD59.+RJOY=NK?H.L5,@)#_,SYJ;DX M]_10GH5XT1.6WO"BTD\KQNS/U^SZU\/+\[/[%#%X- MYCEK^*TH?N4;N9_ZB>]M^#8[%O))G.YY-Z#(][K1K_@K+Q2NDZ@^UJ)HS*^W M/C92E)V+BE)F?]IC7IGCJ?,_RV ![@2X%ZB^/Q*03D#>!/1# >T$=*P@Z@31 M6$'<">*Q M8)V%A!T@F2L8*T$Z1C!2@\SUSX)HD_EO23C4;W(P(5"C $9%$H$.U#8@1H'.G"P MRZAE8L-4AKFBE,;V@%TL02BT)F#E4BF-*9PY@C-'0&9K#A K);*W'>08.G!TKLA_,MA$4HLJ;F#L"2*$RL3C\#6$3< M%Q2 $8)(9(7["H4+&;+L[@$,(Y9:=?, 8)0Q:M!@ M$;4G/;CXYBEYO3-?]XVW%L=*Z@?+16N_@[C!^IO):I^CZP<$M"_TCL-\8[W9 MM]N5;UF]RZO&>Q92?:N9SZFM$)*K^.$G5:U[M4/J+PJ^E?J4J?.ZW2:T%U(< MNBU0T._#9O\ 4$L#!!0 ( YC/TZ;N?[+A@( * ) 9 >&PO=V]R M:W-H965TV$[=O7-H0ED]G/XKAL[+:D[.\],WX[G&3O+IN[H MCEOBW+:$_RMHPX:U[=G7CM?Z5$G=X>193T[T)Y6_^AU7+6=6.=0M[43-.HO3 MX]I^\9ZWG@DPQ.^:#F+Q;NE4]HR]Z<:WP]IVM2/:T%)J":(>%[JA3:.5E(^_ MDZ@]CZD#E^]7]2\F>97,G@BZ8R;F1KVSX2J>$(MN:LO]. M+[11N':BQBA9(\RO59Z%9.VDHJRTY'U\UIUY#I/^-0P/\*< ?P[PXH0S7[I>XTDVW^4],C5.\E M3WP_3!0P66!,"'+%F @D^YBY,1NA9B-$( 9F,28!9C$F!68Q M9H6;C5&S\;U X *S&.,!LQ@#=MKV,7-C-D'-)H@ W 88 [)A@##Q-,";$S7HN?FZZ MB$0$#TX, M_A!H7 *FU1Z)/SR_ODI/<0B15TC$"1"QUCD <=8Q#\U)S%-=52 M?C(E@+!*=NZD/NT7O7.9\>+K:P[T%[K\,-??A\Q8N_P@_%1WPMHSJ2Y1<]4= M&9-4>72?U-E5J7)I;C3T*/5KHM[Y6#.,#&UL M?9;;CILP$(9?!7&?A3$^L4HB=:FJ5FJEU59MK]G$2= "3L%)MF]?/NBCJNT_.]U4N;'3 M9A^UQT;EVSZH*B,2QSRJ\J(.U\M^[;E9+_7)E$6MGIN@/555WOQY4J6^K$(( MKPLOQ?Y@NH5HO3SF>_5=F1_'Y\;.HEN6;5&INBUT'31JMPH_P&,&L@OH%3\+ M=6GOQD%7RJO6;]WDRW85QAV1*M7&="ER^SBK3)5EE\ER_!Z3AK<]N\#[\37[ MI[YX6\QKWJI,E[^*K3FL0AD&6[7+3Z5YT9?/:BR(A<%8_5=U5J65=R1VCXTN MV_XWV)Q:HZLQBT6I\O?A6=3]\S+FOX;A 60,(+< H/\-2,: Q F(!K*^U(^Y MR=?+1E^"9GA;Q[S[*. QL8>YZ1;[L^O_L]6V=O6\%BQ91NTW=:P $EVXMJ SF MZJ$H#D5PN(,S:-C=/CQFTH'.?)601 .PU 8AL (!X9YVT!":.K2^#(2$Y'. MX' 4AR/O6N()!)I ^/6 >[C"!Q5 W%?MJRB0NP]B B-1&(D<;NK 2!^&R-25 M98B,2D)F[D&*XJ0^#H\=G-3?AU'G #-?Q&C*&XM,4(#KKG$_D[@X2 J M:B_OS*6$&:\#A(>X/.#S",H2]RH@.B$I)>D,$FY\@#C?;%6X]0'B?9RZ524> M[0+B1+I%83(AT[GWCKL?(/;'73<&W]D6("4G'A,B3*C@

-FR @+LA=UP#? MWQ; 10PN$J83\NZF39%P(P2.(+G&/(HF6Y&8)ZXPPX0B9G/V ;BW F*N7+I, MOF\N4L*D:VB8CDL.<\>$.RP@%LM=BQU%?&+XC D/R==QRHCW@4=W_5/7T'[+ MFWU1M\&K-K85ZQNFG=9&V9SQ@RWP8'OHVZ14.],-A1TW0R,Y3(P^CDUR=.O4 MUW\!4$L#!!0 ( YC/T[T%-YZI ( <) 9 >&PO=V]R:W-H965T MLTX_V7'14J678A_)7C"ZM49M$^$XSJ.6UEVXF-F])[&8\:-JZHX]B4 > MVY:*?Q5K^'D>HO!MX[G>'Y39B!:SGN[93Z9^]4]"KZ+)R[9N62=KW@6"[>;A M(WI8H=@86,7OFIWEQ7U@4EES_F(6W[;S,#9$K&$;95Q0?3FQ)6L:XTES_!V= MAE-,8WAY_^;]BTU>)[.FDBUY\Z?>JL,\)&&P93MZ;-0S/W]E8T)9&(S9?VA%H[3T=;C6G;V>1_]O9K !'@WP9(#R#PV2T2!Y M-T@_-$A'@]0QB(94;&U65-'%3/!S((:_MZ?F+4(/J:[^QFS:8MMGNCQ2[YX6 M11'/HI-Q-&JJ08,O-&A21-K[% )#(2KLF>/K $M?D237DI4O*1(8(@'S3*Q] M>X2 RJ48$1@Z *$+@!H)TY5>'%(BI"#[(L0(:6+#*C0C2(3D)< O+G#2[P@ M;GT_5:Q\Q5T1%S!I"9*6 &GAD):?DOJ*.YP3M[T JJ2,;W08/>? 5AH#P,3M MI;'_7>MOR>T1@ QH)2M =MU+!N[H8AJT3.SMI)7!AA\[99KJQ>XTS1^QF2;. M?F6FO)TR[VZ&(\(/*O9U)X,U5WI6V8FRXUPQ31G?Z[H>]*ED6C1LI\QMH>_% M,)J'A>+]>.R(IK//XC]02P,$% @ #F,_3@#X7[$. P $0T !D !X M;"]W;W)K&ULE5?1;ILP%/T5Q'N+KXVQJ9)(2Z9I MDS:IZK3MF29.@@HX Z?I_GZ&T(C9UU/R$C Y]W#NP<>8V4FW+]U>*1.]U573 MS>.],8>').G6>U47W;T^J,;^L]5M71@[;'=)=VA5L1F*ZBJAA&1)791-O)@- MUQ[;Q4P?354VZK&-NF-=%^V?I:KT:1Y#_'[AJ=SM37\A6?Q!WA84=D7#(B?I3IUD_.H;^59ZY=^\&4SCTFO2%5J M;7J*PAY>U4I55<]D=?P>2>/+/?O"Z?D[^Z>A>=O,<]&IE:Y^E1NSG\ M1O[W,KR C@7T4@#I?PO86,"<@N2L;&CU8V&*Q:S5IZ@]/ZU#T4\*>S'5_ MW MD5Q(1APY/H[1E D><(>C@C@BB.($&4J07?]\!$H@$ 6.\TOAM0K F""N)3Z. MD0PRB>N1J!Z)Z D\XQPER*]W! B>/()HX&[TB-]L*E/P NCC["R1)- 3!!8# M0"1E 0H\R8!%600H\"R#'V8AI6L,\V>+I-Q-,P8#DO* (#S/@ 4Z#U#@"01^ M@RUX!B&[QI;,GP<9,)ZZOO@X+DA&0E,83S4@LI7AN:9(KG,(4. YI'"]*33P1J6("F?56(Z@:;M9#NY<05!W M3 8B1/%,4R33>1'ZIG"O70'2]<0'W4$:4H,'FB*!S@,+ M-L4#2,4-GN !I-BKT$W/")KNBL#N:=S5%H%)?TU))GO3_F/A6]'NRJ:+GK6Q MV]QA,[K5VBC+2.ZMPWO[?7(95&IK^E-AS]OS)OT\,/HP?H DEZ^@Q5]02P,$ M% @ #F,_3O4Y?NBX 0 UP, !D !X;"]W;W)K&UL?5-A;YLP$/TKR#^@!MR0)@*D)M6T29L4=5K[V8$C6+4QLYW0_OO: MQD$T0_N"?>?WGM\=YWR0ZDVW "9Z%[S3!6J-Z;<8ZZH%0?6=[*&S)XU4@AH; MJA/6O0):>Y+@.(WC# O*.E3F/G=092[/AK,.#BK29R&H^M@!ET.!$G1-/+-3 M:UP"EWE/3_ ;S)_^H&R$)Y6:">@TDUVDH"G08[+=$X?W@!<&@Y[M(U?)4^#<"5D;?X,FFJYTQ/G^JO[-UVYK.5(->\E?66W: M CV@J(:&GKEYEL-W"/6L4!2*_PD7X!;NG-@[*LFU_T;561LI@HJU(NC[N++. MKT/0O]*6"6D@I!,AN?\O@00"N2'@T9DO]8D:6N9*#I$:?U9/W4PD6V*;6;FD M[YT_L]5JF[V4Z\TJQQX'XFL+KQN!LAF8=TH\&UL?99M;YLP$,>_"N(#%#^ L:LDTL(T;=(F59W6O783)T$%S,!)NF\_ M&R@B]F5O@FW^=_<[QW=F==7=6W]2RD3O==7TZ_AD3/N8)/WNI&K9/^A6-?;- M07>U-';:'9.^[93<#T9UE1"$6%++LHDWJV'MJ=NL]-E49:.>NJ@_U[7L_FY5 MI:_K&,S+6C5]J9NH4X=U_ D_%I@X M@T'Q4JIKOQA'+I57K=_]?6KFA+*XFC*_KNZJ,K*'8F- ML=-5/_Q&NW-O=#UYL2BU?!^?93,\KY/_#S/8@$P&9#; Z7\-Z&1 /8-D)!M2 M_2R-W*PZ?8VZ\=]JI3L4^)':S=RYQ6'OAG[R@N'% 00=T<)#>I)%[:8P:-FB:,4A&!/=D M12@CF*8HAW%2$"<%<+B',VJR)0[E&?)H !7+&8=A,A F V"$!Y.%80A)F2>>R"&56D_(4QLE!G!S P1Y.#OQ3]NA0 M#P>0828P@7$XB,,!'*_8MCS<'BG M5 CJ=QU(QNP.W0&"VR@F 5#*_.*:1,L&QRFBF5_K@,YFAXG?V)/%5>/N_A^R M.Y9-'[UJ8V^MX6XY:&V4]8D>;'XG^[DQ3RIU,&Z8VW$WWKGCQ.AV^IY(YH^: MS3]02P,$% @ #F,_3C%. JZ5 @ N@@ !D !X;"]W;W)K&ULC9;M;ILP%(9O!7$!Q=^8*HFTD$Z;M$E5IVV_W<1)4 $S M["3=W<\&@E+;G?H';/.GN4C=!W MJI.M?;)7?2.,[?:'3'>]%+LAJ*DS! #+&E&UZ6HQC#WVJX4ZF;IJY6.?Z%/3 MB/[O6M;JLDQA>AUXJ@Y'XP:RU:(3!_E#FI_=8V][V9QE5S6RU95JDU[NE^DG M>/]0.'X ?E7RHF_:B7/RK-2+ZWS=+5/@!,E:;HW+(.SM+$M9URZ1E?%GRIG. M4[K V_8U^^?!N_7R++0L5?V[VIGC,N5ILI-[<:K-D[I\D9,?FB:3^6_R+&N+ M.R5VCJVJ]7!-MB=M5#-EL5(:\3K>JW:X7Z;\U[!X )H"T!P R7\#\!2 /QI MI@#RT0 Z!5 O(!N]#\7<""-6BUY=DGY<#IUPJP[>4_NZMFYP>#O#,UM/;4?/ M*P[((CN[1!.S'AETPZ"W1!D2&+]%-B&2>\A#! %@9C+K8S:#HF;0D #?)( % MBR? T01X2$#>5(-ZU1@9-C#M9"0'T#-31C#*.?0JMPDQCB&@W"M-B!6(4(;C MYDC4'(F88YZYD:$W\T & ?/DE!$,$P!X7 Z-RJ$1.;DGAP;SY 6DWOHL(Q3* M0>%5.J08LZJ]0D3W9SQ[JO^7?2'JM7) MLS+VWE.0A)#(V)ZY<9+&3CJ3Z9W;/I-8CIGRX0LD M;O]]Q8>II5TE],4&?,[1KE;:(S,_EM6/>J]4,_N99T6]\/9-<[CT_?IYK_*D M_E0>5*%_V955GC3ZMGKQZT.EDFU'RC.?!D'DYTE:>,MY]^RQ6L[+UR9+"_58 MS>K7/$^J7UT$:E,/3>M1**_WM1* M95FKI./X?Q#UQC%;XOGU2?VV2UXG\Y34:E5FW]-MLU]XTIMMU2YYS9JOY?%. M#0EQ;S9D_Z#>5*;A;21ZC.]6FO]]&TI23#WWUJE 7/58ZB!(29FA6&HB;G&,,S$W$ ,BZRQ M;C&=T,1\QC#<#&$B/&UX4IK:YD,U([L0SRX$ MV7%JK\ >P\\&BEE@;8G;$$3# >@.@@@/SE!&Q!R/F(.()8FM&>0@8L8B.YH- M@@JDC;KG(&;&G#%'>,P1B!E$LXI -)3%H0V[P6"N!I"1$*S#1R@S'I?E$AA/P.UX""BY8"* ?DE M1()+X%'KB7J;B7KW"$XR$G!IXAZ0<6,:\H@YYLQA;(0B-63VG&&@T)Z(]T%F M- Z3)- EN3W0-8&.Q40,6@ "NQ#03#YC.!*#!K[&<(Q+ 0K-0 $O8B%D;!<: MP7%!F&L3.IR78-8+%CWBF!&%*6(PW1#M#*&37W#;[Q M'D2.W!P>3:!)<^HX M=A&'9Y)H^M&-.)R)0&O2)RE[5A OH:&SASDL@D"/D&?E-#4<[9_$TU.FCMY. ML=YN>=75 #+.CI&[;U-'WZ9(WZ:N\[GK@/X7)W3JZ#X4=A])I9TSW+:.'4L= M.Y;"'2O/5I.IX=@9E/]%NHZ=0>%Q$DD7'NWL3>R?_2=NWS%]2:J7M*AG3V6C M_V!W_X%W9=DH+1=\TD)[E6S'FTSMFO92Z.NJ?[?3WS3E87AOY8\OSY:_ 5!+ M P04 " .8S].G9V!T00" #'!0 &0 'AL+W=O :C"UG="] M_6Q#6 KN#?8Q__F_;%++$ X"@EK:='Y9V+6]* M^4:SI8"\\>6E;*O[N@/%AZX?^ M;>&Y.=?*+*"RZ.D9?H'ZW>^%CM#L X"X@;$SLQL0,3+3"C)KG#A'D3]&ULC57;CILP M%/P5Q'O7W QI1) V(54KM5*T5=MGAS@!+6!J.V'[]_6%$&*\:5_ /LR,S]@' MG[0G])65&'/GK:E;MG)+SKLE *PH<8/8$^EP*[X<"6T0%U-Z JRC&!T4J:E! MX'DQ:%#5NEFJ8CN:I>3,ZZK%.^JP<],@^F>-:]*O7-^]!EZJ4\EE &1IAT[X M.^8_NAT5,S"J'*H&MZPBK4/Q<>4^^\MM(O$*\+/"/9N,'>ED3\BKG'PYK%Q/ M)H1K7'"I@,3K@C>XKJ602./WH.F.2TKB='Q5_Z2\"R][Q/"&U+^J R]7[L)U M#OB(SC5_(?UG//B!KC.8_XHON!9PF8E8HR U4T^G.#-.FD%%I-*@-_VN6O7N M!_TKS4X(!D(P$L3:CPCA0 AOA/@A(1H(T8T0/23 @0 - M#>U6;FB*,LI:1W MJ"Z'#LFJ\Y=0'%QGTQ$+]DB_)B"BQ0:,&N-"2:8*(CO,9LYQA\1 M0&0PIA'8TE@',WI@+/!/1#Y'A.$]9#N')*$]S="Z6Z'BA]/=BCR[0&05B)1 M="?@&TXU)E:85ON(8A.56U#0]R/#\!P5Q>'BG:.!UI2A)65CZ]=PMLP'/Q:7 ME>%,P^ ]S \-6#Z'00.RM2A!+[;;BJVV8HLMHUPV\7R5:&'\';D-%)B%9P'Y M?O)>\276C!-+QL9YKY/904 O6)C_TG^A\CG*4H=;"^JN#K4Q,+F/&DQ/JCDP MIR#GELL?PL&;$B41"I$TR9M4M5IV[-#G 358&8[2??WLPVAQ';[$NS+.>>>>W%\ M5U?&7\6)$!F\M;03Z_ D9;^,(E&?2(O%(^M)I]X<&&^Q5%M^C$3/"=X;4DNC M)(Y1U.*F"S1O_IGKG;1I+)O6M*)AG4!)X=U^ 26VT+C#>!W0ZYBM@YT)3O&7O7FVWX= MQMH0H:266@&KQX54A%(MI&S\'37#*:4FSM^DVDWCI3PT_OZD1^@\RPR3[@?FQZ42P8U+=J>;F M.S FB3(9/ZJ6GM3PG#:4'*1>YFK-AQ$R;"3KQ^D832-Z\Q]02P,$% @ M#F,_3N4B!WH[ P @ P !D !X;"]W;W)K&UL MC5==;]HP%/TK4=Z[Q'8UEFS2=UD)7Y9JOJ,M-F M6.^BYE#+;&-)91'A.$ZC,LNK<#JV';">_2_WC\%B;4716V>2EK)I<54$MMY/P'HU6"+<$B_B9 MRU,S> _:5)Z5^MT.5IM)&+>.9"'7NI7(S.-%SF11M$K&QY]>-#S';(G#]S?U MN4W>)/.<-7*FBE_Y1N\G(0^#C=QFQT(_J=-2]@G1,.BS_RI?9&'@K1,38ZV* MQGX&ZV.C5=FK&"ME]MH]\\H^3[W^&PTFX)Z SP03^R,"Z0GDG9!\2$AZ0G(K M@?8$>BLA[0GIK036$]@[(?V0P'L"OS6"Z G"(43=_MF"^)SI;#JNU2FHNYH^ M9.W102-A2F[=3MH*L]^9FFC,[,N44S2.7EJA'O/08? D^#T$K/P,>\JD7%P MMH$A&P_8#W$98.8C"+F$? 9$$B>7+P <O,'-+!3KX^QD$L_V]XY4,8@5>- M@)M'+)\,3<0Q+)" HD52 8"%#LF9QTFM9C*8@091.F6W@=1#S3W08C&UPQ3 MT##U#'/J;@WUPN#K85(P3.J%8<*IDEF'H<,PB"2Q UOX,$2QX YLF?JF+]4N M7#/0-?/*@=,K]<1! 0ZLKG,.Y]PSR@F**7?2YE[:C'*.W$/BPR"UE1]4X(2F M5Y(38'("J'7JN!:>'4$0=>ZZ)8#BB#FH%8!B J6P913#MW,,F$[D$XRA#!5U;LRN\9 M\FLX(:YU!"R%B+E;G2 .I]X]#N',Z<6#'"^]@S^"]P@#YX^ZVXB][8%.U@+" M$18C;WMNTUL!..>H=BE&@\ZCE/7.MK)-L%;'2K>7TV#VW"[?VV[9F7] HSD" MYA=M>VT[G7?YKC?_EM6[O&J"9Z5-OV2[FJU26AK[\2>S.7OS=^ \*.16MZ_, MO-==3]P-M#KT_7YT_M,Q_0=02P,$% @ #F,_3B*9OX3?"0 DSX !D M !X;"]W;W)K&ULC9M=;QNY&87_BN'[7?'S)1G8 M!AHY10NT0+"+MM=*/(F-E2Q74N+MOR_U84/SGD..;FQ+/IPYY,P\/.20-Z_K MS1_;QV'87?VY6CYO;Z\?=[N7#[/9]NOCL%IL?UV_#,_U/]_6F]5B5S]NOL^V M+YMA\7 HM%K.G#$R6RV>GJ_O;@[??=[V^NW+WY[^OZXVW\QN[MY67P??A]V_WKYO*F?9N]'>7A:#<_;I_7SU6;X M=GO]%_OAD[5F7^(@^??3\+H]^_MJ7Y/[WV]'_>JA]K7K8/=Y>Y^NK MA^';XL=R]]OZ]6_#J4;Q^NI4_7\,/X=EE>^=U'-\72^WAY]77W]L=^O5Z2C5 MRFKQY_'WT_/A]^OI^&_%> %W*N#>"]C0+>!/!?RE!<*I0+BT0#P5B*K [%CW M0V/>+W:+NYO-^O5J<[PA7A;[^\Y^B/5R?=U_>;@ZA__5]MS6;W_>Y2@WLY_[ M YTT'X\:=Z9Q8\4<%=Z/)?=?,:CW>*^-H9=SA /[<1N#E/2WO M#^7#>?FHVN(HD8/D^2"Q]4$Q.:L609U+3K+G=@*U$]".OC1'23P_C1>K+P^J MO \YHGH)2DO$B!75@O<16C Y[X*2?2*R%(-O5$YH MY00KIT[S4PT;HE8,TCL#Q;)'/ M.6I 6R2J+5+)"PV PEHE4USKH>;LM0C?J(%GD:O6Q@QW",JR%->Z73E_+0(X M:N191&O- 0'R M$%G[)I= B6,]@BA"-@#_GJC,Z'$ MXD6G-#A." = MR=::[PY#LZ9(5S+VP3'K2 S6XPV'\ 0?/K([%6][L.D0D^)B7WTY)/ M7I)Z-7C 4]F/[++"=H%=1+$M0*?YYCVB&D<#WB$\'Z$XG1@ MGQ.AU&LJ9VP8F^+,]LAL&!MX,B=1C#@]_S9G0E^[W]P8RGG.;Y\N#OR>,],C M,S'P>R1B,5;+YD26B\^M9N;P]"3* K20C"SL$UDG[ <.T4!BK(97F(9H5S+V MP2$:$*(0\0,2TI4L":;.&L(26I.F'*@!@0H1/R IOB!$Y%YYWUC MS!,X#@/)DKHG#,BYXNKP,FE#!)LQ9:-:\I[HQ%J;U97YQ'0QY]1X."(';$3 M0FJ/9"JV6A?1?3T3FEB!TP@@D<,V(FPAP4=D*)OO)[+.A'_DH(TDN6JH1>0G MO [J2<8^.%PCB:P:9!&968D)J8S(Q%6X-OQPL$82776G&)&7,96@.\\YTQ5W M;GSLJ/'R#K$*H3Z2UW=LNI_I.M/]D5,ZDMRJXWVL%7G.BLR%#X+]GNGWU]'LGJI/8>CV3.%H3HA6"?"+S MIE%@21>3U0S9>%031VPB:\Q@S<[T_&I7,O;!T9I(2-482TA,NF"'Z'HK=A(' M:R(A54,L(2\CA'@J:L33Q(&:2#S5'6$B"PXJ3V%:B^F"EQ8+4V.I%^(4(GR: M?BG6E8Q]<"8G,C4KT#28.G])Y^MO3F:(K/C6E>*$3TAX#/")S+DZ;[V^IG,B M3+Y&_=:K@LPAG\D[+MWM9,1WL;63=?J2$6%V48)I3&%GCOIL+X[PF:,T(THQ MPF>V1BLGJY\*J@O2FL/,G*:9!%98=3A-TZYD[(/3-).@JMF5R2IM<5;F.,V(4\CQF:R(=4DT6^9$EVR,K6XXEI*Q#T[,@L2$9%X0AN"C)QG[ MX+ L)'MJ-)7IJ=&N9.R#([*0Q EKZ*<39U&AL)#+*9K)(WB-Y?K+B< MD].# JX-+D@*C;[+FL:> D/>4,'*>8,X;GMCV@EOC=T%QE^ESS:ZWL MX[!X>/^P'+[M]G_NY\ VQUW2QP^[]75[?;'N/]Y^.;[[=KN\^'3?Z/KJV#N7CZ\O+F\.7[^\_^RW MV]:#X]WMQ=KFX.;I>?7QW^*B\&R6[3XA[R[\OES[MG M_S[8W,L?J]6?FQ_./KTZ=)N0EE?+C^M-'Q?]KQ_+T^75U::K'LA_M[T>/EUT MT_#YOQ][?W=_]_UN_KBX6YZNKOYS^6G]]=5A/3SXM/Q\\?UJ_?OJYX?E]H[2 MX<'V]H?EC^55AV\BZ=?XN+JZN__SX./WN_7J>MM+#^7ZXJ^'OR]O[O_^N>W_ ML1ENX+<-_%.#?NVQ!F';(/S=((XVB-L&<6Z#M&V0YC;(VP9Y;H.R;5#F-JC; M!G5N@[9MT.8V$/?XY-S?3?)XDZ>'+;.O\OBXQ:LFQP\3ZWZFOKE87[Q^>;OZ M>7#[\+9]N]B\U/*BM^J=;SZ]G_OW_]EGZUW_],?KFN/+XQ^;GK:8DP>,?X:) M/N]BSBU&GA#'/82G.#R,X\2;]G[W"J<6$4/;Q;P!F%W$6X"(;A?SSF)"V(6\ M1]W(+N8#P/BRBSE#_:@;/Y\3F818YJ34$-;8+"ZRIE%S5M!PLKN224W X\H0C3S9R]2#/ M'R#IV86.>NC>>?4@%@!8FZ2J[G N):*)!)YQI%G&WE5D6<0>:A1O5H+ L^ M5#4. X"E_E@JCKK@J(N)NF8]58JYD'J-%Y.(80RQ$V?%<580IR;&:JXA(9:D M26=A<2W4ZM73&A L5#8K&HZ[V;A5."?-O#A'3:KFIE,$2Y+4I'\#8#UF/>?? M E@*EI\!K#-$2"JX]R@X5T1U]P' O)2F1OX,P&(I41-!0^])2J)P"X"+K2M: M_4*A_H+(L^ON//&-[(!YWH&YJF/?@G8FJ_. Q PQN*])C& R\X71U*/,)$B M('C-8UO0&"-,0X91R&ZP6,G\*MX&J\;E9(MY?A4?2M:D>XIPM:6@R/ -P 4? M757]O04X*:XD%=\[@.M37=1EW\/N2M*R[ /".5?T[9X!7$^-8IXTZ@Y.4PO$ MT]3B1J*8B5&.PJ1%Z(U1=&+XO-:V9$)B'#*&1WV4GRHK=YT2AD;[/84=** M:8%0L>K)CU 2/%LLDX3H44+4D\[;5'94JLX="P3SL28=.(!)JVRX27+T(#D: MR>PM'1]5DWT6".:;%C4#@H7@V(@3;O> VYV.VS*R%Q=UV" !B"X,# CE4R1! M$W[WEM^MZ/.6CH]R5Y@Z; #K"P+]1B*8=TRM>L+M'G"[$7S>+I%[8JHAF!&W MP!B;RSJC ESNH;/%E2=)Q=M%MT[>Y]ZND[&$ 4 H80!N3,)XDLP\6GIK">-M M'K(2!H",A$$8%C#):-YF-"MA/%B$0PD#@%#" -R8A/$D47JP$,]DM@62P(*; M+V$"22?!IA,C88+E_U93+H:6 ;#ZVI?=6F@ 8(FYA<:B)SDEV)QB1$VP22"E MG'-B15!6!;5IP$B;8*G[J)6>4:L>*0 L-7F=$ ?8H^LK,E)6"R0?!%""U:P: M (&GOC8UCQFF#9=T0D"X4D)E#YEDA( R@IFCEL U+4U#AE'(;K D P20 8S* M"2 %^!3Z>ER';('-2PDF;HNKG;P]"YZD@ !2@%8ZP1+W47#1ZZ7Z @%C#5&K MT 'V*%V'$DH-)!\$5),U;RBHHL;:= %Q 7 Q5-],\!:72HR!R+5 TD% Z<"\ MGW;)TZ="T^5% $LUI:8C1S!7"*]$DH,B*"[J'!Q);=%L- !@;+DFI>H&@,O! M)_$D=I+[(EI*:<43IVN+TY!A%+(;+$EUT:8ZJW8B*8_9D0;E,3C2H#PV-M(D M=T94'B/+L,CV$.-\M1-)*HE@.\]L1-H<$()DR7H(+TL:;&3(/L7'=$"X#9GRG3@ );ZVIG,\42H/P'JUTHGH>I8B'HQLT"XYIO. MMP@FK3U[$W8C)WD@H3*:.9( -G%:T!7)!8")*V8- F#!!2'R+)$M,A)TZNG:<@P"MD-EB2Y9).<%3D)+';@0(-L" <:U-G& M!IJDS6339F.W3[)7JO,E3B*9)($=&,6A)PFDB!:C:VJH3Q$PM5*BHH@W$"BY MZ<+'6P"4YJ,D%>,[U&,)M7CUBK]'0%=C5QF[P _PTB6FJGH\0\!4J^C"^#D MMK:A*RVW ;"&OB;39RD' "RQI>C(>C*3S)QM:; 0SLLD16:;(O7\.,DVI_54 MW&)1.?(4 /O89^_5R_@& MU.MGF82 @8B_0W5TTD%&-'1GVP\#WJ,=56]$&L M#PB80TE!Q7B&@/V6FYZ:YP#8TW!_\GIM#X YM90U20X F'+74ZSXEHG!.L]C3[9)NW MS.U.0H91R&ZL)/%E4#4L1(]GDOGR'IDOD\R7IS/?>0:,#;Y9(:*P4^- >Q/%5 @#E3T8J! &*C,8J" &DAIU M86D!@#7XT+1<'0"PJUH)K+)0"0-56\W1%<;S:JLOFP/M+6BA H Y9A&]T3( M8$JU=&%.HB?D5T%%A_E<*J&@ZN?/@4HHJ()M8CT'JJU*&$_ )&08A>S&2JBN M6JJS3WQ:5(U"=@,AU%5!D8). ,)==8\#G97P2)UQH+/:2G7+?;7EZA)C"]%$#\ZY]"6K9!84X<0**MN%,%,C MS-3V..C2"#^T&0==&EJOA:*M+PN :S&9YPI@/J1$=E@;(:4V?<;EO,'3\TW+ M$0 KJ57V- C#-BT1HBG[;&7UPAGM!E[>8 MZLMJULL,.?4(VGW-O1/-VPBXV0VRWC6P;=2)@["<.&:R<3,$UB-H]UU/SAPX M@,"^\LK&Q@& P4EB+AM'&/;A/_1$(.E+'#/:N'V<-HY9;=P**U^-R!G%2K <8.&"]2_;< )*\Z+ER0"!5<0S*J+.6K'9 MA"D/H29-X-(TY2U!+LW8UP!V$)";IWGMO!T@T-7$JA-"/9O M%D+?948JXNM M$XZ\D(S5!7R_A.%CF=ZBF($9QC$J8)9 MA;*>3.(<3ER4=H9-&:C?+SK29XWH38%*S7]8P@XE&,2I@QD1SC&X"G&[T0O1[ M+&:XW 28TNS(3&]@C&-4P(RGYAC;!#C1;,#31T/&,2I@1HFS[&PRP\\V S., M8U3$C'YG>=H$>-!LQ#.TWBA&1^ M)L!NQFX"0?%-P$[';X)ELUD^-IEA9)N!&<8Q*F*6SF:9V028S^BX R@9=]3I M^+BS7(E<;975B)FM3?;QM0DSMLD<9YL *YJ= C.2RBA&![=FK?F31EFWA+@WK)3!MBMS.!- M8X9QC J8\1PP;=E".K!9V8#G4QBS80GR855&(]:O ME[=?[G^CP-W!Q]7WF_7F7I]]^O1K"W[UF^]I5Y^?R(LS 9^?;W[-P?WWNO_= M_V7RYN[@S]6Z_7J^M7F*]P_KU;K90_=_=*?U-?EQ:>G'ZZ6G]>; M?VY.!]\^_&J"AQ_6JV^O'G[OPO'3+W]X_7]02P,$% @ #F,_3M&ULC5S;;N,X%OR5 MP.\9\_#.1A*@8V*P"^P"C5GLSK,[42X87[*VNS/[]RO93L8ZITCJI9.X2U11 MEJI.\:*;]^WNC_U+UQVN_ERO-OO;VM5W.ME)^OEZ^;V=W-\;-ON[N;[8_#ZG73?=M=[7^L MU\O=_^Z[U?;]=D:SCP]^>WU^.0P?S.]NWI;/W;^ZP[_?ONWZO^:?K3R^KKO- M_G6[N=IU3[>SK_0E$_GAB"/D/Z_=^_[B]ZNA+]^WVS^&/_[^>#M3 Z5NU3T< MAC:6_8^?W:);K8:F>B+_/;&WR\K"\N]EMWZ]VI^_W;3G<1O3%]E?_8?CP>+&/_]=?GGW_Z<^[&/W- M_.?0T!ES?\+H"PQ](N9]ZY^GT.@4]UHLO: -3O/O9?G(:58WQ8 MI8TR_*M"C5E7NM0!D@Z -+O1[X,X#R?<1&2)N+9&61%IH()&$^@[_Q[.H-J= R"4DDL7C\.8#M3SKZ0!'>$96EZ]2-X6 MSH1%FZ1J$Q><^S-H?*9DDN$72.)(>8K<:0#.FTL3&#/'PDT67*/(F5O 7(?@ M.'. (V,#OP:GCW*7WF=XC?>3<)2YHH\4=CG#!V>)EQV:J@9DZ+BY:>A^1 M,4$H.@"B/F: 8WT<<\=>JJ671E>P8XT=34M'D]E52_>QR3H2WYS$F;ZH=[R4 M #CM?-"%XE=C,]-A>H#5V%DTBBKSF:SW!NN]0=&%Z[UI1I=%&Y*KD#%7K.X&Y1JN[D:* ML>#:A.0J9,RU,)QEIJ=*@U75H(C"4Z61(BCZ H2W=^!BJC18* T*'5SD#1A= M*J=*@_74H(3 GU(C]4]\STU(KD+&7+& &C2JQ&L[TQY6 I"^U#0RQ2!@\DX7 M;RZLV@:I-H^0!@P+P1 &@#B# 6 M@ADLXP;% 6XY!A7OF#U %N@#9(V_Q=)N M@;2+"&FEM(,("5 H0@)8.4):;!466(6(D!94_#!"(B",D A8BY 6FX=%T8!' M2 LJ>1@A(1!%2 BL1$B+[<2BZ1$N,Q8-M'G+OZ,%P,7>G)+EW$%[SI,I!1M; MF"-!Z8"7&!:,C,'Z& %A@8R M0K98MNSP/9$I+32]L0=TX3D*F3,%1NG1<;) M(Z1M&V<;DJN0,5=LG!88I\B,MFV<;4BN0L9$PTKD:QY$4X[ MRP=P,L(9KU-!OAPV#H=2!S=K!XU#5!H(AJ8[87/E^4Z'3<.!$261(!T0^=IT MI<,B[U!8X2+OX!"0O$H2YD+@S@H;HUBZ1%C='0HU7-T="#5617E?(ISV2P2H#-'G967?)^[@>-V$<*2,XC;ST[6&E-B17(6.N6. ]2@;O%FU(KD+&7+$/>%3E\W3HVU5^&Y*KD#'7PN(K--T@ M9$'6YWWE%S5QPF!2/.@H!AHR +IA-JRPR,]CP_&HZN=E@@?3XJ1X=;L L.M@ M8N0I(@.@T];Z0H7CL3]YX$\B"'KI3R$,HTZ<.Y@7[^L[$WD&A\!P65.,N6/7 M\\CU>##TTJ_(A<@=8@%P?JB\Q!T#<*X//861CX!-, 3%#DQ2--*.AG/2QF M0UW, ,>Z.*:.33!($XR^\,4%[$U!>I.,C4&Z2I\%+R_TN?<2IQV)@1, NX[> MI,+C$K!3!3 !4EROB0TDH$S!C3F 89X0$Y_,1S#O*?&^HT&C5.PZ-I. 0@4W MZ= VDS8D5R%CKMA, EK*RS-BF#S8$PI+;U'.X+(?P)JI():S M1U$M$?H"A1 MZ=G#@A]0(.&"'X ^DTI\F![!@A-KLW%KI?'6@,4^I.FY,&+1C2AYB(7%[>5( M5!C;:YS:D%R%C+EB^8]HID%( IH9\%9QWT*XZ,7>HPQPE'PLB%G"KI-0J<^K MA 3'L7SD*TH7 $C1)SZ,#&!1I](P# 'L MVMI4"%<)&U]"QL=S80*&9J,,5PA'6N3V#''>E19=)NQ\"2V7Y?*1I%=I90W? MO+@ .-3%C'#C+HZI8_=+TOUBL0EL2DF:DLR%J6U*;4BN0L90Q2 MI2UV*$]P9?] U2[*!$RN8QCAPH8^A7('%_0/5)WPA&U_50PC7-CRI_3TT$>J ML)M/H30A]C&J]MQ!'I][CH81KC@=&C?N(A[!+9Y2\(3G*Z* M880+3@?WBDN5.*%\E7 3D^N8$^'YQ6M[UMWN^?A*I/W5P_;'YC"\_>;BT\_W M+GW5PVM_V.?WP_N8CJ\#^JN9T\N<_KG/G'ZONZ3#\.LP#[4[O4#K]<=B^W9Y>$#7_?$O5W?\!4$L#!!0 M ( YC/TXL&J%>Q , #40 9 >&PO=V]R:W-H965TM]R)/JB_R((KF MS5:6>5(WC^7.JPZE2#8=*<^\P/9?9?NJGW8S=VG8W8)L>L_B%/"Z$+U2][ET"RID\FHE">G[+?!(6EW&SQ"FZ;K=K3+RNYEDT=5,_H^B6,^\MY; M2PHS[3'!!28,HB%F@3%P1GB-A+..P*AC&B!^,)SA&2/"(6*&$80,(5\-1D(8 M8N8&3,"&F!>3'4WPXJ9+R]N"5QC"B#FPQ+S I#,07BJ--6]F/2;J,$6O-/)] M3>P-T$!+:-828BU,6\1YB*:)P=?%+# *(-03=]FCZ*4M0IF6NBN3+9^:':-F MQRAR+.::Y!5%8H#ZM@!&YGDB',! 8:=Q_#!(7VZ3&= 29W7-S, ?9O:' M(7]HH.V &4-S/'"B._25H45\H CU8D!=6838+#I&HD'?MHOX9GQO(E88$5%F M5LK-2KDAO-I^>^8H)(1Q/7 SCA>!X?C.#3#@,()GRJ0)?1XJA2+A1JL-4CSO7J;X(!B?0]9H(QL&4" MV/H\&'*!ZNZ!07B _0-<,2/0@[4T6'N@>I(;0-2/++Z9OQV>(,"^D=!BP](F M ?=)2J@N%O? F-BJ!UB:(. N2(/88L/2;P W'*HW@J4"#98I"*UR+2T'<,^) MN>7;#BQE'G"=YT3//5SGHP@7(L EG#**"I'!&@%J]=U2Z0&7^IC;ZHJE!@,N MPMAW7(0YZMES VKX:=3K\2Z^_7-1[KKS9^6LY;&HVZ_$B]'S&?/3?'^@_IZ4N[2HG#=9-V>6[EBQE;(6C7K_2[,6^^8,?W[( MQ+9N;UES7_8'V?ZAE@=U2/?._Q1,_@)02P,$% @ #F,_3C6HX2=N!P M'28 !D !X;"]W;W)K&ULC9I=WKIIH_[H56RYY6RO=6\\6Z>W.UO_9]W^]?I]DW_UCEH>%ZMJO5W4Z\ZF>KKN M?J/+F8Z-P)[X]Z)ZWYY\[S2W\J.N_VI^3!ZONZJQJ%I6#[M&Q3Q__*P&U7+9 M:,IV_+=5VCV.V0B>?O_0/MK??+Z9'_-M-:B7_UD\[EZNN[';>:R>YF_+W9_U M^[AJ;\AU.^W=SZJ?U3+CC25YC(=ZN=W_[3R\;7?UJM6235G-_SY\+M;[S_=6 M_X<8%M"M@#X*Y+%_)V!: ?-+P/Y6P+8"]JL"KA5P7Q7PK8#_JD!H!<)7!6(K M$+\JD%J!]%4!4A^>4[]$_.]%CLZF+X_RX6[23*1W"*Q]I [GN_G-U:9^[VP. MB^UUWJQINLQ267ES=1_[^W_F:-WFJS]O8C)7O9^-II;I'QA]PECMSYE[R="1 MZ&43CG9H:$=?"WE]/L) $M:D?3LWT94@<4*+%9@]PKLJ0+'[O2 ^#VR/@21 MHAB-85,[E6!T(?C(HG(FN>"#=T9ARQVVW$G+6>#UG1C(:)M,9#$,,.^48_,P M!%B,UC&?WDI,DS*.#3I"VIQ3#+L#VIRRG@TZEE@S9F(3,@&8=L'SV#Y@[@R+ M,2JV;*>2B]F-AJF;(4P%[[&[/7:W%Y$>4R'4 ]80/@^8("RUCCMX("%*GB_M MH:2T"L1VFEN@RT2N:P1T&>V8\7= 5PA\\8T!E2>2A=T$V>44L^M>4BX&PT:< M2BH8FPK>C]AW$7C?80T):TC"^S$Q2_M)SG-*B1Q+10/ ^;RO>*9O"#CG4]!L M@=Q*CE)0BJ?\$= 7LN\2L^\.<&1(\3UH##BE*?+(F@#[O$XQ1.R!ILB"58WZ M? 6VS.E81B>;6*X9("Y:']DM#@%G5:+ INP6<%I;XN..H+Z8\Q=S =+G8\X^ MS 6 (ZV=Y24)XDS2GB=KR-G@>#DU!6#.C%&S"9Q!+J>J0K*F4D5+2EUP!RCOA&/41<-CP2]SW@G)$5*.)R%62S@>'U&N!R^:=BXNZ77-X?@A-+7W+9!^2X\Y&ZX'A7-$:<4H'?[@1P.251 MY+Y'ZG3>SPWWO02MS3F)N.LEYY4.JM"@4*%#(=FB1%U04>A12#8I473#!R:< M6*LNHN6A(RFZ4,0#!U'$DS8X)'3#Q<)&4N'"_= MX$Q8QR,%4:%0X%&AG2/9SW'W]5OF,R=+"CD94=+):$3I9$1))T-=O":#E'0R M'%'L"9+*3G;1R7T0* MX**Q/$,,(>=T\#Q:$.<]WZQ&B$LY\5L>,8B+CA]@C %G2!N>FB:0R[E)'!O" M>7$A\L@!^I03&7:&.)-"L8@H-($4I>LC=WT$]31O;P>((NZF(:(,GX1;2%GA MC@P1CD^@3)&=4+MK$^@8+)WCZT*=K8T\7&'^[+?,V:PXQ[4C,.G$(/VJQL\-$3_Q([0Y@UB?>@8_1H$'S"9D@;20. M<^Z!-JUR&A9/?"1'.:][-G,SQ$4B7=@J=:$OTK(OXN=5]RUSMG/;8/D1Y!1Q MV7:1RA&7-YC28RM=J/:UK/93:=D5:DDM:\GBFBG4DAH\$A!K!M5@MCE#Y*L& M@"Z%8/FI, 1SFN>MP"T LTLL\0I^A#0&$X/F!24"5;2D^%,".'2PCC=;$P2Z MF(-9!*($4XK-T2Z/1 G&YM$8S[(S :;G%6E*"B4E5J6E=RY_98Y/YNB9 -_ M. 3 /'%>R]T3@4H9XDT% FT@RTO?$;*Q6>O\.>T=TNAB"J+N0* WP?%'/!,$ MYEM./*[N 1B\SV[C%2< O4O.\SY^!D#GFZ(GL2CHG;Q]L:HVS_OWC+:=A_IM MO6NVD9.KQW>9ONGF[0UVO4^7$P+7[^ER=GA3Z9?ZPXM3?\PWSXOUMO.CWNWJ MU?[%CJ>ZWE79?G61X_>EFC\>?RRKIUWS->3OF\,+2X&POA M>%D==OM_>S:;3Y]%7[:;7?-OS^[V^_OGWWW7+.^*;=X,JOMB![^LJWJ;[^'/ M^O:[YKXN\E5S5Q3[[>:[=#B M[_;E_AB]V?$(9;6+W._7T6\WKZ++BZL_?;?_\Y^^P[=YA"2-?JYV^[L&7E\5 MJ_;/KXKE(,J2.$J'R:S]XU_SW2!*1_3CO//C 7[,AOUONG6]Z%_W?[Q8-/LZ M7^[_1_M->?A]<5OB$S#$+_FV:#_U[K>W'U[_]/[7W]Y%;WYY^=W/;[X[,A5ON_,>GV=I-=9S!V;A\"-\V3SVI,S;^^R/?V]_\P)>7?'KF_RV_>LZWS2= ME>M)5MLM8,[-OEI^BJ.;N[PNFNC7P[[9P]TH=YVQY+6/Q69S_6E7/<"K1=Y4 M.X#\FZ8Y=$'_]Z*S?AGC;]4&[G9>RQEW'ONE.K5F0:[WQ7U5[V&1L/Q\WX63 M//YZ6]2W^-1/=?6PO\,MW^>[#BK)TS?;?+.)?C@TY:YH3@UYP/^2;?+0L?X=7>FPV_ IA7$="WJ($9>E9:KN#E$A:T M!42XS8$4 +1W391_SLM-OM@4U_#R==_+;V#>9H]7ID$H'W9+>R0XZK[L8NZO M^SL@1GG3%%W O0%PP;6VX.>(NC155]BJK/1;VJ\S4\4JVCB_$HSF8) M'<7%-(UGPR%" LD8?8=H%>-IWA?+??FYV/00^69?P>6*5G 1F[*[6EA1?8 - MXW 5@6[CU]^%WQ(&(^"<>>K'<@>7!8_\IJ@_ETN@5JMBT8'A+]6^<(#H!_"9 M28@,WE6;%5"E_^N_S=)D^CWA^?[8 ?J[6D^U(=H91Q?#P3"!J>L(KL6A^#Y* MQ_%P.,3_RS-1?MC?577YSV(%" "T,RJ1=':D"*'-)P<>\ZBG1DZGTS@9SN/Q M<,H'.IO$TW$:C[*)/L[S\OEXFA_E^PBH2[%=P(FI%/-$G'BQ6I4HBP" [_-R M=0T8MY#B\H'F]@Y5V M'N"C;4Z>WZ.H0-NT[W][XLUS)/SR78X,ZJ[8E\#+KYY,TI&-%<3&X7YZ3'^' ME^N\?/=#>+_/8"DS>H=%T>6A647W 'W:=$?0[;S90;2GOG$>Q[]R6>%KCZZI M]_&G+$@>K4X+1 $>N ,$&6H=_7J/,BD)0;OK6 M]KX Y@K 7-?5%J25'>%.]%"B$"2T.XY>?U$F\0)8#OQO%7W(OYR;!H9J"$5E M_"XKN@'Q"!Z,H]MB!S#8L&20K[;ECO0/I!U1\04TM^84DY5?>SFDL(I% =R] M0"XGC.,L4Y$!.YRBV,L(IW_QB-C9Z0]Y T+>(]CZJMP<$#T>0VJ4IU;E9Y1J M5LC7EIN\?ORU7PY$J.$\!+<.>(9$>#=+)+" @2?6W47OZ)*_Z\SR>KT&FH^S MK' W>(!-L3S43#5/O:4[_XJ)F"0'^/8?/Q,OZE"]%A[VBI"/O?M35:V8ZCN! MX@8H?Q_^@U;PR((ZTLF9Z?O)!JSH9< &!8.?RD)Z7[Y\"[ST*HX0HV$"N-YQ M]&(/4OKBL$S=>#[B@.#->L@V@O[T JQB>%L","@6[[ MF6C B;O?-\GYC9YZYB1MO@E8_&MB\4\&,J'H"<9!FO3)8S?BT3L4C][LHI23?9#Q+)8D0\>-QD]Y^?&7"&35/B M7I8-"KP\Y].>[ET(L7@4S!J'HDO\<\-$\?043WFY2^K:A+M_V+JX/]3+N_S< M%ML/]CYPO%VB<+J"?Y=E 70*J"_+!LT3 MQ_L:W.A(*D_!C>D,H2.AXL=-]?!TRQ*]LJ97"#LJEF-1,42M[X3U8?7[00TJP$[J8ED!A@%O MV7DQ"K['O\AN]/21G=VD?%280XY_71=,+.'JU+?=N_.J .()/)KH!XFE:#PJ M_WD:X7LNQLD% !%&#$6;!,!@7]9\$KU\[I1L6Q$80= M;\2&UF/)Z-J$\J^QR?RBIW5?5TC=5M'BV'MHCZ%02>:V1PY:.2'!%OCDH8KM=C]FN.2R:>W .5BI^][WY M&)S6+$">A].[_.B$Q5>(:&^$4Y%BUJ/\5\NB6,D,B)F.H2F+ ]SN>?%]<6]F MZC.S_5#5=?5 XL1A!Q0+4/YSM?F,ZP?T&ONH])L^FT3[U)(2_E!.]ZCV>$VIC^Q+WG?P33>A(_A?%;;E#7H='<4_. MH7]QQ ()P*FQ;@[W]QLB70!GQT*LL[&'"NT+G(;@&EV*U0^M,?T'\<:H[?1. M[U,WA^T6742PTIOR=E>"Z(+>2Z%K"(]W2,=F/F: M]$H_;^[S9?%OSX"Q-("3Q;.O&"Y"39PN&+T- "?^\NZPV1<_U=7A/D8)?Q#A M,SM2GX L11MB;?OH3M5DD!:0YN!OOPUN!K'8=$F7\D;D"#:_*I!!X8._% _1 MWZOZD^@L("RRKL87$I_8E\M/:'#Z+?=A@3, M.R0A@ !?]LQ4'D F!Z0#-"33-8U5U-LF>N8W]HR_?R9N-/CSV4.!_STTSWC] MSV #SYB>PI@%[(]LBZ2NMN%#SB2@)I8'#**/=RB"(!SL]X#[Y"RZKTLXI7)S M5-#=6:N#\H@X>BBB?--4T5T.8JAS-2WRW2>ZD,[,%R,05@>Z9C V4(K[? .C M[^]@H;=WO.CH9QW@[=N7T:4"-?A)X'O%8-B7^PV[S,I=]5Z:50&[7B'*+'AE?.A'48@ -O5Q$+V U=B+2I,L&3'=7F*\ M/B +N6P<5D+MOQ;H!:;<@M@WXL1SAT'O#1PCF4K>#31QX+_KD6(V>?DUD2P M,Y@(I.01Q+_^^I'L8\#MGGTL"_2C/B,A\:_Y[H!;0T4J)CGG8I0-!^-H6VXV M2%54D"2LXB$/6]:D4;TM:M2K5%9L(I6D 7C- >#+*V T<^M%44*6]@ '$VVJ MI>[]Q1[6ML_CZ"50'QAP7^WD<[7?@RSZ"ZSE,RRM8%B^!XY5WM[%%ID 4>Z! M%W^!,]L7 (\I>;O@_<:Z-[/IF.YNHW(7N91Y(*1+=450#(=*XDR&47-)B M6EB*O1RIB-Q_ ASR'LHY0 M4MSREB@9)2Y&P\'(G2RYK? R\][8,;YV-R;T3-/K MR6PP=*^3Q:U$0BO(]M?J;A<)<@FRX:=?\(! W+HCJREQDUV.%D"^@'#?%@6) M1ZQ3X7B?T6,.*!E='S'Z95.N"P,=\6SQK(U;X$/>1+MJ'R%(:B1?@()(Q1D8 MM %/]^ <#*%#$ESR9?NM(8:IL&UH6J9YN4[;2R'YWJ*L@]KW'R"'ROI@ SL@ MTJ2OP!:V^:?"+(?HH+N"B(: #SF;.>AZ;IF&UA3HPBB W_>NF09;"LW"Y>S0 M!PZD;;D_P),*.5CM9@4D=XV,E#2"_5W5F%4-HO=HOVH:HH6\,#:]H!&&8($G ML2YKH,'_ 'H#)\0>XEKC<8ACUFX4%#I;H0*JR[,5H./P05@1YN$],ZIJ+0XG M)M@ ;SAY%F =K#P=#A8 \J)XD>25R2*R(I=@^@&J"^<'?Z <^V)-A=X'9V& M&?Y\N(_P^#"1![$X@QQ8' $'ZT^DHO@ &!8R8.D:R,'KR_'ZX>J. M?#_K J4?BGH$N)/@]W!7[!R9.['"L]$$3%@=L4>B-@^(VL5L.,C<-V'P06-EAO8 6J"%#L$%Z9HEJ <$C=$O!4[*/#RXSUZY^$NKW4WKTRH7P'28,0IL5-EJ_2#DQ?XKA,O M<*_FC2 G<(!#$P3PM"\069EHP\R*W'" ;' +6:HU0R_PKULTI0)C5/*D^C>A M+PF9M*$U*A-R2U@B/A8UT.RO#?W28VTZ/S@H("-*L\$D//(L,S++>?0)$6(0 M/2VN"\^'"$49/IY'.^=,/?&J/93?*SCB".G @=0K4RHF?,F(^R"9"P74-D@/ ]GO#K& 9Q$28 MTL$8#_!+.V&:3@(@O2ERH.KI\!N",'%@=+'3Q1@/OT&%3W7#,QM1^E_! MNO[)ZA<(7L0<*A2,61M544-C>3@HL,(@!"\/Z+Z!ML@UZOP$<@\P V(7@+0' MEM=6K"C>N74HOX>%D!N$_1XDU3I33IN2PRZ 9ZJ\2-/PB"P6XY0#RQ]HI^73 M,!#/&)<&Q\GFUV.?$F:,&#?H.,]K$+M>5BO'FYT"^>+FI6J-499FL6KK]D)0 M+%3RO7H5?N:C0\#]E3#Y;X+),I =&\?4\>&6K1$VJP)U>E!GA/K0X:F,XKR] M^$=IK+:-\'+"*:561T*9!^ U,"Q&%;?>@H/%0^N3DD$6 !V-3E*0)[<2-KPI MF H+NU1MN@']C8&0T MBI!0MI6"GT2YT*T;@L'V'0Z8<$J-VD=XLP6[&N7 _?'H-T8%0J,8+LT,D(O M:U0"/(^8% &O+35R_W#_.K J*?9=I@7 KD2D&#V1F["J1V%07M?"8RA!JBYK MR1D!)7OC;49KN/1P4U42)MUUK=(AO,H"'>L49;T\;%&[7](7*[S$+# N\[H^ MBN8$%QZDAR.1WT7AJ<2FZ#LV*T!YC:SQY\3*S*X@LX67/-%(T-;!!):Q/#"< MMQ_ Q(_B2^QP&)Y)VL^\*C8 QL4B5N.%%Z-ZE4.C&G[N:,Z$=:+:N# (Z[$C M51#(KMDYR=D7Z71J%%R2*Y+Y<)">E"5[48.WVCO8=&+PZ@F#(7J]L"L7*N(Q M-7U 3B/"._F_R)JF00K$4!X*V1/NB*69 M?:$ZJ\C(]L8:%&C=V?^)%_)=C88(]-&+VG./,Q)G8/"MK+^Y_^F08\'.$>L' MT<_(2XH=20,L7N.&V%='KP@"$6$$"H *+0@D@8.[;,BVE&3) M,,)[W7Q/8B4%->"AU \ED>NR1KD?!KXT/=14ZWW#[F,"7+BBOZ0(<^=.BZ"IE-"'9M7"FNYR3PU"JJX42UM"HZ; MU)OAW"BP)_G/Q71HKMG3!IZ<5Y.0X 3(T"$XV=BH7D $LFE 'VE=(TLSGTJ4 M@-*MX(KLRX:45\+8[C8WPE3N #0:+[#4J]=W3'/Z.>W6ON1X96R$RH M^H@CP@[J-'0>T;&0J4%/).OC8*/,N4;FU)^^]6Y<=M]79"D1A9+%(Z09%/![ M,1P.)1T#?MZ6>T#KJ^<\/4U.TWY$)> :*(Q$'8BY Y<%J'QMA0W&HDN2:5., M:KI,)O%\GD;\.8FSR50^3^-DC)_?DEN^^%+NA:1*K!"/E%]%E^EH",]=)O$T MG=.'))Z,,OCTHB5U=,WJO)($7\HHGZK_D_.4*RI?3@ "\,1XB/-<3F83^Y28 M2J?Q>)Y%:3S.IE$6I]E$U3@4OE6%OMQ0%.AIO2:Z5!4 )EIX ECGY3@>,XC2,0 5WV++4(\9]X)W/9KS M*61IG,WD1,:3>#:A7>>/G(IS@!#G%^];M,\_%3N.-%L=@!?A;;K#K&^O7_F; M13QP4UAY$9@M:IX "GQ+I'=R>56B6=-T/X/H6M[2#8M^*JKZMLQ5/UH4^#W? MGVQ T'RC!B_XX<+Z5XPL@F1]%VC$*%#VGM=11I]&EXWJ;H#< SJ-GD-R]K9< M@M_8T6/I'P\XL:X]@E6QWV]4 7%%;N*?+IF.GR)Z"_Y'YA('\A2LY*D MAWX(-"6<15[+'N65Q0F0Q:17W^^99>!T9BDXFD8:T4E:![S+TBC(=\-:MPF= MAAVZ+1OSK.[^Y&]8ET'MO7SC[P$9E'^Y6='S4%-&>R,&&CLW;X>,E[D/XD:' M#MSD6]C0WAF(4!F4@Q3/!3_EKK$-;VF9ZO'R7[LED<3W160\U2+.'9;)GP'N MARRY^XP;,#%:U6,0<;<006.7*-L@!;;<.N=G.RT7S0!=4^'-RRB=#*-G[D:^ M@U52 .NSZ/*9_/SL2J)Q'JIK4W?-A'9BQR('K_3NDO,G-'*C1$O MA- F-X@7BE\"BN:&60%\'*VM:I1SQ9!(]Y)M/>Z:TQ)\'&J,Y]TK3VT?,.&Q3L#IWFS<;G[WTJS#A MN7WG3NV-+09>&F3(!1;&8$\!?EV"Y/BMDQD=4?1[!Z:9@RC95:VZ.E'[FXG' ML>>1R?F[B))XF*;P_PP^CT;3&.@^?)H,TW@*@MK;H@%-V*W9HA8=3&#H!+6Y%$2__XD)YG;Q(7N'9W:.!Z:G[S^:R_TDB^Q]V M]W^&[#L(3"<* 1!4$0*S&,V=A@,_CT[F4::S+!Y/9U$V',?#V3S*LGD\'4VC M\WF4@!P@(*/N,0;1/(,5G,F@3&#+3NW6D)%VT5L* M:+ZS+ M@/G^+14J0GEX$/WH?R6#HC K-5S)&_\X5!)[>4I"Z!GZH_55]B5Y?/5VF,5N M\]\K#9Y@C6&Y*=?K")F-.CPD")MC*\A$A6IWCL3QR-9Q\J5)'H&*FC]6=<"K MA$<)>Y(G*5*;8_LE(*II^65[]_K(Y!SQ49(?[[ZN%BRNJW!*P2ZK8/8]ZB$4 M4;+9H/$4A(BR^"PV&[9Y1DN?Y)6;-")QL,C$+LK3QT^Q)9=%[^Y&O(9#\;]= M>)5-P%R_QOKD6!"B1AXU5#1('-P>PC1L3[Z"9KX;E]R47'(F(IY#U:K/92/R M49#G3JJ4B*=DJ"66JD&B[$DOU:_,[#^6N&X&XJI;C"9XJS1^5-G+PH45'G4V MY[X5+V1!=O2\9B.?D;'Y1T 2E.U5S2SA=3;5TR)V83#= ?1S@A'*NF3@UUG% MVR"[(R-13V6=!R^6(-)R,@_A+84T;,I/!85&Y#NRZQ,.-Y3L+\>()^NC;_L M1CCMG *<['#>,](W"MTD#43O<96(YT/C%=EQ N]+;"(U\(T8,[@[+3!KZVI"A3YSXZM7SV>K/NZ.-#T<#"R:%,\XTIY0DQH_=2805U 0.% M(&_6N<,#E,90?-T=/*T#J7VJJMMN.?Z>;,4>BLYF969SJU@'2W4'86[(1Q6L M)1 MD-'!1<]Z,QL'7!U61)$:"FE]Z?V2G;BE6H4MI9TG ".W0R(DX%=C0V!#$6NF MA?Y!\?+MM-KH4O#PZA0/)@^I5'; (.<5AR:PP9IT\&*7;XB+&#Y\.'FY6JPF M)Q,F-,5\RGG!><(30K+E,#*VMM<*:Q2!4$;NRIR*:*XE:2JQ::\93Z EH8" MW;(LHN6W(#ZNKHECT$!P)G[)*!"$>3NX'85WB[/G?) R7[ZZ/^EX: R$7Q?3>G/*16CB?Q$Z6!%W==A(M/NFDCJ+ MBS :3G"=2%;9AP8KBF10=(@^BM"\\W-^JC4@HYTF(CT1L4.PE: M^[+8$.73:,T@0-;%S*%T8C..0,:*-A40&V2$E)PE,CU*Y<4M*+8^)QW=H43C M$"+_I,*DB%BH!:*5&46-6@S7*YAH4U$ @-E/T[KQ()F0?4]S?M81G@UCV$;, MC;0MX@%T#11-^;*NO$9K+[B),/23$4WIO_1RQGJ9,>RP)BL >V\?>'36A6T< ML\^CL-EK+/MI4,TJN@56TC &XZ 761($-TGDW7V02DX:'P$%E:&"\$L#!1>: MU4J1'10HVT7C4QL-G5--:^5D'?=$#>VR#-:!T;4:U;4,=KZMD.PQD6.KURGT,6A/<' "/;]KI2J8L&):U M PKOC"07-CNWC<1D>PBE!0RLW0-FT3;\?DW:@&A>(X@I689BCB=*-'&;9L :^)NS\Y-R DW=0FP'W0,G<76EDO*DMP;Y:8LG3K8J>L6=!E'FN:!>M9R#ZILH+S%2)PB. H:CEP MN-H,@N# !W =M?K5KYON6GG#3OS"8VDJC#PJ5CYKC,4EHX9U;Y#22'>#^9&= MNO0T']KG0KM4>JW:A"Z"1853JN7-D'-$$IR'W%DJ+3'I1-SI)E@O72J64B;U M3^NW*G9YGVC/XH Q+0N7^:5L[TB!AB5EW,@U4]2 N7?+(]V9'?"7WPI;PY*DGR8RN#(@+UR_WK!;C@'$@%;=%0/(,^K!\5MI/+>%I M(7;9HZ*2$>ED ,^YTJF)>'+9MH)?E4^2EK%BB8_^'32J,$ Z7U4N-?H)>1CH M87UV%4V&DSAZUEMYLPE+;S;JEH57,+WOO=8V>$:5&8+$TFI7H<9'E_*9BFX< MA<'V 8Q!1Y&F;$!4:SB5D5@S@!PY"T9P?L2[WK2_!0I4;9T552<';E>B3%$7B2]C0)R%' J;;;XPQU5 7=\^\W:"!-N;3Z+]D#.5:G) M E.LT5P.?^)$D:.PA4_MU.*F-G&!.,Z)%\LPRT!?.<7>6LO_<.=-R299PEJ@ M[R4'\W!_BU'*4F<8 %S4UU0PQ9>6(=$B=G10_D2X<]Z65C16^NHE&3(38,DX M=*(5G Q'F?"2"-_:E/\9F1N;[B7X&+B?+^RAD=!][AI%-!WMZKW"7U"80N/,7'":.V.S%"T\X!;!/AO.M$:BB&XBS0(30-DE MMW9F4]2\N;9<;9#1&>M4:2TPG;V="1E_VY= 8Q?@Q=W #XM0@2N),@G546 _ M!$A+&K(#WS(^G?+8$=WV-M+>3)Z>A8BYM/5V:'G0 "V%]Y%-\Z*]+5V-!"'@ M$@>C.9AHTG'1UZ>PBDROOM*1/X EXRX,$I24*7VE-HRDA\& M1==V)04QQ;'D[@M:-$&HE,;56UQC]T^@]'8B44OKOW"*0SLRTR*,+1C&'5R)C3SQ +0'5,:C7F*V\%0VAMP89WW*LG*_C@SDK4/" M1+_&ZVA[FB! M0HI[++C2ELO+5BQ_\AT*] O\7[XYBM*^.*QN"Q^!2T4E:A5>10EIK0L)("E5 M:/!V'EH)RGZ$:SCN-P(#51'O>)J3:9EDIX8;9V9BJB.S38$2LB."+X.=>DKW(&/BA(8/.NBX$%%%X\] MTD\B)WM6795)MC*92%\3]UW'56$SF$1BH7@:5>U-MI7=-7)O;PF2,%J_+\Q\ M6A3&-(M6UU9Z%&KYRSN=OZJ]>?6VQD3;;8XM>,@NQT(>%DQK6DFKBP)=6$S- M34&M%LVEVA/]9Q(.%Z")PV@YFCA(OUT!%S^VD\,TN6)7A'-5SO!X[)ZL#8SE M_DC_@,M2[IF.B/N)(A8-'Z^(?0WH"70\>V3 M'??&(KASV'1F#",UT-A$-LLU9V.PZ2EF'9315?I&Z:.,\"0 2"F43I$VWKF[ M?!^=\HI)$QI-LM%5VA D-U\())$=@B8%WL[>5K3Z4$A,"^2YV[HZ0RB.\4EO M^A]"NPD5'6-U>(G&EHW6"NC(5R*<>7LK66<&T;LP4K@I3DQ'1^--9U[_5E>9 MRQY!/9859^OYT$6Q_P27+ 7-A]1E\ZEK2$6J<(V3"FI6A(!H(.0#?$K. MG! :V-3GLJYV4NEUS[%^P!P/L"STO18[X-M%47/]B9U 05*%:*PK%JRM^J+D M5L5,5IW;9>F ,B__T !#8O.# !^/CD=003W3E$Y/>NC#5ETF..] M.)TB'\8T*?PE*"?F.0A':N54#-3% WB_UT,0QF],"$IW\OV+@E%ADQXGCHB>I*$%B!,MRX@"6F/>$E-A(1*H8; M3<.Q8:6A0N@B>=@]ZKL=L(9*25XT2$.XWE+DGF7ERZ_H1F/3H4R5+CZZNSM_>O/:57O'F M*UTUI5?ZABDEA9B'&\ *(QC*A% %14>IV'-)F^M:TJN:8PX V7(\A(> H#F, M0S,Z1TF>**"*OHEM_H7BR0"$%06&(Q]#Z;_CSZ75!HYOK)EJHG6?<&J^2K$Q M ?3SL7;NB3 R!&[C"S5S\2:MAX7HWL^#3^4Q/RWYQ.SKO5/^WBE??.QW(SN( M-X% >1'-A_$4QJ?3R#K' MPHS5 SF3R+;)]AODFA1%I,1 M!A795WJ#2H6.+-/3L[SO=/KG;2%S'T9FG5S M-!)P)9E6)\'.J&2=%;.3-1LHX;_7C$DUS7S;= VT7OQNCHT+9695@$M+W=LJ M&%PIS&HZ3FQ>%-Z.XM :+Z.'GHF6STUHM\A+4J-$"RL)6S,^"W7#E$%D:3N7 M]Z;8K*_)=8EALR1[F.H&Z@>*P^%WT M2-U]8X\')946!O,YZV=:,&DJ%@V>G)8%T74E1B,@8J\.PB)TA)S MEC=MHCY,C_3;9K5F[QE[HX"G;;YX/.+6U^AA%. D"443Q#2)7%8=A6B$7#MI MSB/.!'^B;(+UG-5'J'0PNY)HP9X[[^P,K=*7KRW<6/D0&VFP>0E'H>4=N5Z MSRSULKLA6U1[]>E]H/N#*37*)P@ I7P\.0 +(H.+=5OCK(Q2A5N.2(SBZ0) MM^H.?M$SQ@4@QN=K5/]-E%EL(P/YU6Q(0;$G,\!GZ=B5?O0Q4V]\[GE?;4=X MR2,@H&RX+AOD5!!<0Z OG M:C%:B2V8'IRE>@E]O\$@"5_=?'A:P S8>'=7K&YI\UN":76@!!E-7@=!\R@. MC2_R:!BF(8D77(*47>,@9P()9=?(\=1:\H:'8R,>34.BQ^DI-+=CEO@#?^4; M*]+F_P*O8X""GKF]-YP$J]$BEA\U0OR+E17EK^B--?7 IB+ZUH'X.+/K.5P6C^RW207KFOU*;)/D<,2UQ] M32P_2XO]*^+ YH _"=%;',]NPF0CX:;O^-J'-5A^$1CUW$G%C"9:!2'E[8)@ M7%A/Q*B)AS&VI*(JJ< M#\Y)TKOP:H=B2J_ (/$L)Y>K]GIGAB_*[0*D14IZ&AE99!1 MRPPG@OCT!Z/KXGIZQ)7YD%3@E*46D7!8(F!M&"A0V=QY49C7RM5,V8ADR:W# M6N.E$D.F&Z%=/.>QBK]O:8O.OV,*58?%?GW8G /J MT\. 9^U.$$!XTC^80M7."IU3Q?V+"01P"I4U\YP%K)##- M.N7>GE+=\:U# PE4K[C.D88B82#A 55WIGYZZ&&UKKG<\WOL(D#=2DF>L[D+ MU 8ND)0<%7*)!B2EH5&W6(75H\3#&0YFA7[#(]2XP)O"&^=#Z2CX,3QO[JW* M%,;26J-.U 5C-!\4IU19;_[19G.\.B'HDR^9^;.)ZOQ8N,)0'(&AJZ. D V6 M3K.R[.6S-^_?OFR>74G2F4:4MR4?5- =RMGT)=LT[C$A\D$D0R?%T=Q<@G8V M;I?%3EO20,CXM7%%75C,S_?AAHGCH'Q*4-K["]06MTO2?=&[M8O8:<'7K"7\ MJT>2^X1B$$15<'\ITN6.WGL6()1B&M\:J@W1T2K0APNL"BVBJB]R.ORJSA]V M1-MC9_ORKXENJ/XN;M;B\H=,;6S;J27L-4$KI(2>!SCA.S90.J&VE>O'4@ZB MPPZS1S;:9%5-.LQW2-NDVK/&@Q.BHA@RR.1':IKC$4<,:Q>3"^[ M&/)[C>6F2!O4,DEA2K!1\2KEQB[0@&+\03#,C=CB_>O^9D;4P,(\PV= 6"<6*BEE1$)RC6'T0:IQEJ.+*$1CP;-%!E =CO'3<3[NI%%_V!>N$ M/00.#2P,2G'H81&4;FLMRQREHJ "\LFT[+#C.[OJP[PUEI!.VG1MG*9!&>FN M0O,(+G MUMG4YC81P1QF@^2D>OORG!F!KY#W4SQZ@JULNT>E&#&@!2T)SP9+ M./.OL;M3]K#WT9+<61?"E84072,&7=L<,T ESJ7,J26-<](?@FW:6"76Q-"R M4S,?):P,;P'G.24\T+-9G<8(,3?$5Q*RI^#-0(4#KUPA MZR 2S:8Y#A!P#D$3W4GQ#[UR"-(TW]HI;(PY41OSA];9GQ[.V^Y<24_!V)18E<9(DT70^ MBN:CA"::#[$$WRP>#_%O&"B9D)L]F8S/9P=&O_:D.#Y(-B, 61(.3?6!O.4N MQY9#ZGRS-52XY0+IO"XQ3Y]C)W9(6K ZTV['L8JKXKZ4V'BMA(+8=$MM1'T> MGJ3%479J[OP%IW)>B6&XRA3(-W?J"9=5$IGRB2<^J*E5E,EI'APSSFZVM8MX M[BR3[Z1H*&2$IE10LICOZTH)N.84<4R5&I$XID9T$LV.()T$]MHZ.O)ND:F( M:Q!*@TUG>?%MX=FTTGI=@BQ(K'2Q!18#J 1K3Q=-IS)IB6Q):(/)S6E+5U(? MB8-B.^_1L-%_6!&OA@%JQG H1<8YDL>."3.)]<+4Y2=5(@X(4TB!CGW^) M^R$76XW.%!C40F%KR>^%"3U 5 V0AWQ9ME:Y]%9/N;Z3*!3E(GS)D MW!+80H8?DMA<=:!JTUE-B9B,-,C9,^7D!X_2I+[LZM_N2?C&%.G?0-']I1J0 MX>(:_5W/;EP5-)B8NH[^2 SO\D,%A"9*LR%PC)=!%UMZ4ESD],9[O/3WPKSH MFW=BB>#$[-]T/JR93348PLM-(0L@57;TOY*Y! MCKD9"(54$(X**1:[:\4%VWIJY 06?_X3_W__99P2_@%_?L@\1Q&Q,_L"$NM//ORH;-&&BSO0?+Q8- M78?_G/=7.(^CO*SCD4)L07G_I+F'EJ,E,;CO/UD-+H M3]*O<-$:$)(O1=33)UVE'Q;$%WM^GOM,HS4KH)5^UC"[U1T<6CJ))P3N9#:)AW.*GQS-X]%\Y@>R2T^F M:3P;SN'Q))XF\.]D"!*:F=6E5U\FTR2>IV.J[SW"FM_\,86#'D[#]BYVH5(0 MV"QQ"LL9]RX6,7VCD^4!4 74<$E#D@7)+2ISC+)OWH$8H#87@?""KY2DHD$Y."7\7<'_TV MN!EH(U(?H&5;X*1A "%NJRXQ-G%E)8T3138MT? )^KZZ@,TY;'?#$#<<5O&D MH!$*0N3M E4B3^*&!4I7,X56^']JTA[*#7"7%!#"R;RLR@*JDQ&Y01A*6SM6 M$PD./^=' 9YLN6$(H,MG64E+#^)B!^Q+^\^B5>S.DY7<;(X]B,H\^ 5UF])9 M(/S82$WZ&3X=G\HYH,0?6IN/;!1^9)<2>\LY+2H0KXTGPZ&D6W_P MR6^NBA\"4RL@4 T0;-.&UI?JML[O06G&\\IYK$=/F\Z8CRR811.A"IMY*5[1 MY_PHZ]BD09D["A)F*:5DK'318-5H 1W!C<)02R2RS4&[E'#!YN]= J7/CMX! M=^6,LAUP]^^]N"797JL@"EOKY^R/]US>@:N 4GJZ%OK2)!%*Y.3LM!=L:G"E MG,-0/HJ:T/@(&D8,H:ISB45>,H7VG9,S18E@O71!?%&H61(Z1__EJ.^80A3&EG>)AS3'M3P[RUI*BM. M%/.%BGR&B+\1<$05Z^B*V_B?>J^JL7VT\FF+P+[I K4EF;T1:X_+ M/',9OV&N[X8B144+V'-)(%[%KKBM]F5N\F:TF91V$B$3,JY'VG/Q[\H-=V2 M(M[='.Y%SV4"T0F[1D-QIR(:M4;TAED3^])\>Y$BUG;)U;# MIV S,!CP 1U3'TF'>8F;C+"+4\!FWS,?"QR'K9(I>6.RG'U85D<0"ZOD!74. MJ 813RY'0U8V)OET:%( ' ;B&!0T"W&B(.HR&$)(]H1<.VXSOI1Z_XD!$<1" M+J0%LKE0GBNPX*LJL 7#=_EV;2R0.>4E$D%;><#W!FLF5F#-,#O!Y2Q2[=GH)I#JN6K*D+P(GU-84I*U$ F3O=\F%QUR*CY<5 M][9^A"O:)@S%\RC+!W&S5-%UP0G9Q$>"EK,[6FFUWK.Q$3E\L16&N&\E$YIT MUSAR;2BY7V/8T?%B/#>Q28- MUAK(PG"^CY)UD;WS,PH(5I,.49S MUD22[T-!J_"R7EM0$]%K64IIZ'P)I(.[;+-1&ZB6;>O]T+[0'%:0"\#=@W2& MSA?<.CCUNCT4SETL)6&XQ(,X^O:F8(>T#Z/*G>2('9 M)JA*KT4- &FVF!?E*C5S?/ >.V40#C/068/E $7,= XH>$?6,U&BVP==M4" M';52,^'^@+E>:L0H>_HD!;M@PEP$->-ZK*2V@-<;?86:U/U-1^I[)"9#*8;N M>/K_4DQS/5^]D#M[(W?V'06#_=].\.4BA^_@RD:75.GGBAPQA)[O$3U)O"#_ MQ"@>3M X*);0"^PS"!?F8CR;1"D%Z2=1DGZ#GU+XA^CG'$V)Z3A5N^E%.N27 M9C!JTGII_ U;@N'I>)X.QB;SH-?,)0\U9Y0NX8@O9U MFT9JK *MBF8M&1A[)13<@$8P)C#B\9A(RD0]YDHE5IP%#,[W+L)&)$:<"8,E MQ"P:2W@:FMJQ_*:4-T1Y2,L+=*1S)H%>*3!9/L:0%/A4?"Z\'87CH36OA+L M<7&E%L,@(8,T/0?+WCI@/5\]XD_+G^3(\7Z#[@RQ5 O$F)IXF+$[)@4\&O;[ M%US.QV46)S-JJCK-X@E@]%7OZ-R2/IM01_J+:#*+L]FH[72\*;@EU1NO\Y]Z MY+V+QSCM\]1GR\>'LU8&O!Z! Z]5,[_88429UUK.U*M4([:W$$L_2Q>PJYW$ MK.Q-!G\- .Q6%6-AB,PA5,46"QWU]%.B+%-0G[$S#4L'>_F#"Y-Q2MD,=*=% MD.DQF+@O? K#Q720M9]+6L]ICL/%!$2^UK/#UK/=)(@?PR ; 0OK7>=.P\7& MBW>S*;_(.%R7C@^X>1[]@J':P)[WR$%V.YQY>0"QZ.>\/G(1JY^!20.$#M@J MK(DIUNNO:( ^\N>_5_6G.'I7[';-B@B_A M1YHQ>IG7%7 0^)N>,7]_@*'0$%A@!$5=KO+G^B'ZN5P]%#C8&^0^%9I8WH!P ME.-K_X[VF>4G6-7/P+7+VWR'GW HD+GCZ->[LH*AO^2P9_H'A&XT_.O"U9'\GF!6?U"Q M*;2-/:M<_BE%>/J@]46^^\34'(TB4G*R)YC'IE"@B-(SN:Z/'RULO2,M%9!O M-8C:&6H#1%/4&42O';.D$@HRM(V-"PHJ.=XI^2W2J\\V$942U#T ]<,H.7>+ MM8&'6@]B)4T%C8]S5%"4T/7SAB?[^+7#B+E.Y!V>Q],A!F1. MYED\FT[I$WP'[[J+@:V51Y,8 SB3>#P9Q0F,E\2C>1J/AZG#_"2>C^"WZ9!^ M&P&;F%-KYG$\FP_U7M!O4_EM-!Y2.V]X*AO#IYF@?1)G0Y"$AB-T6@/#F8[' M*!G!,Z-T1I<"PTC&HWA,'9^'"4P[G\HRL>\T-LI.83GS"+G5&)Z;1!02$(]@ MT!ZD2X=C>!!6,L=HT2'%*B3P4A"(:]WK0^2=<4;]OF?Q>#HE#HIA)Y/I)!Y3 MV,DI%(HN\ZO(GL/EX@JES7D\2;EN%&P'SP06,9\GYB#2(8;/ .A2 'T&RQV- M8?>).X++Y564SN;QB(Y^%L\0/MA+&R#A#@ K70&,DND,P(ZB*(;CS!7T&%0S M@N,%^,U ]DW&:9P!^ GHEX!OXR2!86'X% MFC>#?<3R=)N*7#PJW7Q88O)' M-"EU5P<@S1)JWCZ!=Z?8:!WQ Y8)X\PF< (8]#L9QM/)I.^0QH )&1QD!B=) M_PQGH_"$3E];"H#(1M-X/$+(SK,9[0(_ =Z/AW0F;[0*N8J+_=$?2/?#*!$F M!$CTI.[=U8 .U1^Q+W!N#6#)N)-V.&F'3?KVEZPOHHG\X.P$QBS2J4R%V*"8 M8>;WY>'-0FR@J H%9B&Y-/NY1O>:U[$[,P*"?"SL=B7<'V-1)YTI9L%>'ZI3 M;=J:GOL"BPR,>>C/]+R2/1BDY?>:'F!5U>;@UNS]:/(^B,+D MSM-##(_H^[,EQ;3T%!*Z&HY!C,+C(#?Q8FZS<6(M:6'2<5KYLR>R9SLK\T4! M^O?MDB2<1EAC'VUL-%'D*W%L!?YKD_6KE^M1#FL,%FT6VA<;]-]#?CH=Q:,9 MDI4Q!B.E%.,XG,X-"9_%"5"@\1CXQ3Q"$C8W##0!PH<,.8VFR=A1;&"7P'IG M\1P6D@&;RAR;3)$ W=+8#ZAT6,BYF,,B1KC.Y-AWUW!,+M9-(FGP./&%"EW M.B3JO_<'16EQK[8C(?ZC!:(E(>QK \+<8!(4[),&,*!*4JZH#&?%WCOL$MN% MB$BXMJVX%,;QJ^EM-V*#L%2M:P,KJ(E*)G@3D=*N)\2E3OBUKT#6IPJ"KS#P M1UL@D79IZ&"(S8"[\XS^S>:,RTF6&5P>DP !& =C _<&+JJH/ *9+\/_SO"_ M\[%'YE&<@K0 UP1$$BZ4R%H_G*-5A M2"N)8_#:?$YW>@0RZ91F.\=^'F4]7W6LW:/DX.K?*%B:##;\$>.BZ4^.?.3_ M!JV%(:IR.\_I,$),N$;9T@5P,U\<<\&F5$M%"R'3$ ,!_1(47T8P9%,$A3G)R#BSX<3 MAQA9@DB11B,0R(;C"8K#>*!3K,(*C\W@/,9PB(PMZ6Q$<>,P)\CIHV@^@Z.% MZ6!!H(1$,Y"<498F%)J! #S%^&/ 7I!=1[ ,+,P*5#G%B3#$'#ZAN#P$+#^! M7K#L>08W"$ PGR5(&E'1R=#0!O0>_CNI!1 M0V/'4U!A9I-6S+P?]L(-'$:^HVZ"KTXG/=8F@Q M9MQ-0#,;L_H#F 4:@D4>.,X1?#-)X%;#S4Q2U/9FHMFETS'I %.*X%7LR<:@ M"HV!Y0&T9X *"1SK<,)X-J9P9HQNAK.$$U'T20&@LSG>=5 !Y\ 6 2. H.#A M#Z?P+Z!1"G\+^@![A@7!XE!_FL&O1.&FP+Z':0;8"F.-IHP^4\"MZ7!"Z /+ MA'N B04 >CSU&>8E$/I,D?#,3J(/T!; 3[R"0T"?%&\%$!P$*MV?$6A$ &*3 M$>$3'C2_P60/8U4R'2/B(E9-T4R 6(7K&(W($ 'S":;!&603*T8A4#,DR/#D!"@TG#.< M"YP4)X;"99B,"+5&;.5VJ(4D"R[/9 ;7!1$)_DTFA(Y(W1C)X++A\3O4&O.^ M1X >Z &"Z3(4T6:,R;,Q6C*FBEI &C"K#"Y+G %!A7>FP!BGPRE9)J9X91-! MK?%L2%P/QDDGI/.#[ 8"'IHRYJ /3\9,F>"I\4G42CFO(87-IX"<*4)O2-R;E@>3S+'JP=#CO!&Q.ACFM*MF")GG0YANG%$M@%8X>P/H18 %R_9A9GL MPDQWX2:\,%,*Q9KA1G%'?0E-*CF^V0%J!2D'KR7EH/W6:Y 30;GYF9-)[1B( MD'^M@"M'?T-[+&;DGL^^,I.?R'$(U(>A1S_5U>$>I,71% 76\:2SLLH&;+;&3M@&!WP V*D0 MQO)I2$-RZ)CL@Q/@\B[5)9A!=SQ"*RC)KC A"$9FY5C?FPL9(^XU=U1N9=TS MS'.Y+<'0_7"^!25<:J^3&7-(! !8,6;D](QR!K" #1%:IOU7WXIN__25\R)2 M2G^"11I$%]E(MYD C.OKVPYM33JYY1B;^5RYUD MC=LMDF8/JKY ZBPC?.4L#UQL6!6;F>V10/#PKU1SC&JZY4?V+8157YX0,W*"?8X&*2+E84<%=3""L=AA M+0N>#LL__)R#I("NIH3D2[0(@ !*A@/]-!Z,AT\<9$*#Z(M^@.$C VCI QB" M32X3>57_G0YFT_'Y(3!,.1UF*6L+\I[^.QEDC[S/(>!9QAJ?H>4L=U3Q83300*'"B,I,[%Z014WNF(]OV^6!7%EKMG4.$42DOBVJK?*]$HV/.> MZUZXN076CY+KB"6?-L=K;F"&Q:;*59ES5V@$SH>[3M=U M@2^&[FIB!NGZE#^MO<,\YPKK(]H%,?$L29QG<1U?-Z6-S=IAN=0U5("!,]:E M^,7,!E-=(+?(,4])M3%(] !Y139*QI M^V6DG(^\C$ZJ#U*@G6(KBY6K/XXE_ *L4 RE4]+F#.N#A*#5P%M]E?^+T61L M$FY$00O&(Q2GJQED/-LR/[[[ADD4;Z M,S/5QZ0;5K[[%!7_.&A,%W6J%(%[ M'$E>(WXOO*:JF]Z6"+09+M;H.%:^-UU(N6#:D0MKFK0:!>LE6?(DEF!;-W5 M/5]1 !X3=9,ZQI4;_39L]P?O:'_K"CS*[*Z^;"NX@_W(.'\0)''8>3YK&+/G MUNWXEW51M-LF!G7EF0WN5J?*<89=+/ND)5UK8+>@S+RV'K8$605KDHFWF(=1 MC<^D%7//>9=R90N5T^&G]BY_7?EV-@CRS*2.RK'BM+7D&BH*8XH?-^>(6=60 MNR7M#=K-(GUF,+SM6FUIQ+UI5;&K(FO?H:25O2]]*J1DKT' MIHU"S5N!S75 M.^#U3@?CZ3?4Q J39,A[SY69E40QH]D5/C&XH,$ETABW=$/]IJ(76TYIQ!6_ M+V0E+WFT%UHG-;I\YJ>2'W^4J;"<. $ ,(UKP!OZ\VWCJ_O)$EWQ5=[[R7') MJD+!4V%=54VU9Z%2-G-R$B: 5$!85A;<;>9+"BG*.9$_TBQZ;(%W5,I.#0M< M)IS.(@?!6M+K TXN27![J2)+EIDMZZM:L9YN,8D??#,X)\,7/"097X;'!)G$ M!*SWMO\SF6ET\VTCW5!(QA#FL(3L^>U3>+5KBJKM)!PWQP0"7UE!SD4JN+AN M*+ZK8 _XO.A\-:MHGG*[%3'?6$RCJ1& M ;[T%N".U8%Q!H+LK]2S?,495I?/WK[YX=?W<'>H2C@.P&NXWU#W.$MPMCD& MZE/!RE6QEFHW,%2Y(WER[RH*$7!I7+1F^2HS#W! V Y&82TME=T5090L0+2GMYTQJ&JDH#X?B@ MP3%H#?F(SN'8_.HJOKW4UJ;O4924K%E'?=!J=KVOKE]JA!;KA_1L=(DMVU$( M)%FV]'@D^00GMW=%]7< R'] -79@P#;/_HBE;=?3[A<5L/;6$6,+$=WMC$D$ M38@>2[DP%2D77W?'7=%8BZ<=](NE!B[+71?3B6UPQHKPQ)K\\Q-0/8F%Y 7R M;4I:?RI6,3]JL*:OD3;]36_)7T>Q^K)B^N)P>Z 0>SK=U@R!^$ 5D[W84*O8 MT#OG)8)76@V^]P\XV4)[2$I!MM.L&B;V2YQ'6LJ&\=^[0$P##_)MC ,)TK0; M:("C(N/#_HV@@!D.9!L1N#-*)W)&6FK J;VCV*^(?]*%Q[*-,VNL.763YKI( M1W:MB$FA$L][%CTXK(1%[@['.LTVZ<[+H_Y4RH;[K#^P**K1QJ1!R,L&/OP< MW)"#ZQ[1!.E/MDN,-*@!I/VA_Z9U<: M1P6BP19;@?Z%E..!";J4K:ZVHAQL2N * M*X)2ZZ8AA[S(1K,V#QQE-NS<4J/'8'O":=A/:B0(.6_ZZ'I)6<(G;9VY[].[ MRIUYUV>)8-%6=P?\=;,&34W*\YCE69?+3^UGF'[\)E,X6#3+-3CY&F(C5V":2+0.8KJ:BNO_6&(L%'L[;$E$KJH[($QMR+'$[&%D"N=BH M#=G%-$P0FG2O1.8O1.^M)X.) ^X[!&[O+9:C")X^0QSVTHZD=6Y/?:[5S)(/ M*Z>>)50?%E%_46&Q00_(J@LV3@B- MH@D;RWLKJ?)S:;O;[*[1HLXU!^6!J[B+.MVO&(70QG7S6X-E^TT9/^)]/1N#\X_1..B]#"(;H02BV9_+UY>I1*, M+@$!P=EHI%WQ@*X5?E-WAL?KR_ZR=9P\+]R?OF"AD!TS)@PU@(_;%) SV*ZK MW1 ^1&NU<*:.+#TDC);DX;,$]%TS"+@SBS5,HSS-!6Y#[)5Q(F'P;BLM'FY4 M J6LV@?N71?7:0VT#:R]4>YLB2G1]NP-V6.ZEHB$:KF0MC.3 MX;[?]E>W(;YS8U :Y5"-+N_[U$6K2T\F";OZB1GF=L;):(PEGK ^4S*CY)2W MU>Z62SIC#?<=Z3;,"6;T]#P>32>8GC9,.:0TI3C<#.OG4*Q-&J?IK+6#("0Z MO*_:_>%?!VJ/:A 3J;RGJ7A=EWQR7R1#K' J7&(R[1P^9Z-P1]*S@O:"9;YH M^?V;4I9DV0?<:GH5AWGD]8[:YO$AK.)6M5B?(9DTU_FK&.JZ4AK%5YVS6FZ^ MP#("WJO>LH+WB?C/'12L-56_>VT@\PMS+OO892NGLHN%[YWB\%+;4KW%> .N?HU._A>^G97R M(G:^''8FEC[@)!0G=TH'8F'W$:<5K*@IE[:(8C!&Z4I 8$D_$$N=AUJ]->Y- M_,X4">=A6,)L0FF+6\K**SR1E-UT)IV>E86P])7<"T=DSL=SD DW2<*,@BP) M8OO9/!;8)5HZ\TGAH>?ZQ1K89[I.&\(3CU'UBKIA>/-*/TE]HYECN+,LB MK"P4IV.@5?AA!MP3 /)*A5KDKE,J.9BF6!B(^.P\NAR/Z+NAX:V7Z6@DSR73 MN3PW'\Z9!Y_DJ1E7THS2[,2Z_U8T?(SFI43J+V'9([* PC=$*L>/VDH(P<@( M%C)5HU#TL%2^W],P5R>H"J0VQ>1D(V6T5_E(J;.DMGN7F-SR,N9/BAIH-!SZ M 1Y%][]KWT4*< XDHRMOH#^I6K U M89]85@#^PG5K$XP5K3"$#8Y'$WBX$-5*'"-&7PV6PQR/N67.5@:Y801ELRQ5 MO]^(6GW'?5?QQ34@0B/$-\<2M57-D2THW'B"^Y3Q45;!@OUHU5 M^ !DWM"A=@FG(Q]",W#G$&5ZB@6E5 ,MU!5S#&T>29HB&?,P (%MAWIQ" ^E M]S0WQZ4:.9R/9%HLLZ-)A"F12E@9[RN4U(=[N' M[B!H 2W\M7%S>W_)M-T1/AD]-9ZQFU--U=P^8#6WT[\]M:>FKPQW[C?LF>(] MX*FV.-IKJ5?.UZ"K5^RXI'S8%AI-[AM@I,U&"3)>'++2"V7!> (6-7'U+P\N M07W18'?(('X GX#O-&2 Y4_Y$NC()[R+V(Y.(NTPM^Y+NS<(K1N7M:Q6UJ'+ MB7IADA[OU"AU5#>=\V8.S7-@R%<'4NB=M#N>( QITM6^ID:#A#[I#K8NT% 0>1 M#!VZ-_)H6^1X';7R*M)D0J3FSC5=X[ 7H(E'C,G%S%KB3\XJKCA.EXP&XNA5 MZ6.;[TI&<&T,+HS1K9Y$( GHL^/YWM[3T9"B@#@.U;O\94^Q-'Q'_7A[:%R; M=,V[4O0.0%,1A;[O@16MW&NE9J7!BE 7T2W!P6MSG[V+=G2+0 MW:&SJ;\K\YNU ?,26R_N@WE[1^2^ZMH'\-P$M$;!.MN6G3J".Y@+R^3T0Y^" MS!.[;XBPYP]6I\?KS:VGR^VV6)4LY$HM4I93%'O;-^=%NU<=]2S".O6P 9 / M-T>S&)^X:,9H==P)0"6&D&I-83B$ R(_4(3V-.W4;IRVO^)S8G4^ZE-+QLU2Y3@'BY*';%NMQ?LC<-(+ MX$ZC>#1!FS)5!4Z&"55D&DU&W'K80'T:IT/4E4'IAJ9Q0%=(FUDO"[5[K)0B&L&:)E0[,DM2K./;6E$FZBY/O"M!SH'&$B,0 UT8#\5C9NB M"O\-!N"8?SS(N'&:K5GL8F]U0%P!RL\97-ALD-'-,%=IR[6.I#7H93I JTK; M-?'2ATLJ#6OG ^J%P_4F6*ED"".]LI>=LG=\NTPJB/M 3!-#B2[1/GF%"T"$ M_4"R)JVPV%'E\R'\?(F#(W(.T*W"N5:70_H#OD/CSA#>?NW.@"$X&F 7E#$6 M*R8(CN$?/',Z$']@[BBYF8=QKY\X&E_S<\4L@9A&WV5'&5[N*_M?I$I,S$20 MT;3182AZ':F.5%_74EK1Y9OW-U<2.J3I(CF#]M1YAH&9>][UE-[!E<1]Q]$$ MDH\4TL!@ NKLXRL?BY3 NR:D-P$6AR M<+IHPHY.6T;'MS_H*?QGXI[G\6T6&/\AO,2IW9;[RT=WAI4JTO%7*4*/(@91 MR_^9U[20%6L!:[Y6Q@J#PD-E6'=+J"(@);E]@]QA*<39M5-KPU@QKMA8YV].NJ&^/"'DQ>M$5X7#?)O#A MN4CYE?C2X.\7-[^1%HFG=SVAZT%ANC<=FK.&Q'S2=;B$KEM MA(ZY5G/.U@%75LE(N,O#EGK)?BZN1>PVUYGJ:A8SC7J2:;&J9AVNM8CK@Y#*.B>QL.G2K2]4;D$O)ZM M/T<[1DWKAF>O[&N>562H2B)W2U D)QK^PGW\V08 MCV?C"(M*3I/HEU_?ABSLN1-HJ7YPBF5PL' E2V-IBIW;YEQ2,QU%+_HM3AHO M'XR,[K#1!$OT8<.XUWSQO$3<^\H89% M1R]M-7(\=RO'8?WUB!.31)4UZ!0+S2Y6BBHL:EYBDQ7J" 9',)N/G4X0<&0X M!L]BX=$9QD[16RC 3U!V>^-*7N,#DW@JF@B,2MK'93JNCR)?:8FMU5G*'5)]RR6&/,Q)M%OS;WX'+M*LM&P/4S5, MHC4=B+B(4 M!S4:6B-4R;'278PI&Z_^.Q_(PUVQYQ8>^/NS+5ID-N4GM,_L@<.B#?*9&"41 MLXW P-;<'N YV^6BD&8'VG83V"A;IJ0'@AFJZ1^,4E*UK*L+]&6D<+VKO,L* MWM1J%+A:\2E+>13GT_O(_82IBW30-I+R2+%RSDIZ@@,:>*<7EW9HYX<5%$:[ M+*01LQE,1^*&*HB4!&EIM1I'\#A\P&:R1JF0EHL4FE$L\X;YD.Z R(RXJT0" M/1A .)DPP'#9=ZQHA@[>355]\D'VY)S0)GPE0 8$.Z;-Y#1!@Q5LIMH>)7G6 M]UT^F,);L(*7&!ORQ;%!)3!2%H5\+RQ:V:J*5..?96=L-"6HU5$07U:K@ILM M5X)=&_3N,G)RL4COTZ ;?%]S^OM!Y&?6[427AX7S:GM6I],$4ZP/,.19];## M3)T_4[OOUP-$"Y+3!^Q$BP+;'>I@MX$<(7 M.("G3368_!-\5]6^$S9;Y_E[TKYYM7">.[=8,YM;Q3H D;/A&QGVH^:*=G+- M1[.PN1+W1SV)O57&)-S/ MX\ED+)Z'-)F1/O!U8],QB#E+QI]1%Y%D1GI)DIQ8KSE@B8C)OYAT4+H7G6#] MZ1 5D??.Q\X&"F\0R8$ W_N" \80R[((%_OQU33]R"GEA:!F%,^'^.',\4L4 MDSOX#(]FU(,!+-@Y[V6K@\!>4O D;_U%HRKV.V[3[0(!7KYXYVI/N."A-^]O M:/=AT1LUB-:YJY:$#Q9?\JU6/9 FX!UC$E62=BL4&RI,'0=.#8X#Y-J!.ZU) M1WE2U'5P0 90LFO232J;@,'00QJBUW!=+\GEQB6@AL+:62T:FJ#61FLLV8TL MCD[_<98UQ*!0=2,98^?@CIQ*A"XC)[*WW@W=G">4+".!U$I"O6,3P0!EXR(9 M515"//1EU'J0T944R'\7LU"X%4X.([,BF[8L--22I 5>^$"6'$3K M?%L\5/4G @D[PTF0]3/#R7H]GGT@16A_X^;)&Q'#T3JSV)3-'4_@![HK89!Z M>7=T[@O29QNN?;X7I83*JFA X(')4[5 ^YAH@C$FKK,E#MMFJ$]GA'D M7! %U4B57VMK#AO(7.F)N5CK:\I;+OV.UM+V_FT2O50R>\K"M"!?[[+PS\X@ M^K:K)TT]16EDW4;VY&WT'&3,-4ARZF5(L7E;T"HWIKXUQBEB>NP:CXG2>7Q9 MP>7=KOP'=CDF);C?6"W!(!1<*Q>.34<&1UH5Z\_W>O'-AM[LT-]"LKZYKI9N M6)$U^.-G756X$)1T4=0#HL\5N)H24//]U]38<<@%W'B2Q!GQY3'V+QH.?8DR M\E%M)'-6RPBZ5[%AUSC"1FD99C>0T<+WJM2G+B?Q/*%NR=D,9:B/=]6&U]4[ MZ.4T87LM584_!P I61H"X2_500N84KUS9W%7+,2T#NG0E23Q<#3F?EY!WTZW MO)EDT(ZB\ZD<+-%L#XA'] ZH&W]%^+JWEVN4H((Y>.2)R02W8,NE7G@TG ME.W8TZ:*ZKSJHK(12H[85G!*?:;[RKKJLV$Q_!M;X;C]:(K=9.)9-L3L$NSN MALTOW2XE]!$#'KZRFA-=FS,T4A+8A)BX ,A:KK_>':"'[=4@ ORGKLC54[&( M22:H!X^TW-2HJFU<&,CKQ6>D7;*9(#74&2*)Q6EJ1'<[Y=E;UPYI,?T $$D( MSS!+1>R%Z\Y]A*4H9*X7^?(39LS@[9&(_+K0^B<.'-V349IZ]E@>^B\XSO!U M0WO?(&KMR![ZSL&7A%;2WHJ76U@GZY/(",L-9(04^V)9+P_;9L\1*.5NA;U6 MG FSTZ4!]7YG2%]2F4PW$9;L]_1&N M0*(&V7W,4+!\S$5AF)8.$NT8@?!6[+7:E^OQFVCD<\57!U"Z6'4;_1J[(T?$ MF"KZCA0/PL86:C5"LVP/(8U/T<.XE_"I!>Y,"4J?L85/EK4!36,B5DK,R8$+ MP^E..R[A2U<+T&\?F&LXR [+%[?E2@?I7M(;7(D^6\=2WH_!Q\A;]2]T$)65""S=QEQ@L((.' M]!RE43&?^&]!6I&N]5>4&HH-=J9DGLGBT7 J373\\Q%\CY8Q](-/9BY2P0^7 M4+?J>32=Q-EP'J4SC,R=D(0SFHVB=T#/,%-,(F,P]B&)QVD&"YA0I_97CS=) MEQ5?P2)GW'EP.*5EOZO1+;$_.D)RSPEL% Z@+\UABQB2,*1&N$&XJ]GF&!LH M#R/L$:1B5C:GKLG9)!Y2FV*0ET!XID:@HW&,N;4?E=T$$"%6IF88+96OEA.4 M%3"[B(K*PQ73P"C+\Y5,(H&BP7RHB4\8N6PVA8D>WZ#W%5IG4]WD*YSL#;+/UO5R?>_MZ AK2$%OJ9M@O?19]!*(( MTM[QQ!S3>9R /C5-J4GWB[9/ Z[7.$VPY^XD'49O49:QU5;[QX2G,9P'%C 9 M:6Q0.AMB]W&X5J"#49,JD/8G\-U,/H_A^F59FSZ]-$+9B]V*ZH.X4.9S#^?M MAY^6FM@>8GEFONC+=O.\N<^7Q;\]NY?8IV?G1P %AFSF'['E76[\VO>]A$ , MI"B&+1%/6#0WT<$TFO!Q]M)JA!0/+^4'35"&9-6VAM#,;0JWY[R7JC;U'%LK MX.X'Y"==2ML7ES5VJKAT_-1HMK^3L?,UQ]BTQZ$" 2-0)2<8U3+$3JY(]*EQ M$-!CC.2"SRF614::3F$Q"6B+H+1^<,$OV*5Y!E>$F[>=@!BJW,!1YA.*>*JY M*Y8MPW6N9DB6A44XLV'0:8:+,F9G:@JHFB#'(Z6$<1G% Q^.T_^TB@@.:AH. M2\ZZ)$A1NR*6;(7FQ!JQ2X07<^:QL"[&F)R]Y;^>*(\KS0AP%TB0M:J#3J/DA;&)\!!M\Z1*[2&#S>VQ5UU8J\.ZQ Q4Y1RN^!V-.:G;QL- MIN 1 ?T__#^^)K5T9#X=SU]F"(\>!:-]M84L_U"0*--%?*NJ\#3L'86R [33H 5B,X"G% M.OV0[S[5A_O]\@@[.-1[_?&F.N P.RG'PKF$OQ0/T=^K^E.LD]WEFB3'MP+T M8PJJKX_:UHP$K5MT'NU#>(%<]4F"K*0U*]]$W*J[6E29*7C-M:)B$%"DV7*3 ME]2S :5 EI4T6DNZ/BV.NF+87O^^=9%;SL2$1Q,@QYWJ[6JE@@D^496/7UU7 M "#$DGQ(!@P:=05J'46B;RLM,@PJ/E*#:$T*?WM_7I;#>!RXGJ[19&7.'PL, M\%2R+1[,-AUP!T%9E4@Y>\]A("-\V]@'-YL"8XP(L&I*DY:XW.!)VG:M-0 C MG?AX6"=/A_-\+,(HLF#;B$C; NA2)6&EN'F-10N>I$ RZ]O^7-Y6-4?9,\@P MMQ<$5\;DLI'[(<% GX/\ .49C'P$/DJ#57ZD8KN&*%$@$E8$T,1B\=;FTGH* M":>C/THFWOB>@S&K[YT3;]6W)_Q7BMIA/L$5($.4Z7L)"]L?O%.7^$$C+O4^ MDVZ/X=*I(_K=/YUGF>H( ,J2[ZA_VMX.UO2\I%L]MGDZ(Z[!:8L(I$E1:$%W@>RET'?#ET#U/V2'_$N & M0#B9;P5[!R6UO7?TW<,-EO071P&$*#>%T#.)W.7D=W3TG"[8M"]Z)/HVC.^#[0'1B)ZTTRILD_+,=$LDTRF8[[5V" M>RL:,NZ)A21>[5V4:DESC5ZE!;&:]YUR$5YZ7F?[UAI_>N!)W9!KIUK;BDR_ M'U:W['\(ZW\]%"Z_B#/:-^=$5LH@FIBT F=7J)+!M=TU>V-V&-05DM4$+'*P+;;9JMZ2]\Z5_G7 MV!M/A<.)2@\?QC%&@:%#-LYFR=E-L3D+M;-L&%U2D-H8]+=WJFE=CCC%9)1R M_G$23Z?X*5A/.SY+; S=)?T$&I3&#FK-+$^-8AM\[*W>I@BE;QWI8W1C>. > M3?-+=G%(>#V,<<=98,A,S!Q>U#CLA.1)EMDM* 5Z;4RF@LUCY)-D/(M5,&8[ M(@_+/)1N6KL2"$\!8I>D"NL^[I_ MV'O @N$ERN_H@]Q>O7)!;ABO2;7NB3U0MKVIWT25@YQY(@P!D\@JT=4X.E[* M"70[_)+/%,V2%;<.$>HFS0NK':>3$JA1AO666LJ#7->YYILZGQ41 +-/#%UM MI:A8@!G!R?!"/#F4:OU R7=['N:^G4&LSFQSG#GZ[8Y48U 2B MX]2RN]HN2122\!9X,[%THFFT^]CO?-T%AF^BW-/W$8MC+$[D$9QI:]7J%RE#I5\S%#8Q#YIK4F%HE/1Y M3V9+2(OMCI ,U/G#CCLD$K\ ]4I.KY RI($1!E4/=\T>&?]D;I25/4G1HYQ- MLMH$(S=GEJZ)3+1^Z81@?_?&35M.4NHG4B8ERWX4#_ ].KH1482HJ#1B.$5P M+1H1&8PQ@-3IE)P#RRY MX[HAC513]3'(TFICQ?'/MNZ'$'(3,<%QA[4X\[0'JY;.]B6J J#8RU2V[/W" M?:6B"56Z=7$:ZC6@O;)^[S:*M2N=:LC%$FZQD "&O:E*(\'BY0[#(E@,5GJS M"5_F6A$BDY_R4"*!ZRG?$#@LQ3.XH Z*I# MBKM\0YW0=6Z81FTS-".W%[61 M[:8#YS65<[$89L"?H'#3QU<& ^7RZ# MN':R'Z 6>+0!_YYK(#:KQXS)RPJ]- TWI2%.UP,WSFG6L.Y %R(#J,65$YA' M$2Q$:/4;"D9!RY)3#A&CEAH3Q9D(QY:6VTK58L&<',L?"XFPX#@R.U-0,G9- M87#=<"X77*;RH9BH>3^?2R;J36$R.-4^+M-0K%%!_(6F7^:-$(2:_>KDK*!@ M]R_W["XE);=I$0#:HIH?)2+M'KP+X04JI48.RD M7_"9]1\689OI7L0V&QGQ$04KTAS^H#:,NW=8_/0VCD14)1:LW@DXPKMR4[27 MRZ ,7+VRH$6A:U*=0#5"%J3[,XW;:PXPY8DF'Z1[?]3D,XC^XFQ.K<*7@;K3 M+HQR N14N),Q-6COX) TL'GP]L64[(J*6#NB 4?,UF1I5(]!\[ZI/.CZ]6T1 M) \O EYM#4L3&DE-!KD3 %#OO3_LVU6*R%7GHTJ<85OR@D@/(/N!ZS*6WU9B M*T:%B6M?LKGAGFR"+CM^!1P49:V>RD"VRG6K( _ME6M*AA7L6;DJ6T"6(I%: M[V=7("UW=1PH-M8[3/]"=1G$R5=K!(Q8>KCIMLL_?]" $W6*. ?FH22_&5E? MEZ%/-<< BZ+'I9P[HY*FHG4MK<*526Q:4'%5RR5XF(,.H*9#X-HCHVKW6-: M#+,/YI+5=+<6%XLDR P#7$6)5 A1+N2"-L5VXPJE'FH?A\%4S@!:RT?585"/ MAMD:.8WH3;,/ZZ!+B3"JP(5.G-)F=6/T,]NMF*=R&CLU,N^+$9(87Y:IG/T3 M ^0F"GTH-G,Q%Y@,&P K[XRU5Y>U? M.&71(6^\+5!=O@?T]['NWM3 A\^.$E/Z77D:"MH%,KLITRY$J\UT4T0;,L&G(G28P-/KJ& MW,DX'D^F:' =)J-H,HV3R=P8;R>C>)Q2OO%X%D]GE((\'L>S>>HJ2]H*L9?Y M532.1\,L2L9Q-DHPY29+\=G^Y;?MOA*OUMT!#OR&4;9ID-V&^5 #C1XT'+ MQ[5\1:V1:#T@$M&(3JX625_\@_L[4NW\$KW+E6SH^;T4F]6]N# 2\3_J -0W M[0%]1^:LL2D&*P44Y4,DQ6G7L 74#0CA-Z667 "(4;JV#;\YLN$K--^=YT--Q 2XE%X?#F20*Q]9S1 !0+00HF M['4K)0,0Z"A\/Y1H <;HHJI:Z=NS9GM=03-X@ M>M>]I,1*ST_N$X^:,+K:1QL0299)R&42W&*G\(:%H^JBYVA=7*6 S?E'#.8% M=^\TXCF+XA0BS3CH.E7/2@ M"R$]B7!H\%1QPOFWUL @]]*O*';R$[F>4%6#V]JLY1H6CN!QU7_XG4I4/ WG M@S")%\;^X*3JCHG2C$HIH:@M#Z"N2M-,@ MS^/OM[V(QF'32BE4V[HK;^\VQ^O:^TPQ\I2*^')2XQ9Q4VT*QOC[_[+W[KUM M),F^X-]W/T7!T&"HB[*VW@\W]@)J6>Y6PZ^1[/8>'"P6E$A9G*9%'U)JMR[. MA[_QBXA\U8.D;$_/V;T#S+1%LBHK*S,RWO$+SN1"TJ<(2T6T""SBXSOU:"TT M/88#X.K9X^0,5B9AVZ8Q*:9<8DC']]YYUSSEJL>/=Z@DWZB1<$$+:[!:G3L$ M4>VK!U[ILP4UT9^\1!231 O$ M&'@^@AP6XQSDB,3:-::86PQ9SQHSBA0+R/X-=,G5/4OA .^JN;DSFCPY^_'U^9-#DESTK^/9&Y<>9&G' MZD:=,27XH>-^7G)2H_.0<\J9_F@6X@V[PKH>)LNFQ\ M0*]'X'?%FM6-+%A/+3( (T8CZBLO_D[V7\"8Z*Q"^\XTNX3LNIXL#AVB7> ME^LDR]<6N.&GR8+NX1T:OS!L0^8]=,=];M/AN IZ$E;E7PPE2C?'_HK8E]^^ M_J/$SX+;(9GB43Q?SZ:PC[!)JH&N:\$U0^Y^O>8,BRO1)#>P8!8F_".'1K8[ M*&\=/+B\4O0XD1 D*)D)&<&D6@/:G8Z^I"N9UK5BW"7S-MX#.;LS$LF@Y=\/ MZKSQK),!3GC$Z!7B0F?7"G"?%$S,Y9G^OH+/%M7#5PP_]TDYBB B"0Z+]D5$ M7@?]>+VXOIL;EZFP?4^2&3>[>1(L$O5C];? ^I5&+9HNLA\3@CM'[(G4D$K/ MG/&<9!_T$J=N/6=*[/$@3NRT&I 3B ME3?;=_C=N,HYYG0G6?:V:RG\Y];-ZKSIW>3'SMY+"$<.4?F=V M6I5#;05=568'MLG%D&QTF0W= )Y/R0L+_.I!('M0MZH0Z4Y( DM/RN^;[^@I MJ20IV"#J>.ZP4,[3* UWE?_Y#1!TEW0MK$N8-70+/FD]^&Q!;+H9R/T.Q%^T M4XFWB#X8YK@@BSE!.2\]:- X.FCK?L5@Z6.C=Y*(PE"1QSM\M0 _VW"=66DK MFU7B"* 5%S9+%A7[WL%H/?\^EZQ*#P:/W-74=]X9;Q[N*C M+^8VW70S7R[9!:=4'&O01)(RU@I2_@]*2_]1P%Y&(QE:& ]X [)'RP:MV;(B M+JM\()C1YG%:5E';Q&E-_]1Q2T_H< VON4A?Y4:889*7<<,IZA,:H9;L]1)M M,Q#',*$117' ]74;)TW&[1:RN,HES3TOXHQOM2_8BW7TJO_=2P;A#C;6/+)4 MMT@'!EKU 9,#%U* M#U8!UJJ?7LX0.X\Y ^&;F#<@\,M'D@6OA" (W^VGJ=F!^]F?B;,M3<12;>G5 MNAN1EF0M!L6@95F;SF\2 (LU\\!P9$EDH5.S^M1)S)7G]--ZN:IP)IQF;G&8 MV#[][18!E6X(V4951]5)XX.UN3/Z0AI_G$).06D+)-NY2%>PCSOE41-/UJD=T'R?3 2 MQ%-FA?@TI=?#(O-22/NDV*F=U!07A^=OWV2N_CE+PWQ\K:KI$*2#,K_M)H"T MX>9**+]_ET]9YFDJ>#5=Z _5SQC_R:V3A\H5@-DA7B16 31&.Y0FE6G#EH%, M>H>#OKCML$G_;,T\C=!*:PED(H_*I>>.#[MUGZZNKP50/FM] MM/V!6I,P[*\)Z'GKR\7=V@.6%M-+U 87"AK@ M;YS=A!(GJ5SVTY!6U[X"/LJJ%JY+M*%?U\7;$)U) /-E!B)W8N0$]=!(KW+) MJX&2-#R+Q<9E>@89F4(U7$EM7:Z.^@57!&QF_@6JK":;KE"#MA23C3T"FOHN M64=V'"=\S8%>HI>+^>W>4].O"S >6[UPF8@:R/!UG8E:D^@+M>95-QNKF. MQK7D%: ^+L^Q"[AS8?U;M%X_D38]!>X><2=[CA]_QQ9\GY&;%^./VW4]DN;, M/@90;[C.JHMTD< 7:0JY+F[*P;VOR'IRB'FG$F MGA4Q0?A3("[\7+C@QN#:B:$GYYS6DCW[CAM3N7<47>"PZ:L8_"ON5".U2M8? M-UV:J@WO4>I$,U[2@7K6S?RCI+8ST?ND8ZH5=TS]R>O5[5.W.1?>Y4\.#>'9 MK= \2K=3@YWGS^^)\/.GI-[1+IQ;1U=T\?3_CCVG+!]RTW"&36NO=-_12%A M[7OYF)'YEYI8L=N(6)A2@#=VQ/WYC-'"!5T^*00 9?=V\;4WI#: 163'PJ.3 MU?;F]<6;EV?/C]^=O?XI^O'XY?'KD]/HXN?3TW?1\].3TU<_GIX[770X)RUZ M?QOTWSE%&%VQ5D[\'[AV_J?UZOYS[!VKA7^\%P!U9%.+N* :'N_NY0Y7W(3DP?+[?!*0L&-6ZI/][ M7Y5M$B)-(L6/!B_)CB[*+$J;(JY+MZ0&U]#U/30WVD5'H\DVZ[V&^7Z@3Z:8 M[UF3D:E?>-U*N+.A:^QMNAYN/8ZFRE>R?Q[,L=-GU'%)VYQA'9*$J*.)FCBC M@Y87&;=OS)HFKC/_H0=T#Z@^JW-N1)]C01+V?,0I<"(S[BP?W$LG@0:OL[BM MJ^CEV?&/9R_/WIV=7D3'KY_3*3\^/_WYS V#&.\!#<5)I'QL^E&5++UF5W#>2ILA>#O_0MD@TS7VXRQ#E MD$9HDMY^VGV5G\?0R7MG0E'*NY]?!YBQ0!JMF/ *6F):Q3*OW2UQDC5Q4E7* M,OS)YF _<=&F]%Y5WA+)IU&5X62[1Y9$P2718J'W;VZ(B9/\A@&F;-:P[R)N M4KB=,J(" 'E6Q&4:@"J*8RC8=7?M-]/,8^1#_5])/J19&1<5][8MZ)QE:?!K M5DN;H#'ID&?$OENP[<))!^+@15-^@W0 8V\2(@BB-$@).[#BZN\A&Y(2=%5' M+7AH[OV MP34QA;94#78_]XYT*^_43:8S@S=SX^4#16)Y12R(?._:LLZE TD M$HC9V2#3H]Z.BH2KHJ&1NZR8MNW_M7+4) M[C<(A@JO0ARC(3%4$//):7-SB AZZB0M2&00.RJ:CF#(Z< +-$H#J1BCOQ;^ MSLJ*])R&#[E_+QA 18RM(JW@GR07 +G;E:-R07_>5RZ8KA7=ST-RH:4SR(C0*?'[-,U]R< *:CTH&=(JQ\[@ MS>D\-UD1U:D@Y#K)4!(/JHB(]Y ,*30J6C0T?2[CADFF)$IN2-2&V^ZN_5:B M"07#Q;OC=Z>O3E^_B]Z\B-Z\/3VGK^D")J>3-Z_>$CV=OKXX^_4T.GM-GT^C MR':,K"-@IGMTH.0-\#OI]4>;0D\<60MH+E]BR>J?VSZ;EMDOLZ-DA< MM9"G#&9,MD-=9)W?F[1A &3FRM+9PYX&.Z1E/L3IDA1]3@J/-:6HM?'(D0:E M[2%ZH4<2+\K]7UI27%O:G %2[U)YEJ ;83;ZV3TFIXVH4B<&H1V0LD!?AXMU MHIDWX5K*6YNLG-X[DVI=%,0("@FL044L/-8V$4(&H/FAMXCCPT'L(WZ(6!O= M&HR%]2JY%[H_/#$LYZ>/ SJ5FT&WCZ%DPN=P/BC]P:B.PM'M0]G.1S MP25/%X^)JWJ"AB;:E-+S'>5893 Z""=.&$OK3:_&$U5:4J)%-,HWTIH"Y-C= MG[-]>"B-E8Q@LH#@$[3=\1\HG[LTI>QY@G2/P^ARCD[3T<*'KC<:FZ21+(+K M.5CG^WP:5@4.8:/3Q$E=)=++2*UU#X:YQ!3B2X:)OOJA:?1(!RJE S3)R2B7 MWIB3+.=J-&\%=$5<%EX+9FM=1L<*]JH3#;J=,\1 M4[8QON=[1'\\]4?^B?6XJZ+=).(2[\(W& M]/R2W,Z@R18SC'X[V7+O@3X)&MJ!-ZD#.ZV#<&+^#7^:V-G7F/DGB!T2T' S MM1 V+1PG6>?GG,B[)95^+ZE#-DG-ZDN3.PVZ O-T5$M/;(CGT(DA QZ(?>Z' MO*%S0_K$'B(G)74]K9+1S^XI69MPSS;W2UG74#V^A\2I>,YI57-J1DDK%;!2 M4GU0%5MF^TH<.&TJ[3B;-%7 EO,"XBT*VEGJS799DXJA M5C0D85AD3F@7VH $"EJY*OEV44,\LL#:%C0O&)VDF-65$^J%^CWV%330PQ*R MHDLZ;:2[9*0M-16)S1I$W!1;A8QY%BD5I*04448J2@4!XVXVE^P6+DTZ*EOH MI^VB!4_)N66WFM*J7ILU2?AS!3;&,S.9 SN=@W!"[N(M@N7D^.+GZ,7+-Q\N M_LNXP+#^'*WPZ_(GW!QS<7OHH28Y,$*6LF2 I UCM" 8#"D+[V93AS[ZXM[P[ZX;:X9AH S92HN>S>#*,"WX@ M[A!0J>]%27P6T?M!B&QHQL*F+&])X;*'/[:M/=G$YON.=1X:W%,=$V)ZHO#3 M8 $+(*';%EB*[@)K$O<*;UJYA)^ZN+>_K7S0@4R_=:TS6]MF'(8EX=A3I)X$KRGYS<8<6 MRPH7/?^#I-H"\I34EG(\VB&_7MQHV9W"%T 6$5LJZGS;B[E+GJ.XG^O40<&.UF M_7(69OF67G<$AQ_Y("TKX4<$,0G-4#JP.4J=O"G-4_INPNM/<:1]G?#*DU9M MGCP##^, 9(G\JV!1*G@QZOJ[2"YD)>3B&HFKM*O:)V7Z=9*+]/XDKX=$E_UE M7]E5$C-NNG'M@L1.]8VB*XNK5E1XXE"A?41G\1\BNL9X5??? <$U04!/6#SQ M#U7C)U!C>AZ^FB7R(X17AKR;K<++7?$8X>7NVL*F_8N^57B!L::>7FT^CP@N MN!BR+2\M/P^(KC8%7N!6T>4NZ8DN,IS"A(F^Z+*7;!5=35IP?')29PU+V4.6 M9J)O?A?993@23@F\C>P%(,6Q:AMOMB1FC06X2WI-"N2,LLVM#!MRJD:Q:!LP^\E_SXD M;MNJY&QH<:!F$CHI F*8<,85*TV/$+:D96T5M>;WQPA:<\\6D>(N&1&&):E4 MXU:<_#H@"JLDYY*%;8^VE_1$85;$5;7U9G?)=BNN1.X_TVI9I.R!2Y$G!"Q_DI#/61"2[Y5]MU,Z"4UY\M3.C UU_5_F'BOVZ M(E91<0S-V9 E1P._D_PS8O; "MH@6"/"MEO2]C<2.W> LT&F+[<'F+R_G=[/ M 'AY.'ZQ8RA^K=WSQ08UU2C5'B^[.'!Q]/[U\?OG9^].GT=_ M>W]\_N[T_.6_16>O7[PY?\7AN6@R()]C1A#Z+."JG#_)\%FD3VWNHHR6-E_/ MHN+N1C,L@:W OE8_'O3,!H*D/B%# B77+W 8O^4X&?T-1(BBXK];!+K:E-/_ M3#[>23?4,[D48X*X>]&H5ZQ-Q-DN'VKD&2Q?5%1PKFS2T()P4,6GA2#!9C0V;MUZ2F1?MH"FB$J/D=I:91$GI%9J6 M-)[2A*\Y/\IE:'FW6^I^%OTXW2RNZ+KDB/(X17K$JG)RU&#K\B.R*9XO MEO=8WYV7$H.U30#X(9M(.;?%DR1V8)Z<(3>8S+\,B2/$!C,D0=#;H-BG)<+! MY[)NHE-M0D"R'Q-!P,5K^YMR-BC]MP:-PIQ,V7@ O=9VZJ!=Y#'S,Y%Q@ VK M,_HWB3,DT=)GSG^F8_U=RHX"5XXJG=ZNG(&(.2=W?*6": +TH-_)123Y-9](A&-HV5^D?,9/H M<0Z+\=TI$0'NT&)ME:J#JO*@I7#I+>-G3I>+_\GYZXQX%F ,K;0]85@\@K%: MKZ1?02_ -Y5E P%_+K@HF:!K2M-W"Z%.]*[DGC!A,7:K3=3+M@^R&MO7?1E( ST903E1D!><(P9BC" M8_B\GC_U6XB*\BO+5&U9IFCB+=/A$;/# 6U]K[#%C_Y$D5MO$[DEG?,T397QDZA@UD1!MS;)DUMF1,*VA%[><+HP M5P16R.[)B.77.6O#>TC;BB1@4XN>DR#I0N0]DFD4>(LVH"5FVR:\ 293<^O$ M6BX#34F:E44=9?!,D(0KDH9??"#1SHK:HE9_*\S$FET/DQ;J!(M?Y$'DG+KI M9=D%LA99BQRO)K.=1F+A5]?L7"#5N>:4\P.;K+9+SF8M_\-9 "I*Z4O>GR.R MWWPYFS7!I4UP:?$H.8NZG9K$.%)"D)25M;3L*!@#3=3(VBA9B]@N9^G>K.4P M:8EMINU#BA?D+.I S=1SSAXBK1&J6T.*$2U;EN%9.9>IY!Q;*_ZWE;-YVFW[ M6M;>-YZ$P8\>P]V$>%X>_R7R_>%;Q'63]N7UL(CC)W'JEM?D:*2'3M (;:PI MSG9I^O5"_:#Q7\EN@7294_>:\31.AZM,=\R/ER*4],-800.]U@[*H[P+V]EZ M7QF*3M'OFT1@O#\M8-E^T)+1,;U&Y]3Z,.6"7.[-X6L(,4W[2#J?/DT%G.C" M0R0ZMH@BKHO'A/]ZZ!GZ3N1@6G)1]YIWVA3:[J #6.%VJG("'.+T9_@UM15$ M%]/E_='%D8>Y)@US&3O4SEE;LR]M<:[K@69J<_'&ODN?1-.1G!P! @(^U&P! M_#P=0C_T*G^!SJ7P;)J9:&N@+2AM[T'QLS4F?LM3!4[].EP%'ZBSK7Z(2*(7_;CKH;]J/QPY^L/EVJ!KK1S8W^7?]] M-__C+OIQN;KZK>T><1@/BCP)F?25P1/0(>\_?;80=:;INU3^AM!9 MC"[),S"P[#I?\&^=&H.?HANP+N7Q'FI-V'@;0&8*NKWY8K]I&2OF*P%[>ND6MLR0"Z MB[6']7Q-+-_ =*N[U"+E?ERM9MP>%7RP2#HMW3?@#?)N G!P;0]@!QV V:@O M:0P6_,P0VR^KF]M(B4N)#7^]Q@9=KM8W*[20I/6AYTRY@8KIPBFPRE, *S!H MN.*A9DDD_2^7B^NYMSIJ6UK8-;-*V@C<@HAKDYK!AJ\,FVKYIL7KZIW=]X+W M[5!3QWFR\%F+;C7(E857P%4,F?L5+-AV+_(:$'#?K-^"!L?@O?:8=Z/:[\MLN]M3V?&USE*VUILS]/!**9 MX%A&I[_S-(O+DL/?R%J/EU,-H&7Z'03@7(X#!X7.MX,F<;I8GTALY(H)9[5J$@TR]#KPCN#G^UC'69,1MR]<,Q@WJ]TS= M+DSVN^W8@)!:-L]B#+:'Q9AMKLLO$:J?UTNTYYC_X+'_NYN%UPUH@[Z:1 @W MB\]6)99^F'=T.-$<)DO^(@YL"#Y8B=R7H$S^ M*1(Y/ ?B)5 )3\+XEO,*&(9)^E98,6S>FWB$0^L,?V+8?