XML 96 R72.htm IDEA: XBRL DOCUMENT v3.20.4
Fair Value Disclosures (Schedule Of Carrying Values And Fair Values Of Financial Instruments) (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents $ 394,001 $ 55,436 $ 32,902
Revolving line of credit   68,700  
Mortgage loans held for sale 282,639 185,246  
Senior Notes 5.875% [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying amounts include unamortized deferred financing costs, premiums and discounts $ 3,200 $ 3,900  
Interest rate 5.875% 5.875%  
Senior Notes 6.750% [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying amounts include unamortized deferred financing costs, premiums and discounts $ 5,200    
Interest rate 6.75%    
Senior Notes 6.875% [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Carrying amounts include unamortized deferred financing costs, premiums and discounts   $ 5,700  
Interest rate   6.875%  
Level 1 [Member] | Carrying Value [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents $ 394,001 $ 55,436  
Level 1 [Member] | Fair Value [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Cash and cash equivalents 394,001 55,436  
Level 2 [Member] | Carrying Value [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Secured notes receivable [1] 2,434 2,602  
Revolving line of credit [2]   68,700  
Mortgage repurchase facilities [2] 259,050 174,095  
Level 2 [Member] | Carrying Value [Member] | Senior Notes 5.875% [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Senior notes [3],[4] 396,821 396,120  
Level 2 [Member] | Carrying Value [Member] | Senior Notes 6.750% [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Senior notes [3],[4] 494,768 494,307  
Level 2 [Member] | Fair Value [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Secured notes receivable [1] 2,448 2,545  
Revolving line of credit [2]   68,700  
Mortgage repurchase facilities [2] 259,050 174,095  
Level 2 [Member] | Fair Value [Member] | Senior Notes 5.875% [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Senior notes [3],[4] 417,500 415,680  
Level 2 [Member] | Fair Value [Member] | Senior Notes 6.750% [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Senior notes [3],[4] 533,750 537,500  
Level 3 [Member] | Carrying Value [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Other financing obligations [2],[5] 3,286 6,277  
Level 3 [Member] | Fair Value [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Other financing obligations [2],[5] $ 3,286 $ 6,277  
Minimum [Member] | Insurance Premium Note [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Interest rate 3.278% 3.278%  
Maximum [Member] | Insurance Premium Note [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Interest rate 3.24% 3.24%  
[1] Estimated fair value of the secured notes receivable was based on cash flow models discounted at market interest rates which considered the underlying risks of the note. In May 2020, the maturity of the secured note receivable was extended by one year to May of 2021.
[2] Carrying amount approximates fair value due to short-term nature and interest rate terms.
[3] Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of December 31, 2020, these amounts totaled $5.2 million and $3.2 million for the 6.750% senior notes and 5.875% senior notes, respectively. As of December 31, 2019, these amounts totaled $5.7 million and $3.9 million for the 6.875% senior notes and 5.875% senior notes, respectively.
[4] Estimated fair value of the senior notes is based on recent trading activity in inactive markets.
[5] Insurance premium notes included in other financing obligations bore interest rates ranging from 3.278% to 3.240% during the year ended December 31, 2020 and during the year ended December 31, 2019.