Note 20 - Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2015

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidating Statements of Operations [Table Text Block]

	Three Months Ended March 31, 2015
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	136,892		$	219,728		$	113,658		$	-		$	470,278
Cost of sales		(103,358	)		(170,957	)		(81,858	)		-			(356,173	)
Gross margin		33,534			48,771			31,800			-			114,105
Selling, general and administrative expenses		(23,146	)		(32,750	)		(10,174	)		-			(66,070	)
Income (loss) from unconsolidated joint ventures		26			-			(477	)		-			(451	)
Equity income of subsidiaries		23,367			-			-			(23,367	)		-
Interest income (expense), net		3,223			(2,744	)		(479	)		-			-
Other income (expense)		(1,001	)		(148	)		853			-			(296	)
Homebuilding pretax income		36,003			13,129			21,523			(23,367	)		47,288
Financial Services:
Financial services pretax income		-			-			1,208			-			1,208
Income before taxes		36,003			13,129			22,731			(23,367	)		48,496
Provision for income taxes		(4,398	)		(7,324	)		(5,169	)		-			(16,891	)
Net income	$	31,605		$	5,805		$	17,562		$	(23,367	)	$	31,605

	Three Months Ended March 31, 2014
	Standard Pacific Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Homebuilding:
Revenues	$	168,340		$	205,084		$	86,775		$	-		$	460,199
Cost of sales		(121,510	)		(154,822	)		(64,917	)		-			(341,249	)
Gross margin		46,830			50,262			21,858			-			118,950
Selling, general and administrative expenses		(23,805	)		(27,848	)		(6,937	)		-			(58,590	)
Income (loss) from unconsolidated joint ventures		(117	)		33			(353	)		-			(437	)
Equity income of subsidiaries		24,496			-			-			(24,496	)		-
Interest income (expense), net		3,689			(2,806	)		(883	)		-			-
Other income (expense)		(142	)		(30	)		159			-			(13	)
Homebuilding pretax income		50,951			19,611			13,844			(24,496	)		59,910
Financial Services:
Financial services pretax income		-			-			1,705			-			1,705
Income before taxes		50,951			19,611			15,549			(24,496	)		61,615
Provision for income taxes		(12,792	)		(7,255	)		(3,409	)		-			(23,456	)
Net income	$	38,159		$	12,356		$	12,140		$	(24,496	)	$	38,159

Supplemental Condensed Consolidating Balance Sheets [Table Text Block]

	March 31, 2015
	Standard Pacific Corp.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	47,277		$	783	$	32,866	$	-		$	80,926
Restricted cash		-			-		39,241		-			39,241
Trade, intercompany and other receivables		1,773,943			10,318		185,082		(1,943,373	)		25,970
Inventories:
Owned		1,094,011			1,302,428		1,084,338		-			3,480,777
Not owned		19,678			22,031		9,147		-			50,856
Investments in unconsolidated joint ventures		(1,628	)		523		52,467		-			51,362
Investments in subsidiaries		971,327			-		-		(971,327	)		-
Deferred income taxes, net		281,516			-		-		(7,838	)		273,678
Other assets		31,582			6,910		1,380		-			39,872
Total Homebuilding Assets		4,217,706			1,342,993		1,404,521		(2,922,538	)		4,042,682
Financial Services:
Cash and equivalents		-			-		22,672		-			22,672
Restricted cash		-			-		1,295		-			1,295
Mortgage loans held for sale, net		-			-		98,692		-			98,692
Mortgage loans held for investment, net		-			-		18,518		-			18,518
Other assets		-			-		9,896		(1,606	)		8,290
Total Financial Services Assets		-			-		151,073		(1,606	)		149,467
Total Assets	$	4,217,706		$	1,342,993	$	1,555,594	$	(2,924,144	)	$	4,192,149
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	17,669		$	22,451	$	18,444	$	-		$	58,564
Accrued liabilities and intercompany payables		192,831			924,316		848,459		(1,765,760	)		199,846
Revolving credit facility		15,000			-		-		-			15,000
Secured project debt, other notes payable and intercompany loans		171,622			-		4,378		(171,622	)		4,378
Senior notes payable		2,132,229			-		-		-			2,132,229
Total Homebuilding Liabilities		2,529,351			946,767		871,281		(1,937,382	)		2,410,017
Financial Services:
Accounts payable and other liabilities		-			-		17,675		(15,435	)		2,240
Mortgage credit facilities		-			-		91,537		-			91,537
Total Financial Services Liabilities		-			-		109,212		(15,435	)		93,777
Total Liabilities		2,529,351			946,767		980,493		(1,952,817	)		2,503,794
Equity:
Total Stockholders' Equity		1,688,355			396,226		575,101		(971,327	)		1,688,355
Total Liabilities and Equity	$	4,217,706		$	1,342,993	$	1,555,594	$	(2,924,144	)	$	4,192,149