&T4ON*6@Q_FC(:\ MMGT^:!Y&@M)$KA<&NUF421<%[[#M+ZY1%ZTB/^;.ZU^/1TH;:M-73/!Z]X)? MPAXK%+KKH-DSI3PS[X)TI]ET/8/&/[/B+9K (YPE/QQ?G/!?Z0^'$:K1(_W> M/R;L/$Y_,,5$KV3KL'"_,"7_JI2L _EC8TPS_E%T=LU0LUYW)_ HZ8^E4E_< M)[:KB7,7;"R$/-&4X6F"797W([J#YQC-.3!L!;P!M_.Y:95NK2!NR>=\9--;,G^72^O_NB:^0(=97:EB55X;;1'M$[T6 M5'Z#7W9J7-G^]M/U^D%M&C0E,MY^'-.H UG,"9O3=GO?L@JWN]!],V\8)VW>Z"@Z2A[L>AP>K* MHZL]!@-Y'?LS-T$8U]$B]WR.@F4_W">I\RR07*]3R=!H;3ST=9;@ZZ3;X#U+ M3J7S.W)NI9?+RY>[J$P%.M1Y#K M[S^O;CW11"K<]?U22-7KP/.,R)#X,R+N)(.XYT;X.D^C'/N2)M)Y[0=6QAB! M#KQE30=!I/A3=ET8WL87_1!M5M=W7Z8Z)FE7,_Z@0Y9FQ$^K&9T\TD=_"X=D M:8-ID5((3>QIE'KW'45;-L":8%8X&J;C,]@V\\PS36;UC^O,7WTV'1+?G3_* MD@_JQ%'>G@-7VTT0G,& &'IG,"\]LR;F!(>L&XPHDC#VO]" MZB[]I88/B'_= *'#;?H(_ #_8(3;6*9A%*8(HS+""OP=B=SNV9VDBXNI27'>GZG-C":;MR*>LH2_P#%+3W@Z MU2XBSJ+VQX1?@4.KUMR%K@]WFO[J/^SY_';%@1'O<2;")UV\9,_NV5"::1Q] M> 5,ZPUY1[WEYTT%HYE$:#YC?A3+AO_G[" 5C=9+2ZTC_]GR.M(>TR7(PR-,XNDCO="= MM<^@:.E&J@-0KK+MQ+PMU:9#MJ473ME3.R46'7^HL%!7[GS;9GEI&-+O8N : M.V#J:2R[5D3/8 5E*YBBO@8KAXM/KF_H;6@#](XFG\:GH@R<>.W4MW P(II[ MS=BS5[,B*WZ!#D%T?7 >*4"$^::4[-E'9!:P?704O7"_: &M'UR4:)^%0&$-04_7%O192P<%)@%3[]#6@@[U4E*7<+BN4&S)=/2%XIOI)H.'S O566D]ZK7/.S-,$\U*5"V']C R_!IL'W.B:ZEH(])FQW&R\5O)$,W[1MZ.V5O!#2%%L\U^K8<4*6DSM"TAZ-".I^ MD0I[SYW&_WX_^V@[/G!WT]_F3$,=CX9\SY:!6T7K MBO*>9F=Q'4S5;H1W0C[,U837)"#E&OS*\(S71:+''J_ _2>1, Y:^73_*8@_ M0%AMV**?!B_D;RY'WN?S.Y.A)PZQ_:CG*,@1&R(=]H>;<(7U6(>KJ]J67&7> M-%Q_>_:GG%XU%TYQ+6UB_1 9B1(:Z)9+.94)!B[.V.^?R5T&IE]B:8RZH2,Z MF]M0"/W(GL%[8K=K]=&S3LD*MF3:HG6J313E4C8NF>TW2PZC0FNCCQG>.;(P M>CK4N4R_>BJBV %,^:8F4I. ^AG52H>'8V+ZSFN1ON$$VB.I#9VKIY/&F2[O M.DT%[T+EN9K #CH/@JV^IRN?@HTH1&F,WA!!1=<$IV%5G%+'=X(-I9-V4H M8!MN!4Y$X%K!HPTH^[VML-=ZDZ7-"M.)^)B9^H,*0#ZJ$I?A"#T/Y;_*1A*: MN8?]U9K8'%@B^+Q2 *GD#Y_IA&*>UR:!@Z=WC5,WFSX$W:P] ]!F-"QNG_+B M+H1\O<[GTPW/"HJH3MO7D8Q%WQ";&5K'3586 MW>2$K$S\A-Y'92=328>\CK W0F'\&N:UM.OQYL:2J1S6F3.=_0/N M18'=PYBG#!]ZW6-SF!$:=KV+16F6OMBK,-=D:3?*SQ,6#5(55+KI(PDD;6Z. M05$(X4>7-/3Y.8"/8-.2%P56UYSIRT1JI1&JB2-P,D.?C,=>-.P\ONG,G%TH MCJG!_2K+>N09=1MCU'G4^;);5'<]Q^$%:2S$M)$OF(VHC-;$[UX]GO.$A\+/ M!7U.C?8H2^LEH 2+)R=MO%F7J)>+M5T4>3/6?T"6FUZDA)T^7@*8VF]Z6D*_CTD<'C"9G>"\ M;L369S-QTDF]HK7WM!G5/!8;V[PJY''3<+$Y?42W&):YS=FH/M!&],+GHW%RA<>U' M&ZDC)H6S-?.2;^DZ39@3:PWBDY%/K$,9B\,,QY"670Z+G:($+DW0U2N^N;]\ MNNG/55[XR)4;=GN;F@PQTP18W/.GDLSBZ M7.&1QL7GL7,0"9XSG]+W1EL2U@G:,8->KE>_B6_ZRN;&&LYD@ACF6Z-V.[+.:*%_;$K5XDZ,:PP8!UIQ5P7$@[W4*3']QZ:P7T WWZDJ>2J=#N D M5U9[43);B*#TM7+U(SI6K DJ?R>[+,Q0F^L6:L5WL]4[^+WL@F(E'A_9597:.2=H3(#3?0M,+][-K3..S<7('!/8=1 M%9>('G$-YSU]Q(,BRX;GQOPR*FTQ6!JY<1'F@O40_[=/_]V-'BW@<)CLMG=2)"=$H+03!H2KFKI>:EG0V&DN]5 &EKL MO!E7 (KBP\J>FGE0V[NQ>H^D?:Z"S$Y^M; NV,LDB^4;ST00-BC&[8H#?E=. M$_3=4B;O.687,I@CBPPX_P=URZ#"$.]X,Y_.5,'TJ,.;BBGYLI,X4N!#F'RF M@MQ\RHO9$G+4$*-@F6D#)FPL;TK=#36.11:M"M(W6#9G69-'QXC&PJT1A5L7_X2J ;$1FT&W EM$N#W(3EUT+[ MG--^"OUF.7W0_ @[RLP- \VX6\.F_D(Q#%PIX28(UYLD,9_6)$85V-16$S>. M/SS0;K -9>HCPXU#M>I'8:/>JA]M*>V_NQE8P[A'*[&GKK@R>3G$XD!:^;E. MG@?9U;:0LLY2J*=B.>>3RNC'1"\U^;3W#H$ST=71?S)->QS:'%)M!7M.F9,'!!8[[@&P,&MD6\%A<@'W/4&"^X'_3Y8/Z!"[O9Q_G M=W/#Y+A2;VUT8[5Q.O," V2;#5YY&VG61!O@$LG:!?-XN%HJ#S0)!X96U^S_ M9N5,R-9ZP9CK^-GDQ DE 8 72SGWI^D&:2SP-4F"F!T:$!C-I:1T8?R".,:<.@9K\,E\P9\SH6%5JV M7F%*S*5R0I@+:>%>K^1?WERC9#9[9KT'4IA]7KA(RL""((SS)7:57Q\V;)#* MWH@M=8Q0Q:<=]:\0&T(,?JWZU-T*\Y'+TD7AOX+-N31E+3TYH$+$N9W82#V* MWMZO8??>.3_C\.-X]YP'P5D8)F*@DD$T=3$-? >PF92XD3%E!8!59G#GIUDL M>A.-26.0DH\I,N3FGJXC% ,7FZAX:F;.;WFKQ2"2:C6I:.!S)$D2BG[&N==< M^_?E=JX)Z?[)W5(M* XR4RCHS*A2[XII%'X2V4 ;(6(G_2#.VT1Y$;W4[PLRLK'= MJ,.7W*J86!5-"R&H^>U'>K7Y6DJE;G45)" L8QV* N"K6=?6RA-Q*"I^%[C M^AOX+50V,RVB[GDEX2IK6AHL_D\'Q< MX8@A>ZQH*[-*DK/II M?*'B:M,B)$ID0)]CU:0Y(5H2H21*![-8P!MNYU _X*3BV+]2IP6%24_=, &SOC^&D?-@2T!_/3LUJ=<$OUWNW5/B UASVCX.$? MQ%H8K_SF0+G9Z+6<*(N3K? %@.$)3(\IQX?NK&YIA2T8]U7H6IA"495JM; W M7G]4]A"HZ>.KKN90?S:9X\8\^.NF[R1PVM?F86-S_D03E K7SWY9D10LJ\+K M,2_)G[*Z_+VI\R9J_^+6U,L\G7HYD"H+M3#1%&\JR_(\;L:)N/!3L'I.T/GR M^BD[YVD>YRQ6=E:"&/\W$U4OA9C5U?M+(WQ7 H+@[E6](7@A$QLP&Q1 -@QM M6K Q2A<.L<>6K##I$.']E25F;%D^R:_U&C/C/346*\G?%;&P]2;(./;9B^W' MT)\RFUN;P2@,/?4.K)=#&$+;4Y>:>:VJT.8W5I51**M6NQ! MQQ)FL1$K8^*S)F(R[DSJ&9LU?A*+,\-A6G-.F5CCDL[ F20+!"%AW-F-T.P$ MS9)Q-C=L)+YDV&E@$'JV&,*Z/)UB^CWRU5PEI)" I!@;,@&E:=Z?44J9<>BQ M8^7RRGBYW(Z*;V!C&T6XR&R/LE>:)3-PYJWMV8'E./773;1-#[_2OKR&87EZ M#U),98-UGK+FX0@.@!.Y) (;HW[) >=C2_D[S/S!3",3 @^BXV0HW.^=G<"I M4PL3+X+&!-W&1IM5DU+]@X[>#?UB" $3P+&87L,H]%(P8C]M1F[-$\X8D\3S M+MK%Q4G49*7%KO [(=CJG2%P"KK):2= [="(@Y^\\-EDY:G\VI;08?;B*>W% M4]C21"3+^97/8/I#.TZBHW#9+ZW5Y?R.UX74O+EU%'JZJ@^T%NRE\7$3C2U^ MG_;*F(R3&KM%$D.\/C?SV4=^^4^\IL +I6/&ZM^*/:4/ZH[[0R\-8YB:VRP8 M*A+8F'>2Y?Z'E A]QFYLJVN$ MDSXHJK2#5'A0UDE0S-V'30@&W)[#P\\H"J_R6YY1^JA7W45W&VQJAE]_S<^?9$?980\:5SSF8^VO1Q-=1:4 MYCV2K9X"]S)]SM.;]>_&%\ MC-[]&XU\&6>C<]HY'BG6IP1P;L2QR7I\D >G*1'JZW=(XC!2OUBO^N#$5[=0 M3P85!8W"CD[7>&^M4W:^^'1)JJ3ED3;WC<'%M?+<&O7PN6$/=6G:$ M;MGQU@3TGO^>W]>&B;Q.@/N@*$#5OJ;K5F+O34WNL?IB_"(VL\HSOY6A:M?\ M!E 9\*KBWH:_T:;7?/!4?@9I4=P>I_US;93/U6R;DA7620;5!#9V>\.][= F MUZ ,8CF&3?D"ZO?%_ LG)RHV4XC9Q#DWOH9O)F57=]?WR2/5U&XCQ M4,KV3Y]KNFB5Q).RKRL]&,#R$M>;EL'2>!U38Y@BNBFYR(<():X?DMLNYN/O MF,T;ARO79=YM(%IY+9L0C'\_N U=&W8'2A8H &56MT]-(!YI-/?P#P@7-901 MXB6T27=9G4KK&S&^=@O,6Y/:,WI8>5Z; M)X=:[F!R&;MJ!4QDNQ]^XKS+_=VMH7U1M=L/?URR]PQMMXG M=YL:7B;$(("O-G-=N!\7L?AHKR$2)<^04\F_T [?B(O0:HR=*A-1)4 .M\A; M7IKVF\:I(IR;33E&RC$2KD>*ZB5@IQO;0&IW/DZ-QWH*%4DRF0D<.07!XTU/ M@7K.II9!30Z+T3S[:67DF8WM^,IKL;'B^/GE_8-9KKO^PSROC/V!M0X/].(Q M"RC%D!R@F\\8[0: 'XZ/#:W0QKI=5E+YC%PXGQQ4,_?WG&9<*>DXOW4=0/1VNMR;K-P R-6;%7D[=@A'LG(]J$;B3 %Q9#< MX0DL6OQ>$I.U<;HKU]2:0\Z#WCSP- ?\'':KJ'HJ#BHA_'XT027$&&(=/']% M%D=/7G*I_)/8:MJNH)^!P3:J9<,J^J0>F5NML&(CSC4'#LM&6C4SM1;$%2&P M:<.XB6/8+)?=@A36#]3+L[F9*P@,#_3;'.OJ&O5.+R'F,3SK)VO.8Y2EN)0* M"ZUC>@_;R!2PQ,( /VM8S2$-36TWKNU37G6[BAPTCB'QB-=+DYMH5 G+*KP< M1'Y&IR_W_(^% !D-O151X,UBZ4);'M:V@#)OFS7GAQATD2ZT2+#@O$"J&.DZ M[0=0XF.K=#%*W&%PD=KP&7Z(T7BP- '21EX5V!F\3$/P;$TRR=I2_=5R8ZIJ M##3Q FYXS,SZ4914G:4\7UIT$^=4_\0U3>S=IG&-/(BTPIYI$)0PO;JA":T" M9N_(U$?7N?^L/9^\Q '2+$3WZ!VJL]OH%Q*1VMP'$W)B8K &Z\<5CM_DR8OC MBQ_1'XBK_Z+CB_?1Z]41#_,TS8D3#(9[HJ?1B6BC+X6/3MZM/J,C7U8=/HM> MA;[S\,K5;30XY!.C>-D-A3_"P3<+2JKP0""RV3$\(@Y3-0+>";6&N.83&WJ% M 'AB]T0T&>!Z/[%5"ZIORX52A;!:KCX^=#C88H0Y*D.4?%3ADSN8(_!\V:R9 M3[FUGRFC^PPS2?J*>@D5&^D2&Y*;RFPYZXZ168$DX7^DTADD&:5R/:L^P0LU M,L7K$1Y$MQFM@XI=&<.)R1[;@<#WKY(-OV0#P=CETCO\+"! !E_"A#Q1E;/Y1N23)^:8.P2[V"B^=,K53K,E1:>0'2XRSNY?M/=.D8S_-4(KF&6 M,;SI+SP]E4^-U.X^TC9=SP<+F10^T5GTP5I.5W(PG"AAZM-Z]U2&\Y M^CMCD&"W;HNW5OXZ!I4S>PWM1:U,]=G /K@V)T;6K&WUK,$X\\LB0N3/*5/1 M&@NQ-K"VFJ2KF'33+OY6Y+484%]:I]ASK,T QRV#QWF3Z<:X22F&AL*4XUQ9 M'"*2BDB#^2?ED<$,-#)BX8*#&E'H5";T;TWCCJH^Z[2_2/V>Z3.D"L"SW,\E ML !H*I*][CR6;_5DT@M;_GONM3 =%4,V&<5=RX1B,IPZU3G&/[="-$S*M$0) M#3)0-7MI9HK;_=1 (%MSL] M/4=?SC_20\Y-8&JK4UJKSGFGS:2AW"L*%BO\ M/)Q-2!M^D4"C=EIZ\%[JL+QD?R5K^Y?SF^GR&O>;9W/FNY<"-_6-9%;PO>S% M +V.4\9CT3>4[\QGDA1[@W##K^Q$O$3WUC4,#%/%KQ M;H6*0#((S7.%H;%M:;YA=@PP$5N (JZ,HQ)G 8/#AA:.Q5A$Z>;U2VC]DK: MXJ5&>"5^Y3)'S9,";6H$T]!Q>+B\Z;_D2B.Y":VI1+0*N0;G>'B$11VFB"8"H-9I<47$ M\B 52&2=7%G]7<%$O?P3WK/AS>K499$=#5FB(_)P'I@K&>WW03F,'@$[EK!Y M/7>LRL8&\88%W+UNK>^3\*:[,258[#YDPM4)7<[-G$P5@.GE]. ['B[G2R P M.UD9SCF@%&?2>'Z**1HU;.8=?\4@AFH\@* :=YT6-BU:RWC8A:[5DM;KUT,, M'EER$(M2JFCC0I..2 //;I#*;),8_*B/MQQ:7'G/.:8,[N/<6M+^7'G(E:FA M\APO/HQ:Q2,)TN?,@UR"^$9G@RAHFBZ5KB[8%9FZ)!L.-/:2+2&>?EQ)42<< MN1+/P%.6R^EG3J4WW;BT25? 6@W=.B!2#V!%INNU>@][9^S=;NQ;&H2_8PVC MUR#\0D$),<8;?N*I00&5)()#;M?3O>U-;W*1@DVZ)E\,G(M)3 Z2)+%%SROQ M,AP^DQ@,QU\X*O_AL151$ZEY.HP.H@E11]MFD?R=QGE5Z]]UG);XFWW-X)T& M'\-$%'BDZ6$TR8J$KIND<9VU_$<:5T5.?QUW&DKU>QG+3%+1WE<997IHD?V+WIBZ#9@ZO1KG;1 M1!O X4&7AS1>U29XV[8IZ:LFSFGX5Z0(SXG>;^=$Z;*MDZM#S(#F.2GC4I8H M*VE1<9> #_0IE5>>WKIH91?R+,X;W9&RBIN*WWJZ8U=LUVGQJYF8->,\>[6H M"LGBL!]VEC=F8>ZW4I<6/>T5GDC19?M)/\]7ZXV)J M3NKE_./4I)?D1[R:9Q;VX;:3A.)\BWYL]Y/FW$V'NT0^Z.BUIZL3<1_Q;@QL MDD.=&&4SIO%%"-[H\2N>G^&ELS[_W&8U^%QDH%D-W+/23^("O4B&$/D=MQ!+ M,6@N&'3_\#M31!/B+'^U/,7V%W!=0FA1I\1J^K'??N^G[C=59#O=/.,45#V/ M!U$:)UE&_\_I[Z*HXRQ+Z:\JR>*:#O)+4L">N3G/ "2"3D*RZ&S5,4Z[H.A9 MSP4=Q2QIA .ES,KP!_,-&9$+D^Q0KG6J#\DS/GI+!YW/?DY',9$_J@R/L6_) M*N]8/QQY[32)FSSEUR8&0L?[("K;FH9.H^/9C-O0?^-$99XR29GAUK<'=,*^ M[Y^W^OY5JN^?]-]_2U<:NP)U95: &!E6H(G1Z=!K$/0LDE9,IG^*ESN>-7E< MUDV4)V6<-&V4YVU<%W5T*@ B$'VV*8V;/Q$',5#(II)8=TXS>*X3'7Q$03RV MI$<0KTUI-6FJ*5'K:>^=S#P/HORHQ%NE1T7)_WA/X!_EVZ*0'\M1#O#FVO;0 M,H(,L';1,,K$=E:@R(&G?9S;$.E;XUC= M]?M+-R6%%>32YX.H3>*:QF=2JMNX3/!WW<1-@[/4UG5<$.&+>K7T!TFS.F[* ME.XKB?>TQ&?2K(V3MJ%OBH9(J<4 6=K$)1-E!NJ.BS3!WPF.:,W?%A5I$G6[ MC8./Y"TNP+Y-CX3 ?_6VBC.1;\7!AU[$CLU4&-51K;"QLIIM41.?/'YH[K_ M+N#^,SD;(!WIM#)'+X=O(0S9&>V4*Q]>>GZ,'3^?;<_>) (@UL_'L *3+4FG MQ?X51"7]1*X\+2/(GC8J\BQJ:'(?ACW6.:F/)$K2-*K;(FJ+E!_4)CC+1"X) M/M- :<4$DE:]P^V@ H]I%QPJT0M3KCAF79R83@.\LW:87HT$"K:CJ^!B%Q[: MGA+-#N+=%L;/G%\B$;7 (<U!GN(XE# MTKIF55SQBJ1-1;R*.6#1Q@7QK[.AJ:=U1D932Y>3S$OIWRHA2JUZ)M0,)AX9 M,5G)"E,!)4K^S&@ODCJTI_R):A,Q;XK$>]MR:+)#B$DV)^U$?!C[\3N']!\( MNJ4_H'&*\ ;]U=^:@/V^<>DL)PKYHGRQLU&O=R%,39Z\/O_UR2&ZR_9QIEPC M@1Z@*JT/9 _D#NLTS+A(9=7#XTR?3="CHC-*G<0MZ2I-$[=EQF*QB,Z\6[>8 MM ->"";H[ ?B:WA_\^G1KH6!D=7#H,X%]2N\LZ!QO>TC'DOT7?"BM$2A:<9_ MD9W=ZW_:QWD;O"+DTG]"''U4*GD;0$.M.T.369 /29KBFR)OJ 84ARE@7IHS!)DI0>V]8Z31A&L.1(4Z7- MQ7]*-P4*GL]]$M 9':A4%!E2GD%M MD+157<5EGIA"*.VG%33Z@_O)WP>X<8CWMV1SBB9-KX,]H4FT;>IM1)9 8Z"E MR^"3H^D6I'V3N#!; !]-1AI P5M/JCW6!\8>K83= .C^M$8IJ?X9S3_-H(&T M9NFA1Q#G2&G]FHJ>4)+)1\O/BSXA>BN)"S6T"Z3\T>X7]&\9UW6J;"O(8)K, MV95)C\G8_*=%:E+V+E1T;PU/ .B#IDGCD-%(RTG*)$G;NJJ&-JDD2LAI(W/: M2?XG(7,]V*'%^)I#/N2D!,&/2/PQ;_@M\!?1?9GPGEA7FLFS&Q:.\$;=#3B. MP&@\?QEMJMOB/]M-9CQVAC*\YSMH6V\BF5>B;AR 05!#\H>?(LO8(8_VGD@$ M\F'NOZ[FHZ,NJ^H]H@G>]C?0X-2[@U2M@0]3=S>N9 UV0QO#)OF9[)E?!S,KJX MAOW8GX=PH_>;0&#?BXLM^F$KZI1!)P*C6],VR,;E9=ALO/7+14S[]=JK%^E4 M/X[4/O9FYDK#A]_;&M_;O>FNWT/CU6RZYLL[)*RG]79%Z,L!;O#?0WE:%Z25 MLF,.NEK&9EU2MQX+;\@4(S.M)'G11CF[X9P 38GQ02!G44T6MN'8-;L-24E- M:_9.YE9,9F# )-U2>I[RZ)*9>0F-L<0]53)T5F"V-%$5UR3C2K8\'J4Q/CT/ M+9!_G,+SK^WH;$?TWP=?W' :Q0=V1DS\M3"_6D#V6//%#J9>4>"#"S6-DCBY\@3-'TQ\!Y!"-9$ MJ"__#'K?5[7O3=F7;.&!(/)O<_XW;^4XI'GN'8>254(B6AJ;]#'2B\QI*$B+ MS_'?!O]M2W<>BC@C_8].&BF9X@R6\X#3E.&$)"G"*74N)X*HO&SHPD8HGK39 M(=61M#%2'-ND@3:^] I<&J< G\*5?0I01R, M[]EAR-:N_ G?('\43X'\-R"&"BO,7GIB,EA=6I$LSC@,4Z5D:C#?J1,RM(B? M.2HIBIS9)DR=I*D168#J#@9(BGW9JJI=9+4CGXHL([)&FA:A*[++B+HRV),% M[6B5PKZKR.9KD\K259Z"IK*H( T]*2O81Z"'&H$*NHQ,=]K72HD-<2?X3NF9 M9+@54=L09=#C:$)DE48-F5(PKI@"&[*(:CCXB/C)F"EH&HA=D%S(\""X6>DO MV$\)'9(1ZJ1IMSD=0%H"A"").@3#VUG0=]4*6*L9&EF,/\;-?6SNI2 (WN\#/7D M)=G&)0E=6NV&2"&E;4TJH;.2W7_P!M)>91%.R9HNY)6OR&%1<_!SNK(B!D_[3/M".R41 M*#H,5<&D58B+T)(66!8=GJK).;:=TK]IQ>0([B9$1H<-VV])JY3W+H@\$!NG MQ^50$ANAY*:$:ZLVI$6LH2)RH<,2Y\10Z9Z:Y&J=U.RJJG%D4R6MLDE8:-(X M6<5.(-(>.7\IA:>:SH!P)KJJ'"6M3*(<&;T\\LHRK%["QX%8)R0_34\>TN+H MT9 %3D1,AXJ9*]Z(!'.=T./*B)U%-,/FJTB+%A>'[,![V('WN /[P /ODX)I!KA$_P$!EF?)!(2K-]QF*[]3251GK;A6]19;Y M3^O5_>>(^'(-1TE9]6:F<$929=H9.Y5H'K$PD@1ZIA?A[6,Y#.S_*#G26)& MLCD%P1/,&Q>(ITK*:5R23/=FCF82@IH/9_S&Y%WWAWFF6QX,/;S.'^^GIOL' M!T03IEV2(DA]&!AER\(2-42(<;NO_JI1@OUG+I/(.,^$)M&4O<2S1_!L&PV.PP>F#Q!3#+,(]\BI&B+TXRLKD+T0+G-G+E>L\#WD< MBG9?3==7-P@QI\S(H'H2IV,-U?Q5'I7)GH-4/(BYT0V0[!C (;0$.R8(RXF MMYI_ZZ.F+K#&_7.LK MY.7@%%YSW?[\T^(>H#VFYX?6U-J6ZUH?="EE/%E1:T%/PD5%N4 M>+/+"S*M1!VPJ4N1>^1!/1Z<(1N'YC@6I)WAK_>W# W0N0Y)B25'O4@X(:?W MPQRH%O/94X/X$L)D$&>HH[](HOU?>LN)JAE.JS=M@**WW&YSE-7U;_"")K@W M>O?PN9=E]H9[>VI6LKO55*L90.:[&W1@WPXB'X^J!G_=4@(H\S8I[P=6B1KZ MZWR.:WQLOF8"$4@(7(80)AT4,CQ(3-[N>&[OL&\DT,(V MWAH9M(&'[[ W ^=CO)ZJNV^R 9;&Z?P(D;L:L%/38?(MXY;^&7>\<24QG;QD M;M'&UC8GL7*A$;L),M+!$TY.2MOH)^:,LYTJ?O=?,XU9-*DX&9F>,,G8$W&( M1TR0]+H6=,4JY-(NL9)9HI*I?(% [>2!.8^5W*2J<__%)O]$1I MFT]1:N[D5@RSX_8>[W+T$.*.FI/[45?.0W[E9VT_T=L.SZ8_"5=V\GH.=B<'?>BFT4.A4_!GM7L*HZ,=)$=)"HWB(*6_2"],H^R(TS'Q)_[A M'^22C"\IVBQ*CAK0%?ZD?T!]P, _,!_PQT#_+,/NF2YBYO&BK;WUF+RRB3UX M;-?G7IW6/^'&'7PYYU0&YL#PV!;F3RTP M:"Q?;L@Z0.YLG)5$=OBC(1:+ZCVO4G12 ;[@D7G_.M_(-GHWI9IAC,1>UA6C5%CM0.459\^^ MDXSE/:NLS"T.RN''^>W\>G&WXTY%B=&6]]=S1K!T^;L.M>!2AQ-@I<=4&3"I MGNAS^N.]4-2E Y*1!4H5&3( :>")%*T552%5,%Y*:$UJ7,9P#4V2JGF6)H4B M#]"O5<)_5VV$E1G"AC$NN&2U:A(CDUA1N MZ%["C(4(]:C@'',\1Z>XJ\52$I3VD8]KO4-S>;D'!H?X##261QELPA@<&CN' MS@4].CCS4\.!:*<#NT?QN!D@U\DT*OU_W,I+NV<_S5RR[8B@S8"804&W 4\] M/\IY5;S&= +Q9MI83K(CL(FN0N;CK=/MP+?J0AEB6)([$>:;(N\UH9$LC>$N MSGKVP.6FMH$Q>F-,TB.FW^P(=(_10L"BA'Z>8'#0^!&427$J3!+^0-^!6R5T MMZ,#64'T)?L+V:Y'A:S@@(UIY\EOX=!NO?+5[=R#>T@ 0:8&^XSXU*GH;>B!B33OY!6YT+3;MEMI5*:9USSAY*.NC7U$_9GU!PV M)'"\9$YIWA='F M[S_QZZCC(!@9THY$5%EP:=SI[7S]\<%C,X.WE,00$&*):]*@RKJ(RQQ3+SC= M+EA #WCM6>07GRX$P-I1-3)6&;'M;JXN(<"#S;FWK^WAJ[B(-+(BQJ!*2( L MZKAI2\MHITN!%%L18X.WZ<84!0+\HH$9SG>!*U:M%&YJN<"& 7YJ9>\T:B4X M-$FE2#^3FK:*"UQ^'3A<$Q1)-:U [,15BIM?#Y,J^'W)@7 2&,AS;/M0!TYI M]+CLB7]4^YKF.N"_82=04\A^?^LASV-**@0V>U;N=MCK^['AQHITB5 K+@K/ M4JXI(S'3< SZ#&WN 4,7E(K0B :--D+)0,@6T<565*O,SQE)Z[%QY&U0AT?$;#LZG#1-OFH[,UY4$:6R)'L*3 MO2=IHJ@=/:N^YHKD<^E]C;ET<.&!6_9Y8WLCNN88*A3Y%X[3J%_3CIRQ'XIA M35I&D]JR_=W2YQQ;4_0I8 L \W-I9L#1KWT"+N[6>$2Z&$!W=D2?6V19X),, MAFA&V@I\LJ.L7<>%#E[NHU AAG"F?6O&7Q1?>@4?[+L- /=V0'N?1>>/ H%^ MR=C:.*U%E<8Y[V.),'*2[,*;,+GJP)?N#!\J0PX_S8*V_,6= 0YEZK((KF+O&<[I0!V?8O2EAVQH M9P80AP0'X%5>=T:)4JE(A=I1-58Q=,.E7 O11C6I($G+!;^T[[SW15-$;]%^ M=&$M2ZB:0.[):0(5EQ(]WQ??D"9L4'T,CL_;-2);=P^65C\+X"1K7^8FTGE: M:( )9VH%MI;WFB4R_)((L45#@'G+:7UYQ:7^*$]/B*UPI@HI1&F6;R.#K834 M!S)Q%_>Z0WT/0KF8+Z^?.OO ']TGAQH)))S(5]-ZH#S:#YW9PB7_]I1X;8(< MJ1S5*TWTP=3S#C^C;N.4.'.=<=:ELUR4/9=:L$9<.TNX'670E'%X3+H:U@9- MH"J,Z9(U"=))&5RLY& P:N[HNT;_+HE<\]X.GGC\&_F\@3*[GWR7MGBOU+ Y M%Y#HMZ:9$!BR2_"5OD^#3@@9QMA'G99$%@U?<'E

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end XML 96 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 97 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 99 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 381 419 1 false 95 0 false 12 false false R1.htm 0001000 - Document - Document and Entity Information Document Sheet http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument Document and Entity Information Document Cover 1 false false R2.htm 1001000 - Statement - Consolidated Balance Sheets Sheet http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 1001501 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - Consolidated Statements Of Operations Sheet http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations Consolidated Statements Of Operations Statements 4 false false R5.htm 1003000 - Statement - Consolidated Statements of Comprehensive Income Sheet http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome Consolidated Statements of Comprehensive Income Statements 5 false false R6.htm 1004000 - Statement - Consolidated Statements Of Shareholders' Equity Sheet http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity Consolidated Statements Of Shareholders' Equity Statements 6 false false R7.htm 1005000 - Statement - Consolidated Statements Of Cash Flows Sheet http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows Consolidated Statements Of Cash Flows Statements 7 false false R8.htm 2101100 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 2105100 - Disclosure - Inventory And Land Held For Sale Sheet http://www.pultegroupinc.com/role/InventoryAndLandHeldForSale Inventory And Land Held For Sale Notes 9 false false R10.htm 2106100 - Disclosure - Segment Information Sheet http://www.pultegroupinc.com/role/SegmentInformation Segment Information Notes 10 false false R11.htm 2107100 - Disclosure - Investments In Unconsolidated Entities Sheet http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntities Investments In Unconsolidated Entities Notes 11 false false R12.htm 2108100 - Disclosure - Debt Sheet http://www.pultegroupinc.com/role/Debt Debt Notes 12 false false R13.htm 2109100 - Disclosure - Shareholders' Equity Sheet http://www.pultegroupinc.com/role/ShareholdersEquity Shareholders' Equity Notes 13 false false R14.htm 2110100 - Disclosure - Stock Compensation Plans Sheet http://www.pultegroupinc.com/role/StockCompensationPlans Stock Compensation Plans Notes 14 false false R15.htm 2111100 - Disclosure - Income Taxes Sheet http://www.pultegroupinc.com/role/IncomeTaxes Income Taxes Notes 15 false false R16.htm 2112100 - Disclosure - Fair Value Disclosures Sheet http://www.pultegroupinc.com/role/FairValueDisclosures Fair Value Disclosures Notes 16 false false R17.htm 2113100 - Disclosure - Other Assets and Accrued and Other Liabilities Sheet http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilities Other Assets and Accrued and Other Liabilities Notes 17 false false R18.htm 2115100 - Disclosure - Commitments And Contingencies Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingencies Commitments And Contingencies Notes 18 false false R19.htm 2116100 - Disclosure - Supplemental Guarantor Information Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformation Supplemental Guarantor Information Notes 19 false false R20.htm 2117100 - Disclosure - Quarterly Results (Unaudited) Sheet http://www.pultegroupinc.com/role/QuarterlyResultsUnaudited Quarterly Results (Unaudited) Notes 20 false false R21.htm 2201201 - Disclosure - Summary of Significant Accounting Policies (Policy) Sheet http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy Summary of Significant Accounting Policies (Policy) Policies http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPolicies 21 false false R22.htm 2301302 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPolicies 22 false false R23.htm 2305301 - Disclosure - Inventory And Land Held For Sale (Tables) Sheet http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables Inventory And Land Held For Sale (Tables) Tables http://www.pultegroupinc.com/role/InventoryAndLandHeldForSale 23 false false R24.htm 2306301 - Disclosure - Segment Information (Tables) Sheet http://www.pultegroupinc.com/role/SegmentInformationTables Segment Information (Tables) Tables http://www.pultegroupinc.com/role/SegmentInformation 24 false false R25.htm 2307301 - Disclosure - Investments In Unconsolidated Entities (Tables) Sheet http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesTables Investments In Unconsolidated Entities (Tables) Tables http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntities 25 false false R26.htm 2308301 - Disclosure - Debt (Tables) Sheet http://www.pultegroupinc.com/role/DebtTables Debt (Tables) Tables http://www.pultegroupinc.com/role/Debt 26 false false R27.htm 2310301 - Disclosure - Stock Compensation Plans (Tables) Sheet http://www.pultegroupinc.com/role/StockCompensationPlansTables Stock Compensation Plans (Tables) Tables http://www.pultegroupinc.com/role/StockCompensationPlans 27 false false R28.htm 2311301 - Disclosure - Income Taxes (Tables) Sheet http://www.pultegroupinc.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://www.pultegroupinc.com/role/IncomeTaxes 28 false false R29.htm 2312301 - Disclosure - Fair Value Disclosures (Tables) Sheet http://www.pultegroupinc.com/role/FairValueDisclosuresTables Fair Value Disclosures (Tables) Tables http://www.pultegroupinc.com/role/FairValueDisclosures 29 false false R30.htm 2313301 - Disclosure - Other Assets and Accrued and Other Liabilities (Tables) Sheet http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesTables Other Assets and Accrued and Other Liabilities (Tables) Tables http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilities 30 false false R31.htm 2315301 - Disclosure - Commitments And Contingencies (Tables) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables Commitments And Contingencies (Tables) Tables http://www.pultegroupinc.com/role/CommitmentsAndContingencies 31 false false R32.htm 2316301 - Disclosure - Supplemental Guarantor Information (Tables) Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables Supplemental Guarantor Information (Tables) Tables http://www.pultegroupinc.com/role/SupplementalGuarantorInformation 32 false false R33.htm 2317301 - Disclosure - Quarterly Results (Unaudited) (Tables) Sheet http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedTables Quarterly Results (Unaudited) (Tables) Tables http://www.pultegroupinc.com/role/QuarterlyResultsUnaudited 33 false false R34.htm 2401403 - Disclosure - Summary of Significant Accounting Policies (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails Summary of Significant Accounting Policies (Narrative) (Details) Details http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables 34 false false R35.htm 2401404 - Disclosure - Summary of Significant Accounting Policies (Other Expense (Income), Net) (Details) Sheet http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails Summary of Significant Accounting Policies (Other Expense (Income), Net) (Details) Details http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables 35 false false R36.htm 2401405 - Disclosure - Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnings Per Share) (Details) Sheet http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnings Per Share) (Details) Details 36 false false R37.htm 2401406 - Disclosure - Summary of Significant Accounting Policies (Schedule Of The Company's Interests In Land Option Agreements) (Details) Sheet http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails Summary of Significant Accounting Policies (Schedule Of The Company's Interests In Land Option Agreements) (Details) Details http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables 37 false false R38.htm 2401407 - Disclosure - Summary of Significant Accounting Policies (Fair Value Of the Company's Derivative Instruments) (Details) Sheet http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails Summary of Significant Accounting Policies (Fair Value Of the Company's Derivative Instruments) (Details) Details http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables 38 false false R39.htm 2405402 - Disclosure - Inventory And Land Held For Sale (Major Components Of Inventory) (Details) Sheet http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleMajorComponentsOfInventoryDetails Inventory And Land Held For Sale (Major Components Of Inventory) (Details) Details http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables 39 false false R40.htm 2405403 - Disclosure - Inventory And Land Held For Sale (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) Sheet http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails Inventory And Land Held For Sale (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details) Details http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables 40 false false R41.htm 2405404 - Disclosure - Inventory And Land Held For Sale Inventory and Land Held for Sale (Land-related Charges) (Details) Sheet http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails Inventory And Land Held For Sale Inventory and Land Held for Sale (Land-related Charges) (Details) Details 41 false false R42.htm 2405405 - Disclosure - Inventory And Land Held For Sale (Land Held For Sale) (Details) Sheet http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleLandHeldForSaleDetails Inventory And Land Held For Sale (Land Held For Sale) (Details) Details http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables 42 false false R43.htm 2405406 - Disclosure - Inventory And Land Held For Sale (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails Inventory And Land Held For Sale (Narrative) (Details) Details http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables 43 false false R44.htm 2405407 - Disclosure - Inventory And Land Held For Sale (Quantitative Information for Fair Value of Impairment Charges) (Details) Sheet http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails Inventory And Land Held For Sale (Quantitative Information for Fair Value of Impairment Charges) (Details) Details http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables 44 false false R45.htm 2406402 - Disclosure - Segment Information Narrative (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails Segment Information Narrative (Details) Details 45 false false R46.htm 2406403 - Disclosure - Segment Information (Operating Data By Segment) (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails Segment Information (Operating Data By Segment) (Details) Details http://www.pultegroupinc.com/role/SegmentInformationTables 46 false false R47.htm 2406404 - Disclosure - Segment Information (Land-Related Charges By Segment) (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails Segment Information (Land-Related Charges By Segment) (Details) Details http://www.pultegroupinc.com/role/SegmentInformationTables 47 false false R48.htm 2406405 - Disclosure - Segment Information (Depreciation and Amortization) (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails Segment Information (Depreciation and Amortization) (Details) Details http://www.pultegroupinc.com/role/SegmentInformationTables 48 false false R49.htm 2406406 - Disclosure - Segment Information (Equity in (earnings) loss of unconsolidated entities) (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails Segment Information (Equity in (earnings) loss of unconsolidated entities) (Details) Details http://www.pultegroupinc.com/role/SegmentInformationTables 49 false false R50.htm 2406407 - Disclosure - Segment Information (Total Assets And Inventory By Reportable Segment) (Details) Sheet http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails Segment Information (Total Assets And Inventory By Reportable Segment) (Details) Details http://www.pultegroupinc.com/role/SegmentInformationTables 50 false false R51.htm 2407402 - Disclosure - Investments In Unconsolidated Entities (Summary Schedule Of Joint Ventures) (Details) Sheet http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails Investments In Unconsolidated Entities (Summary Schedule Of Joint Ventures) (Details) Details http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesTables 51 false false R52.htm 2407403 - Disclosure - Investments In Unconsolidated Entities (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails Investments In Unconsolidated Entities (Narrative) (Details) Details http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesTables 52 false false R53.htm 2408402 - Disclosure - Debt (Summary Of Company's Senior Notes) (Details) Notes http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails Debt (Summary Of Company's Senior Notes) (Details) Details http://www.pultegroupinc.com/role/DebtTables 53 false false R54.htm 2408403 - Disclosure - Debt (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/DebtNarrativeDetails Debt (Narrative) (Details) Details http://www.pultegroupinc.com/role/DebtTables 54 false false R55.htm 2408404 - Disclosure - Debt (Aggregate Borrowing Information) (Details) Sheet http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails Debt (Aggregate Borrowing Information) (Details) Details http://www.pultegroupinc.com/role/DebtTables 55 false false R56.htm 2409401 - Disclosure - Shareholders' Equity (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails Shareholders' Equity (Narrative) (Details) Details http://www.pultegroupinc.com/role/ShareholdersEquity 56 false false R57.htm 2410402 - Disclosure - Stock Compensation Plans Narrative (Details) Sheet http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails Stock Compensation Plans Narrative (Details) Details 57 false false R58.htm 2410403 - Disclosure - Stock Compensation Plans (Expense by plan type) (Details) Sheet http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails Stock Compensation Plans (Expense by plan type) (Details) Details http://www.pultegroupinc.com/role/StockCompensationPlansTables 58 false false R59.htm 2410404 - Disclosure - Stock Compensation Plans (Stock Option Activity Rollforward) (Details) Sheet http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails Stock Compensation Plans (Stock Option Activity Rollforward) (Details) Details http://www.pultegroupinc.com/role/StockCompensationPlansTables 59 false false R60.htm 2410405 - Disclosure - Stock Compensation Plans (Weighted-average remaining contractual lives of stock options outstanding) (Details) Sheet http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails Stock Compensation Plans (Weighted-average remaining contractual lives of stock options outstanding) (Details) Details http://www.pultegroupinc.com/role/StockCompensationPlansTables 60 false false R61.htm 2410406 - Disclosure - Stock Compensation Plans (Restricted Stock, RSUs and Performance Shares Activity Rollforward) (Details) Sheet http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails Stock Compensation Plans (Restricted Stock, RSUs and Performance Shares Activity Rollforward) (Details) Details http://www.pultegroupinc.com/role/StockCompensationPlansTables 61 false false R62.htm 2411402 - Disclosure - Income Taxes (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails Income Taxes (Narrative) (Details) Details http://www.pultegroupinc.com/role/IncomeTaxesTables 62 false false R63.htm 2411403 - Disclosure - Income Taxes Components of current and deferred income tax expense (benefit) (Details) Sheet http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails Income Taxes Components of current and deferred income tax expense (benefit) (Details) Details 63 false false R64.htm 2411404 - Disclosure - Income Taxes Reconciliation of statutory federal income tax rate to effective income tax rate (Details) Sheet http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails Income Taxes Reconciliation of statutory federal income tax rate to effective income tax rate (Details) Details 64 false false R65.htm 2411405 - Disclosure - Income Taxes Net deferred tax asset (liability) (Details) Sheet http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails Income Taxes Net deferred tax asset (liability) (Details) Details 65 false false R66.htm 2411406 - Disclosure - Income Taxes Reconciliation of the change in unrecognized tax benefits (Details) Sheet http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails Income Taxes Reconciliation of the change in unrecognized tax benefits (Details) Details 66 false false R67.htm 2412402 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Details) Sheet http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails Fair Value Disclosures Fair Value Disclosures (Details) Details 67 false false R68.htm 2412403 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Narrative) (Details) (Details) Sheet http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresNarrativeDetailsDetails Fair Value Disclosures Fair Value Disclosures (Narrative) (Details) (Details) Details 68 false false R69.htm 2413402 - Disclosure - Other Assets and Accrued and Other Liabilities (Other Assets) (Details) Sheet http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails Other Assets and Accrued and Other Liabilities (Other Assets) (Details) Details http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesTables 69 false false R70.htm 2413403 - Disclosure - Other Assets and Accrued and Other Liabilities (Other Liabilities) (Details) Sheet http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails Other Assets and Accrued and Other Liabilities (Other Liabilities) (Details) Details http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesTables 70 false false R71.htm 2415402 - Disclosure - Commitments And Contingencies (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails Commitments And Contingencies (Narrative) (Details) Details http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables 71 false false R72.htm 2415403 - Disclosure - Commitments and Contingencies Commitments And Contingencies (Future minimum operating lease payments) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails Commitments and Contingencies Commitments And Contingencies (Future minimum operating lease payments) (Details) Details 72 false false R73.htm 2415404 - Disclosure - Commitments And Contingencies (Changes To Anticipated Loan Losses) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails Commitments And Contingencies (Changes To Anticipated Loan Losses) (Details) Details http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables 73 false false R74.htm 2415405 - Disclosure - Commitments And Contingencies (Changes To Warranty Liability) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails Commitments And Contingencies (Changes To Warranty Liability) (Details) Details http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables 74 false false R75.htm 2415406 - Disclosure - Commitments And Contingencies (Changes in Self-insurance Liability) (Details) Sheet http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails Commitments And Contingencies (Changes in Self-insurance Liability) (Details) Details http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables 75 false false R76.htm 2416402 - Disclosure - Supplemental Guarantor Information (Balance Sheet) (Details) Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails Supplemental Guarantor Information (Balance Sheet) (Details) Details http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables 76 false false R77.htm 2416403 - Disclosure - Supplemental Guarantor Information (Statement Of Operations and Comprehensive Income (Loss)) (Details) Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails Supplemental Guarantor Information (Statement Of Operations and Comprehensive Income (Loss)) (Details) Details http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables 77 false false R78.htm 2416404 - Disclosure - Supplemental Guarantor Information (Statement Of Cash Flows) (Details) Sheet http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails Supplemental Guarantor Information (Statement Of Cash Flows) (Details) Details http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables 78 false false R79.htm 2417402 - Disclosure - Quarterly Results (Unaudited) (Narrative) (Details) Sheet http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails Quarterly Results (Unaudited) (Narrative) (Details) Details http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedTables 79 false false R80.htm 2417403 - Disclosure - Quarterly Results (Unaudited) (Details) Sheet http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails Quarterly Results (Unaudited) (Details) Details http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedTables 80 false false All Reports Book All Reports a201810-k.htm exhibit21-subsidiaryli.htm exhibit23-consent123118.htm exhibit24-powerofattor.htm exhibit31aceocertifica.htm exhibit31bcfocertifica.htm exhibit32-certificatio.htm phm-20181231.xsd phm-20181231_cal.xml phm-20181231_def.xml phm-20181231_lab.xml phm-20181231_pre.xml http://xbrl.sec.gov/stpr/2018-01-31 http://fasb.org/us-gaap/2018-01-31 http://xbrl.sec.gov/invest/2013-01-31 http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/srt/2018-01-31 true true JSON 101 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "a201810-k.htm": { "axisCustom": 1, "axisStandard": 37, "contextCount": 381, "dts": { "calculationLink": { "local": [ "phm-20181231_cal.xml" ] }, "definitionLink": { "local": [ "phm-20181231_def.xml" ], "remote": [ "http://xbrl.fasb.org/srt/2018/elts/srt-eedm1-def-2018-01-31.xml", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-eedm-def-2018-01-31.xml" ] }, "inline": { "local": [ "a201810-k.htm" ] }, "labelLink": { "local": [ "phm-20181231_lab.xml" ], "remote": [ "http://xbrl.fasb.org/srt/2018/elts/srt-doc-2018-01-31.xml", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-doc-2018-01-31.xml", "http://xbrl.sec.gov/invest/2013/invest-doc-2013-01-31.xml", "https://xbrl.sec.gov/dei/2018/dei-doc-2018-01-31.xml" ] }, "presentationLink": { "local": [ "phm-20181231_pre.xml" ] }, "referenceLink": { "remote": [ "http://xbrl.fasb.org/srt/2018/elts/srt-ref-2018-01-31.xml", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-ref-2018-01-31.xml", "http://xbrl.sec.gov/invest/2013/invest-ref-2013-01-31.xml", "https://xbrl.sec.gov/dei/2018/dei-ref-2018-01-31.xml" ] }, "schema": { "local": [ "phm-20181231.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-roles-2018-01-31.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-types-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-parts-codification-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-roles-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-types-2018-01-31.xsd", "http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd", "http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd", "https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd", "https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd" ] } }, "elementCount": 677, "entityCount": 1, "hidden": { "http://fasb.org/us-gaap/2018-01-31": 40, "http://www.pultegroupinc.com/20181231": 18, "http://xbrl.sec.gov/dei/2018-01-31": 17, "total": 75 }, "keyCustom": 57, "keyStandard": 362, "memberCustom": 51, "memberStandard": 38, "nsprefix": "phm", "nsuri": "http://www.pultegroupinc.com/20181231", "report": { "R1": { "firstAnchor": null, "groupType": "document", "isDefault": "true", "longName": "0001000 - Document - Document and Entity Information Document", "role": "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument", "shortName": "Document and Entity Information Document", "subGroupType": "", "uniqueAnchor": null }, "R10": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SegmentReportingDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2106100 - Disclosure - Segment Information", "role": "http://www.pultegroupinc.com/role/SegmentInformation", "shortName": "Segment Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SegmentReportingDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R11": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EquityMethodInvestmentsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2107100 - Disclosure - Investments In Unconsolidated Entities", "role": "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntities", "shortName": "Investments In Unconsolidated Entities", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EquityMethodInvestmentsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R12": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DebtDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2108100 - Disclosure - Debt", "role": "http://www.pultegroupinc.com/role/Debt", "shortName": "Debt", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DebtDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R13": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2109100 - Disclosure - Shareholders' Equity", "role": "http://www.pultegroupinc.com/role/ShareholdersEquity", "shortName": "Shareholders' Equity", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R14": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2110100 - Disclosure - Stock Compensation Plans", "role": "http://www.pultegroupinc.com/role/StockCompensationPlans", "shortName": "Stock Compensation Plans", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R15": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2111100 - Disclosure - Income Taxes", "role": "http://www.pultegroupinc.com/role/IncomeTaxes", "shortName": "Income Taxes", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R16": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2112100 - Disclosure - Fair Value Disclosures", "role": "http://www.pultegroupinc.com/role/FairValueDisclosures", "shortName": "Fair Value Disclosures", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R17": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:OtherAssetsAndOtherLiabilitiesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2113100 - Disclosure - Other Assets and Accrued and Other Liabilities", "role": "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilities", "shortName": "Other Assets and Accrued and Other Liabilities", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:OtherAssetsAndOtherLiabilitiesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R18": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2115100 - Disclosure - Commitments And Contingencies", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingencies", "shortName": "Commitments And Contingencies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R19": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2116100 - Disclosure - Supplemental Guarantor Information", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformation", "shortName": "Supplemental Guarantor Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R2": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1001000 - Statement - Consolidated Balance Sheets", "role": "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "shortName": "Consolidated Balance Sheets", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:AccountsPayableCurrentAndNoncurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R20": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:QuarterlyFinancialInformationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2117100 - Disclosure - Quarterly Results (Unaudited)", "role": "http://www.pultegroupinc.com/role/QuarterlyResultsUnaudited", "shortName": "Quarterly Results (Unaudited)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:QuarterlyFinancialInformationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R21": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ConsolidationPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2201201 - Disclosure - Summary of Significant Accounting Policies (Policy)", "role": "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy", "shortName": "Summary of Significant Accounting Policies (Policy)", "subGroupType": "policies", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ConsolidationPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R22": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2301302 - Disclosure - Summary of Significant Accounting Policies (Tables)", "role": "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables", "shortName": "Summary of Significant Accounting Policies (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R23": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:ComponentsOfInventoryTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2305301 - Disclosure - Inventory And Land Held For Sale (Tables)", "role": "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables", "shortName": "Inventory And Land Held For Sale (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:ComponentsOfInventoryTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R24": { "firstAnchor": { "ancestors": [ "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2306301 - Disclosure - Segment Information (Tables)", "role": "http://www.pultegroupinc.com/role/SegmentInformationTables", "shortName": "Segment Information (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R25": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EquityMethodInvestmentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2307301 - Disclosure - Investments In Unconsolidated Entities (Tables)", "role": "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesTables", "shortName": "Investments In Unconsolidated Entities (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EquityMethodInvestmentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R26": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2308301 - Disclosure - Debt (Tables)", "role": "http://www.pultegroupinc.com/role/DebtTables", "shortName": "Debt (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R27": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2310301 - Disclosure - Stock Compensation Plans (Tables)", "role": "http://www.pultegroupinc.com/role/StockCompensationPlansTables", "shortName": "Stock Compensation Plans (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R28": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2311301 - Disclosure - Income Taxes (Tables)", "role": "http://www.pultegroupinc.com/role/IncomeTaxesTables", "shortName": "Income Taxes (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R29": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2312301 - Disclosure - Fair Value Disclosures (Tables)", "role": "http://www.pultegroupinc.com/role/FairValueDisclosuresTables", "shortName": "Fair Value Disclosures (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R3": { "firstAnchor": null, "groupType": "statement", "isDefault": "false", "longName": "1001501 - Statement - Consolidated Balance Sheets (Parenthetical)", "role": "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical", "shortName": "Consolidated Balance Sheets (Parenthetical)", "subGroupType": "parenthetical", "uniqueAnchor": null }, "R30": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfOtherAssetsTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2313301 - Disclosure - Other Assets and Accrued and Other Liabilities (Tables)", "role": "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesTables", "shortName": "Other Assets and Accrued and Other Liabilities (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfOtherAssetsTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R31": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2315301 - Disclosure - Commitments And Contingencies (Tables)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables", "shortName": "Commitments And Contingencies (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R32": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "srt:ScheduleOfCondensedBalanceSheetTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2316301 - Disclosure - Supplemental Guarantor Information (Tables)", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables", "shortName": "Supplemental Guarantor Information (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "srt:ScheduleOfCondensedBalanceSheetTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R33": { "firstAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2317301 - Disclosure - Quarterly Results (Unaudited) (Tables)", "role": "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedTables", "shortName": "Quarterly Results (Unaudited) (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R34": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FiniteLivedIntangibleAssetUsefulLife", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401403 - Disclosure - Summary of Significant Accounting Policies (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "shortName": "Summary of Significant Accounting Policies (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FiniteLivedIntangibleAssetUsefulLife", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R35": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "ix:continuation", "div", "td", "tr", "table", "body", "html" ], "contextRef": "FD2017Q2QTD", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:ImpairmentLossesRelatedToRealEstatePartnerships", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401404 - Disclosure - Summary of Significant Accounting Policies (Other Expense (Income), Net) (Details)", "role": "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails", "shortName": "Summary of Significant Accounting Policies (Other Expense (Income), Net) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:InterestExpense", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R36": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401405 - Disclosure - Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnings Per Share) (Details)", "role": "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails", "shortName": "Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnings Per Share) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R37": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:PurchaseOptionsLand", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401406 - Disclosure - Summary of Significant Accounting Policies (Schedule Of The Company's Interests In Land Option Agreements) (Details)", "role": "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails", "shortName": "Summary of Significant Accounting Policies (Schedule Of The Company's Interests In Land Option Agreements) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "phm:RemainingPurchasePriceOfAllLandOptionAgreements", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R38": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DerivativeInstrumentsInHedgesAssetsAtFairValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2401407 - Disclosure - Summary of Significant Accounting Policies (Fair Value Of the Company's Derivative Instruments) (Details)", "role": "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails", "shortName": "Summary of Significant Accounting Policies (Fair Value Of the Company's Derivative Instruments) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DerivativeInstrumentsInHedgesAssetsAtFairValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R39": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:InventoryHomesUnderConstruction", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405402 - Disclosure - Inventory And Land Held For Sale (Major Components Of Inventory) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleMajorComponentsOfInventoryDetails", "shortName": "Inventory And Land Held For Sale (Major Components Of Inventory) (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R4": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1002000 - Statement - Consolidated Statements Of Operations", "role": "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "shortName": "Consolidated Statements Of Operations", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "INF", "lang": null, "name": "us-gaap:CommonStockDividendsPerShareDeclared", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" } }, "R40": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RealEstateInventoryCapitalizedInterestCosts", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405403 - Disclosure - Inventory And Land Held For Sale (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails", "shortName": "Inventory And Land Held For Sale (Information Related To Interest Capitalized Into Homebuilding Inventory) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2015Q4", "decimals": "-3", "lang": null, "name": "us-gaap:RealEstateInventoryCapitalizedInterestCosts", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R41": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ImpairmentOfRealEstate", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405404 - Disclosure - Inventory And Land Held For Sale Inventory and Land Held for Sale (Land-related Charges) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "shortName": "Inventory And Land Held For Sale Inventory and Land Held for Sale (Land-related Charges) (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R42": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "phm:LandHeldForSaleGross", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405405 - Disclosure - Inventory And Land Held For Sale (Land Held For Sale) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleLandHeldForSaleDetails", "shortName": "Inventory And Land Held For Sale (Land Held For Sale) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "phm:LandHeldForSaleGross", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R43": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q2", "decimals": "INF", "first": true, "lang": null, "name": "phm:NumberOfCommunities", "reportCount": 1, "unitRef": "inactive_community", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405406 - Disclosure - Inventory And Land Held For Sale (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "shortName": "Inventory And Land Held For Sale (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q2", "decimals": "INF", "lang": null, "name": "phm:InventoryNumberOfResidentialLots", "reportCount": 1, "unique": true, "unitRef": "inacitve_lot", "xsiNil": "false" } }, "R44": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q2", "decimals": "INF", "first": true, "lang": null, "name": "phm:NumberOfCommunities", "reportCount": 1, "unitRef": "inactive_community", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2405407 - Disclosure - Inventory And Land Held For Sale (Quantitative Information for Fair Value of Impairment Charges) (Details)", "role": "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails", "shortName": "Inventory And Land Held For Sale (Quantitative Information for Fair Value of Impairment Charges) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4_us-gaap_PublicUtilitiesInventoryAxis_phm_ImpairedInventoryMember", "decimals": "INF", "lang": null, "name": "phm:NumberOfCommunities", "reportCount": 1, "unique": true, "unitRef": "impaired_community", "xsiNil": "false" } }, "R45": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406402 - Disclosure - Segment Information Narrative (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails", "shortName": "Segment Information Narrative (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "INF", "lang": null, "name": "us-gaap:NumberOfReportableSegments", "reportCount": 1, "unique": true, "unitRef": "segment", "xsiNil": "false" } }, "R46": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406403 - Disclosure - Segment Information (Operating Data By Segment) (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "shortName": "Segment Information (Operating Data By Segment) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD_us-gaap_StatementBusinessSegmentsAxis_phm_NortheastMember", "decimals": "-3", "lang": null, "name": "us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R47": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProductionRelatedImpairmentsOrCharges", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406404 - Disclosure - Segment Information (Land-Related Charges By Segment) (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "shortName": "Segment Information (Land-Related Charges By Segment) (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R48": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DepreciationAndAmortization", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406405 - Disclosure - Segment Information (Depreciation and Amortization) (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "shortName": "Segment Information (Depreciation and