Note 18 - Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2015

Supplemental Guarantor Information [Abstract]

Supplemental Condensed Consolidating Statements of Operations [Table Text Block]

	Year Ended December 31, 2015
	CalAtlantic Group, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated CalAtlantic Group, Inc.
	(Dollars in thousands)
Homebuilding:
Revenues	$	1,234,750		$	1,500,676		$	787,707		$	(26,722	)	$	3,496,411
Cost of sales		(989,834	)		(1,194,605	)		(562,223	)		26,722			(2,719,940	)
Gross margin		244,916			306,071			225,484			—			776,471
Selling, general and administrative expenses		(145,458	)		(185,779	)		(59,473	)		—			(390,710	)
Income (loss) from unconsolidated joint ventures		540			269			1,157			—			1,966
Equity income of subsidiaries		201,261			—			—			(201,261	)		—
Interest income (expense), net		12,388			(9,374	)		(3,014	)		—			—
Other income (expense)		(57,629	)		(2,678	)		(1,870	)		—			(62,177	)
Homebuilding pretax income		256,018			108,509			162,284			(201,261	)		325,550
Financial Services:
Financial services pretax income		—			—			16,939			—			16,939
Income before taxes		256,018			108,509			179,223			(201,261	)		342,489
Provision for income taxes		(42,509	)		(49,512	)		(36,959	)		—			(128,980	)
Net income	$	213,509		$	58,997		$	142,264		$	(201,261	)	$	213,509

	Year Ended December 31, 2014
	CalAtlantic Group, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated CalAtlantic Group, Inc.
	(Dollars in thousands)
Homebuilding:
Revenues	$	813,423		$	1,025,404		$	572,351		$	—		$	2,411,178
Cost of sales		(599,911	)		(779,578	)		(413,306	)		—			(1,792,795	)
Gross margin		213,512			245,826			159,045			—			618,383
Selling, general and administrative expenses		(101,020	)		(131,068	)		(43,773	)		—			(275,861	)
Income (loss) from unconsolidated joint ventures		(71	)		88			(685	)		—			(668	)
Equity income of subsidiaries		155,943			—			—			(155,943	)		—
Interest income (expense), net		13,718			(11,497	)		(2,221	)		—			—
Other income (expense)		(3,954	)		(469	)		2,690			—			(1,733	)
Homebuilding pretax income		278,128			102,880			115,056			(155,943	)		340,121
Financial Services:
Financial services pretax income		—			—			9,843			—			9,843
Income before taxes		278,128			102,880			124,899			(155,943	)		349,964
Provision for income taxes		(62,263	)		(40,469	)		(31,367	)		—			(134,099	)
Net income	$	215,865		$	62,411		$	93,532		$	(155,943	)	$	215,865

	Year Ended December 31, 2013
	CalAtlantic Group, Inc.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated CalAtlantic Group, Inc.
	(Dollars in thousands)
Homebuilding:
Revenues	$	819,044		$	826,245		$	269,320		$	—		$	1,914,609
Cost of sales		(609,858	)		(632,733	)		(202,822	)		—			(1,445,413	)
Gross margin		209,186			193,512			66,498			—			469,196
Selling, general and administrative expenses		(94,819	)		(111,746	)		(24,126	)		—			(230,691	)
Income (loss) from unconsolidated joint ventures		1,369			(137	)		(283	)		—			949
Equity income of subsidiaries		81,140			—			—			(81,140	)		—
Interest income (expense), net		16,419			(11,651	)		(4,768	)		—			—
Other income (expense)		7,515			(321	)		(379	)		—			6,815
Homebuilding pretax income		220,810			69,657			36,942			(81,140	)		246,269
Financial Services:
Financial services pretax income		—			—			11,429			—			11,429
Income before income taxes		220,810			69,657			48,371			(81,140	)		257,698
Provision for income taxes		(32,095	)		(23,676	)		(13,212	)		—			(68,983	)
Net income	$	188,715		$	45,981		$	35,159		$	(81,140	)	$	188,715

Supplemental Condensed Consolidating Balance Sheets [Table Text Block]