	December 31, 2014
	Standard Pacific Corp.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	133,304		$	1,061	$	46,063	$	-		$	180,428
Restricted cash		-			-		38,222		-			38,222
Trade, intercompany and other receivables		1,645,356			4,379		191,268		(1,821,998	)		19,005
Inventories:
Owned		1,059,197			1,234,233		961,774		-			3,255,204
Not owned		17,360			28,520		39,273		-			85,153
Investments in unconsolidated joint ventures		(1,653	)		497		51,267		-			50,111
Investments in subsidiaries		957,933			-		-		(957,933	)		-
Deferred income taxes, net		283,890			-		-		(7,488	)		276,402
Other assets		34,094			6,855		1,643		-			42,592
Total Homebuilding Assets		4,129,481			1,275,545		1,329,510		(2,787,419	)		3,947,117
Financial Services:
Cash and equivalents		-			-		31,965		-			31,965
Restricted cash		-			-		1,295		-			1,295
Mortgage loans held for sale, net		-			-		174,420		-			174,420
Mortgage loans held for investment, net		-			-		14,380		-			14,380
Other assets		-			-		6,980		(1,737	)		5,243
Total Financial Services Assets		-			-		229,040		(1,737	)		227,303
Total Assets	$	4,129,481		$	1,275,545	$	1,558,550	$	(2,789,156	)	$	4,174,420
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	13,856		$	16,202	$	15,027	$	-		$	45,085
Accrued liabilities and intercompany payables		206,731			868,922		783,324		(1,635,194	)		223,783
Secured project debt, other notes payable and intercompany loans		100,813			-		4,689		(100,813	)		4,689
Senior notes payable		2,131,393			-		-		-			2,131,393
Total Homebuilding Liabilities		2,452,793			885,124		803,040		(1,736,007	)		2,404,950
Financial Services:
Accounts payable and other liabilities		-			-		18,585		(15,216	)		3,369
Mortgage credit facilities		-			-		169,413		(80,000	)		89,413
Total Financial Services Liabilities		-			-		187,998		(95,216	)		92,782
Total Liabilities		2,452,793			885,124		991,038		(1,831,223	)		2,497,732
Equity:
Total Stockholders' Equity		1,676,688			390,421		567,512		(957,933	)		1,676,688
Total Liabilities and Equity	$	4,129,481		$	1,275,545	$	1,558,550	$	(2,789,156	)	$	4,174,420

Supplemental Condensed Consolidating Statements of Cash Flows [Table Text Block]

	Three Months Ended March 31, 2015
	Standard Pacific Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	(26,142	)	$	(61,490	)	$	(6,439	)	$	-		$	(94,071	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		-			-			(7,639	)		-			(7,639	)
Distributions of capital from unconsolidated joint ventures		-			-			5,732			-			5,732
Loan to parent and subsidiaries		-			-			10,000			(10,000	)		-
Other investing activities		(1,080	)		(697	)		(4,200	)		-			(5,977	)
Net cash provided by (used in) investing activities		(1,080	)		(697	)		3,893			(10,000	)		(7,884	)
Cash Flows From Financing Activities:
Change in restricted cash		-			-			(1,019	)		-			(1,019	)
Borrowings from revolving credit facility		27,700			-			-			-			27,700
Principal payments on revolving credit facility		(12,700	)		-			-			-			(12,700	)
Principal payments on secured project debt and other notes payable		-			-			(311	)		-			(311	)
Loan from subsidiary		70,000			-			-			(70,000	)		-
Net proceeds from (payments on) mortgage credit facilities		-			-			(77,876	)		80,000			2,124
(Contributions to) distributions from Corporate and subsidiaries		9,973			-			(9,973	)		-			-
Repurchase of common stock		(22,073	)		-			-			-			(22,073	)
Issuance of common stock under employee stock plans		(3,930	)		-			-			-			(3,930	)
Excess tax benefits from share-based payment arrangements		3,369			-			-			-			3,369
Intercompany advances, net		(131,144	)		61,909			69,235			-			-
Net cash provided by (used in) financing activities		(58,805	)		61,909			(19,944	)		10,000			(6,840	)
Net increase (decrease) in cash and equivalents		(86,027	)		(278	)		(22,490	)		-			(108,795	)
Cash and equivalents at beginning of period		133,304			1,061			78,028			-			212,393
Cash and equivalents at end of period	$	47,277		$	783		$	55,538		$	-		$	103,598

	Three Months Ended March 31, 2014
	Standard Pacific Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Standard Pacific Corp.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	(36,848	)	$	(88,166	)	$	7,451		$	-		$	(117,563	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		146			-			(2,933	)		-			(2,787	)
Distributions of capital from unconsolidated joint ventures		-			229			14,579			-			14,808
Loan to parent		-			-			(35,000	)		35,000			-
Other investing activities		(284	)		(387	)		(1,064	)		-			(1,735	)
Net cash provided by (used in) investing activities		(138	)		(158	)		(24,418	)		35,000			10,286
Cash Flows From Financing Activities:
Change in restricted cash		-			-			(5,238	)		-			(5,238	)
Principal payments on secured project debt and other notes payable		-			-			(890	)		-			(890	)
Loan from subsidiary		35,000			-			-			(35,000	)		-
Net proceeds from (payments on) mortgage credit facilities		-			-			(48,370	)		-			(48,370	)
(Contributions to) distributions from Corporate and subsidiaries		(4,400	)		-			4,400			-			-
Issuance of common stock under employee stock plans		3,596			-			-			-			3,596
Intercompany advances, net		(138,450	)		88,516			49,934			-			-
Net cash provided by (used in) financing activities		(104,254	)		88,516			(164	)		(35,000	)		(50,902	)
Net increase (decrease) in cash and equivalents		(141,240	)		192			(17,131	)		-			(158,179	)
Cash and equivalents at beginning of period		175,289			494			187,508			-			363,291
Cash and equivalents at end of period	$	34,049		$	686		$	170,377		$	-		$	205,112