Amortization) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "phm:DepreciationAndAmortizationExpenseBySegmentTableTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD_us-gaap_StatementBusinessSegmentsAxis_phm_NortheastMember", "decimals": "-3", "lang": null, "name": "us-gaap:DepreciationAndAmortization", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R49": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:IncomeLossFromEquityMethodInvestments", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406406 - Disclosure - Segment Information (Equity in (earnings) loss of unconsolidated entities) (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "shortName": "Segment Information (Equity in (earnings) loss of unconsolidated entities) (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R5": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1003000 - Statement - Consolidated Statements of Comprehensive Income", "role": "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome", "shortName": "Consolidated Statements of Comprehensive Income", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R50": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:InventoryHomesUnderConstruction", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406407 - Disclosure - Segment Information (Total Assets And Inventory By Reportable Segment) (Details)", "role": "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "shortName": "Segment Information (Total Assets And Inventory By Reportable Segment) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4_us-gaap_StatementBusinessSegmentsAxis_phm_NortheastMember", "decimals": "-3", "lang": null, "name": "us-gaap:InventoryHomesUnderConstruction", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R51": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "phm:InvestmentinJointVentureswithLimitedrecoursedebttoCompany", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2407402 - Disclosure - Investments In Unconsolidated Entities (Summary Schedule Of Joint Ventures) (Details)", "role": "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails", "shortName": "Investments In Unconsolidated Entities (Summary Schedule Of Joint Ventures) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "phm:InvestmentinJointVentureswithLimitedrecoursedebttoCompany", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R52": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:IncomeLossFromEquityMethodInvestments", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2407403 - Disclosure - Investments In Unconsolidated Entities (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails", "shortName": "Investments In Unconsolidated Entities (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-5", "lang": null, "name": "phm:TotalDividendsAndDistributionOfEarningsFromUnconsolidatedEntities", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R53": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:SeniorNotes", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408402 - Disclosure - Debt (Summary Of Company's Senior Notes) (Details)", "role": "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails", "shortName": "Debt (Summary Of Company's Senior Notes) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:DeferredFinanceCostsNet", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R54": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:SeniorNotes", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408403 - Disclosure - Debt (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "shortName": "Debt (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-5", "lang": null, "name": "us-gaap:RepaymentsOfDebt", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R55": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408404 - Disclosure - Debt (Aggregate Borrowing Information) (Details)", "role": "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails", "shortName": "Debt (Aggregate Borrowing Information) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "contextRef": "FI2018Q4_us-gaap_StatementBusinessSegmentsAxis_phm_FinancialServicesMember", "decimals": "4", "lang": null, "name": "us-gaap:ShortTermDebtWeightedAverageInterestRate", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" } }, "R56": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Dividends", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2409401 - Disclosure - Shareholders' Equity (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails", "shortName": "Shareholders' Equity (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD_us-gaap_ShareRepurchaseProgramAxis_phm_SharerepurchaseplanMember", "decimals": "-5", "lang": null, "name": "us-gaap:StockRepurchasedDuringPeriodShares", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R57": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:MaximumPeriodStockOptionsAppreciationRightsRestrictedStockAndRestrictedStockUnitsCanBeGranted", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2410402 - Disclosure - Stock Compensation Plans Narrative (Details)", "role": "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "shortName": "Stock Compensation Plans Narrative (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "phm:MaximumPeriodStockOptionsAppreciationRightsRestrictedStockAndRestrictedStockUnitsCanBeGranted", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R58": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensation", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2410403 - Disclosure - Stock Compensation Plans (Expense by plan type) (Details)", "role": "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails", "shortName": "Stock Compensation Plans (Expense by plan type) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember", "decimals": "-3", "lang": null, "name": "us-gaap:ShareBasedCompensation", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R59": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q4_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber", "reportCount": 1, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2410404 - Disclosure - Stock Compensation Plans (Stock Option Activity Rollforward) (Details)", "role": "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails", "shortName": "Stock Compensation Plans (Stock Option Activity Rollforward) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2015Q4_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember", "decimals": "-3", "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R6": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2015Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CommonStockSharesOutstanding", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1004000 - Statement - Consolidated Statements Of Shareholders' Equity", "role": "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "shortName": "Consolidated Statements Of Shareholders' Equity", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FI2015Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CommonStockSharesOutstanding", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R60": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2410405 - Disclosure - Stock Compensation Plans (Weighted-average remaining contractual lives of stock options outstanding) (Details)", "role": "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails", "shortName": "Stock Compensation Plans (Weighted-average remaining contractual lives of stock options outstanding) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R61": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q4_us-gaap_AwardTypeAxis_phm_RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "reportCount": 1, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2410406 - Disclosure - Stock Compensation Plans (Restricted Stock, RSUs and Performance Shares Activity Rollforward) (Details)", "role": "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails", "shortName": "Stock Compensation Plans (Restricted Stock, RSUs and Performance Shares Activity Rollforward) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2015Q4_us-gaap_AwardTypeAxis_phm_RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember", "decimals": "-3", "lang": null, "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R62": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2017Q4YTD", "decimals": "-5", "first": true, "lang": null, "name": "phm:TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2411402 - Disclosure - Income Taxes (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "shortName": "Income Taxes (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2017Q4YTD", "decimals": "-5", "first": true, "lang": null, "name": "phm:TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R63": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CurrentFederalTaxExpenseBenefit", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2411403 - Disclosure - Income Taxes Components of current and deferred income tax expense (benefit) (Details)", "role": "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails", "shortName": "Income Taxes Components of current and deferred income tax expense (benefit) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CurrentFederalTaxExpenseBenefit", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R64": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2411404 - Disclosure - Income Taxes Reconciliation of statutory federal income tax rate to effective income tax rate (Details)", "role": "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails", "shortName": "Income Taxes Reconciliation of statutory federal income tax rate to effective income tax rate (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "reportCount": 1, "unique": true, "unitRef": "number", "xsiNil": "false" } }, "R65": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DeferredTaxAssetsTaxDeferredExpenseOther", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2411405 - Disclosure - Income Taxes Net deferred tax asset (liability) (Details)", "role": "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails", "shortName": "Income Taxes Net deferred tax asset (liability) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DeferredTaxAssetsTaxDeferredExpenseOther", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R66": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:UnrecognizedTaxBenefits", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2411406 - Disclosure - Income Taxes Reconciliation of the change in unrecognized tax benefits (Details)", "role": "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails", "shortName": "Income Taxes Reconciliation of the change in unrecognized tax benefits (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R67": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OtherNotesPayable", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412402 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Details)", "role": "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails", "shortName": "Fair Value Disclosures Fair Value Disclosures (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:DebtInstrumentFairValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R68": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NotesPayable", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412403 - Disclosure - Fair Value Disclosures Fair Value Disclosures (Narrative) (Details) (Details)", "role": "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresNarrativeDetailsDetails", "shortName": "Fair Value Disclosures Fair Value Disclosures (Narrative) (Details) (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R69": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:InsuranceSettlementsReceivable", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2413402 - Disclosure - Other Assets and Accrued and Other Liabilities (Other Assets) (Details)", "role": "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails", "shortName": "Other Assets and Accrued and Other Liabilities (Other Assets) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:NotesReceivableNet", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R7": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetIncomeLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1005000 - Statement - Consolidated Statements Of Cash Flows", "role": "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "shortName": "Consolidated Statements Of Cash Flows", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:IncreaseDecreaseInDeferredIncomeTaxes", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R70": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:SelfInsuranceReserve", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2413403 - Disclosure - Other Assets and Accrued and Other Liabilities (Other Liabilities) (Details)", "role": "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails", "shortName": "Other Assets and Accrued and Other Liabilities (Other Liabilities) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:EmployeeRelatedLiabilitiesCurrentAndNoncurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R71": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:InsuranceSettlementsReceivable", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415402 - Disclosure - Commitments And Contingencies (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "shortName": "Commitments And Contingencies (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-5", "lang": null, "name": "us-gaap:LeaseAndRentalExpense", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R72": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415403 - Disclosure - Commitments and Contingencies Commitments And Contingencies (Future minimum operating lease payments) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails", "shortName": "Commitments and Contingencies Commitments And Contingencies (Future minimum operating lease payments) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R73": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:LossContingencyAccrualAtCarryingValue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415404 - Disclosure - Commitments And Contingencies (Changes To Anticipated Loan Losses) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails", "shortName": "Commitments And Contingencies (Changes To Anticipated Loan Losses) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:LossContingencyAccrualPayments", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R74": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "contextRef": "FI2017Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StandardProductWarrantyAccrual", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415405 - Disclosure - Commitments And Contingencies (Changes To Warranty Liability) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "shortName": "Commitments And Contingencies (Changes To Warranty Liability) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:StandardProductWarrantyAccrualWarrantiesIssued", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R75": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "ix:continuation", "div", "td", "tr", "table", "body", "html" ], "contextRef": "FD2017Q4QTD", "decimals": "-5", "first": true, "lang": null, "name": "phm:Writeoffofinsurancereceivables", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415406 - Disclosure - Commitments And Contingencies (Changes in Self-insurance Liability) (Details)", "role": "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails", "shortName": "Commitments And Contingencies (Changes in Self-insurance Liability) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-5", "lang": null, "name": "phm:LitigationofRecordedInsuranceReceivable", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R76": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416402 - Disclosure - Supplemental Guarantor Information (Balance Sheet) (Details)", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "shortName": "Supplemental Guarantor Information (Balance Sheet) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R77": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416403 - Disclosure - Supplemental Guarantor Information (Statement Of Operations and Comprehensive Income (Loss)) (Details)", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails", "shortName": "Supplemental Guarantor Information (Statement Of Operations and Comprehensive Income (Loss)) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "phm:IntercompanyInterest", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R78": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:NetCashProvidedByUsedInOperatingActivities", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416404 - Disclosure - Supplemental Guarantor Information (Statement Of Cash Flows) (Details)", "role": "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "shortName": "Supplemental Guarantor Information (Statement Of Cash Flows) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:ProceedsFromContributionsFromParent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R79": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "body", "html" ], "contextRef": "FI2017Q4", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:InventoryAdjustments", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417402 - Disclosure - Quarterly Results (Unaudited) (Narrative) (Details)", "role": "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "shortName": "Quarterly Results (Unaudited) (Narrative) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4QTD_us-gaap_NatureOfExpenseAxis_phm_LandInventoryImpairmentsMember", "decimals": "-5", "lang": null, "name": "us-gaap:CostOfGoodsAndServicesSold", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R8": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2101100 - Disclosure - Summary of Significant Accounting Policies", "role": "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPolicies", "shortName": "Summary of Significant Accounting Policies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R80": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "us-gaap:ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "div", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417403 - Disclosure - Quarterly Results (Unaudited) (Details)", "role": "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "shortName": "Quarterly Results (Unaudited) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "ix:continuation", "body", "html" ], "contextRef": "FD2018Q4QTD", "decimals": "-3", "lang": null, "name": "phm:IncomeLossBeforeIncomeTaxesFinancialServices", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R9": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InventoryDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2105100 - Disclosure - Inventory And Land Held For Sale", "role": "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSale", "shortName": "Inventory And Land Held For Sale", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "contextRef": "FD2018Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InventoryDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 95, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "If the value is true, then the document is an amendment to previously-filed/accepted document.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date", "terseLabel": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.", "label": "Document Fiscal Period Focus", "terseLabel": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus", "terseLabel": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r471" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding", "terseLabel": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status", "terseLabel": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains.", "label": "Entity [Domain]", "terseLabel": "Entity [Domain]" } } }, "localname": "EntityDomain", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "domainItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r471" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r471" ], "lang": { "en-US": { "role": { "documentation": "Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category", "terseLabel": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.", "label": "Entity Public Float", "terseLabel": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r471" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r471" ], "lang": { "en-US": { "role": { "documentation": "Indicate if company meets the shell company criteria: a company with no or nominal operations, and with no or nominal assets or assets consisting solely of cash and cash equivalents.", "label": "Entity Shell Company", "terseLabel": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r471" ], "lang": { "en-US": { "role": { "documentation": "Indicates that the company is a smaller reporting company with both a public float and revenues of less than $75 million.", "label": "Entity Small Business", "terseLabel": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers", "terseLabel": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer", "terseLabel": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_LegalEntityAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The set of legal entities associated with a report.", "label": "Legal Entity [Axis]", "terseLabel": "Legal Entity [Axis]" } } }, "localname": "LegalEntityAxis", "nsuri": "http://xbrl.sec.gov/dei/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "stringItemType" }, "invest_DerivativeNotionalAmount": { "auth_ref": [ "r472" ], "lang": { "en-US": { "role": { "documentation": "Aggregate notional amount specified by the derivative(s). Expressed as an absolute value.", "label": "Derivative, Notional Amount", "terseLabel": "Derivative, notional amount" } } }, "localname": "DerivativeNotionalAmount", "nsuri": "http://xbrl.sec.gov/invest/2013-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_A4.250unsecuredseniornotesdueMarch2021Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "4.250% unsecured senior notes due March 2021", "label": "4.250% unsecured senior notes due March 2021 [Member]", "terseLabel": "4.250% unsecured senior notes due March 2021 [Member]" } } }, "localname": "A4.250unsecuredseniornotesdueMarch2021Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_A5.500unsecuredseniornotesdueMarch2026Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "5.500% unsecured senior notes due March 2026 [Member]", "label": "5.500% unsecured senior notes due March 2026 [Member]", "terseLabel": "5.500% unsecured senior notes due March 2026 [Member]" } } }, "localname": "A5.500unsecuredseniornotesdueMarch2026Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_AdditionsToSelfInsuranceReserves": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Additions to self insurance reserves during the period", "label": "Additions to self insurance reserves", "terseLabel": "Reserves provided" } } }, "localname": "AdditionsToSelfInsuranceReserves", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "phm_AdjustmentToSelfInsuranceReserves": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Adjustment to self insurance reserves", "label": "Adjustment to self insurance reserves", "terseLabel": "Adjustment to self insurance reserves" } } }, "localname": "AdjustmentToSelfInsuranceReserves", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "phm_AllOtherCommunitiesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "All Other Communities [Member]", "label": "All Other Communities [Member]", "terseLabel": "All Other Communities" } } }, "localname": "AllOtherCommunitiesMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_AssetImpairmentChargesEntitlementPeriod": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Asset Impairment Charges, Entitlement Period", "label": "Asset Impairment Charges, Entitlement Period", "terseLabel": "Entitlement period sought" } } }, "localname": "AssetImpairmentChargesEntitlementPeriod", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails" ], "xbrltype": "durationItemType" }, "phm_AttachedHomesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Attached homes [Member]", "label": "Attached homes [Member]" } } }, "localname": "AttachedHomesMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_CTXMortgageCompanyLLCMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "CTX Mortgage Company LLC [Member]", "label": "CTX Mortgage Company LLC [Member]", "terseLabel": "CTX Mortgage Company LLC [Member]" } } }, "localname": "CTXMortgageCompanyLLCMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_ChangesinSelfinsuranceLiabilityRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Changes in Self-insurance Liability [Roll Forward]", "label": "Changes in Self-insurance Liability [Roll Forward]", "terseLabel": "Insurance Related Expenses [Roll Forward]" } } }, "localname": "ChangesinSelfinsuranceLiabilityRollForward", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails" ], "xbrltype": "stringItemType" }, "phm_CompanysProportionateShareOfJointVentureDebtAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Company's proportionate share of joint venture debt: [Abstract]", "label": "Company's proportionate share of joint venture debt: [Abstract]", "terseLabel": "Company proportionate share of joint venture debt:" } } }, "localname": "CompanysProportionateShareOfJointVentureDebtAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails" ], "xbrltype": "stringItemType" }, "phm_ComponentsOfInventoryTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Components of homebuilder inventory", "label": "Components of inventory [Table Text Block]", "terseLabel": "Components of Inventory" } } }, "localname": "ComponentsOfInventoryTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables" ], "xbrltype": "textBlockItemType" }, "phm_ConsolidatedandUnconsolidatedVIEsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Consolidated and Unconsolidated VIEs [Member]", "label": "Consolidated and Unconsolidated VIEs [Member]", "terseLabel": "Consolidated and Unconsolidated VIEs [Member]" } } }, "localname": "ConsolidatedandUnconsolidatedVIEsMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "domainItemType" }, "phm_DaysPastContractualTermOnceLoansNoLongerAccrueInterestIncome": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Days past contractual term once loans no longer accrue interest income", "label": "Days past contractual term once loans no longer accrue interest income", "terseLabel": "Days past contractual term once loans no longer accrue interest income" } } }, "localname": "DaysPastContractualTermOnceLoansNoLongerAccrueInterestIncome", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "durationItemType" }, "phm_DebtCovenantAdditionalIssuanceofLettersofCreditMaximum": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Debt Covenant, Additional Issuance of Letters of Credit Maximum", "label": "Debt Covenant, Additional Issuance of Letters of Credit Maximum", "terseLabel": "Short-term debt covenant description" } } }, "localname": "DebtCovenantAdditionalIssuanceofLettersofCreditMaximum", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_DeferredTaxLiabilitydeferralofprofitonhomesales": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredIncomeTaxLiabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Deferred Tax Liability, deferral of profit on home sales", "label": "Deferred Tax Liability, deferral of profit on home sales", "negatedTerseLabel": "Deferred Tax Liability, deferral of profit on home sales" } } }, "localname": "DeferredTaxLiabilitydeferralofprofitonhomesales", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "phm_DepreciationAndAmortizationExpenseBySegmentTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Depreciation and Amortization expense by segment [Table Text Block]", "label": "Depreciation and Amortization expense by segment [Table Text Block]", "terseLabel": "Depreciation and Amortization Expense by Reporting Segment" } } }, "localname": "DepreciationAndAmortizationExpenseBySegmentTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationTables" ], "xbrltype": "textBlockItemType" }, "phm_DetachedSingleFamilyHomesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Detached single-family homes [Member]", "label": "Detached single-family homes [Member]" } } }, "localname": "DetachedSingleFamilyHomesMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_DocumentAndEntityInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Document And Entity Information [Abstract]", "label": "Document And Entity Information [Abstract]" } } }, "localname": "DocumentAndEntityInformationAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "xbrltype": "stringItemType" }, "phm_EffectiveIncomeTaxRateReconciliationTaxAccountingMethodChangePercent": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails": { "order": 7.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": -1.0 } }, "lang": { "en-US": { "role": { "documentation": "Effective Income Tax Rate Reconciliation, Tax Accounting Method Change, Percent", "label": "Effective Income Tax Rate Reconciliation, Tax Accounting Method Change, Percent", "negatedTerseLabel": "Tax accounting method change" } } }, "localname": "EffectiveIncomeTaxRateReconciliationTaxAccountingMethodChangePercent", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "phm_EquityInEarningsLossOfUnconsolidatedEntitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Equity in (earnings) loss of unconsolidated entities:", "label": "Equity in (earnings) loss of unconsolidated entities: [Abstract]", "verboseLabel": "Equity in (earnings) loss of unconsolidated entities:" } } }, "localname": "EquityInEarningsLossOfUnconsolidatedEntitiesAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails" ], "xbrltype": "stringItemType" }, "phm_EquityInIncomeLossOfSubsidiaries": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Equity in income (loss) of subsidiaries", "label": "Equity In Income Loss Of Subsidiaries", "terseLabel": "Equity in income (loss) of subsidiaries" } } }, "localname": "EquityInIncomeLossOfSubsidiaries", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "phm_EquityMethodInvestmentsEarningsByReportingSegmentTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Equity Method Investments Earnings by Reporting Segment [Table Text Block]", "label": "Equity Method Investments Earnings by Reporting Segment [Table Text Block]", "terseLabel": "Equity in (Earnings) Loss of Unconsolidated Entities by Reporting Segment" } } }, "localname": "EquityMethodInvestmentsEarningsByReportingSegmentTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationTables" ], "xbrltype": "textBlockItemType" }, "phm_FairValueAssetsAndLiabilitiesMeasuredOnNonRecurringBasisAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fair Value, Assets and Liabilities Measured on Non-Recurring Basis [Abstract]", "label": "Fair Value, Assets and Liabilities Measured on Non-Recurring Basis [Abstract]", "terseLabel": "Measured at fair value on a non-recurring basis:" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnNonRecurringBasisAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "phm_FairValueDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fair Value Disclosure [Abstract]", "label": "Fair Value Disclosure [Abstract]", "terseLabel": "Disclosed at fair value:" } } }, "localname": "FairValueDisclosureAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "phm_FairValueMeasurementsAverageSalesPrice": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair Value Measurements, Average Sales Price", "label": "Fair Value Measurements, Average Sales Price", "terseLabel": "Average selling price" } } }, "localname": "FairValueMeasurementsAverageSalesPrice", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "monetaryItemType" }, "phm_FieldLongTermCompensationPlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Field long-term compensation plan. Awards earned in form of share units and paid out in cash at end of performance period based on number of share units earned times company stock price at end of period.", "label": "Field long-term compensation plan [Member]", "terseLabel": "Field long-term compensation plan [Member]" } } }, "localname": "FieldLongTermCompensationPlanMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_FinancialServicesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Financial Services: [Abstract]", "label": "Financial Services: [Abstract]", "terseLabel": "Financial Services:" } } }, "localname": "FinancialServicesAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails" ], "xbrltype": "stringItemType" }, "phm_FinancialServicesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Financial Services [Member]", "label": "Financial Services Member", "terseLabel": "Financial Services [Member]" } } }, "localname": "FinancialServicesMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_FloridaMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Florida geographic segment [Member]", "label": "Florida [Member]", "terseLabel": "Florida [Member]" } } }, "localname": "FloridaMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_HomeOfficeRelocationMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Home Office Relocation [Member]", "label": "Home Office Relocation [Member]", "terseLabel": "Home Office Relocation [Member]" } } }, "localname": "HomeOfficeRelocationMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "domainItemType" }, "phm_HomebuilderCapitalizedInterestRollforwardTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Homebuilder capitalized interest rollforward [Table Text Block]", "label": "Homebuilder capitalized interest rollforward [Table Text Block]", "terseLabel": "Capitalized Interest Rollforward" } } }, "localname": "HomebuilderCapitalizedInterestRollforwardTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables" ], "xbrltype": "textBlockItemType" }, "phm_HomebuildingAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Homebuilding: [Abstract]", "label": "Homebuilding: [Abstract]", "terseLabel": "Homebuilding" } } }, "localname": "HomebuildingAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails" ], "xbrltype": "stringItemType" }, "phm_HomebuildingIncomeLossBeforeIncomeTaxes": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Homebuilding Income (Loss) Before Income Taxes", "label": "Homebuilding Income (Loss) Before Income Taxes", "terseLabel": "Income before income taxes", "verboseLabel": "Homebuilding" } } }, "localname": "HomebuildingIncomeLossBeforeIncomeTaxes", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "phm_ImpairedCommunityMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Impaired Community [Member]", "label": "Impaired Community [Member]", "terseLabel": "Impaired Community" } } }, "localname": "ImpairedCommunityMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_ImpairedInventoryMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Impaired Inventory [Member]", "label": "Impaired Inventory [Member]", "terseLabel": "Impaired Inventory" } } }, "localname": "ImpairedInventoryMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "domainItemType" }, "phm_IncomeLossBeforeEquityInIncomeLossOfSubsidiaries": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Income (loss) before equity in income (loss) of subsidiaries", "label": "Income (loss) before equity in income (loss) of subsidiaries", "totalLabel": "Income (loss) before equity in income (loss) of subsidiaries" } } }, "localname": "IncomeLossBeforeEquityInIncomeLossOfSubsidiaries", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "phm_IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 1.0, "parentTag": "phm_IncomeLossBeforeEquityInIncomeLossOfSubsidiaries", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries", "label": "Income (Loss) Before Income Taxes And Equity In Income (Loss) Of Subsidiaries", "totalLabel": "Income (loss) before income taxes and equity in income (loss) of subsidiaries" } } }, "localname": "IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "phm_IncomeLossBeforeIncomeTaxesFinancialServices": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Income Loss Before Income Taxes Financial Services", "label": "Income Loss Before Income Taxes Financial Services", "terseLabel": "Income before income taxes" } } }, "localname": "IncomeLossBeforeIncomeTaxesFinancialServices", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails" ], "xbrltype": "monetaryItemType" }, "phm_IncomeTaxNetOperatingLossCarryforwardPeriod": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "IncomeTaxNetOperatingLossCarryforwardPeriod", "label": "IncomeTaxNetOperatingLossCarryforwardPeriod", "terseLabel": "IncomeTaxNetOperatingLossCarryforwardPeriod" } } }, "localname": "IncomeTaxNetOperatingLossCarryforwardPeriod", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "durationItemType" }, "phm_IncurredButNotReportedPercentageOfLiabilityReserves": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Incurred but not reported percentage of liability reserves", "label": "Incurred but not reported percentage of liability reserves", "terseLabel": "Incurred but not reported percentage of liability reserves" } } }, "localname": "IncurredButNotReportedPercentageOfLiabilityReserves", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "percentItemType" }, "phm_IntercompanyInterest": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 4.0, "parentTag": "phm_IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Intercompany interest expense (income).", "label": "Intercompany Interest", "terseLabel": "Intercompany interest" } } }, "localname": "IntercompanyInterest", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "phm_Interestpaidcapitalizednet": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Interest paid (capitalized), net", "label": "Interest paid (capitalized), net", "terseLabel": "Interest paid (capitalized), net" } } }, "localname": "Interestpaidcapitalizednet", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "phm_InventoryLandHeldForDevelopmentAndSaleMeasurementInput": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Inventory, Land Held For Development And Sale, Measurement Input", "label": "Inventory, Land Held For Development And Sale, Measurement Input", "terseLabel": "Measurement input" } } }, "localname": "InventoryLandHeldForDevelopmentAndSaleMeasurementInput", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "decimalItemType" }, "phm_InventoryNumberOfResidentialLots": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Inventory, Number Of Residential Lots", "label": "Inventory, Number Of Residential Lots", "terseLabel": "Number of lots" } } }, "localname": "InventoryNumberOfResidentialLots", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails" ], "xbrltype": "integerItemType" }, "phm_InvestmentinJointVentureswithLimitedrecoursedebttoCompany": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails": { "order": 1.0, "parentTag": "us-gaap_EquityMethodInvestments", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Investment in Joint Ventures with Limited Recourse Debt To Company", "label": "Investment in Joint Ventures with Limited recourse debt to Company", "terseLabel": "Investment in Joint Ventures with Limited recourse debt to Company" } } }, "localname": "InvestmentinJointVentureswithLimitedrecoursedebttoCompany", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails" ], "xbrltype": "monetaryItemType" }, "phm_InvestmentsInJointVenturesWithDebtNonrecourseToCompany": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails": { "order": 2.0, "parentTag": "us-gaap_EquityMethodInvestments", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Investments In Joint Ventures With Debt Nonrecourse To Company", "label": "Investments In Joint Ventures With Debt Nonrecourse To Company", "terseLabel": "Investments in joint ventures with debt non-recourse to Company" } } }, "localname": "InvestmentsInJointVenturesWithDebtNonrecourseToCompany", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails" ], "xbrltype": "monetaryItemType" }, "phm_InvestmentsInOtherJointVentures": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails": { "order": 3.0, "parentTag": "us-gaap_EquityMethodInvestments", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Investments In Other Joint Ventures", "label": "Investments In Other Joint Ventures", "terseLabel": "Investments in other active joint ventures" } } }, "localname": "InvestmentsInOtherJointVentures", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails" ], "xbrltype": "monetaryItemType" }, "phm_JWHomesWielandMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "JW Homes (Wieland) [Member]", "label": "JW Homes (Wieland) [Member]", "terseLabel": "JW Homes (Wieland) [Member]" } } }, "localname": "JWHomesWielandMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_JointVentureDebtCompanyProportionateShareTotal": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total liability for proportionate share of joint venture debt.", "label": "Joint Venture Debt Company Proportionate Share Total", "totalLabel": "Company's total proportionate share of joint venture debt" } } }, "localname": "JointVentureDebtCompanyProportionateShareTotal", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails" ], "xbrltype": "monetaryItemType" }, "phm_JointVentureDebtNonrecourseToCompany": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails": { "order": 2.0, "parentTag": "phm_JointVentureDebtCompanyProportionateShareTotal", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Liability for proportionate share of Joint Venture's nonrecourse debt.", "label": "Joint Venture Debt Nonrecourse To Company", "terseLabel": "Joint venture debt non-recourse to Company" } } }, "localname": "JointVentureDebtNonrecourseToCompany", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails" ], "xbrltype": "monetaryItemType" }, "phm_JointVentureDebtTotal": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Joint Venture Debt Total", "label": "Joint Venture Debt Total", "terseLabel": "Joint Venture Debt Total" } } }, "localname": "JointVentureDebtTotal", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails", "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails" ], "xbrltype": "monetaryItemType" }, "phm_JointVentureDebtWithLimitedRecourseGuaranties": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails": { "order": 1.0, "parentTag": "phm_JointVentureDebtCompanyProportionateShareTotal", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Liability for proportionate share of Joint Venture's limited recourse debt.", "label": "Joint Venture Debt With Limited Recourse Guaranties", "terseLabel": "Joint venture debt with limited recourse guaranties" } } }, "localname": "JointVentureDebtWithLimitedRecourseGuaranties", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails" ], "xbrltype": "monetaryItemType" }, "phm_JointventureCaveButtesProportionateShare": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Joint venture Cave Buttes Proportionate Share", "label": "Joint venture Cave Buttes Proportionate Share", "terseLabel": "Joint Venture Debt Company Proportionate Share Total" } } }, "localname": "JointventureCaveButtesProportionateShare", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_LandHeldForSaleGross": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleLandHeldForSaleDetails": { "order": 1.0, "parentTag": "us-gaap_InventoryRealEstateHeldForSale", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Gross value of land held for sale.", "label": "Land Held For Sale Gross", "terseLabel": "Land held for sale, gross" } } }, "localname": "LandHeldForSaleGross", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleLandHeldForSaleDetails" ], "xbrltype": "monetaryItemType" }, "phm_LandHeldForSaleMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land Held For Sale [Member]", "label": "Land Held For Sale [Member]", "terseLabel": "Land Held For Sale [Member]" } } }, "localname": "LandHeldForSaleMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "phm_LandHeldForSaleNRVReserves": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleLandHeldForSaleDetails": { "order": 2.0, "parentTag": "us-gaap_InventoryRealEstateHeldForSale", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Net realizable value reserves on land held for sale.", "label": "Land Held For Sale N R V Reserves", "negatedLabel": "Net realizable value reserves" } } }, "localname": "LandHeldForSaleNRVReserves", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleLandHeldForSaleDetails" ], "xbrltype": "monetaryItemType" }, "phm_LandInventoryImpairmentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land Inventory Impairments [Member]", "label": "Land Inventory Impairments [Member]", "terseLabel": "Land inventory impairments" } } }, "localname": "LandInventoryImpairmentsMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_LandOptionAgreementAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land Option Agreement [Axis]", "label": "Land Option Agreement [Axis]", "terseLabel": "Land Option Agreement [Axis]" } } }, "localname": "LandOptionAgreementAxis", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "stringItemType" }, "phm_LandOptionAgreementDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land Option Agreement [Domain]", "label": "Land Option Agreement [Domain]", "terseLabel": "Land Option Agreement [Domain]" } } }, "localname": "LandOptionAgreementDomain", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "domainItemType" }, "phm_LandOptionContractsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land Option Contracts [Member]", "label": "Land Option Contracts [Member]", "terseLabel": "Land Option Contracts [Member]" } } }, "localname": "LandOptionContractsMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_LandRelatedChargesByReportingSegmentTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land-Related Charges By Reporting Segment [Table Text Block]", "label": "Land-Related Charges By Reporting Segment [Table Text Block]", "terseLabel": "Land-Related Charges By Reporting Segment" } } }, "localname": "LandRelatedChargesByReportingSegmentTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationTables" ], "xbrltype": "textBlockItemType" }, "phm_LandSalesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land Sales [Member]", "label": "Land Sales [Member]", "terseLabel": "Land Sales [Member]" } } }, "localname": "LandSalesMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_LandUnderOptionLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land under option [Line Items]", "label": "Land under option [Line Items]", "terseLabel": "Land under option agreement [Line Items]" } } }, "localname": "LandUnderOptionLineItems", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "stringItemType" }, "phm_LandrelatedChargesTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Land-related Charges [Table Text Block]", "label": "Land-related Charges [Table Text Block]", "terseLabel": "Land-related Charges" } } }, "localname": "LandrelatedChargesTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables" ], "xbrltype": "textBlockItemType" }, "phm_LargeProjectImpairmentMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Large Project Impairment [Member]", "label": "Large Project Impairment [Member]", "terseLabel": "Large Project Impairment [Member]" } } }, "localname": "LargeProjectImpairmentMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_LehmanComplaintMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Lehman Complaint [Member]", "label": "Lehman Complaint [Member]", "terseLabel": "Lehman Complaint [Member]" } } }, "localname": "LehmanComplaintMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_LitigationofRecordedInsuranceReceivable": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Litigation of Recorded Insurance Receivable", "label": "Litigation of Recorded Insurance Receivable", "terseLabel": "Litigation of Recorded Insurance Receivable" } } }, "localname": "LitigationofRecordedInsuranceReceivable", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "phm_LossContingencyNumberOfTransactions": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Loss Contingency, Number Of Transactions", "label": "Loss Contingency, Number Of Transactions", "terseLabel": "Loss Contingency, Number Of Transactions" } } }, "localname": "LossContingencyNumberOfTransactions", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "integerItemType" }, "phm_MaximumPeriodStockOptionsAppreciationRightsRestrictedStockAndRestrictedStockUnitsCanBeGranted": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Maximum period stock options, appreciation rights, restricted stock, and restricted stock units can be granted", "label": "Maximum period stock options, appreciation rights, restricted stock, and restricted stock units can be granted", "terseLabel": "Maximum period stock options, appreciation rights, restricted stock, and restricted stock units can be granted" } } }, "localname": "MaximumPeriodStockOptionsAppreciationRightsRestrictedStockAndRestrictedStockUnitsCanBeGranted", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "durationItemType" }, "phm_MaximumProductWarrantyInYears": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Maximum product warranty in years", "label": "Maximum product warranty in years", "terseLabel": "Maximum product warranty in years" } } }, "localname": "MaximumProductWarrantyInYears", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "durationItemType" }, "phm_May2017StrategicReviewCommunitiesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "May 2017 Strategic Review Communities [Member]", "label": "May 2017 Strategic Review Communities [Member]", "terseLabel": "May 2017 Strategic Review Communities [Member]" } } }, "localname": "May2017StrategicReviewCommunitiesMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_MeasurementInputQuarterlySalesPaceMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Measurement Input, Quarterly Sales Pace [Member]", "label": "Measurement Input, Quarterly Sales Pace [Member]", "terseLabel": "Quarterly Sales Pace (Homes)" } } }, "localname": "MeasurementInputQuarterlySalesPaceMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "domainItemType" }, "phm_MidwestMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Midwest Geographic Segment [Member]", "label": "Midwest [Member] [Member]", "terseLabel": "Midwest [Member]" } } }, "localname": "MidwestMemberMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_ModelParkImprovementsAndFurnishingsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Model Park Improvements And Furnishings [Member]", "label": "Model Park Improvements And Furnishings [Member]", "terseLabel": "Model Park Improvements and Furnishings [Member]" } } }, "localname": "ModelParkImprovementsAndFurnishingsMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_NetOperatingLossNOLExpirationPeriodRangeOneMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Net Operating Loss (NOL) Expiration Period, Range One [Member]", "label": "Net Operating Loss (NOL) Expiration Period, Range One [Member]", "terseLabel": "2019 - 2023 [Member]" } } }, "localname": "NetOperatingLossNOLExpirationPeriodRangeOneMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_NetOperatingLossNOLExpirationPeriodRangeTwoMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Net Operating Loss (NOL) Expiration Period, Range Two [Member]", "label": "Net Operating Loss (NOL) Expiration Period, Range Two [Member]", "terseLabel": "2024 - Thereafter [Member]" } } }, "localname": "NetOperatingLossNOLExpirationPeriodRangeTwoMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_NetRealizableValueAdjustmentsLandHeldForSaleTotal": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails": { "order": 2.0, "parentTag": "us-gaap_ProductionRelatedImpairmentsOrCharges", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Charge against earnings in the period to reduce the current value of land held for sale to its fair value.", "label": "Net Realizable Value Adjustments Land Held For Sale Total", "negatedLabel": "Net Realizable Value Adjustments Land Held For Sale Total - land held for sale", "terseLabel": "Net realizable value adjustments (NRV) - land held for sale", "verboseLabel": "Net realizable value adjustments (NRV) - land held for sale" } } }, "localname": "NetRealizableValueAdjustmentsLandHeldForSaleTotal", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_NortheastMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Northeast geographic segment [Member]", "label": "Northeast [Member]", "terseLabel": "Northeast [Member]" } } }, "localname": "NortheastMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_NumberOfCommunities": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number Of Communities", "label": "Number Of Communities", "terseLabel": "Number of communities" } } }, "localname": "NumberOfCommunities", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "integerItemType" }, "phm_NumberOfYearsStockBasedCompensationIsExercisableAfterGrantDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number of years stock based compensation is exercisable after grant date", "label": "Number of Years Stock Based Compensation is Exercisable After Grant Date", "terseLabel": "Number of Years Stock Options are Exercisable After Grant Date" } } }, "localname": "NumberOfYearsStockBasedCompensationIsExercisableAfterGrantDate", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "durationItemType" }, "phm_OtherAssetsAndAccruedAndOtherLiabilitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Other Assets and Accrued and Other Liabilities [Abstract]", "label": "Other Assets and Accrued and Other Liabilities [Abstract]" } } }, "localname": "OtherAssetsAndAccruedAndOtherLiabilitiesAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "xbrltype": "stringItemType" }, "phm_OtherAssetsAndOtherLiabilitiesTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Other Assets and Other Liabilities [Text Block]", "label": "Other Assets and Other Liabilities [Text Block]", "terseLabel": "Other assets and accrued and other liabilities" } } }, "localname": "OtherAssetsAndOtherLiabilitiesTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilities" ], "xbrltype": "textBlockItemType" }, "phm_OtherHomebuildingMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Other