Note 11 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2016

Notes Tables

Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]

	Three Months Ended March 31,
	2016			2015
	(Dollars in thousands)
	(Unaudited)
Revenues	$	14,323		―
Cost of sales and expenses		(8,038	)		(2,845	)
Income (loss) of unconsolidated joint ventures	$	6,285		$	(2,845	)
Income (loss) from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations	$	1,189		$	(451	)

Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]

	March 31,		December 31,
	2016		2015
	(Dollars in thousands)
	(Unaudited)
Assets:
Cash	$	35,737	$	34,893
Inventories		517,272		510,502
Other assets		14,264		14,540
Total assets	$	567,273	$	559,935
Liabilities and Equity:
Accounts payable and accrued liabilities	$	18,447	$	26,571
Non-recourse debt		31,558		33,704
CalAtlantic equity		146,624		130,750
Other members' equity		370,644		368,910
Total liabilities and equity	$	567,273	$	559,935
Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets	$	137,591	$	132,763