	December 31, 2015
	CalAtlantic Group, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated CalAtlantic Group, Inc.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	6,387	$	112,852	$	31,837	$	—		$	151,076
Restricted cash		—		—		35,990		—			35,990
Intercompany receivables		2,380,899		—		152,505		2,533,404			—
Inventories:
Owned		2,524,927		2,304,305		1,240,727		—			6,069,959
Not owned		32,393		38,925		11,928		—			83,246
Investments in unconsolidated joint ventures		5,353		4,330		123,080		—			132,763
Investments in subsidiaries		1,644,453		—		—		(1,644,453	)		—
Deferred income taxes, net		405,945		—		—		(9,751	)		396,194
Goodwill		933,360		—		—		—			933,360
Other assets		67,578		48,027		3,163		—			118,768
Total Homebuilding Assets		8,001,295		2,508,439		1,599,230		(4,187,608	)		7,921,356
Financial Services:
Cash and equivalents		—		—		35,518		—			35,518
Restricted cash		—		—		22,914		—			22,914
Mortgage loans held for sale, net		—		—		325,770		—			325,770
Mortgage loans held for investment, net		—		—		22,704		—			22,704
Other assets		—		—		18,886		(1,643	)		17,243
Total Financial Services Assets		—		—		425,792		(1,643	)		424,149
Total Assets	$	8,001,295	$	2,508,439	$	2,025,022	$	(4,189,251	)	$	8,345,505
LIABILITIES AND EQUITY
Homebuilding:
Accounts payable	$	91,873	$	82,906	$	16,902	$	—		$	191,681
Accrued liabilities and intercompany payables		415,803		1,538,096		903,761		(2,378,867	)		478,793
Secured project debt and other notes payable		170,167		—		4,061		(148,545	)		25,683
Senior notes payable		3,462,016		—		—		—			3,462,016
Total Homebuilding Liabilities		4,139,859		1,621,002		924,724		(2,527,412	)		4,158,173
Financial Services:
Accounts payable and other liabilities		—		—		39,860		(17,386	)		22,474
Mortgage credit facilities		—		—		303,422		—			303,422
Total Financial Services Liabilities		—		—		343,282		(17,386	)		325,896
Total Liabilities		4,139,859		1,621,002		1,268,006		(2,544,798	)		4,484,069
Equity:
Total Equity		3,861,436		887,437		757,016		(1,644,453	)		3,861,436
Total Liabilities and Equity	$	8,001,295	$	2,508,439	$	2,025,022	$	(4,189,251	)	$	8,345,505

	December 31, 2014
	CalAtlantic Group, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated CalAtlantic Group, Inc.
	(Dollars in thousands)
ASSETS
Homebuilding:
Cash and equivalents	$	133,304		$	1,061	$	46,063	$	—		$	180,428
Restricted cash		—			—		38,222		—			38,222
Intercompany receivables		1,637,226			—		184,772		(1,821,998	)		—
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		19,443			11,234		8,139		—			38,816
Total Homebuilding Assets		4,106,700			1,275,545		1,329,510		(2,787,419	)		3,924,336
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	$	4,106,700		$	1,275,545	$	1,558,550	$	(2,789,156	)	$	4,151,639
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 and other notes payable		100,813			—		4,689		(100,813	)		4,689
Senior notes payable		2,108,612			—		—		—			2,108,612
Total Homebuilding Liabilities		2,430,012			885,124		803,040		(1,736,007	)		2,382,169
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		2,430,012			885,124		991,038		(1,831,223	)		2,474,951
Equity:
Total Equity		1,676,688			390,421		567,512		(957,933	)		1,676,688
Total Liabilities and Equity	$	4,106,700		$	1,275,545	$	1,558,550	$	(2,789,156	)	$	4,151,639

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

	Year Ended December 31, 2015
	CalAtlantic Group, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated CalAtlantic Group, Inc.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	(17,201	)	$	(107,470	)	$	(146,690	)	$	—		$	(271,361	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		—			—			(91,453	)		—			(91,453	)
Distributions of capital from unconsolidated homebuilding joint ventures		641			75			18,866			—			19,582
Cash acquired in connection with merger		20,345			238,034			10,138			—			268,517
Loan to parent and subsidiaries		—			—			34,000			(34,000	)		—
Other investing activities		9			(4,310	)		(7,671	)		—			(11,972	)
Net cash provided by (used in) investing activities		20,995			233,799			(36,120	)		(34,000	)		184,674
Cash Flows From Financing Activities:
Change in restricted cash		—			—			652			—			652
Borrowing from revolving credit facility		852,700			—			—			—			852,700
Principal payments on revolving credit facility		(852,700	)		—			—			—			(852,700	)
Principal payments on secured project debt and other notes payable		(1,893	)		—			(639	)		—			(2,532	)
Loan from subsidiary		46,000			—			—			(46,000	)		—
Principal payment on senior notes payable		(29,789	)		—			—			—			(29,789	)
Payment of debt issuance costs		(1,016	)		—			—			—			(1,016	)
Net proceeds from (payments on) mortgage credit facilities		—			—			30,469			80,000			110,469
(Contributions to) distributions from Corporate and subsidiaries		13,873			(31,719	)		17,846			—			—
Repurchases of common stock		(22,073	)		—			—			—			(22,073	)
Common stock dividend payments		(4,851	)		—			—			—			(4,851	)
Issuance of common stock under employee stock plans, net of withholdings		1,000			—			—			—			1,000
Excess tax benefits from share-based payment arrangements		9,250			—			—			—			9,250
Other financing activities		—			(95	)		(127	)		—			(222	)
Intercompany advances, net		(141,212	)		17,276			123,936			—			—
Net cash provided by (used in) financing activities		(130,711	)		(14,538	)		172,137			34,000			60,888
Net increase (decrease) in cash and equivalents		(126,917	)		111,791			(10,673	)		—			(25,799	)
Cash and equivalents at beginning of year		133,304			1,061			78,028			—			212,393
Cash and equivalents at end of year	$	6,387		$	112,852		$	67,355		$	—		$	186,594