Homebuilding [Member]", "label": "Other Homebuilding [Member]", "terseLabel": "Other Homebuilding [Member]" } } }, "localname": "OtherHomebuildingMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_OtherLandOptionAgreementsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Other Land Option Agreements [Member]", "label": "Other Land Option Agreements Member" } } }, "localname": "OtherLandOptionAgreementsMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "domainItemType" }, "phm_RMBSTransactionsAllegedViolationsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "RMBS Transactions - Alleged Violations [Member]", "label": "RMBS Transactions - Alleged Violations [Member]", "terseLabel": "RMBS Transactions - Alleged Violations [Member]" } } }, "localname": "RMBSTransactionsAllegedViolationsMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_RMBSTransactionsSimilarIndemnityProvisionsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "RMBS Transactions - Similar Indemnity Provisions [Member]", "label": "RMBS Transactions - Similar Indemnity Provisions [Member]", "terseLabel": "RMBS Transactions - Similar Indemnity Provisions [Member]" } } }, "localname": "RMBSTransactionsSimilarIndemnityProvisionsMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_RemainingPurchasePriceOfAllLandOptionAgreements": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Remaining Purchase Price Of All Land Option Agreements", "label": "Remaining Purchase Price Of All Land Option Agreements", "terseLabel": "Remaining Purchase Price" } } }, "localname": "RemainingPurchasePriceOfAllLandOptionAgreements", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "monetaryItemType" }, "phm_RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member]", "label": "Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member]", "terseLabel": "Restricted Stock, Performance Shares, and Restricted Stock Units (RSUs) [Member]" } } }, "localname": "RestrictedStockPerformanceSharesandRestrictedStockUnitsRSUsMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "domainItemType" }, "phm_RestrictedStockUnitsOutstandingVestedButNotYetPaid": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Restricted stock units outstanding vested but not yet paid because the payout date had been deferred by the holder", "label": "Restricted stock units outstanding vested but not yet paid", "terseLabel": "Restricted stock units outstanding vested but not yet paid" } } }, "localname": "RestrictedStockUnitsOutstandingVestedButNotYetPaid", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "sharesItemType" }, "phm_RevolvingCreditFacilityAccordionFeatureMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Revolving Credit Facility Accordion Feature [Member]", "label": "Revolving Credit Facility Accordion Feature [Member]", "terseLabel": "Revolving Credit Facility Accordion Feature [Member]" } } }, "localname": "RevolvingCreditFacilityAccordionFeatureMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_ScheduleOfCompanyInterestsInLandOptionAgreementsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule Of Company Interests In Land Option Agreements [Table Text Block]", "label": "Schedule Of Company Interests In Land Option Agreements [Table Text Block]", "terseLabel": "Schedule Of Company Interests In Land Option Agreements" } } }, "localname": "ScheduleOfCompanyInterestsInLandOptionAgreementsTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "phm_ScheduleOfOtherNonoperatingExpenseIncomeLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Line Items] for Schedule of other nonoperating expense (income) [Table]", "label": "Schedule of other nonoperating expense (income) [Line Items]", "terseLabel": "Other expense (income), net [Line Items]" } } }, "localname": "ScheduleOfOtherNonoperatingExpenseIncomeLineItems", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "stringItemType" }, "phm_ScheduleOfOtherNonoperatingExpenseIncomeTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule of other nonoperating expense (income) [Table]", "label": "Schedule of other nonoperating expense (income) [Table]", "terseLabel": "Schedule of other nonoperating expense (income) [Table]" } } }, "localname": "ScheduleOfOtherNonoperatingExpenseIncomeTable", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "stringItemType" }, "phm_SelfInsuranceLiabilityRollforwardTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Self-insurance liability rollforward", "label": "Self-insurance liability rollforward [Table Text Block]", "terseLabel": "Summary of Changes in Self-insurance Liability" } } }, "localname": "SelfInsuranceLiabilityRollforwardTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "phm_SeniorManagementLongTermCompensationPlanMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Senior management long-term compensation plan [Member] [Member]", "label": "Senior management long-term compensation plan [Member] [Member]", "terseLabel": "Senior management long-term compensation plan [Member] [Member]" } } }, "localname": "SeniorManagementLongTermCompensationPlanMemberMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_SeniorUnsecuredNotesFebruary2016Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Senior Unsecured Notes February 2016 [Member]", "label": "Senior Unsecured Notes February 2016 [Member]", "terseLabel": "Senior Unsecured Notes February 2016 [Member]" } } }, "localname": "SeniorUnsecuredNotesFebruary2016Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_SeniorUnsecuredNotesIssuedJuly2016Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Senior Unsecured Notes, Issued July 2016 [Member]", "label": "Senior Unsecured Notes, Issued July 2016 [Member]", "terseLabel": "Senior Unsecured Notes, Issued July 2016 [Member]" } } }, "localname": "SeniorUnsecuredNotesIssuedJuly2016Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain]", "label": "Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain]", "terseLabel": "Senior Unsecured Term Loan Maturing January 3, 2027 [Member] [Domain]" } } }, "localname": "SeniorUnsecuredTermLoanMaturingJanuary32027MemberDomain", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsRollForwardRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options [Roll Forward]", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options [Roll Forward] [Roll Forward]", "terseLabel": "Restricted Stock, RSUs and Performance Shares Activity [Roll Forward]" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsRollForwardRollForward", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "stringItemType" }, "phm_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsVestedNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number", "terseLabel": "Vested, end of year" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsVestedNumber", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "phm_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsVestedWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value", "terseLabel": "Vested, end of year, weighted-average per share grant date fair value" } } }, "localname": "SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsVestedWeightedAverageGrantDateFairValue", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "phm_SharerepurchaseplanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Authorized stock repurchase programs [Member]", "label": "Share repurchase plan [Member]", "terseLabel": "Share repurchase plan [Member]" } } }, "localname": "SharerepurchaseplanMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_ShareswithheldtopaytaxesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Shares withheld to pay taxes for restricted shares that vested during the period [Member]", "label": "Shares withheld to pay taxes [Member]", "terseLabel": "Shares withheld to pay taxes [Member]" } } }, "localname": "ShareswithheldtopaytaxesMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_SoftwareAndHardwareMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Software And Hardware [Member]", "label": "Software And Hardware [Member]", "terseLabel": "Software and Hardware [Member]" } } }, "localname": "SoftwareAndHardwareMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_SoutheastMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Southeast geographic segment [Member]", "label": "Southeast [Member]", "terseLabel": "Southeast [Member]" } } }, "localname": "SoutheastMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_StockCompensationPlanPriceFloor": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock price floor at which a portion of the deferred compensation plan award would be paid partially in cash.", "label": "Stock compensation plan price floor", "terseLabel": "Stock compensation plan price floor" } } }, "localname": "StockCompensationPlanPriceFloor", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "perShareItemType" }, "phm_StockOptionPlanExerciseRange1Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock option plan exercise range 1 [Member]", "label": "Stock option plan exercise range 1 [Member]", "terseLabel": "$0.01 to $10.00 [Member]" } } }, "localname": "StockOptionPlanExerciseRange1Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "domainItemType" }, "phm_StockOptionPlanExerciseRange2Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock option plan exercise range 2 [Member]", "label": "Stock option plan exercise range 2 [Member]", "terseLabel": "$10.01 to $20.00 [Member]" } } }, "localname": "StockOptionPlanExerciseRange2Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "domainItemType" }, "phm_SummaryOfChangesInLoanOriginationLiabilityTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Summary of changes in loan origination liability [Table Text Block]", "label": "Summary of changes in loan origination liability [Table Text Block]", "terseLabel": "Summary of Changes in Loan Origination Liability" } } }, "localname": "SummaryOfChangesInLoanOriginationLiabilityTableTextBlock", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "phm_SupplementalGuarantorInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Supplemental Guarantor Information", "label": "Supplemental Guarantor Information [Abstract]" } } }, "localname": "SupplementalGuarantorInformationAbstract", "nsuri": "http://www.pultegroupinc.com/20181231", "xbrltype": "stringItemType" }, "phm_SuretyBondsOutstanding": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Surety Bonds Outstanding", "label": "Surety Bonds Outstanding", "terseLabel": "Surety Bonds Outstanding" } } }, "localname": "SuretyBondsOutstanding", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Change In Tax Rate, Deferred Tax Asset, Provisional Income Tax Expense", "label": "Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Change In Tax Rate, Deferred Tax Asset, Provisional Income Tax Expense", "terseLabel": "Provisional tax expense" } } }, "localname": "TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_TexasMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Texas Geographic Segment [Member]", "label": "Texas [Member] [Member]", "terseLabel": "Texas [Member]" } } }, "localname": "TexasMemberMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_TotalDividendsAndDistributionOfEarningsFromUnconsolidatedEntities": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Total dividends and distribution of earnings from unconsolidated entities", "label": "Total dividends and distribution of earnings from unconsolidated entities", "terseLabel": "Capital and earnings distributions received from unconsolidated entities" } } }, "localname": "TotalDividendsAndDistributionOfEarningsFromUnconsolidatedEntities", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "phm_TotalHomebuildingMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Total Homebuilding [Member]", "label": "Total Homebuilding [Member]", "terseLabel": "Total Homebuilding [Member]" } } }, "localname": "TotalHomebuildingMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "phm_UnconsolidatedJointVenturesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unconsolidated Joint Ventures [Member]", "label": "Unconsolidated Joint Ventures [Member]", "terseLabel": "Unconsolidated Joint Ventures [Member]" } } }, "localname": "UnconsolidatedJointVenturesMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "domainItemType" }, "phm_UnsecuredSeniorNotes600DueFebruary2035Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unsecured Senior Notes 6.00% due February 2035", "label": "Unsecured Senior Notes 6.00% due February 2035 [Member]", "terseLabel": "Unsecured Senior Notes 6.00% Due February 2035 [Member]" } } }, "localname": "UnsecuredSeniorNotes600DueFebruary2035Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_UnsecuredSeniorNotes6375DueMay2033Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unsecured Senior Notes 6.375% due May 2033", "label": "Unsecured Senior Notes 6.375% due May 2033 [Member]", "terseLabel": "Unsecured Senior Notes 6.375% Due May 2033 [Member]" } } }, "localname": "UnsecuredSeniorNotes6375DueMay2033Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_UnsecuredSeniorNotes650DueMay2016Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unsecured Senior Notes 6.50% due May 2016", "label": "Unsecured Senior Notes 6.50% due May 2016 [Member]", "terseLabel": "Unsecured Senior Notes 6.50% due May 2016 [Member]" } } }, "localname": "UnsecuredSeniorNotes650DueMay2016Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_UnsecuredSeniorNotes7875DueJune2032Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Unsecured Senior Notes 7.875% due June 2032", "label": "Unsecured Senior Notes 7.875% due June 2032 [Member]", "terseLabel": "Unsecured Senior Notes 7.875% Due June 2032 [Member]" } } }, "localname": "UnsecuredSeniorNotes7875DueJune2032Member", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "phm_VariableInterestEntityNumberOfEntitiesRequiringConsolidation": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The number of variable interest entities requiring consolidation.", "label": "Variable Interest Entity Number Of Entities Requiring Consolidation", "terseLabel": "Number of VIEs requiring consolidation" } } }, "localname": "VariableInterestEntityNumberOfEntitiesRequiringConsolidation", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "pureItemType" }, "phm_WestMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "West Geographic Segment [Member]", "label": "West [Member] [Member]", "terseLabel": "West [Member]" } } }, "localname": "WestMemberMember", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "domainItemType" }, "phm_WriteOffOfDepositsAndPreAcquisitionCosts": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails": { "order": 4.0, "parentTag": "us-gaap_ProductionRelatedImpairmentsOrCharges", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Write Off Of Deposits And Pre Acquisition Costs", "label": "Write Off Of Deposits And Pre Acquisition Costs", "negatedTerseLabel": "Write-off of deposits and pre-acquisition costs", "terseLabel": "Write-off of deposits and pre-acquisition costs" } } }, "localname": "WriteOffOfDepositsAndPreAcquisitionCosts", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "phm_Writeoffofinsurancereceivables": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Write-off of insurance receivables", "label": "Write-off of insurance receivables", "negatedTerseLabel": "Write-off of insurance receivables", "terseLabel": "Write-off of insurance receivables" } } }, "localname": "Writeoffofinsurancereceivables", "nsuri": "http://www.pultegroupinc.com/20181231", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "srt_ConsolidatedEntitiesAxis": { "auth_ref": [ "r470", "r474" ], "lang": { "en-US": { "role": { "documentation": "Information by consolidated entity or group of entities.", "label": "Consolidated Entities [Axis]", "terseLabel": "Consolidated Entities [Axis]" } } }, "localname": "ConsolidatedEntitiesAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "srt_ConsolidatedEntitiesDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Entity or group of entities consolidated into reporting entity.", "label": "Consolidated Entities [Domain]", "terseLabel": "Consolidated Entities [Domain]" } } }, "localname": "ConsolidatedEntitiesDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_ConsolidationItemsAxis": { "auth_ref": [ "r136", "r148" ], "lang": { "en-US": { "role": { "documentation": "Information by components, eliminations, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.", "label": "Consolidation Items [Axis]", "terseLabel": "Consolidation Items [Axis]" } } }, "localname": "ConsolidationItemsAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "srt_ConsolidationItemsDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Components, elimination, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.", "label": "Consolidation Items [Domain]", "terseLabel": "Consolidation Items [Domain]" } } }, "localname": "ConsolidationItemsDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_EquityMethodInvesteeNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of investment, including named security. Excludes consolidated entity.", "label": "Investment, Name [Domain]", "terseLabel": "Investment, Name [Domain]" } } }, "localname": "EquityMethodInvesteeNameDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "domainItemType" }, "srt_GuarantorSubsidiariesMember": { "auth_ref": [ "r228", "r476" ], "lang": { "en-US": { "role": { "documentation": "Entity owned or controlled by another entity which has guaranteed the issue of securities by another subsidiary of the parent or has guaranteed the issue of securities by the parent.", "label": "Guarantor Subsidiaries [Member]", "terseLabel": "Guarantor Subsidiaries [Member]" } } }, "localname": "GuarantorSubsidiariesMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_LitigationCaseAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of judicial proceeding, alternative dispute resolution or claim.", "label": "Litigation Case [Axis]", "terseLabel": "Litigation Case [Axis]" } } }, "localname": "LitigationCaseAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "srt_LitigationCaseTypeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Judicial proceeding, alternative dispute resolution or claim. For example, but not limited to, name of case, category of litigation, or other differentiating information.", "label": "Litigation Case [Domain]", "terseLabel": "Litigation Case [Domain]" } } }, "localname": "LitigationCaseTypeDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "srt_MaximumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Upper limit of the provided range.", "label": "Maximum [Member]", "terseLabel": "Maximum" } } }, "localname": "MaximumMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "srt_MinimumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Lower limit of the provided range.", "label": "Minimum [Member]", "terseLabel": "Minimum" } } }, "localname": "MinimumMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "srt_NonGuarantorSubsidiariesMember": { "auth_ref": [ "r229", "r477" ], "lang": { "en-US": { "role": { "documentation": "Entity owned or controlled by another entity which has not guaranteed the issue of securities by another subsidiary of the parent or has not guaranteed the issue of securities by the parent.", "label": "Non-Guarantor Subsidiaries [Member]", "terseLabel": "Non-Guarantor Subsidiaries [Member]" } } }, "localname": "NonGuarantorSubsidiariesMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_ParentCompanyMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The registrant that controls, directly or indirectly, another entity (or entities). The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree.", "label": "Parent Company [Member]", "terseLabel": "Parent Company [Member]" } } }, "localname": "ParentCompanyMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_ProductOrServiceAxis": { "auth_ref": [ "r149", "r251", "r253", "r464" ], "lang": { "en-US": { "role": { "documentation": "Information by product and service, or group of similar products and similar services.", "label": "Product and Service [Axis]", "terseLabel": "Product and Service [Axis]" } } }, "localname": "ProductOrServiceAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "srt_ProductsAndServicesDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Product or service, or a group of similar products or similar services.", "label": "Product and Service [Domain]", "terseLabel": "Product and Service [Domain]" } } }, "localname": "ProductsAndServicesDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "srt_RangeAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by range, including, but not limited to, upper and lower bounds.", "label": "Range [Axis]", "terseLabel": "Range [Axis]" } } }, "localname": "RangeAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "srt_RangeMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Extent of variation, for example, but not limited to, upper and lower bounds.", "label": "Range [Domain]", "terseLabel": "Range [Domain]" } } }, "localname": "RangeMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "srt_RestatementAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by revision of previously issued financial statements.", "label": "Restatement [Axis]", "terseLabel": "Restatement [Axis]" } } }, "localname": "RestatementAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "srt_RestatementDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Revision of previously issued financial statements.", "label": "Restatement [Domain]", "terseLabel": "Restatement [Domain]" } } }, "localname": "RestatementDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "domainItemType" }, "srt_ScheduleOfCondensedBalanceSheetTableTextBlock": { "auth_ref": [ "r478" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.", "label": "Condensed Balance Sheet [Table Text Block]", "terseLabel": "Consolidating Balance Sheet" } } }, "localname": "ScheduleOfCondensedBalanceSheetTableTextBlock", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables" ], "xbrltype": "textBlockItemType" }, "srt_ScheduleOfCondensedCashFlowStatementTableTextBlock": { "auth_ref": [ "r478" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.", "label": "Condensed Cash Flow Statement [Table Text Block]", "terseLabel": "Consolidating Statement Of Cash Flows" } } }, "localname": "ScheduleOfCondensedCashFlowStatementTableTextBlock", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables" ], "xbrltype": "textBlockItemType" }, "srt_ScheduleOfCondensedIncomeStatementTableTextBlock": { "auth_ref": [ "r478" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.", "label": "Condensed Income Statement [Table Text Block]", "terseLabel": "Consolidating Statement Of Operations and Comprehensive Income (Loss)" } } }, "localname": "ScheduleOfCondensedIncomeStatementTableTextBlock", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationTables" ], "xbrltype": "textBlockItemType" }, "srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis": { "auth_ref": [ "r163" ], "lang": { "en-US": { "role": { "documentation": "Information by name of investment, including named security. Excludes consolidated entity.", "label": "Investment, Name [Axis]", "terseLabel": "Investment, Name [Axis]" } } }, "localname": "ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "stringItemType" }, "srt_SegmentGeographicalDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Geographical area.", "label": "Geographical [Domain]", "terseLabel": "Geographical [Domain]" } } }, "localname": "SegmentGeographicalDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "domainItemType" }, "srt_StatementGeographicalAxis": { "auth_ref": [ "r150", "r251", "r254", "r465", "r469", "r473", "r475" ], "lang": { "en-US": { "role": { "documentation": "Information by geographical components.", "label": "Geographical [Axis]", "terseLabel": "Geographical [Axis]" } } }, "localname": "StatementGeographicalAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "stringItemType" }, "stpr_CA": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "CALIFORNIA", "terseLabel": "California" } } }, "localname": "CA", "nsuri": "http://xbrl.sec.gov/stpr/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_AccountingPoliciesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Accounting Policies [Abstract]" } } }, "localname": "AccountingPoliciesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_AccountingStandardsUpdate201602Member": { "auth_ref": [ "r402" ], "lang": { "en-US": { "role": { "documentation": "Accounting Standards Update 2016-02 Leases (Topic 842).", "label": "Accounting Standards Update 2016-02 [Member]", "terseLabel": "Accounting Standards Update 2016-02 [Member]" } } }, "localname": "AccountingStandardsUpdate201602Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_AccountingStandardsUpdate201609Member": { "auth_ref": [ "r291", "r292", "r293", "r294", "r295", "r296", "r297", "r298", "r299", "r300" ], "lang": { "en-US": { "role": { "documentation": "Accounting Standards Update 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.", "label": "Accounting Standards Update 2016-09 [Member]", "terseLabel": "Accounting Standards Update 2016-09 [Member]" } } }, "localname": "AccountingStandardsUpdate201609Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_AccountsAndNotesReceivableNet": { "auth_ref": [ "r43" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 1.0, "parentTag": "us-gaap_OtherAssets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date, net of allowance for doubtful accounts, of account and note receivables due from other than related parties.", "label": "Accounts and Notes Receivable, Net", "totalLabel": "Accounts and notes receivable" } } }, "localname": "AccountsAndNotesReceivableNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent": { "auth_ref": [ "r427", "r455" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.", "label": "Accounts Payable and Accrued Liabilities", "verboseLabel": "Accounts payable, customer deposits, accrued and other liabilities" } } }, "localname": "AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsPayableCurrentAndNoncurrent": { "auth_ref": [ "r428", "r454" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.", "label": "Accounts Payable", "terseLabel": "Accounts payable, including book overdrafts of $54,381 and $72,800 in 2018 and 2017, respectively" } } }, "localname": "AccountsPayableCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsReceivableNetCurrent": { "auth_ref": [ "r17", "r252" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.", "label": "Accounts Receivable, Net, Current", "terseLabel": "Unfunded settlements" } } }, "localname": "AccountsReceivableNetCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccruedIncomeTaxes": { "auth_ref": [ "r10", "r12", "r320", "r420", "r445" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due. This amount is the total of current and noncurrent accrued income taxes.", "label": "Accrued Income Taxes", "terseLabel": "Income tax liabilities" } } }, "localname": "AccruedIncomeTaxes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent": { "auth_ref": [ "r428", "r454" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 }, "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.", "label": "Accrued Liabilities", "terseLabel": "Accrued and other liabilities", "totalLabel": "Accrued and other liabilities" } } }, "localname": "AccruedLiabilitiesCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment": { "auth_ref": [ "r27", "r191" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.", "label": "Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment", "terseLabel": "Property and equipment, accumulated depreciation" } } }, "localname": "AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": { "auth_ref": [ "r49", "r50", "r51" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 4.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.", "label": "Accumulated Other Comprehensive Income (Loss), Net of Tax", "terseLabel": "Accumulated other comprehensive loss" } } }, "localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeMember": { "auth_ref": [ "r48", "r51", "r52", "r358" ], "lang": { "en-US": { "role": { "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners.", "label": "AOCI Attributable to Parent [Member]", "terseLabel": "Accumulated Other Comprehensive Income (Loss) [Member]" } } }, "localname": "AccumulatedOtherComprehensiveIncomeMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_AdditionalPaidInCapital": { "auth_ref": [ "r18" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 3.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.", "label": "Additional Paid in Capital", "terseLabel": "Additional paid-in capital" } } }, "localname": "AdditionalPaidInCapital", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdditionalPaidInCapitalMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders.", "label": "Additional Paid-in Capital [Member]", "terseLabel": "Additional Paid-In Capital [Member]" } } }, "localname": "AdditionalPaidInCapitalMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_AdjustmentsForNewAccountingPronouncementsAxis": { "auth_ref": [ "r105" ], "lang": { "en-US": { "role": { "documentation": "Information by new accounting pronouncement.", "label": "Adjustments for New Accounting Pronouncements [Axis]", "terseLabel": "Adjustments for New Accounting Pronouncements [Axis]" } } }, "localname": "AdjustmentsForNewAccountingPronouncementsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of decrease in additional paid in capital (APIC) resulting from a tax deficiency associated with a share-based compensation plan other than an employee stock ownership plan (ESOP).", "label": "Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation", "negatedTerseLabel": "Excess tax benefits (deficiencies) from share-based compensation" } } }, "localname": "AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue": { "auth_ref": [ "r260", "r262", "r301", "r302" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase to additional paid-in capital (APIC) from recognition of equity-based compensation.", "label": "Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition", "terseLabel": "Share-based compensation" } } }, "localname": "AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Adjustments to reconcile net income to net cash from operating activities:" } } }, "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_AdvertisingCostPolicyExpensedAdvertisingCost": { "auth_ref": [ "r94", "r172", "r173", "r304" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for advertising costs that are expensed, indicating whether such costs are expensed as incurred or the first period in which the advertising takes place.", "label": "Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block]", "terseLabel": "Advertising Costs Policy" } } }, "localname": "AdvertisingCostPolicyExpensedAdvertisingCost", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_AdvertisingExpense": { "auth_ref": [ "r305" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line.", "label": "Advertising Expense", "terseLabel": "Advertising Expense" } } }, "localname": "AdvertisingExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AmortizationOfIntangibleAssets": { "auth_ref": [ "r87", "r179", "r185" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Amortization of Intangible Assets", "negatedTerseLabel": "Amortization of intangible assets", "verboseLabel": "Intangible assets amortization expense" } } }, "localname": "AmortizationOfIntangibleAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount": { "auth_ref": [ "r119" ], "lang": { "en-US": { "role": { "documentation": "Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.", "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount", "terseLabel": "Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount" } } }, "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_AssetImpairmentCharges": { "auth_ref": [ "r87", "r188" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.", "label": "Asset Impairment Charges", "terseLabel": "Land-related charges" } } }, "localname": "AssetImpairmentCharges", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_Assets": { "auth_ref": [ "r140", "r418", "r444" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets", "terseLabel": "Total assets", "totalLabel": "Total assets" } } }, "localname": "Assets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Assets [Abstract]", "terseLabel": "ASSETS" } } }, "localname": "AssetsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AssetsFairValueDisclosure": { "auth_ref": [ "r375" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets, Fair Value Disclosure", "terseLabel": "Assets, Fair Value Disclosure" } } }, "localname": "AssetsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AwardTypeAxis": { "auth_ref": [ "r263", "r290" ], "lang": { "en-US": { "role": { "documentation": "Information by award type pertaining to equity-based compensation.", "label": "Award Type [Axis]", "terseLabel": "Award Type [Axis]" } } }, "localname": "AwardTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BankOverdrafts": { "auth_ref": [ "r35", "r226" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of payments made in excess of existing cash balances, which will be honored by the bank but reflected as a loan to the entity. Overdrafts generally have a very short time frame for correction or repayment and are therefore more similar to short-term bank financing than trade financing.", "label": "Bank Overdrafts", "terseLabel": "Book overdrafts" } } }, "localname": "BankOverdrafts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "monetaryItemType" }, "us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock": { "auth_ref": [ "r104" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.", "label": "Basis of Presentation and Significant Accounting Policies [Text Block]", "terseLabel": "Summary of significant accounting policies" } } }, "localname": "BasisOfPresentationAndSignificantAccountingPoliciesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_BusinessAcquisitionAcquireeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Identification of the acquiree in a material business combination (or series of individually immaterial business combinations), which may include the name or other type of identification of the acquiree.", "label": "Business Acquisition, Acquiree [Domain]", "terseLabel": "Business Acquisition, Acquiree [Domain]" } } }, "localname": "BusinessAcquisitionAcquireeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_BusinessAcquisitionAxis": { "auth_ref": [ "r348", "r349" ], "lang": { "en-US": { "role": { "documentation": "Information by business combination or series of individually immaterial business combinations.", "label": "Business Acquisition [Axis]", "terseLabel": "Business Acquisition [Axis]" } } }, "localname": "BusinessAcquisitionAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BusinessCombinationConsiderationTransferred1": { "auth_ref": [ "r352", "r353", "r354" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer.", "label": "Business Combination, Consideration Transferred", "terseLabel": "Business Combination, Consideration Transferred" } } }, "localname": "BusinessCombinationConsiderationTransferred1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet": { "auth_ref": [ "r350", "r351" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed.", "label": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net", "terseLabel": "Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net" } } }, "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_BusinessCombinationsPolicy": { "auth_ref": [ "r94", "r347" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for completed business combinations (purchase method, acquisition method or combination of entities under common control). This accounting policy may include a general discussion of the purchase method or acquisition method of accounting (including for example, the treatment accorded contingent consideration, the identification of assets and liabilities, the purchase price allocation process, how the fair values of acquired assets and liabilities are determined) and the entity's specific application thereof. An entity that acquires another entity in a leveraged buyout transaction generally discloses the accounting policy followed by the acquiring entity in determining the basis used to value its interest in the acquired entity, and the rationale for that accounting policy.", "label": "Business Combinations Policy [Policy Text Block]", "terseLabel": "Business Combinations Policy [Policy Text Block]" } } }, "localname": "BusinessCombinationsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_BusinessExitCosts1": { "auth_ref": [ "r87", "r197", "r200", "r202" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation.", "label": "Business Exit Costs", "terseLabel": "Lease exit and related costs" } } }, "localname": "BusinessExitCosts1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CapitalizedContractCostNet": { "auth_ref": [ "r174" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after accumulated amortization and accumulated impairment loss, of asset recognized from cost incurred to obtain or fulfill contract with customer.", "label": "Capitalized Contract Cost, Net", "terseLabel": "Capitalized contract costs" } } }, "localname": "CapitalizedContractCostNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsAtCarryingValue": { "auth_ref": [ "r3", "r24", "r89" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.", "label": "Cash and Cash Equivalents, at Carrying Value", "terseLabel": "Cash and equivalents" } } }, "localname": "CashAndCashEquivalentsAtCarryingValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsFairValueDisclosure": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash and Cash Equivalents, Fair Value Disclosure", "terseLabel": "Cash and equivalents (including restricted cash), fair value" } } }, "localname": "CashAndCashEquivalentsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsPolicyTextBlock": { "auth_ref": [ "r5", "r90", "r94", "r152" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.", "label": "Cash and Cash Equivalents, Policy [Policy Text Block]", "terseLabel": "Cash and Equivalents Policy" } } }, "localname": "CashAndCashEquivalentsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy": { "auth_ref": [ "r5", "r90", "r94", "r152", "r416" ], "lang": { "en-US": { "role": { "documentation": "Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.", "label": "Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]", "terseLabel": "Restricted Cash Policy" } } }, "localname": "CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": { "auth_ref": [ "r83", "r89", "r92" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 1.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents", "periodEndLabel": "Cash, cash equivalents, and restricted cash at end of period", "periodStartLabel": "Cash, cash equivalents, and restricted cash at beginning of period", "totalLabel": "Total cash, cash equivalents, and restricted cash" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect": { "auth_ref": [ "r83", "r390" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect", "totalLabel": "Net increase (decrease)" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ClassOfStockLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Class of Stock [Line Items]", "terseLabel": "Class of Stock [Line Items]" } } }, "localname": "ClassOfStockLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ClassificationOfVariableInterestEntityDomain": { "auth_ref": [ "r359", "r360", "r361", "r362" ], "lang": { "en-US": { "role": { "documentation": "Categorization of Variable Interest Entities (VIE) for consolidation and (or) disclosure purposes, whether individually or in aggregate, by: (1) VIEs consolidated because the entity is the primary beneficiary, (2) VIEs not consolidated because the entity is not the primary beneficiary, and (3) VIEs or potential VIEs that are not consolidated because necessary information is not available. In general, a VIE is a corporation, partnership, trust, or any other legal structure used for business purposes that either (a) does not have equity investors with voting rights or (b) has equity investors that do not provide sufficient financial resources for the entity to support its activities. A VIE often holds financial assets, including loans or receivables, real estate or other property. A VIE may be essentially passive or it may engage in research and development or other activities on behalf of another company.", "label": "Variable Interest Entity, Classification [Domain]", "terseLabel": "Variable Interest Entity, Classification [Domain]" } } }, "localname": "ClassificationOfVariableInterestEntityDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "localname": "CommitmentsAndContingenciesDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "auth_ref": [ "r205", "r216" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for commitments and contingencies.", "label": "Commitments and Contingencies Disclosure [Text Block]", "terseLabel": "Commitments and contingencies" } } }, "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingencies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CommonStockDividendsPerShareDeclared": { "auth_ref": [ "r243" ], "lang": { "en-US": { "role": { "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding.", "label": "Common Stock, Dividends, Per Share, Declared", "terseLabel": "Cash dividends declared (usd per share)" } } }, "localname": "CommonStockDividendsPerShareDeclared", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock that is subordinate to all other stock of the issuer.", "label": "Common Stock [Member]", "terseLabel": "Common Stock [Member]" } } }, "localname": "CommonStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "domainItemType" }, "us-gaap_CommonStockParOrStatedValuePerShare": { "auth_ref": [ "r16" ], "lang": { "en-US": { "role": { "documentation": "Face amount or stated value per share of common stock.", "label": "Common Stock, Par or Stated Value Per Share", "terseLabel": "Common stock, par value (usd per share)" } } }, "localname": "CommonStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockSharesAuthorized": { "auth_ref": [ "r16" ], "lang": { "en-US": { "role": { "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws.", "label": "Common Stock, Shares Authorized", "terseLabel": "Common stock, shares authorized" } } }, "localname": "CommonStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesIssued": { "auth_ref": [ "r16" ], "lang": { "en-US": { "role": { "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.", "label": "Common Stock, Shares, Issued", "terseLabel": "Common stock, shares issued" } } }, "localname": "CommonStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesOutstanding": { "auth_ref": [ "r16", "r236" ], "lang": { "en-US": { "role": { "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.", "label": "Common Stock, Shares, Outstanding", "periodEndLabel": "Shareholders' Equity, shares", "periodStartLabel": "Shareholders' Equity, shares", "terseLabel": "Common stock, shares outstanding" } } }, "localname": "CommonStockSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockValue": { "auth_ref": [ "r16" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Common Stock, Value, Issued", "terseLabel": "Common shares, $0.01 par value; 500,000,000 shares authorized, 277,109,507 and 286,752,436 shares issued and outstanding at December 31, 2018 and 2017, respectively" } } }, "localname": "CommonStockValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_ComprehensiveIncomeNetOfTax": { "auth_ref": [ "r55", "r57", "r58" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent", "totalLabel": "Comprehensive income" } } }, "localname": "ComprehensiveIncomeNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ComprehensiveIncomeNetOfTaxAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]" } } }, "localname": "ComprehensiveIncomeNetOfTaxAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock": { "auth_ref": [ "r356", "r435" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.", "label": "Condensed Financial Information of Parent Company Only Disclosure [Text Block]", "terseLabel": "Supplemental Guarantor information" } } }, "localname": "CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformation" ], "xbrltype": "textBlockItemType" }, "us-gaap_ConsolidationPolicyTextBlock": { "auth_ref": [ "r94", "r357", "r364", "r365" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.", "label": "Consolidation, Policy [Policy Text Block]", "terseLabel": "Consolidation Policy" } } }, "localname": "ConsolidationPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_ContractWithCustomerAssetNet": { "auth_ref": [ "r246", "r248", "r252" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time.", "label": "Contract with Customer, Asset, Net", "terseLabel": "Contract assets" } } }, "localname": "ContractWithCustomerAssetNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ContractWithCustomerLiability": { "auth_ref": [ "r246", "r247", "r252" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable.", "label": "Contract with Customer, Liability", "terseLabel": "Contract liabilities" } } }, "localname": "ContractWithCustomerLiability", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CostOfGoodsAndServicesSold": { "auth_ref": [ "r67" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_CostOfRevenue", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.", "label": "Cost of Goods and Services Sold", "terseLabel": "Cost of Goods and Services Sold" } } }, "localname": "CostOfGoodsAndServicesSold", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CostOfRevenue": { "auth_ref": [ "r68" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_Revenues", "weight": -1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 5.0, "parentTag": "phm_IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate cost of goods produced and sold and services rendered during the reporting period.", "label": "Cost of Revenue", "terseLabel": "Cost of Revenue", "totalLabel": "Cost of Revenue" } } }, "localname": "CostOfRevenue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CostOfRevenueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Cost of Revenue [Abstract]", "terseLabel": "Homebuilding Cost of Revenues:" } } }, "localname": "CostOfRevenueAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption.", "label": "Cumulative Effect of New Accounting Principle in Period of Adoption", "terseLabel": "Cumulative Effect of New Accounting Principle in Period of Adoption" } } }, "localname": "CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1": { "auth_ref": [ "r107" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of the cumulative effect on retained earnings net of related income tax effect.", "label": "Cumulative Effect on Retained Earnings, Net of Tax", "terseLabel": "Cumulative Effect on Retained Earnings, Net of Tax" } } }, "localname": "CumulativeEffectOnRetainedEarningsNetOfTax1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentFederalTaxExpenseBenefit": { "auth_ref": [ "r96", "r338", "r343" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails": { "order": 1.0, "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Current Federal Tax Expense (Benefit)", "terseLabel": "Federal" } } }, "localname": "CurrentFederalTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentIncomeTaxExpenseBenefit": { "auth_ref": [ "r96", "r338", "r343" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails": { "order": 1.0, "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.", "label": "Current Income Tax Expense (Benefit)", "totalLabel": "Current Income Tax Expense (Benefit)" } } }, "localname": "CurrentIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Current Income Tax Expense (Benefit), Continuing Operations [Abstract]", "terseLabel": "Current provision (benefit)" } } }, "localname": "CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CurrentStateAndLocalTaxExpenseBenefit": { "auth_ref": [ "r96", "r338", "r343" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails": { "order": 2.0, "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Current State and Local Tax Expense (Benefit)", "terseLabel": "State and other" } } }, "localname": "CurrentStateAndLocalTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CustomerAdvancesAndDeposits": { "auth_ref": [ "r456" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Refundable consideration, usually cash, held by the entity pending satisfactory completion of the entity's obligations or pending the closing of a contract.", "label": "Customer Advances and Deposits", "terseLabel": "Customer deposits" } } }, "localname": "CustomerAdvancesAndDeposits", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Debt Disclosure [Abstract]" } } }, "localname": "DebtDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_DebtDisclosureTextBlock": { "auth_ref": [ "r232" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.", "label": "Debt Disclosure [Text Block]", "terseLabel": "Debt" } } }, "localname": "DebtDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/Debt" ], "xbrltype": "textBlockItemType" }, "us-gaap_DebtInstrumentAxis": { "auth_ref": [ "r9", "r10", "r11", "r419", "r423", "r442" ], "lang": { "en-US": { "role": { "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities.", "label": "Debt Instrument [Axis]", "terseLabel": "Debt Instrument [Axis]" } } }, "localname": "DebtInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentFaceAmount": { "auth_ref": [ "r396", "r398" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Face (par) amount of debt instrument at time of issuance.", "label": "Debt Instrument, Face Amount", "terseLabel": "Debt Instrument, Face Amount" } } }, "localname": "DebtInstrumentFaceAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentFairValue": { "auth_ref": [ "r386" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.", "label": "Debt Instrument, Fair Value Disclosure", "terseLabel": "Debt Instrument, Fair Value Disclosure" } } }, "localname": "DebtInstrumentFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DebtInstrumentInterestRateStatedPercentage": { "auth_ref": [ "r36" ], "lang": { "en-US": { "role": { "documentation": "Contractual interest rate for funds borrowed, under the debt agreement.", "label": "Debt Instrument, Interest Rate, Stated Percentage", "terseLabel": "Debt instrument, interest rate, stated percentage" } } }, "localname": "DebtInstrumentInterestRateStatedPercentage", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "percentItemType" }, "us-gaap_DebtInstrumentLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Debt Instrument [Line Items]", "terseLabel": "Debt Instrument" } } }, "localname": "DebtInstrumentLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentMaturityDateDescription": { "auth_ref": [ "r37" ], "lang": { "en-US": { "role": { "documentation": "Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities.", "label": "Debt Instrument, Maturity Date, Description", "terseLabel": "Debt instrument, maturity date, description" } } }, "localname": "DebtInstrumentMaturityDateDescription", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentNameDomain": { "auth_ref": [ "r38" ], "lang": { "en-US": { "role": { "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities.", "label": "Debt Instrument, Name [Domain]", "terseLabel": "Debt Instrument, Name [Domain]" } } }, "localname": "DebtInstrumentNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DebtInstrumentTable": { "auth_ref": [ "r38", "r98", "r237", "r240", "r241", "r242", "r395", "r396", "r398", "r438" ], "lang": { "en-US": { "role": { "documentation": "A table or schedule providing information pertaining to long-term debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.", "label": "Schedule of Long-term Debt Instruments [Table]", "terseLabel": "Schedule of Long-term Debt Instruments [Table]" } } }, "localname": "DebtInstrumentTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DebtInstrumentTerm": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Debt Instrument, Term", "terseLabel": "Debt Instrument, Term" } } }, "localname": "DebtInstrumentTerm", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date.", "label": "Deferred Compensation Liability, Current and Noncurrent", "terseLabel": "Long-term incentive plan liability" } } }, "localname": "DeferredCompensationLiabilityCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredCompensationShareBasedPaymentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Deferred compensation arrangements (such as stock or unit options and share or unit awards) that are equity-based payments with individual employees. The arrangements are generally based on employment contracts between the entity and one or more selected officers or key employees, and contain a promise by the employer to pay certain amounts or benefits at designated future dates, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Other \"sub-members\" can be added as necessary.", "label": "Deferred Compensation, Share-based Payments [Member]", "terseLabel": "Long-term incentive plans [Member]" } } }, "localname": "DeferredCompensationShareBasedPaymentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DeferredFederalIncomeTaxExpenseBenefit": { "auth_ref": [ "r96", "r339", "r343" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Federal Income Tax Expense (Benefit)", "terseLabel": "Federal" } } }, "localname": "DeferredFederalIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredFinanceCostsNet": { "auth_ref": [ "r28", "r397" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.", "label": "Debt Issuance Costs, Net", "negatedTerseLabel": "Debt Issuance Costs, Net" } } }, "localname": "DeferredFinanceCostsNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxExpenseBenefit": { "auth_ref": [ "r87", "r96", "r339", "r343" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails": { "order": 2.0, "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Income Tax Expense (Benefit)", "totalLabel": "Deferred Income Tax Expense (Benefit)" } } }, "localname": "DeferredIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]", "terseLabel": "Deferred provision (benefit)" } } }, "localname": "DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredIncomeTaxLiabilities": { "auth_ref": [ "r13", "r14", "r330", "r421", "r441" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredTaxAssetsLiabilitiesNet", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax liability attributable to taxable temporary differences.", "label": "Deferred Tax Liabilities, Gross", "negatedTotalLabel": "Deferred Tax Liabilities, Gross" } } }, "localname": "DeferredIncomeTaxLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit": { "auth_ref": [ "r96", "r339", "r343" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred State and Local Income Tax Expense (Benefit)", "terseLabel": "State and other" } } }, "localname": "DeferredStateAndLocalIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsGross": { "auth_ref": [ "r331" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredTaxAssetsLiabilitiesNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.", "label": "Deferred Tax Assets, Gross", "totalLabel": "Deferred Tax Assets, Gross" } } }, "localname": "DeferredTaxAssetsGross", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsGrossAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Deferred Tax Assets, Gross [Abstract]", "terseLabel": "Deferred Tax Assets [Abstract]" } } }, "localname": "DeferredTaxAssetsGrossAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredTaxAssetsLiabilitiesNet": { "auth_ref": [ "r333" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 10.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting.", "label": "Deferred Tax Assets, Net", "terseLabel": "Deferred tax assets, net", "totalLabel": "Net deferred tax asset (liability)" } } }, "localname": "DeferredTaxAssetsLiabilitiesNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsComponentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]", "terseLabel": "NOL carryforwards:" } } }, "localname": "DeferredTaxAssetsOperatingLossCarryforwardsComponentsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsDomestic": { "auth_ref": [ "r306", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 4.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible domestic operating loss carryforwards. Excludes state and local operating loss carryforwards.", "label": "Deferred Tax Assets, Operating Loss Carryforwards, Domestic", "terseLabel": "Deferred Tax Assets, Operating Loss Carryforwards, Domestic", "verboseLabel": "Federal" } } }, "localname": "DeferredTaxAssetsOperatingLossCarryforwardsDomestic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal": { "auth_ref": [ "r306", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 5.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards.", "label": "Deferred Tax Assets, Operating Loss Carryforwards, State and Local", "verboseLabel": "State" } } }, "localname": "DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards that are subject to expiration dates.", "label": "Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration", "terseLabel": "Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration" } } }, "localname": "DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxCreditCarryforwards": { "auth_ref": [ "r335", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 7.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, before allocation of a valuation allowances, of deferred tax assets attributable to deductible tax credit carryforwards including, but not limited to, research, foreign, general business, alternative minimum tax, and other deductible tax credit carryforwards.", "label": "Deferred Tax Assets, Tax Credit Carryforwards", "verboseLabel": "Energy credit and charitable contribution carryforward" } } }, "localname": "DeferredTaxAssetsTaxCreditCarryforwards", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax": { "auth_ref": [ "r335", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 6.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible alternative minimum tax credit carryforwards.", "label": "Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax", "terseLabel": "Alternative minimum tax credits" } } }, "localname": "DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxDeferredExpenseOther": { "auth_ref": [ "r308", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from provisions, reserves, allowances, and accruals, classified as other.", "label": "Deferred Tax Assets, Tax Deferred Expense, Other", "terseLabel": "Deferred Tax Assets, Tax Deferred Expense, Other" } } }, "localname": "DeferredTaxAssetsTaxDeferredExpenseOther", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals": { "auth_ref": [ "r307", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from reserves and accruals.", "label": "Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals", "terseLabel": "Non-deductible reserves and other" } } }, "localname": "DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses": { "auth_ref": [ "r306", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 3.0, "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses.", "label": "Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Impairment Losses", "terseLabel": "Inventory valuation reserves" } } }, "localname": "DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsValuationAllowance": { "auth_ref": [ "r332" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 3.0, "parentTag": "us-gaap_DeferredTaxAssetsLiabilitiesNet", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.", "label": "Deferred Tax Assets, Valuation Allowance", "negatedTerseLabel": "Valuation allowance" } } }, "localname": "DeferredTaxAssetsValuationAllowance", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxLiabilitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Deferred Tax Liabilities, Gross [Abstract]", "terseLabel": "Deferred Tax Liabilities [Abstract]" } } }, "localname": "DeferredTaxLiabilitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts": { "auth_ref": [ "r307", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredIncomeTaxLiabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax liability attributable to taxable temporary differences from capitalized costs classified as other.", "label": "Deferred Tax Liabilities, Deferred Expense, Other Capitalized Costs", "negatedTerseLabel": "Capitalized items, including real estate basis differences, deducted for tax, net" } } }, "localname": "DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets": { "auth_ref": [ "r308", "r336", "r337" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails": { "order": 3.0, "parentTag": "us-gaap_DeferredIncomeTaxLiabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax liability attributable to taxable temporary differences from intangible assets other than goodwill.", "label": "Deferred Tax Liabilities, Intangible Assets", "negatedTerseLabel": "Trademarks and tradenames" } } }, "localname": "DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNetDeferredTaxAssetLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxLiabilitiesNoncurrent": { "auth_ref": [ "r312", "r313", "r314" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 9.0, "parentTag": "us-gaap_Assets", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent.", "label": "Deferred Tax Liabilities, Net, Noncurrent", "negatedTerseLabel": "Deferred tax liability, net" } } }, "localname": "DeferredTaxLiabilitiesNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DefinedContributionPlanCostRecognized": { "auth_ref": [ "r259" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cost for defined contribution plan.", "label": "Defined Contribution Plan, Cost", "terseLabel": "Employee benefit plan company contributions" } } }, "localname": "DefinedContributionPlanCostRecognized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Depreciation": { "auth_ref": [ "r87", "r189" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.", "label": "Depreciation", "terseLabel": "Depreciation Expense" } } }, "localname": "Depreciation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DepreciationAndAmortization": { "auth_ref": [ "r87", "r189" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.", "label": "Depreciation, Depletion and Amortization, Nonproduction", "terseLabel": "Depreciation and amortization" } } }, "localname": "DepreciationAndAmortization", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DepreciationAndAmortizationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Depreciation, Depletion and Amortization [Abstract]", "terseLabel": "Depreciation and amortization:" } } }, "localname": "DepreciationAndAmortizationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DerivativeInstrumentsInHedgesAssetsAtFairValue": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Aggregate fair value of all derivative assets designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations.", "label": "Derivative Instruments in Hedges, Assets, at Fair Value", "terseLabel": "Other Assets" } } }, "localname": "DerivativeInstrumentsInHedgesAssetsAtFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeInstrumentsInHedgesLiabilitiesAtFairValue": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate fair value of all derivative liabilities designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations.", "label": "Derivative Instruments in Hedges, Liabilities, at Fair Value", "terseLabel": "Other Liabilities" } } }, "localname": "DerivativeInstrumentsInHedgesLiabilitiesAtFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativesPolicyTextBlock": { "auth_ref": [ "r94", "r102", "r366", "r367", "r368", "r369", "r372" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for its derivative instruments and hedging activities.", "label": "Derivatives, Policy [Policy Text Block]", "terseLabel": "Derivative Instruments and Hedging Activities Policy" } } }, "localname": "DerivativesPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": { "auth_ref": [ "r244", "r303" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.", "label": "Disclosure of Compensation Related Costs, Share-based Payments [Text Block]", "terseLabel": "Stock compensation plans" } } }, "localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlans" ], "xbrltype": "textBlockItemType" }, "us-gaap_DisclosureOfLongLivedAssetsHeldForSaleTextBlock": { "auth_ref": [ "r196" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).", "label": "Disclosure of Long Lived Assets Held-for-sale [Table Text Block]", "terseLabel": "Land Held for Sale" } } }, "localname": "DisclosureOfLongLivedAssetsHeldForSaleTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_Dividends": { "auth_ref": [ "r243", "r437" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock.", "label": "Dividends", "negatedTerseLabel": "Dividends declared" } } }, "localname": "Dividends", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EarningsPerShareAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share [Abstract]", "terseLabel": "Net income per share:", "verboseLabel": "Earnings per share:" } } }, "localname": "EarningsPerShareAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareBasic": { "auth_ref": [ "r63", "r106", "r111", "r116", "r117", "r118", "r122", "r433", "r460" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.", "label": "Earnings Per Share, Basic", "terseLabel": "Basic (usd per share)" } } }, "localname": "EarningsPerShareBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareBasicAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share, Basic [Abstract]", "terseLabel": "Numerator:" } } }, "localname": "EarningsPerShareBasicAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]", "terseLabel": "Number of shares used in calculation:" } } }, "localname": "EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareDiluted": { "auth_ref": [ "r63", "r106", "r111", "r116", "r117", "r118", "r122", "r433", "r460" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.", "label": "Earnings Per Share, Diluted", "terseLabel": "Diluted (usd per share)" } } }, "localname": "EarningsPerShareDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerSharePolicyTextBlock": { "auth_ref": [ "r94", "r119", "r120", "r121" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.", "label": "Earnings Per Share, Policy [Policy Text Block]", "terseLabel": "Earnings Per Share Policy" } } }, "localname": "EarningsPerSharePolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_EarningsPerShareReconciliationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share Reconciliation [Abstract]", "terseLabel": "Earnings Per Share Reconciliation [Abstract]" } } }, "localname": "EarningsPerShareReconciliationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EffectiveIncomeTaxRateContinuingOperations": { "auth_ref": [ "r101", "r315", "r316" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-US": { "role": { "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Effective Income Tax Rate Reconciliation, Percent", "totalLabel": "Effective rate" } } }, "localname": "EffectiveIncomeTaxRateContinuingOperations", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate": { "auth_ref": [ "r315", "r316", "r342" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails": { "order": 1.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of domestic federal statutory tax rate applicable to pretax income (loss).", "label": "Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent", "terseLabel": "Income taxes at federal statutory rate" } } }, "localname": "EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance": { "auth_ref": [ "r315", "r316", "r342" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails": { "order": 4.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets.", "label": "Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent", "terseLabel": "Deferred tax asset valuation allowance" } } }, "localname": "EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate": { "auth_ref": [ "r315", "r316", "r342" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails": { "order": 3.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the income tax rates.", "label": "Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent", "terseLabel": "Changes in tax laws, including the Tax Act" } } }, "localname": "EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments": { "auth_ref": [ "r315", "r316", "r342" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails": { "order": 6.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments.", "label": "Effective Income Tax Rate Reconciliation, Other Adjustments, Percent", "terseLabel": "Other" } } }, "localname": "EffectiveIncomeTaxRateReconciliationOtherAdjustments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes": { "auth_ref": [ "r315", "r316", "r342" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails": { "order": 2.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit).", "label": "Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent", "terseLabel": "Effect of state and local income taxes, net of federal tax" } } }, "localname": "EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies": { "auth_ref": [ "r315", "r316", "r342" ], "calculation": { "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails": { "order": 5.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax contingencies. Includes, but not limited to, domestic tax contingency, foreign tax contingency, state and local tax contingency, and other contingencies.", "label": "Effective Income Tax Rate Reconciliation, Tax Contingency, Percent", "terseLabel": "Tax contingencies" } } }, "localname": "EffectiveIncomeTaxRateReconciliationTaxContingencies", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateToEffectiveIncomeTaxRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent": { "auth_ref": [ "r428", "r454" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails": { "order": 3.0, "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.", "label": "Employee-related Liabilities", "terseLabel": "Compensation-related" } } }, "localname": "EmployeeRelatedLiabilitiesCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized": { "auth_ref": [ "r289" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Unrecognized cost of unvested share-based compensation awards.", "label": "Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized", "terseLabel": "Unrecognized stock compensation expense" } } }, "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1": { "auth_ref": [ "r289" ], "lang": { "en-US": { "role": { "documentation": "Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition", "terseLabel": "Weighted average period in which stock based compensation costs are expensed" } } }, "localname": "EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_EmployeeStockOptionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "An arrangement whereby an employee is entitled to receive in the future, subject to vesting and other restrictions, a number of shares in the entity at a specified price, as defined in the agreement. Although there are variations, normally, after vesting, when an option is exercised, the employee-holder pays the strike value in cash to the issuing employer-entity and receives equity shares. The equity shares can be sold into the market for cash at the current market price without restriction. Options may be used to attract, retain and incentivize employees, in addition to their regular salary and other benefits.", "label": "Employee Stock Option [Member]", "terseLabel": "Stock options [Member]" } } }, "localname": "EmployeeStockOptionMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquipmentMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tangible personal property used to produce goods and services.", "label": "Equipment [Member]", "terseLabel": "Office Furniture and Equipment [Member]" } } }, "localname": "EquipmentMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquityComponentDomain": { "auth_ref": [ "r236" ], "lang": { "en-US": { "role": { "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.", "label": "Equity Component [Domain]", "terseLabel": "Equity Component [Domain]" } } }, "localname": "EquityComponentDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquityMethodInvestmentOwnershipPercentage": { "auth_ref": [ "r163" ], "lang": { "en-US": { "role": { "documentation": "The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.", "label": "Equity Method Investment, Ownership Percentage", "terseLabel": "Equity Method Investment, Ownership Percentage" } } }, "localname": "EquityMethodInvestmentOwnershipPercentage", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EquityMethodInvestments": { "auth_ref": [ "r25", "r141", "r162" ], "calculation": { "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 5.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.", "label": "Equity Method Investments", "totalLabel": "Total investments in unconsolidated entities", "verboseLabel": "Investments in unconsolidated entities" } } }, "localname": "EquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesSummaryScheduleOfJointVenturesDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Equity Method Investments and Joint Ventures [Abstract]" } } }, "localname": "EquityMethodInvestmentsAndJointVenturesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_EquityMethodInvestmentsDisclosureTextBlock": { "auth_ref": [ "r167" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.", "label": "Equity Method Investments and Joint Ventures Disclosure [Text Block]", "verboseLabel": "Investments In unconsolidated entities" } } }, "localname": "EquityMethodInvestmentsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntities" ], "xbrltype": "textBlockItemType" }, "us-gaap_EquityMethodInvestmentsPolicy": { "auth_ref": [ "r25", "r82", "r94", "r164", "r388" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for equity method of accounting for investments and other interests. Investment includes, but is not limited to, unconsolidated subsidiary, corporate joint venture, noncontrolling interest in real estate venture, limited partnership, and limited liability company. Information includes, but is not limited to, ownership percentage, reason equity method is or is not considered appropriate, and accounting policy election for distribution received.", "label": "Equity Method Investments [Policy Text Block]", "terseLabel": "Investments in Unconsolidated Entities Policy" } } }, "localname": "EquityMethodInvestmentsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_EquityMethodInvestmentsTextBlock": { "auth_ref": [ "r166" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.", "label": "Equity Method Investments [Table Text Block]", "terseLabel": "Summary of Joint Ventures" } } }, "localname": "EquityMethodInvestmentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ExtendedProductWarrantyPolicy": { "auth_ref": [ "r94", "r206", "r223" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for extended product warranties and other guarantee contracts including the methodology for measuring the liability.", "label": "Extended Product Warranty, Policy [Policy Text Block]", "terseLabel": "Allowance for Warranties Policy" } } }, "localname": "ExtendedProductWarrantyPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueAdjustmentToInventoryMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fair value adjustment to acquisition-date inventory allocated (included) to (in) reported pro forma earnings (supplemental pro forma information).", "label": "Fair Value Adjustment to Inventory [Member]", "terseLabel": "NRV adjustments on land held for sale" } } }, "localname": "FairValueAdjustmentToInventoryMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]", "terseLabel": "Measured at fair value on a recurring basis:" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]", "terseLabel": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable": { "auth_ref": [ "r374", "r375", "r376", "r377", "r381", "r382" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.", "label": "Fair Value Measurements, Recurring and Nonrecurring [Table]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain": { "auth_ref": [ "r379", "r382" ], "lang": { "en-US": { "role": { "documentation": "Class of asset.", "label": "Asset Class [Domain]", "terseLabel": "Fair Value by Asset Class [Domain]" } } }, "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueByAssetClassAxis": { "auth_ref": [ "r375", "r382" ], "lang": { "en-US": { "role": { "documentation": "Information by class of asset.", "label": "Asset Class [Axis]", "terseLabel": "Asset Class [Axis]" } } }, "localname": "FairValueByAssetClassAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueByFairValueHierarchyLevelAxis": { "auth_ref": [ "r256", "r257", "r258", "r376", "r405" ], "lang": { "en-US": { "role": { "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient.", "label": "Fair Value Hierarchy and NAV [Axis]", "terseLabel": "Fair Value Hierarchy and NAV [Axis]" } } }, "localname": "FairValueByFairValueHierarchyLevelAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueByMeasurementFrequencyAxis": { "auth_ref": [ "r374" ], "lang": { "en-US": { "role": { "documentation": "Information by measurement frequency.", "label": "Measurement Frequency [Axis]", "terseLabel": "Measurement Frequency [Axis]" } } }, "localname": "FairValueByMeasurementFrequencyAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Fair Value Disclosures [Abstract]" } } }, "localname": "FairValueDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresTextBlock": { "auth_ref": [ "r384" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.", "label": "Fair Value Disclosures [Text Block]", "terseLabel": "Fair value disclosures" } } }, "localname": "FairValueDisclosuresTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosures" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueInputsLevel1Member": { "auth_ref": [ "r256", "r257", "r258", "r376", "r406" ], "lang": { "en-US": { "role": { "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.", "label": "Fair Value, Inputs, Level 1 [Member]", "terseLabel": "Fair Value, Inputs, Level 1 [Member]" } } }, "localname": "FairValueInputsLevel1Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel2Member": { "auth_ref": [ "r256", "r257", "r258", "r376", "r407" ], "lang": { "en-US": { "role": { "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets.", "label": "Fair Value, Inputs, Level 2 [Member]", "terseLabel": "Fair Value, Inputs, Level 2 [Member]" } } }, "localname": "FairValueInputsLevel2Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel3Member": { "auth_ref": [ "r256", "r257", "r258", "r376", "r408" ], "lang": { "en-US": { "role": { "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Inputs, Level 3 [Member]", "terseLabel": "Fair Value, Inputs, Level 3 [Member]" } } }, "localname": "FairValueInputsLevel3Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementFrequencyDomain": { "auth_ref": [ "r374", "r380" ], "lang": { "en-US": { "role": { "documentation": "Provides the general categories used to describe the frequency with which financial assets and liabilities (as defined) are measured at fair value (on a recurring or nonrecurring basis).", "label": "Fair Value, Measurement Frequency [Domain]", "terseLabel": "Fair Value, Measurement Frequency [Domain]" } } }, "localname": "FairValueMeasurementFrequencyDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value.", "label": "Fair Value Hierarchy and NAV [Domain]", "terseLabel": "Fair Value, Measurements, Fair Value Hierarchy [Domain]" } } }, "localname": "FairValueMeasurementsFairValueHierarchyDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsNonrecurringMember": { "auth_ref": [ "r374", "r380" ], "lang": { "en-US": { "role": { "documentation": "This item represents a description of the frequency with which certain items are measured at fair value. Items measured at fair value on a nonrecurring basis generally include those items for which measurement inputs are not readily available and which are measured at fair value infrequently (for example, impaired assets).", "label": "Fair Value, Measurements, Nonrecurring [Member]", "terseLabel": "Fair Value, Measurements, Nonrecurring [Member]" } } }, "localname": "FairValueMeasurementsNonrecurringMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsRecurringMember": { "auth_ref": [ "r374", "r380" ], "lang": { "en-US": { "role": { "documentation": "This item represents a description of the frequency with which certain items are measured at fair value. Items measured at fair value on a recurring basis generally include those items for which measurement inputs are readily available and which are measured at fair value at successive reporting periods.", "label": "Fair Value, Measurements, Recurring [Member]", "terseLabel": "Fair Value, Measurements, Recurring [Member]" } } }, "localname": "FairValueMeasurementsRecurringMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueOfFinancialInstrumentsPolicy": { "auth_ref": [ "r94", "r383", "r385" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for determining the fair value of financial instruments.", "label": "Fair Value of Financial Instruments, Policy [Policy Text Block]", "terseLabel": "Fair Value of Financial Instruments Policy" } } }, "localname": "FairValueOfFinancialInstrumentsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]", "terseLabel": "Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]" } } }, "localname": "FairValueOffBalanceSheetRisksDisclosureInformationLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueOptionChangesInFairValueGainLoss1": { "auth_ref": [ "r389" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.", "label": "Fair Value, Option, Changes in Fair Value, Gain (Loss)", "terseLabel": "Net gain (loss) from change in fair value" } } }, "localname": "FairValueOptionChangesInFairValueGainLoss1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicy": { "auth_ref": [ "r94", "r154", "r155", "r156", "r157", "r158", "r160", "r425" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for those finance, loan and lease receivables classified as held for investment. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the allowance for loan and lease losses is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of commitment and other fees and loan origination costs (including, if applicable, how the entity accounts for fees and costs associated with credit cards that are either purchased or originated) (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status (for impaired loans, the policy for recognizing interest income on such loans, including how cash receipts are recorded) and (7) the treatment of foreclosures or repossessions.", "label": "Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block]", "terseLabel": "Loans Held for Investment Policy" } } }, "localname": "FinanceLoanAndLeaseReceivablesHeldForInvestmentPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_FinancialInstrumentAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of financial instrument.", "label": "Financial Instrument [Axis]", "terseLabel": "Financial Instrument [Axis]", "verboseLabel": "Fair Value, Off-balance Sheet Risks by Financial Instrument [Axis]" } } }, "localname": "FinancialInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialServiceMember": { "auth_ref": [ "r253" ], "lang": { "en-US": { "role": { "documentation": "Financial assistance, including, but not limited to, management and maintenance of depositor account, credit card, merchant discount, trust, investment and insurance.", "label": "Financial Service [Member]", "terseLabel": "Financial Service [Member]" } } }, "localname": "FinancialServiceMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts": { "auth_ref": [ "r153" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for charging off uncollectible financing receivables, including, but not limited to, factors and methodologies used in estimating the allowance for credit loss.", "label": "Financing Receivable, Allowance for Credit Losses, Policy for Uncollectible Amounts [Policy Text Block]", "terseLabel": "Financing Receivables Policy" } } }, "localname": "FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_FiniteLivedIntangibleAssetUsefulLife": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Finite-Lived Intangible Asset, Useful Life", "terseLabel": "Intangible asset useful life" } } }, "localname": "FiniteLivedIntangibleAssetUsefulLife", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization": { "auth_ref": [ "r184" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Accumulated Amortization", "terseLabel": "Intangible assets, accumulated amortization" } } }, "localname": "FiniteLivedIntangibleAssetsAccumulatedAmortization", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths": { "auth_ref": [ "r186" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months", "terseLabel": "Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour": { "auth_ref": [ "r186" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Four", "terseLabel": "Future Amortization Expense, Year Four" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearFour", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree": { "auth_ref": [ "r186" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Three", "terseLabel": "Future Amortization Expense, Year Three" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearThree", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo": { "auth_ref": [ "r186" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Finite-Lived Intangible Assets, Amortization Expense, Year Two", "terseLabel": "Future Amortization Expense, Year Two" } } }, "localname": "FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis": { "auth_ref": [ "r180", "r181", "r184", "r187", "r415" ], "lang": { "en-US": { "role": { "documentation": "Information by major type or class of finite-lived intangible assets.", "label": "Finite-Lived Intangible Assets by Major Class [Axis]", "terseLabel": "Finite-Lived Intangible Assets by Major Class [Axis]" } } }, "localname": "FiniteLivedIntangibleAssetsByMajorClassAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FiniteLivedIntangibleAssetsGross": { "auth_ref": [ "r184", "r415" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Gross", "terseLabel": "Intangible assets, acquired cost (gross)" } } }, "localname": "FiniteLivedIntangibleAssetsGross", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain": { "auth_ref": [ "r180", "r183" ], "lang": { "en-US": { "role": { "documentation": "The major class of finite-lived intangible asset (for example, patents, trademarks, copyrights, etc.) A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.", "label": "Finite-Lived Intangible Assets, Major Class Name [Domain]", "terseLabel": "Finite-Lived Intangible Assets, Major Class Name [Domain]" } } }, "localname": "FiniteLivedIntangibleAssetsMajorClassNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ForwardContractsMember": { "auth_ref": [ "r371" ], "lang": { "en-US": { "role": { "documentation": "Contracts negotiated between two parties to purchase and sell a specific quantity of a financial instrument, foreign currency, or commodity at a price specified at origination of the contract, with delivery and settlement at a specified future date.", "label": "Forward Contracts [Member]", "terseLabel": "Forward Contracts [Member]" } } }, "localname": "ForwardContractsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_GainLossOnSaleOfMortgageLoans": { "auth_ref": [ "r87" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method.", "label": "Gain (Loss) on Sale of Mortgage Loans", "verboseLabel": "Net gains from the sale of mortgages" } } }, "localname": "GainLossOnSaleOfMortgageLoans", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_GainsLossesOnExtinguishmentOfDebt": { "auth_ref": [ "r87", "r230", "r231" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.", "label": "Gain (Loss) on Extinguishment of Debt", "negatedLabel": "Loss on debt retirements" } } }, "localname": "GainsLossesOnExtinguishmentOfDebt", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Goodwill": { "auth_ref": [ "r175", "r176" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.", "label": "Goodwill", "terseLabel": "Goodwill" } } }, "localname": "Goodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_HomeBuildingMember": { "auth_ref": [ "r253" ], "lang": { "en-US": { "role": { "documentation": "Design, development, general contracting, and renovation of residential building, including, but not limited to, single-family housing, multifamily housing, townhouse, apartment, and modular housing.", "label": "Home Building [Member]", "terseLabel": "Home Building [Member]" } } }, "localname": "HomeBuildingMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ImpairmentLossesRelatedToRealEstatePartnerships": { "auth_ref": [ "r88", "r193" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails": { "order": 3.0, "parentTag": "us-gaap_ProductionRelatedImpairmentsOrCharges", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Impairment losses measured as the amount by which the carrying amount of the business or real estate partnerships exceeds the fair value of the business or partnership.", "label": "Impairment Losses Related to Real Estate Partnerships", "terseLabel": "Impairment Losses Related to Real Estate Partnerships" } } }, "localname": "ImpairmentLossesRelatedToRealEstatePartnerships", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ImpairmentOfRealEstate": { "auth_ref": [ "r87", "r193" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails": { "order": 1.0, "parentTag": "us-gaap_ProductionRelatedImpairmentsOrCharges", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The charge against earnings in the period to reduce the carrying amount of real property to fair value.", "label": "Impairment of Real Estate", "terseLabel": "Land impairments", "verboseLabel": "Impairment charges" } } }, "localname": "ImpairmentOfRealEstate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic": { "auth_ref": [ "r100" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations.", "label": "Income (Loss) from Continuing Operations before Income Taxes, Domestic", "terseLabel": "Income before income taxes", "totalLabel": "Income before income taxes", "verboseLabel": "Consolidated income (loss) before income taxes" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromEquityMethodInvestments": { "auth_ref": [ "r61", "r87", "r138", "r162", "r431", "r458" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.", "label": "Income (Loss) from Equity Method Investments", "negatedLabel": "Equity in earnings of unconsolidated entities", "terseLabel": "Equity in (earnings) loss of unconsolidated entities" } } }, "localname": "IncomeLossFromEquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeStatementAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Statement [Abstract]" } } }, "localname": "IncomeStatementAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeStatementLocationAxis": { "auth_ref": [ "r194" ], "lang": { "en-US": { "role": { "documentation": "Information by location in the income statement.", "label": "Income Statement Location [Axis]", "terseLabel": "Income Statement Location [Axis]" } } }, "localname": "IncomeStatementLocationAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeStatementLocationDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Location in the income statement.", "label": "Income Statement Location [Domain]", "terseLabel": "Income Statement Location [Domain]" } } }, "localname": "IncomeStatementLocationDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IncomeTaxAuthorityAxis": { "auth_ref": [ "r319" ], "lang": { "en-US": { "role": { "documentation": "Information by tax jurisdiction.", "label": "Income Tax Authority [Axis]", "terseLabel": "Income Tax Authority [Axis]" } } }, "localname": "IncomeTaxAuthorityAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxAuthorityDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Agency, division or body classification that levies income taxes, examines tax returns for compliance, or grants exemptions from or makes other decisions pertaining to income taxes.", "label": "Income Tax Authority [Domain]", "terseLabel": "Income Tax Authority [Domain]" } } }, "localname": "IncomeTaxAuthorityDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IncomeTaxContingencyLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Income Tax Contingency [Line Items]", "terseLabel": "Income Tax Contingency [Line Items]" } } }, "localname": "IncomeTaxContingencyLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxContingencyTable": { "auth_ref": [ "r320", "r327", "r329", "r341" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.", "label": "Income Tax Contingency [Table]", "terseLabel": "Income Tax Contingency [Table]" } } }, "localname": "IncomeTaxContingencyTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Tax Disclosure [Abstract]" } } }, "localname": "IncomeTaxDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureTextBlock": { "auth_ref": [ "r346" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.", "label": "Income Tax Disclosure [Text Block]", "terseLabel": "Income taxes" } } }, "localname": "IncomeTaxDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxes" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxExpenseBenefit": { "auth_ref": [ "r96", "r139", "r344" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0 }, "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 2.0, "parentTag": "phm_IncomeLossBeforeEquityInIncomeLossOfSubsidiaries", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Income Tax Expense (Benefit)", "negatedTerseLabel": "Income tax expense", "totalLabel": "Income tax expense (benefit)" } } }, "localname": "IncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/IncomeTaxesComponentsOfCurrentAndDeferredIncomeTaxExpenseBenefitDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeTaxPolicyTextBlock": { "auth_ref": [ "r94", "r310", "r311", "r328", "r329", "r334", "r345", "r466" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.", "label": "Income Tax, Policy [Policy Text Block]", "terseLabel": "Income Taxes Policy" } } }, "localname": "IncomeTaxPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxReceivable": { "auth_ref": [ "r23", "r439" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 5.0, "parentTag": "us-gaap_OtherAssets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of income taxes previously overpaid to tax authorities (such as U.S. Federal, state and local tax authorities) representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Also called income tax refund receivable.", "label": "Income Taxes Receivable", "terseLabel": "Income taxes receivable" } } }, "localname": "IncomeTaxReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeTaxesPaidNet": { "auth_ref": [ "r91" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.", "label": "Income Taxes Paid, Net", "terseLabel": "Income taxes paid, net" } } }, "localname": "IncomeTaxesPaidNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities": { "auth_ref": [ "r86" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 11.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.", "label": "Increase (Decrease) in Accounts Payable and Accrued Liabilities", "terseLabel": "Accounts payable, accrued and other liabilities" } } }, "localname": "IncreaseDecreaseInAccountsPayableAndAccruedLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInDeferredIncomeTaxes": { "auth_ref": [ "r86" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa.", "label": "Increase (Decrease) in Deferred Income Taxes", "negatedTerseLabel": "Deferred income tax expense" } } }, "localname": "IncreaseDecreaseInDeferredIncomeTaxes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInInventories": { "auth_ref": [ "r86" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.", "label": "Increase (Decrease) in Inventories", "negatedLabel": "Inventories" } } }, "localname": "IncreaseDecreaseInInventories", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale": { "auth_ref": [ "r86" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the value of mortgage loans that are held with the intention to sell or be securitized in the near future.", "label": "Increase (Decrease) in Mortgage Loans Held-for-sale", "negatedLabel": "Residential mortgage loans available-for-sale" } } }, "localname": "IncreaseDecreaseInMortgageLoansHeldForSale", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Increase (Decrease) in Operating Capital [Abstract]", "terseLabel": "Increase (decrease) in cash due to:" } } }, "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_IncreaseDecreaseInOtherOperatingAssets": { "auth_ref": [ "r86" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 10.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in operating assets classified as other.", "label": "Increase (Decrease) in Other Operating Assets", "negatedLabel": "Other assets" } } }, "localname": "IncreaseDecreaseInOtherOperatingAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_InsuranceSettlementsReceivable": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 1.0, "parentTag": "us-gaap_AccountsAndNotesReceivableNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount due in settlement of a claim for reimbursement from an insurance company when the Company has suffered a loss covered under an insurance policy.", "label": "Insurance Settlements Receivable", "terseLabel": "Insurance Settlements Receivable" } } }, "localname": "InsuranceSettlementsReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IntangibleAssetsFiniteLivedPolicy": { "auth_ref": [ "r94", "r183" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for finite-lived intangible assets. This accounting policy also might address: (1) the amortization method used; (2) the useful lives of such assets; and (3) how the entity assesses and measures impairment of such assets.", "label": "Intangible Assets, Finite-Lived, Policy [Policy Text Block]", "terseLabel": "Intangible Assets Policy" } } }, "localname": "IntangibleAssetsFiniteLivedPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_IntangibleAssetsNetExcludingGoodwill": { "auth_ref": [ "r178", "r182" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 7.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.", "label": "Intangible Assets, Net (Excluding Goodwill)", "terseLabel": "Intangible assets" } } }, "localname": "IntangibleAssetsNetExcludingGoodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestExpense": { "auth_ref": [ "r60", "r137", "r392", "r397", "r434" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of the cost of borrowed funds accounted for as interest expense.", "label": "Interest Expense", "negatedTerseLabel": "Interest Expense" } } }, "localname": "InterestExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestIncomeOperating": { "auth_ref": [ "r64" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities.", "label": "Interest Income, Operating", "verboseLabel": "Interest income on mortgage loans" } } }, "localname": "InterestIncomeOperating", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestIncomeOther": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of interest income earned from interest bearing assets classified as other.", "label": "Interest Income, Other", "negatedTerseLabel": "Interest expense" } } }, "localname": "InterestIncomeOther", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestPayableCurrentAndNoncurrent": { "auth_ref": [ "r428", "r454" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails": { "order": 5.0, "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of interest payable on debt, including, but not limited to, trade payables.", "label": "Interest Payable", "terseLabel": "Accrued interest" } } }, "localname": "InterestPayableCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InterestRateLockCommitmentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commitments to extend credit where the interest rate is locked in advance of funds being disbursed for a specified period of time.", "label": "Interest Rate Lock Commitments [Member]", "terseLabel": "Interest Rate Lock Commitments [Member]" } } }, "localname": "InterestRateLockCommitmentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_InterimPeriodCostsNotAllocableDomain": { "auth_ref": [ "r124" ], "lang": { "en-US": { "role": { "documentation": "This element represents the type of costs and expenses incurred during an interim period that cannot be readily identified with the activities or benefits of other interim periods and are charged to the interim period in which incurred.", "label": "Interim Period, Costs Not Allocable [Domain]", "terseLabel": "Interim Period, Costs Not Allocable [Domain]" } } }, "localname": "InterimPeriodCostsNotAllocableDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IntersegmentEliminationMember": { "auth_ref": [ "r145" ], "lang": { "en-US": { "role": { "documentation": "Eliminating entries used in operating segment consolidation.", "label": "Intersegment Eliminations [Member]", "terseLabel": "Eliminating Entries [Member]" } } }, "localname": "IntersegmentEliminationMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_InventoryAdjustments": { "auth_ref": [ "r45", "r169" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of inventory reserves for last-in first-out (LIFO) and other inventory valuation methods.", "label": "Inventory Adjustments", "terseLabel": "Inventory adjustments NRV" } } }, "localname": "InventoryAdjustments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryCurrentTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about inventory expected to be sold or consumed within one year or operating cycle, if longer.", "label": "Inventory, Current [Table]", "terseLabel": "Inventory, Current [Table]" } } }, "localname": "InventoryCurrentTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_InventoryDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Inventory Disclosure [Abstract]" } } }, "localname": "InventoryDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_InventoryDisclosureTextBlock": { "auth_ref": [ "r171" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.", "label": "Inventory Disclosure [Text Block]", "terseLabel": "Inventory and land held for sale" } } }, "localname": "InventoryDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSale" ], "xbrltype": "textBlockItemType" }, "us-gaap_InventoryHomesUnderConstruction": { "auth_ref": [ "r44" ], "calculation": { "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails": { "order": 1.0, "parentTag": "us-gaap_InventoryOperativeBuilders", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of capitalized construction costs of homes for future sale.", "label": "Inventory, Homes under Construction", "verboseLabel": "Homes under construction" } } }, "localname": "InventoryHomesUnderConstruction", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleMajorComponentsOfInventoryDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryInterestCapitalizationPolicy": { "auth_ref": [ "r94", "r391" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for (i) capitalizing to inventory the interest costs incurred on land development, home construction, and building construction projects, (ii) charging such capitalized costs against earnings, including identification of the line item captions reflecting such expense (typically cost of sales), and (iii) allocating such costs to projects.", "label": "Inventory, Interest Capitalization Policy [Policy Text Block]", "terseLabel": "Inventory, Interest Capitalization Policy" } } }, "localname": "InventoryInterestCapitalizationPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_InventoryLandHeldForDevelopmentAndSale": { "auth_ref": [ "r44" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount net of impairment reserves as of the balance sheet date primarily consisting of deposits for land purchases (including option payments), related acquisition costs, and land which is not expected to be developed in the next two years.", "label": "Inventory, Land Held for Development and Sale", "terseLabel": "Carrying value of land parcels", "verboseLabel": "Fair Value of Communities Impaired, Net of Impairment Charges" } } }, "localname": "InventoryLandHeldForDevelopmentAndSale", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Inventory [Line Items]", "terseLabel": "Inventory [Line Items]" } } }, "localname": "InventoryLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_InventoryOperativeBuilders": { "auth_ref": [ "r44" ], "calculation": { "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 2.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The net carrying amount as of the balance sheet date of the sum of the various components of an operative builder's inventory, including finished homes. Operative builders primarily consist of entities that develop land, construct residential homes and commercial and industrial buildings thereon, and sell them to home buyers and operators of the commercial and industrial properties.", "label": "Inventory, Operative Builders", "terseLabel": "House and land inventory", "totalLabel": "House and land inventory" } } }, "localname": "InventoryOperativeBuilders", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleMajorComponentsOfInventoryDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryPolicyTextBlock": { "auth_ref": [ "r4", "r45", "r94", "r123", "r169", "r170" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.", "label": "Inventory, Policy [Policy Text Block]", "terseLabel": "Inventory and Cost of Revenues Policy" } } }, "localname": "InventoryPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_InventoryRealEstateHeldForSale": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleLandHeldForSaleDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 3.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Represents properties which were acquired directly or through foreclosure for which a committed plan to sell exists and an active program to market such properties has been initiated.", "label": "Inventory, Real Estate, Held-for-sale", "terseLabel": "Land held for sale", "totalLabel": "Land held for sale, net" } } }, "localname": "InventoryRealEstateHeldForSale", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleLandHeldForSaleDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts": { "auth_ref": [ "r44" ], "calculation": { "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails": { "order": 3.0, "parentTag": "us-gaap_InventoryOperativeBuilders", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date, net of valuation allowances and impairment losses, of costs of land expected to be developed in the near term plus capitalized costs of development, for purposes of selling completed units to home buyers or commercial or industrial entities..", "label": "Inventory, Real Estate, Land and Land Development Costs", "terseLabel": "Raw land" } } }, "localname": "InventoryRealEstateLandAndLandDevelopmentCosts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleMajorComponentsOfInventoryDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InventoryRealEstateMortgageLoansHeldInInventory": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Represents mortgage loans held in inventory primarily for sale to others (third parties, businesses, legal entities) in the ordinary course of business.", "label": "Inventory, Real Estate, Mortgage Loans Held in Inventory", "verboseLabel": "Residential mortgage loans available-for-sale aggregate outstanding principal balance" } } }, "localname": "InventoryRealEstateMortgageLoansHeldInInventory", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures": { "auth_ref": [ "r25" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 8.