	Year Ended December 31, 2014
	CalAtlantic Group, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated CalAtlantic Group, Inc.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	(56,158	)	$	(118,941	)	$	(187,298	)	$	—		$	(362,397	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		—			—			(10,506	)		—			(10,506	)
Distributions of capital from unconsolidated homebuilding joint ventures		227			228			17,555			—			18,010
Net cash paid for acquisitions		—			(36,047	)		2,277			—			(33,770	)
Loan to parent and subsidiaries		—			—			(180,000	)		180,000			—
Other investing activities		(1,571	)		(1,351	)		(1,832	)		—			(4,754	)
Net cash provided by (used in) investing activities		(1,344	)		(37,170	)		(172,506	)		180,000			(31,020	)
Cash Flows From Financing Activities:
Change in restricted cash		—			—			(16,762	)		—			(16,762	)
Principal payments on secured project debt and other notes payable		—			—			(1,458	)		—			(1,458	)
Loan from subsidiary		100,000			—			—			(100,000	)		—
Principal payment on senior notes payable		(4,971	)		—			—			—			(4,971	)
Proceeds from the issuance of senior notes payable		300,000			—			—			—			300,000
Payment of debt issuance costs		(6,230	)		—			—			—			(6,230	)
Net proceeds from (payments on) mortgage credit facilities		—			—			68,546			(80,000	)		(11,454	)
(Contributions to) distributions from Corporate and subsidiaries		8,350			—			(8,350	)		—			—
Repurchases of common stock		(36,781	)		—			—			—			(36,781	)
Issuance of common stock under employee stock plans, net of withholdings		6,771			—			—			—			6,771
Excess tax benefits from share-based payment arrangements		13,404			—			—			—			13,404
Intercompany advances, net		(365,026	)		156,678			208,348			—			—
Net cash provided by (used in) financing activities		15,517			156,678			250,324			(180,000	)		242,519
Net increase (decrease) in cash and equivalents		(41,985	)		567			(109,480	)		—			(150,898	)
Cash and equivalents at beginning of year		175,289			494			187,508			—			363,291
Cash and equivalents at end of year	$	133,304		$	1,061		$	78,028		$	—		$	212,393

	Year Ended December 31, 2013
	CalAtlantic Group, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments		Consolidated CalAtlantic Group, Inc.
	(Dollars in thousands)
Cash Flows From Operating Activities:
Net cash provided by (used in) operating activities	$	163,640		$	(172,687	)	$	(145,169	)		—	$	(154,216	)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures		(534	)		(50	)		(23,744	)		—		(24,328	)
Distributions of capital from unconsolidated homebuilding joint ventures		—			244			4,519			—		4,763
Net cash paid for acquisitions		—			(27,113	)		(89,149	)		—		(116,262	)
Other investing activities		(1,946	)		(3,768	)		(2,316	)		—		(8,030	)
Net cash provided by (used in) investing activities		(2,480	)		(30,687	)		(110,690	)		—		(143,857	)
Cash Flows From Financing Activities:
Change in restricted cash		—			—			6,565			—		6,565
Principal payments on secured project debt and other notes payable		(6,804	)		—			(1,530	)		—		(8,334	)
Proceeds from the issuance of senior notes payable		300,000			—			—			—		300,000
Payment of debt issuance costs		(5,316	)		—			—			—		(5,316	)
Net proceeds from (payments on) mortgage credit facilities		—			—			8,708			—		8,708
(Contributions to) distributions from Corporate and subsidiaries		(11,691	)		—			11,691			—		—
Payment of issuance costs in connection with preferred shareholder equity transactions		(350	)		—			—			—		(350	)
Issuance of common stock under employee stock plans, net of withholdings		13,536			—			—			—		13,536
Intercompany advances, net		(429,968	)		203,754			226,214			—		—
Net cash provided by (used in) financing activities		(140,593	)		203,754			251,648			—		314,809
Net increase (decrease) in cash and equivalents		20,567			380			(4,211	)		—		16,736
Cash and equivalents at beginning of year		154,722			114			191,719			—		346,555
Cash and equivalents at end of year	$	175,289		$	494		$	187,508			—	$	363,291