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in equity method investee and investment in and advance to affiliate.", "label": "Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures", "terseLabel": "Investments in subsidiaries and intercompany accounts, net" } } }, "localname": "InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LandAvailableForDevelopment": { "auth_ref": [ "r452" ], "calculation": { "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails": { "order": 2.0, "parentTag": "us-gaap_InventoryOperativeBuilders", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount of land available for development.", "label": "Land Available for Development", "terseLabel": "Land under development" } } }, "localname": "LandAvailableForDevelopment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleMajorComponentsOfInventoryDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LandMember": { "auth_ref": [ "r253" ], "lang": { "en-US": { "role": { "documentation": "Part of earth's surface not covered by water.", "label": "Land [Member]", "terseLabel": "Land [Member]" } } }, "localname": "LandMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LandUnderOptionArrangementsPolicy": { "auth_ref": [ "r94", "r467" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for including or excluding land under option arrangements in financial reports, which may include a discussion of options on land owned by variable interest entities, and timing and manner in which related impairment losses are determined and recognized.", "label": "Land under Option Arrangements, Policy [Policy Text Block]", "terseLabel": "Land Option Agreements Policy" } } }, "localname": "LandUnderOptionArrangementsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_LeaseAndRentalExpense": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.", "label": "Operating Leases, Rent Expense", "terseLabel": "Operating lease rent expense" } } }, "localname": "LeaseAndRentalExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LegalCostsPolicyTextBlock": { "auth_ref": [ "r93", "r94", "r215" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for legal costs incurred to protect or defend the entity's assets and rights, or to obtain assets, including monetary damages, or to obtain rights.", "label": "Legal Costs, Policy [Policy Text Block]", "verboseLabel": "Legal Reserves Policy" } } }, "localname": "LegalCostsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_LettersOfCreditOutstandingAmount": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.", "label": "Letters of Credit Outstanding, Amount", "terseLabel": "Letters of credit outstanding, amount" } } }, "localname": "LettersOfCreditOutstandingAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Liabilities": { "auth_ref": [ "r34" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.", "label": "Liabilities", "totalLabel": "Total liabilities" } } }, "localname": "Liabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities [Abstract]", "terseLabel": "Liabilities:" } } }, "localname": "LiabilitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesAndStockholdersEquity": { "auth_ref": [ "r22", "r424", "r450" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.", "label": "Liabilities and Equity", "totalLabel": "Total liabilities and shareholders' equity" } } }, "localname": "LiabilitiesAndStockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities and Equity [Abstract]", "terseLabel": "LIABILITIES AND SHAREHOLDERS\u2019 EQUITY" } } }, "localname": "LiabilitiesAndStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesFairValueDisclosure": { "auth_ref": [ "r375" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value of financial and nonfinancial obligations.", "label": "Financial and Nonfinancial Liabilities, Fair Value Disclosure", "terseLabel": "Financial and Nonfinancial Liabilities, Fair Value Disclosure" } } }, "localname": "LiabilitiesFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCredit": { "auth_ref": [ "r11", "r423", "r442" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.", "label": "Long-term Line of Credit", "terseLabel": "Financial Services debt" } } }, "localname": "LineOfCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityExpirationDate1": { "auth_ref": [ "r31" ], "lang": { "en-US": { "role": { "documentation": "Date the credit facility terminates, in CCYY-MM-DD format.", "label": "Line of Credit Facility, Expiration Date", "terseLabel": "Line of Credit Facility, Expiration Date" } } }, "localname": "LineOfCreditFacilityExpirationDate1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "dateItemType" }, "us-gaap_LineOfCreditFacilityInitiationDate1": { "auth_ref": [ "r31" ], "lang": { "en-US": { "role": { "documentation": "Date the credit facility first became available, in CCYY-MM-DD format.", "label": "Line of Credit Facility, Initiation Date", "terseLabel": "Line of Credit Facility, Initiation Date" } } }, "localname": "LineOfCreditFacilityInitiationDate1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "dateItemType" }, "us-gaap_LineOfCreditFacilityLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Line of Credit Facility [Line Items]", "terseLabel": "Line of Credit Facility [Line Items]" } } }, "localname": "LineOfCreditFacilityLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": { "auth_ref": [ "r31" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.", "label": "Line of Credit Facility, Maximum Borrowing Capacity", "terseLabel": "Available credit lines", "verboseLabel": "Maximum borrowing capacity" } } }, "localname": "LineOfCreditFacilityMaximumBorrowingCapacity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity": { "auth_ref": [ "r31" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).", "label": "Line of Credit Facility, Remaining Borrowing Capacity", "terseLabel": "Unused credit lines" } } }, "localname": "LineOfCreditFacilityRemainingBorrowingCapacity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LineOfCreditFacilityTable": { "auth_ref": [ "r31", "r98" ], "lang": { "en-US": { "role": { "documentation": "A table or schedule providing information pertaining to short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.", "label": "Line of Credit Facility [Table]", "terseLabel": "Line of Credit Facility [Table]" } } }, "localname": "LineOfCreditFacilityTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LineOfCreditMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time, and under which borrowings outstanding may be either short-term or long-term, depending upon the particulars.", "label": "Line of Credit [Member]", "terseLabel": "Repurchase Agreement [Member]" } } }, "localname": "LineOfCreditMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LinesOfCreditCurrent": { "auth_ref": [ "r9", "r419" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.", "label": "Line of Credit, Current", "terseLabel": "Line of Credit, Current" } } }, "localname": "LinesOfCreditCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LinesOfCreditFairValueDisclosure": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time.", "label": "Lines of Credit, Fair Value Disclosure", "terseLabel": "Financial Services debt, fair value" } } }, "localname": "LinesOfCreditFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LitigationSettlementExpense": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees.", "label": "Litigation Settlement, Expense", "terseLabel": "Charges related to contractual dispute", "verboseLabel": "Litigation Settlement, Expense" } } }, "localname": "LitigationSettlementExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LoanPurchaseCommitmentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commitment to purchase loans from a third party.", "label": "Loan Purchase Commitments [Member]", "terseLabel": "Whole Loan Commitments [Member]" } } }, "localname": "LoanPurchaseCommitmentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LoansHeldForSaleFairValueDisclosure": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 4.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables.", "label": "Loans Held-for-sale, Fair Value Disclosure", "terseLabel": "Residential mortgage loans available-for-sale" } } }, "localname": "LoansHeldForSaleFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LoansReceivableNet": { "auth_ref": [ "r430" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes loans held for sale. Excludes loans and leases covered under loss sharing agreements.", "label": "Loans Receivable, Net", "terseLabel": "Loans held for investment, net" } } }, "localname": "LoansReceivableNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Represents the assets held for sale.", "label": "Long Lived Assets Held-for-sale by Asset Type [Axis]", "terseLabel": "Long Lived Assets Held-for-sale by Asset Type [Axis]" } } }, "localname": "LongLivedAssetsHeldForSaleByAssetTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LongLivedAssetsHeldForSaleNameDomain": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "A name of the assets to be disposed.", "label": "Long Lived Assets Held-for-sale, Name [Domain]", "terseLabel": "Long Lived Assets Held-for-sale, Name [Domain]" } } }, "localname": "LongLivedAssetsHeldForSaleNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LongtermDebtTypeAxis": { "auth_ref": [ "r38" ], "lang": { "en-US": { "role": { "documentation": "Information by type of long-term debt.", "label": "Long-term Debt, Type [Axis]", "terseLabel": "Long-term Debt, Type [Axis]" } } }, "localname": "LongtermDebtTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LongtermDebtTypeDomain": { "auth_ref": [ "r38", "r227" ], "lang": { "en-US": { "role": { "documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer.", "label": "Long-term Debt, Type [Domain]", "terseLabel": "Long-term Debt, Type [Domain]" } } }, "localname": "LongtermDebtTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LossContingenciesByNatureOfContingencyAxis": { "auth_ref": [ "r206", "r207", "r208", "r210", "r211", "r212", "r214", "r217", "r218" ], "lang": { "en-US": { "role": { "documentation": "Information by type of existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur.", "label": "Loss Contingency Nature [Axis]", "terseLabel": "Loss Contingency Nature [Axis]" } } }, "localname": "LossContingenciesByNatureOfContingencyAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingenciesLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Loss Contingencies [Line Items]", "terseLabel": "Loss Contingencies [Line Items]" } } }, "localname": "LossContingenciesLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingenciesTable": { "auth_ref": [ "r206", "r207", "r208", "r210", "r211", "r212", "r214", "r217", "r218" ], "lang": { "en-US": { "role": { "documentation": "Discloses the specific components (such as the nature, name, and date) of the loss contingency and gives an estimate of the possible loss or range of loss, or states that a reasonable estimate cannot be made. Excludes environmental contingencies, warranties and unconditional purchase obligations.", "label": "Loss Contingencies [Table]", "terseLabel": "Loss Contingencies [Table]" } } }, "localname": "LossContingenciesTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingencyAccrualAtCarryingValue": { "auth_ref": [ "r206" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails": { "order": 2.0, "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of loss contingency liability.", "label": "Loss Contingency Accrual", "periodEndLabel": "Liabilities, end of period", "periodStartLabel": "Liabilities, beginning of period", "terseLabel": "Loan origination liabilities" } } }, "localname": "LossContingencyAccrualAtCarryingValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails", "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossContingencyAccrualPayments": { "auth_ref": [ "r206" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow reducing loss contingency liability.", "label": "Loss Contingency Accrual, Payments", "negatedTerseLabel": "Payments" } } }, "localname": "LossContingencyAccrualPayments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossContingencyAccrualProvision": { "auth_ref": [ "r206" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount charged against operating income increasing loss contingency liability, after adjustments to reduce previously estimated charges.", "label": "Loss Contingency Accrual, Provision", "negatedLabel": "Reserves provided (released), net", "terseLabel": "Reserves provided" } } }, "localname": "LossContingencyAccrualProvision", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossContingencyAccrualRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Loss Contingency Accrual [Roll Forward]", "terseLabel": "Changes in loan origination liability [Roll Forward]" } } }, "localname": "LossContingencyAccrualRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToAnticipatedLoanLossesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingencyDamagesSoughtValue": { "auth_ref": [ "r206", "r209", "r213" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The value (monetary amount) of the award the plaintiff seeks in the legal matter.", "label": "Loss Contingency, Damages Sought, Value", "terseLabel": "Damages sought, value" } } }, "localname": "LossContingencyDamagesSoughtValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LossContingencyNatureDomain": { "auth_ref": [ "r206", "r207", "r208", "r210", "r211", "r212", "r214", "r217", "r218" ], "lang": { "en-US": { "role": { "documentation": "An existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur. Resolution of the uncertainty may confirm the incurrence of a loss or impairment of an asset or the incurrence of a liability.", "label": "Loss Contingency, Nature [Domain]", "terseLabel": "Loss Contingency, Nature [Domain]" } } }, "localname": "LossContingencyNatureDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LossContingencyPendingClaimsNumber": { "auth_ref": [ "r209" ], "lang": { "en-US": { "role": { "documentation": "Number of pending claims pertaining to a loss contingency.", "label": "Loss Contingency, Pending Claims, Number", "terseLabel": "Loss Contingency, Pending Claims, Number" } } }, "localname": "LossContingencyPendingClaimsNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails" ], "xbrltype": "integerItemType" }, "us-gaap_MarketableSecuritiesPolicy": { "auth_ref": [ "r436" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for investment classified as marketable security.", "label": "Marketable Securities, Policy [Policy Text Block]", "terseLabel": "Residential Mortgage Loans Available for Sale Policy" } } }, "localname": "MarketableSecuritiesPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_MaximumLengthOfTimeHedgedInCashFlowHedge1": { "auth_ref": [ "r373" ], "lang": { "en-US": { "role": { "documentation": "Maximum length of time over which the entity is hedging its exposure to the variability in future cash flows for forecasted transactions, excluding those forecasted transactions related to the payment of variable interest on existing financial instruments, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Maximum Length of Time Hedged in Cash Flow Hedge", "terseLabel": "Variability in future cash flows of derivative instruments in days" } } }, "localname": "MaximumLengthOfTimeHedgedInCashFlowHedge1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_MeasurementInputDiscountRateMember": { "auth_ref": [ "r378" ], "lang": { "en-US": { "role": { "documentation": "Measurement input using interest rate to determine present value of future cash flows.", "label": "Measurement Input, Discount Rate [Member]", "terseLabel": "Discount Rate" } } }, "localname": "MeasurementInputDiscountRateMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_MeasurementInputTypeAxis": { "auth_ref": [ "r378" ], "lang": { "en-US": { "role": { "documentation": "Information by type of measurement input used to determine value of asset and liability.", "label": "Measurement Input Type [Axis]", "terseLabel": "Measurement Input Type [Axis]" } } }, "localname": "MeasurementInputTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_MeasurementInputTypeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Measurement input used to determine value of asset and liability.", "label": "Measurement Input Type [Domain]", "terseLabel": "Measurement Input Type [Domain]" } } }, "localname": "MeasurementInputTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_MovementInStandardAndExtendedProductWarrantyIncreaseDecreaseRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]", "terseLabel": "Changes to warranty liabilities [Roll Forward]" } } }, "localname": "MovementInStandardAndExtendedProductWarrantyIncreaseDecreaseRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NatureOfExpenseAxis": { "auth_ref": [ "r124" ], "lang": { "en-US": { "role": { "documentation": "Information by type of cost or expense.", "label": "Nature of Expense [Axis]", "terseLabel": "Nature of Expense [Axis]" } } }, "localname": "NatureOfExpenseAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "auth_ref": [ "r83" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.", "label": "Net Cash Provided by (Used in) Financing Activities", "totalLabel": "Net cash provided by (used in) financing activities" } } }, "localname": "NetCashProvidedByUsedInFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]", "verboseLabel": "Cash flows from financing activities:" } } }, "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "auth_ref": [ "r83" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.", "label": "Net Cash Provided by (Used in) Investing Activities", "totalLabel": "Net cash used in investing activities" } } }, "localname": "NetCashProvidedByUsedInInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]", "terseLabel": "Cash flows from investing activities:" } } }, "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "auth_ref": [ "r83", "r85", "r88" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.", "label": "Net Cash Provided by (Used in) Operating Activities", "totalLabel": "Net cash provided by operating activities", "verboseLabel": "Net cash provided by (used in) operating activities" } } }, "localname": "NetCashProvidedByUsedInOperatingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Cash flows from operating activities:" } } }, "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetIncomeLoss": { "auth_ref": [ "r53", "r56", "r62", "r88", "r120", "r432", "r459" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": 2.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": 1.0 }, "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.", "label": "Net Income (Loss) Attributable to Parent", "terseLabel": "Net income", "totalLabel": "Net income" } } }, "localname": "NetIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic": { "auth_ref": [ "r106", "r109" ], "calculation": { "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.", "label": "Net Income (Loss) Available to Common Stockholders, Basic", "totalLabel": "Numerator for basic earnings per share" } } }, "localname": "NetIncomeLossAvailableToCommonStockholdersBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted": { "auth_ref": [ "r109", "r110" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.", "label": "Net Income (Loss) Available to Common Stockholders, Diluted", "terseLabel": "Numerator for diluted earnings per share" } } }, "localname": "NetIncomeLossAvailableToCommonStockholdersDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.", "label": "New Accounting Pronouncements, Policy [Policy Text Block]", "terseLabel": "New Accounting Pronouncements Policy" } } }, "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_NotesPayable": { "auth_ref": [ "r11", "r423", "r447" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 6.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.", "label": "Notes Payable", "terseLabel": "Notes payable" } } }, "localname": "NotesPayable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresNarrativeDetailsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NotesPayableFairValueDisclosure": { "auth_ref": [ "r33" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of notes payable.", "label": "Notes Payable, Fair Value Disclosure", "terseLabel": "Notes Payable, Fair Value Disclosure" } } }, "localname": "NotesPayableFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NotesReceivableNet": { "auth_ref": [ "r42" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 2.0, "parentTag": "us-gaap_AccountsAndNotesReceivableNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Net amount of the investment in a contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include, but are not limited to, credit card receivables, notes receivable and receivables relating to lessor's rights to payments from leases other than operating leases that have been recorded as assets. Excludes trade accounts receivable with contractual maturity of one year or less and arose from the sale of goods or services.", "label": "Financing Receivable, Net", "terseLabel": "Notes receivable" } } }, "localname": "NotesReceivableNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NumberOfReportableSegments": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements.", "label": "Number of Reportable Segments", "terseLabel": "Number of reportable segments" } } }, "localname": "NumberOfReportableSegments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails" ], "xbrltype": "integerItemType" }, "us-gaap_NumberOfUnitsInRealEstateProperty": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The number of units in a real estate property owned as of the balance sheet date.", "label": "Number of Units in Real Estate Property", "terseLabel": "Number of Units in Real Estate Property" } } }, "localname": "NumberOfUnitsInRealEstateProperty", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "integerItemType" }, "us-gaap_OperatingLeaseRightOfUseAsset": { "auth_ref": [ "r403" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's right to use underlying asset under operating lease.", "label": "Operating Lease, Right-of-Use Asset", "terseLabel": "Operating Lease, Liability" } } }, "localname": "OperatingLeaseRightOfUseAsset", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDue": { "auth_ref": [ "r399", "r400" ], "calculation": { "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.", "label": "Operating Leases, Future Minimum Payments Due", "totalLabel": "Future minimum lease payments - Total" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]", "terseLabel": "Years Ending December 31," } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent": { "auth_ref": [ "r399", "r400" ], "calculation": { "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails": { "order": 1.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments Due, Next Twelve Months", "terseLabel": "Future minimum lease payments - 2019" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears": { "auth_ref": [ "r399", "r400" ], "calculation": { "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails": { "order": 5.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Five Years", "terseLabel": "Future minimum lease payments - 2023" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInFiveYears", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears": { "auth_ref": [ "r399", "r400" ], "calculation": { "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails": { "order": 4.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Four Years", "terseLabel": "Future minimum lease payments - 2022" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInFourYears", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears": { "auth_ref": [ "r399", "r400" ], "calculation": { "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails": { "order": 3.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Three Years", "terseLabel": "Future minimum lease payments - 2021" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInThreeYears", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears": { "auth_ref": [ "r399", "r400" ], "calculation": { "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails": { "order": 2.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due in Two Years", "terseLabel": "Future minimum lease payments - 2020" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueInTwoYears", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter": { "auth_ref": [ "r399", "r400" ], "calculation": { "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails": { "order": 6.0, "parentTag": "us-gaap_OperatingLeasesFutureMinimumPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.", "label": "Operating Leases, Future Minimum Payments, Due Thereafter", "terseLabel": "Future minimum lease payments - Thereafter" } } }, "localname": "OperatingLeasesFutureMinimumPaymentsDueThereafter", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesCommitmentsAndContingenciesFutureMinimumOperatingLeasePaymentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherAssets": { "auth_ref": [ "r8", "r417", "r443" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails": { "order": 6.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of assets classified as other.", "label": "Other Assets", "terseLabel": "Other assets", "totalLabel": "Other Assets" } } }, "localname": "OtherAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherAssetsMiscellaneous": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 6.0, "parentTag": "us-gaap_OtherAssets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of other miscellaneous assets.", "label": "Other Assets, Miscellaneous", "terseLabel": "Other" } } }, "localname": "OtherAssetsMiscellaneous", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax": { "auth_ref": [ "r47" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": 1.0, "parentTag": "us-gaap_OtherComprehensiveIncomeLossNetOfTax", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).", "label": "Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax", "terseLabel": "Change in value of derivatives" } } }, "localname": "OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossNetOfTax": { "auth_ref": [ "r54", "r57", "r59", "r236" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": 1.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax and reclassification adjustments of other comprehensive income (loss).", "label": "Other Comprehensive Income (Loss), Net of Tax", "terseLabel": "Other comprehensive income", "totalLabel": "Other comprehensive income", "verboseLabel": "Other comprehensive income (loss)" } } }, "localname": "OtherComprehensiveIncomeLossNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Other Comprehensive Income (Loss), Net of Tax [Abstract]", "terseLabel": "Other comprehensive income, net of tax:" } } }, "localname": "OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "stringItemType" }, "us-gaap_OtherNoncashIncomeExpense": { "auth_ref": [ "r88" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other.", "label": "Other Noncash Income (Expense)", "negatedLabel": "Other, net" } } }, "localname": "OtherNoncashIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNonoperatingExpense": { "auth_ref": [ "r71" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expense related to nonoperating activities, classified as other.", "label": "Other Nonoperating Expense", "negatedTerseLabel": "Miscellaneous, net" } } }, "localname": "OtherNonoperatingExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNonoperatingIncomeExpense": { "auth_ref": [ "r71" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 3.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 3.0, "parentTag": "phm_IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (expense) related to nonoperating activities, classified as other.", "label": "Other Nonoperating Income (Expense)", "negatedLabel": "Other expense, net", "terseLabel": "Other expense, net" } } }, "localname": "OtherNonoperatingIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNotesPayable": { "auth_ref": [ "r11", "r423", "r447" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of long-term notes payable classified as other.", "label": "Other Notes Payable", "terseLabel": "Other Notes Payable" } } }, "localname": "OtherNotesPayable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails", "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherReceivables": { "auth_ref": [ "r46" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 3.0, "parentTag": "us-gaap_AccountsAndNotesReceivableNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount due from parties in nontrade transactions, classified as other.", "label": "Other Receivables", "terseLabel": "Other receivables" } } }, "localname": "OtherReceivables", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherSundryLiabilities": { "auth_ref": [ "r10", "r12", "r422", "r446" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails": { "order": 6.0, "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The aggregate carrying amount, as of the balance sheets date, of obligations not otherwise itemized or categorized in the footnotes to the financial statements.", "label": "Other Sundry Liabilities", "terseLabel": "Other" } } }, "localname": "OtherSundryLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic": { "auth_ref": [ "r115" ], "calculation": { "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of earnings (loss) distributed and earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method.", "label": "Participating Securities, Distributed and Undistributed Earnings (Loss), Basic", "negatedTerseLabel": "Less: earnings distributed to participating securities" } } }, "localname": "ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForLossesAndLossAdjustmentExpense": { "auth_ref": [ "r84", "r462" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, after effects of reinsurance, of payments to settle insured claims and pay costs incurred in the claims settlement process.", "label": "Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid", "negatedTerseLabel": "Payments" } } }, "localname": "PaymentsForLossesAndLossAdjustmentExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForProceedsFromOtherInvestingActivities": { "auth_ref": [ "r72", "r75", "r103" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash (inflow) outflow from investing activities classified as other.", "label": "Payments for (Proceeds from) Other Investing Activities", "negatedTerseLabel": "Other investing activities, net" } } }, "localname": "PaymentsForProceedsFromOtherInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForRepurchaseOfCommonStock": { "auth_ref": [ "r79" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to reacquire common stock during the period.", "label": "Payments for Repurchase of Common Stock", "negatedLabel": "Share repurchases", "terseLabel": "Stock repurchases" } } }, "localname": "PaymentsForRepurchaseOfCommonStock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfDebtIssuanceCosts": { "auth_ref": [ "r81" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.", "label": "Payments of Debt Issuance Costs", "negatedTerseLabel": "Payments of Debt Issuance Costs" } } }, "localname": "PaymentsOfDebtIssuanceCosts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfDividends": { "auth_ref": [ "r79" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.", "label": "Payments of Dividends", "negatedTerseLabel": "Dividends paid" } } }, "localname": "PaymentsOfDividends", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireBusinessesGross": { "auth_ref": [ "r73", "r355" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price.", "label": "Payments to Acquire Businesses, Gross", "negatedTerseLabel": "Cash used for business acquisition" } } }, "localname": "PaymentsToAcquireBusinessesGross", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireEquityMethodInvestments": { "auth_ref": [ "r73" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.", "label": "Payments to Acquire Equity Method Investments", "negatedTerseLabel": "Investment in unconsolidated subsidiaries" } } }, "localname": "PaymentsToAcquireEquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates": { "auth_ref": [ "r73" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity).", "label": "Payments to Acquire Interest in Subsidiaries and Affiliates", "negatedTerseLabel": "Payments to Acquire Interest in Subsidiaries and Affiliates" } } }, "localname": "PaymentsToAcquireInterestInSubsidiariesAndAffiliates", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquirePropertyPlantAndEquipment": { "auth_ref": [ "r74" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.", "label": "Payments to Acquire Property, Plant, and Equipment", "negatedLabel": "Capital expenditures" } } }, "localname": "PaymentsToAcquirePropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PlanNameAxis": { "auth_ref": [ "r263", "r290" ], "lang": { "en-US": { "role": { "documentation": "Information by plan name pertaining to equity-based compensation arrangements.", "label": "Plan Name [Axis]", "terseLabel": "Plan Name [Axis]" } } }, "localname": "PlanNameAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PlanNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the equity-based compensation arrangement plan.", "label": "Plan Name [Domain]", "terseLabel": "Plan Name [Domain]" } } }, "localname": "PlanNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PostemploymentBenefitPlansPolicy": { "auth_ref": [ "r94", "r255" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for postemployment benefits. Postemployment benefits are benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement, except for: a) benefits provided through a pension or postretirement benefit plan, b) individual deferred compensation arrangements, c) special or contractual termination benefits, and d) stock compensation plans.", "label": "Postemployment Benefit Plans, Policy [Policy Text Block]", "terseLabel": "Employee Benefits Policy" } } }, "localname": "PostemploymentBenefitPlansPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_PreferredStockParOrStatedValuePerShare": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.", "label": "Preferred Stock, Par or Stated Value Per Share", "terseLabel": "Preferred stock, par value (usd per share)" } } }, "localname": "PreferredStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "perShareItemType" }, "us-gaap_PreferredStockSharesAuthorized": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.", "label": "Preferred Stock, Shares Authorized", "terseLabel": "Preferred stock, shares authorized" } } }, "localname": "PreferredStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_PreferredStockSharesIssued": { "auth_ref": [ "r15" ], "lang": { "en-US": { "role": { "documentation": "Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.", "label": "Preferred Stock, Shares Issued", "terseLabel": "Preferred stock, shares issued" } } }, "localname": "PreferredStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheetsParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_PreferredStockValue": { "auth_ref": [ "r15" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 1.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Preferred Stock, Value, Issued", "terseLabel": "Preferred shares, $0.01 par value; 25,000,000 shares authorized, none issued" } } }, "localname": "PreferredStockValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_PrepaidExpenseCurrentAndNoncurrent": { "auth_ref": [ "r426", "r453" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 2.0, "parentTag": "us-gaap_OtherAssets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs.", "label": "Prepaid Expense", "terseLabel": "Prepaid expenses" } } }, "localname": "PrepaidExpenseCurrentAndNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PriorPeriodReclassificationAdjustmentDescription": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for reclassifications that affects the comparability of the financial statements.", "label": "Reclassification, Policy [Policy Text Block]", "terseLabel": "Reclassification, Policy [Policy Text Block]" } } }, "localname": "PriorPeriodReclassificationAdjustmentDescription", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_ProFormaMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Financial information that is based on fully or partially assumed figures or facts. For example, but not limited to, pro forma disclosure of a change in accounting principle of what earnings would have been if the new principle had been applied. Excludes forecasts.", "label": "Pro Forma [Member]", "terseLabel": "Pro Forma [Member]" } } }, "localname": "ProFormaMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ProceedsFromContributionsFromParent": { "auth_ref": [ "r78" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from parent as a source of financing that is recorded as additional paid in capital.", "label": "Proceeds from Contributions from Parent", "terseLabel": "Intercompany activities, net" } } }, "localname": "ProceedsFromContributionsFromParent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromIssuanceOfCommonStock": { "auth_ref": [ "r76" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from the additional capital contribution to the entity.", "label": "Proceeds from Issuance of Common Stock", "terseLabel": "Stock option exercises" } } }, "localname": "ProceedsFromIssuanceOfCommonStock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromIssuanceOfLongTermDebt": { "auth_ref": [ "r77" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer.", "label": "Proceeds from Issuance of Long-term Debt", "terseLabel": "Proceeds from debt, net of issuance costs" } } }, "localname": "ProceedsFromIssuanceOfLongTermDebt", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromLinesOfCredit": { "auth_ref": [ "r77", "r99" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.", "label": "Proceeds from Lines of Credit", "terseLabel": "Borrowings under revolving credit facility" } } }, "localname": "ProceedsFromLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromRepaymentsOfLinesOfCredit": { "auth_ref": [ "r103" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).", "label": "Proceeds from (Repayments of) Lines of Credit", "terseLabel": "Financial Services borrowings (repayments), net" } } }, "localname": "ProceedsFromRepaymentsOfLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProductWarrantyAccrualPreexistingIncreaseDecrease": { "auth_ref": [ "r222" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in the standard and extended product warranty accrual from changes in estimates attributable to preexisting product warranties.", "label": "Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties", "terseLabel": "Other adjustments" } } }, "localname": "ProductWarrantyAccrualPreexistingIncreaseDecrease", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProductWarrantyExpense": { "auth_ref": [ "r86", "r221" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The expense charged against earnings for the period pertaining to standard and extended warranties on the entity's goods and services granted to customers.", "label": "Product Warranty Expense", "terseLabel": "Product Warranty Expense" } } }, "localname": "ProductWarrantyExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProductionRelatedImpairmentsOrCharges": { "auth_ref": [ "r66" ], "calculation": { "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Nonrecurring impairment charges related to the write-off of production-related equipment and inventory. This tag is used when an Entity charges this cost to cost of goods sold.", "label": "Production Related Impairments or Charges", "terseLabel": "Total land-related charges", "totalLabel": "Total land-related charges" } } }, "localname": "ProductionRelatedImpairmentsOrCharges", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentByTypeAxis": { "auth_ref": [ "r27", "r192" ], "lang": { "en-US": { "role": { "documentation": "Information by type of long-lived, physical assets used to produce goods and services and not intended for resale.", "label": "Property, Plant and Equipment, Type [Axis]" } } }, "localname": "PropertyPlantAndEquipmentByTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentNet": { "auth_ref": [ "r6", "r7", "r192", "r451" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 4.0, "parentTag": "us-gaap_OtherAssets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.", "label": "Property, Plant and Equipment, Net", "verboseLabel": "Property and equipment, net" } } }, "localname": "PropertyPlantAndEquipmentNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentPolicyTextBlock": { "auth_ref": [ "r26", "r94", "r192" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.", "label": "Property, Plant and Equipment, Policy [Policy Text Block]", "terseLabel": "Property and Equipment, Net and Depreciation Policy" } } }, "localname": "PropertyPlantAndEquipmentPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_PropertyPlantAndEquipmentTypeDomain": { "auth_ref": [ "r6", "r190" ], "lang": { "en-US": { "role": { "documentation": "Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.", "label": "Property, Plant and Equipment, Type [Domain]" } } }, "localname": "PropertyPlantAndEquipmentTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PropertyPlantAndEquipmentUsefulLife": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.", "label": "Property, Plant and Equipment, Useful Life", "terseLabel": "Property and equipment, useful life" } } }, "localname": "PropertyPlantAndEquipmentUsefulLife", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_PublicUtilitiesInventoryAxis": { "auth_ref": [ "r204" ], "lang": { "en-US": { "role": { "documentation": "Information by type of inventory held.", "label": "Inventory [Axis]", "terseLabel": "Inventory [Axis]" } } }, "localname": "PublicUtilitiesInventoryAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PublicUtilitiesInventoryTypeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tangible personal property that is held for sale in the ordinary course of business, in process of production for such sale or is to be currently consumed in the production of goods or services to be available for sale.", "label": "Inventory [Domain]", "terseLabel": "Inventory [Domain]" } } }, "localname": "PublicUtilitiesInventoryTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleNarrativeDetails", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleQuantitativeInformationForFairValueOfImpairmentChargesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PurchaseOptionsLand": { "auth_ref": [], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails": { "order": 3.0, "parentTag": "us-gaap_OtherAssets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount of an option or options to acquire real property.", "label": "Purchase Options, Land", "terseLabel": "Deposits and Pre-acquisition Costs", "verboseLabel": "Deposits and pre-acquisition Costs" } } }, "localname": "PurchaseOptionsLand", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherAssetsDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_QuarterlyFinancialDataAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Quarterly Financial Data [Abstract]", "terseLabel": "Year" } } }, "localname": "QuarterlyFinancialDataAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails" ], "xbrltype": "stringItemType" }, "us-gaap_QuarterlyFinancialInformationDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Quarterly Financial Information Disclosure [Abstract]" } } }, "localname": "QuarterlyFinancialInformationDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_QuarterlyFinancialInformationTextBlock": { "auth_ref": [ "r126" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.", "label": "Quarterly Financial Information [Text Block]", "terseLabel": "Quarterly results (unaudited)" } } }, "localname": "QuarterlyFinancialInformationTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnaudited" ], "xbrltype": "textBlockItemType" }, "us-gaap_RealEstateHeldForDevelopmentAndSalePolicy": { "auth_ref": [ "r94", "r468" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for real estate held for development or sale.", "label": "Real Estate Held for Development and Sale, Policy [Policy Text Block]", "terseLabel": "Land Held for Sale Policy" } } }, "localname": "RealEstateHeldForDevelopmentAndSalePolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_RealEstateInventoryCapitalizedInterestCosts": { "auth_ref": [ "r393" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory.", "label": "Real Estate Inventory, Capitalized Interest Costs", "periodEndLabel": "Interest in inventory, end of period", "periodStartLabel": "Interest in inventory, beginning of period" } } }, "localname": "RealEstateInventoryCapitalizedInterestCosts", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1": { "auth_ref": [ "r394" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of interest cost charged to cost of sales that had been previously capitalized to inventory.", "label": "Real Estate Inventory, Capitalized Interest Costs, Cost of Sales", "negatedLabel": "Interest expensed" } } }, "localname": "RealEstateInventoryCapitalizedInterestCostsCostOfSales1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred": { "auth_ref": [ "r393" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of interest capitalized to an operative builder's inventory during the period.", "label": "Real Estate Inventory, Capitalized Interest Costs Incurred", "terseLabel": "Interest capitalized" } } }, "localname": "RealEstateInventoryCapitalizedInterestCostsIncurred", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RealEstateInventoryCapitalizedInterestCostsRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Real Estate Inventory, Capitalized Interest Costs [Roll Forward]", "terseLabel": "Real Estate Inventory, Capitalized Interest Costs [Roll Forward]" } } }, "localname": "RealEstateInventoryCapitalizedInterestCostsRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInformationRelatedToInterestCapitalizedIntoHomebuildingInventoryDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RealEstatePropertiesAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by ownership of the property.", "label": "Real Estate Property Ownership [Axis]", "terseLabel": "Real Estate Property Ownership [Axis]" } } }, "localname": "RealEstatePropertiesAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RealEstatePropertiesDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Represents categories of ownership of real estate properties.", "label": "Real Estate Properties [Domain]", "terseLabel": "Real Estate Properties [Domain]" } } }, "localname": "RealEstatePropertiesDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock": { "auth_ref": [ "r144", "r146" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.", "label": "Reconciliation of Assets from Segment to Consolidated [Table Text Block]", "terseLabel": "Total Assets And Inventory By Reporting Segment" } } }, "localname": "ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock": { "auth_ref": [ "r143", "r146" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.", "label": "Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]", "terseLabel": "Operating Data By Reporting Segment" } } }, "localname": "ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]", "terseLabel": "Reconciliation of the change in unrecognized tax benefits [Roll Forward]" } } }, "localname": "ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RepaymentsOfDebt": { "auth_ref": [ "r80" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations.", "label": "Repayments of Debt", "terseLabel": "Term loan" } } }, "localname": "RepaymentsOfDebt", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RepaymentsOfLinesOfCredit": { "auth_ref": [ "r80", "r99" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.", "label": "Repayments of Lines of Credit", "negatedTerseLabel": "Repayments under revolving credit facility" } } }, "localname": "RepaymentsOfLinesOfCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RepaymentsOfLongTermDebt": { "auth_ref": [ "r80" ], "calculation": { "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.", "label": "Repayments of Long-term Debt", "negatedTerseLabel": "Repayments of debt", "terseLabel": "Repayments of Long-term Debt" } } }, "localname": "RepaymentsOfLongTermDebt", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ResidentialMortgageMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Loan to purchase or refinance residential real estate for example, but not limited to, a home, in which the real estate itself serves as collateral for the loan.", "label": "Residential Mortgage [Member]", "terseLabel": "Residential Mortgage [Member]" } } }, "localname": "ResidentialMortgageMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RestrictedCashAndCashEquivalents": { "auth_ref": [ "r5", "r89", "r92", "r416", "r448" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Restricted Cash and Cash Equivalents", "terseLabel": "Restricted cash", "verboseLabel": "Restricted Cash and Cash Equivalents" } } }, "localname": "RestrictedCashAndCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RestrictedStockMember": { "auth_ref": [ "r119" ], "lang": { "en-US": { "role": { "documentation": "Stock including a provision that prohibits sale or substantive sale of an equity instrument for a specified period of time or until specified performance conditions are met.", "label": "Restricted Stock [Member]", "terseLabel": "Restricted stock [Member]" } } }, "localname": "RestrictedStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RestrictedStockUnitsRSUMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share instrument which is convertible to stock or an equivalent amount of cash, after a specified period of time or when specified performance conditions are met.", "label": "Restricted Stock Units (RSUs) [Member]", "terseLabel": "Restricted Stock Units (RSUs) [Member]" } } }, "localname": "RestrictedStockUnitsRSUMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RestructuringAndRelatedCostIncurredCost": { "auth_ref": [ "r198", "r199", "r201", "r203" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost.", "label": "Restructuring and Related Cost, Incurred Cost", "terseLabel": "Costs associated with the relocation of corporate headquarters" } } }, "localname": "RestructuringAndRelatedCostIncurredCost", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RestructuringPlanAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by individual restructuring plan.", "label": "Restructuring Plan [Axis]", "terseLabel": "Restructuring Plan [Axis]" } } }, "localname": "RestructuringPlanAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RestructuringPlanDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Identification of the individual restructuring plans.", "label": "Restructuring Plan [Domain]", "terseLabel": "Restructuring Plan [Domain]" } } }, "localname": "RestructuringPlanDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "auth_ref": [ "r19", "r243", "r449" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 5.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings (Accumulated Deficit)", "terseLabel": "Retained earnings" } } }, "localname": "RetainedEarningsAccumulatedDeficit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "monetaryItemType" }, "us-gaap_RetainedEarningsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings [Member]", "terseLabel": "Retained Earnings [Member]" } } }, "localname": "RetainedEarningsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax": { "auth_ref": [ "r249", "r250", "r251" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_Revenues", "weight": 1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 1.0, "parentTag": "phm_IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.", "label": "Revenue from Contract with Customer, Excluding Assessed Tax", "terseLabel": "Revenue from Contract with Customer, Excluding Assessed Tax" } } }, "localname": "RevenueFromContractWithCustomerExcludingAssessedTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RevenueRecognitionIncentives": { "auth_ref": [ "r94" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for sales incentives.", "label": "Revenue Recognition, Incentives [Policy Text Block]", "terseLabel": "Sales Incentives Policy" } } }, "localname": "RevenueRecognitionIncentives", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_RevenueRecognitionInterest": { "auth_ref": [ "r94" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for recognition of interest revenue. Disclosure may include the method of recognizing interest income on loan and trade receivables, the method of amortizing premiums or accreting discounts, and a statement about the policy for the treatment of related fees and costs, including the method of amortizing net deferred fees and costs.", "label": "Revenue Recognition, Interest [Policy Text Block]", "terseLabel": "Interest Income on Mortgage Loans Policy" } } }, "localname": "RevenueRecognitionInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_RevenueRecognitionPolicyTextBlock": { "auth_ref": [ "r93", "r94", "r95" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.", "label": "Revenue Recognition, Policy [Policy Text Block]", "terseLabel": "Homebuilding Revenue Recognition Policy" } } }, "localname": "RevenueRecognitionPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_Revenues": { "auth_ref": [ "r65", "r135", "r136", "r147" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 4.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).", "label": "Revenues", "terseLabel": "Consolidated revenues", "totalLabel": "Total revenues" } } }, "localname": "Revenues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RevenuesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Revenues [Abstract]", "terseLabel": "Revenues:" } } }, "localname": "RevenuesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RevolvingCreditFacilityMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount.", "label": "Revolving Credit Facility [Member]", "terseLabel": "Revolving Credit Facility [Member]" } } }, "localname": "RevolvingCreditFacilityMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ScenarioUnspecifiedDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Any scenario, that is, the particular reporting scenario is left unspecified. Scenarios distinguish among different kinds of business reporting facts, as for example actual versus budgeted figures.", "label": "Scenario, Unspecified [Domain]", "terseLabel": "Scenario, Unspecified [Domain]" } } }, "localname": "ScenarioUnspecifiedDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the components of accrued liabilities.", "label": "Schedule of Accrued Liabilities [Table Text Block]", "terseLabel": "Schedule of Accrued and Other Liabilities" } } }, "localname": "ScheduleOfAccruedLiabilitiesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock": { "auth_ref": [ "r288" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.", "label": "Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]", "terseLabel": "Stock Compensation Expense by Plan Type" } } }, "localname": "ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock": { "auth_ref": [ "r340" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.", "label": "Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]", "terseLabel": "Components of Income Tax Expense (Benefit)" } } }, "localname": "ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfDebtInstrumentsTextBlock": { "auth_ref": [ "r38", "r98", "r237", "r240", "r241", "r242", "r395", "r396", "r398", "r438" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.", "label": "Schedule of Long-term Debt Instruments [Table Text Block]", "terseLabel": "Schedule of Senior Notes" } } }, "localname": "ScheduleOfDebtInstrumentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock": { "auth_ref": [ "r333" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.", "label": "Schedule of Deferred Tax Assets and Liabilities [Table Text Block]", "terseLabel": "Deferred Tax Assets and Liabilities" } } }, "localname": "ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock": { "auth_ref": [ "r370" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.", "label": "Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]", "terseLabel": "Schedule of Derivative Instruments in Statement of Financial Position, Fair Value" } } }, "localname": "ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock": { "auth_ref": [ "r69", "r111", "r112", "r113", "r118", "r122" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.", "label": "Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]", "terseLabel": "Schedule of Earnings Per Share of Common Stock" } } }, "localname": "ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock": { "auth_ref": [ "r315" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.", "label": "Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]", "terseLabel": "Effective Income Tax Rate Reconciliation" } } }, "localname": "ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEquityMethodInvestmentsLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Schedule of Equity Method Investments [Line Items]", "terseLabel": "Schedule of Equity Method Investments [Line Items]" } } }, "localname": "ScheduleOfEquityMethodInvestmentsLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfEquityMethodInvestmentsTable": { "auth_ref": [ "r165" ], "lang": { "en-US": { "role": { "documentation": "Summarization of information required and determined to be disclosed concerning equity method investments in common stock. The summarized information includes: (a) the name of each investee or group of investees for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.", "label": "Schedule of Equity Method Investments [Table]", "terseLabel": "Schedule of Equity Method Investments [Table]" } } }, "localname": "ScheduleOfEquityMethodInvestmentsTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock": { "auth_ref": [ "r374" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).", "label": "Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]", "terseLabel": "Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis" } } }, "localname": "ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable": { "auth_ref": [ "r386", "r387" ], "lang": { "en-US": { "role": { "documentation": "Schedule detailing the information required and determined to be disclosed regarding the fair value of financial assets and financial liabilities, which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.", "label": "Schedule of Fair Value, Off-balance Sheet Risks [Table]" } } }, "localname": "ScheduleOfFairValueOffBalanceSheetRisksTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock": { "auth_ref": [ "r401" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.", "label": "Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]", "terseLabel": "Schedule of Future Minimum Rental Payments for Operating Leases" } } }, "localname": "ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfOtherAssetsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.", "label": "Schedule of Other Assets [Table Text Block]", "terseLabel": "Schedule of Other Assets" } } }, "localname": "ScheduleOfOtherAssetsTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.", "label": "Schedule of Other Nonoperating Income (Expense) [Table Text Block]", "terseLabel": "Schedule of Other Expense (Income), Net" } } }, "localname": "ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock": { "auth_ref": [ "r225" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.", "label": "Schedule of Product Warranty Liability [Table Text Block]", "terseLabel": "Summary of Changes in Warranty Liability" } } }, "localname": "ScheduleOfProductWarrantyLiabilityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock": { "auth_ref": [ "r125" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data.", "label": "Quarterly Financial Information [Table Text Block]", "terseLabel": "Schedule of Quarterly Financial Information" } } }, "localname": "ScheduleOfQuarterlyFinancialInformationTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable": { "auth_ref": [ "r134", "r140", "r142", "r145", "r177" ], "lang": { "en-US": { "role": { "documentation": "A table disclosing the profit or loss and total assets for each reportable segment of the entity. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.", "label": "Schedule of Segment Reporting Information, by Segment [Table]", "terseLabel": "Schedule of Segment Reporting Information, by Segment [Table]" } } }, "localname": "ScheduleOfSegmentReportingInformationBySegmentTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock": { "auth_ref": [ "r275", "r281", "r284" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure for share-based compensation plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.", "label": "Share-based Compensation, Activity [Table Text Block]", "terseLabel": "Restricted Stock, RSUs, and Performance Shares Activity Rollforward" } } }, "localname": "ScheduleOfShareBasedCompensationActivityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable": { "auth_ref": [ "r263", "r290" ], "lang": { "en-US": { "role": { "documentation": "Components of an equity-based arrangement under which compensation is awarded to employees, typically comprised of compensation expense; changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan; and cash flow effects resulting from the equity-based payment arrangement. Component disclosures are by type of award and plan name.", "label": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]", "terseLabel": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]" } } }, "localname": "ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable": { "auth_ref": [ "r290" ], "lang": { "en-US": { "role": { "documentation": "Details comprising a table providing supplementary information on outstanding and exercisable share awards as of the balance sheet date which stratifies outstanding options by ranges of exercise prices.", "label": "Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table]", "terseLabel": "Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table]" } } }, "localname": "ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock": { "auth_ref": [ "r290" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.", "label": "Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]", "terseLabel": "Stock Options Weighted-average Remaining Contractual Lives" } } }, "localname": "ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock": { "auth_ref": [ "r267", "r281", "r284" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.", "label": "Share-based Compensation, Stock Options, Activity [Table Text Block]", "terseLabel": "Stock Option Activity Rollforward" } } }, "localname": "ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShortTermDebtTextBlock": { "auth_ref": [ "r32" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.", "label": "Schedule of Short-term Debt [Table Text Block]", "terseLabel": "Schedule of Financial Services available credit lines" } } }, "localname": "ScheduleOfShortTermDebtTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfStockByClassTable": { "auth_ref": [ "r40", "r97", "r233", "r234", "r235", "r237", "r238", "r239", "r240", "r241", "r242", "r243" ], "lang": { "en-US": { "role": { "documentation": "Schedule detailing information related to equity by class of stock. Class of stock includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. It also includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity.", "label": "Schedule of Stock by Class [Table]", "terseLabel": "Schedule of Stock by Class [Table]" } } }, "localname": "ScheduleOfStockByClassTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfVariableInterestEntitiesTable": { "auth_ref": [ "r359", "r360", "r361", "r362", "r363" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of qualitative and quantitative information related to variable interests the entity holds, whether or not such variable interest entity (VIE) is included in the reporting entity's consolidated financial statements. Includes, but is not limited to, description of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a tabular comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.", "label": "Schedule of Variable Interest Entities [Table]" } } }, "localname": "ScheduleOfVariableInterestEntitiesTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SegmentDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.", "label": "Segments [Domain]", "terseLabel": "Reporting Segment [Domain]", "verboseLabel": "Segments [Domain]" } } }, "localname": "SegmentDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SegmentReportingAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Segment Reporting [Abstract]" } } }, "localname": "SegmentReportingAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_SegmentReportingDisclosureTextBlock": { "auth_ref": [ "r151" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.", "label": "Segment Reporting Disclosure [Text Block]", "terseLabel": "Segment information" } } }, "localname": "SegmentReportingDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformation" ], "xbrltype": "textBlockItemType" }, "us-gaap_SegmentReportingInformationIncomeLossBeforeIncomeTaxesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]", "terseLabel": "Income (loss) before income taxes:" } } }, "localname": "SegmentReportingInformationIncomeLossBeforeIncomeTaxesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SegmentReportingInformationLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Segment Reporting Information [Line Items]", "terseLabel": "Segment Reporting Information" } } }, "localname": "SegmentReportingInformationLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SelectedQuarterlyFinancialInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Selected Quarterly Financial Information [Abstract]", "terseLabel": "Consolidated results:" } } }, "localname": "SelectedQuarterlyFinancialInformationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SelfInsuranceReserve": { "auth_ref": [ "r39" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails": { "order": 1.0, "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying amount (including both current and noncurrent portions) of accrued known and estimated losses incurred as of the balance sheet date for which no insurance coverage exists, and for which a claim has been made or is probable of being asserted, typically arising from workmen's compensation-type of incidents and personal injury to nonemployees from accidents on the entity's property.", "label": "Self Insurance Reserve", "periodEndLabel": "Balance, end of period", "periodStartLabel": "Balance, beginning of period", "terseLabel": "Self-insurance liabilities" } } }, "localname": "SelfInsuranceReserve", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesInSelfInsuranceLiabilityDetails", "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SellingGeneralAndAdministrativeExpense": { "auth_ref": [ "r70", "r168" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "weight": -1.0 }, "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails": { "order": 2.0, "parentTag": "phm_IncomeLossBeforeIncomeTaxesAndEquityInIncomeLossOfSubsidiaries", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.", "label": "Selling, General and Administrative Expense", "negatedTerseLabel": "Selling, general, and administrative expenses" } } }, "localname": "SellingGeneralAndAdministrativeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SeniorNotes": { "auth_ref": [ "r429", "r457" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders.", "label": "Senior Notes", "terseLabel": "Notes payable", "verboseLabel": "Senior note carrying value" } } }, "localname": "SeniorNotes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_SeniorNotesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Bond that takes priority over other debt securities sold by the issuer. In the event the issuer goes bankrupt, senior debt holders receive priority for (must receive) repayment prior to (relative to) junior and unsecured (general) creditors.", "label": "Senior Notes [Member]", "terseLabel": "Senior Notes [Member]" } } }, "localname": "SeniorNotesMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensation": { "auth_ref": [ "r86" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.", "label": "Share-based Compensation", "terseLabel": "Share-based compensation expense" } } }, "localname": "ShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows", "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Share-based Compensation [Abstract]" } } }, "localname": "ShareBasedCompensationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1": { "auth_ref": [ "r264" ], "lang": { "en-US": { "role": { "documentation": "Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period", "terseLabel": "Share-based compensation vesting period" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "durationItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod": { "auth_ref": [ "r273" ], "lang": { "en-US": { "role": { "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period", "negatedTerseLabel": "Forfeited" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue": { "auth_ref": [ "r279" ], "lang": { "en-US": { "role": { "documentation": "Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value", "terseLabel": "Forfeited, weighted-average per share grant date fair value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod": { "auth_ref": [ "r277" ], "lang": { "en-US": { "role": { "documentation": "The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period", "verboseLabel": "Granted" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r277" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Granted, weighted-average per share grant date fair value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber": { "auth_ref": [ "r276" ], "lang": { "en-US": { "role": { "documentation": "The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number", "periodEndLabel": "Outstanding, end of year", "periodStartLabel": "Outstanding, beginning of year" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue": { "auth_ref": [ "r276" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value", "periodEndLabel": "Outstanding, end of year, weighted-average per share grant date fair value", "periodStartLabel": "Outstanding, beginning of year, weighted-average per share grant date fair value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod": { "auth_ref": [ "r278" ], "lang": { "en-US": { "role": { "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period", "negatedTerseLabel": "Vested" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue": { "auth_ref": [ "r283" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value", "terseLabel": "Restricted stock shares vested during period, total fair value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r278" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Vested, weighted-average per share grant date fair value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]", "verboseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant": { "auth_ref": [ "r290" ], "lang": { "en-US": { "role": { "documentation": "The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant", "terseLabel": "Number of shares available for grant" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber": { "auth_ref": [ "r270" ], "lang": { "en-US": { "role": { "documentation": "The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number", "periodEndLabel": "Options exercisable at year end" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice": { "auth_ref": [ "r270" ], "lang": { "en-US": { "role": { "documentation": "The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price", "terseLabel": "Options exercisable at year end, weighted-average per share exercise price" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue": { "auth_ref": [ "r283" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value", "terseLabel": "Aggregate instrinsic value of stock options exercised" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod": { "auth_ref": [ "r274" ], "lang": { "en-US": { "role": { "documentation": "For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period", "negatedTerseLabel": "Forfeited" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice": { "auth_ref": [ "r274" ], "lang": { "en-US": { "role": { "documentation": "Weighted average price of options that were either forfeited or expired.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price", "terseLabel": "Forfeited, weighted-average per share exercise price" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod": { "auth_ref": [ "r271" ], "lang": { "en-US": { "role": { "documentation": "Net number of share options (or share units) granted during the period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures", "terseLabel": "Granted" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r282" ], "lang": { "en-US": { "role": { "documentation": "The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Weighted-average per share fair value of options granted during the year" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue": { "auth_ref": [ "r290" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value", "terseLabel": "Intrinsic value of outstanding stock options" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber": { "auth_ref": [ "r269", "r290" ], "lang": { "en-US": { "role": { "documentation": "Number of options outstanding, including both vested and non-vested options.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number", "periodEndLabel": "Outstanding, end of year", "periodStartLabel": "Outstanding, beginning of year" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]", "terseLabel": "Stock Option Activity [Roll Forward]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice": { "auth_ref": [ "r268" ], "lang": { "en-US": { "role": { "documentation": "Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price", "periodEndLabel": "Options outstanding, weighted-average per share exercise price, end of year", "periodStartLabel": "Outstanding, weighted-average per share exercise price, beginning of year" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": { "auth_ref": [ "r261", "r265" ], "lang": { "en-US": { "role": { "documentation": "Equity-based compensation award.", "label": "Equity Award [Domain]", "terseLabel": "Equity Award [Domain]" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansExpenseByPlanTypeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansNarrativeDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansRestrictedStockRsusAndPerformanceSharesActivityRollforwardDetails", "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighted average price at which option holders acquired shares when converting their stock options into shares.", "label": "Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price", "terseLabel": "Exercised, weighted-average per share exercise price" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.", "label": "Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price", "terseLabel": "Granted, weighted-average per share exercise price" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy": { "auth_ref": [ "r94", "r263", "r266" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.", "label": "Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]", "terseLabel": "Share-based Compensation Policy" } } }, "localname": "ShareBasedCompensationOptionAndIncentivePlansPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis": { "auth_ref": [ "r286" ], "lang": { "en-US": { "role": { "documentation": "Information by range of option prices pertaining to options granted.", "label": "Exercise Price Range [Axis]", "terseLabel": "Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Axis]" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "Supplementary information on outstanding and exercisable share awards as of the balance sheet date which stratifies outstanding options by ranges of exercise prices.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain]", "terseLabel": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Domain]" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]", "terseLabel": "Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "The floor of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit", "terseLabel": "Exercise price range, lower range limit" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions": { "auth_ref": [ "r280" ], "lang": { "en-US": { "role": { "documentation": "The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options", "terseLabel": "Options exercisable - number exercisable" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions": { "auth_ref": [ "r269" ], "lang": { "en-US": { "role": { "documentation": "The number of shares reserved for issuance pertaining to the outstanding stock options as of the balance sheet date for all option plans in the customized range of exercise prices.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options", "terseLabel": "Options outstanding - number outstanding" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit": { "auth_ref": [ "r287" ], "lang": { "en-US": { "role": { "documentation": "The ceiling of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit", "terseLabel": "Exercise price range, upper range limit" } } }, "localname": "ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareRepurchaseProgramAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by share repurchase program.", "label": "Share Repurchase Program [Axis]", "terseLabel": "Share Repurchase Program [Axis]" } } }, "localname": "ShareRepurchaseProgramAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareRepurchaseProgramDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the share repurchase program.", "label": "Share Repurchase Program [Domain]", "terseLabel": "Share Repurchase Program [Domain]" } } }, "localname": "ShareRepurchaseProgramDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1": { "auth_ref": [ "r270" ], "lang": { "en-US": { "role": { "documentation": "Weighted average exercise price as of the balance sheet date for those equity-based payment arrangements exercisable and outstanding.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price", "terseLabel": "Options exercisable - weighted average per share exercise price" } } }, "localname": "SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1": { "auth_ref": [ "r269" ], "lang": { "en-US": { "role": { "documentation": "The weighted average price as of the balance sheet date at which grantees could acquire the underlying shares with respect to all outstanding stock options which are in the customized range of exercise prices.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price", "terseLabel": "Options outstanding - weighted average per share exercise price" } } }, "localname": "SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2": { "auth_ref": [ "r285" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining contractual term of outstanding stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term", "terseLabel": "Weighted average remaining contractual term" } } }, "localname": "SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansWeightedAverageRemainingContractualLivesOfStockOptionsOutstandingDetails" ], "xbrltype": "durationItemType" }, "us-gaap_ShortTermDebtTypeAxis": { "auth_ref": [ "r32" ], "lang": { "en-US": { "role": { "documentation": "Information by type of short-term debt arrangement.", "label": "Short-term Debt, Type [Axis]", "terseLabel": "Short-term Debt, Type [Axis]" } } }, "localname": "ShortTermDebtTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShortTermDebtTypeDomain": { "auth_ref": [ "r29" ], "lang": { "en-US": { "role": { "documentation": "Type of short-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing.", "label": "Short-term Debt, Type [Domain]", "terseLabel": "Short-term Debt, Type [Domain]" } } }, "localname": "ShortTermDebtTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShortTermDebtWeightedAverageInterestRate": { "auth_ref": [ "r30" ], "lang": { "en-US": { "role": { "documentation": "Weighted average interest rate of short-term debt outstanding calculated at point in time.", "label": "Short-term Debt, Weighted Average Interest Rate, at Point in Time", "terseLabel": "Weighted-average interest rate" } } }, "localname": "ShortTermDebtWeightedAverageInterestRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails" ], "xbrltype": "percentItemType" }, "us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit": { "auth_ref": [ "r318" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of the unrecognized tax benefit of a position taken for which it is reasonably possible that the total amount thereof will significantly increase or decrease within twelve months of the balance sheet date.", "label": "Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit", "terseLabel": "Possible decrease in unrecognized tax benefits" } } }, "localname": "SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StandardProductWarrantyAccrual": { "auth_ref": [ "r224" ], "calculation": { "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails": { "order": 4.0, "parentTag": "us-gaap_AccruedLiabilitiesCurrentAndNoncurrent", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount as of the balance sheet date of the aggregate standard product warranty liability. Does not include the balance for the extended product warranty liability.", "label": "Standard Product Warranty Accrual", "periodEndLabel": "Warranty liabilities, end of period", "periodStartLabel": "Warranty liabilities, beginning of period", "terseLabel": "Warranty" } } }, "localname": "StandardProductWarrantyAccrual", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails", "http://www.pultegroupinc.com/role/OtherAssetsAndAccruedAndOtherLiabilitiesOtherLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StandardProductWarrantyAccrualPayments": { "auth_ref": [ "r219" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of decrease in the standard product warranty accrual from payments made in cash or in kind to satisfy claims under the terms of the standard product warranty. Excludes extended product warranties.", "label": "Standard Product Warranty Accrual, Decrease for Payments", "negatedTerseLabel": "Payments" } } }, "localname": "StandardProductWarrantyAccrualPayments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StandardProductWarrantyAccrualWarrantiesIssued": { "auth_ref": [ "r220" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in the standard product warranty accrual from warranties issued. Excludes extended product warranties.", "label": "Standard Product Warranty Accrual, Increase for Warranties Issued", "terseLabel": "Warranty reserves provided" } } }, "localname": "StandardProductWarrantyAccrualWarrantiesIssued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesChangesToWarrantyLiabilityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StateAndLocalJurisdictionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Designated tax department of a state or local government entitled to levy and collect income taxes from the entity.", "label": "State and Local Jurisdiction [Member]", "terseLabel": "State and Local Jurisdiction [Member]" } } }, "localname": "StateAndLocalJurisdictionMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_StatementBusinessSegmentsAxis": { "auth_ref": [ "r1", "r140", "r177", "r195", "r199", "r203", "r464" ], "lang": { "en-US": { "role": { "documentation": "Information by business segments.", "label": "Segments [Axis]", "terseLabel": "Business Segments [Axis]" } } }, "localname": "StatementBusinessSegmentsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/CommitmentsAndContingenciesNarrativeDetails", "http://www.pultegroupinc.com/role/DebtAggregateBorrowingInformationDetails", "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/InvestmentsInUnconsolidatedEntitiesNarrativeDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SegmentInformationDepreciationAndAmortizationDetails", "http://www.pultegroupinc.com/role/SegmentInformationEquityInEarningsLossOfUnconsolidatedEntitiesDetails", "http://www.pultegroupinc.com/role/SegmentInformationLandRelatedChargesBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationOperatingDataBySegmentDetails", "http://www.pultegroupinc.com/role/SegmentInformationTotalAssetsAndInventoryByReportableSegmentDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesOtherExpenseIncomeNetDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementEquityComponentsAxis": { "auth_ref": [ "r41", "r236" ], "lang": { "en-US": { "role": { "documentation": "Information by component of equity.", "label": "Equity Components [Axis]", "terseLabel": "Statement, Equity Components [Axis]" } } }, "localname": "StatementEquityComponentsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Statement [Line Items]", "terseLabel": "Statement [Line Items]" } } }, "localname": "StatementLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementOfCashFlowsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Cash Flows [Abstract]" } } }, "localname": "StatementOfCashFlowsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfFinancialPositionAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Financial Position [Abstract]" } } }, "localname": "StatementOfFinancialPositionAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Stockholders' Equity [Abstract]" } } }, "localname": "StatementOfStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementScenarioAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by scenario to be reported. Scenarios distinguish among different kinds of business reporting facts, as for example actual versus budgeted figures.", "label": "Scenario [Axis]", "terseLabel": "Scenario [Axis]" } } }, "localname": "StatementScenarioAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.", "label": "Statement [Table]", "terseLabel": "Statement [Table]" } } }, "localname": "StatementTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/InventoryAndLandHeldForSaleInventoryAndLandHeldForSaleLandRelatedChargesDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfCashFlowsDetails", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationStatementOfOperationsAndComprehensiveIncomeLossDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StockIssuedDuringPeriodSharesNewIssues": { "auth_ref": [ "r15", "r16", "r236", "r243" ], "lang": { "en-US": { "role": { "documentation": "Number of new stock issued during the period.", "label": "Stock Issued During Period, Shares, New Issues", "terseLabel": "Stock option exercises, shares" } } }, "localname": "StockIssuedDuringPeriodSharesNewIssues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures": { "auth_ref": [ "r15", "r16", "r236", "r243" ], "lang": { "en-US": { "role": { "documentation": "Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited.", "label": "Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures", "terseLabel": "Share issuances, net of cancellations, shares" } } }, "localname": "StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised": { "auth_ref": [ "r15", "r16", "r236", "r243", "r272" ], "lang": { "en-US": { "role": { "documentation": "Number of share options (or share units) exercised during the current period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period", "negatedTerseLabel": "Exercised" } } }, "localname": "StockIssuedDuringPeriodSharesStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/StockCompensationPlansStockOptionActivityRollforwardDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures": { "auth_ref": [ "r236", "r243" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of stock related to Restricted Stock Awards issued during the period, net of the stock value of such awards forfeited.", "label": "Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures", "terseLabel": "Share issuances, net of cancellations" } } }, "localname": "StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised": { "auth_ref": [ "r41", "r236", "r243" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of stock issued as a result of the exercise of stock options.", "label": "Stock Issued During Period, Value, Stock Options Exercised", "terseLabel": "Stock option exercises" } } }, "localname": "StockIssuedDuringPeriodValueStockOptionsExercised", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount remaining of a stock repurchase plan authorized.", "label": "Stock Repurchase Program, Remaining Authorized Repurchase Amount", "terseLabel": "Remaining value of stock repurchase programs authorization" } } }, "localname": "StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockRepurchasedDuringPeriodShares": { "auth_ref": [ "r15", "r16", "r236", "r243" ], "lang": { "en-US": { "role": { "documentation": "Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Shares", "negatedTerseLabel": "Share repurchases, shares", "terseLabel": "Shares repurchased under authorized repurchase programs" } } }, "localname": "StockRepurchasedDuringPeriodShares", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/ShareholdersEquityNarrativeDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_StockRepurchasedDuringPeriodValue": { "auth_ref": [ "r15", "r16", "r236", "r243" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Value", "negatedLabel": "Share repurchases" } } }, "localname": "StockRepurchasedDuringPeriodValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquity": { "auth_ref": [ "r16", "r20", "r21", "r159" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.", "label": "Stockholders' Equity Attributable to Parent", "periodEndLabel": "Shareholders' Equity", "periodStartLabel": "Shareholders' Equity", "totalLabel": "Total shareholders\u2019 equity" } } }, "localname": "StockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets", "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfShareholdersEquity", "http://www.pultegroupinc.com/role/SupplementalGuarantorInformationBalanceSheetDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Stockholders' Equity Attributable to Parent [Abstract]", "terseLabel": "Shareholders\u2019 equity:" } } }, "localname": "StockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedBalanceSheets" ], "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Stockholders' Equity Note [Abstract]" } } }, "localname": "StockholdersEquityNoteAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteDisclosureTextBlock": { "auth_ref": [ "r245" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.", "label": "Stockholders' Equity Note Disclosure [Text Block]", "verboseLabel": "Shareholders' equity" } } }, "localname": "StockholdersEquityNoteDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ShareholdersEquity" ], "xbrltype": "textBlockItemType" }, "us-gaap_SubsequentEventsPolicyPolicyTextBlock": { "auth_ref": [ "r94" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for reporting subsequent events.", "label": "Subsequent Events, Policy [Policy Text Block]", "terseLabel": "Subsequent Events Policy" } } }, "localname": "SubsequentEventsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_SummaryOfIncomeTaxContingenciesTextBlock": { "auth_ref": [ "r318", "r327", "r329" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.", "label": "Summary of Income Tax Contingencies [Table Text Block]", "terseLabel": "Summary of Income Tax Contingencies" } } }, "localname": "SummaryOfIncomeTaxContingenciesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_SupplementalCashFlowInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Supplemental Cash Flow Information [Abstract]", "terseLabel": "Supplemental Cash Flow Information:" } } }, "localname": "SupplementalCashFlowInformationAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_TaxPeriodAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information about the period subject to enacted tax laws.", "label": "Tax Period [Axis]", "terseLabel": "Tax Period [Axis]" } } }, "localname": "TaxPeriodAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "stringItemType" }, "us-gaap_TaxPeriodDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Identified tax period.", "label": "Tax Period [Domain]", "terseLabel": "Tax Period [Domain]" } } }, "localname": "TaxPeriodDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TransfersAndServicingOfFinancialAssetsPolicyTextBlock": { "auth_ref": [ "r94", "r161", "r404", "r409", "r410", "r411", "r412", "r414" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for transfers and servicing financial assets, including securitization transactions as well as repurchase and resale agreements. This disclosure may include how the entity (1) determines whether a transaction is accounted for as a sale; (2) accounts for a sale transaction, including the initial and subsequent accounting for any interests that the entity obtains or continues to hold in the transaction, how such interests are valued, and the significant assumptions used in the valuation; (3) accounts for a transaction that does not qualify for sale treatment (that is, a financing); and (4) accounts for its servicing assets and liabilities (\"servicing\"), including how such servicing is measured initially and subsequently, and the methodology and significant assumptions used to value such servicing.", "label": "Transfers and Servicing of Financial Assets, Policy [Policy Text Block]", "terseLabel": "Mortgage Servicing Rights Policy" } } }, "localname": "TransfersAndServicingOfFinancialAssetsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": { "auth_ref": [ "r413" ], "lang": { "en-US": { "role": { "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms.", "label": "Financial Instruments [Domain]", "terseLabel": "Financial Instruments [Domain]", "verboseLabel": "Fair Value, Off-balance Sheet Risks, Financial Instruments [Domain]" } } }, "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/FairValueDisclosuresFairValueDisclosuresDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesFairValueOfCompanysDerivativeInstrumentsDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TypeOfAdoptionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Adoption and early adoption of sources of change to generally accepted accounting principles (GAAP) in the United States. The FASB released the FASB Accounting Standards Codification as the authoritative source of literature effective for interim and annual periods ending after September 15, 2009. As part of the Codification process, the FASB issues Accounting Standards Updates to amend the Codification but otherwise the Accounting Standards Updates are not authoritative in their own right. All previous accounting standards (such as FASB Statements of Financial Accounting Standards, FASB Interpretations, FASB Staff Positions, Emerging Issues Task Force Consensuses, other pronouncements of the FASB or other designated bodies, or other forms of GAAP are considered accounting pronouncements) were superseded upon the adoption of the Codification. For an interim period, references to the superseded standards are included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.", "label": "Type of Adoption [Domain]", "terseLabel": "Type of Adoption [Domain]" } } }, "localname": "TypeOfAdoptionMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesNarrativeDetails" ], "xbrltype": "domainItemType" }, "us-gaap_UndistributedEarningsDiluted": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The earnings that is allocated to common stock and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Includes the adjustments resulting from the assumption that dilutive securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions.", "label": "Undistributed Earnings, Diluted", "negatedTerseLabel": "Less: undistributed earnings reallocated to participating securities" } } }, "localname": "UndistributedEarningsDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic": { "auth_ref": [ "r114" ], "calculation": { "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails": { "order": 3.0, "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method.", "label": "Undistributed Earnings (Loss) Allocated to Participating Securities, Basic", "negatedTerseLabel": "Less: undistributed earnings allocated to participating securities", "verboseLabel": "Add back: undistributed earnings allocated to participating securities" } } }, "localname": "UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnpaidPolicyClaimsAndClaimsAdjustmentExpensePolicy": { "auth_ref": [ "r440", "r461", "r463" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for estimating the ultimate cost of settling insurance claims relating to insured events that have occurred on or before a particular date (ordinarily, the statement of financial position date). The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claims adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.", "label": "Unpaid Policy Claims and Claims Adjustment Expense, Policy [Policy Text Block]", "terseLabel": "Self-insured Risks Policy" } } }, "localname": "UnpaidPolicyClaimsAndClaimsAdjustmentExpensePolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_UnrecognizedTaxBenefits": { "auth_ref": [ "r309", "r321" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of unrecognized tax benefits.", "label": "Unrecognized Tax Benefits", "periodEndLabel": "Unrecognized Tax Benefits, end of period", "periodStartLabel": "Unrecognized Tax Benefits, beginning of period", "verboseLabel": "Gross unrecognized tax benefits" } } }, "localname": "UnrecognizedTaxBenefits", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails", "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions": { "auth_ref": [ "r322" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of decrease in unrecognized tax benefits resulting from tax positions taken in prior period tax returns.", "label": "Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions", "negatedTerseLabel": "Decreases related to tax positions taken during a prior period" } } }, "localname": "UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities": { "auth_ref": [ "r324" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of decrease in unrecognized tax benefits resulting from settlements with taxing authorities.", "label": "Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities", "negatedTerseLabel": "Decreases related to settlements with taxing authorities" } } }, "localname": "UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued": { "auth_ref": [ "r317" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return.", "label": "Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued", "terseLabel": "Unrecognized tax benefits, income tax penalties and interest accrued" } } }, "localname": "UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions": { "auth_ref": [ "r323" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return.", "label": "Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions", "terseLabel": "Increases related to tax positions taken during the current period" } } }, "localname": "UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions": { "auth_ref": [ "r322" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns.", "label": "Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions", "terseLabel": "Increases related to tax positions taken during a prior period" } } }, "localname": "UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations": { "auth_ref": [ "r325" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of decrease in unrecognized tax benefits resulting from lapses of applicable statutes of limitations.", "label": "Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations", "negatedTerseLabel": "Reductions as a result of a lapse of the statute of limitations" } } }, "localname": "UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesReconciliationOfChangeInUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate": { "auth_ref": [ "r326" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate.", "label": "Unrecognized Tax Benefits that Would Impact Effective Tax Rate", "terseLabel": "Unrecognized Tax Benefits that Would Impact Effective Tax Rate" } } }, "localname": "UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnsecuredDebtMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Debt obligation not collateralized by pledge of, mortgage of or other lien on the entity's assets.", "label": "Unsecured Debt [Member]", "terseLabel": "Unsecured Letter Of Credit Facility [Member]" } } }, "localname": "UnsecuredDebtMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/DebtNarrativeDetails", "http://www.pultegroupinc.com/role/DebtSummaryOfCompanysSeniorNotesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_UseOfEstimates": { "auth_ref": [ "r127", "r128", "r129", "r130", "r131", "r132", "r133" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.", "label": "Use of Estimates, Policy [Policy Text Block]", "terseLabel": "Use of Estimates Policy" } } }, "localname": "UseOfEstimates", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesPolicy" ], "xbrltype": "textBlockItemType" }, "us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis": { "auth_ref": [ "r359", "r360", "r362" ], "lang": { "en-US": { "role": { "documentation": "Information by category of Variable Interest Entity (VIE).", "label": "Variable Interest Entities [Axis]", "terseLabel": "Variable Interest Entities by Classification of Entity [Axis]" } } }, "localname": "VariableInterestEntitiesByClassificationOfEntityAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesScheduleOfCompanysInterestsInLandOptionAgreementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment": { "auth_ref": [ "r118" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.", "label": "Weighted Average Number Diluted Shares Outstanding Adjustment", "terseLabel": "Effect of dilutive securities (shares)" } } }, "localname": "WeightedAverageNumberDilutedSharesOutstandingAdjustment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "auth_ref": [ "r110", "r118" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-US": { "role": { "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.", "label": "Weighted Average Number of Shares Outstanding, Diluted", "totalLabel": "Diluted shares outstanding (shares)" } } }, "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Weighted Average Number of Shares Outstanding, Diluted [Abstract]", "terseLabel": "Denominator:" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "stringItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "auth_ref": [ "r108", "r118" ], "calculation": { "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.", "label": "Weighted Average Number of Shares Outstanding, Basic", "terseLabel": "Basic shares outstanding (shares)" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.pultegroupinc.com/role/ConsolidatedStatementsOfOperations", "http://www.pultegroupinc.com/role/QuarterlyResultsUnauditedDetails", "http://www.pultegroupinc.com/role/SummaryOfSignificantAccountingPoliciesSummaryOfSignificantAccountingPoliciesEarningsPerShareDetails" ], "xbrltype": "sharesItemType" } }, "unitCount": 12 } }, "std_ref": { "r0": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755" }, "r1": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760" }, "r10": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(20))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r100": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h)(1)(i))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r101": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h)(2))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r102": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(n))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r103": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.12-04(a))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690" }, "r104": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "235", "URI": "http://asc.fasb.org/topic&trid=2122369" }, "r105": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794" }, "r106": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794" }, "r107": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794" }, "r108": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1448-109256" }, "r109": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1377-109256" }, "r11": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(22))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r110": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256" }, "r111": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256" }, "r112": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1278-109256" }, "r113": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1311-109256" }, "r114": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r115": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r116": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r117": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256" }, "r118": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r119": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r12": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(24))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r120": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r121": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257" }, "r122": { "Name": "Accounting Standards Codification", "Paragraph": "52", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258" }, "r123": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109236672&loc=d3e543-108305" }, "r124": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109236672&loc=d3e639-108305" }, "r125": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306" }, "r126": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "270", "URI": "http://asc.fasb.org/topic&trid=2126967" }, "r127": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r128": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r129": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592" }, "r13": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(26)(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r130": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592" }, "r131": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592" }, "r132": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592" }, "r133": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592" }, "r134": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599" }, "r135": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r136": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r137": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r138": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r139": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r14": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(26)(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r140": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r141": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599" }, "r142": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599" }, "r143": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599" }, "r144": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599" }, "r145": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599" }, "r146": { "Name": "Accounting Standards Codification", "Paragraph": "31", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599" }, "r147": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r148": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r149": { "Name": "Accounting Standards Codification", "Paragraph": "40", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599" }, "r15": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(28))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r150": { "Name": "Accounting Standards Codification", "Paragraph": "41", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599" }, "r151": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "280", "URI": "http://asc.fasb.org/topic&trid=2134510" }, "r152": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Topic": "305", "URI": "http://asc.fasb.org/extlink&oid=6375392&loc=d3e26790-107797" }, "r153": { "Name": "Accounting Standards Codification", "Paragraph": "11B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a,b)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524" }, "r154": { "Name": "Accounting Standards Codification", "Paragraph": "11B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524" }, "r155": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=84173941&loc=d3e5212-111524" }, "r156": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=84173941&loc=d3e5033-111524" }, "r157": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=84173941&loc=d3e5093-111524" }, "r158": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=84173941&loc=d3e5144-111524" }, "r159": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 4.E)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707" }, "r16": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(29))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r160": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=84159169&loc=d3e10133-111534" }, "r161": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=82894903&loc=d3e15029-111544" }, "r162": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570" }, "r163": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r164": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(2)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r165": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(b)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r166": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r167": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "323", "URI": "http://asc.fasb.org/topic&trid=2196965" }, "r168": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "30", "SubTopic": "10", "Topic": "330", "URI": "http://asc.fasb.org/extlink&oid=68048583&loc=d3e3636-108311" }, "r169": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "330", "URI": "http://asc.fasb.org/extlink&oid=66092785&loc=d3e4492-108314" }, "r17": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r170": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "330", "URI": "http://asc.fasb.org/extlink&oid=66092785&loc=d3e4556-108314" }, "r171": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "330", "URI": "http://asc.fasb.org/topic&trid=2126998" }, "r172": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "340", "URI": "http://asc.fasb.org/extlink&oid=84159346&loc=d3e8275-108329" }, "r173": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "340", "URI": "http://asc.fasb.org/extlink&oid=68054294&loc=d3e8384-108330" }, "r174": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Subparagraph": "(a)", "Topic": "340", "URI": "http://asc.fasb.org/extlink&oid=68051541&loc=SL49131252-203054" }, "r175": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=99380562&loc=d3e13770-109266" }, "r176": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=77989000&loc=SL49117168-202975" }, "r177": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267" }, "r178": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16212-109274" }, "r179": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274" }, "r18": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r180": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r181": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r182": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "((a)(1),(b))", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r183": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r184": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(1)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r185": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(2)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r186": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(3)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r187": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r188": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226348&loc=d3e2420-110228" }, "r189": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r19": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r190": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r191": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r192": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r193": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230" }, "r194": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r195": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r196": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230" }, "r197": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869" }, "r198": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)(1)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869" }, "r199": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869" }, "r2": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "205", "URI": "http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760" }, "r20": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r200": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.P.3)", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747" }, "r201": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.P.4(b)(1))", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747" }, "r202": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.P.4(b))", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747" }, "r203": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.P.4(d))", "Topic": "420", "URI": "http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747" }, "r204": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Topic": "440", "URI": "http://asc.fasb.org/extlink&oid=77904769&loc=SL2265659-115463" }, "r205": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "440", "URI": "http://asc.fasb.org/topic&trid=2144648" }, "r206": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14326-108349" }, "r207": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14615-108349" }, "r208": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14394-108349" }, "r209": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14435-108349" }, "r21": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(31))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r210": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14435-108349" }, "r211": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14453-108349" }, "r212": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14472-108349" }, "r213": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14557-108349" }, "r214": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14557-108349" }, "r215": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=27011672&loc=d3e149975-122751" }, "r216": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "450", "URI": "http://asc.fasb.org/topic&trid=2127136" }, "r217": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=115931803&loc=d3e12021-110248" }, "r218": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=115931803&loc=d3e12053-110248" }, "r219": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "((c)(2))", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r22": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(32))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r220": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "((c)(3))", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r221": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "((c)(3,4))", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r222": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "((c)(4))", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r223": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r224": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1),(c)(5)", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r225": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249" }, "r226": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=99376301&loc=d3e1243-112600" }, "r227": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=6802200&loc=SL6230698-112601" }, "r228": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-10(d)(4)(iii))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=115932134&loc=d3e168853-122756" }, "r229": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-10(d)(4)(iv))", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=115932134&loc=d3e168853-122756" }, "r23": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(8))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r230": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "40", "SubTopic": "50", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=114001942&loc=d3e12317-112629" }, "r231": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "40", "SubTopic": "50", "Topic": "470", "URI": "http://asc.fasb.org/extlink&oid=114001942&loc=d3e12355-112629" }, "r232": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "470", "URI": "http://asc.fasb.org/topic&trid=2208564" }, "r233": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(CFRR 211.02)", "Topic": "480", "URI": "http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764" }, "r234": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643" }, "r235": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644" }, "r236": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644" }, "r237": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644" }, "r238": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644" }, "r239": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644" }, "r24": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.1)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r240": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644" }, "r241": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644" }, "r242": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644" }, "r243": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-04)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770" }, "r244": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "50", "Topic": "505", "URI": "http://asc.fasb.org/subtopic&trid=2208855" }, "r245": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "505", "URI": "http://asc.fasb.org/topic&trid=2208762" }, "r246": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=82913815&loc=SL49130531-203044" }, "r247": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=82913815&loc=SL49130532-203044" }, "r248": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=82913815&loc=SL49130533-203044" }, "r249": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130539-203045" }, "r25": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.12)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r250": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130543-203045" }, "r251": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045" }, "r252": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130549-203045" }, "r253": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=108792157&loc=SL49130690-203046-203046" }, "r254": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=108792157&loc=SL49130690-203046-203046" }, "r255": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "712", "URI": "http://asc.fasb.org/extlink&oid=6410195&loc=d3e80090-111668" }, "r256": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(ii)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r257": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(iv)(01)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r258": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=112275985&loc=d3e4179-114921" }, "r259": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "70", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942" }, "r26": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.13(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r260": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "35", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=79507207&loc=d3e4534-113899" }, "r261": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r262": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r263": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r264": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r265": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a),(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r266": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b),(f)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r267": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r268": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r269": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(i)-(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r27": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.14)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r270": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r271": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r272": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r273": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r274": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(3)-(4)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r275": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r276": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(i)-(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r277": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r278": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r279": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r28": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.17)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r280": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(iii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r281": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r282": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r283": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)(2)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r284": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r285": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r286": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r287": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r288": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r289": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r29": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r290": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r291": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79507997-165333" }, "r292": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79507997-165333" }, "r293": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79508013-165333" }, "r294": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79508013-165333" }, "r295": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79508029-165333" }, "r296": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79508029-165333" }, "r297": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79508043-165333" }, "r298": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79508043-165333" }, "r299": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79508057-165333" }, "r3": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765" }, "r30": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r300": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109253770&loc=SL79508057-165333" }, "r301": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109196918&loc=d3e11149-113907" }, "r302": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109196918&loc=d3e11178-113907" }, "r303": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "718", "URI": "http://asc.fasb.org/topic&trid=2228938" }, "r304": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "35", "Subparagraph": "(a)", "Topic": "720", "URI": "http://asc.fasb.org/extlink&oid=6420018&loc=d3e36677-107848" }, "r305": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "35", "Subparagraph": "(b)", "Topic": "720", "URI": "http://asc.fasb.org/extlink&oid=6420018&loc=d3e36677-107848" }, "r306": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=115928272&loc=d3e28680-109314" }, "r307": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=115928272&loc=d3e28680-109314" }, "r308": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=115928272&loc=d3e28680-109314" }, "r309": { "Name": "Accounting Standards Codification", "Paragraph": "10B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=SL37586934-109318" }, "r31": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(b),22(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r310": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e32247-109318" }, "r311": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e32280-109318" }, "r312": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31917-109318" }, "r313": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31931-109318" }, "r314": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31958-109318" }, "r315": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319" }, "r316": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32698-109319" }, "r317": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r318": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r319": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r32": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r320": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r321": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r322": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r323": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(2)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r324": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(3)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r325": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(4)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r326": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r327": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r328": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319" }, "r329": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319" }, "r33": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19,20,22)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r330": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r331": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r332": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r333": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r334": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32847-109319" }, "r335": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319" }, "r336": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32621-109319" }, "r337": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32632-109319" }, "r338": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r339": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r34": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19-26)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r340": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r341": { "Name": "Accounting Standards Codification", "Paragraph": "217", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320" }, "r342": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB TOPIC 6.I)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=34349781&loc=d3e330036-122817" }, "r343": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 6.I.7)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=34349781&loc=d3e330036-122817" }, "r344": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324" }, "r345": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "30", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=65884525&loc=d3e40913-109327" }, "r346": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "740", "URI": "http://asc.fasb.org/topic&trid=2144680" }, "r347": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Subparagraph": "(a)-(d)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=6909625&loc=d3e227-128457" }, "r348": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463" }, "r349": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463" }, "r35": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.20)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r350": { "Name": "Accounting Standards Codification", "Paragraph": "37", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=108330185&loc=d3e2207-128464" }, "r351": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472" }, "r352": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "30", "SubTopic": "30", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=109124213&loc=d3e6578-128477" }, "r353": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "30", "SubTopic": "30", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=109124213&loc=d3e6613-128477" }, "r354": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479" }, "r355": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)(1)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479" }, "r356": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683" }, "r357": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684" }, "r358": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c),(3)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r359": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5710-111685" }, "r36": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r360": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5728-111685" }, "r361": { "Name": "Accounting Standards Codification", "Paragraph": "5A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=SL6759159-111685" }, "r362": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5747-111685" }, "r363": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=SL6228884-111685" }, "r364": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-02)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355033-122828" }, "r365": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-03)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355100-122828" }, "r366": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959" }, "r367": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959" }, "r368": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959" }, "r369": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959" }, "r37": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22(a)(2))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r370": { "Name": "Accounting Standards Codification", "Paragraph": "4B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959" }, "r371": { "Name": "Accounting Standards Codification", "Paragraph": "4D", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624177-113959" }, "r372": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41675-113959" }, "r373": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(d)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=112277219&loc=d3e80748-113994" }, "r374": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258" }, "r375": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r376": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r377": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bb)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r378": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bbb)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r379": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r38": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.22)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r380": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r381": { "Name": "Accounting Standards Codification", "Paragraph": "2C", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=SL7498348-110258" }, "r382": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258" }, "r383": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "60", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260" }, "r384": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "820", "URI": "http://asc.fasb.org/topic&trid=2155941" }, "r385": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13279-108611" }, "r386": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13433-108611" }, "r387": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611" }, "r388": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612" }, "r389": { "Name": "Accounting Standards Codification", "Paragraph": "30", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612" }, "r39": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.24)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r390": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "230", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906" }, "r391": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "15", "SubTopic": "20", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=6450852&loc=d3e24871-108386" }, "r392": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391" }, "r393": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391" }, "r394": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391" }, "r395": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399" }, "r396": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399" }, "r397": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399" }, "r398": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "55", "SubTopic": "30", "Topic": "835", "URI": "http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400" }, "r399": { "Name": "Accounting Standards Codification", "Paragraph": "40", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(Note 3)", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697" }, "r4": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766" }, "r40": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.28,29)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r400": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717" }, "r401": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717" }, "r402": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=113997351&loc=SL77916155-209984" }, "r403": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977" }, "r404": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109221007&loc=SL6226439-111709" }, "r405": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r406": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(1)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r407": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(2)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r408": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(3)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r409": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107314-111719" }, "r41": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29-31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r410": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729" }, "r411": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "50", "Subparagraph": "(a)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=68078379&loc=d3e122596-111746" }, "r412": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "50", "Subparagraph": "(a)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746" }, "r413": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "50", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746" }, "r414": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "50", "Subparagraph": "(a)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=68078379&loc=d3e122739-111746" }, "r415": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "340", "Topic": "928", "URI": "http://asc.fasb.org/extlink&oid=6473545&loc=d3e61844-108004" }, "r416": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(1)(a))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r417": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(10))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r418": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(11))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r419": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(13))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r42": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.3)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r420": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(15)(1))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r421": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(15)(2))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r422": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(15))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r423": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(16))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r424": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r425": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(7))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r426": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.10)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r427": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15(1),(5))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r428": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15(5))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r429": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.16)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r43": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.3-4)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r430": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.7(a))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r431": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(13)(f))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r432": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r433": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r434": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04.9)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r435": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "235", "Subparagraph": "(SX 210.9-06)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884" }, "r436": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "320", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75019621&loc=d3e62652-112803" }, "r437": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "405", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6957935&loc=d3e64057-112817" }, "r438": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "470", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823" }, "r439": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r44": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.6(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r440": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(13)(b))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r441": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(15)(b)(2))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r442": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(16))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r443": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r444": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(12))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r445": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(15)(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r446": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(15))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r447": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(16))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r448": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(2))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r449": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r45": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.6(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r450": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(25))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r451": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(8))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r452": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.(a),1(d))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r453": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.10)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r454": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r455": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r456": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.15a)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r457": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.16(a))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r458": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r459": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(18))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r46": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.8)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r460": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(19))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r461": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99382578&loc=d3e14754-158437" }, "r462": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Subparagraph": "(c)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99382578&loc=d3e14764-158437" }, "r463": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99382578&loc=d3e14784-158437" }, "r464": { "Name": "Accounting Standards Codification", "Paragraph": "4H", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99384497&loc=SL65671331-158438" }, "r465": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "310", "Subparagraph": "(SX 210.12-29(Footnote 4))", "Topic": "948", "URI": "http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014" }, "r466": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "740", "Topic": "954", "URI": "http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650" }, "r467": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "340", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=6496773&loc=d3e29133-110298" }, "r468": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "35", "SubTopic": "360", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=6496927&loc=d3e30448-110314" }, "r469": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "360", "Subparagraph": "(SX 210.12-28(Footnote 2))", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024" }, "r47": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r470": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "360", "Subparagraph": "(SX 210.12-28(Footnote 4))", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024" }, "r471": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r472": { "Article": "12", "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "13", "Sentence": "Column B" }, "r473": { "Footnote": "2", "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "12", "Subsection": "28" }, "r474": { "Footnote": "4", "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "12", "Subsection": "28" }, "r475": { "Footnote": "4", "Name": "Regulation S-X (SX)", "Number": "210", "Publisher": "SEC", "Section": "12", "Subsection": "29" }, "r476": { "Name": "Regulation S-X (SX)", "Number": "210", "Paragraph": "d", "Publisher": "SEC", "Section": "3", "Subparagraph": "(4)(iii)", "Subsection": "10" }, "r477": { "Name": "Regulation S-X (SX)", "Number": "210", "Paragraph": "d", "Publisher": "SEC", "Section": "3", "Subparagraph": "(4)(iv)", "Subsection": "10" }, "r478": { "Name": "Regulation S-X (SX)", "Number": "210", "Paragraph": "i", "Publisher": "SEC", "Section": "3", "Subsection": "10" }, "r48": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r49": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e637-108580" }, "r5": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r50": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e681-108580" }, "r51": { "Name": "Accounting Standards Codification", "Paragraph": "14A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580" }, "r52": { "Name": "Accounting Standards Codification", "Paragraph": "17B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL34724394-108580" }, "r53": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r54": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r55": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r56": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580" }, "r57": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580" }, "r58": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e557-108580" }, "r59": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=109228884&loc=d3e1436-108581" }, "r6": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(13))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r60": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(210.5-03(11))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r61": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(12))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r62": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(20))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r63": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(21))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r64": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1(e))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r65": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r66": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.2(a))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r67": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.2(a),(d))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r68": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.2)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r69": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.21)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r7": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(14))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r70": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.4)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r71": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.9)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r72": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r73": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r74": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r75": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r76": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r77": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r78": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r79": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r8": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(17))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r80": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r81": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r82": { "Name": "Accounting Standards Codification", "Paragraph": "21D", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=SL94080555-108585" }, "r83": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585" }, "r84": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585" }, "r85": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585" }, "r86": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r87": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r88": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r89": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3044-108585" }, "r9": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(19))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r90": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4273-108586" }, "r91": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586" }, "r92": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586" }, "r93": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18726-107790" }, "r94": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790" }, "r95": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790" }, "r96": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(h))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r97": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(d),(e))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r98": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(e),(f))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r99": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(f))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" } }, "version": "2.0" } ZIP 102 0000822416-19-000008-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000822416-19-000008-xbrl.zip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�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�F(%'8*84@*=K^P%(#4Z9,^A"UX@ M$F44M%MN'A,O'-TQSL,5W-LPP0$#?JU7KC& &\\\T= K*ASWJHY0*F3=(3L( MJWV."'=)@AD0=:A?;[7]*2GUPX4R HWNYE!APS'F)(@HM$*XJGP"4FG901\V MQ("O^@LE=[S% V1-I2."H<$*:4H4D%(Q#.JT)0XZ"M/MQSI?"<#R M6&BAA>-)"!XRBL(:\8>P%A][M#OEREZ,#'@.8 M 1!SDFUO=?XIJ?;#A3->&]=B(+)"2T"ID)+PBMX.PH[*C^<#\&>3=P!L$<)RAEY1]4 M4/^W"!']#9U5CM!SQU2L50QJ!A!1CC)O/ 2N[H$(*(6N-:;MD,SXW^*[[2AC ME&04Q53[SY; WMH+*>1WHL3"&PM$.> D)=):S@65GB"N*V)1GG=$+/MQ*#HA M%@!)!F7,:N1$+(E8CH189%-LS)FRW# &E+0<TKD1PN'Q#8&!H4 T(TMU8;8#@@.-@7=1JR-OWS8"* 6F92 MH$R2E$Z<(-D72.)&12-GA*) ".,E5-YX8^K#!(T [IWM'Z.'688%S2B*6;.; M()D@N0LD*6VL9DR]5 X1RYPAD'C!:.6.V_#&WEG-$2#),R)I1H[CR/UT@OKM M,77)8=X:^KS1QH9!3RAD3#,F5<"^)'7O#4"L>1D#N7**Z]U>O1@OH@9H4,E1 M!,Q@5&?^\.BA MI[/;GGV?ZP-(![/5))V==Q*'G;R8WA1#/#N9/?B2W8B??*?]I[2U9H2"<\AX M(#4B.-!>$*OJY$CM9:<]B&)0$\B@$!G&4=N&;MKIWAHI1V"+)+8Y-K99:W$H ME9#& H^E]$Y8KAUJ9C( V%'DE<=B&Y%1SC,FNC.%$MDDLDEDLP/9\*8JDPC# MF&< $VL!89H(8"JR@8%ZNO36HIS8,,XRBKL+R_2);/HYQO0N'5TN!Y B$-ZY MKYA,KT<8[G%!TB+T2"K6IB-O9)$D,TEF^K,@+QK(V_G&RH>WQV"_FYP'\V3P M*0^V1#X8+1\MAG_D\T%U^[O^R/+UXO-O1XNP2.?A9[\?_A#KZU_]==<1WL?N MBAS!_:6]/)[[.YF]/)U$LWJTWTY*XZZ.^/3#G@#R<@>&SXJW;)*6WL=9.&Z" MNL([B0"PT%%@PI_.>MA,O$3D;IQE:;#\-)W/JU#+:'(3[O+#=3X;%K\UUZ4M MLWS?66')V/"/>5C(AW/K7G*()9(90ZGI[;%FQR2R.G2R(FN=>R$QT&G(%%)* M"24M:WI\2*"[)2O> [*"&8S:KS^152*K1%;QR(HU#8F@9=PK"1&3VC&H %!U M7U'F?*MV,"Y9L96R21$) M:K=GWD '4W01RBB.61B8T)G0N0LZ$:K1::V1&"AH#;'(2ZR-Y'5;?=ZU[MS: M_.T G81F ,:T?_MOYA[\2*]@S;]@+G :W8_ IAZHS5#7M"@VKFO8$Y\UU[Y MUG9_?)@'JS]J.\O^P?SHHMYQ1FH?+GXE:-2T]AP3+H4$B@JCL5)0-%UH66MR M]@M;XQT-M>0RHU$[3?=6)Y^2ZCU@A*)&PPIF#71>2T6I0)9PW?2))D9VG+*W MM2'=%4)%AJ(VCD@(30C=!:&DB7UCB#4SW#B,F*-("6YK5U!%8I9ZJCU" E=0UWZCL^PM[:T.X&Z0)E@ M49M/)Z@GJ/U&S52YVS58Y8#Y :V%P%=2]0H932HE70?VC>O*3M+AO5GX' M\Q8IA)DXCCGR*<)V%/ DC1-.*%%>: & \()(I;@E580-T][%P+N8LXQD1H]C M(E2"YU' DS6.L]1 UKN.X;FU-=T)/&G&^5&<3YU.]/O# M(KPPN%P;X1?5M,YW3@0_Q@DNWV^@%=%DB@/L#968:%S,QAZXAO-,P%Z,H4Q4DZCFT*D&-52##/&: M.,4<0"0T@(P&[PB"8$'MF(/AZFOV"- ]^TZ:AL6:;%%IT/?,B1$ M)J)&+I^W8RFLF7"X*PY9,YV> .^#VF:4(,69T)*RNHS=,!P)A_'&H3&:X:C- M8Q(*$PI?!H5K(4)OJ6920"$DL-HH 70S$G5MRO-N*(PV)TPPD''6P4C"GJ'P M=,X0ZD'>@]4D[YW3Z8_1.WXOD"-&6X(-)Q*[[C%DF)JZF :I [0CNO7MV\S MTQE?<)P1F?@B\47BBQ9?K'6?@])C2*WABFCME(,.B"I\QCNO\=F^7TV7? %$ M+S()^N^E=,$/'=QGD,YRR8-0753#)>\9-;GSWJ;QZ@?!>KPI=V+(,XR-$QQ MS*FG#-39#5BSCLN=(AXF8,(S2DYCS/H)A#(3Z1P;Z#4^>+S=H6$O!6;C. MC_DX+Y?G-2^:T7IH$-/"(X* 1JM.>=Y */EKN-RT\!7YA5IL_7%T>Y'&P65_ M?9F7M 81^.XV.9 D+O+>.L-#(1W=+.PY6H.SO/Q>/6+__$*O"H?AW>=5X]7 M/W('V*2ZJM7OGHV"O _>YU\'OTZOAI,?!^T+N.U"?QU=+"Z7=_>JELXG>]R! M;C:L\IW?O\W(9/FK,_G>3Y87.9A,\=!]1:53TN9"6^N:Z"&NUW*X')6 M<."?Y@YXH+RUBC%H"*8&ZZ*7EN$0*<8%CG/C[Z>+?(#J+1M&^=(?WFQBK 2U M"%#;;O1\7Z!6C] LHFM+T U7"!M,/\8 >1M3'O4'-' NP0)\(0 MB;2J[2" O+]K!_TT6HR^E&KU8[Y8C,N8M/OC.I_,\^?8.;2V<]B&%C1OVD;. M(*S../SCCK$381G#/L7+ MV7 R7\E!R>:Q61L( H*X!/G17E@H/$.H9&U,K/1<1F3M8FI6HNW#H^V')EWU MF[:KF5]KI/UU. MP6GQ;8^_]TS>#:X/OF>8,<W)PO?EO=QL/,W=E8G"TP^IYM+"(QU>3<-U_VL9?@^T.IHLAI,OHS)N&*AH,<]: M;SD?7I=?_Z\R(VF1SP(G9&64<5K^V"APR'PPF2X&P_%X>K[N_TZ79S#A(N8K M9GDS4./YM+ZFMX.OX<;RU]//GU^$Y"5;RZ^A0!*M 1+06R8HQ#B0/"$>0 HX M72]#^JVXZ'#-T\]!.]T$I)Z'53G/1[\7P'NX!K#3BOVGFN](OFFG&'?(OZ60 MK19IL+9*A;Q-ST>EN'P-VK$4F"!;T_%-+7FK^'?S^7!300!+0BQ6-=G6+=OZ MQ\&7?!)0-QZ,1\-/HW'A@:RO_SQ8$,7?@;^"GGD1TXJL]>R1A# 15ALX[K$P MU@&Q:N+-I U87$>=NOB?8$$5.#F;?LS'G]]5M_7K\JZ>501_"S9/:72!Z9OV MA)SN\).]P/;(M2@&%! #":7B&G''P[XLMXO';7O;(MCTU85":>N"4^*(]@YY9RBIS@D4-WC7+=KNI. I6T3YFW:7S5/U M *+B.W9P*[)L1SYMR0IU=EUD?OR>CU.<[3Y;H-C \^E\\9"U5=KK*VMK>C,+ M[YU=3X/)G@\N\^'%_]X,9Z6YM9@6WQFWM^K3B ZOM??#C%C*G!1&NZ"'.)"J MTD7"BM:(OL!IB]G-^>)F5H1:)A>_+EUM$Y;CW>3\9C9;_GMSB<^M+_HEN.BU ME5X8Z!\^?QX5!%HM931#7;S!!\V2,:&^\3#P+W=2R^Y[IOSH,M.J_.?]R7+G M>>'C;G+FUU,K(8N3!3:@XLYMEG]>SII0S9?\]:=9/OSGZ^'G<)%OA^.OPV_S M(LQR.5O=WQ,C$*N[C'#5]^2N[?D:RH=?E[_Q:3J^"%_QR]]_.G-_^_7#WW_) M!N_>FS=]N[[W'\[677F[,"_>Z_>FW?JI\''L_#$S^[] MV3/6L?O46B#:G= K,( #6:>HQE(02*5V5DPDD M5D7D^)&4SHT?)T^/NSVXHQ$24]%NB:GX594COSY(OQ?J;5E6J#^ M]FM^7<3O)E]6,:6S@B"+B]%!0_WSU3VWYDW0J5Y!09Q&X0\#A*^NC7EO7C=) M20R$YY0/WJ" P K'->"5#F9,JD?78./OP%>#/*C&ZX*09S?Y[7V]%>@%56;N M:'(1[K%\O+[QDT*MCF^S]"HBO55P_+%(^!TIN@KK/YHL+V]XLYA63RQK)LIG MEJ%Q"=X0))G@]+LJI_M\.AX/K^?YV^H?K6!Q$V:OJ\0A>O5P6'WY4Y1]MQ:$ MO_T:?.0E]+R/'_ *RTUZ+ MYW52ZU#4UH-%IU6CER1CHV3P)!E),NZ5#+:+6MEKBZ1NDAIN+\A/]Y0__9^W MNPI7MZNTA53UJGCZ%-IK)=%(HI%$8XL5>E+:WL&T^ZUK_O9D?O6R=\3!M(9@ MO$G14\ )!PRG '-LB5'$URVP-&TZA=^IJ0E?N@J2OKNZ'HYF9:;=A]DJ8AJC MA7 M4O%:^Y&,B#3)^S#41Z*,?E&&;)(&N$:06FB(P]9BAJ4GN&I@Q11LC35^ M+F5LG> ;GS(HS#"+.1TD44:BC!.A# Y),Q5("6,@-,9J)!3$BFG7--HTK?;" MSZ6,K1L)QZ<,E '>3F8^0,9XFH=R\)-*/DYO'G-=GMY _/@:A'/<9"E(BX6C MQ OCA#6>*8!6"':&"].JU]R;GU#O7S0$BPS&;:7;NP[?*2YUHH F31D*QQ10 MZIG%W&D(D76JKG%PQK8FA.S-BH\/:$HS)F+JY(3HA.B>()J)&M&.&:(X5-0Q MKYG&.KRG4M&&(?QB1G9\1!=#.HX;T,=U/K#JE[0C?@\8IJ)1O!Y!10SP7@** M'-3(:EXW(<3LY2+N3VUJ]?2Q%##J3,_>*M=3TJ&'BT$!Q-I\7!>@)[C'Q&KB MI2*>U]ZL0]'B49TUEGMRR_2,@Q2_3ACL"P91,]*6.R6QDQ@&]6>H P2YE;F* M"++4O9BY&AN#'-)C0.")Q(-_'EU\S5,T^![LDD9_8J: ,19IH+P'P==$SE;8 MM0*]7#1XM7M;]]?;@. ,LW9[C6-R-U/\Z$1!S1J%C"@0RG@!-$# 2F D7]62 M*D>Y8B]F%'<#:I')HEPD@3J!^MA +9K\3F24@UP;XZV0UD.!?1UM, Y1HS"I#2ZMY^;6KEC>9Z/-_4(:-5I:4"R49H03H+C%B#E(J])\"&TT+;VUW;W][*VG MAY(EBMG48Y.@]%9EGY1F/EXTDT9!6V=EL+6#X2U,0+"4AH(EFJFR6$2K%-C# M)+VGHIEE',6L&4AH3FA^232SM:%BC!C.J-.4>.=M,+%1W0,#4O9R^<[=H9G& M]:+[BN5^MI'M4_>=VUN'P]9=3&^*F1&[0/S!U7Q>^^&7;.JS<7TV2LYCZ_2L MY=@O3Z[51RKG@ &8>VXLYX9P5_&DL-"I:&7,&\>8/KG&2F:$=&>T;",-+ROY M*=B8:#'18D1:A&LEJQ!Z[*'AB!BCO)".,U71HC2QG<$8@1D),PEC%I\F7DR\ MF'@Q\2*&:V7$@%EH@DN-*(.:0.H 6(U3%Q()%8T7-\[L?CHO9A@G=KD4T8E[C)I$3UK#2),R<3U4K8']JX6M_U"N:S1YC8. MVC=V[^Q$LE0[*['>YN3R24OUA#W::8OQ;4P\,B*V7(5;6@JSY;UO*2++A\7; MF\G-_^<.:-J[^RAM%.? &VYD,]HC;,;C,VHW?IS$6%\/A+_+KZ7Q4S)$/+UW/\M?#\_^]&85GBO5<3IBOOVQZ MO7IVLB@4QGSP-1^42Q4N>C)=#!;3P?7-;'Z3OQFTC\Z+C\U'Q?==SX(.FH45 M*G[_]M6<#Z_+-?E7^,91,8@KGQ=WNER7\/7SF_/+\EKN+M:;P<<\K^><#W?; MCL'EK-"M?YH[X('RUBK&H"&8&JRU\;TICRB#!S3M-GQPB]E*5E^? M'/P:BNLHT]L[F(.^]3QHFP=HGH_*-523"W553(+^5_G0_7&=3^:Y_O;DL= Z M*//@M@/@)/?60\ZAK0=O(R;6QD)["8*NQX@3C)VE$H67J^,BCJE\E#PW_DX: M"YW&0O?BQUYTLN_#9H[8EK'$TX_#3V\H]')9BLG0RW]]^K;\>\6;RP>K0='+ M!_6TZ(?(?S]W<%!SJE]&FM/$V7LEYT6G5/=TYF$2FZ>(S4+H"+=]@'Q.NU_VV,L(R7//<>C[INLUY8JT?E64,$2J@=IH1P8Q3!E4\0:%N=4'>CB=Z,74:XJ.P)R+7 MTO78.TF#IQ^&KD"W1G5!R;6'"#A*%'=2-ZX AGMV!3J83ILAG(:+'&5$Y<1A M3 %LVKEZZ2A"S$EJD*&(V2HCR5@87MJSI=X%C&$:)Y)@?(PP1DU6HM$&&R<$ M0!H1C T47E4P]D[9/1O27< XT-91P_CHPOPG/EP:4]*H66RI- P)8CR54EB- MJ^'2QG(C_)ZMY=BC-$DF4MC\V%3F 2./-9I16D"P%09BQ;RB!FCLZQ 3A:WY M/1T;N!T@+^I@K82\A+Q=D,?EVK !:,,35B,(N))**P0JY!FO6\/<.[9)XR-/ MTA.9#G(LH=TT0_H!V#*PIC !,A9QZS0$B'FA*:85;$GP*O=LJG8SCY)DB*?@ M;HH*'2&48:.!J9$($F,=UYHSY+"2N/8Z'=_QC*8G\Z))1DB:\Y.@?(10QDWF MI4 @0%L0"0$AAB! .:RULA9BS\9T-U"F&9#'#>6C"_*>]*!HS&BC;+7RUF$B MN3>2 <$P=?5)JA:HU4>\8[NYBW&8. ,B93T>F>(\8/3Q1C]*P8$$TEH@/022 M06]EX[6"?>7*(FV4*G1?[6CZX('NV3KM M!GV,'\5!R^F$>],\Z/MPRV&C-8%AA&BH,"0"8Z:T135N,?.M)KT=VZP=#)AD M&:=1Q]#USJ5,T:$3Q3%N]&\QD85BXC!GF'!'O55U,KZ0>D?]VXO9SYF(.TXR MX3CAN!\XIDT]'*5<:D04.$8AQ':6V3._8/Z='\Z(1S' : M&)U ?"P@%G#-V5:,6DTS;2.P0QR@B+6CO;5Q"G2=$G M[H2+M50KJY G2#'@3( ]!U8*T!QFL1V/DK>RM*MW%?#6L>%-B@X7475T[WSQ M!.=]P_D IE0*VNARYJCWQ$KO@F/MI*.4XL8@Q_L,G'>+=9XAN1>L]W-V92*" M1 1M(N!-Y!U9@CBRBDOIE8+<,)$<'31>3^: M#"=!$,>#C_GL]]%Y?KK9V&(MTH:\UN701N&Y9)Q)0&CCI*.]-]RH=JG:I(CE M3S"UWC@V37RX&)1K@3+'#7%8HZ+>'QJD'=5-ZPTC=SRRVK[U1F<8Q!D'J2XB M8; O&,2-77L7('X-=+AM:"^0 );BPV&F+GM61N=>*.B9,^ M2MI,#"M>9@1%S8M[M@STTV]/9)C(,)'A<\A0-%U((7*42@\T=@X&UPQ2W#21 MH")*/Y@X,4HIN\L 3&28R#"1X2F2(0%K?>XX]< :Q)TOQ@Z%-U#J*LO02!6E M9CD&&9(,@.Z2L Z?#$M_^2^+8;B%^OGE8KV_N0I?=5X]6[YE<)Z/QROA_8]7 MX%7Y.'SG>?7XGDLZ&UWE\\'[_.O@U^G55;!I9 ,3$ M:[B4R_ 5^85:;/UQ='M+QZ-)_OIR.>^=%(C<69I-BWT/NPT[VDY^O+J[?N?V]&BV\_YXO+Z<6[R>_Y?%%&'=UP M-@F+,]???LVOBV69?%D%),^*&RL67H^GY_]\=<\^>$.D,,%6YH K*HCD3E3[ M8(C0KQM%@H 6(+Q706V-@-X[O1IV211PF#R*PHV_$T"? N MQ:UOX68Q>\K/[G+5F[CC%ED47-$! N]7&6WR:#U3OG'YT?*?]^NUU64^\49+ MI:&++F>K M^]LS'=Z[&2]!R5^7O_%I.KX(7_'+WW\Z;LP+][K]Z;=^JGP<>S\,3/[OW9Q\'W-5Y_>/I=-%<@ MMKUD\2#$JE^]!:+-G"0P@P!8IZG'4!)*I'2UZI-8O7Z<23=^G&YGSSQ)73^! M"'?B4;RM.JR\E5_S\,;ST7CIKWSXK$KE[V?3JTH%3LUT4IKPPT5^\:@NM 9 M :3$%L&@Y,*O.EU=I1+!)@%K/?_#W83_8P08M 9ZI5;FBW:8Z<=78^/OM'7A MVG[>4BF@4BFCR46XV?+Q^H9/"H=K?)N=5^9Z-#?ACCPMG0+)WX3-QA#1[RI_ M*CA9X^'U/'];_:-E5#4.1G-Z#5X][% L?PK#[];E.4!Y3[3/#JT!#Y;0DU\.,!Q_? M3G__Y^#^__M\,+T:+18M:RYM\!,CFQV7'W409%,_*'#KNQ" *:9,81(REA#EH ME,":0>KEJO\+(@C@5E/TFF!+"[VTP];-\CO)0>^6(?LM:F9JJ8W7V(D5/1;! MZ5:!IP3*?;#0U>6*R@QE42(R"F-=V^\ G4[\/1 MN#CD\M/9FJ_81YZ2,'8'NM2B*E%1HJ)H5$1Q34488BBML4A3+8PDSJ)5QPUK M(:+D0;/IUWPX=O."7DIVFEP4?ZT1DYG.%_,>LA-%&2(TD5,BI^0-'IDWR!M: M Q(:0AT#R)+@&%J,"*F]0:+ @[2V.K#_?=G#*Y_UD<(81%GX+SF"B>"2]75X MUI=L^AP@1HSB%CKFPM,2]U?Y'H.1/ 7ZH:7?F/%/:*8&HUU8*9("W%?RTD*T!.UW&0^-#CW&6 1$S M'IJ@EZ"W"_1(XW_QT2A!AG%J^YG MV!PE["WB[8 M$\V9O*&(BV"58D0IH));9.M0C$"^98-&"L5T@3-,>$;041B,.H9[R MP!6.TSV!,;PT*BC+&H':$3AA.&^X%A MTIQ;8J<=@(!RR3WT+ 8JLI11=8^?%ZRGZA1=%C3#*.88RH2JA.J>X+JM:D+ MPB+ ""$2<845Y1P*7:&:82_W&'Z*C6"8$4(S=N09"@G$)PKBM6D!FCF'!'46 M2(.D! '*=4*W!J!56Q(ICA4?L S 3(+CGG1^5"E%/X\NON8GG% DP-K,#FB, M0(H[9#GR7F/A6:5*N=6M 49=!ZM6>[.$9[SI;9 $O9H.4X],0QXP!%'3U%1A MR(6ED"I#N.'80=/$BY'>:YRI&_@1C#- 8VK(!+\$OUW@AV63R\"5\)H9)9WS MUC!FB:K@Y[ET+QPBZ@:12 :3->8,K 3(!,A= $D;0$)&H7*. (.H8Q!C;$0] M.4F+ARM]XT=WN@$?YSPC41W&A+Z$OEW0QT5CC5I-E<+22T"I"/X@<;12AX" MUB2 2&&9;I FB,RH/ JDG4:"T5G^Q_"^!G(G'C<5L@$H1H):Z;1ETB#-.7*Z M/OQ0@CV<>]M1Q*;$(%Q80 Y^AGRYP3!#/("()QPG'QX=CW-2% BR,9W^F+E L@,PD20HZ MP?@(8JQIV7#CF,%%?:$(8LJZUD OW#5G)'D:O?.@@X YIQD"K'CTP['BS^*(!- M82J5F#ICH!/068R9LJ;.N/40M@I3NXPV=8 ]F$$,,T%BUK\D]"7T[8(^C-<. M5@W$V'M/D4)"08=!4XJ&Y,-%*_N)$74!2"@RRI,R3'#L"QS7Y@D03H/Z*P8N M*8V=YTCRVAC55#U<&1H_L-,!]%"1;YO!J&YB E\"WR[@XTT!I\>F2#%R%AD( M,)(0R#KE75';2GF/%([I!&@(B S(HZ@M>?+ [[V&3"/<\(=%>&%P.;W*/Q6D M'7YM4-W^EM^U?%B\_>UH$=;D/'S[]\,?=HV^;A@.>GS161H0WXQ$]!H@8(E@ MA#N*A=&2UAF__)&,WXX"0Z6X_.>:M,1+B*"9Q%$GCCU7\V+ZHX,$&>9%%';M20V2&QP'&R &V\!"B^" MZ\Z%D@11J(FK&BIB A1XN$9]/Y&S[@@"R@SRJ'.4$S\D?C@.?J -/VC)"9(2 M :VL15Q(CU%UKH6$;75$[C"4UQT78((R(&*6["8R2&1P)&3 FX8VP3B@P; F MD"L3O ?C"0?UB![(6L=LD4*+'7H)&0 L$W$;+A\<])\T'9.>():N(99)*@HS M%6M.+'?*Z/JH"@JVKVY5G:*39XCB#%,/L-WI[@DS7=Y( /FM0" M8(ETBGN(':F#P]:@5GO'"/&@3K%8-+22F91'H2M/HZF5'TV&D_/1<#SXF,]^ M'YWGI];A*G8XO[?J(1U ).E,TIFD,TEGDLY3D,Y_^Y- $#UPTTD^DWR^-'L^ MP5G$K,D[IIQ[KYE$5NNB!H%2Y^M@#O.M"OE8,ZDJ!Z'R#Z)YBY2C3(I3GTUU M/,&;+;(Z\/4?@XOIS:=Q7H?5]A>.C;7G?^YR&0X["(U%TQ.:%!,3""1%=01U MT#CHZA0* E&K:?NS4BAZF@&Q<;M3I#F152*KER4K IJFURQ87!@#99RTT%-H M/#)51%Y2TBKGV#K/I*=I(HFH$E$EHNH[4:&F]Z^WP$G%A-1<<@4%7C2Q@[).+W,I4G,E9@K,5??F8NLS2-PB@("@7)>2<E-549VN]A ]7S#XQ M*:G?.46)IQ)/)9[J+4^QIB,T1TH'"K":02Z"K46E-G5':(*W:LL>H]X>9+ ( MF/.H ?/#)*5>1=4O\_*-X9+_V-M1&.X@/;+']WU*]YKV^/CO->WQ\=]KVN/C MO]>3W.,7-;X>-C+%MOY[7#[\NI2:3]/Q1?@* MFY^7V3W+5<$P&P3_A2 K&NY"!+5:B0ZDH$S$&929&Z9&MIV/T5 GTA?B/ M5RB*8Z,UF5@[04HB<:(B\>OPZZ 0BR0 )RH 9]/%<%S207UHDV3AY&5A&1@_ MV0K;]]/9XC(?/C1G,SH47BX)_ED'2YMVM_PEI &W&HL#2(.<"5X M=68D+&KUAM\^UYEO5;Q1RUZ\/G&89 1&/1CO7='&*5=;)3HZ<#H20*Z57BA& M &942LT\ UI!5L^N,:#5L6N[;.:7IB*,>-%O)%%1HJ)$1;VD(M14@2F +">& M0L280A) ;UU%18&@'NZ#_]Q\Y9=F)XXSRDDBIT1.B9QZ24ZD(2<,&9=6"J>8 MU-PY[+6M4I()0P^/OWY*2O)+$Q'#-*-'7F:?F"@QT>$R$6OJ3S'0IC2/B@;G ME&&H/:Z'#R/R]*3CEV8=+F%&8=3Y@;UCG:?%KP\D3/UQ>O-8F/H$.K.&OYNQ M74 9C)4NW!8K$-6^&0(NI&G-&^@ZD%OO3KRNYAAG)"I >ZO]CT#)GP#\@M)K MIFH2";E%0H"B;SDWQFE?&>2:Z59CY"X#E_&AQR#.&(IID2?H)>CM CW4'&$* MQ#B$RCCE.=4.0&Q&Q"T MH**&$UTI0@7YPVT^XD>F.D!>!IG($$_SKA+V^H(]VIR>.Z>+/A44(N$4=1XI MH>I&%;JS6$P7.$."9U*B8\#9:20-^G#-HXMAZHC< BAO $J#DV@40<898*2W MD#A=F:J8VPB=1;=#[FK3XB6X4)DQ>MPQU%,^N3EI',OF^#48M<5P92\4#/BE M4%*(:T5+8"LWI,MH3VP,"\XR0=/I:\+PT6&8!6RMZ6+*,2;>>,:K#Y4R$S+E-AR9ACQ@",JFI:]1FH*P&M!*Q[DBRC%5#TW0H!4P[C+0U W\ M"&<9DS'+CA+\$OQV@!^$I,GJ,R@H06:YLH1RX@A8.U#U^.$RF_W$B#I2B"*8 MK4=Q\IH >12 Q T@.<92$XHIY9!1R* 6=98[5N+A7+_XT9UNP"< S0!/Z$OH MZPOZZ-I 9^25#+Z20-9;; +@7-V=@SK557Y11TCC/$/'H>=.(\/H+/]C>%]3 MMA./FT+> )0Q18D*YJK1EABLL5.\ BC0=._Y1>66Q39/*5SD".$AD@$GNM33!L'6<$H"QP0'2Q=&G5V><)QPW L<(]A4AGJO M ?:6"V&AX,PPAV2%8Z98_+FW+P]MP3,<-7<_(3LANR?(Q@VRA>&*,&@<0UXP M)IU5I$;V/1JZPV!4%RCFG&0 )4,[P?@(84R;BE6&K>%($D,=]M P#TA]QFH8 MI!U%M3I1O%1F@J1THX-)-_KME'.-$&]TJ?*&$HR$%UH10P 1N"X;EY3MO7W1 M;_$#SER*C(.4:'1DVO& \;VM,%(#XIMZ4JS0"\>(N@ DX1F1,9W+ M!,<$QUW@B!HX8N* H=)CJ W"C!!BZAHR[]4^LXPZ@![*@"!!'\:L!4W@2^#; M!7QKK>V=1D9;6O3R4PAY326HDXPD5RU/,%(XIA.@!0\W"T[M,0#MR?.S]QHR MC7##'Q;AA<'E]"K_5)!V^+5!=?M;?M?R8?'VMZ-%6)/S\.W?#W_8-?JZ8>#F M$49G,6\<4RL"E(V@4OCB#PB09W4_068>3L'O*#!4BLM_KDE+Q(2(C,.8G06? M+3F]U>;I..9$"4$TQCD$QD'@#-74,B0"(T!:&><,TU9M>)>1JN[( #$1S/2H MG=02&R0V. HV(*#Q%BQ1RE.&-36(%R4)%KHZ=UR BQ'G-&IOMT0&B0R. M@PQ(TQO.,0LE-QXB" $A'@I?5P\;P5J'W)%"B]T!'V:$R0SAJ%-[#P[ZSP]- MGA3X#QC#:_,FC;%:.BH(L4&K(R\Y%36&D7W8X.\@'EB]J_AJ'=W SP@*^ 9I MUDC"85]P*)KF<,'=YLP8J;5#!CK-O:CGOFI&]A:&ZQ2#Q3$YS01,[:D2!GN" M00K6NL-9R*6GB"/FD>5&2%J7^WOJ^ L&OSJ%)14RDVD2; )E;T")&E "P@UD MV&HF':;0*(3KB+2VCT2DXT:<.@4@SXK\38A3.G6"8%\@2)HN<2SR2?23Z3?";Y3/+Y\O+Y%)>1D:;_!-$: M&L44Y,IBB@G6H,XJ5EZV>CG%FCA5N0F5EQ#-9V2$9^S(VRL^^>#_"("Z1ID7DY@K,5=BKKXS%VJ8"QN%F13> 2:8T,@#5I>X:,@?;I?QQ.RC MGB8/)9Y*/)5XJN\\19I)95@#@JRC"#@..02"@[KINL*BE27Y6+P]2H95H,N, MD>YJ: ^&DWH55+_,RS>&2_YC;R=AN(,C=%3)= 7XC]> MH2A.C=9D8NT *8G$B8K$K\.O@T(LD@"+RWSXT!#-Z%!XN1SX9YTK;=K=OI=H<,":5JY8 *B-QU8K3P"42,OZ MR @1%Z'S&]NJ=J.6O7CM'#G-$$T3MX^UV"K1T:'3D6@:43+(+<'$:J,@\9I2 MH4%%1]99NULR\TM3$0Y4)&34X_!$18F*$A7%HB((FB(P+YS5""B"/,(<<>J5 MK_L=,=VJJ]@Y7?FEV:DHT2"$)W9*[+0C.QU@LN .U-7_)$$.4<-KPALH-$=0 M*Z"!EP)05_( M]V?&".I1D(*K;U%OC MX0ALA%. GV@Z<&GN�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�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end